With a annual fee, the positions itself as a premium card—and it largely delivers. While it may not offer quite the same perks as top-tier competitors, it holds its own with a strong lineup of benefits at a lower price point.

With 12x points on hotels, $200 ‘splurge’ credit, and Admirals Club passes, Citi is making a bold move back into premium credit cards. Not willing to be caught idling while Chase and American Express release new premium credit cards,

As the premium credit-card market swells with the introduction of Citi’s Strata Elite card, experts say rising annual fees and an overload of unused statement credits are leading to growing premium-cardholder fatigue.