Citi Prestige Card Review (2024): Premium Rewards For Gold-Class Travel and Lifestyle

Although premium credit cards are notorious for their exclusivity, their perks are undeniably enticing – and the Citi Prestige Card truly delivers on this promise.

From accelerated miles earned locally and overseas to irresistible perks like a complimentary night's stay, golf games, unlimited lounge access, and more, this card offers an abundance of luxurious benefits. And that's just the tip of the iceberg.

If this intrigues you, then keep reading.

Citi Prestige Credit Card product summary:

• Local spend: 3.25 ThankYou Points (1.3 miles) per S$1 spend

• Foreign spend: 5 ThankYou Points (2 miles) per S$1 spend

• Unlimited Priority Pass airport lounge access for primary cardholders & one guest

• Two complimentary one-way airport limousine transfers per quarter

• Up to S$1 million complimentary travel insurance coverage 

• Six complimentary golf games across Asia – three in Singapore, three regionally in countries like Malaysia, Indonesia, and China

• 1x complimentary night stay when you book a minimum of four consecutive nights at any hotel or resort

• 24/7 global Citi Prestige Concierge service

• Annual income requirement: S$120,000

• Minimum age: 21

• Annual fee: S$545 (No fee waiver)

Pros ✅	Cons ❌
1.3 mpd on local spend	Higher annual fee of S$545
2 mpd on foreign spend	No complimentary annual fee waiver
Unlimited Priority Pass airport lounge access	Higher annual income requirement of S$120,000 to qualify
Complimentary 4th night's stay at any hotel or resort	Tighter T&Cs to qualify for complimentary night's stay
Up to S$1 million complimentary travel insurance coverage when you charge travel fare to card	High minimum spend per quarter required for airport limo transfer
2 complimentary airport limo transfers per quarter
24/7 global concierge service
6 complimentary golf games across Asia
Exclusive Four Hands Dining privileges
Complimentary Sands Lifestyle programme and Mastercard World Elite benefits
Earn miles on rent, condo management fees, school fees, taxes and bills via Citi PayAll
Citi ThankYou Points never expire

Stay your 4th night for free

Do you have an upcoming trip finally making it out of the group chat? 🤪 If it's at least a 5D4N stay, then you're in luck! As a Citi Prestige cardholder, any hotel or resort booking reserved through Citi Prestige Concierge for at least four consecutive nights will be entitled to the fourth night free!

Essentially, cardholders will receive a rebate as statement credit for the fourth night within two billing cycles (up to 90 days) after completing the booking payment. This rebate value is calculated based on the average nightly room rate of the first four-night stay in the same hotel property.

Here's an example of what the breakdown will be like:

Length of stay	1 June	2 June	3 June	4 June
Rate (Pre-tax)	S$100	S$120	S$150	S$120
Average rate	S$122.50 (Refunded to card)
Actual hotel points earned	S$100 + S$120 + S$150 + S$120 = S$490

As seen here, the average nightly room rate for this is S$122.50. Consequently, this amount will be compensated to you in cash rebates from Citi. Notwithstanding that, you can still earn elite credit or hotel points based on your original full accommodation expenditure.

And yes, this applies to any hotel or resort worldwide. However, do note that the free fourth-night stay does not apply to hotel suites, rooms with lounge access, full and half board room stays, home & farm stays, service apartments, villas, and other packaged stays. Only prepaid rates on the hotel's website or Expedia can be booked.

💡 Pro-tip: Request Citi Concierge to help book the hotel at a no-discount rate to continue accumulating points towards your hotel membership status.

Earn unlimited bonus points worldwide

The Citi Prestige Card doubles up as a travel credit card, offering 5 ThankYou Points (2 miles) per S$1 on local spend and 3.25 ThankYou Points (1.3 miles) per S$1 on overseas spend. 

And unlike other miles cards like HSBC Revolution Card or UOB Lady's Cards, the Citi Prestige Card has no cap on the number of ThankYou Points you can earn.

This means, you can continuously earn bonus miles on both local and overseas expenditures without worrying about any spend or bonus point limits.

