** update: it appears there is now a minimum spend requirement**

It is the most wonderful time of the year. The time for FREE money from Citi. (that sounded very Grinch-like)

Let’s jump right into this offer, it is a good one..

Welcome the Citi Thank You Preferred card, the baby brother to the premier and prestige cards. The preferred card is a solid offer for a number of reasons, the biggest being that there is no minimum spend needed to receive the $200 cash back.

Breakdown:

–20,000 Thank You points for signing up (worth $200 in cash)
–No minimum spend to receive the bonus, just apply and be approved!
–0% APR for the first twelve months on purchases or balance transfers
–Annual fee is ZERO dollars, forever
–2x points spent on entertainment and restaurants
–Offer valid to those who have not received this card bonus in the last 18 months
–‘Secondary’ rental car insurance is included, read more on that here

This is a compelling offer considering there is no minimum spend and $200 in cash back. You could essentially sign up for the card, activate it, and throw it in the sock drawer. The 20,000 Thank You points can be used towards gift cards, travel, or cash back.

The fine print from Citi’s website:
“To receive 20,000 bonus ThankYou Points, make $0 in purchases within the first 3 months of the account opening. Balance transfers, cash advances, account fees, interest, disputed items and items returned for credit also do not qualify as an eligible purchase. Once these points post to your account, you may redeem them for great rewards, including $200 in gift cards. Bonus ThankYou^® Points not available if you have had a Citi ThankYou Preferred card opened or closed in the past 18 months. To redeem points, visit thankyou.com or call 1-800-THANKYOU (1-800-842-6596).”

Questions? Hit us up on facebook.com/milestothemax