September 23rd, 2015

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Update: Some offers mentioned below are no longer available. View the current offers here – Citi Prestige Card

There are plenty of great credit cards to choose from, but some offer unique perks that can ultimately save you tons of money each year. Today, TPG Editor-in-Chief Zach Honig shares his experience with Citi Prestige.

Last month, I wrote about my experience getting a replacement Citi Prestige card when I couldn’t find mine at home. Citi overnighted the card to Hawaii, without me requesting any sort of priority shipping. Now, generally I would have been fine without one credit card, since I travel with quite a few, including my overall favorite, the Chase Sapphire Preferred card, but there’s something that makes Prestige indispensable in certain situations — Citi’s 4th Night Free benefit.

We’ve covered this perk in detail in the past, but to summarize, Citi will reimburse you for the fourth consecutive night of a hotel stay — pretty much any hotel stay — provided that you book through a Citi concierge and pay for the stay using your Citi Prestige card. Now this is a fantastic benefit, and it’s saved me a lot of money on stays over the last few months.

A brand new Citi Prestige card, overnighted to my hotel in Hawaii.
A brand new Citi Prestige card, overnighted to my hotel in Hawaii. *Note the appearance of the Citi Prestige cards has changed since I received my card.

The Citi Prestige card comes along with a hefty $450 annual fee, but so far I’ve taken advantage of the following benefits, which in total have gotten me far more than $450 in value:

  • 50,000 ThankYou points after spending $3,000 in the first three months ($800)
  • 4th Night Free benefit, on three different stays ($1,150)
  • $250 annual air credit ($250)
  • One Admirals Club visit — available every time I fly AA ($50)
  • 3x points on airfare and hotels

Total: $2,250

This is especially exciting when you consider that I first signed up for Citi Prestige in May. Yes, in just four months I’ve gotten $2,250 in value from a $450 annual-fee credit card. It’s a great example of how you can get tremendous value from a credit card, especially those with a high annual fee.

For more on Citi Prestige, see:

6 Premium Travel Cards that Are Worth the High Annual Fee
Immediately Denied for the Citi Prestige? You’re Not Alone!
Maximizing Citi Prestige Benefits — TPG Reader Success Story
50,000 Points for the Citi Prestige Card

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.