This summer has been bustling for credit card issuers, with numerous updates and new releases making headlines. Among them, Citi has unveiled its highly anticipated successor to the Citi Prestige® Card: the Citi Strata Elite℠ Card. With a $595 annual fee, this card is packed with unique benefits that have surprised many. Below, we provide a comprehensive overview of the new Citi Strata Elite, designed to cater to premium cardholders while strengthening Citi’s longstanding partnership with American Airlines.
The Citi Strata Elite comes with a hefty $595 annual fee, significantly higher than its counterpart, the Citi Strata Premier® Card, which charges only $95. Notably, existing Citi Prestige cardholders will retain their cards and can still apply for the new Citi Strata Elite, provided they meet Citi's eligibility criteria. This new card offers over $800 in statement credits, extensive travel protections, and exclusive access to Priority Pass lounges. Furthermore, it uniquely provides Admirals Club access through four annual lounge passes, making it a standout option for frequent flyers.
In conjunction with the launch of the Citi Strata Elite, Citi has added American Airlines AAdvantage as a transfer partner within the ThankYou Rewards program. Eligible cards, including the Citi Strata Elite, Citi Strata Premier, and Citi Prestige, can now transfer points at a 1:1 ratio, meaning 1,000 ThankYou points convert to 1,000 AAdvantage miles. This partnership positions Citi as the only major credit card issuer to offer American Airlines as a transfer option, enhancing the card's appeal for avid travelers.
Cardholders of the Citi Strata Elite can add authorized users for $75 each. These authorized users will gain their own Priority Pass Select memberships, allowing them to bring two guests to lounges. They will also enjoy all travel and shopping protections associated with the card, making it a valuable addition for family or friends who travel frequently.
The earning rates on the Citi Strata Elite differ from typical premium credit cards. Cardholders can earn:
12 points per dollar on hotels, car rentals, and attractions booked through the Citi Travel portal. 6 points per dollar on airfare booked through the Citi Travel portal. 6 points per dollar spent at restaurants (including delivery services) on CitiNights℠ purchases every Friday and Saturday from 6 p.m. to 6 a.m. Eastern time. 3 points per dollar on restaurant purchases outside of these hours. 1.5 points per dollar on all other purchases.Citi emphasizes the use of its travel portal to maximize rewards, which may be a drawback for those accustomed to earning extra points on direct bookings with airlines or hotels. However, the elevated earning rate for weekend dining is a unique feature for those who frequently enjoy meals out.
The Citi Strata Elite provides several statement credits and benefits that help offset its annual fee, with some offerings being quite distinctive. Cardholders can expect:
$300 annual hotel benefit: Receive up to $300 off a prepaid hotel stay booked through Citi Travel (minimum two-night booking). $200 Splurge credit: Get up to $200 in statement credits on personal choices like American Airlines, Best Buy, and more. $200 Blacklane credit: Enjoy a biannual statement credit of up to $100 for chauffeur bookings. $120 Global Entry/TSA PreCheck credit: Obtain a statement credit toward Global Entry or TSA PreCheck every four years.The combined value of these statement credits and Admirals Club access can reach approximately $1,100, making it relatively easy for cardholders to maximize their benefits. The hotel benefit is particularly appealing, providing immediate discounts on eligible bookings.
The Citi Strata Elite is a formidable addition to the premium credit card market, positioning itself among rivals like Chase, American Express, and Capital One. With its association with American Airlines, the provision of Admirals Club passes, and unique statement credits, the card may justify its annual fee for frequent travelers. However, it’s worth noting that Citi lacks its own airport lounges, and while the Priority Pass membership is valuable, the quality of lounges may vary. The card excels in offering high earning rates for bookings through the Citi Travel portal; however, those who prefer direct travel bookings may find the earning potential limited. Overall, the Citi Strata Elite provides innovative features, particularly for those who dine out on weekends or regularly travel with American Airlines or Oneworld partners.
