Prestige changes: New rumors

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CarefulBuilder14
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Prestige changes: New rumors

Postby CarefulBuilder14 » Sun Jul 16, 2017 8:52 pm

Bad changes remain. Possibly some neutral-to-slightly-good changes, but nothing confirmed. Bonus and minimum spend possibly going up.

As a reminder, in about a week Prestige gets hit with the mega-nerf.

There are also rumors of other changes...just minor improvements, though:

-We may be able to book 4th nights online without needing a concierge
I have some concerns about how they're going to do this. The last time I called to arrange a 4th night, it was at an independent property and the concierge had to book the room over the phone since it wasn't in the Aspire database. I expect a concierge will still be necessary to book at many properties, as I doubt their upcoming customer website will be any better than their existing employee website. Or maybe it will be through Citi or another company instead of Aspire.

-Cash redemption at 1 cpp, up from like 0.6 or 0.7 (and 1.25 for travel, down from 1.33-1.6). 4th night redemption at 1 cpp.
None of these are great.

-Metal card
I'd rather have plastic and a lesser nerf.

-ShopRunner
Who would have a Prestige not some sort of Amex?

-And, for new applicants, a 75k bonus for $7.5k spend.
If you can find a good use of points.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card


TXviking
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Re: Prestige changes: New rumors

Postby TXviking » Sun Jul 16, 2017 10:07 pm

So for those of us who have been under a rock: Which mega-nerf? (I don't have a Prestige, so I'm just asking out of academic interest.)

Also, I think Chase started a trend with that whole metal card thing.

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CarefulBuilder14
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Re: Prestige changes: New rumors

Postby CarefulBuilder14 » Sun Jul 16, 2017 10:27 pm

TXviking wrote:So for those of us who have been under a rock: Which mega-nerf? (I don't have a Prestige, so I'm just asking out of academic interest.)

Also, I think Chase started a trend with that whole metal card thing.

Definitely bad: Losing AA lounge access, losing point values on some popular redemption methods, losing free golf

Generally bad but in a few cases good: A new formula for calculating the 4th night credit. It will favor people who book "pay for three nights and get the fourth free" rates that some (generally luxury) hotels offer.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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CarefulBuilder14
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Re: Prestige changes: New rumors

Postby CarefulBuilder14 » Mon Jul 17, 2017 1:18 pm

Citi confirming via mass email:

We're writing to inform you of changes to your Citi Prestige® Card as of July 23, 2017.

As a valued cardmember, we want to introduce you to the exciting new benefits of your Citi Prestige® card.

A new card
You'll be receiving a first release Citi Prestige® metal card in the coming months. Please activate your new card immediately upon receipt. Your account number will be identical; however, your CVV and expiration date will change.

Your complimentary 4th night benefit has been updated
You can now take advantage of your complimentary 4th night benefit through thankyou.com! You can also redeem ThankYou® Points for all or part of your stay and get a complimentary 4th night. The complimentary 4th night savings will be applied at checkout; you'll no longer have to wait to receive a statement credit when you book at thankyou.com.
The complimentary 4th night benefit will be calculated based on the average nightly rate of your complete stay. Taxes will no longer be included within the statement credit. You'll still be able to enjoy your benefit at any hotel with no restrictions on the number of times you can use this benefit.

Redeeming ThankYou Points for cash rewards
You'll receive greater value for cash reward redemptions with ThankYou Points. For example, previously you could redeem 50,000 ThankYou Points for $250. As of July 23rd, 50,000 points will be redeemable for $500. There's no annual dollar cap or limit to the number of cash redemptions you make. All cash redemptions are final.

We also want to remind you of the following changes, going into effect on July 23, 2017:

Lounge access
Access to American Airlines Admirals Club® lounges will no longer be available with your Citi Prestige® card. You'll continue to have complimentary and unlimited access to Priority PassTM Select lounges. You, your authorized users, immediate family or up to two guests traveling with you will continue to enjoy access to more than 1,000 airport lounges worldwide.

Redeeming ThankYou Points for flights
You'll only receive 25% greater value versus gift cards on all airfare redemptions at thankyou.com. You'll no longer receive 60% greater value on American Airlines flight redemptions and/or 33% greater value on all other airfare redemptions. For example, 50,000 ThankYou Points will now be redeemable for $625 in airfare on all airlines available at thankyou.com.

Complimentary international golf
The three complimentary rounds of golf will no longer be offered with your card. You'll continue to have access to more than 2,000 celebrated and legendary golf properties around the world with access to select TPC properties provided by Mastercard.

The following benefits of your Citi Prestige® card will remain unchanged:

• Annual $250 Air Travel Credit
• $100 statement credit for your Global Entry or TSA Precheck application fee
• No foreign transaction fees on purchases
• 24/7 access to Citi Prestige Concierge
• 3X points on air travel and hotels, 2X points on dining and entertainment and 1 ThankYou Point per $1 spent on all other purchases
• Travel & Emergency Assistance, Trip Cancellation & Interruption Protection and Trip Delay Protection
• If you have an eligible banking relationship, you'll continue to receive your Relationship Bonus

We continually explore ways to enhance your Citi Prestige experience. Please continue to visit the newly redesigned citi.com/citiprestige for the Terms & Conditions of your benefits.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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kcm7
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Re: Prestige changes: New rumors

Postby kcm7 » Tue Jul 18, 2017 5:33 pm

I kind of have to give them credit for that wording. Usually, when an issuer downgrades a benefit, they'll be like, "GOOD NEWS. Your benefits have been streamlined. Now -- get a 25% value boost when redeeming for airfare."
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

Tubpbs
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Re: Prestige changes: New rumors

Postby Tubpbs » Tue Jul 18, 2017 8:39 pm

CarefulBuilder14 wrote:
TXviking wrote:So for those of us who have been under a rock: Which mega-nerf? (I don't have a Prestige, so I'm just asking out of academic interest.)

