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The Citi Prestige Card is one of my favorite cards. It offers an array of benefits that I value and for that reason, I keep it in my wallet. Citi recently announced that the benefits on the card would be changing in January and continue through September 2019. While I have read that many people dislike the changes, I am currently on the fence about them.
Before I get into the changes, I will provide you the current benefits (when the card is used to cover purchases/taxes):
- $250 statement credit for all flight related expenses (changing)
- Complimentary 4th night at a hotel when booking through Citi Concierge (changing)
- $450 Annual Fee (changing)
- Priority Pass Access
- No Foreign Transaction Fees
- Global Entry or TSA Precheck Application Fee
- Complimentary Elite Rental Car Status
- Trip/Baggage Delay Protection
- Lost Baggage Protection
- Roadside Assistance in USA
- Earn three bonus points per dollar at hotels
- Earn one bonus point per dollar on all other purchases
Starting January 4, 2019:
- $250 travel credit is for all eligible travel purchases (hotels, flights, car rentals, tolls, etc)
- Earn five bonus points per dollar on air travel
- Earn five bonus points per dollar at restaurants
- Earn two bonus points per dollar on entertainment (through August 31, 2018)
Starting May 1, 2019:
Starting September 1, 2019:
- Complimentary 4th night benefit will be limited to twice per year
- Annual fee increases to $495
- One bonus point per dollar on entertainment
Final Word
These benefits are not a game changer for me. With the annual fee going to $495, that makes the “fee” on the card $245 per year. If the only perk that I use is the complimentary two nights at hotels, I would more than cover the annual fee. While the changes seem like a lot to digest, I feel that they are not necessarily good or bad. For that reason, the Citi Prestige card will stay in my wallet.
Not too much of a change Roberto. I feel cards are changing things before spending season as Christmas approaches. I just saw an email in my inbox with new TOS for one of my cards.