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Credit card showdown: Citi Prestige vs. Citi Premier

July 27, 2021
12 min read
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Citi's flagship transferable points cards — the Citi Prestige® Card and the Citi Premier® Card — have undergone major benefit refreshes over the past few years, one mostly good and one that's universally been decried as a major devaluation.

The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Most recently, Citi announced that the Prestige Card is no longer available for new applicants for the "foreseeable future." However, existing cardmembers will still continue to enjoy the benefits of their Prestige card, so we'll still see how the Citi Premier compares to the Citi Prestige.

Comparing the Citi Prestige and Citi Premier

Below is a table that summarizes the key differences across some important categories.

BenefitCiti PrestigeCiti Premier
Sign-up bonusNo longer available to new applicants.

(Previously) 50,000 points after spending $4,000 on purchases in the first three months of account opening.

80,000 ThankYou points after spending $4,000 on purchases in the first three months of account opening.
Earning rates5x on air travel and restaurants
3x at hotels and cruise lines
1x everywhere else
3x on air travel, hotels, gas stations, supermarkets and restaurants (including takeout)
1x everywhere else
Additional benefitsNo foreign transaction fees; $250 travel credit every calendar year; fourth night free award; Priority Pass Select membership; Global Entry/TSA PreCheck creditNo foreign transaction fees
Annual fee$495$95

Let's take a closer look at each one of these to help analyze which card is a better value in your wallet.

Sign-up bonus

The Citi Premier is offering one of the best sign-up bonuses we've seen on this card in a while: Earn 80,000 points after spending $4,000 in purchases within the first three months of account opening. This sign-up bonus is worth $1,360 based on TPG's latest valuations. That 30,000-point difference is worth a solid $510 in extra value with the same $4,000 spending requirement. If the minimum spending requirement to earn the bonus seems a little higher than your normal credit card spending, here are some tips for reaching it.

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But, based on your recent activity, you may not be eligible for a sign-up bonus. The application page for each card notes:

Bonus ThankYou® Points are not available if you received a new cardmember bonus for Citi Rewards+®, Citi ThankYou® Preferred, Citi ThankYou® Premier/Citi Premier® or Citi Prestige®, or if you have closed any of these accounts, in the past 24 months.

Related: The ultimate guide to credit card application restrictions

Meanwhile, the Citi Prestige is no longer available for new applicants, putting the Prestige out of the running in this category. However, its previous sign-up bonus (before the application shut down) was 50,000 points after spending $4,000 in purchases within the first three months of account opening -- worth $850 based on TPG's latest valuations.

Winner: The Citi Premier is the clear winner here. With the bonus, you'll get an extra 30,000 points -- worth $510 based on TPG's valuations.

Earning rates

Besides the annual fee, the biggest difference between the two cards is the rate at which they earn points for different purchases:

  • On the Citi Prestige Card, you'll earn 5 points per dollar spent on air travel and restaurants, 3x at hotels and cruise lines and 1x everywhere else.
  • On the Citi Premier Card, you'll earn 3 points per dollar spent on air travel, hotels, gas stations, supermarkets and restaurants (including takeout) and 1x on all other purchases.

It should come as no surprise that the premium Citi Prestige takes the lead with its high-powered 5x bonus category for air travel and restaurants, although in all other areas, the cards are either tied or the cheaper Citi Premier comes out ahead. Those 3x points work out to a respectable 5.1% return based on TPG's valuations, and the ability to earn that in diverse categories such as gas, groceries, restaurants, hotels and air travel all on one card is quite appealing.

(Photo by The Points Guy)

If you already own the Prestige card, you'll also earn 5x at restaurants. Based on TPG's valuations, this means you'll get an 8.5% return on restaurant spending. This is much better than the 3x earned by the Premier and even means the Prestige has replaced the Chase Sapphire Reserve as the go-to credit card for dining for many existing cardholders.

With the Prestige card, you'll also earn 5x on purchases with airlines and 3x on purchases at hotels and cruise lines — which is a relatively narrow slice of the travel industry. While the Premier has more bonus categories to choose from, many are also defined quite narrowly.

Winner: This is quite close, although the Citi Prestige is now one of the most valuable cards on the market for both air travel and dining, knocking out other heavyweight luxury cards such as the Chase Sapphire Reserve and The Platinum Card® from American Express. It's unfortunate that the Prestige is no longer available for new applicants, although current cardmembers can continue to enjoy these lucrative earning rates. That being said, the Premier still offers a solid return on travel and everyday purchases.

Additional benefits

The Andaz Maui at Wailea Resort. (Photo courtesy of Hyatt)

Even though it's now capped at two uses per year, one of the Prestige's most popular benefits is the fourth night free on eligible hotel stays, which I've used at hotels like the Andaz Maui. The Citi Prestige really flexes its muscle as a premium credit card in this area, offering a number of perks and credits to help you travel more luxuriously for less money. Both cards offer the advantage of no foreign transaction fees, making them ideal to carry with you on vacation.

