PSA: Citi Prestige benefits downgrades
All changes are as of July 23, 2017
No more Admirals Club lounge access (Amex Plat lost this a while back too)
No more 3 free rounds of golf
Points redeemed directly for airfare are now only worth 1.25 cents per point (formerly 1.6 cents on American and 1.3 cents on other airlines)
4th night free (the most valuable benefit for some)- You still get a 4th night cost credited back to you BUT-
It will be calculated based on the average nightly rate of your complete stay rather than the actual cost of the 4th night (a big deal for some destinations like Vegas- not an issue for others)
The statement credit won't reimburse you the taxes you pay on the 4th night- so that's a definite downgrade money wise.
The card remains a money maker even with the downgrades for at least the first year you have it- and still potentially one for future years if you can leverage the 4th night benefit decently.