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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.
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.