Citi launches the Strata Elite Card to compete with Chase and American Express premium credit cards. The card offers $1,500 in value annually with a $595 fee, including perks like a $300 hotel benefit, $200 “splurge” credit, Blacklane chauffeur credit, and Admirals Club lounge passes with American Airlines.

Citi’s head of U.S. branded cards and lending touts the Strata Elite Card as the best for premium customers who love travel and dining. The card offers 12x points on hotels, car rentals, and attractions, 6x points on air travel and dining, and more benefits than other cards on the market.

The Strata Elite Card was developed based on research to meet the needs of modern premium customers. Citi focused on providing top travel benefits, leading to perks like Global Entry fee credit, TSA PreCheck fee credit, and a multitude of points earning opportunities for travelers and food enthusiasts.

Read more at Yahoo Finance: Citi’s Strata Elite Card challenges AmEx Platinum and Chase Sapphire with travel-heavy perks