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Update: The Citi Prestige and Citi ThankYou® Premier now offer 1.25¢ per point towards travel on any airline, versus the previous enhanced redemption rate on American Airlines. The Citi Prestige no longer offers lounge access to American Admirals Clubs. Learn more about the current offers here.
I applied for both of the cards in the past couple of months, and the first card for which the sign-up bonus posted was the Citi Prestige Card. Specifically, the sign-up bonus was 50,000 ThankYou points after spending $3,000 within three months.
The card offers the following earnings on everyday spend:
- 3x points on air travel and hotels
- 2x points on dining at restaurants and entertainment
- 1x point for all other purchases
For reaching the minimum spend on the Prestige Card, virtually all my spend was on hotels and airfare (after all, the card offers a fourth night free benefit on hotels, which I’ve used several times).
Once my first statement on the Citi Prestige Card posted, I had 58,000+ ThankYou points.
So how did I redeem them? As I’ve said before, I don’t think ThankYou points are quite as well diversified as American Express Membership Rewards points, Chase Ultimate Rewards points, or Starwood Preferred Guest points (which are the other three major transferable points currencies).
While the ThankYou program has about a dozen transfer partners, there are two ways I see myself mostly redeeming ThankYou points earned with the Citi Prestige Card:
- For revenue travel on American, as each point gets you 1.6 cents towards the cost of an American/US Airways ticket
- By transferring points to Singapore Airlines KrisFlyer, which I find to be one of the most lucrative frequent flyer programs out there
The timing of this worked out quite well. I needed to fly to Germany, and one of my favorite ways to get there is in Suites Class on the Singapore Airlines A380. KrisFlyer is a 1:1 transfer partner with ThankYou. And they have exceptionally reasonable redemption rates between New York and Frankfurt, as they charge just 57,375 KrisFlyer miles one-way for Suites Class on the route (there are also ~$180 in carrier imposed surcharges, which I’ll easily drink in Krug, and then some). 😉
I requested the transfer of 58,000 points…
And those points transferred to my KrisFlyer account less than 24 hours later.
At the time I initiated the transfer, there actually wasn’t any saver level award space available through KrisFlyer on the route. That being said, I’ve found that lately Singapore is fantastic about making last minute saver level award space available between New York and Frankfurt, and sure enough the space opened up less than a day after the points posted to my account:
And as usual, the Singapore Airlines Suites Class experience between New York and Frankfurt is pretty darn tough to beat.
To the choice between Krug and Dom…
To the caviar…
To the double bed, assuming you are traveling with someone or have a not quite full cabin…
I was traveling with my parents on this trip, and all three of us were on the same flight. The great thing about Singapore KrisFlyer is that they’re transfer partners with all four major transferrable points currencies, so I transferred points from Chase Ultimate Rewards for my parents’ tickets (which I earned using the Chase Sapphire Preferred® Card).
Oh yeah, I left out the best part of the trip, for me at least. I had convinced my mom that I was in Dubai, and that I’d meet her in Frankfurt. In reality I had booked myself on the same flight as them from New York to Frankfurt. Suffice to say she was in shock/outrageously confused when I picked her up from her JetBlue flight in New York and accompanied them on the rest of the journey.
There’s something to this day which gets me super excited when I get such amazing value out of credit cards. It’s still incredible to me to think that I can sign up for a card like the Citi Prestige Card or Citi ThankYou® Premier Card, complete the minimum spend, and have enough points for a ticket in Singapore Airlines Suites Class, which would retail for nearly $7,000 one-way.
And that doesn’t even account for the fact that the card has a lot of long term value…