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Over the past few weeks there have been rumors circulating that the Citi Prestige card is being pulled on August 18th, 2018. These rumors have ranged from a total cancellation to just recently, with a confirmation from Citi, that the Prestige was not being cancelled, but rather retooled. Whatever that means.
In terms of Citi Thank You cards, I currently hold a Citi Prestige and a Citi Preferred card ( downgraded from a Citi Premier when I picked up my Prestige). I haven’t applied or cancelled a Citi Thank You card in the past 24 months so I qualify for the new Citi Thank You Premier 60k offer, but I’m holding off.
Why?
We have no idea what the new Prestige may be. It could warrant a product change from the current version I have, or depending on the welcome offer and benefits, I may be inclined to sign up again if it’s considered a different product, or downgrade my current Prestige to a Premier, enjoy those benefits, and submit an entirely independent application for the new Citi Prestige or whatever they may call it. We’ll know sooner than later, and I’m in no rush to apply, but that’s my thinking.
Citi imposes restrictions on sign up bonuses to once per card family per 24 months. We have such limit information, but historically, Citi went as high as a 75k public offer on the Prestige. I’d like to see what may be happening before pulling any triggers.
Want to know about Citi application rules? Check out this post where we go into detail.
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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