The Citi Prestige Credit Card is considered one of the best travel rewards cards on the market right now. With its trip delay, lost baggage and price protections, it’s a must-have product for any respected traveler. Unfortunately, some of these important benefits are being downgraded July 29, according to the Doctor of Credit, and here’s a rundown on what exactly is changing.
Trip Delay to Change from Three Hours to Six
The trip delay benefit on the Citi Prestige Card has outshined a similar perk on most other credit cards. The fact that you can receive compensation for a delayed flight after just three hours has been an incredible benefit. Unfortunately, effective July 29, the delay benefit won’t kick in until a flight is delayed by at least six hours, which is on par with the card’s competitor Chase Sapphire Reserve.
Additionally, the benefit will no longer cover everybody in the traveling party. Coverage will extend to traveling family members only. Same family policy will apply to trip cancelation and interruption protection as well as to lost luggage protection.
Price Rewind to Lower Coverage Caps
Citi’s price protection benefit, also known as the Price Rewind, offers a price difference refund on purchased items that drop in price within 60 days of purchase. The benefit will decrease its price protection coverage from $500 per claim to $200 per claim and from $2,500 per year to $1,000 per calendar year.
Worldwide Car Rental Insurance to Lower Coverage Cap
If you rent a car with your Citi Prestige Card and get in an accident or the vehicle is stolen, Citi will cover the cost of repairs or the cost of the car up to $100,000. This maximum coverage cap will drop to $75,000.
Damage & Theft Purchase Protection to Become Secondary
When you purchase an item with the Citi Prestige and it’s either damaged or stolen within 120 days (90 days for New York residents), Citi will repair or reimburse you for the cost of the item up to $10,000 per item or $50,000 per calendar year. This coverage will be limited to the first 90 days since the date of purchase and will become secondary, which means your home insurance or another kind of insurance will have to be exhausted first.
90 Day Return Protection
If you want to return a purchase within 90 days of buying it but the seller won’t accept it for any reason, Citi will refund you the cost up to $500 per claim or $2,500 per calendar year. This benefit is lowering its yearly coverage cap to $1,500.
Points and miles are great, but ancillary credit-card benefits are just as important. Who else will help you if your luggage is lost on the way to the destination, your car runs out of gas or your shiny new iPhone is stolen? The 4th Night Free benefit and the $250 air travel credit still make the Citi Prestige competitive, but the aforementioned changes aren’t welcome, and losing these great card features can make the card lose its appeal.
Please share your thoughts on the soon-to-be-downgraded benefits of the Citi Prestige Card in the comments.