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 Specific is on the verge of present process its personal refresh later this yr, and that Bilt Rewards simply introduced it is going to be providing a three-tiered assortment of latest playing cards — together with a premium card.

In case you are protecting rely, and you like these playing cards and their perks as a lot as I do, you may begin to marvel what Citi may need up its sleeve as the opposite main gamers actively compete for pockets house within the profitable premium card market.

Because of Citi’s latest earnings name, we now have no less than one clue as to its subsequent transfer.

Citi to launch an all-new premium rewards bank card

Sooner or later this quarter (so by Sept. 30), Citi will launch a brand new premium bank card, the Citi Strata Elite, in keeping 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 with the intention to attraction to “prosperous prospects.” So whereas Citi has not shared the precise annual payment that may include this card, it feels secure to imagine it’s more likely 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.

Seeking to Citi’s premium card previous to tell its future

The Citi Status® Card, which is now not obtainable to new candidates, is a premium card that earns Citi ThankYou Rewards factors. It was obtainable via 2021 — although present cardholders have been capable of maintain it of their wallets.

It has some rewarding bonus classes — resembling 5 factors per greenback spent on airfare, eating places and journey companies — gives 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 house, resembling American Specific, 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 knowledge 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 supplied by the cardboard issuer.

What I hope to see from Citi’s new premium bank card

Naturally, as with all new bank card, I am hoping for a giant 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 in larger than that.

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

To assist offset the annual payment, I would prefer to see a restricted variety of high-value however easy-to-use credit that do not require a whole lot of thought and energy (as in, not an advanced “coupon ebook” strategy).

And whereas it could be a tall order, I would actually love Citi to now handle a number of the gaps that it had final time it had a proprietary premium rewards card.

Particularly, it will be nice to see the cardboard provide some form of distinctive lounge entry and/or switch companions which can be arduous or unimaginable 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 would 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 individuals who prefer to lean into U.S.-based airline and resort 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 Specific 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 turn out to be the unique issuer of American cobranded playing cards (emphasis ours):

“The enlargement and extension of our relationship with American Airways will positively affect our present 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 right now. Keep tuned.”

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

Backside line

Citi is gearing as much as launch a brand new premium card — the Citi Strata Elite — someday within the coming months. Particulars are scant, however given the issuer’s earlier premium product, we’ve hopes based mostly on how the cardboard may be capable of carve out its personal area of interest within the sizzling premium card house.

Keep tuned to TPG, the place we’ll replace you as quickly as extra particulars turn out to be obtainable.