A couple of weeks ago there were rumors that Citi would be discontinuing the Prestige Card, which is their premium card that offers great benefits like a $250 annual airline credit, Priority Pass membership, fourth night free hotel benefit, and more.
For many of us, the real selling point of the card is the fourth night free hotel benefit, which can save you thousands of dollars per year, depending on how much you spend at hotels.
Citi denied that the card was being discontinued permanently, but rather indicated that they “remain committed to the Prestige product and servicing our valued existing cardmembers. We look forward to reintroducing the card for new cardmembers in the near future.”
Well, applications for the Citi Prestige Card are now down. We don’t know when the card will be reintroduced, or what it will look like when it is reintroduced. It could be that they’ll introduce it with similar benefits in the future, or it could be that they’re completely refreshing the benefits.
If they do refresh the benefits, I think it’s highly likely that they’ll make changes to the fourth night free benefit, which would be a real shame (this is entirely speculation on my part).
In the meantime existing cardmembers should be able to continue using this card and taking advantage of the current benefits. Typically credit card companies provide substantial notice of any benefits changes, and I would guess that will be the case here as well. So I don’t think there’s anything to worry about.
The Citi Premier℠ Card continues to be open to new applicants. The card has a welcome bonus of 60,000 ThankYou points after spending $4,000 within three months. The card has a $95 annual fee, and offers triple points on travel and gas, and double points on dining and entertainment.
The current 60,000 point bonus is the best bonus we’ve ever seen on this card, so I can’t recommend the card enough. Historically Citi has allowed people to upgrade from the Citi Premier℠ Card to the Citi Prestige Card. That’s not possible right now since the card has been discontinued for new applicants, though there’s a chance that will be possible again in the future.
In the meantime, I’d highly recommend picking up the Premier Card.
Do you think Citi will make major changes to the Prestige Card?
(Tip of the hat to Doctor Of Credit)