Earning frequent flyer miles through credit cards can be really tough if you are a student. Between having a short or non-existent credit history and having likely a very low annual income, many of the extra rewarding credit cards will be out of reach for a college student, at least initially.
Enter the Citi ThankYou Preferred Card for College Students. This card is specifically geared toward those college students and has a pretty decent reward structure to get started earning points and miles!
The signup bonus for the ThankYou Preferred Card for College Students is only 2,500 ThankYou points after spending $500 in three month – but that will likely be within reach for a college student based on spending; especially if textbook purchasing season falls within the first three months of card membership.
The TY Preferred for College Students also earns 2 ThankYou points per dollar spent on food and dining purchases, 2 ThankYou points per dollar spent on entertainment purchases, and 1 ThankYou point per dollar spent on all other purchases. There is no annual fee.
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$0 first year
$0 after first year
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Unfortunately, it is not possible to transfer the points earned from this card to Citi’s airline and hotel transfer partners without having a premium credit card with Citi. That’s one of those things that a college student is probably going to have to hold off on for a few months while they start building a credit history and a good relationship with Citi.
My recommendation for a college student would be to get this card and start putting regular spending on the card and start banking those points. After having the card open with Citi for somewhere between six and 12 months, start looking into other Citi cards that do allow transfers, like the Citi ThankYou Premier card. After a year there is a good chance that a college student would be able to bank somewhere around 20,000 ThankYou points.
With use of Citi’s transfer partners, 20,000 TY points could go a long way to planning a great spring break trip without breaking the bank!
College students out there: what do you think of this new card?
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