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Update: This offer for the Citi Prestige is expired. You can find the current offer details here.
I consider the Citi Prestige Card to be the all around hottest credit card. It has a fantastic sign-up bonus, great return on everyday spend, and excellent ongoing perks that more than justify the annual fee.
A few weeks ago I wrote a post about the 11 reasons the Citi Prestige is the ultimate credit card, so check that out for more. Long story short, the perks alone more than justify the annual fee. In the first year I had the card I got over $4,000 of value out of it, and that’s not accounting for the points I earned through everyday spend.
Since the card was relaunched early last year, it has offered a sign-up bonus of 50,000 ThankYou points after spending $3,000 within three months. That’s a great sign-up bonus, as those points can be transferred to one of their airline partners, or even redeemed for 1.6 cents each towards the cost of a ticket on American, meaning that bonus is potentially worth $800 worth of travel on American.
Anyway, I’ve just received word that the details of the Citi Prestige Card sign-up bonus will be changing as of next Tuesday, July 19, 2016. We don’t yet know how the offer will be changing.
Keep in mind that a similar announcement was made to the Citi Premier Card this January, where the sign-up bonus changed from 50,000 points to nothing. I suppose the card was performing so well for them that they didn’t feel like they’d need a sign-up bonus.
So I don’t actually know what will happen to the sign-up bonus on the Citi Prestige Card — it could go down a little, it could go down to nothing, or it could even increase. But based on what we recently saw, I’d assume it’s going down.
It’s also in theory possible that they’re relaunching the card altogether, and changing some of the benefits. If so, there could be a lot of value in having the card before the relaunch happens, as they typically continue to honor the old card benefits for some amount of time in those instances.
Again, all of the details of the changes are speculation. All I know is that the details of the offer are being changed next Tuesday.
I’ve long said that the Citi Prestige Card is too good to be true, so I generally think there’s one way the offer is most likely to go…
If you haven’t yet applied for the Citi Prestige Card, I’d highly recommend doing so in the next several days.