Citi Prestige Card

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Card / NotesBonus / Annual Fee
Citi ThankYou® Prestige Card
Earning rate: 3X airfare, hotels, and travel agencies; 2X dining and entertainment

Noteworthy Perks:
-$250 air travel credit (including airfare) per calendar year
-Free lounge access: Citi Properietary Lounges;, and Priority Pass Select with free guests
-$100 Global Entry application fee credit
-Free golf benefit
-Use points for 1.33 cents value for any flight; or 1.6 cents per point value on American Airlines; or transfer to airline partners
-4th night free hotel benefit

NOTE: Reduce annual fee to $350 by signing up in-branch or by opening CitiGold Checking

See also: Click here to learn about negative changes coming in July 2017
40K after $4K spend in 3 months

$450 annual fee

You may need to open the application in private/incognito mode to get it to work.

Recent better offer: 50K after $3K spend (Last reported 8/2016)

FM Mini Review: Excellent combination of perks and rewards for spend. $250 per year airline credit makes the annual fee reasonable.


The Prestige card is pricey, but it has a terrific collection of perks as well as decent category bonuses for spend.  The annual $250 air credit makes the card’s annual fee considerably less of a burden for anyone who regularly pays for airfare.  And the card’s 4th Night Free benefit (details here) can result in huge savings for those who often have multi-night paid hotel stays.

Changes coming July 23rd 2017:

  • Use points for flights: Point value will be 1.25 cents per point rather than 1.33 cents (or 1.6 cents on AA)
  • No more Free Golf benefit
  • The 4th Night Free hotel benefit will be based on average nightly rate instead of the 4th night rate.  Additionally, taxes will no longer be included in the rebate.
  • Those who are grandfathered in to AAdmirals Club access will no longer get that benefit

I expect that new benefits will be added, but for now the July changes that we know about are all negative.

Bottom Line

This is a great card for those who would use the 4th Night Free benefit multiple times per year.  Others may prefer to get the card for just one year (for the signup bonus plus one year of perks) and then downgrade to the no-fee Preferred card (to keep points alive).  For those who won’t make much use of the 4th Night Free benefit, consider other great travel cards instead, such as the Chase Sapphire Reserve Card, or Citi ThankYou Premier.

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