By , albinamatveeva.ru
Citi has struck the latest blow in the luxury credit card wars, significantly increasing the size of its signup bonus opportunity for new Prestige cardholders. However, that bonus will also be more challenging to get.
New cardholders who spend at least $7500 with the Prestige card in the first three months of having it will get a bonus of 75,000 Citi ThankYou points, which Citi says is worth “more than $935 when redeemed for air travel through the Citi ThankYou Travel Center.” The previous bonus opportunity was 40,000 points after $4000 in purchases within three months.
The change will take place as of July 23, 2017.
Citi is also tweaking its fourth-night free perk. Cardholders who book four nights at the same hotel through Citi’s ThankYou.com site or through the Prestige Concierge service will get one of those nights free (not including taxes and fees). The change comes in how that free night is calculated: the fourth night will now be credited at the average per-night cost over the course of the stay instead of being specific to the actual fourth night of the stay. Because hotels may charge different prices on different nights, the new calculation evens out the perk to make sure it is representative of the per-night charge instead of potentially being lower or higher than the price of the other nights at the hotel.
The annual fee on the Prestige Card will remain the same at $450.