Originally Posted by dw
(Post 33395992)
So it sounds like maybe a card with a high AF but also with good point multipliers? Any hints at whether it might also have premium benefits to go along with it?
The link to apply for Prestige that was still working has died as of today, so perhaps things are moving forward? |
Originally Posted by moe8555
(Post 33396263)
I'm not sure I agree. The fact is, the vast majority of people out there either carry a balance, don't maximize earnings -- or both. My father has Prestige, for example, and it's his one card wallet for everything. He doesn't want to deal with the card shuffle game, and I've learned to accept that. At least I can rest easy knowing any dining and most travel charges are fully maximized, and whenever he gets a 5X/$500 promo email, that certainly helps too.
The last iteration of the card that allowed for unlimited 4NF via concierge -- that's a different story. |
Originally Posted by jags86
(Post 33396333)
Banks aren’t known for killing off profitable products that don’t fly in the face of regulators. The vast majority of people out there don’t carry cards with $550+ annual fees. Do you think the vast majority of people with AMEX Platinum, Citi Prestige, or Chase Sapphire Reserve carry balances? Do you think the vast majority of people who carry balances bank with Citi…a retail bank with hardly any retail presence? I’m not saying there aren’t sum, but we need to stop extrapolating the overall market with these ultra premium products. My guess is there were very few remaining cardholders — maybe in the 1,000s or low 10,000s — and it was costing more the support the product than they could make.
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Originally Posted by Adelphos
(Post 33381813)
....Amex Platinum used to provide US Air, Continental and American club access as well (not sure if they always provided all of those).
Originally Posted by moe8555
(Post 33396279)
....card that combines multiple features from other cards
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I wonder just how much the 4th night free hurt Citi's profitability on this card. Were/Are people actually using it? I for one used to maximize my bookings at all-inclusive resorts, which cost them $600+ a pop. Yes, there are commissions on the balance of the stay, but we used to do many long weekend stays of just 4 nights.
It seems like Citi stripped the card of many useful benefits, but preserved the 4-night free perk to differentiate it from the rest of the pack. |
Originally Posted by TTT103
(Post 33396949)
I wonder just how much the 4th night free hurt Citi's profitability on this card. Were/Are people actually using it? I for one used to maximize my bookings at all-inclusive resorts, which cost them $600+ a pop. Yes, there are commissions on the balance of the stay, but we used to do many long weekend stays of just 4 nights.
It seems like Citi stripped the card of many useful benefits, but preserved the 4-night free perk to differentiate it from the rest of the pack. |
Does Citi (like Chase, for example) have a history of supporting legacy cards for awhile after they’ve been discontinued? If the rumored new card really is a different product and not a relaunch of the Prestige, I wonder how long existing cardholders will be able to keep the Prestige before being forced into a product change.
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Originally Posted by dw
(Post 33398058)
Does Citi (like Chase, for example) have a history of supporting legacy cards for awhile after they’ve been discontinued? If the rumored new card really is a different product and not a relaunch of the Prestige, I wonder how long existing cardholders will be able to keep the Prestige before being forced into a product change.
Only time will tell. Perhaps the new card will beat Prestige in nearly every aspect and it will be a non-issue, although if they do implement the "choice benefit" concept proposed in the recent survey (and alluded to in my call), I'm not so sure. |
It’ll also be interesting to see what options they give those with existing AF fee waivers or AF fee reductions/credits on the Prestige Card.
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Originally Posted by dw
(Post 33398109)
It’ll also be interesting to see what options they give those with existing AF fee waivers or AF fee reductions/credits on the Prestige Card.
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Originally Posted by TTT103
(Post 33396949)
I wonder just how much the 4th night free hurt Citi's profitability on this card. Were/Are people actually using it? I for one used to maximize my bookings at all-inclusive resorts, which cost them $600+ a pop.
Used to spend about 200 nights per year in hotels and would always make multiple reservations to maximize this. |
Originally Posted by 355F1
(Post 33401161)
I saved literally thousands of dollars per year with the 4th night free. ;)
Used to spend about 200 nights per year in hotels and would always make multiple reservations to maximize this. |
Originally Posted by moe8555
(Post 33401325)
Are you still ever able to make use of the current 4NF feature through the portal? It's very hit and miss (compared to the lowest direct or OTA+coupon/cashback portal prices I'm able to find), but "a degree" of savings is possible if you look hard enough.
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Originally Posted by pa69
(Post 33397312)
From 2015 to 2019 I saved around $14k using the fourth night free benefit. I haven't used it since the concierge bookings ended. I still have the card for 5x points on dining and to have a premium non-amex card for when traveling overseas
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Originally Posted by dw
(Post 33398058)
Does Citi (like Chase, for example) have a history of supporting legacy cards for awhile after they’ve been discontinued? If the rumored new card really is a different product and not a relaunch of the Prestige, I wonder how long existing cardholders will be able to keep the Prestige before being forced into a product change.
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