Key takeaways
- The Citi Premier® Card gives rewards on each journey and on a regular basis purchases for a $95 annual payment.
- Certainly one of its standout perks contains an annual lodge financial savings profit that may assist cut back the price of an eligible lodge keep as soon as each calendar yr.
- Whereas pricier journey playing cards supply extra spectacular journey credit, this profit is on par with these of comparable playing cards.
The Citi Premier® Card is now not out there, though present cardholders can nonetheless use the cardboard. These within the Citi Premier® Card ought to take a look at Citi’s newly rebranded Citi Strata PremierSM Card as an alternative.
In case you’re on the lookout for a journey bank card with an annual payment underneath $100, the Citi Premier® Card* needs to be close to the highest of your checklist. This card prices simply $95 per yr, but cardholders can earn 3X factors in on a regular basis spending classes and a beneficiant welcome supply, besides.
The rewards you earn with this card are versatile sufficient to redeem for money again, assertion credit, reward playing cards and even donations to charity. You can even redeem Citi ThankYou factors for journey (together with lodge stays) via the Citi journey portal or for transfers to Citi’s airline and lodge companions.
The Citi Premier Card even comes with one premium journey profit that offsets the annual payment. With the annual lodge financial savings profit, cardholders can cut back the price of an eligible lodge keep by $100 as soon as each calendar yr. This information will clarify precisely how the Citi Premier’s $100 annual lodge financial savings profit works.
What’s the Citi Premier Card’s $100 lodge financial savings profit?
Based on Citi, the Premier Card allows you to get pleasure from an annual $100 low cost on a single lodge keep of $500 or extra (excluding taxes and costs) while you use your Citi Premier Card and guide via both thankyou.com or 1-800-THANKYOU.
With that in thoughts, the annual lodge financial savings profit is extra of a journey low cost than a free night time. Nevertheless, getting $100 off a lodge or resort keep of $500 or extra is the equal of getting as much as 20 % off. And who doesn’t wish to lower your expenses on lodge stays?
How one can use the $100 lodge financial savings profit
The annual lodge financial savings profit is offered to cardholders as soon as each calendar yr, and it’s good for single lodge stays of $500 or extra, excluding costs for taxes and costs. Benefiting from this perk requires you to guide your lodge keep via ThankYou.com or by calling 1-800-THANKYOU, as famous above.
To earn the financial savings profit, it’s essential to pay to your eligible lodge keep prematurely together with your Citi Premier Card, Citi ThankYou factors or a mixture of the 2. You’ll have the choice to use the profit through the reserving course of.
You’ll be able to cancel your lodge reserving if the property gives a versatile cancellation coverage, and the $100 lodge financial savings profit will return into your account so you should use it throughout the the rest of the calendar yr.
Be aware that we mentioned calendar yr and never cardmember yr. This implies you might apply for the cardboard through the fall, use the lodge financial savings profit earlier than January 1st, then instantly use it once more after the brand new yr begins.
Different guidelines that apply embrace:
- Reservations should be made by the first cardmember, though reservations will be made within the title of the first cardmember or licensed customers.
- Trip packages don’t qualify for this profit.
- The $100 annual lodge financial savings profit can’t be mixed in the identical transaction with the Citi Status® Card’s* complimentary fourth-night free perk (if in case you have each Citi bank cards).
- This profit can’t be mixed with another promotions or reductions.
How does this profit evaluate to lodge credit provided by different journey playing cards?
The actual fact the annual lodge financial savings profit is a reduction could be a little disappointing, but this perk is pretty on par with these provided by comparable journey bank cards. For instance, the Chase Sapphire Most well-liked® Card comes with the identical $95 annual payment and pretty comparable bonus classes, but customers solely get a $50 annual lodge keep credit score to be used via the Chase Final Rewards portal. Then once more, this low cost is utilized to any lodge reserving via the portal, which means you don’t should spend $500 or extra simply to make use of it.
Premium journey bank cards just like the Chase Sapphire Reserve® and Capital One Enterprise X Rewards Credit score Card supply annual journey credit price $300, but these playing cards cost a lot larger annual charges of $550 and $395, respectively.
There are additionally lodge bank cards that provide free nights, both the primary yr or after your cardmember anniversary. Nevertheless, rewards earned with lodge playing cards are rather a lot much less versatile than Citi ThankYou factors.
Is the Citi Premier’s $100 lodge financial savings profit price it?
In case you’re signing up for the Citi Premier Card and usually keep in a couple of resorts every year, the annual lodge financial savings profit will be price it. Simply bear in mind to buy round and evaluate lodge pricing on websites aside from thankyou.com. In spite of everything, utilizing the $100 lodge financial savings profit received’t go away you higher off in case you pay much more for the reserving than you’ll pay elsewhere.
And both method, the Citi Premier Card is certainly “price it” the primary yr as a consequence of its welcome supply. You’ll be able to earn 60,000 bonus ThankYou factors after spending $4,000 in purchases throughout the first three months of account opening — which means you possibly can greater than make up for the annual payment, whatever the annual lodge financial savings perk.
The underside line
The Citi Premier Card’s $100 annual lodge financial savings profit is simply one of many causes to enroll in this card, but there are many others. For instance, you might signal as much as pursue solely the welcome supply, or since you wish to earn 3X factors in quite a lot of classes. You may additionally select this card if you wish to earn ThankYou factors, which will be redeemed for assertion credit, reward playing cards, journey and extra.
Even so, it by no means hurts to match different journey bank cards and their advantages earlier than you apply. Whilst you could miss out on an annual lodge keep low cost, different playing cards supply perks you may like higher.
*The details about the Citi Premier Card and Citi Status Credit score Card has been collected independently by Bankrate.com. The cardboard particulars haven’t been reviewed or authorised by the cardboard issuer.
