Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
- Swapping AMEX for Citi: Bye Platinum, Hello Prestige? And Bye, EveryDay Preferred, Hello ThankYou Premier?
- Citi Prestige: No Luck Getting a $350 Annual Fee In-Branch, and Why to Apply ASAP
I just had 3 rum and cokes and bit the bullet.
I’m now the proud owner of a Citi Prestige card.
I was worried about not being instantly approved online because I’ve heard that lots of folks with perfectly good credit have had their applications “denied,” then approved after a few days of waiting, which sounds stress-y.
So, a bit drunkenly but full of courage, I approached the Citi Prestige application.
In This Post
My experience applying for Citi Prestige
I decided to just do it, unsure of what to expect.
The approval screen popped up. Instantly approved with a $19K limit! I’m beyond excited!
I clicked through a few more screens, and confirmed the annual fee of $450. Which I’m OK with considering it’s not possible to lock in the $350 annual fee any more.
A few minutes later, I got an email confirming the info and telling me to look out for a FedEx shipment within 3 days.
I’m honestly so excited. I’ll use the $250 airline credit right away because it’ll reset next month. Then I’ll get another $250 to use, for a total of $500. That already more than covers the $450 annual fee.
And, I’ll use the 4th night free perk like a mofo.
Now that I’ve taken the plunge, I’m already seeing the possibilities with this card.
The 50,000 Citi ThankYou point sign-up bonus is worth at least $800 on American Airlines flights alone! That’s because each Citi ThankYou point is worth 1.6 cents each when you redeem for American Airlines flights – even codeshare flights!
And overall, I’m excited about learning about a new program and maximizing the perks. Bring it on!
Bye, AMEX Plat!
Now that this deal is done, it’s time to say goodbye to the AMEX Platinum Card.
I can’t have 2 cards with a $450 annual fee, and at this point Citi Prestige is worth more and will get me more benefits than the AMEX Platinum Card.
I’m also going to go ahead and downgrade my EveryDay Preferred to an regular no annual fee EveryDay card to keep my points alive and transferable. So, pretty much, goodbye AMEX. It’s been real (and actually not that great if I’m being honest).
What it all means
Citi is making huge strides recently, and it’s time I took notice.
AMEX, to me, is a floundering brand that isn’t trying any more. That leaves Chase and Citi as the heavy hitters in the credit card points space.
It’ll be interesting to watch them compete (because when banks compete, you win!).
I’ll lose 4.5X AMEX Membership Rewards points at grocery stores, but meh, I buy most things from Costco anyway. And they’re switching to Visa in March 2016. So the AMEX thing wouldn’t last anyway.
Interesting developments are happening, and I’m excited to start using Citi Prestige, its ThankYou points system, and the many perks it has.
Whatever glitch was causing peeps to get kicked out of Citi Prestige applications seems to be fixed. I was instantly approved with a pretty high limit instantly online.
Because you probably shouldn’t hold out for a reduced annual fee, 50,000 Citi ThankYou points online might be as good as it’s going to get for the time being.
Which is fine because you can recoup $500 in airline credits nearly right away.
I was nervous about applying, but I shouldn’t have been. And now I’m looking forward to getting rid of/downgrading my AMEX cards and moving into a Chase/Citi combo for the bulk of my spending (with a little Fidelity AMEX and Discover It thrown in for good measure).
If you decide to sign-up for this card, thank you thank you for clicking through my links!
Would love to hear opinions about Citi Prestige – does it hold the same allure to you as it did (does) for me?* If you liked this post, consider signing up to receive free blog posts in an RSS reader and you’ll never miss an update! And thanks for using my links to apply for new card offers!
Out and Out has partnered with CardRatings for our coverage of credit card products. Out and Out and CardRatings may receive a commission from card issuers.
- Track your net worth with Personal Capital. Get a $20 Amazon gift card when you link an investment account
- Start a blog and learn how to monetize it
- Get a travel rewards card to earn points or miles
- Open a SoFi Money account to distribute your funds and get a $75 bonus - it's the best checking account out there right now (here's my review)
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.