Citi Prestige Retention Offer after new benefits

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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.