The Citi Prestige credit card may not yet be open to new applicants (we're expecting an announcement on that any day now) but current cardholders can start to make the most of some of the card's new benefits from today - 4 January 2019.
Long time readers may remember that I've blown hot and cold about the Citi Prestige card for quite some time. I defended the value of the credit card following the devaluations which saw Admirals Club membership withdrawn as a benefit but, by the beginning of this year, I was set to swap my Citi Prestige card for the cheaper Citi Premier ThankYou card....but that downgrade never actually happened.
If I wasn't expecting a the relaunch of the Chase Hyatt credit card last week I certainly wasn't expecting to hear news that American Airlines and Citi have decided to rebrand and relaunch the AAdvantage Bronze credit card....but that's exactly what has just happened.
Citi ThankYou points are one of the four major transferable currencies that I collect on a very regular basis (the others being Chase Ultimate Rewards points, Amex Membership Rewards points and Starpoints from Starwood). Like all the major transferable currencies Citi ThankYou points are relatively easy to earn (if you have the right credit cards) and they can be transferred to an impressive number of airline loyalty programs (mostly at a ratio of 1:1) all of which makes them very important to anyone in the miles & points hobby.
At the beginning of the year I was set to swap my Citi Prestige card for the cheaper Citi Premier card but, thanks to a points bonus that Citi unexpectedly threw my way, the card got a stay of execution and it's still in my wallet. I've now earned the maximum bonus Citi offered me so the card is back in the firing line and needs to earn its place in my wallet....and it may have just done so.
Citi is currently running a promotion offering ThankYou card holders $50 off a hotel booking of 2 nights or longer. There don't seem to be any major strings attached to this promotion so, if you have a hotel stay you're looking to book, this could be an easy $50 saving.
I recently wrote a post discussing annual fees and explaining how I go about deciding if I should keep a credit or charge card when the annual fee becomes due and, just recently, it was decision time on the Citi Prestige card. I’ve been a fan of the Citi Prestige card since it was first launched and, even after the devaluation back in July this year, I still thought the card was worth keeping. But things change and my recent review of what exactly I’m getting for my $450 annual fee didn’t come out looking too positive.
Last week the Park Hyatt offers I wrote about reminded me of one of the major reasons I liked the Citi Prestige card in the first place - the 4th Night Free benefit - and they also reminded me to write a post explaining why one of the two ways you can book the 4th night free benefit is a lot better than the other.
Citibank will be losing Hilton Honors as a transfer partner in just a few weeks time but, while that will leave the ThankYou Points program without any hotel partners at all, at least Citi is still working on the airline side of things.
As of January 2018 Citi will lode the right to issue Hilton co-branded credit cards as the hotel chain gives American Express exclusivity over its credit cards. With that in mind it's not all that big of a surprise that Citi has announced that it will be dropping Hilton as a transfer partner for its ThankYou points program.