I’m sure many of you have already heard about this new development. But if you are like my cousin-in-law who only follows this blog, you may find this information relevant. As reported on Onemileatatime, the sign-up bonus on Citi Prestige will change next Tuesday. I trust that info to be reliable based on previous experiences.
What changes are in store? No way to know for sure, but I have a pretty good guess. I have no reason to believe that Citi will increase the sign-up bonus. Remember, it used to be 30,000 points, and within the last year or so they have raised it to current level of 50,000 points. The card is fairly popular, so I can’t imagine that Citi would be desperate to sweeten the pot any further.
I predict that the bonus will be lowered to 40,000 or possibly 30,000 points. I could be completely wrong, of course. Citi may end up increasing it to 60,000 points. But based on what happened to Citi Thank You Premier card, I wouldn’t bet on it. If you are a new reader, Citi Thank You Premier used to come with 50,000 points sign-up bonus. Then it got lowered to 40,000 points and eventually disappeared altogether.
So, based on this history, I tend to think Citi Prestige will undergo similar negative changes. I just wrote a post on this card which you may want to read Is it crazy for an average Joe to consider Citi Prestige? It will hopefully answer your questions on why this bonus is a very good deal even for a regular family.
Should you go for it? Only you can decide. I write for normal folks who (presumably) don’t have a lot in a savings account. I would never tell someone to create a hardship on their family by sinking $450 upfront. That said, if you can swing it, I strongly recommend you at least consider it. If the offer does get decreased to 30,000 points, you will miss out on at least $200 in gift cards or $320 worth of flights on American Airlines.
It’s hard to say when/if the current offer will come back if this new development materializes. I’m not eligible for this bonus, but if I were, I can honestly say that I would apply for it before next Tuesday. Well, if I could meet minimum spending requirements. If Citi ends up increasing the offer, you should have a decent shot at getting them to match it. No guarantees, but most folks have been successful in this regard.
Citi Prestige does pay me commission, so if you are planning on applying, consider supporting this blog. Be aware, you may be able to apply for Citi Prestige and get an annual fee of $350 (instead of $450) if you go to Citi branch. I don’t live near one, but if you do, it’s worth checking out.
Feel free to ask me any questions on this or any other card.
(Hat tip to Doctorofcredit for bringing this to my attention)
Leana is the owner and founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.