Citi Credit Cards Losing Many Benefits on September 22nd 2019
There is some bad news for travelers coming down the pipeline for their Citi card lineup. Citi has decided to remove all of the insurance and travel benefits that card holders rely on when booking their travel. It will make many reconsider which card they use to make their bookings going forward.
So What Are We Losing
We will be losing pretty much everything come September 22nd. They are alerting cardholders via a popup when they log into their accounts. Here is a list of everything that will be removed:
- Worldwide Car Rental Insurance
- Trip Cancellation & Interruption Protection
- Worldwide Travel Accident Insurance
- Trip Delay Protection
- Baggage Delay Protection
- Lost Baggage Protection
- Medical Evacuation
- Citi® Price Rewind
- 90 Day Return Protection
- Missed Event Ticket Protection
The Dividend and Double Cash cards will also lose extended warranty and purchase protections.
What Scraps Did They Leave Us?
Citi did leave us a few small perks at the end of the day:
- Extended Warranty and purchase protection remains on all cards except the two listed above (double cash & dividend).
- Prestige’s cell phone protection
- Prestige’s 4th night free (this is a big one to keep on at least even if recently devalued)
Why I Don’t Actively Collect ThankYou Points
This is one of the main reasons I don’t actively collect Citi ThankYou points. Citi is not afraid to make massive changes after just a short time. They also do it more often then other lenders. They massively devalued the Prestige within the first year that it launched. Then they added back some benefits but a little while later they devalued the 4th night free perk, and now have removed most of the card’s fringe perks. That is too much of a roller coaster ride for me.
I still get their cards and take advantage of their numerous spending offers but they are not in my everyday spend plans because it is hard to trust them long term. If I had an AT&T card that earns 3X for online purchases that may be different but I don’t 😥.
I am curious to hear if these changes will change your spending pattern. Car rental insurance is a big reason I said Dollar’s partnership with Dave Ramsay was bad for consumers, they had no protections. This puts a $450 Prestige card on par with a debit card…that is crazy when you think about it.
Share your thoughts below, which perk will you miss the most?
Hat Tip: Doctor of Credit