Citi prepares to relaunch its top credit card with focus on dining and travel rewards

Citi is revamping its flagship credit card with new benefits in a bid to compete with premier cards from American Express AXP, -0.08% and Chase JPM, -0.37%

Starting in January, the Citi Prestige Card C, -1.13% will offer card members five 5X points for every $1 spent on dining out and air travel purchases. Last August, Citi temporarily stopped signing up new members for the card in advance of its current re-launch, travel website The Points Guy reported.

The Citi Prestige is now “more of an airline and dining card, whereas it used to cater to hotel guests,” said Ted Rossman, industry analyst at CreditCards.com.

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