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As I’m sure most of you know by now, we have reason to believe that the details of the Citi Prestige Card will change tomorrow.
As far as I’m concerned the Citi Prestige Card is the hottest all around credit card, between the sign-up bonus, return on everyday spend, and ongoing perks. I’ve written a post about the 11 reasons you should get the Citi Prestige Card, because I think a vast majority of people reading this would get outsized value from the card.
The card comes with a sign-up bonus of 50,000 ThankYou points after spending $3,000 within three months. Those points can be redeemed for 1.6 cents each on American, or transferred to airline partners like Singapore Airlines KrisFlyer.
On top of that the card comes with all kinds of ongoing perks, like:
- A $250 airline credit per calendar year, and before the second year’s annual fee is due they’ll have each earned $500 in airline credits, which is already $50 more than the annual fee; this can be applied towards a vast majority of airline purchases, including the cost of a ticket
- 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
What changes are happening to the Citi Prestige tomorrow?
We don’t officially know. What we do know is that something about the card is changing. Earlier in the year the sign-up bonus on the Citi ThankYou Premier Card decreased from 50,000 points to nothing. So we don’t know if the change here will be as drastic, though what we do know is that the card is very generous, so I personally wouldn’t expect the benefits to improve.
Anyway, Doctor Of Credit notes that Citi branches already have a new version of the Citi Prestige Card offer for in-branch applications, which indicate two major changes:
- The card no longer offers 2x points on dining (however, it continues to offer 3x points on airfare and hotels, and 2x points on entertainment)
- The card now requires $5,000 of minimum spend to earn the 50,000 point sign-up bonus, rather than $3,000
Update: Admirals Club access isn’t listed as a benefit anymore either, and the annual fee is $100 lower than it was before ($350 rather than $450), so perhaps it’s possible Admirals Club access is being eliminated, in light of the recent announcement of American working out an arrangement with both Citi and Barclaycard?
Of course we can’t know for sure that those are the changes being announced tomorrow, though that definitely would make sense. If these are the changes, I’d say that’s good news for us overall, since they’re not taking away the core benefits on the card. I suspect existing cardmembers will continue to earn 2x points on dining for some amount of time (usually when there are benefit changes, existing cardmembers continue to get the old benefits for at least another year).
Changes to the Citi Prestige Card will be kicking in tomorrow afternoon. We don’t yet officially know what the changes will be. However, I suspect they’re the same ones that are reflected in branches already, given that branches often make changes earlier than online (since it can take a bit longer to get all branches updated, while changes can be made instantly online).
So it looks like the in-branch changes to the Citi Prestige Card are that new cardmembers will have to spend $5,000 to get the sign-up bonus, and also won’t earn 2x points on dining.
Ultimately this isn’t a huge deal for existing cardmembers, in my opinion, though this should also be a motivator for people to sign up now, before these changes kick in.
How do you feel about the changes made to the in-branch offer on the Citi Prestige Card? Are they better or worse than you expected?