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One of the most valuable credit card benefits out there comes from the Citi Prestige Card. The 4th Night Free benefit can net you some serious savings — in fact, it saved TPG Editor-in-Chief Zach Honig $1,490 from a single hotel booking!

But, that savings pales in comparison to some new Prestige information that Citi just released to TPG. According to the issuer, the most expensive fourth night rebated on the Citi Prestige in 2016 was a $4,554 hotel stay in Santorini, Greece! That’s right, one cardholder saved $4,554 on a single stay booked with their Prestige card — that’s more than 10x the annual fee.

Santorini, Greek islands, Greece
One Prestige cardholder was able to save more than $4,500 on a stay in Santorini, Greece. Image courtesy of Mateo Colombo via Getty Images.

As a reminder, when you use the Citi Prestige Card to book four or more paid nights at any hotel in the world, you’ll receive the amount paid for the fourth night as a statement credit on your account. In order to be eligible, the reservation must be made by calling the Citi Concierge at the number on the back of the card. The card comes with a $450 annual fee, but as you can see in the examples above, that fee can easily be nullified by the amount you can save with the 4th Night Free benefit.

Here are some more stats from Citi about the Prestige Card and its benefits:

  • The 4th Night Free benefit saved cardholders a lot of money — on average, more than $300 per night.
  • About two-thirds of 4th Night Free rebates occurred at properties outside the US.
  • With the Priority Pass Select membership that comes with the card, one cardholder used the lounge access 106 times last year.

As you can see, there’s immense value to be had here with the Citi Prestige Card and its benefits. In fact, TPG himself used the 4th Night Free benefit on his recent trip to Nihiwatu, which is ranked as the No. 1 hotel in the world, and saved more than $1,300 with the rebate.

As you may remember, last year Citi announced that it was lowering the sign-up bonus, changing the 4th Night Free benefit to equal the average of the entire stay (not the cost of the actual fourth night), dropping Admirals Club access and eliminating the annual three rounds of golf benefit. However, the card still offers a fantastic value and could be worth signing up for.

Currently, Citi Prestige comes with a sign-up bonus of 40,000 points after you spend $4,000 in the first three months. In addition to the 4th Night Free benefit, you’ll also get $250 in air travel credit and a credit every five years for Global Entry or TSA PreCheck. In all, when you account for the value to be had from the air travel credit as well as the possible savings from the 4th Night Free perk, you essentially can save more than what you’re paying for the annual fee.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

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More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
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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.

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.