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Which card is best for you?
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If you’re a heavy traveler and can afford to spend
several hundred dollars on an annual fee, the Citi Prestige card and its
longtime rival, The Platinum Card® from American Express, offer some of the plushest
travel benefits you can get on a rewards card.
The Citi Prestige card, for example, has earned a loyal
following amongst heavy travelers for its fourth night free benefit, which gives
you a complimentary fourth night, no matter where you’re staying or how
expensive your hotel (up to two times per year starting Sept. 1, 2019). Meanwhile, the American Express Platinum card has long
reined as a favorite among elite travelers who appreciate the card’s luxurious
extras, including posh airport lounges and a resort credit for select
card is best for you?
It depends on what kind of rewards you’re after and
how much value you’re seeking to get out of your rewards card. The Platinum
card is not only more expensive, but its benefits also tend to cater to
high-spending cardholders who shell out a lot on airfare and prefer to stay at
The Citi Prestige card, by contrast, offers more value
for the money after the card’s first year and has a more interesting rewards
program – including a five-point bonus on dining. But it doesn’t come with nearly as many high-end perks.
Here’s what else we
found when comparing the two offers:
Citi Prestige card
The Platinum Card® from American Express
To be announced in Jan. 2019
|Annual fee||$450 (through Sept. 2019, then $495)||$550|
|Estimated yearly rewards value (for someone who spends $15,900)||TBD||$106|
|Who should get this card?||
for someone who wants a large introductory bonus: AmEx Platinum card
you’re looking for a quick infusion of rewards in the first year, the Platinum
card is the clear winner. Unlike the Citi Prestige card, the Platinum card
offers a generous 60,000-point introductory bonus that’s worth as much as $714
in free travel or other card rewards. You have to spend $5,000 in the card’s
first three months in order to qualify for the generous bonus, though.
for someone who wants a more accessible, long-term travel card: Citi Prestige
Citi Prestige card is a better pick for someone who wants a long-term card, but
doesn’t want to make as big of an investment to maintain it. The Prestige card,
for example, costs $450 a year ($495 starting Sept. 2019), which is pricey for a rewards card. The
Platinum card, by contrast, charges $550 a year – a $100 difference that’s
difficult to make up, even if you take into account some of the Platinum card’s
more generous benefits, such as its $200 Uber credit and $75 resort credit.
for someone who spends a lot on dining and entertainment: Citi Prestige card
The Citi Prestige card awards great bonus points for purchases that cardholders are
likely to make regularly, such as an evening out on the town or a quiet family
dinner. For example, it offers 5 points per dollar on dining. The card also offers the Citi Private Pass, which allows cardholders exclusive access to presale tickets and VIP events.
The Platinum card, by
contrast, only offers bonus points on big ticket purchases, such as flights and
hotels, making it harder to earn a significant number of points when you aren’t
Rewards on $300 monthly restaurant spend
|Citi Prestige card||Platinum card|
|$300 x 5 points x 12 months x 1.11 cent average point value = $200||$300 x 1 point x 12 months x 1.19 cent average point value = $43|
Best for someone who spends a lot on air
travel: AmEx Platinum card
Platinum card has a slight edge over the Citi card when it comes to air travel purchases,
making it a good card for someone who frequently books flights and hotels. The
Platinum card offers a generous 5-point bonus for every dollar spent on flights
booked directly with an airline or with American Express Travel and another 5 points on prepaid hotels booked through
amextravel.com. The Citi Prestige card, on the other hand, offers 5 points for air travel, but only 3 points per dollar on hotel purchases.
American Express membership rewards points are worth slightly more than Citi
Thank You points, you’ll be able to buy more with the points you earn. For
example, if you spend $5,000 a year on air travel, you’ll collect nearly $300
worth of rewards just by using your Platinum cad. With the Citi Prestige card,
you’ll earn around $225.
Rewards on $5,000 annual air travel spend
|Citi Prestige card||Platinum card|
|$5,000 x 5 points x 1.11 cent average point value = $225||$5,000 x 5 point x 1.19 cent average point value = $298|
said, the Prestige card does offer a more generous travel credit, helping
make up for its lower rewards value. Citi Prestige gives cardholders $250 a
year to pay for any travel expense, including airline tickets. The Platinum card,
by contrast, gives cardholders $200 and only allows the credit to be used for
incidental expenses, such as baggage fees.
for someone who frequently spends more than three nights at a hotel: Citi
Citi Prestige card offers a more generous hotel benefit that, in some cases,
surpasses the value of the Platinum card’s hotel bonus. Cardholders who stay at
one hotel for at least four nights in a row and charge the full hotel bill to
their Citi card will be credited with the fourth night free (up to two times a year beginning Sept. 1, 2019). Even with the upcoming cap, the benefit could potentially save you hundreds of dollars a year in hotel bills if you
frequently travel for longer than a few nights. The Prestige card benefit works
no matter whether you stay in a hotel that costs $100 a night or $300 a night.
It doesn’t take multiple trips to see a big benefit: Just one fourth night in a mid-range hotel, for example, could
potentially save you as much $100 or more, depending on where you stay –
earning you well above what you would get with the Platinum card. Charging a
four-night stay at a hotel that costs $150 a night to your Platinum card, for
example, would net you $35.70 in rewards. Charging the same stay using your
Prestige card, by contrast, would only net you $14.99 – but you’d also get your
fourth night free, saving you $150.
Average rewards value for 4 hotel nights ($150/night)
|Citi Prestige card||Platinum card|
|($150 x 3 points x 3 nights x 1.11 cent average point value) + $150 free night = $165||($150 x 5 points x 4 nights x 1.19 cent average point value = $36|
for someone who wants luxury perks on their vacations: AmEx Platinum card
the Citi Prestige and the American Express Platinum card offer a variety of
hotel perks, including early check-in, late checkout, room upgrades when
available, complimentary breakfast and free WiFi. The Platinum card, however,
also includes a free upgrade to Starwood Preferred Guest and Hilton Honors Gold
status – giving cardholders access to even more privileges and special perks at
Starwood, Marriott and Hilton hotel properties. Additionally, the Platinum card
boasts a bigger and more luxurious network of airport lounges.
Citi Prestige vs AmEx
Platinum card travel perks
the Citi Prestige card offers more value and potential than the Platinum card –
especially if you use the fourth night free benefit both allotted times per year. However, the Platinum card offers more comfort and convenience and is an
ideal card for those who enjoy a little luxury.
See related: American Express Premier Rewards Gold vs. Platinum card from American Express, American Express Rewards guide: The best ways to earn and use Membership Rewards points
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