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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.
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.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- 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®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- 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
Know before you go.
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