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- Citi Prestige® Card Bonus
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The Citi Prestige® Card is now offering a limited time 75,000 bonus points after you make $7,500 in purchases within the first 3 months of account opening. Redeeming towards flights booked through Citi is your best redemption option, where the points are worth 1.25 cents apiece, or nearly $937. Your second best option for redemption would be with gift cards, where your bonus will be worth $750. This 75,000 bonus points offer should revert back to a 40,000 to 50,000 points bonus, so just check the Citi website directly for updates. *You might also be interested in the Checking bonuses Citibank offers as well.
You can find the 75,000 bonus points offer by going directly to Citi’s website.
The Citi Prestige® Card is in the premium travel credit card category and carries a massive $450 annual fee, which isn’t waived the first year either. Not surprisingly, most people wouldn’t even consider this card, and justifiably so. But this card has its place, and that’s with the frequent traveler who enjoys the premium travel benefits.
While there are many travel benefits exclusive to these types of premium travel cards, we feel the ones that stick out the most for the Citi Prestige® are:
- The free access to 1,000 airport lounges through Priority Pass Select.
- The $250 Air Travel Credit.
- The rewards rate: 3X on Air Travel & Hotels, 2X on Dining & Entertainment, and 1X on other purchases.
- The complimentary 4th night stay at any hotel of your choice.
- Of course, the 75,000 bonus points offer.
The recently introduced Chase Sapphire ReserveSM is our pick as the best premium travel card, but it’s always best to compare all your options before deciding on a card with such a big annual fee.
Priority Pass Airport Lounges With The Citi Prestige® Card
Plaza Premium Lounge at Hong Kong International
The Priority Pass program is the best around for airport lounge access, with over 1,000 locations available worldwide. The membership level that is complimentary with the Citi Prestige® Card is the Priority Pass Select, which is equivalent to the Prestige membership level when purchased directly through Priority Pass. This is a $399 value ($359 with this discount), which justifies the $450 annual fee quite a bit.
While many major airports in the U.S. have lounges in the program (e.g. JFK, LAX, ATL, ORD, etc.), many also do not. Luckily, the worldwide footprint is massive, where relaxation in lounges abroad benefit the most.
You can look on their website or mobile app to find all the current locations.
*Note: American Airlines Admirals Club lounge access is no longer complimentary with this card as of June 2017. Priority Pass Select membership will still continue on unaffected.
Get $250 In Air Travel Credit Annually
If you travel at all during the year, you’re probably going to use up this benefit and essentially cut out more than half of the annual fee. Every year, you’ll receive $250 in Air Travel Credit that will be automatically applied to flight related expenses charged to your card. Not only does it apply to incidentals like baggage fees and upgrades, but also the flight tickets themselves.
For frequent travelers who will take advantage of the lounge access and air travel credit, the $450 annual fee will already be more than negated.
The Rewards Rate Of 1.25% To 3.75%
Redeem for flights through Citi for maximum redemption value
For those that spend a significant amount on travel, the rewards earning rate of the Citi Prestige® Card will make more sense than with a traditional travel credit card. You’ll get 3 points per dollar spent on air travel and hotels, and 2 points per dollar on dining at restaurants and entertainment.
Two popular travel cards with lower annual fees, the Barclays Arrival Premier ($150 annual fee/2X miles on all purchases) and the Chase Sapphire Preferred® ($95 annual fee/2X points on travel and dining), earn travel rewards at a lesser rate.
The actual earnings rate will be higher if you redeem towards travel through the Citi ThankYou Travel Center, where each point is worth 1.25 cents. When redeemed with this option, your earnings rate will range from 1.25% (non-category purchases) to 3.75% (air and hotel purchases).
4th Hotel Night Complimentary
Free unlimited 4th hotel nights
When you book through the Citi Prestige Concierge, you’ll get a free 4th night stay at any hotel of your choice after a minimum 4-consecutive night booking. The benefit will be calculated as the average nightly rate of your total stay, not including taxes.This is certainly a good perk if you travel often and stay at luxury hotels. However, your options for booking through the concierge are by calling in or emailing them. There’s no streamlined web interface for price comparison versus booking through the hotel itself, or through travel sites like Priceline or Agoda. Regardless, if you’re staying somewhere that is $300+ a night, it may be worth checking the price through the concierge to compare with your outside booking options.
Getting The 75,000 Bonus Points
Again, you’ll find this offer by going directly to Citi’s website. We’ll monitor the offer and make updates if there are any changes.
You’ll have to spend $7,500 in purchases within the first 3 months of account opening to qualify for the bonus. The bonus will put you in the positive right off the bat for the first year despite the $450 annual fee.
We strongly believe the targeted market for this card should not have any problems meeting that spending requirement for the bonus. However, if for some reason you need some spending options, use our Card Bonus Spending Requirement guide for the most popular ways others are using.
For bonus seekers, one popular method is by funding new bank accounts with their credit cards. Many do this to open new Checking accounts that have sign-up bonuses. Plan this out thoughtfully and you could end up with thousands of dollars in bonus money every year.
Find the best bank account bonuses here, and bank accounts that can be funded with a credit card here.
What’s The Competition?
Our team personally picks the Chase Sapphire ReserveSM card as our favorite premium travel credit card. It was released in the latter half of 2016, and was a big hit for Chase. The sign-up bonus offer is better, the annual travel credit is higher, your points are worth more at travel redemption, you earn rewards faster on dining, and the Ultimate Rewards program is a long term favorite with consumers.
The other big player is The Platinum Card® from American Express. This card earns rewards faster than its competitors on flights booked directly with airlines or with American Express Travel. You’ll also get more lounge access that includes The Centurion, International American Express, Delta Sky Club, and Airspace Lounges networks, as well as the Priority Pass Select membership. However, one big pitfall for international travelers is going to be the lack of American Express acceptance in many locations abroad.
| The Chase Sapphire ReserveSM card is no longer offering 100,000 bonus points (worth $1,500 toward travel), but you can still earn 50,000 bonus points (worth $750 toward travel). You'll need to spend $4,000 on purchases in the first 3 months from account opening to qualify for the bonus.This is a premium travel card with a premium annual fee of $450. But, you'll receive premium benefits such as a $300 Annual Travel Credit, access to 1,000+ airport lounges with Priority Pass Select, 3X points on travel and dining, and 50% more in travel redemption. MoneysMyLife picks this as the best premium travel credit card. Full Review |
The Platinum Card® from American Express
| The Platinum Card® from American Express has a special offer for 75,000 Points after you spend $5,000 on purchases on your new Card in your first 3 months. The best options for redeeming these points would be by booking travel through American Express or by redeeming for gift cards. Using these options, the 75,000 bonus will be worth $750. You must go directly to the American Express website to find this offer. Typically, the bonus offer reverts back to a 60,000 or 40,000 points promo, so it's all about timing here. The biggest drawback to this card is the $550 annual fee, which puts it in the premium class of credit cards. The card has a market because it offers premium travel benefits, such as 5X points for flights and eligible hotels, access to 1,000+ airport lounges, $200 in Uber credits yearly, and a $200 airline fee credit annually. For frequent travelers, the added benefits make sense in terms of value and added luxury. Full Review |
MoneysMyLife Top Offer Picks  Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review |
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