Here's a list of the perks offered by the Prestige:

  • Up-to-$250 travel credit: Each year, you'll be able to receive a $250 travel credit that will be automatically applied whenever you make purchases within the travel category. Since this is a calendar-year benefit, if you apply now, you can utilize the credit now and then get another one after your December statement closes, giving you two $250 credits in the first year of card membership.
  • Priority Pass Select: Another great perk on the card is Priority Pass Select membership, giving you access to more than 1,300 lounges around the world, including some restaurants. You can also bring in two guests or your immediate family members at no charge.
  • Fourth night free: This is possibly the most lucrative benefit on the card. When you pay for a hotel stay of four nights or longer using your Citi Prestige card, you're eligible to get one night free (calculated based on the average daily rate, not including taxes and fees). Cardholders are now restricted to no more than two complimentary fourth night free benefits per card account per calendar year — and bookings must be made online at or by phone at 1-800-THANKYOU.
  • Global Entry credit: Once every five years, you can get a statement credit to cover an application fee for Global Entry or TSA PreCheck on your card (up to $100).

If you can get significant value from the Priority Pass Select membership and the fourth night free benefit — even now that it's capped — the Citi Prestige can present an excellent value. By comparison, the only meaningful benefit offered by the Citi Premier is a $100 hotel credit on eligible stays of $500 or more booked through or by phone at 1-800-THANKYOU. Using this perk once could entirely offset the card's annual fee, but you're capped in the value you can get compared to the Prestige. Of course, all of the luxury benefits on the Citi Prestige do come with a price ...

Winner: You get what you pay for, and the Citi Prestige undeniably offers the better benefits package. Current cardholders should continue to be able to recoup the annual fee between the $250 annual travel credit and fourth night free benefit.

Annual fee

The fourth category for comparison is the annual fee, and based on simple numbers, the Citi Premier Card is the clear winner with its $95 fee. Since the Citi Prestige Card carries a $495 annual fee, you're looking at a significantly higher out-of-pocket cost.

Related: 4 reasons to get the Citi Premier card

However, keep in mind that this doesn't take into account the credits included on the Citi Prestige. The $250 travel credit is applicable as soon as you're approved for the card (and resets on Jan. 1), so that drops it to an effective annual fee of $245. If you're able to take advantage of the fourth night free benefit, you may be able to wipe out the $245 (and then some) with a single stay of four nights or longer or perhaps two stays of four nights or longer if you prefer to travel on a budget.

And this is without considering the value you'll get from the Priority Pass Select membership, 5x at restaurants and other perks. When you consider the credits and perks, the Prestige's $495 annual fee may be easier to justify than the Premier's $95 annual fee.

Winner: The Citi Premier has the lower upfront cost, but if you're a current cardholder and can maximize all the benefits on the Prestige each year, you'll end up getting back much more than you paid.

So which one is better?

Given all of these details, which card is better for your wallet? This is a very personal decision, but here are some guidelines:

  • If you frequent airports with Priority Pass lounges, and don't have another card that provides Priority Pass lounge access, the Prestige wins. The Priority Pass network has more than 1,300 lounge locations worldwide, including some popular lounge restaurant locations in the U.S. If you frequently travel to, from or through one or more airports with Priority Pass lounges, this perk can be quite valuable and gives the Prestige the edge.
  • If you pay for at least a couple of hotel stays of four nights or longer, the Prestige wins. Another element that could push you in the direction of the Prestige card involves hotel stays. If you frequently have paid stays of four nights or longer — especially when at least one or two feature relatively high nightly rates — you could save a lot of money through the fourth night free benefit on the Citi Prestige even though it's capped at two stays per calendar year.
  • If you spend a lot at restaurants and on airfare, the Prestige wins. Earning 5x on restaurants and airfare equates to a 8.5% return based on TPG's valuations. The Prestige has won my restaurant spending away from the Chase Sapphire Reserve.
  • If you have significant gas or grocery expenses, the Premier wins. One reason you might consider the Premier over the Prestige is if you spend a lot at grocery stores and gas stations. You'll earn 3x on gas and other travel expenses, compared to just 1x with the Prestige. With just $300 a month on these purchases, you'd take home an extra 7,200 ThankYou points, worth $122 (according to TPG's valuations), each year.

Since the Citi Prestige is no longer available to applicants, only current cardmembers will really reap the benefits of this discontinued card. Consequently, the Citi Premier is still a considerable card. Especially if you're new to the ThankYou points ecosystem, a larger sign-up bonus, lower annual fee and more diverse bonus categories will help you get a good idea of whether this program is right for you.

Related: Redeeming Citi ThankYou points for maximum value

Bottom line

Citi's two premium ThankYou Rewards credit cards provide solid earning potential. The Citi Premier Card has a modest annual fee and a broad range of 3x earning categories. While the Citi Prestige Card is no longer available to new cardholders, existing cardholders are lucky as they can more than offset by taking advantage of the card's annual travel credit and fourth night free benefit — even now that it's limited to two uses per year.

If you don't currently have the Premier and are eligible to receive a sign-up bonus, now is a great time to add one to your wallet!

Application link: Citi Premier with 80,000 bonus points.

Additional reporting by Stella Shon.

Featured image by (Photo by John Gribben for The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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