I’d still earn 5x Thank You points for restaurants but is that worth an increased $495 annual fee, even taking the $250 travel credit into consideration?
Well except when paying for hotels using the fourth-night free benefit, and we all know what’s happening to that in a few months. There goes pretty much everything I was charging to the Citi Prestige card. See FAQs under Card Benefits for answers to Frequently Asked Questions regarding these changes. This change requires no action on your part. We are making these changes so that we can continue providing the key benefits that our customers use and value most at no additional cost. Roadside Assistance Dispatch Service and Travel & Emergency Assistance will be discontinued and will not be available on or after September 22, 2019. Coverage for purchases made before that date will continue to be available, and you may continue to file for benefits in accordance with the current benefit terms. The following is a summary of changes that are being made to your card benefits.Įffective September 22, 2019, Worldwide Car Rental Insurance, Trip Cancellation & Interruption Protection, Worldwide Travel Accident Insurance, Trip Delay Protection, Baggage Delay Protection, Lost Baggage Protection, Medical Evacuation, Citi ® Price Rewind, 90 Day Return Protection, and Missed Event Ticket Protection will be discontinued and will no longer be provided for purchases made on or after that date. Then I received this message when logging into the benefits area of our account: I also used the card to pay for all of our concert and theater tickets because of the excellent coverage provided for missed events.
In particular, I loved using it for award bookings where you only had to charge the taxes of the trip to the card to get full coverage for delays, cancellations and lost baggage. Even after the changes, the Prestige has some of the best travel coverage out there, making it my go-to card for travel bookings. This brought the Prestige in line with coverage offered by the other premium cards (except the AMEX Platinum which has no coverage). The first change was to devalue the travel insurance coverage the card offered. While they were doing this, Citi kept chipping away at the benefits the Prestige offered. To their credit, Citi has improved the points earning potential of the Prestige and it has a very solid list of bonus categories making it the best of the premium cards for earning points. It’s the perks the Citi Prestige provides that makes it worth the $450 annual fee. The Citi Prestige is a good card to earn ThankYou points but I don’t hear anyone extolling the greatness of the ThankYou program. However, the banks are starting to push the limits. I still kept some of my other premium cards.
Sure, there’s a certain cache of plunking down an AMEX Platinum card to pay a check. So why have I reached the point where I’m considering not holding any of these cards?īanks are killing the value-added proposition of keeping these cards American Express Platinum, Chase Sapphire Reserve and Citi Prestige. However, I was able to get a base level of premium card from all the major banks. It’s wasn’t nearly as exciting as I hoped. Since I occasionally run a cash register for my day job, I’ve held a few of these cards over the years. What we do know is that the card has a $7,500 initiation fee and a $2,500 annual fee. A card that’s so exclusive AMEX has to invite you and no one knows the requirements to get said invitation. The grand daddy of the premium card is the American Express Centurion card. Exclusivity? Luxury? Benefits? Perks? For a while, these cards offered all of these. What do you think of when you hear the phrase premium credit card.