The present invention provides a pixel circuit, a driving method thereof and a display device which are related to the field of display technology. The pixel circuit comprises a reset module, a compensation module, an energy storage module, a drive module, a drive control module, a power supply module and a light emitting module, the input voltage of the third power supply signal terminal is larger than the difference between the input voltage of the data signal terminal and the threshold voltage of the drive module, and is less than the input voltage of the second power supply signal terminal. The present invention is capable of discharging the driving transistor to a potential Vth within a short period, ensuring the driving transistor to be discharged completely in a short time.