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As y’all know, I recently picked up the Citi Prestige® Card and Citi ThankYou® Premier Card. Both have generous sign-up bonuses, and have started taking up a surprising “wallet share” for me, as I’ve started using them for almost all my spend.
What has kind of surprised me and caught me off guard is that I’ve started using the Citi Prestige Card for virtually all my hotel stays. Both the Prestige and Premier offer 3x ThankYou Rewards points per dollar spent on hotels.
And as I’ve crunched the numbers for each major hotel chain, that has just about become my “go to” card for hotel credit card spend:
- The Hyatt Credit Card offers 3x points per dollar spent at Hyatt hotels. I value Hyatt points at ~1.5 cents each. So I’ll take the equivalent of a ~4.8% “cash” return over a return of ~4.5% in Hyatt points.
- The Starwood Preferred Guest® Credit Card from American Express offers 2x Starpoints per dollar spent at Starwood hotels. I value Starpoints at ~2.2 cents each. So I’ll take the equivalent of a ~4.8% “cash” return over a return of ~4.4% in Starpoints.
- The Club Carlson Premier Rewards Visa Signature® Card offers 10x Gold Points per dollar spent at Club Carlson properties. I value Gold Points at ~0.4 cents each (even less after the devaluation). So I’ll take the equivalent of ~4.8% “cash” return over a return of ~4% in Gold Points.
- The IHG® Rewards Club Select Credit Card offers 5x IHG Rewards Club points per dollar spent at IHG properties. I value IHG Rewards Club points at ~0.7 cents each. So I’ll take the equivalent of a ~4.8% “cash” return over a return of ~3.5% in IHG Rewards Club points.
Crunching the numbers kind of surprised me, since up until now I’ve typically used a hotel’s co-branded credit card for stays at their hotels.
The one exception is when using the Starwood Preferred Guest® Business Credit Card from American Express at Hyatt properties in the US. That’s because you get both 5% cash back through the Amex OPEN Savings program, plus one Starpoint per dollar spent. That’s a return I value at ~7.2%.
When I first picked up the Citi Prestige® Card and Citi ThankYou® Premier Card I did it mostly for the great sign-up bonuses, though I’ve found myself using the cards more and more, to the point that they’re almost the only cards I use nowadays.
Has anyone else switched most of their hotel spend to Citi?