Citibank Prestige Credit Card Review (India)

By | July 27, 2016

Issues under Visa Infinite variant, Citibank’s Prestige credit card stands on top and provides double the benefit compared to PremierMiles Credit Card with unique Travel Perks that’s not with any other credit card issued in India. Similar to Premier Miles card, Prestige has vast set of redemption partners and it is the card for those who want to play with air miles and International Hotel Loyalty programs.

Citi Prestige Credit Card india

Citibank Prestige Visa Infinite Credit Card in india

Welcome Bonus Citi Prestige Credit Card:

Annual membership fee: Rs 20,000.

While the Joining fee of Citi Prestige card is quite high, it also comes with equivalent benefits through vouchers and reward points. below are the joining bonus benefits.

  • 10,000 bonus air miles
  • Rs 10,000 Vouchers from Taj Group or ITC hotels

That’s equivalent to Rs.20,000 in value, provided you’re smart enough to redeem the airmiles at Rs.1 or more. That’s usually possible with long haul International First Class award ticket or domestic award ticket redemption during the offer period.

Ongoing Benefits of Citibank Prestige Card:

  1. One night complimentary stay, on minimum booking of 4 nights
  2. Unlimited complimentary Priority Pass lounge access at over 950+ airports (for primary and supplementary card members)
  3. Elevated status on the loyalty programs – British Airways & Taj Group
  4. Two annual complimentary luxury airport services and meet & assist services at over 30 international airports within Asia Pacific region.

Out of all these benefits, elevated status with British Airways and luxury airport services is what makes the card a special one to me.

Awesome Rewards Program:

  • 1 Reward point on every Rs.100 Domestic spend
  • 2 Reward points for every Rs.100 International spend
  • Value of 1 Reward Point = 4 Air Miles (with most Airlines)
  • Earn up to 30% bonus points up and above your regular earn, basis spends on the Citi Prestige credit card, if you are an existing Citigold or Citigold Private Client

The last point is what makes the card a super special. For example, lets say you spend 10 Lakhs on international expenses which will get you 20,000 Points normally. With 30% extra bonus, you get total of 26,000 Points which is equal to 1,04,000 AirMiles. That’s a whooping 10% value back. Incredible!

Well, from bank and Air-miles perspective, most of them utilize the points for domestic flight tickets or international economy tickets, which reduces the value of the point by half. Hence it seems Citibank is able to buy lots of miles from the Airlines at rates far less than Rs.1.

Features of Citi Prestige Credit Card:

  • Card Expert Rating: 4.5/5
  • Reward rate: 4% normally to upto ~10% overseas
  • Annual Fee: Rs 20,000.
  • Complementary Airport lounge access: Yes,Β  4 visits per quarter to Visa Lounges in India & unlimited access via Priority Pass Lounge Program across the globe (also to add-on members)
  • Foreign Exchange Markup fee: 3.5% + Service Tax

Though the Reward Rate may look eye catching, this card is only for those who can play smart with Points & Miles with Airline and hotel loyalty programs. That being said, its on my wishlist for quite a time. Hopefully will hold the card by 2017 provided they don’t devalue the card at that point πŸ˜€

Do you hold this card or wish to apply for one? Share your views in comments below.

60 thoughts on “Citibank Prestige Credit Card Review (India)

  1. Nipun

    Hi,

    I got the offer to upgrade but I could not dare for a Annual Membership fee of Rs.20,000 plus ST.

    Guess this is the costliest membership card they have.

    Reply
    1. Siddharth Post author

      Yes, but its worth it just for the Priority Pass & Taj vouchers. They’ve welcome bonus points too to justify the fee. Its for the affluent few πŸ™‚

      Reply
  2. Hrishig

    I have this and one extra service will be airport pickup /drop in apac region which typically costs above 5k +. So if you are travelling once in a year internationally this is good card to have.

    Reply
    1. Siddharth Post author

      Thanks for sharing the info. Could you please more in detail as to how it works from your experience?
      This is one of the unique service which i wish to try someday πŸ™‚

      Reply
      1. hrishig

        You need to call them in advance and book a limo for either pickup or drop at airport once in six months for free. In india they send bmw/audi/merc at metro cities. This service is not avalible in other cities. The same deal is applicable in APAC region.

        The other advantage is you can get 2 nights free stay by using some tricks.
        Citi prestige offer 4th day free when hotel booking is done by them.
        Now you select some hotel chain which is offering 5th Day free by doing 4 days booking. ( Works best for international stays)
        So in Apac region you call citi desk book such hotel for 5 days and pay only for 3 days . ( 40% saving)

        Prestiage card Customer service is the best across all the cards I have seen so far.

        In short if you are plannning / doing trips in APAC, this card you can save a lot ( Hotel+ longe+ Limo + cashback) inspite of spending 20k fee.

        Reply
        1. Siddharth Post author

          Got it.
          Thanks much for the detailed info on that πŸ™‚

          Reply
    1. Dhruv

      Today, I did a detailed analysis… and Infinia wins.
      Both give you the priority pass bit.

