TL;DR: A premium credit card with refreshing benefits that is headlined by the amazing “4th night free” reward. This is the card for you if you’re looking for an all-around travel card that packs a special punch in the hotel category.
TL;DR: A premium credit card with refreshing benefits that is headlined by the amazing “4th night free” reward. This is the card for you if you’re looking for an all-around travel card that packs a special punch in the hotel category.
This innovative card combines traditional travel benefits with fresh new perks.
The Citi Prestige Visa is an innovative travel rewards credit card that competes head-to-head with other heavyweights such as the American Express Platinum and the Chase Sapphire Reserve.
Headlining the long list of benefits on this card is the famed “Citi Prestige 4th Night Free” bonus which provides value that is unmatched by any of its competitors. With Citibank, you can rest assured that you have the backing of a massive financial institution, and the flexibility of Visa’s payment network.
Read on to learn more about how to earn/redeem points as well as the other perks that come with this premium credit card.
Before we get into the detail of the different ways you can earn Citi ThankYou points, we want to first clarify how much a ThankYou point is worth.
Based on our research, we value a Citi ThankYou point at 1.6 cents. That means if you spend a dollar to earn a rewards point, then you are essentially getting 1.6% of value back.
Here are the different ways you can earn points:
1 rewards point per dollar spent on everyday purchases (ie. you’re getting 1.6% of your spend back in ThankYou points value).
2 reward points per dollar spent on entertainment such as going to the movies or eating out (ie. you’re getting 3.2% of your spend back in ThankYou points value). This will be valid until August 31, 2019 at which point the category will be removed and all “entertainment” dollars will count as normal everyday spend.
3 rewards points per dollar spent for hotels and cruise lines (ie. you’re getting 4.8% of your spend back in ThankYou points value).
5 reward points per dollar spent on airlines, travel agencies and restaurants (ie. you’re getting 8% of your spend back in ThankYou points value). This is unbelievable value, and a good move by Citi to try and secure your airfare and dining spend.
Citi ThankYou points offer redemption flexibility directly with Citi as well as a strong collection of transfer partners.
The most popular redemption options are below:
Cash Back Redemption: You can redeem your rewards points for a statement credit at a conversion rate of 0.5 cents per point. This means if you redeem 1,000 points you will get $5 back. This is not a good value for your points so we do not recommend using this even though it’s the simplest redemption option.
Gift Card Redemption: You can redeem your ThankYou points for gift cards at a conversion rate of 1.0 cent per point. This means if you redeem 1,000 points you will get a $10 gift card. This option gives a reasonable rate of return, but is still not the best use of your points.
Airfare and Hotels: You can redeem your ThankYou points for on flights and hotels at a rate of 1.0 cent per point through Citi’ Rewards Portal. This means if you redeem 1,000 points you will get a $10 back in travel rewards. Compared to the other premium cards in this segment this redemption value is weak for this category.
Transfers to Partner Programs: As previously mentioned, we value a City ThankYou point at 1.6 cents. The best way to get at least that value is to transfer your rewards points to one of Citi’s partner programs. Transferring to partner programs can get you over 1.6 cents back per ThankYou point depending on what you are booking. This redemption option takes a bit of research, but is well worth the effort if you’re looking to redeem your points for long-haul flights.
The best partner programs are:
Click here for a full list of partner programs.
The Citi Prestige Visa comes with many of the perks you would expect from a premium travel card, and adds in innovative offerings that are hard to find with other credit cards.
Our favorite benefits of the Citi Prestige include:
For a full list of all benefits click here.