City just increased the sign-up bonus on the Citi Prestige Card and is now offering 50,000 ThankYou Rewards points. To earn the 50,000 bonus points you’ll need to spend $3,000 on the card within the first three months.
In the past the card’s normal sign-up bonus has been 30,000 ThankYou Rewards points, but it also came with a lower spending requirement of $2,000 within the first three months.
One thing to point out is that the card does have a $450 annual fee, but it may be worth it for some who value ThankYou points and possible transfer partners. If you can put the ThankYou Rewards points to good use getting the card and paying the fee may actually make sense and you can come out ahead.
Citi Prestige Card Details
With the Citi Prestige Card you will get:
- $250 annual airline travel credit each year
- Complimentary 4th night for any hotel stay
- American Admirals Club access
- Priority Pass select membership
- $100 Global Entry fee credit
- 3x points per $1 spent on airfare and hotels
- 2x points per $1 spent on restaurants and entertainment
- 1x point per $1 spent on everything else
- No foreign transaction fees
Major Citi Prestige Card Perks
With the hefty $450 annual fee the Citi Prestige Card does offer some valuable travel perks.
Complimentary 4th Night for Any Hotel Stay
One of the most compelling travel benefits of the Citi Prestige Card is that gives you a 4th free night with every hotel stay you book with the card. The hotel night has to be booked through Citi concierge services, but you can often choose the lowest rate at the hotel.
Using the benefit is fairly straightforward, but it still takes a few extra steps. You’ll have to call Citi concierge using the number on the back of your card to book the hotel—hotel options and prices can be given to you via the phone or email.
When you book a hotel stay of four or more nights and pay for the entire stay with your Prestige card Citi will credit back the the full cost of the fourth night on your billing statement.
$250 Airline Credit Each Calendar Year
Each year you keep the card you will receive a $250 airline credit that can be applied against the cost of an airline ticket. This means you can purchase any airline ticket and have the credit applied to your statement each calendar year.
This also means that you will receive $500 in airline credits before the the cards annual fee hits the second year. This alone could offset the $450 annual fee and you could come out ahead in the first year.
Lots of Airport Lounge Access
Several things to point out are that with the card you will get Admirals Club access, but you can only enter the lounge when you are traveling on American Airlines or US Airways. This means you don’t have a full fledged Admirals Club membership, you only get access when flying on the airlines. You’re allowed to bring in two guests or immediate family members with you into the club for no charge.
However with the Priority Pass Select membership you get access any airport lounge in the Priority Pass network and can also bring in two guest or immediate family members. This makes it among the most valuable airport lounge benefits from any card and entering just a few lounges per year with guests could save you tons.
No Foreign Transaction Fees & Annual Fee
Another great aspect of the card is that it has no have foreign transaction fees, which makes it another great card to keep in your wallet on international trips.
The $450 is high but with it’s generous travel perks it is comparable to other top level travel rewards credit cards. If you can put the benefits to good use you may save a lot more than $450 in the first year.
Card Earning Structure
The Citi Prestige Card has a very favorable rewards points earning structure. With the card you will earn the following:
- 3x points on airfare and hotels
- 2x points on dining at restaurants and on entertainment
- 1x point for everything else
The earning structure on the card is actually good choice for airfare and hotels and without the foreign transaction fees it could make a great card option for purchases in foreign currencies.
The Bottom Line
I have yet to apply for the Citi Prestige Card, but with a round of credit card applications coming soon for me this card is certainly on the radar.
The 50,000 point sign-up bonus makes it a great time to apply and utilizing the $500 in airline travel credit to offset the $450 annual fee makes it even more enticing.
On top of that, the rather broad airport lounge access that the card offers makes for another great travel perk if you are in need of this benefit and don’t lounge access from your other cards.