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Citi Prestige® Credit Card

Credit needed
Excellent
APR
Based on creditworthiness, 16.99% to 23.99%
Annual Fee
$495

Card Summary

Citi Prestige Credit Card offers travel rewards credit cards. This card earns you five points for every dollar spent on dining and air travel, and three points per $1 on hotels, cruise lines, and other hotel purchases. You can also get one point per $2 on all other purchases.

Citi Prestige Credit Card provides valuable benefits for travelers, including a $250 annual credit and a credit of $100 towards TSA precheck or Global Entry fees.

You can also book through Citi Prestige Concierge to receive a fourth night free at any hotel you choose with a minimum 4 nights consecutive stay. Priority Pass airport lounge access is available.

Card Summary - Cons

Rates and fees

Issuer Name
Citi
Penalty APR
Based on creditworthiness, up to 29.99%.
Credit Needed
Excellent
Balance Transfer Fee
The transfer amount must be equal to $5, or 3% depending on which is higher.
Annual Fee
$495
Cash Advance Fee
You can choose to pay $10 or 5%, depending on the cash advance amount.
APR
Based on creditworthiness, 16.99% to 23.99%
Foreign Transaction Fee
None
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The Best Features

Reward Points: Citi Prestige Credit Cards earns 5 points for air travel, dining and hotels.

Three points for hotel and cruise line bookings. One point per $1 on other purchases.

You will receive a travel credit every year for $250 towards your travel expenses.

You can use this credit for airfares, hotel stays, car rental, and any other travel expenses.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Annual fee: Citi Prestige Credit Cards has an annual fee $495.

There is no introductory rate for this card: The card doesn't offer a 0% rate for purchases and balance transfers.

High APR potential: Citi Prestige Credit Card offers variable rates of interest from 16.99% up to 23.99% depending on creditworthiness.

Highlights

After spending $4,000 in the first 3 months, you will earn 50,000 bonus points. Enjoy extraordinary hotel and travel rewards when you use the Citi Prestige Card. This Citi ThankYou Rewards credit card is for avid travellers.

When you book through the ThankYou Travel Center, your 50,000 Bonus ThankYou Points can be redeemed for $500 travel.

Get 5X points on Air Travel and Dining. Get 3X points on Hotels and Cruise Lines. All other purchases eligible for 1X.

After a minimum of 4 nights consecutively booked through ThankYou.com, you will receive a complimentary 4th night at the hotel of your choosing (based on an average night's stay and exclusive of taxes).

Priority Pass Select gives you free access to hundreds VIP lounges. You can get up to $250 in Travel Credit every calendar year. There is no requirement to sign up, credit will be applied automatically for eligible purchases.

Benefits

Cardholders of the Citi Prestige Credit Card enjoy travel and shopping benefits, including:

A $250 per year travel credit
Credit for Global Entry and TSA PreCheck fees.
Access to Priority Pass Airport Lounges.
Complementary fourth-night stay after minimum of four nights.
Support for identity theft.

Comparative Analysis with Other Cards

Citi Prestige Credit Card vs. American Express Platinum Card vs. Chase Sapphire Reserve

Annual Fee: Citi Prestige Credit Cards have a $495 fee. Annual fee for Capital One Venture Rewards Credit Card: $95.

Reward: Citi Prestige Credit Cards earns 5 points per $1 on dining and air travel, 3 points on hotel and cruise line stays and 1 point on any other purchase. Capital One Venture Rewards Credit Card earns 2 miles for every dollar spent.

Sign up bonus: Citi Prestige Credit Cards offers a sign-up bonus of 50,000 points after you spend $4,000 within the first three months. Capital One Venture Rewards Credit card earns 60,000 bonus points if you spend $3,000 within three months of account opening. This is equivalent to $600 for travel.

Benefits: Citi Prestige Credit Card Benefits include a 250-dollar annual travel credit and a credit of up to $100 for Global Entry and TSA Precheck applications. A complimentary fourth night is included with a minimum 4-night stay at a hotel. Priority Pass access to airport lounges can also be accessed. Identity theft support may also be available.

Capital One Venture Rewards Credit card offers upgrades and discounts at participating hotels and resorts. It also provides concierge service and access to Priority Pass airport lounges.

Citi Prestige Credit Card vs. Chase Sapphire Preferred Card

Annual Fee: The Citi Prestige Card costs $495 annually, while the Chase Sapphire Preferred Card charges $95.

Reward: The Citi Prestige Credit card will give you five points for every dollar spent on dining and air travel, and three points for each dollar spent on lodging and cruises. You'll also earn one point for all purchases. Chase Sapphire Preferred Card gives you five Lyft points per $1 (valid until March 2022), three Lyft points per Dollar on restaurant dining, two Lyft points per $ on travel, and one point for all purchases.

Sign up bonus: After spending $4,000 within the first three months, Citi Prestige Credit Cards offers a sign-up bonus of 50,000 points. Chase Sapphire Preferred Card gives you 60,000 bonus points if you spend $4,000 within the first three months of account opening.

Benefits: Chase Ultimate Rewards will give you $750. Citi Prestige Credit card holders get up to $250 annually in travel credits, up to $100 TSA Precheck fee credit or Global Entry credit.

They also receive a fourth-night free on minimum 4-night hotels stays, Priority Pass access to airport lounges, and identity theft support. Cardholders of the Chase Sapphire Preferred Card get travel interruption and insurance, auto rental collision damage waivers, lost luggage reimbursements, trip delay reimbursements, roadside assistance and travel and emergency assistance.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

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