There are really 3 different types of credit cards cards for me.
- Lousy sign up bonus, worthless awards program or a program I just won’t get to the minimum award level on. I don’t apply and waste my good credit.
- Sign up bonus cards that offer a full reward on completing sign up bonus. The best have no first year fee as we are basically being handed a free ticket The Chase Sapphire Preferred Card I’m touting would be in this category. I’ll fulfill the sign up requirements as quickly as possible and it may go in the sock drawer after that. In effect it becomes my “go to card” until I reach the minimum spend threshold. There is a list of these in the database on the right hand blog column (If I find the rewards program to be excellent, it may move to the next category).And an added bonus with some of these cards is the ability to get a revenue ticket that earns miles on the program of your choice. IE: Chase Sapphire, Amex Premier Rewards (when it was 25K), and the US Bank Flexperks card of the past.
- My daily use cards. The old standby SPG card is my “go to card”. I always have a backup card for places that will not take the American Express card. That card is usually not from category #2 as I want to get that minimum spend taken care of immediately. Right now mine is the United Signature card so I can piddle a few more points into my main program.
In summary category #1 cards never make it into my wallet, category #2 cards earn a spot in the leather for a short time only and the daily use card is there day after day after day. When I’m not earning a minimum spend, I’m using category #3 and staying there. The SPG card has been my go to card for 6 years now, except during the Citi Thank You points bonanza. Wow do I miss that one
Citi Prestige® Card
- Annual Fee: $450 fee
- Foreign Fees: No
- Card Type: Bank
The increase to 50,000 ThankYou points for the Citi Prestige card may be a signal that Citi wants back in the game, big time. The sign-up bonus has just been increased to 50K points from the previous 30K offer. An added benefit is a $250 annual air travel credit each calendar year -- so, if you sign up in April, you'll receive the credit this year, and again in January of next year -- which more than covers the $450 first year fee. When you add in lounge access for you and up to two of your guests, you’ve added another $400+ in value. One more benefit worth mentioning is the fourth night free for any four-night hotel stay booked through Wagonlit Travel. And lastly is the $100 statement credit when you sign up for Global Entry and pay for it using the Prestige card. Don’t forget the ever-growing number of airline transfer partners that work with the ThankYou points program.
- $250 Air Travel Credit each year
- Complimentary 4th Night for any hotel stay
- Earn 50,000 bonus ThankYou® Points after $3,000 in purchases made with your card in the first 3 months the account is open.
- Points are redeemable for an $800 flight on American Airlines or US Airways®, a $665 flight on any other airline or $500 in gift cards.
- Transfer points to a variety of travel loyalty programs from airlines to hotels.
- Earn 3x points on Air Travel and Hotels
- Earn 2x points on Dining at Restaurants and Entertainment
- 1 ThankYou® Point per $1 spent on other purchases