{"id":13,"date":"2021-05-11T17:41:00","date_gmt":"2021-05-11T17:41:00","guid":{"rendered":"http:\/\/lpaste.net.test\/?p=13"},"modified":"2021-11-03T06:31:44","modified_gmt":"2021-11-03T06:31:44","slug":"citi-prestige-credit-card-review","status":"publish","type":"post","link":"http:\/\/lpaste.net.test\/citi-prestige-credit-card-review\/","title":{"rendered":"Citi Prestige Credit Card Review"},"content":{"rendered":"\n

Citi Prestige credit cards have been very competitive luxury travel cards over the years. However, the company recently relaunched most of its products, including the Citi Prestige credit card, and people are having mixed opinions about it. Here is a comprehensive breakdown of all the facts that matter to form an educated opinion on the brand.<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

The card offers a bonus of 50,000 points to all new users who spend at least $4,000 in their first three months after getting the card. The points are redeemable for a significant amount of benefits. Still, one might say that this is a well-orchestrated plan to entice new users into using a large percentage of their credit as soon as possible. What do you think?<\/p>\n\n\n\n

Annual Travel Bonus<\/strong><\/h3>\n\n\n\n

The Citi Prestige card offers a $250 credit, and all users are eligible as long as they are making travel purchases. Like every other credit card worth its salt, Citi Prestige also provides its cardholders with Priority Pass membership. The Citi Prestige Priority Pass has over 100 airport lounges that will be accessible to you as their customer. You get to enjoy $100 credit once in five years that goes towards your Global Entry, and TSA Precheck<\/a> needs. Every cardholder is also eligible for a free 4th<\/sup> night on any hotel two times a year, courtesy of Citi Prestige.<\/p>\n\n\n\n

Reward Rates<\/strong><\/h3>\n\n\n\n

You get to enjoy five points on the dollar on air travel and restaurants, three points on the dollar on cruise companies and hotels, and one point on the dollar on any other purchases paid with your Citi Prestige credit card. These rates could be higher, but they are pretty good compared to similar credit cards. Another great option in this category is Chase Freedom<\/a> and Fortiva Credit Card<\/a>. Click the link to read the details review from our fellow financial bloggers at Credit Optimal<\/a>.<\/p>\n\n\n\n

Annual Fees and APR<\/strong><\/h3>\n\n\n\n

The Citi Prestige credit card charges annual fees of $495. That may very well be the highest figure we have seen on a credit card’s annual fees. The perks and bonuses that the card offers can justify this amount, but it is essential to remember this when you are making credit card applications. If you are not endowed with deep pockets, you might do yourself some service by steering clear of this credit card.<\/p>\n\n\n\n

Cardholders can add authorized users to their cards at a fee of $75. your authorized users will enjoy some of the perks that come with owning a credit card from Citi Prestige as well.<\/p>\n\n\n\n

The APR, on the other hand, isn’t too bad compared to its counterparts. Users enjoy rates of between 16% and 25%, depending on your credit score and other factors determined by the company. It might not be too hard to make timely payments on the APR without breaking the bank, but we do not know about that annual fee.<\/p>\n\n\n\n

Benefits of the Citi Prestige Card<\/strong><\/h3>\n\n\n\n