Posted by William Charles on January 18, 2015
Credit Cards

Published on January 18th, 2015 | by William Charles

5

Citi Prestige 50,000 ThankYou Points After $3,000 In Spend

The Offer

Citibank lets you check for pre-qualified credit card offers, after they display your pre-qualified offers they also show you some cards you might be interested in. At the moment some people are seeing a higher Citi Prestige sign up bonus when they check for pre-approvals, here is that offer:

  • Receive 50,000 ThankYou points after you spend $3,000 within three months

citi prestige

 

 

The Fine Print

  • Annual fee of $450 is not waived on this card
  • $250 airline credit every year
  • Free access to American Airlines Admirals Club lounges
  • Earns at the following rates:
    • 3x points on Air Travel & Hotels
    • 2x points on Dining at restaurants & entertainment
    • 1x points on all other purchases
  • Citi Prestige Global Concierge
  • Receive a $100 Global Entry application fee credit.

Our Verdict

The airline credit is based on a calendar year, so it would be possible to get two of these airline credit and only pay one annual fee. They fine print does say that you should allow 1-2 statement periods for your credit to post though, so I wouldn’t recommend applying for this card in January if this is your plan. The standard bonus on this card is 30,000 ThankYou points after $2,000 in spend.

ThankYou points are worth 1¢ a piece when you redeem for gift cards or for a checking towards your mortgage payment or student loans. If you redeem for a personal check or statement credit then points are only worth 0.5¢ a piece.

You can also redeem your points for airfare, if you redeem them for U.S Airways or American Airline flights these points are worth 1.6¢ a piece (h/t to Freequent Flyer for making me aware of this bonus). If you redeem them for flights with any other airline then they are worth 1.33¢ a piece. You can also transfer points to their travel partners:

Hotel:

  • Hilton: 1:1.5 transfer (e.g 1,000 ThankYou points = 1,500 Hilton points)

Airlines:

All of the airline programs have a 1:1 transfer rate. This means that you’ll receive 1,000 airline miles if you exchange 1,000 Citi ThankYou points.

  • AirFrance-KLM Flying Blue
  • Asia Miles
  • EVA Air Infinity MileageLands
  • Etihad Guest
  • Garuda Indonesia Frequent Flyer
  • Malaysia Airlines Enrich
  • Qatar Airways Privilege Club
  • Singapore Airlines KrisFlyer
  • Thai Airways Royal Orchid Plus

This is a pretty good offer, my plan is to wait a few months and hope that this offer is active if it is then I’ll be able to use two $250 airline credits to try to help offset the high annual fee of $450. I don’t think this card provides great value unless you’re able to double dip on those airline credits.

Remember that you need to check for pre-qualified offers with Citi first to see this offer (this is only a soft pull) and not everybody will be able to see it.

Useful Posts About Citi: 

Hat tip to kevmmcb from Milepoint



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My offer from the pre-qualify site is 20K points first year, 30K the second. I’ll pass.

Can I get the Prestige if I already have the Premier?

Can you please opine on whether one can get $1,350 out of this signup bonus? Everything I read makes sense – I just want to sanity check that I am not missing something that would make this worth less. source: (link removed)

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