Your (priority banking) relationship with Citi matters

What distinguishes the Citi Prestige Card even further from other Citi cards is its unique Relationship Bonus. Essentially, the better and longer your relationship with Citi Singapore, the more additional ThankYou Points you'll be entitled to.

Here's how Citibank will derive the additional point bonus based on your annual retail card purchase:

Tenure with Citi Singapore	0 - 5 years	6 - 10 years	> 10 years
With Citigold / Citigold Private Client relationship	15%	20%	30%
Without Citigold / Citigold Private Client relationship	5%	10%	15%

Assuming you're a Citigold client who's been banking with Citibank for more than 10 years, your Relationship Bonus rate will be set at 30%. This means that you'll receive 30% bonus ThankYou Points based on your total card spend per year. 

For example, if you spend S$30,000 per year, you'll earn 9,000 bonus Citi ThankYou Points. Now, accounting for 3.25 ThankYou Points per S$1 on these local expenses, that's 97,500 ThankYou Points. In total, you would've accumulated 106,500 ThankYou Points on your Citi Prestige Card.

Citi ThankYou Points can be redeemed in 25,000 blocks = 10,000 KrisFlyer miles.

Thus, 106,500 ThankYou Points can be converted to 42,600 KrisFlyer miles – which is enough to redeem a Singapore Airlines Business Saver Award ticket from Singapore to Kuala Lumpur or Jakarta!

High annual fee and annual income requirement

Although it poses a high annual fee of S$545, this is not uncommon among metal credit cards. In fact, one could even argue that this figure is relatively modest among premium cards.

For perspective, the AMEX Platinum Charge Card has an annual fee of S$545, while the UOB Visa Infinite Metal Card has an even higher annual fee of S$654. None of these cards permits a complimentary fee waiver, either.

Additionally, all these cards require a hefty annual income of S$120,000.

So objectively speaking, the Citi Prestige Card is somehow one of the more attainable metal cards out of the bunch. 

No points pooling

Unfortunately for Citibank, points cannot be pooled across cards, even if they're all Citi ThankYou Points.

While both the Citi Rewards Card and Citi Prestige Card earn these points, they must be converted separately for frequent flyer miles or cash rebates, each incurring its own conversion fees.

Additionally, if you choose to cancel the card, you'll need to transfer all your points out, otherwise they'll be forfeited.

What charges or fees should you look out for?

• Annual fee: S$545 (No fee waiver)

• Late payment charge: S$100

• Minimum monthly payment:

  • If balance < S$50: Pay current balance

  • If balance ≥ S$50: or 1% of current balance plus outstanding unbilled instalment amounts (if any), interest charges, upfront service fees (if any), late payment charges, or S$50, plus any overdue amounts, whichever is higher

• Overlimit fee: S$40

• Interest rate on purchases: 27.9% p.a.

• Interest rate on cash advance: 27.9% p.a.

• Cash advance fee: S$15 or 8% of withdrawal amount, whichever is higher

• Foreign transaction fee: 3.25%

• Dynamic currency conversion (DCC) fee: 1%

Eligibility criteria

• At least 21 years of age

• Minimum annual income: S$120,000

Click on the ‘Apply Now’ button on this page and complete the application form on SingSaver site. You might need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass

• Salaried employees: Past 12 months' CPF statement or latest Income Tax Notice of Assessment or latest original computerised payslip (Singaporean/PR)

• Self-employed: Last 2 years' Income Tax Notice of Assessment and last 3 months' bank statements (Singaporean/PR)

• Foreigners: Work Permit (min. 6 months validity), a copy of utility/telephone bill or bank statement with name and address, and Income Tax Notice of Assessment and latest original computerised payslip

After all that's said and done, is the Citi Prestige Card really worth getting? If you can satisfy the minimum S$120,000 income requirement and you're on the hunt for your first premium credit card, we'd say go for it.

Especially for jetsetters or digital nomads, the unlimited complimentary fourth-night stay will definitely come in clutch. Moreover, when coupled with its unlimited airport lounge visits, bonus miles locally and overseas, complimentary travel insurance coverage, and even two airport limo transfers per quarter, travel has never felt so luxurious.