Citi Prestige vs. American Express Platinum (info inside)

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knock11
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Citi Prestige vs. American Express Platinum (info inside)

Postby knock11 » Sun Sep 25, 2016 1:50 pm

I hope this is the right subforum. I'm trying to choose between the Citi Prestige and the American Express platinum card. (I was declined for the Chase Sapphire Reserve).

I work as an associate at a big law firm, income is about $200k/year. I have to do a fair amount of traveling (not as much as consultants, but every month or two usually though it varies), and I can book that traveling on my own personal card and have my firm reimburse me. I can also book my hotel and my food/traveling expenses on my personal card. Hence, I think that a travel rewards card might be best for my purposes.

The Citi Prestige gave me the standard 40k bonus points for spending the few thousand dollars in the first few months (note that I spend enough that i'll meet either sign up bonus).

The American Express Platinum gave me a heightened, 75k bonus points offer for spending the minimum in the first few months.

Which would you choose?


Tubpbs
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Re: Citi Prestige vs. American Express Platinum (info inside)

Postby Tubpbs » Sun Sep 25, 2016 3:05 pm

knock11 wrote:I hope this is the right subforum. I'm trying to choose between the Citi Prestige and the American Express platinum card. (I was declined for the Chase Sapphire Reserve).

I work as an associate at a big law firm, income is about $200k/year. I have to do a fair amount of traveling (not as much as consultants, but every month or two usually though it varies), and I can book that traveling on my own personal card and have my firm reimburse me. I can also book my hotel and my food/traveling expenses on my personal card. Hence, I think that a travel rewards card might be best for my purposes.

The Citi Prestige gave me the standard 40k bonus points for spending the few thousand dollars in the first few months (note that I spend enough that i'll meet either sign up bonus).

The American Express Platinum gave me a heightened, 75k bonus points offer for spending the minimum in the first few months.

Which would you choose?


It would depend on some variables you haven't included. Did you evaluate the perks of both cards? Do you frequent airports with Centurion or Delta lounges (Platinum gives you free access to both)? Are you loyal to a specific airline? Are you loyal or do you frequent any specific hotel brands / groups?

The Prestige has a better earn rate but less perks in the way of lounges and hotels. The Platinum's earn rate is poor, but it's designed for perks, not points. The only other thing really is the 4th free night with the Prestige, but I assume this might not come into play that often on business trips, but could be wrong.

Take a closer look into the perks of each card and see how they match up with your travel habits in general and maybe your spending habits.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

knock11
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Re: Citi Prestige vs. American Express Platinum (info inside)

Postby knock11 » Sun Sep 25, 2016 8:46 pm

Tubpbs wrote:
knock11 wrote:I hope this is the right subforum. I'm trying to choose between the Citi Prestige and the American Express platinum card. (I was declined for the Chase Sapphire Reserve).

I work as an associate at a big law firm, income is about $200k/year. I have to do a fair amount of traveling (not as much as consultants, but every month or two usually though it varies), and I can book that traveling on my own personal card and have my firm reimburse me. I can also book my hotel and my food/traveling expenses on my personal card. Hence, I think that a travel rewards card might be best for my purposes.

The Citi Prestige gave me the standard 40k bonus points for spending the few thousand dollars in the first few months (note that I spend enough that i'll meet either sign up bonus).

The American Express Platinum gave me a heightened, 75k bonus points offer for spending the minimum in the first few months.

Which would you choose?


It would depend on some variables you haven't included. Did you evaluate the perks of both cards? Do you frequent airports with Centurion or Delta lounges (Platinum gives you free access to both)? Are you loyal to a specific airline? Are you loyal or do you frequent any specific hotel brands / groups?

The Prestige has a better earn rate but less perks in the way of lounges and hotels. The Platinum's earn rate is poor, but it's designed for perks, not points. The only other thing really is the 4th free night with the Prestige, but I assume this might not come into play that often on business trips, but could be wrong.

Take a closer look into the perks of each card and see how they match up with your travel habits in general and maybe your spending habits.


Blah, I wrote up a long post but lost it when I went to post (said I wasn't signed up). I think I'm leaning toward the Platinum, assuming that they'll give me the 75k sign up bonus that they said they would--I think I would rather have a little bit more fun/cool perks than a little bit better rewards structure--assuming that that's a fair comparison between the cards. Am I wrong on that point--is it more like a little bit more fun/cool perks versus a lot better rewards structure?

Tubpbs
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Re: Citi Prestige vs. American Express Platinum (info inside)

Postby Tubpbs » Sun Sep 25, 2016 10:07 pm

I think it makes sense that the Platinum would be more appealing in your situation.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: Citi Prestige vs. American Express Platinum (info inside)

Postby CarefulBuilder14 » Sun Sep 25, 2016 11:26 pm

Platinum does generally offer more perks than Prestige, but perks are only fun and cool if you can actually make good use of them. Likewise, something that seems unexciting or of limited value can be great in the right circumstances.

I am maybe 90% likely to keep my Platinum, and maybe 30% likely to keep Prestige. That 30% would increase rapidly if I get a retention offer or they improve the card to account for the unpleasant changes they announced in July.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

darkguy2
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Re: Citi Prestige vs. American Express Platinum (info inside)

Postby darkguy2 » Mon Oct 10, 2016 7:00 am

The best would be if you can get the business platinum. On top of the 5X for airline travel you also get 50% of the points you use back. So you can book a ticket ($800) for 80,000/2 = 40,000. Really comes in handy for international travel. Only downside is that you need to have the points up front so you need 80K to get the 40K ticket.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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CarefulBuilder14
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Re: Citi Prestige vs. American Express Platinum (info inside)

Postby CarefulBuilder14 » Mon Oct 10, 2016 10:22 am

darkguy2 wrote:The best would be if you can get the business platinum. On top of the 5X for airline travel you also get 50% of the points you use back. So you can book a ticket ($800) for 80,000/2 = 40,000. Really comes in handy for international travel. Only downside is that you need to have the points up front so you need 80K to get the 40K ticket.

5x is just on Personal. 50% back is just on Business.

2 cpp for international airfare really isn't so spectacular.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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