Credit Card Review: Citi Prestige

For a long time, the Citi Prestige wasn’t a card I used for everyday purchases but instead spent time as a “special teams player,” wherein I’d pull it out of the drawer to make specific purchases for the benefits it provided, such as concert ticket protection or travel insurance coverage.

On January 4, 2019 the Citi Prestige earned a spot in my wallet. The bonus categories improved significantly and it became a card I could use all the time. Ever since then, Citi has chipped away at the value of the card to the point where I question the card’s place in my wallet or even in my sock drawer. What a difference 9 months makes.

The Citi Prestige is one of the premium credit cards on the market and you need to have good credit to be approved for one. It also carries a hefty $495 annual fee. You’ll have to decide if it’s worth it to you.  Continue reading “Credit Card Review: Citi Prestige”

The Credit Cards That Will Pay For Your Global Entry Or TSA PreCheck Application Fee (Updated July 2019)

Global Entry is a program of the U.S. Customs and Border Protection service that allows pre-approved, low-risk travelers to receive expedited clearance upon arrival into the United States. In my opinion, it’s a no-brainer decision for any frequent traveler to sign up for this program. The $100 non-refundable application fee is a small price to pay in order to blow past the long immigration lines when returning to the United States. Your Global Entry status is then good for five years. So that’s $20 a year. Where else can you buy VIP treatment for twenty bucks?

What makes this an even better deal is when you’re approved for Global Entry, you also get a Known Traveler Number (KTN), giving you access to TSA Pre✓® lanes at domestic airports. This program charges an $85 membership fee if you apply for it separately, so it only costs an extra $15 to get expedited entry when entering the U.S. on international flights (as well as some cruise ports and land crossings). You could just apply for TSA Pre-Check instead of Global Entry but the process is similar and if you’re getting reimbursed, why not go for the better deal?

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Continue reading “The Credit Cards That Will Pay For Your Global Entry Or TSA PreCheck Application Fee (Updated July 2019)”

What Should I Do With My Citi ThankYou Points?

On September 1, 2019, Citi is going to change the fourth-night free benefit on the Citi Prestige to make reservations only bookable through the ThankYou portal or by calling a Thank You representative. Then on September 22, 2019, Citi will remove most of their travel insurance and shopping protections from almost all of their card portfolio.

These changes made me rethink our Citi card portfolio and one of the possibilities was canceling our Citi Prestige card. With Citi’s rules, if I cancel a card the points associated with that card expire in 60 days, even if you’ve transferred those points to another Citi ThankYou card which you are keeping open.

If I’m going to need to cash these points out, I better explore my options.

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How I Spread Out Our Credit Card Spending For The First Half Of 2019

It’s now the second half of 2019. Besides being a good time to look at how we’re doing on our New Year’s Resolutions (I’ve joined a gym but I’m not going as much as I’d like), it’s as good of a time as any to look at our points and miles situation.

Some bloggers are looking at their progression on qualifying for status with airlines or hotels (Ben from One Mile at a Time wrote about his progression, and congrats to him for figuring out it doesn’t pay to be loyal). Since I couldn’t care less how many nights I’ve stayed at a hotel chain or how many miles I’ve flown with an airline, what can I look at?

After sign up bonuses for credit cards, ongoing spend is the next most important way I accumulate points and miles. Looking into where I’m putting that spend and if it fits the plan I have for our points earning is a smart thing to do.

Thanks to Quicken and some scrap paper, here’s a breakdown of our spending for the first six months of 2019.

Continue reading “How I Spread Out Our Credit Card Spending For The First Half Of 2019”

Here’s My Citi Card Strategy After The ThankYou Card Devaluations

When there’s a major change in the points and miles environment, it’s a good idea to take a step back and evaluate the new lay of the land. I don’t like to rush into making decisions and I’ve had some time to think about the news that Citi is going to eliminate all of the price & product protections as well as travel insurance benefits from their cards, including the Citi Prestige, as of September 22, 2019.

My gut instinct told me that the Citi Prestige wasn’t going to be worthwhile anymore and I’d cancel it. To make things more interesting, Citi is allowing people to cancel and get a prorated refund until January 1, 2020. I have my time limit where I’d need to make a decision.

If I am going to cancel the card, there are things I need to think about beforehand. I need to have a strategy and be smart about how I proceed.

Here’s my plan (subject to change):

Continue reading “Here’s My Citi Card Strategy After The ThankYou Card Devaluations”