Just a quick note, my Citibank personal banker said to me Friday that he just came back from training session about a new version of Citibank Thank You Prestige Mastercard that will be testing in January in the San Diego, Seattle, and NYC markets. The current Prestige card has an annual fee of $500 and comes with an annual companion ticket. He did not have a lot of the details, but put me on the email list for when he had information he could release.
He also implied that it would come with TWO free tickets annually, that could be used for domestic or international travel. Sounds to me like a lot of hot air, but I will be keeping my eye out for the offer.
I have not really been a fan of Citibank credit cards other than the AAdvantage mileage earning cards, he siad the relationship with AA has been strained since the bankruptcy filing. Citibank appears to be testing the market in high end cards.
Disclosure: I do not recieve any compensation from Citibank for any credit card promotional offers.
UPDATE:
Here is information on the new card.
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CARD AT-A-GLANCE:
- Annual Fee: $400.00
- Purchase APR: 15.24% variable APR1
Earn 30,000 bonus ThankYou® Points
– enough for $300 in gift cards – after you spend $2,000 in purchases within 3 months of account opening3
Prestige Travel Benefits
Get up to $200 in statement credits for airline fees3, an annual worldwide companion ticket booked through our travel benefits provider3 and complimentary 4th night stay at luxury hotels3
Superior Earning Potential
With Citi PrestigeSM, you’ll earn 2 points for every dollar you spend at dining establishments, points for the miles you fly and relationship bonus points based on a percentage of your yearly spend2
No Foreign Purchase Fees1
24/7 Prestige Global Concierge
From travel and entertainment, to reservations for dinner and everyday tasks, our global Citi Prestige Concierge team is here to provide assistance from anywhere in the world3
Chip Based Technology
Travel with ease and enjoy global acceptance knowing that your Citi Prestige Card can be used at international merchants
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Decent amount of discussion of this card online since June, just google the name.
E.g. http://www.drcreditcard.net/citi-thankyou-prestige.html and http://ficoforums.myfico.com/t5/Credit-Cards/Citi-ThankYou-Prestige-World-Elite-MasterCard/td-p/1462144
From what’s been mentioned so far, not much to see here.