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Citi Prestige Retention Offer after new benefits
I picked up my Citi Prestige last year and have been very pleased with it thus far. When I signed up I was CitiGold ( through a fantastic 50k AA offer) and the fee was reduced to just $350. I weighed the costs and benefits of keeping the card a 2nd year in early June – if you’re weighing the decision it’s worth checking out. With the new benefits just being announced, I didn’t know whether Citi would still offer retention bonuses. I figured I’d wait and confirm my annual fee in one fell swoop. I received an email from Citi yesterday morning confirming the new benefits and called in afterwards to see if I had any retention offers attached to my account. Here’s my Citi Prestige Retention Offer after the new benefits have been announced:
If you’re unfamiliar with the new benefits:
- New Metal Card
- 4th Night Free Benefit is Changed
- Can book online with discount taken at checkout
- Taxes not included
- Can still book via Citi Concierge
- Thank You Cash back increases to $0.01
Annual Fee Confirmation
- 37 days from the time the fee hits to get the fee back
- $350 will be my fee because of my Citi Priority Status
Offers:
- $200 statement credit after $4k each month for 3 months
- $50 statement credit after $1500 after 7 months
- 1 point for everything for 6 months max at 50k
- lower apr 11.74% or balance
I took the extra point for 6 months
Confirming my annual fee of $350 and earning another point on all spend was enough to see the deal for me. This is what my earn structure will look like:
- 4x points on Air Travel and Hotels
- 3x points on dining and entertainment ( Freedom is still better)
- 2x points on everything else
My strategy right now is to keep the card for another year. At that point, I’ll have gone two years without signing up for any Citi Thank You cards and will be eligible for a new card sign up bonus. Depending on the public offers, I’ll either pull the trigger for Citi Premier, or downgrade the Citi Prestige and reapply.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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