I am going to look at this post one day and ask how I ever paid $495 for a credit card. It made sense at the time when I applied last year (see Citi Prestige: No Amex Platinum? No Problem). This is the second time I’ve had the card and the second time I am canceling (see Keep vs. Cancel: Citi Prestige). Back then I was too frugal to pay $350 for the annual fee, and back then the card came with the real 4th Night Free benefit, Admirals Club access, and free golf. Now all that’s left that I use is the $250 travel credit and access to the Priority Pass network. I’m not going anywhere thanks to this lockdown (see Canceled! TPOL’s Move to Albania) making these benefits useless.
The problem I will have in 2021, when I predict I will be able to travel again, is redeeming my points. Since I downgraded to the Citi Plus card, I can no longer transfer my points to airline partners. By then I’ll either upgrade, or maybe Citi will abolish the stupid restrictions on applying for a bonus again. It will be interesting to see if card issuers continue to increase the annual fee on these cards while cutting their benefits. Right now, it seems crazy to spend $495 on anything that is not essential. I expect the trend of canceling cards to continue.
Retention Offer?: The retention chat took one day to receive a response. And the retention offer was $0.00.
TPOL’s TIP: Link your Citi+ ThankYou account to your Citi Prestige ThankYou account. Otherwise, your points will expire in 60 days. Stupid right?