Jul 25, 2016, 12:23 pm
Last edit by: oopl
7/16: New changes that will take effect on 7/23.
1. The following benefits will be changed effective July 23, 2017:
- Loss of AA Admirals Club Access (Effectively immediately if the account is opened on or after 09/01/2016. See Post 296.
- $0.0125 per each TY points for airfare redemptions at thankyou.com.
- Loss of Complimentary International & Domestic Golf
- 4th Night benefit will be based on the average nightly rate of your complete stay for reservations made on or after July 23, 2017. Taxes will no longer be included within the statement credit.
2. $100 Annual Fee Reduction will be extended to Citi Priority if you are currently a Citigold client and you are impacted by the increase in minimum balance and downgrade.
- 4th night free bookable online at thankyou.com (benefit applied as discount at checkout)
- Cash out TY at 1 cpp
- metal card
- 75,000 TY for $7,500 spend signup bonus
1. The following benefits will be changed effective July 23, 2017:
- Loss of AA Admirals Club Access (Effectively immediately if the account is opened on or after 09/01/2016. See Post 296.
- $0.0125 per each TY points for airfare redemptions at thankyou.com.
- Loss of Complimentary International & Domestic Golf
- 4th Night benefit will be based on the average nightly rate of your complete stay for reservations made on or after July 23, 2017. Taxes will no longer be included within the statement credit.
2. $100 Annual Fee Reduction will be extended to Citi Priority if you are currently a Citigold client and you are impacted by the increase in minimum balance and downgrade.
Citi Prestige benefit and reward changes effective July 23, 2017
Jul 16, 2017, 8:51 pm
#571
Join Date: Sep 2013
Posts: 401
4 nights at $100 each = $400.
Pay with points? 30,000
Pay with cash? $300 (after instant 4th night rebate which is calculated and credited immediately upon booking/payment)
Jul 16, 2017, 11:03 pm
#572
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,980
TPG has it wrong and you would actually value them at 1cpp. Why? Because even if you paid cash, you'd still get that fourth night free.
4 nights at $100 each = $400.
Pay with points? 30,000
Pay with cash? $300 (after instant 4th night rebate which is calculated and credited immediately upon booking/payment)
4 nights at $100 each = $400.
Pay with points? 30,000
Pay with cash? $300 (after instant 4th night rebate which is calculated and credited immediately upon booking/payment)
Jul 17, 2017, 2:31 am
#573
Join Date: Sep 2013
Posts: 401
I agree the CSR is superior though.
Jul 17, 2017, 5:48 am
#574
Join Date: Jul 2010
Location: PHL
Programs: Hyatt Globalist, Hilton Diamond, AA Gold, FB Gold, ITA Volare Executive
Posts: 3,294
As others have surmised, no new benefits - - only enhancements.
In less than a week, I will lose about $2,700 in value with the loss of the 1.6 Cent AA TY point devaluation. I used as many TY points as I could in anticipation of the change, but there were only so many flights that I could book.
The card will go in the sock drawer to be used for 4th night free hotel stays only.
In less than a week, I will lose about $2,700 in value with the loss of the 1.6 Cent AA TY point devaluation. I used as many TY points as I could in anticipation of the change, but there were only so many flights that I could book.
The card will go in the sock drawer to be used for 4th night free hotel stays only.
Jul 17, 2017, 8:13 am
#575
Join Date: May 2013
Posts: 378
TPG has it wrong and you would actually value them at 1cpp. Why? Because even if you paid cash, you'd still get that fourth night free.
4 nights at $100 each = $400.
Pay with points? 30,000
Pay with cash? $300 (after instant 4th night rebate which is calculated and credited immediately upon booking/payment)
4 nights at $100 each = $400.
Pay with points? 30,000
Pay with cash? $300 (after instant 4th night rebate which is calculated and credited immediately upon booking/payment)
Jul 17, 2017, 9:22 am
#576
Join Date: Jun 2005
Location: DCA
Programs: AA PPro, Mariott Ambassador, B6 Mosaic, SBUX Gold, Best Buy Elite
Posts: 1,838
Big question in my mind if is you will be required to book via thankyou.com, if so you likely won't earn points and elite benefits, which in my mind greatly eliminates the value in my mind.
Personally I think the current model was unsustainable given the way people booked rooms using corporate codes and other discounts, but none the less without it I probably will cancel after taking my statement credit for travel in Jan.
Personally I think the current model was unsustainable given the way people booked rooms using corporate codes and other discounts, but none the less without it I probably will cancel after taking my statement credit for travel in Jan.
Jul 17, 2017, 9:37 am
#577
Join Date: Oct 2014
Location: PHL
Posts: 226
...we will still be able to book discount rates, we will still earn hotel points on our stays, and we will still receive elite status benefits as long as we dont book online.
While you can use the online booking option if you choose, the Citi Prestige Concierge phone booking option will remain exactly as before: the fourth night will be billed to your card and itll come back as a statement credit.
