Citi Prestige Credit Card Review - 60,000 Point Sign Up Bonus ($960 In Travel)

Saving money on citi prestige credit card does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.

Key Takeaways

• The Citi Pretige card is issued by Citi Bank and is their most premium travel credit card.
• In this review we will be looking at the benefits & negatives to this card and who it’s best suited to.
• Along with the minimum credit score we’d recommend you have before applying.

The Citi Pretige card is issued by Citi Bank and is their most premium travel credit card. In this review we will be looking at the benefits & negatives to this card and who it’s best suited to. Along with the minimum credit score we’d recommend you have before applying.

 

Interest Rates

Fees

Card Pros

• Sign up bonus of up to 60,000 ThankYou Points (TYPs)
• TYPs can be redeemed for 1.6¢ for American Airline flights
• $250 Air Travel Credit

Card Cons

• High annual fee of $350-$450
• 3

APR: 15.24% Annual Fee: $350-$450 and $50 per authorized user Introductory APR: None Balance Transfer Fee: $5 or 3%, whichever is greater Introductory APR Length: None Cash Advance Fee: $10 or 5% whichever is greater Cash Advance APR: 25.24% Foreign Transaction Fee: None Penalty APR: 29.99% Late Payment Fee: $35 Grace Period: 23 days Over The Credit Line: None Minimum Interest Charge: $0.50 Returned Payment: $35

Contents

• 0.1 Interest Rates
• 0.2 Fees
• 0.3 Card Pros
• 0.4 Card Cons
• 1 Application Information
  • 1.1 What Credit Score Is Required
  • 1.2 What Credit Bureau Does Citi Pull For The Prestige?
  • 1.3 What Credit Limit Will I Receive?
• 2 Rewards Program
  • 2.1 Earning Rewards
    • 2.1.1 Sign Up Bonus
      • 2.1.1.1 Current Sign Up Bonus
      • 2.1.1.2 Sign Up Bonus History
  • 2.2 Redeeming Your Rewards
    • 2.2.1 Transfer To Travel Partners
    • 2.2.2 American Airlines/United Airways Flights
    • 2.2.3 Other Flights
    • 2.2.4 Shopping
• 3 Card Benefits
• 4 Our Verdict
• 5 F.A.Q’s & Tips

Application Information

What Credit Score Is Required

Unfortunately Credit Karma does not provide this data for the Citi Prestige card, so we are relying on only Credit Boards. To make matters worse, Credit Boards does not have any data for this card. Please share your experiences in the comments.

Credit Boards Lowest approved score ? Average approved score ?

 

What Credit Bureau Does Citi Pull For The Prestige?

The credit bureau that Citi will pull is dependent on where you live. Use the Credit Boards Credit Pull app, select your state and type in Citi for data points.

What Credit Limit Will I Receive?

Keep in mind this is only based on two data points.

Minimum Credit Limit Highest Reported Credit Limit Average Credit Limit $10,000 (might be lower) $31,000 $20,500

Rewards Program

This card earns Citi ThankYou points (TYP).

Earning Rewards

The amount of TYP’s you’ll earn is dependent on what category you’re spending money in. Here is the breakdown:

• 3x points per $1 spent on all Air Travel & Hotels Spend
• 2x points per $1 spent on all spend at restaurants and entertainment
• 1x point per $1 spent on all other purchases

Sign Up Bonus

At the moment there are three different sign up bonuses on the Citi Prestige card.

Current Sign Up Bonus

• In branch offer: Discounted annual fee of $350 and up to 60,000 ThankYou points. You’re supposed to have a Citi Gold checking account (which has sign up bonuses of 40,000 ThankYou Points or 30,000 American Airline miles or $400 in cash - or even easier to meet requirements). More information on this offer by clicking here, break down of points as follows:
  • Receive 30,000 ThankYou points after you spend $3,000 within the first three months
  • Receive an additional 30,000 ThankYou points after you spend a total of $15,000 within the first 12 months
• Targeted offer: Annual fee of $450 and 50,000 ThankYou points after making $3,000 in purchases within three months. You need to be targeted for this offer to be eligible, you can check to see if you’re targeted by going here.
• Public offer: Annual fee of $450 and 30,000 ThankYou Points after making $2,000 in purchases within three months of account opening. Click here to apply for this offer.

Sign Up Bonus History

Public Offers:

Targeted Offers:

Redeeming Your Rewards

There are multiple things you can redeem your Citi ThankYou points for.

Transfer To Travel Partners

Citi has a number of travel partners that you can transfer points to. Below are a list of these partners, they transfer at a rate of 1:1 unless otherwise listed (e.g 1,000 ThankYou points can be converted into 1,000 Singapore Airline miles).

EmiratesEVA Air Infinity MileageLandsMalaysia Airlines Enrich AirFrance-KLM Flying BlueEtihad GuestQatar Airways Privilege Club Asia MilesAccor Hotels (1:0.5)Singapore Airlines KrisFlyer Thai Airways Royal Orchid PlusVirgin Atlantic Flying ClubQantas JetBlue (1:0.8 rate, 0.5 with Preferred)Sears SYWRP (1:12)Jet Airways JetPrivilege Turkish Airlines Miles & SmilesAvianca LifeMilesClub Premier Aeromexico Choice Hotels (1:2)Leading Hotels of the World (5:1)

The value you get out of this will depend what you then do with the points you’ve converted.

American Airlines/United Airways Flights

When you have the Citi Prestige card you can redeem TYP for paid AA/UA flights. When doing this redemption you get a value of 1.6¢ per point.

Other Flights

You can also redeem your points for flight with other airlines, although this has a slightly lower point value coming in at 1.33¢ per point.

Shopping

Like most rewards portals, Citi has a shopping section. Points are worth 1¢ a piece when using this option (apart from merchandise which will vary based on how much othestores are charging for the same product)

Card Benefits

Given that this card is a premium travel credit card with a high annual fee, you’d expect it to come with a range of benefits. It’s competing with other products in the market place such as the American Express Platinum. Below is a list of all of the benefits this card comes with along with a summary of each benefit. The full benefit terms & conditions can be found here.

 

Our Verdict

We Recommend This Card For:

We Don’t Recommend This Card For:

F.A.Q’s & Tips

Final Thoughts

The bottom line: a little research on citi prestige credit card goes a long way. Compare your options, watch for seasonal offers, and never pay full price when a better deal is one click away.

Originally published at doctorofcredit.com.