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While the Citi Prestige Card has a $450 annual fee, it also offers a $250 annual airline credit which greatly helps offset it. Based on my personal account of that perk, it more than cuts the “out of pocket” on the annual fee in half, which is incredible given all the other benefits of the card.
The Citi Prestige airline credit which can be applied towards virtually any airline purchase. Per the terms, the $250 credit can be applied towards the following:
Airline Fees are defined as purchases made with airlines including Air fares, baggage fees, lounge access and some in-flight purchases
So even purchasing an airline ticket or paying the taxes on an award ticket would qualify towards the $250 credit. Credits don’t get much more “good as cash” than that!
The Citi Prestige airline credit is on an annual basis, though it’s not strictly based on calendar years. Instead you get one airline credit between your December billing cycle through the following December. Here’s how that’s defined in the terms:
This statement credit is an annual benefit available for purchases appearing on your billing statements from December through the following December. Pending transactions that do not post in your December billing cycle will count towards the next year’s Air Travel Credit.
My billing cycle closes on the 19th of each month. I had used my 2015 airline credit around the middle of last year, so my airline credit for 2016 reset on December 19, 2015. I purchased an airline ticket using the card on December 20, 2015. My statement finally closed a couple of days ago, and as expected my $250 airline credit posted:
As was my experience last year, the $250 airline credit seems to post on the date that your billing cycle closes where you make the eligible purchase.
Like I said, this is only one of the many reasons to consider the Citi Prestige Card. The card has a $450 annual fee, and by my accounting, this $250 credit basically lowers my “out of pocket” to $200 per year. For that I get so many great benefits, including:
- Access to American Admirals Clubs
- A fourth night free hotel benefit
- The most comprehensive Priority Pass membership offered by any card
- A $100 Global Entry fee credit
Plus of course there’s the sign-up bonus of 50,000 ThankYou Rewards points after spending $3,000 on the card within the first three months — those points can be transferred to one of their airline transfer partners, or be redeemed for $800+ worth of flights on American.
The annual airline credit offered on the Citi Prestige Card is the most generous such benefit offered by any card, in my opinion. Being able to use the credit towards virtually any airline purchase is tough to beat. If you haven’t yet used your 2016 airline credit, be sure to take advantage of it soon, as you might as well get that cash back in your pocket.
Have you used your 2016 Citi Prestige Card airline credit yet?