Jan 31, 2019, 2:14 pm
Last edit by: mia
Accepting applications as of 1.31.2019 50,000 points for $4,000 spend in 90 days:
https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-prestige-card#ddl-pricinfo
Bonus ThankYou Points are not available if you received a new cardmember bonus for Citi Rewards+℠, Citi ThankYou® Preferred, Citi ThankYou® Premier/Citi Premier℠ or Citi Prestige®, or if you have closed any of these cards, in the past 24 months.
https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-prestige-card#ddl-pricinfo
Bonus ThankYou Points are not available if you received a new cardmember bonus for Citi Rewards+℠, Citi ThankYou® Preferred, Citi ThankYou® Premier/Citi Premier℠ or Citi Prestige®, or if you have closed any of these cards, in the past 24 months.
Citi Prestige USA refresh: 5X Air,Dine; 3X Hotel,Cruise; Hotel 4NF capped 2X/yr; $495
Dec 10, 2018, 1:10 pm
#226
Join Date: May 2008
Posts: 143
Citigold can be had rather cheaply, if you have otherwise dormant rollover IRA assets sitting anywhere else. Open up a Citi Private Wealth Management account, and then set it up for self directed IRA + brokerage, and then roll in some cheap ETFs, or other financial holdings you might have at other places. I realize not everyone has IRA assets early in their careers, but this may be doable for some. This way there is no fee on the asset management, very low fees at the underlying investment, and account fees are waived for CG status (which this account creates). I am acutely sensitive to ongoing fee streams, and pay them very little for all this. (But to be fair, they also get fees off my mortgage, which accrues very little benefit to me, other than a small sliver of TYP. That mortgage frustratingly counts zippo toward CG status)
Last edited by mia; Dec 10, 2018 at 2:26 pm Reason: Formatting
Dec 10, 2018, 3:39 pm
#227
Join Date: Jul 2014
Location: Western US
Programs: Costco Executive Member, Amazon Optimus Prime
Posts: 1,251
Wait, Citi offers a discount online brokerage where you can manage a self-directed IRA? I tried to look into options in this area and didn't find such an offering. What can you do in this account (say an IRA)? Can you buy/sell individual stocks and/or options? Or is it a mutual-fund only or ETF-only type of product?
Generally you can do the usual gamut of stocks, ETFs, etc. Mutual Funds are more limited. Generally only has load ones, and I didn't find any Vanguard ones. But you can own Vanguard ETFs. Service isn't really awesome, so I wouldn't try to do anything complicated in this account. The backbone that Citi runs the self directed part off is from Pershing/Bank of New York.
The main point of the account (I think) would be just to get Gold status. Do your real investing in better / lower cost / more flexible platforms.
Dec 18, 2018, 1:32 pm
#229
Join Date: May 2008
Posts: 143
You can open the account with the National CPWM number. I can't remember if they're in Long Island City or San Antonio. It's an 800 number on their site. They don't go out of their way to advertise it or market it, but its operational. Of course their preference is that you get a fee collecting financial adviser.
Generally you can do the usual gamut of stocks, ETFs, etc. Mutual Funds are more limited. Generally only has load ones, and I didn't find any Vanguard ones. But you can own Vanguard ETFs. Service isn't really awesome, so I wouldn't try to do anything complicated in this account. The backbone that Citi runs the self directed part off is from Pershing/Bank of New York.
The main point of the account (I think) would be just to get Gold status. Do your real investing in better / lower cost / more flexible platforms.
Generally you can do the usual gamut of stocks, ETFs, etc. Mutual Funds are more limited. Generally only has load ones, and I didn't find any Vanguard ones. But you can own Vanguard ETFs. Service isn't really awesome, so I wouldn't try to do anything complicated in this account. The backbone that Citi runs the self directed part off is from Pershing/Bank of New York.
The main point of the account (I think) would be just to get Gold status. Do your real investing in better / lower cost / more flexible platforms.
Sounds like it will be no better than You Invest, and probably a lot worse. You Invest itself I took a hard pass on - was much hopeful they'd deploy a fully fleshed out product. But no options, and certainly no OTC stocks - both are things I regularly use in all my non-401 accounts. Without those, I probably won't bother. At least, the Chase adviser said they might expand product offerings to include options later next year. Wait and see.
