You’ll now earn 5x points on the Citi Prestige for streaming, cable and more

Oct 12, 2020

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Editor’s note: This post as been updated with new details from Citi. Citi is a TPG advertising partner.

During the coronavirus pandemic, issuers have been looking for ways to entice cardholders to hang onto their travel credit cards, despite the fact that many are putting travel on hold. American Express, Chase, Capital One and Citi have all announced short-term benefits throughout 2020.

Previously, Citi announced that Prestige cardholders could use the card’s travel credit on supermarkets and restaurants through the end of 2020. Additionally, all online purchases earned 5x ThankYou points (which expired on Aug. 31, 2020). Now, Citi has just announced a new earning opportunity for the Citi Prestige® Card.

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

Temporary 5x promotion on the Citi Prestige

Citi Prestige cardholders can now earn 5x points per dollar spent on online, cable and streaming purchases through Dec. 31, 2020, up to a maximum of 7,500 points. According to our valuations, 7,500 ThankYou points are worth almost $130 in value.

There are 20+ eligible cable and streaming services that include providers such as:

(Photo by John Gribben for The Points Guy)

The card’s existing rewards structure is primarily focused on travel purchases (5x on airfare and dining, 3x on hotels and cruises, and 1x on everything else), so it’s nice to see Citi adding in opportunities to earn on other expenses.

This new promotion is an addition to Citi’s previous announcement that it is temporarily expanding which purchases qualify for the up to $250 travel credit awarded to cardholders each year. If you haven’t already used your Citi Prestige travel credit this year, you’ll now be able to use it on grocery stores and restaurants through the end of 2020 (which should include online grocery delivery services like Instacart and delivery services like Grubhub and DoorDash).

This new promotion alongside the expanded travel credit benefit falls in line with how other credit card issuers, such as Chase and Amex, are encouraging spending on their travel cards right now.

While this promotion likely won’t sway someone to apply for the card when they otherwise wouldn’t, it does provide a nice incentive for existing cardholders to hang onto the card even if you aren’t spending on travel right now.

Related: Even though the Citi Prestige has lost a lot of benefits, I’m still keeping mine (for now)

Bottom line

Citi is one of the multiple issuers who have recently announced changes to help customers find value in their cards amid a global pandemic that has drastically changed spending habits and benefit value.

These changes aren’t particularly jaw-dropping, but they will help cardholders make use of cards when they otherwise might have lost out on some benefits.

Featured image by Phil Barker/Future Publishing via Getty Images

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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