Citi is launching an all-new premium rewards card. This is how I hope it is completely different from different high-end playing cards

Citi is a TPG promoting companion.

What a yr 2025 is shaping as much as be for premium rewards bank cards. And as a fan of those merchandise, I like the competitors.

First, the Chase Sapphire Reserve® (see charges and costs) underwent a top-to-bottom transformation, and Chase additionally launched its first-ever premium enterprise card — the Chase Sapphire Reserve for Enterprise℠ (see charges and costs). We additionally know that The Platinum Card® from American Categorical is on the verge of present process its personal refresh later this yr, and that Bilt Rewards simply introduced will probably be providing a three-tiered assortment of latest playing cards — together with a premium card.

If you’re protecting rely, and you like these playing cards and their perks as a lot as I do, you may begin to surprise what Citi might need up its sleeve as the opposite main gamers actively compete for pockets area within the profitable premium card market.

Because of Citi’s latest earnings name, we now have not less than one clue as to its subsequent transfer.

Sooner or later this quarter (so by Sept. 30), Citi will launch a brand new premium bank card, the Citi Strata Elite, in accordance with remarks made on the financial institution’s July 15 earnings name.

The brand new Citi Strata Elite card is claimed to be becoming a member of Citi’s group of rewards merchandise sooner or later within the coming months so as to attraction to “prosperous clients.” So whereas Citi has not shared the precise annual price that may include this card, it feels protected to imagine it’s prone to be within the vary of the annual charges of different premium playing cards, that are largely now within the roughly $400-$800 vary.

And whereas particulars in regards to the card’s advantages weren’t launched, we do know that this isn’t Citi’s first foray into the world of premium rewards bank cards.

The Citi Status® Card, which is not out there to new candidates, is a premium card that earns Citi ThankYou Rewards factors. It was out there via 2021 — although current cardholders have been in a position to hold it of their wallets.

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It has some rewarding bonus classes — similar to 5 factors per greenback spent on airfare, eating places and journey companies — provides a cool fourth-hotel-night-free perk, a $250 annual journey credit score and Precedence Go membership.

Whereas the cardboard definitely had its followers, particularly those that might maximize that fourth-hotel-night-free perk, it was lacking a couple of key perks in comparison with different main gamers within the premium card area, similar to American Categorical, Chase and Capital One. Particularly, it did not provide any proprietary lounge entry and was extra restricted in its distinctive switch companions inside the Citi ThankYou Rewards lineup.

The data for the Citi Status and Citi Strata Elite Card have been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

Naturally, as with all new bank card, I am hoping for an enormous welcome bonus. For reference, the financial institution’s mid-tier $95-per-year Citi Strata Premier® Card (see charges and costs) is at present providing 60,000 factors with $4,000 in spending within the first three months, so I hope the bonus for this all-new card will are available larger than that.

However past that, I might love some uniquely rewarding bonus classes that are not already provided on the lengthy listing of different rewards playing cards. For instance, the very last thing I want is one other card providing 2 or 3 bonus factors per greenback spent on eating and journey.

To assist offset the annual price, I might wish to see a restricted variety of high-value however easy-to-use credit that do not require lots of thought and energy (as in, not a sophisticated “coupon ebook” strategy).

And whereas it is perhaps a tall order, I might actually love Citi to now tackle a number of the gaps that it had final time it had a proprietary premium rewards card.

Particularly, it could be nice to see the cardboard provide some type of distinctive lounge entry and/or switch companions which are arduous or not possible to copy elsewhere. Entry to new or further airport lounges — and even their grab-and-go youthful siblings — is all the time nice information, so I might like to see Citi provide distinctive lounge entry past the Precedence Go profit it had with its earlier premium card.

Moreover, the Citi ThankYou Rewards program itself is a step behind rivals, particularly for many who wish to lean into U.S.-based airline and lodge packages. TPG’s July 2025 valuations have Citi ThankYou Rewards factors at 1.85 cents per level, which locations it behind Chase Final Rewards, American Categorical Membership Rewards and Bilt Rewards. The overwhelming majority of its companions additionally work with different banks.

There was a short second in time when Citi had American Airways as a switch companion, and the financial institution touted its “great relationship” with American Airways in its latest earnings name. As well as, a Citi spokesperson provided TPG the next assertion in December 2024, when it was introduced that the financial institution would grow to be the unique issuer of American cobranded playing cards (emphasis ours):

“The growth and extension of our relationship with American Airways will positively impression our current and new buyer base as we introduce new merchandise and advantages sooner or later and produce expanded loyalty and rewards choices for AAdvantage® members and Citi-branded cardmembers. We’re not sharing specifics presently. Keep tuned.”

Lastly, implementing some type of distinctive lodge perk or new journey profit that different premium rewards playing cards do not provide would additionally assist carve out a differentiated area for the Citi Strata Elite.