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I’ve already used up my $250 Air Travel Credit for 2016 from my Citi Prestige® Card.
As a reminder, the card comes with 50,000 bonus ThankYou Points after $3,000 in purchases made with your card in the first 3 months the account is open, $250 in airfare or airline fee credits per calendar year, access to the American Airlines Admirals Clubs and Priority Pass lounges, and 3x points per dollar on air travel and hotels.
The $250 Air Travel Credit, which refunds airfare, airline fees, and award taxes and fees, resets as soon as your December 2015 statement closes. Mine closed December 3, 2015.
That means I will get my $250 Air Travel Credit for 2016 credited back to my account in early January when the next statement closes. Here was my experience with my 2015 Air Travel Credit.
I got my Citi Prestige® Card in April 2015, and I had to immediately pay a $450 annual fee. But in a few weeks, when my second $250 Air Travel Credit posts, I will have gotten $500 worth of Air Travel Credits in the first cardmember year by taking advantage of the fact that the Air Travel Credits reset by calendar year.
That’s a $50 profit in my first year of cardmembership even before factoring in the 50,000 bonus points, lounge access, fourth night free on paid hotel stays, and three free rounds of golf per calendar year.
This is one reason why I think everyone should get the Citi Prestige® Card, which is the most compelling card overall at the moment.
Check your Prestige account online to see when your December statement closes. Once it closes, you have the green light to start spending your 2016 Air Travel Credit. I’ll let you know when my 2016 Air Travel Credit posts.