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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.

Capital One® Savor® Cash Rewards Credit Card

This cash back card has a focus on dining and entertainment where you can earn unlimited 4% cash back in those spending categories. You can also earn 2% cash back at grocery stores and 1% cash back on all other purchases.

Apply Now
More Things to Know
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Intro APR on Purchases
N/A
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Balance Transfer Fee
$0
Recommended Credit
Excellent, Good

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.