      Infinia points however are easier earned and worth Re. 1 each when you redeem them for tickets / hotels on the infinia travel rewards portal, which gives competitive rates and does NOT even charge the convenience fee!

      Infinia has Golf and other privileges too.. like Vistara / etc. You can choose to trade points for air miles as well, but have the option.

      Also, renewals…. Infinia charges 10k (which can be waived off if you spend 8 lakhs a year … normally happens for people who are entitled this card and use it). If you do land up paying the 10k, you get 10k points which as I said is exact equivalent of 10k. rupees when booking on their portal. Prestige on the other hand takes 10k. and gives you 10k Airmiles = 2500 points of Re.1 each.

      TAJ… Infinia broke its tie up , but hardly matters because one can always buy the Epicure membership with the $$$ saved and when you buy the membership, you get a free night coupon and few extra perks like 50% cash back on first 3 swipes. I did just that.

      Foreign currency mark-up: Infinia + Regalia are the only 2 cards I have seen with a ONLY 2.5% mark–up, vs all others @3.5%

      THERE IS ONE advantage of Citi…. In some countries where the currency is not normal, like Vietnam and Cambodia… most bank cards do not work. I had a friend stuck without cash. In such places, as was the case with him, he found a Citibank and they gave him cash.

      Reply
  3. Ojas

    I’ve been using a CitiBank PremierMiles card for a few years now and have been regular with my payments. Full repayment every month. How can i get an upgrade to the Prestige Card? I also have a CitiGold level relation with them.

    Reply
  4. NITIN

    Finally received the card yesterday. They have 5L credit limit. Concierge is quite helpful with hotels but encourage to book flights online. Will post my views one I use it for few months. For flight booking, I will continue to use Premier mile card as it gives better returns. Priority pass didn’t allow free guest to lounge clearly mentioned in T&C.

    Reply
    1. Siddharth Post author

      Congrats Nitin. Feel free to share your experience with the card soon.

      Reply
    2. ND

      To be honest I’m surprised with 5L limit for an eligible card member with 40L gross income is way too low.

      Is this the usual credit limit Citi offers on Prestige?

      Reply
  5. Muhammad Abrar

    How can i redeem the CitiBank Prestige airmiles at Rs.1 or more i am looking to book a flight to San francisco from New Delhi
    Can you give any example

    Reply
  6. Guru

    I have Citibank PremierMiles card with 5L limit. I wrote to Citibank customer care asking them if my card can be upgraded to Prestige. They agreed to do so with the usual 20K annual fees. I have also written to HDFC to upgrade my Jet World card to Infinia. Awaiting their response. Accordingly will take a decision.

    Reply
  7. Akbar

    I need to apply fr hdfc infinia or citi prestige how can i.
    I hold hdfc regalia business first card and citi rewards

    Reply
    1. Prashant Gupta

      Akbar just go through respective threads and u will get ur answer.

      Reply
  8. hrishig

    the advantage with citi prestiage is the help line. I am with hdfc for more than 10 years but every time I call them I feel like talking to robots/chimps. citi prestiage helpline is far far better.

    Reply
  9. Ashutosh

    Infinia and Regalia and Diners are all 2% forex mark up and not 2.5%. The lowest in the industry except DBS debit card which is 1.8%. DBS debit is an infinite visa card. (but a debit card πŸ™ )

    Reply
    1. Srikrishna Raajan

      DBS debit as you have mentioned here is DBS Treasures Visa Infinite debit card which has 1.75% FCY markup but can be obtained only on opening DBS Treasures account with a minimum TRB (Total Relationship Balance) of INR20 Lakhs and above. And more over DBS is very stringent with the forex transactions and allows a transaction only it passes through VBV.

      Instead of this, YES First Preferred card would work the same with 1.75% FCY markup and I think it is not that very hard to get approved.

      Reply
      1. Abhishek Roy

        If you love to use debit card you can get a full waiver on mark up fees with IndusInd Signature Exclusive Debit Card

        Reply
  10. Ashutosh

    And from what I know, Citibank has reduced their markup to 2.5% from 3.5%. I have the premier miles card and waiting to clock up many miles so I can take the prestige and finally convert it x 4. πŸ™‚

    Reply
  11. Ankur Mittal

    The main issue with Citibank is that they don’t allow spending on credit cards for business purposes and high spendings are mostly for business purposes only.

    Reply
    1. Siddharth Post author

      Don’t allow in the sense, are they kind of giving warning or not honouring the txn itself?

      Reply
      1. Ankur Mittal

        Citibank called me and told that you can’t use the card for business purposes. The same is written in terms. Others have also faced similar issue.

        Reply
        1. Siddharth Post author

          This is quite sad to know. Never knew banks started limiting the spend types.

          Reply
          1. Amex Guy

            No, it’s not a transaction type. You cannot use *any* personal loan given to you as business loan. What they mean is you cannot use it in lieu of a business loan, not monthly spends you do for business. Any bank if finds out you used a personal loan to buy stuff you can sell in future (that is, a business loan) will sue you when you default.

            This does not include expenses that you will bill to your company or business.

  12. Majumdar

    Ankur,

    What is meant by “business expenses”? Does it mean that even salaried employees cannot use the card for booking expenses like tickets, hotels on official duties as well?

