If you’re looking for a travel credit card with annual fees under $100, the Citi Premier® Card should be at the top of your list. This card only costs $95 per year, but cardholders can earn 3X points in daily spend categories and a generous welcome offer, to boot.
The rewards you earn with this card are flexible enough to be redeemed for cash back, statement credits, gift cards, or even payments on a student loan or mortgage. You can also redeem Citi ThankYou Rewards points for travel (including hotel stays) through the Citi Travel Portal or for transfers to Citi partner airlines and hotels.
The Citi Premier card even comes with a premium travel benefit that offsets the annual fee. With Annual Hotel Savings, Cardholders can save $100 off the cost of an eligible resort stay once per calendar year.
This guide will walk you through exactly how Citi Premier’s $100 annual savings benefit works. But first, take a look at the rewards rate and welcome bonus details for this popular travel credit card.
Citi Premier Card Highlights
- Welcome bonus: 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening
- Awards: 3X points on purchases from restaurants, supermarkets, gas stations, hotels and air travel; 1X points on all other purchases
- Annual subscription : $95
- Regular APR: 15.99% to 23.99% variable
- Foreign transaction fees: Nothing
What is the $100 Citi Premier Card Hotel Savings Benefit?
According to Citi, the Citi Premier Card gives you an annual discount of $100 off a hotel stay of $500 or more (excluding taxes and fees) when you use your Citi Premier Card and book through thankyou.com or 1-800-THANKYOU.
With that in mind, the annual hotel savings benefit is more of a travel discount than a free night. However, getting $100 off a hotel or resort stay of $500 or more is equivalent to getting up to 20% off. And, who doesn’t want to save money on hotel stays?
Interestingly, the $100 annual hotel savings benefit can be used for vacation bookings made with cash or a combination of Citi Points and cash. That means you might be able to pay at least $500 of your stay in cash, see the $100 in hotel savings lower your bill, and then use Citi ThankYou points to cover the rest.
How to Use the $100 Hotel Savings Perk
The Annual Hotel Savings Benefit is available to Cardholders once per calendar year, and is valid for hotel stays valued at $500 or more, excluding taxes and fees. To take advantage of this benefit, you must book your hotel stay through ThankYou.com or by calling 1-800-THANKYOU.
To receive the $100 discount, you must prepay for your hotel stay with your Citi Premier card. Once the discount is applied to your booking, you can use Citi ThankYou points to cover any charges above the $500 minimum booking requirement.
You can cancel your hotel reservation if the property offers a flexible cancellation policy, and the $100 hotel savings benefit will be returned to your account for you to use during the remainder of your stay. the calendar year.
Note that we said calendar year not the year of the holder. This means you can apply for the card in the fall, use the hotel discount before January 1, and then use it again immediately after the start of the new year.
Other rules that apply include:
- Reservations must be made by the primary cardholder, although reservations can be made in the name of the primary cardholder or authorized user.
- Vacation packages are not eligible for this benefit.
- $100 annual hotel savings cannot be combined in the same transaction with the Citi Prestige® Card Fourth Night Free benefit (if you have both Citi credit cards).
- This advantage cannot be combined with other promotions or discounts.
How does this benefit compare to resort credits offered by other travel cards?
The fact that the annual hotel savings benefit is a discount may be a little disappointing, but this benefit is quite comparable to those offered by similar travel credit cards. For example, the Chase Sapphire Preferred card comes with the same $95 annual fee and somewhat similar bonus categories, but users only receive a $50 annual hotel stay credit to use through the portal. Chase Ultimate Rewards. Again, this discount is applied to any hotel booking through the portal, meaning you don’t have to spend $500 or more just to use it.
Premium travel credit cards like the Chase Sapphire Reserve and the Capital One Venture X Rewards credit card offer annual travel credits worth $300, but these cards charge a much higher annual fee of $550 and $395, respectively.
There are also hotel credit cards that offer free nights either in the first year or after your card’s anniversary. However, rewards earned with hotel cards are much less flexible than Citi ThankYou points.
Is Citi Premier’s $100 in hotel savings worth it?
If you’re a Citi Premier cardholder and typically stay at a few hotels each year, the annual hotel savings may be worth it. Remember to shop around and compare hotel prices on sites other than thankyou.com. After all, using the $100 hotel savings perk won’t leave you any better off if you pay significantly more for the reservation than you would pay elsewhere.
And, either way, the Citi Premier card is well worth it in the first year because of the sign-up bonus. The welcome bonus you can earn is worth $600 in gift cards and other rewards, so you can more than offset the annual fee regardless of the hotel’s annual savings benefit.
The bottom line
The $100 annual benefit offered by the Citi Premier Card is just one reason to sign up for this card, but there are many more. For example, you can register just to take advantage of the welcome offer or because you want to earn 3x more points in many categories. You may also choose this card because you want to earn Citi ThankYou Rewards points, which can be redeemed for statement credits, gift cards, travel and more.
Even so, it never hurts to compare other travel credit cards and their benefits before applying. While you might miss an annual discount on your hotel stay, other cards offer perks you might prefer.