Prestige® from Citi Review
Prestige® from Citi — all information about the credit card.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
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All benefits
- Points
- 5x On restaurants.
- 5x On air travel.
- 3x On hotels.
- 3x On cruise lines.
- 1x On all other purchases.
- Travel
- Complimentary 4th Night Hotel Stay:
- Complimentary 4th Night at a hotel of your choice after a minimum 4 consecutive night booking through ThankYou.com (based on your average night stay, exclusive of taxes and fees). This benefit can be used up to two times per calendar year.
- Global Entry/TSA Precheck application fee reimbursement:
- You can receive a Global Entry or TSA Precheck credit every five years in an amount up to $100.
- $250 Travel Credit Every Calendar Year There's no need to enroll, your credit is applied automatically to eligible purchases.
- Points Transfer:
- Easy points transfer to certain airline loyalty programs, including TrueBlue®, Virgin Atlantic Flying Club and Singapore Airlines Krisflyer.
- VIP Lounge Access:
- Enjoy complimentary access to hundreds of VIP lounges through Priority Pass™ Select.
Rate and fee information
- Purchase Intro APR
- None
- Purchase APR
- 16.99% - 23.99% Variable APR.
- Intro Balance Transfer APR
- None
- Balance Transfers APR
- 16.99% - 23.99% Variable APR.
- APR for Cash Advances
- 25.24% Regular APR.
- How to Avoid Paying Interest
- Your due date is at least 23 days after the close of each billing cycle. You will not be charged interest on purchases if you pay your monthly Citi Flex Plan Payment Amount plus your entire balance, excluding any Citi Flex Plan balances, by the due date each month. You will be charged interest on cash advances and balance transfers on the transaction date.
Fees
- Annual Fee
- $495 For the primary cardmember.
- Fees for Balance Transfer
- Either $5 or 3% of the amount of each transfer, whichever is greater.
- Fees for Cash Advances
- Either $10 or 5% of the amount of each cash advance, whichever is greater.
- Penalty Fees
- 29.99%
- Return Payment
- Up to $40
- Late Payment
- Up to $40
Pros & Cons
- No Foreign Transaction Fee
- Flexible rewards program
- Rich travel benefits, including lounge access
- No intro APR offer
- High annual fee
- Limited number of points transfer partners
Features
- Low interest
- No foreign transaction fees
- Payment Flexibility
- Fraud Protection
- Rewards
- Bonus points
- Purchase Protection
- Travel
- Airline
- Lowest Hotel Rates Guarantee
- Auto Rental Insurance
- Airport Lounge Access
- Excellent Credit
About the issuer
Compare with other cards
- NoneAnnual Fee
- 19.99% - 29.99%Regular APR
- 5%Cash Back on hotels and rental cars booked through Capital One Travel.
- 0% Introductory APR for the first 15 months that your account is openPurchase Intro APR
- NoneAnnual Fee
- 19.99% - 29.99%Regular APR
- 1.5%Cash Back on all purchases.
- NonePurchase Intro APR
- NoneAnnual Fee
- 18.49% - 24.49%Regular APR
- 5%Cash Back on hotels and rental cars booked through Capital One Travel.
- NonePurchase Intro APR
See Another Credit Cards in the Bank
Citi Prestige® Credit Card Review
Let’s review the Citi Prestige® Credit Card, which offers plenty of travel benefits but comes with a hefty annual fee. The card offers generous 5x rewards on travel, restaurants, and 3x on hotels. In addition, you’ll get a nice sign-up bonus, valuable credits, lounge access, a prime hotel benefit, and more. Like other cards with impressive benefits, Citi Prestige® Credit Card is an offer for people with an excellent credit score.
Citi Prestige®: Pros and Cons
| Pros: | Cons: |
|---|---|
No foreign transaction fee. Citi Prestige® Credit Card has no foreign transaction fee. | High annual fee. Citi Prestige® Credit Card has an annual fee of $495, which is quite high for most people. |
| Generous rewards. The Citi Prestige® Credit Card offers one of the best reward rates on the market - 5X points on air travel and restaurants and 3X points on hotels and cruises. Add in a $250 annual travel credit that is applied automatically to cover costs of travel-related purchases. | Authorized user fee. The Citi Prestige® Credit Card charges an authorized user annual fee of $75. |
| Sign-up bonus. New cardholders earn up to 50,000 bonus points if they spend at least $4,000 within the first three months of signing up. | High APR. The Citi Prestige® Credit Card has relatively high APR rates on purchases and balance transfers. Its APR is between 16.99% and 23.99% based on the cardholder's creditworthiness. |
| Fourth-night-free hotel benefit. Citi Prestige® Credit Cardholders get the fourth night for free when booking a hotel for four consecutive nights at Thankyou.com or calling 1-800-ThankYou. You can use the benefit twice a year. |
Rewards system in a nutshell
The Citi Prestige® Credit Card has generous travel rewards whereby you earn 5 points for every dollar you spend on restaurants and air travel. You also get 3 points for each dollar you spend towards hotels and cruises, plus a point for any dollar spent on other purchases. The points you earn do not expire.
