Citi Improves Prestige and Premier Travel and Purchase Protection Benefits

Apr 18, 2016

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

The Citi Prestige card is right up there with other premium cards when it comes to fantastic perks. Its 4th night free benefit can be extremely valuable — it earned TPG Editor-in-Chief Zach Honig $1,490 cash back from a single hotel booking. In addition, it’s continued to make things easier for cardholders, as 4th night free benefits are now much easier to book. And now, the card is continuing to boost its perks, with new travel and purchase protection benefits.

Citi has announced that effective May 15, the card will be changing travel protection benefits — for the better. The changes come as the result of a new benefits provider and include greater flexibility, expanded coverage and fewer exclusions. It looks like the new changes also apply to the Citi Premier Card. Additionally, Citi is increasing the potential payout for its Price Rewind benefit.

The big changes Citi made with the new benefits come in the way of how you pay for your trip. Effective May 15, 2016, tickets paid for in part with your Citi Prestige or ThankYou Premier will now be eligible for trip delay and cancellation coverage, whereas as with the previous policy, only trips paid for entirely with the card would have been covered. For tickets paid in part with one of the included cards, Citi will only cover up to the amount you actually paid for with the card. Scenarios that may require a partial payment include award tickets (where you might have a $5 charge in security taxes or $500+ in fuel surcharges), or redeeming a voucher or gift certificate and charging the balance to your card.

Admirals Club lounge featured
Gain Admirals Club access with the Citi Prestige.

So if you pay for the taxes of your trip with your Prestige or Premier, as of May 15 you’ll be eligible for Citi’s trip delay coverage. This is an especially nice added perk that can make all the difference if you’re stuck somewhere after a flight delay.

Here are some highlights of the updated protection benefits:

  • Citi card and/or ThankYou points must be used to purchase at least a portion of the trip
  • Covered travelers include you, family members (fiancee, domestic partner and their children, legal guardians, siblings, siblings-in-law, son-in-law, daughter-in-law, parents, parents-in-law, grandparents, grandchildren, aunts, uncles, nieces or nephews) and travel companions on the trip
  • Extended warranty coverage adds an additional 24 months on top of the manufacturer’s warranty
  • Purchase protection has increased from 60 days to 90 days
  • Citi Price Rewind benefit increases from $300 to $500 per item and a maximum of $2,500 per year

Previously, the Prestige card covered up to $500 in expenses when the cardholder was delayed three or more hours on a round-trip ticket of a trip no longer than 60 days, but the cardholder must also have charged the full cost of the ticket to their Citi Prestige card. In addition, the coverage also included each spouse or domestic partner or dependent (younger than 19) whose ticket was also charged to Prestige.

The Citi Prestige card comes with a sign-up bonus of 40,000 ThankYou points after you spend $4,000 in the first three months. In addition to its travel protection benefits, the card is also a great option for travel purchases because it earns 3x points on air travel and hotels and 2x points on dining and entertainment, in addition to 1x points on all other purchases. There’s a $450 annual fee for the card, but that cost is offset by its other perks — including a $250 annual air travel credit and a $100 Global Entry fee credit.

Bank of America® Premium Rewards® Visa® credit card

This card from Bank of America gets really interesting if you have a BofA checking, savings or investment account. Depending on the value of your combined accounts you can potentially get as much as 3.5x points on travel/dining and 2.625x points on other purchases making it the richest consumer banking bonus out there.

Apply Now
More Things to Know
  • Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
  • No limit to the points you can earn and your points don't expire
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
  • No Foreign Transaction Fees
  • Low $95 annual fee
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable APR on purchases and balance transfers
Annual Fee
$95
Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the 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.

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