The competition in the credit card industry is just getting hotter by the day. With American Express adding on more features to their existing cards and CitiGroup launching two new credit cards in the market, the competition just got fiercer. Though the credit card industry is tightening its norms and increasing certain fees, the improved perks and rewards on credit cards is making consumers look for these plastic cards.

The Thank You Premier Card is one of the newest credit cards from CitiGroup Inc. Travelers can benefits a lot from this particular credit card. Every year, the card holders can take along a companion free of charge in a coach when you travel to any of the states within the country. Though there are certain terms and conditions that are applicable, this offer is something not many lenders offer their patrons. Card holders can also enjoy 15 percent discount on air tickets for domestic as well as international travel. They can enjoy trip cancellation insurance up to $1500 and baggage lost up to $3000 is covered. This card carries an annual fee of $125, but does not charge any transaction fees.

The Thank You Prestige Card is another new offering from the CitiGroup. Card holders with gold membership can enjoy benefits of the Hilton’s frequent stay program. They will also gain access to the Priority Pass program and can avail personal concierge services. This card that offers an APR of 15.24% carries an annual fee of $500.