Citi Prestige Card Review

Citi Prestige Card is a cashback credit card issued by Citibank. If you're wondering whether Citi Prestige Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 5 points per dollar spent.
• Signup bonus. Offers a signup bonus of 50000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.99% up to 24.99%.
• 3% Balance transfer fee. Citi Prestige Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as emergency support, Global Entry / TSA Precheck Fee Credit, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

Citi Prestige Card Pros and Cons:

The Good

The Bad

Complimentary 4th Night at a hotel of your choice after a minimum 4 consecutive night booking through ThankYou.com Enjoy complimentary access to hundreds of VIP lounges through Priority Pass™ Selec Multiple credit card perks. Free access to your credit score. Global Entry / TSA Precheck Fee Credit. No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Citi Prestige Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

There is a high annual fee of $495 to consider when applying this card Higher than average purchase APRs. Requires good to excellent credit. Charges an annual fee of $495 Charges a 3% balance transfer fee.

Is there a Citi Prestige Card cash back or rewards program?

Citi Prestige Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Citi Prestige Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 5% for purchases in a bonus category.

Citi Prestige Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	5%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	50000
Signup Bonus Spend Requirement	$4000
Signup Bonus Spend Period (months)	3 months
Annual Loyalty Bonus	$250
Annual Loyalty Bonus Spend Requirement	$250

What are the Citi Prestige Card benefits?

Citi Prestige Card provides the following benefits:

• Free Credit Score
• Emergency Support
• Zero fraud liability
• Cellular Telephone Protection
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Citi Prestige Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Citi Prestige Card has higher than average purchase APRs.

Citi Prestige Card has a variable purchase APR that ranges from 17.99% up to 24.99%. The card has a variable balance transfer APR that ranges from 17.99% up to 24.99%. It also has a variable cash advance APR of 26.24% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the Citi Prestige Card fees?

The following fees apply to Citi Prestige Card:

Citi Prestige Card Fees

Fees	Amount
Annual Fee	$495
Foreign Transaction Fee	0%
Returned Payment Fee	up to $39
Late Payment Fee	up to $40

Does Citi Prestige Card report your account activity to credit bureaus?

Citi Prestige Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Citi Prestige Card

• Visit the Citi Prestige Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.