LINK


IBD note: You can exchange 20K TY points for $200 in gift cards (see here)
You net bonus after subtracting $75 annual fee will be $125.



Terms:


Earn 20,000 bonus ThankYou® Points after $600 in purchases made within 3 months of account opening

20,000 ThankYou® Bonus Points after $600 in purchases

ThankYou® Bonus Points can be earned by new Citi PremierPass® American Express® Card – Elite Level cardmembers approved through this offer. Bonus points are awarded after $600 in purchases are made within 3 months of account opening. All points become available for redemption when they are transferred from your Card Account to your ThankYou® Member Account, which may take 1 to 2 billing cycles. Redeem 20,000 points for a domestic flight on virtually any airline up to $400 in value. Reservations must originate in the 48 continental states. Taxes, fees and surcharges not included.For tickets greater than $400 in value, redeem 5,000 more points for every incremental $50 ticket value.