Citi Prestige® Card or Citi Premier® Card?
Check the benefits of these two cards from Citibank and discover which is better for you. There are many factors to consider, so see how they compare below.
Citi Prestige® Card vs. Citi Premier® Card: compare their features and see which comes out on top!
In this post, we’ll compare the Citi Prestige® Card and the Citi Premier® Card to help you make the best decision for your financial needs.
Citibank credit cards are popular for a good reason – they offer some of the best rewards and benefits of any card issuer.
But with so many different options to choose from, narrowing down the best choices can be tough.
Both the Citi Prestige® Card and Citi Premier® Card offer a wide range of benefits and features that cardholders can take advantage of.
While the Prestige® Card has a higher rewards rate, it also comes with a much higher annual fee. Meanwhile, the Premier® Card has a more generous intro offer than its counterpart.
Either way, the Citi Prestige® Card and the Citi Premier® Card are great choices for those who want to earn points on their everyday purchases.
In this comparison, we’ll highlight their main features and everything they have to offer. That way, you can make a choice that makes sense to your spending habits and lifestyle.
So keep reading to learn all you need to know about these cards.
Citi Prestige® Card: features, pros and cons
The Citi Prestige® Card is great for people who travel a lot. With this card, you can earn points that can be redeemed for travel expenses like airfare and hotels.
You also get access to exclusive benefits, such as complimentary hotel nights and airport lounge access.
The card comes with a hefty annual fee of $495 and no introductory APR offer. The standard APR for this card varies according to your creditworthiness and ranges between 16.99% and 23.99%.
However, you can make the most value of the Citi Prestige® Card by earning points in your purchases.
New cardholders get 50,000 ThankYou® Points once they spend over $4,000 within the first 120 days from account opening.
That is worth about $500 in travel expenses. As for cash back, the card also has a great return rate.
With the Citi Prestige®, you’ll get 5 points for every dollar you spend on travel and at restaurants. 3 points for dollars spent on hotels and cruises.
Plus, 1 point for everything else you buy. The points don’t expire as long as your account is active, and they are easily redeemable.
You can either redeem them in statement credit, direct deposit, gift cards, or make a donation to the charity of your choice.
If you’d like, you can also transfer them to selected airline programs. Check more of the pros and cons below so you can decide whether the Citi Prestige® Card or Citi Premier® Card is best for you.
You will be redirected to another website
- There’s a great welcome bonus offer for new cardholders, which can help you pay for travel expenses;
- Amazing and easily redeemable cash back rates for purchases you make almost every day;
- You can get up to $250 in travel credit each year;
- Complimentary access to over 1000 VIP airport lounges worldwide;
- Win a 4th night complimentary stay at the hotel of your choice after 4 night bookings through their ThankYou program.
- To become eligible for this card, you need to have an excellent credit score. Anything below 750 hurts your chances of approval;
- There’s a pretty steep annual fee. If you don’t travel much or can’t take advantage of its travel rewards, it may not be worth applying for it.
Citi Premier® Card: features, pros and cons
The Citi Premier® Card is a great choice for anyone looking for a rewards card with flexible redemption options.
With this card, you’ll earn points on every purchase, which can be redeemed for travel, cash back, gift cards, and more. You can also transfer all points to a partnered airline program.
The card comes with a $95 annual fee and no 0% introductory APR. Your annual purchase rate will vary according to your financial profile and it can be anywhere between 18.24% and 26.24%.
But if you manage to prioritize this card on your spending and pay your balance in full each month, you’ll have a grand time as a cardholder.
Citi offers all new card members a great welcome bonus of 80,000 ThankYou® Points so long as they meet the eligible requirements. That is, $4,000 in purchases within the first 120 days of account opening.
The Citi Premier® Card is a great companion for traveling. One because it has no foreign transaction fee. Two, because its higher rewards rate involves travel expenses as well as dining.
And that’s not all. You’ll also earn the higher rate for spending at U.S. supermarkets and gas stations. Plus, 1 point per dollar on everything else you purchase.
Check the pros and cons of this card below to see how it stacks up against its competitor.
That way you can make a definite choice as to whether the Citi Prestige® Card or Citi Premier® Card are more financially beneficial to you.
- The card has one of the most generous welcome offers available in the market. Its 80,000 ThankYou points are worth over $800 in gift cards;
- You’ll earn a fantastic rewards rate on things you purchase frequently, like groceries and gas. If you travel often, you’ll make great value as well;
- You can take this card anywhere in the world with you and make purchases without having to worry about paying extra fees.
- You need at least a good credit score to apply for this card. Anything below the 700 mark disqualifies you for it;
- Although not uncommon, you’ll have to pay an annual fee to own the card;
- There’s no current introductory 0% APR offer, so the card is not suitable for balance transfers. Plus, it’s important to pay your balance in full every month to avoid high interests.
Citi Prestige® Card or Citi Premier® Card: which should you choose?
Now begs the question: which card is better overall? The Citi Prestige® Card or Citi Premier® Card? Ultimately, it all depends on your spending habits and what you’re looking for in a new credit card.
If you’re a jetsetter, the Citi Prestige® Card is definitely the way to go. With perks like free airport lounge access and a 4th night free hotel benefit, you’ll be racking up the savings in no time.
Plus, with Citi ThankYou® Points that can be transferred to 15 different airlines, you’ll have plenty of options when it comes to redeeming your rewards.
But if you’re looking for a card that will help you save on everyday purchases, the Citi Premier® Card is a great choice.
With 3x points on travel, dining and supermarkets and 1x points on all other purchases, you’ll be racking up the rewards in no time. Plus, you’ll have plenty of options when it comes to redeeming your rewards.
So, whether you’re a globetrotter or just looking for a way to save on everyday purchases, the Citi Prestige® Card and the Citi Premier® Card are both top choices.
And if you’d like a third option before making a final decision, we have another Citi card ready for you. With the Citi® Double Cash Card, you’ll get a simple and straightforward cash back rewards program.
Plus, there’s no annual fee and a generous 0% APR period. So follow the link below if you want to learn more details about this card!
About the author / Aline Barbosa
Capitec Credit Card review: Free travel insurance
Looking for a high credit limit and earning interest on a positive balance? Check out this Capitec Credit Card review!Keep Reading
How to get your U.S. Bank Visa® Platinum Card
Learn how the U.S. Bank Visa® Platinum Card application works with the help of our quick guide and get your card in under a few minutes!Keep Reading
You may also like
Applying for SpeedyNetLoan: Find just the right loan for your needs with this application
In this SpeedyNetLoan application guide, you will learn how to use this tool to start getting multiple loan offers within minutes.Keep Reading
Capital One Venture Rewards credit card review
The Capital One Venture Rewards credit card earns you 2 miles for every dollar you spend on purchases. Plus a 75,000 miles welcome bonus.Keep Reading
Bank of America® Unlimited Cash Rewards Secured review
Looking to earn cashback on all purchases a pay no annual fee? Check out this Bank of America® Unlimited Cash Rewards Secured review.Keep Reading