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.

The new Citi Strata Elite is a very attractive travel credit card, even with its $595 annual fee, but its drawbacks might be discouraging.

The highly anticipated Citi Strata Elite is finally here, but it may not fit into every traveler's strategy. Explore what this new card has to offer.