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Citi Prestige Admiral’s Club Access Over
Over the past couple of days Citi made a huge change to their credit card bonus rules. Specifically, they now restrict bonuses per product family. Additionally, another big change is coming to Citi’s premium Prestige card on August 31, 2016. This change will significantly impact the value of the card. Does it make sense to apply now?
No More Admiral’s Club for New Applicants
Last month Citi announced major changes coming to the Prestige card in 2017. Among them is a reduction in the value of airfare redemptions, the elimination of the free golf benefit, a change in the 4th night free benefit and the elimination of Admiral’s Club Access. Those changes take place on July 23, 2017 for current cardholders. But, there is a huge caveat.
If you apply and are approved for the Citi Prestige card on September 1 or after, you WILL NOT get Admiral’s Club access at all. So basically it works like this:
- Apply now through August 31 and get Admiral’s Club access through July 23, 2017.
- Apply September 1, and after and do not get any Admiral’s Club access.
In case you were wondering, the annual fee is the same at $450 either way.
The best offer right now for the Citi Prestige card is the public offer of 40,000 ThankYou points after $4K spend in three months. It comes with a $450 annual fee that is not waived the first year. You may be able to get a $350 annual fee if you apply in-branch. The lower fee is reserved for Citigold clients, however many people have reported getting the lower fee on in-branch applications.
Keep in mind that Citi has already removed any reference to Admiral’s Club access from the Prestige application. If that bothers you, then you might want to confirm with them directly that your pre-September 1 application includes it.
Are You Eligible?
Under Citi’s new bonus rules you are eligible to get a bonus on the Citi Prestige if you have not opened or closed a Prestige, ThankYou Preferred or ThankYou Premier card in the past 24 months. If you have, then you would not be eligible for the bonus.
Should You Apply?
If you are eyeing this card and have yet to apply, I would say now is the time. After August 31 you will pay the same for the card and lose one huge benefit. In other words, the card won’t be as valuable as it is today. Remember too that the card does have some unique benefits:
- $250 annual airfare credit per calendar year.
- 4th night free.
- 3 free rounds of golf in 2016 & 2017 before the benefit is eliminated.
- Priority pass membership with two free guests.
- 1.6 cent per point airfare redemptions on American Airlines and 1.33 cents on other airlines through July, 2017 (when it dropes to 1.25 cents per point.)
Hopefully everyone who wanted this card was able to get it when the bonus was 50K. If you didn’t get it then, now is probably the last chance to get the best possible value from the Citi Prestige. Given Citi’s lack of overall bonuses lately and their tightening of benefits, I don’t expect them to raise the bonus on this card any time soon, but who knows.
Are you going to throw in a last minute application for the Prestige or is this once glorious card just too devalued to look at?
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.