The Citi Prestige Is (Finally) Open for Applications Again, With a 50k Bonus

Jan 31, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Citi is a TPG advertising partner

When we first learned that the Citi Prestige would be adding some new benefits, chipping away at some others and reopening to new applicants, the rough timeline for the card being relaunched was “January.”

Well, it’s Jan. 31 and scarcely a day’s passed this month where we haven’t received questions on just when the card would once again be available. With 5x points per dollar for dining and air travel on the line, it’s a question we’ve had as well — and Citi certainly kept the answer to itself.

However, on the final day of the month, the card’s finally open for applications right under Citi’s self-imposed deadline. The Citi Prestige is offering a sign-up bonus of 50,000 points after $4,000 in spending in the first 3 months. The annual fee is now $495 (up from $450) though for current card holders the annual fee increase won’t take effect till later this year. 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.

That’s not the most exciting sign-up bonus considering how much anticipation there’s been for this card to reopen to applicants (and we’ve seen 75k in the past), but something is better than nothing. Based on TPG’s applications, 50,000 transferrable Citi ThankYou points are worth $850. Here’s how to redeem your Citi ThankYou points for maximum value. 

If you’re an existing Citi Prestige card holder, you’ve been able to earn 5x points on dining and air travel, 3x points on hotels and cruises, 1x elsewhere since early January. At that time, the card’s $250 annual air travel credit was also expanded to apply to all travel purchases. Starting in May, the Prestige will also add cellphone protection.

Beginning in September, a second round of updates will take effect — and these fall squarely in the “devaluation” category. The card’s exceptional 4th Night Free benefit, which gets you a free night on paid hotel bookings, will be capped at two uses per year, and you’ll no longer be able to book 4th Night Free stays through the concierge to earn hotel elite status credit and benefits. Thankfully, any stays booked in 2019 before that date won’t count against your two for 2019. The annual fee for the card is also increasing to $495 for existing card holders in September.

Those considering adding the Citi Prestige to their wallet should take note of Citi’s “family rule.” To be eligible for the Citi Prestige’s welcome bonus, you cannot have opened or closed another card in the ThankYou Rewards family in the last 24 months. This would include not only the Citi Prestige, but also the  Citi Premier® Card and Citi ThankYou Preferred Card.

Bottom Line

We’re happy to see that Citi came in just under the wire, and re-opened the Citi Prestige for new card holders before the month ended. While we would have liked to see the welcome bonus come in a bit higher, earning 5 points on dining and air travel (worth a combined 8.5 cents per dollar) is a very strong offering. This is especially true given the card’s built-in travel protections. While the 4th Night Free perk will be capped later in the year, you still have several months to use that benefit as much as you wish.

Delta SkyMiles® Platinum American Express Card

Earn 50,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $2,000 in purchases on your new card in your first three months of card membership. Plus, earn up to $100 back in statement credits for eligible purchases at U.S. restaurants with your card within the first 3 months of membership.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Earn 50,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $2,000 in purchases on your new Card in your first 3 months.
  • Plus, earn up to $100 back in statement credits for eligible purchases at US restaurants with your card within the first 3 months of membership.
  • Accelerate your path to Medallion Status, with Status Boost®. Plus, in 2021 you can earn even more bonus Medallion® Qualification Miles (MQMs) to help you reach Medallion Status.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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.