Both these offers are dead.

This offer is expired. See the new offer and analysis here.
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Yesterday, Citi launched a 50,000 point offer on the Citi Prestige after spending $3,000 in the first three months. The previous offer was 30,000 points after $2,000 in spending.

Read my analysis of the new offer.

I had gotten the old offer last week, so I was eager to see if I could be matched to the new, better offer.

This offer is expired.

The current offer for the Citi Prestige® Card:

Sign Up Bonus: 40,000 ThankYou Points after $4,000 in spending
Category Bonuses: 3x on air travel and hotels, 2x on restaurants and entertainment
Air travel fee credit:  $250 annual credit toward airfare, bag fees, or award taxes ($500 first year of cardmembership)
Lounge access: Priority Pass lounges worldwide
Free hotel nights: Get your 4th night free on all paid hotel stays (no blackout dates)
Global Entry: $100 application fee credit
Global Acceptance: Chip technology and no foreign transaction fees
Annual Fee: $450 not waived, well worth it for me

The

The current offer for the Citi Prestige® Card:

Sign Up Bonus: 40,000 ThankYou Points after $4,000 in spending
Category Bonuses: 3x on air travel and hotels, 2x on restaurants and entertainment
Air travel fee credit:  $250 annual credit toward airfare, bag fees, or award taxes ($500 first year of cardmembership)
Lounge access: Priority Pass lounges worldwide
Free hotel nights: Get your 4th night free on all paid hotel stays (no blackout dates)
Global Entry: $100 application fee credit
Global Acceptance: Chip technology and no foreign transaction fees
Annual Fee: $450 not waived, well worth it for me

The

Update 7/28/16: The Prestige's offer has been improved to 40,000 bonus points after $4,000 in purchases in the first 3 months.