Dec 19, 2018, 12:02 am
#230
Join Date: Jun 2011
Posts: 3,528
Generally you can do the usual gamut of stocks, ETFs, etc. Mutual Funds are more limited. Generally only has load ones, and I didn't find any Vanguard ones. But you can own Vanguard ETFs. Service isn't really awesome, so I wouldn't try to do anything complicated in this account. The backbone that Citi runs the self directed part off is from Pershing/Bank of New York.
Is there an advantage now to having Gold over Priority, aside from the discounted AF on the Prestige?
Dec 19, 2018, 1:36 pm
#231
Join Date: Jul 2014
Location: Western US
Programs: Costco Executive Member, Amazon Optimus Prime
Posts: 1,251
Yes you can buy Vanguard ETFs.
There are some unstated Gold benefits - free safe deposit boxes, free signature medallions gtys, Culture Pass, more ATM withdrawals fee free etc.
We are also grandfathered into one card fee free as well.
Mortgages have been cheap and mostly quick to get too (we've had 3 though Citi)
I've had it so long I have forgotten how crummy regular US banking can be.
There are constant low level technology/web site issues though.
There are some unstated Gold benefits - free safe deposit boxes, free signature medallions gtys, Culture Pass, more ATM withdrawals fee free etc.
We are also grandfathered into one card fee free as well.
Mortgages have been cheap and mostly quick to get too (we've had 3 though Citi)
I've had it so long I have forgotten how crummy regular US banking can be.
There are constant low level technology/web site issues though.
Dec 19, 2018, 1:42 pm
#232
Join Date: Jul 2014
Location: Western US
Programs: Costco Executive Member, Amazon Optimus Prime
Posts: 1,251
Dec 31, 2018, 1:11 am
#233
Join Date: Oct 2003
Location: Seattle
Programs: AS MVP100K, Hilton Diamond, IHG Gold
Posts: 3,215
Restaurant Uses Square for Payment
There’s a restaurant I frequent that uses Square as their payment provider for CC. I have heard Amex has problems coding square with restaurants and getting the restaurant bonus.
I have the Citi Prestige which will earn 5x at restaurants in the new year. Does the fact that the restaurant uses Square won’t give me my 5x points?
I have the Citi Prestige which will earn 5x at restaurants in the new year. Does the fact that the restaurant uses Square won’t give me my 5x points?
Dec 31, 2018, 7:04 am
#234
Join Date: Sep 2008
Location: AUS
Programs: BAEC Gold, AA PPro, Hyatt Globalist, Amex Plat
Posts: 7,040
There’s a restaurant I frequent that uses Square as their payment provider for CC. I have heard Amex has problems coding square with restaurants and getting the restaurant bonus.
I have the Citi Prestige which will earn 5x at restaurants in the new year. Does the fact that the restaurant uses Square won’t give me my 5x points?
I have the Citi Prestige which will earn 5x at restaurants in the new year. Does the fact that the restaurant uses Square won’t give me my 5x points?
I don't think anyone here can authoritatively answer your question, but I can say that I use my CSR at establishments which use Square (and Toast) all the time and they code correctly and award 3X points just fine. So this seems more an Amex problem than a general problem. But, since by definition, we don't have any Prestige data points yet it's hard to know what will happen...
Regards
Dec 31, 2018, 7:25 am
#235
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
This is easy to test. Prestige already award 2X points for dining. If it works correctly now it should still work correctly when the bonus increases.
Dec 31, 2018, 7:31 am
#236
Join Date: Sep 2008
Location: AUS
Programs: BAEC Gold, AA PPro, Hyatt Globalist, Amex Plat
Posts: 7,040
Regards
Jan 1, 2019, 5:41 am
#237
Join Date: Oct 2003
Location: Seattle
Programs: AS MVP100K, Hilton Diamond, IHG Gold
Posts: 3,215
Jan 1, 2019, 6:28 am
#238
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Jan 1, 2019, 2:48 pm
#239
Join Date: Jun 2005
Location: DCA
Programs: AA PPro, Mariott Ambassador, B6 Mosaic, SBUX Gold, Best Buy Elite
Posts: 1,838
Are the trip delay/cancellation benefits on the Citi/ChaseSR essentially the same now? I think I read that the Citi went up from 3hrs to 6. Not talking about the primary car rental protection, I know thats better on the chase.
Jan 2, 2019, 1:25 pm
#240
Join Date: Dec 2017
Posts: 35
The citi one is worse I feel. because it only cover the FIRST leg of the trip. So if you have to make a connection, you're out of luck for the 2nd (or further) legs.