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 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.

The Strata Elite Card, with an annual price tag of $595, is Citi's latest foray into competitive field of premium credit cards.