The Citi Prestige Card has historically been one of the hottest credit cards out there, though we recently learned about some major changes coming to the card, most of which kick in next year.
For existing cardmembers, the following four benefits are changing for the Citi Prestige Card as of July 23, 2017:
- It will no longer come with Admirals Club access
- Citi ThankYou points earned with the card will no longer be redeemable for 1.6 cents each towards the cost of a ticket on American, but rather will be redeemable for 1.25 cents each towards travel on any airline
- The three complimentary rounds of golf will no longer be offered as a benefit
- For the purposes of the fourth night free hotel benefit, the refund will be calculated based on the average cost of the four nights, and taxes will no longer be included with the statement credit
Personally I think the Citi Prestige Card is still worth holding onto. While the card has a $450 annual fee, the $250 annual airline credit plus fourth night free hotel benefit alone make the card more than worthwhile, at least in my case. I view the airline credit as more or less being worth face value, so I’m paying $200 out of pocket for a card that gets me a fourth night free hotel benefit, a great return on everyday spend, and excellent travel protection.
Anyway, while the above perks continue to be valid through July 23, 2017, there’s a major exception, as noted by Miles to Memories, which I also independently confirmed with a representative from Citi.
Those who apply for the Citi Prestige Card on September 1 or later will no longer receive Admirals Club access. Existing cardmembers will continue to get access through July 23, 2017, though new cardmembers who apply as of September 1 will no longer get Admirals Club access.
Even if you don’t see long term value in the Citi Prestige Card, the card continues to offer an excellent suite of benefits through July 23, 2017. However, those who apply for the Citi Prestige Card on September 1 or later will no longer receive Admirals Club access, which is something to be aware of.
So you’ll want to apply for the card by tomorrow if you’re someone who values Admirals Club access. This card can still be extremely worthwhile, in my opinion.