...simply use the Citi Prestige Concierge booking method over the phone, and everything will run exactly as before.
...simply use the Citi Prestige Concierge booking method over the phone, and everything will run exactly as before.
Jul 17, 2017, 9:46 am
#578
Join Date: Jun 2014
Location: TPA
Programs: BA Silver; Hilton Gold; IHG Diamond Ambassador; Marriott Gold
Posts: 2,811
Jul 17, 2017, 10:59 am
#580
Ambassador: Alaska Airlines
Join Date: Nov 2008
Location: BWI
Posts: 7,390
Golfingboy, they totally gave away the farm with their Costco card. I can't help but think that they would have been better served seeking exclusive contracts with Hilton or AA. Let AmEx keep the Costco account. As someone who frequents Costco, I certainly have no desire of getting a Citi Costco card, as I have plenty of Visa cards in my wallet.
All the more reason why I am dumbfounded that they are not trying to be more aggressive with retaining Presitge cardholders by attracting a more diverse set of benefits with real value like AMEX Platinum and CSR. Kind of surprising that the 8th largest bank in the World (market cap) can't compete on the same level.
Jul 17, 2017, 11:12 am
#581
Join Date: Jan 2016
Programs: AA, Hyatt, Marriott, Hilton
Posts: 501
what a lackluster offering. At least an increased 1.33 or 1.5 or 1.6 redemption towards 4th night free, or a few admirals club lounge passes, might have helped soften the blow.
I still only pay net $100, and I still will get use of the 4th night free benefit, but have no idea what to do with my points now. (burned through most, only around 50k now)
Jul 17, 2017, 11:25 am
#582
Original Member
Join Date: May 1998
Location: NYC
Programs: AA 2MM, Bonvoy LTT, Hilton Diamond
Posts: 14,639
Just got email from Citi
We're writing to inform you of changes to your Citi PrestigeŽ Card as of July 23, 2017.
As a valued cardmember, we want to introduce you to the exciting new benefits of your Citi PrestigeŽ card.
A new card
You'll be receiving a first release Citi PrestigeŽ metal card in the coming months. Please activate your new card immediately upon receipt. Your account number will be identical; however, your CVV and expiration date will change.
Your complimentary 4th night benefit has been updated
You can now take advantage of your complimentary 4th night benefit through thankyou.com! You can also redeem ThankYouŽ Points for all or part of your stay and get a complimentary 4th night. The complimentary 4th night savings will be applied at checkout; you'll no longer have to wait to receive a statement credit when you book at thankyou.com.
The complimentary 4th night benefit will be calculated based on the average nightly rate of your complete stay. Taxes will no longer be included within the statement credit. You'll still be able to enjoy your benefit at any hotel with no restrictions on the number of times you can use this benefit.
Redeeming ThankYou Points for cash rewards
You'll receive greater value for cash reward redemptions with ThankYou Points. For example, previously you could redeem 50,000 ThankYou Points for $250. As of July 23rd, 50,000 points will be redeemable for $500. There's no annual dollar cap or limit to the number of cash redemptions you make. All cash redemptions are final.
As a valued cardmember, we want to introduce you to the exciting new benefits of your Citi PrestigeŽ card.
A new card
You'll be receiving a first release Citi PrestigeŽ metal card in the coming months. Please activate your new card immediately upon receipt. Your account number will be identical; however, your CVV and expiration date will change.
Your complimentary 4th night benefit has been updated
You can now take advantage of your complimentary 4th night benefit through thankyou.com! You can also redeem ThankYouŽ Points for all or part of your stay and get a complimentary 4th night. The complimentary 4th night savings will be applied at checkout; you'll no longer have to wait to receive a statement credit when you book at thankyou.com.
The complimentary 4th night benefit will be calculated based on the average nightly rate of your complete stay. Taxes will no longer be included within the statement credit. You'll still be able to enjoy your benefit at any hotel with no restrictions on the number of times you can use this benefit.
Redeeming ThankYou Points for cash rewards
You'll receive greater value for cash reward redemptions with ThankYou Points. For example, previously you could redeem 50,000 ThankYou Points for $250. As of July 23rd, 50,000 points will be redeemable for $500. There's no annual dollar cap or limit to the number of cash redemptions you make. All cash redemptions are final.
Jul 17, 2017, 11:28 am
#583
Original Member
Join Date: May 1998
Location: NYC
Programs: AA 2MM, Bonvoy LTT, Hilton Diamond
Posts: 14,639
Speculation at this point because it really depends on which rate is booked. If it is a wholesale rate, then likely no points/benefits. If website offers same rates as hotel website, points/benefits likely to remain.
Jul 17, 2017, 11:34 am
#584
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
You can now take advantage of your complimentary 4th night benefit through thankyou.com! You can also redeem ThankYouŽ Points for all or part of your stay and get a complimentary 4th night. The complimentary 4th night savings will be applied at checkout; you'll no longer have to wait to receive a statement credit when you book at thankyou.com.i