Also, I think Chase started a trend with that whole metal card thing.

Definitely bad: Losing AA lounge access, losing point values on some popular redemption methods, losing free golf

Generally bad but in a few cases good: A new formula for calculating the 4th night credit. It will favor people who book "pay for three nights and get the fourth free" rates that some (generally luxury) hotels offer.


Losing the Admiral's lounge access is the worst part for me by far. Terrible. The card retains its value with no points etc for me with the airline credit and the lounge access. Without it, you have to start to "figure out" how it brings you value.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

mountaindewvoltage
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Re: Prestige changes: New rumors

Postby mountaindewvoltage » Wed Jul 19, 2017 4:05 am

CarefulBuilder14 wrote:Bad changes remain. Possibly some neutral-to-slightly-good changes, but nothing confirmed. Bonus and minimum spend possibly going up.

As a reminder, in about a week Prestige gets hit with the mega-nerf.

There are also rumors of other changes...just minor improvements, though:

-We may be able to book 4th nights online without needing a concierge
I have some concerns about how they're going to do this. The last time I called to arrange a 4th night, it was at an independent property and the concierge had to book the room over the phone since it wasn't in the Aspire database. I expect a concierge will still be necessary to book at many properties, as I doubt their upcoming customer website will be any better than their existing employee website. Or maybe it will be through Citi or another company instead of Aspire.

-Cash redemption at 1 cpp, up from like 0.6 or 0.7 (and 1.25 for travel, down from 1.33-1.6). 4th night redemption at 1 cpp.
None of these are great.

-Metal card
I'd rather have plastic and a lesser nerf.

-ShopRunner
Who would have a Prestige not some sort of Amex?

-And, for new applicants, a 75k bonus for $7.5k spend.
If you can find a good use of points.


LOL. I've never laughed at Citi harder in my life. You want to give me 75,000 TY points after I spend $7,500 in 3 months? This card is the worst of the four premiums now, by far. With that kind of spending requirement I should be getting 150,000-200,000 bonus points.

Sometimes I want to punch Corbat right in his goofy face because of how cheap he instructs his VP's to be.

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Re: Prestige changes: New rumors

Postby CarefulBuilder14 » Thu Jul 20, 2017 12:53 am

Tubpbs wrote:Losing the Admiral's lounge access is the worst part for me by far. Terrible. The card retains its value with no points etc for me with the airline credit and the lounge access. Without it, you have to start to "figure out" how it brings you value.

It's basically a $200 AF card for 4th nights, delay insurance, and retention bonuses every six months. However, the changes may end up hurting them if the customers they keep are more likely to use those perks. When they nerf a card to the point that only resourceful card geeks want it...that's who they are going to get as customers.

mountaindewvoltage wrote:LOL. I've never laughed at Citi harder in my life. You want to give me 75,000 TY points after I spend $7,500 in 3 months? This card is the worst of the four premiums now, by far. With that kind of spending requirement I should be getting 150,000-200,000 bonus points.

It is a pretty mediocre bonus, given the difficulty in making good use of the points.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

Tubpbs
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Re: Prestige changes: New rumors

Postby Tubpbs » Thu Jul 20, 2017 3:34 pm

CarefulBuilder14 wrote:
Tubpbs wrote:Losing the Admiral's lounge access is the worst part for me by far. Terrible. The card retains its value with no points etc for me with the airline credit and the lounge access. Without it, you have to start to "figure out" how it brings you value.

It's basically a $200 AF card for 4th nights, delay insurance, and retention bonuses every six months. However, the changes may end up hurting them if the customers they keep are more likely to use those perks. When they nerf a card to the point that only resourceful card geeks want it...that's who they are going to get as customers.

mountaindewvoltage wrote:LOL. I've never laughed at Citi harder in my life. You want to give me 75,000 TY points after I spend $7,500 in 3 months? This card is the worst of the four premiums now, by far. With that kind of spending requirement I should be getting 150,000-200,000 bonus points.

It is a pretty mediocre bonus, given the difficulty in making good use of the points.


Agree. They need to grow some nuts back and get the Admiral's lounge back on this card and stop wasting everyone's time.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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Re: Prestige changes: New rumors

Postby CarefulBuilder14 » Mon Sep 18, 2017 8:03 pm

I got my new card today. The changes are quite subtle. I had to compare it to the old design to really notice them.

Following the change Amex made to Platinum, the metal Prestige is definitely underwhelming. They use a smaller font on the back of the card, emphasizing the gaping empty space where "Admirals Club lounge access" used to appear.

I'm just left wondering why they would bother to send to it out to replace existing cards early...or to draw attention to it as one improvement they could offer. I can understand them trying to keep customers with a gimmick...but it's hardly noticeable even to a card geek.

From all the money they saved cutting benefits, you'd think they'd be sure to spend the extra $1 or $2 to make the design change nice.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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