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Updated Citi Prestige card now offers a 75K sign-up bonus

Summary

The Citi Prestige has launched a slew of card changes, including a 75,000-point sign-up bonus and the ability to book complimentary hotel stays online.

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The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

The Citi Prestige card has launched a slew of card changes – including upping the sign-up bonus by 35,000 points and allowing cardholders to book complimentary hotel stays online. The updates help keep the Citi Prestige card competitive, as the race between luxury cards has heated up over the past year, including the launch of the Chase Sapphire Reserve card last summer and American Express’s recent enhancements to its Platinum card.

Here are the Prestige card’s new benefits at a glance:

  • 75,000-point sign-up bonus – Receive 75,000 points after spending $7,500 in the first three months.
  • Online booking of complimentary hotel stays – Book your fourth night free online through the Citi ThankYou Travel Center.
  • Greater value when redeeming points – Points are worth 25 percent more when redeemed on airfare through ThankYou.com.
  • Metal card – The updated Citi Prestige comes in the form of a sleek, metal card.

A hefty bonus, but a hefty price

Perhaps the most notable change for the Citi Prestige card is the increased sign-up bonus. Now, cardholders receive 75,000 points after spending $7,500 in the first three months. The previous offer gave cardholders 40,000 points after spending $4,000 in the first three months.

Although this is a large increase over the previous offer, the spend requirement has increased greatly as well. It’s unusual for a card to charge such a high spend threshold to receive a sign-up bonus. The Chase Sapphire Reserve card, for example, requires cardholders to spend $4,000 in the first three months for a 50,000-point sign up bonus, and the Platinum card from American Express requires $5,000 in the first three months for a 60,000-point bonus.

But that doesn’t mean the Citi Prestige sign-up bonus is unattainable. Just keep in mind that you will need to spend an average of $2,500 per month in the first three months in order to reach the $7,500 threshold and receive the 75,000-point bonus.

Easier to book the complimentary fourth night

The Citi Prestige card continues to offer one of its most popular benefits – a complimentary fourth night stay at any hotel on consecutive four-night bookings. However, the process of booking your free night just got easier. Previously, you were required to contact the Citi Prestige Concierge with all of your booking details, and they would get back to you with your reservation confirmation.

Now, you can book your free night directly online through the Citi ThankYou Travel Center. After logging into your account and making your reservation, the complimentary night will automatically be applied as a discount at checkout. You can also choose to pay for all or part of your reservation using ThankYou points at a rate of 1 cent per point.

On the downside, the fourth night free is now calculated as the average nightly rate of your total stay – not including taxes – instead of the actual cost of the fourth night, which makes the credit less valuable.

Comparing luxury travel cards

Designed for the elite traveler, the Citi Prestige card provides a variety of benefits that have become common among luxury credit cards, such as annual travel credit and rewards on every purchase. See how it compares to other travel rewards cards in the chart below.

COMPARING SIMILAR TRAVEL REWARDS CARDS
Credit cardSign-up bonusRewardsAnnual travel creditAnnual fee
Citi Prestige75K points after $7,500 spend in first 3 months• 3 points per dollar on air travel and hotels
• 2 points per dollar on dining and entertainment
• 1 point per dollar on all other purchases
$250$450
Platinum card from American Express60K points after $5,000 spend in first 3 months• 5 points per dollar on flights booked directly with airline or American Express Travel
• 5 points per dollar on hotel bookings at amextravel.com
• 2 points per dollar on travel purchases made through website
• 1 point per dollar on all other purchases
$200$550
Chase Sapphire Reserve50K points after $4,000 spend in first 3 months• 3 points per dollar on travel and dining
• 1 point per dollar on all other purchases
$300$450
Citi ThankYou Premier

(Update: Offer expired)

50K points after $4,000 spend in first 3 months• 3 points per dollar on travel, including gas stations
• 2 points per dollar on dining and entertainment
• 1 point per dollar on all other purchases
None$0 first year, then $95
The content on this page is accurate as of the posting date. Please see the bank’s website for the most current version of the offer.

As you can see, these cards all offer sign-up bonuses and rewards programs that allow you to earn points on everything you buy. Depending on how you redeem your points, the value of the rewards may be worth more. For example, the Sapphire Reserve currently offers cardholders 50 percent more value when redeeming points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. So, the 50,000-point sign-up bonus is worth $750 when redeemed toward travel, but only worth $500 when redeemed for cash.

The Citi Prestige card offers 25 percent more value for points redeemed for airfare through ThankYou.com. If you choose to redeem the 75,000-point sign-up bonus this way, the points will be worth $935. If you redeem the points for cash, the bonus is worth $750 – which is equal to the value of the Sapphire Reserve’s sign-up bonus, even with the 50 percent bonus rate. However, the Citi Prestige does require you to spend $3,500 more in the first three months than the Sapphire Reserve in order to earn the sign-up bonus.

Besides taking into account the value of rewards, you should also consider annual travel credits. The Sapphire Reserve and Citi Prestige cards offer the largest travel credits among these cards, at $300 and $250, respectively. These cards also offer the most flexible options to use the credit. While most cards only let you use travel credits toward airline incidentals, such as checked bags and in-flight meals , the Sapphire Reserve and Citi Prestige let you use the credits toward any purchase that falls under the cards’ travel categories, including airfare.

The Citi ThankYou Premier card does not offer an annual travel credit. But since the card doesn’t charge an annual fee the first year – and only charges $95 each year after that –  there is virtually no need to receive an annual travel credit. You can simply use the money you would’ve spent on the annual fee toward travel incidentals and airfare.

Offer restrictions

Note that you are not eligible for this offer if you have had a ThankYou Preferred, ThankYou Premier or Citi Prestige card opened or closed within the past 24 months.

See related: American Express Platinum card makeover adds $200 Uber credits, Chase Sapphire cardholders can earn 100,000 points with a Chase mortgage

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

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Published: July 19, 2017

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