Citibank is now offering better perks for two of its most popular credit cards. Some of the perks, such as those for the Citi Prestige are only temporary. But the benefits getting added to the Citi Premier are permanent and are actually just being expedited since these changes were already going to happen in August.
By the way, I’ve updated the database in WalletFlo so you don’t have to worry about keeping up with these changes and they should reflect in your profile.
- Citi Prestige cardholders can now enjoy 5 ThankYou Points per $1 spent on all online purchases up to 7,500 points, through August 31, 2020.
- Retailer website orders
- Online grocery orders
- Online drugstore orders
This means that you can spend up to $1,500 on these categories which should be pretty easy for people to do over the summer and effectively turns the Prestige into a card like the Chase Freedom that allows 5X on up to $1,500 worth of spend. Not bad.
And remember, you can use your $250 travel credit on expenses like dining until the end of the year. Again this is also notated in WalletFlo.
- 3 ThankYou Points per $1 spent on supermarket purchases (instead of 1 point per $1 spent)
- 3 ThankYou Points per $1 spent on restaurant purchases, including takeout and curbside pickup (instead of 2 points per $1 spent)
The new changes have already been in effect since June 2 so you should have been earning the increased rates over the past couple of days if you have this card.
Personally, I think these are great bonus categories for a card with an annual fee of $95. 3X on supermarkets and dining is very respectable. At a valuation of 1.7 cents per point, you’ll be earning just over 5% back on those categories which is very solid.
I also think that it’s pretty cool that Citi is expediting this change. Technologically speaking, Citibank doesn’t always impress so it was nice to see them implement this change pretty quickly.
Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.