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Citibank has posted to the Citi.com website that the Citi Prestige Card will offer access to American Airlines lounges (when flying the airline) until June 20.
That’s 11 months’ notice that the American Airlines lounge access benefit will end, which is reasonable, although hopefully Citibank will proactively communicate this to cardmembers as well as posting it to their website.
Last week American struck a new credit deal with Citibank and also with Barclaycard. Neither card issuer will get to be the exclusive co-brand partner of the world’s largest airline.
Citibank clearly was unwilling to meet American’s price for exclusivity. And Citibank lost several things to Barclaycard relative to the status quo in this deal.
- Exclusivity in issuing new American AAdvantage cards
- The right to market through certain channels, such as inflight
And now they lost the right to offer Admirals Club access to their own-branded premium card, and instead will only be able to offer access to American’s lounges via the Citi® / AAdvantage® Executive World Elite™ MasterCard®.
Putting Green, American Airlines Club Austin
It will be interesting to see whether Citi adds any new benefit in place of American lounge access or not. But as I’ve been saying for some time, the value proposition of this card is too good as it is now, so it cannot last.
Fortunately, getting the card now still comes with all of the great benefits — including this one for the next 11 months.
The card is expected to see some changes today, and those have been speculated to be a change to the signup bonus (either fewer miles or higher spend requirement) and a possible end to new cardmembers receiving double points on dining. We’ll know soon enough, but I’d still get the card while the current offer is on the table.