Downgrading my Citi Prestige and need a World Elite Mastercard for Lyft?
Feb 9, 20, 1:02 pm
#1
Original Poster
Join Date: Feb 2006
Posts: 405
Downgrading my Citi Prestige and need a World Elite Mastercard for Lyft?
I am planning to downgrade my Citi Prestige in May, but one benefit that I'll miss is getting $10 from Lyft for every 5 rides. This is a benefit that all World Elite Mastercards can earn.
I know I could downgrade to the Premier for $95, but my question is, has anyone successfully verified that either the Citi Double Cash and Citi Rewards Plus card are true World Elite (and not regular World) Mastercards that work with the Lyft benefit?
My plan is to transfer my Thank You points to Singapore Airlines before I downgrade. Personally, the Rewards Plus card seems like a better downgrade option, but I would go with the Double Cash if it meant I could keep the Lyft benefit.
https://www.lyft.com/world-elite-mastercard
I know I could downgrade to the Premier for $95, but my question is, has anyone successfully verified that either the Citi Double Cash and Citi Rewards Plus card are true World Elite (and not regular World) Mastercards that work with the Lyft benefit?
My plan is to transfer my Thank You points to Singapore Airlines before I downgrade. Personally, the Rewards Plus card seems like a better downgrade option, but I would go with the Double Cash if it meant I could keep the Lyft benefit.
https://www.lyft.com/world-elite-mastercard
Last edited by diesteldorf; Feb 9, 20 at 1:42 pm
Feb 9, 20, 6:52 pm
#2
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, AA, WN, BA, AS, TK, Radisson, Hyatt, IHG, Hilton, Wyndham
Posts: 1,533
My Double Cash is World Elite, but Rewards+ is just World. Never tried with Lyft, though. I suggest downgrading to Premier, it will allow you to keep your points and transfer them in a future, when needed. It will also give you 3x on Lyft rides. Premier is World Elite.
Feb 10, 20, 9:00 pm
#3
Original Poster
Join Date: Feb 2006
Posts: 405
Originally Posted by yugi
My Double Cash is World Elite, but Rewards+ is just World. Never tried with Lyft, though. I suggest downgrading to Premier, it will allow you to keep your points and transfer them in a future, when needed. It will also give you 3x on Lyft rides. Premier is World Elite.
I was running the numbers last night and, most of my Lyft rides with tip are between $10-12. 5 rides per month would be around $60. $60 x 12=$720. If I put $720 on the Citi Double Cash, I earn 2% of $720=$14.40. If I put that same $720 on the Premier, assuming each point is worth 1.7 cents. 1.7 x 3 x $720=$36.72 in value.
https://thepointsguy.com/guide/monthly-valuations/
Now, I realize Thank You Points may not always be worth that much, but it would potentially help reduce the annual fee by $20. Assuming, I earned the $10 Lyft incentive every month, $120 total per year, it would cover the annual fee completely, and it may end up being worth it to pay a little more to keep the Premier just to keep the flexibility of my Thank You points.
Feb 11, 20, 8:31 am
#4
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, AA, WN, BA, AS, TK, Radisson, Hyatt, IHG, Hilton, Wyndham
Posts: 1,533
Originally Posted by diesteldorf
Thanks for your response. I'm glad to know the Double Cash is World Elite, since that's a card that has no annual free. However, I was contemplating the Premier, partly so that I wouldn't have a sense of urgency to transfer my points to an airline right away and lose flexibility.
I was running the numbers last night and, most of my Lyft rides with tip are between $10-12. 5 rides per month would be around $60. $60 x 12=$720. If I put $720 on the Citi Double Cash, I earn 2% of $720=$14.40. If I put that same $720 on the Premier, assuming each point is worth 1.7 cents. 1.7 x 3 x $720=$36.72 in value.
https://thepointsguy.com/guide/monthly-valuations/
Now, I realize Thank You Points may not always be worth that much, but it would potentially help reduce the annual fee by $20. Assuming, I earned the $10 Lyft incentive every month, $120 total per year, it would cover the annual fee completely, and it may end up being worth it to pay a little more to keep the Premier just to keep the flexibility of my Thank You points.
I was running the numbers last night and, most of my Lyft rides with tip are between $10-12. 5 rides per month would be around $60. $60 x 12=$720. If I put $720 on the Citi Double Cash, I earn 2% of $720=$14.40. If I put that same $720 on the Premier, assuming each point is worth 1.7 cents. 1.7 x 3 x $720=$36.72 in value.
https://thepointsguy.com/guide/monthly-valuations/
Now, I realize Thank You Points may not always be worth that much, but it would potentially help reduce the annual fee by $20. Assuming, I earned the $10 Lyft incentive every month, $120 total per year, it would cover the annual fee completely, and it may end up being worth it to pay a little more to keep the Premier just to keep the flexibility of my Thank You points.
Mar 7, 20, 3:25 pm
#5
Join Date: Jun 2007
Programs: CO-plat, SPG-plat
Posts: 1,640
TYP expire 60 days after card closure
Originally Posted by diesteldorf
Thanks for your response. I'm glad to know the Double Cash is World Elite, since that's a card that has no annual free. However, I was contemplating the Premier, partly so that I wouldn't have a sense of urgency to transfer my points to an airline right away and lose flexibility.
I was running the numbers last night and, most of my Lyft rides with tip are between $10-12. 5 rides per month would be around $60. $60 x 12=$720. If I put $720 on the Citi Double Cash, I earn 2% of $720=$14.40. If I put that same $720 on the Premier, assuming each point is worth 1.7 cents. 1.7 x 3 x $720=$36.72 in value.
https://thepointsguy.com/guide/monthly-valuations/
Now, I realize Thank You Points may not always be worth that much, but it would potentially help reduce the annual fee by $20. Assuming, I earned the $10 Lyft incentive every month, $120 total per year, it would cover the annual fee completely, and it may end up being worth it to pay a little more to keep the Premier just to keep the flexibility of my Thank You points.
I was running the numbers last night and, most of my Lyft rides with tip are between $10-12. 5 rides per month would be around $60. $60 x 12=$720. If I put $720 on the Citi Double Cash, I earn 2% of $720=$14.40. If I put that same $720 on the Premier, assuming each point is worth 1.7 cents. 1.7 x 3 x $720=$36.72 in value.
https://thepointsguy.com/guide/monthly-valuations/
Now, I realize Thank You Points may not always be worth that much, but it would potentially help reduce the annual fee by $20. Assuming, I earned the $10 Lyft incentive every month, $120 total per year, it would cover the annual fee completely, and it may end up being worth it to pay a little more to keep the Premier just to keep the flexibility of my Thank You points.
Mar 7, 20, 3:57 pm
#6
A FlyerTalk Posting Legend, Moderator: American Express, Citi, Diners Club, Signatures
Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
Posts: 42,223
Originally Posted by Totoro
Unless I grossly misunderstood T&C, TYP from your Prestige account expire 60 days after account closure. Opening Premier card does not keep your points valid. This is different from AMEX MR.