    Regards

    Reply
  13. J Rao

    I am thinking of buying the Citi Prestige card and had following questions:
    a) Does anyone know whether it has a similar travel portal to purchase airline tickets like premiermiles.co.in? I wonder otherwise how we can use the award points to buy airline tickets without converting them to air miles of the Airlines they only support?
    b) What is the conversion of award points to Rs. when we purchase air tickets directly? I heard this card also works at goibibo or yatra travel portals, so what would be the rupee value for 1 award point if we were to use one of these portals to buy air tickets?
    c) They talk about a rewards catalog where we can redeem their award points. Anyone has a link to this catalog?

    Reply
  14. Sonar Menda

    Hi sid, what should be the annual income to get citi prestige card?

    Reply
  15. Vikram

    Annual gross must be at least 40L to even initiate the application procedure. You cannot even apply for this card otherwise.

    Reply
  16. Amex Guy

    You can convert the 10K bonus points to 40K Premiermiles. That is 0.45*40K = 18000 rupees value. And you can use them to book whatever you want. πŸ™‚

    Reply
      1. Amex Guy

        Actually I was wrong, you get 10000 miles, not points. You get 2500 points every year, which will convert to only 10K premier miles.

        I didn’t mean downgrading, if you have both PremierMiles and Prestige, Citi allows you to convert Prestige points to PM.

        The first revelation makes me not-so-inclined to upgrade to this. It would be worth it if it came with more higher tiered hotel/airline memberships. Amex Platinum is still where it’s at. Especially when points to hotel points conversion is still exactly same as PM. And you don’t get 4.5% return on travel sites with this.

        Reply
  17. Ajesh

    Did Citi remove the Elevated British Airways Status offer for the card ? . In their website , only Taj Silver membership status only mentioned.

    Reply
  18. Nithish

    Do they provide 10000 taj vouchers every year on renewal , that’s what is mentioned on their website ? Any experiences ?

    Reply
  19. nithish

    Ive asked CITI bank to upgrade the card to CITI prestige and they said they cant as they dont see any offer. I have their premier miles card with 4 lakhs limit. any help on the upgradE?

    Reply
  20. nithish

    Ive called CITI bank and they said they cant upgrade my card to prestige. I then called prestige call centre and they said theyll approve the card. customer care of prestige is very good. even when i had 3.8 lakhs limit they took my request and issued the new card. I’m mainly taking this card for Ethihad miles to use it on jet airways. Ethihad miles are 40 percent less than jet airways to travel in India. so we can use 4 X conversion to ethihad and inturn use those miles in jet airways. my friends says , jet miles is 8000 for vizag to mumbai but ethihad is only 5200 . πŸ™‚
    Not only that I’m inspired to have a premium card where im getting back the benifits of 20000

    Reply
    1. Nitin Khanna

      Hi Nithish, Can you provide the customer care number for Prestige card?

      Reply
      1. Nithish

        To apply for (or to know if you are eligible) Citi Prestige Credit card, you can contact the Citi Prestige Service line at +91-22-49181050, 1-800-419-1050 (toll free).

        Reply
    2. Ashwin

      Mumbai – Vizag is 8550 EY miles as per the latest redemption. Still I think it is good Domestic business class and even international domestic.

      Domestic business is just 2000 miles more than for economy. Chennai – Colombo is only 5000 miles which is good value.

      Another point to note is Etihad Guest status is valid for one year only.

      Reply
      1. Nithish

        Thanks Ashwini . What do you suggest the best mile to play with in prestige card ?

        Reply
        1. Ashwin

          EY is good for domestic business class and international economy. There are times (like right now) where you get 20% extra miles on transferring. You could accumulate prestige points and just when you want to travel, you could transfer and book.

          Reply
    3. Abhishek Roy

      Hi, does the income criteria of 40Lakh/annum stringently followed? Is Credit Limit also a criteria?

      Reply
      1. Nithish

        No they didn’t even ask my ITR , my credit limit is around 3.8 lakhs

        Reply
        1. Ashwin

          Can you please share what card you had with Citi? How long you had used it before getting to Prestige.

          Reply
          1. nithish

            i was having premier miles card since 1 years but citi card holder since 4 years

          2. Hari

            Eligibility for prestige card
            5 Lakhs limit on existing Citi credit card or ITR of 24 lakhs or Gold relationship with Citi bank.

      2. HP

        I am getting a prestige issued for me. The income criteria for the same is an ITR of 25L. It may be noted however that they waive the annual fee of 20000 INT if you have a Citi Gold level relationship which apparently is not published on the website but is mentioned by the sales team of Citi. Time to move my Imperia relationship from Hdfc to Citi as the fools are unwilling to issue an infinia to me!

        Reply
  21. Nithish

    Guys I just got a prestige card , can someone share which would be the right miles to play and accumulate with citi prestige . Thanks

    Reply
    1. Pawan

      Try BA avios they don’t as long as your account got activity. Cathay Pacific is good for availability but miles expire in 3yrs.
      It also depends on where you want to travel?

      Reply

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