How to redeem the points
There are many ways of redeeming the rewards points, that include:
- Transfer to a partner airline - you can transfer your points to points or miles at a number of partner airlines at a 1:1 rate. Generally, you get the most cash value of your points by transferring them. Depending on a partner airline, ticket availability, etc., your cash value of one point can go beyond 1 cent. Most partner airlines are international carriers, which means you might not get much value if you mainly travel domestically.
- Cash rewards - you can redeem your points as a statement credit, direct deposit, or a check. Each Citi ThankYou point is worth 0.5 cent when redeemed for cash.
- Gift cards - you can get a gift card from many restaurants and retailers for at least $10, which is equivalent to 1000 ThankYou points.
- Payment towards student loans and mortgages - the Citi ThankYou points can be used for paying mortgages and student loans. They will be converted at the rate of $0.01 per 1 ThankYou point.
- Shopping with points - you can use the ThankYou points when shopping on some platforms or using certain payment methods like PayPal. The points are converted at less than 1 cent per point. You can also redeem the points towards gas purchases at BP/Amoco and Shell.
- Transferring to another Citi ThankYou account - the ThankYou points can be transferred to another person's account. You can transfer up to 100 000 points, but they should be redeemed within 90 days, or else they expire.
Ways to maximize the rewards system
The Citi Prestige® cardholders can maximize their rewards by transferring their loyalty points, also called ThankYou points, to select partner airlines. Each point is equivalent to 1 mile with this type of transfer.
For example, 7400 ThankYou points can be transferred to 7400 TrueBlue points at JetBlue. 7400 TrueBlue points can buy a midweek late-night ticket from NY to Boston, which, if paid in cash, costs $124.
Who can benefit from getting the Citi Prestige® Credit Card?
The Citi Prestige® Credit Card is a good choice for people who frequently travel, especially internationally. You get 5x dining and air travel rewards, plus 3x rewards on hotels and cruises.
The card is packed with travel benefits: $250 annual travel credit, free hotel nights, TSA PreCheck or Global Entry $100 credit, complimentary access to Priority Pass lounges, and doesn’t charge any foreign transaction fees.
If you don’t travel abroad often, you might consider other travel cards since the only domestic airline you can transfer your Citi ThankYou points to is JetBlue.
Are there any other benefits?
The Citi Prestige® Credit Card has many benefits that include:
- Citi Entertainment - get access to ticket presales or VIP packages to concerts, sporting events, and dining experiences.
- Contactless Pay - cardholders can shop easily and safely using the Citi Prestige® Credit Card that has a contactless chip. Simply tap the card on the payment reader and go in a few seconds.
- Cell Phone Protection - cardholders get cell phone protection if they pay their monthly wireless bill with the Citi Prestige® Card. This cell phone protection covers damaged or stolen phones. You can claim up to $1000 per claim and up to $1500 annually which is reimbursed for the repairs or replacement costs.
- TSA PreCheck or Global Entry credit - the Citi Prestige® Credit Cardholders are reimbursed $100 every 5 years for either TSA PreCheck or GlobalEntry application.
- Great security features - cardholders can lock and unlock their Citi Prestige® Credit Card from a mobile app if they misplace it or it's stolen.
Conclusion
Overall, the Citi Prestige® Credit Card is a great choice for avid travelers. It offers generous rewards and is loaded with travel benefits. A good sign-up bonus, $250 annual travel credit, fourth-night-free benefit, or just one remarkable redemption at a partner airline can easily justify a relatively high annual fee.
FAQ
What is the customer service phone number for Citi Prestige® Credit Card?
How to check my application status for Citi Prestige® Credit Card?
Is Citi Prestige® Credit Card worth it?
- NoneAnnual Fee
- NoneRegular APR
- 2x - 7x:Points on restaurants.
- NonePurchase Intro APR