This. I've been a PC holder in other countries and the benefits are generally better while the card cost is lower (about half in Scandinavia compared to HK!). I may persuade a family member to get the card and make me a supplementary card holder (which I believe entitles you to some benefits like Centurion Lounge access).

I never dine at the Grand Hyatt - going there would be because I held the card, so not really a benefit for me. The biggest benefits for me would be the Priority Pass + Guest, FHR, and possibly the hotel memberships if I ever find myself in a situation where I won't be able to keep top status with my brands of choice through stays/nights. But that's hardly worth $7,800. With the 4th Night Free benefit, the Citi Prestige remains a superior card for my needs.

Seems like in HK this card is geared more towards people who like the status symbol of having a metal Amex in their wallet and don't mind (are rich enough) to pay nearly $8k for it. Correct me if I'm wrong..