Who else still holds the Citibank Free For Life Premier Card?

[Supersonic Swinger]

If they can upgrade me to an FFFL Prestige card, I'd be fine with that!

I'm assuming the chances of that are like a unicorn? Are there any reports of this ever actually happening?

 

[PLANT]

Still got it and the email came today the rewards 200k can only be earnt a year!
What are the changes:
A summary of the main changes is set out below:
Domestic Spend

•​ You will earn 2 Points per $1 spent on eligible transactions made online*​

•​ You will earn 1 Point per $1 spent on all other eligible transactions​

International Spend •​ You will continue to earn 2 Points per $1 spent on eligible International Spend​

Your Points earn rate will be capped at 200,000 Points over a 12-month period and will reset on the statement cycle after the anniversary of your enrolment date of 23-Nov​

​

 

[kpc]

I keep mine for the 2 free PP visits per year...have a 15K limit which I never use

 

[daft009]

Still got it and the email came today the rewards 200k can only be earnt a year!
What are the changes:
A summary of the main changes is set out below:
Domestic Spend

​ •​ You will earn 2 Points per $1 spent on eligible transactions made online*​

​ •​ You will earn 1 Point per $1 spent on all other eligible transactions​

​

International Spend ​ •​ You will continue to earn 2 Points per $1 spent on eligible International Spend​

Your Points earn rate will be capped at 200,000 Points over a 12-month period and will reset on the statement cycle after the anniversary of your enrolment date of 23-Nov​

​ ​ ​ ​ ​ ​ ​ ​ ​

Wow.. It's gone from one of the best non AMEX cards to this!

 

[riight]

Wow.. It's gone from one of the best non AMEX cards to this!

I got the same email. It's a bit sad, they've practically gutted this card!

Need to start looking for another

 

[chk123]

the AFR have just published an article

Citi to exit Australian consumer banking​

Any thoughts on whether the citibank name will continue or will our credit cards get transferred to a new banking provider?

 

[Supersonic Swinger]

the AFR have just published an article

Citi to exit Australian consumer banking​

Any thoughts on whether the citibank name will continue or will our credit cards get transferred to a new banking provider?

The whole Citi portfolio will be sold to someone else who would likely rebrand everything. I can't imagine Citi would license their name out.

 

[coolsteps]

That new news to me. I hope they don't introduce an annual fee we keep our current entitlements and the new mob offers better customer service and offers. Got letter today from virgin saver account that citibank are closing accounts .

 

[Legoman]

Anyone with a subscription care to PDF that article and put it up somewhere for those without to read?

 

[daft009]

Anyone with a subscription care to PDF that article and put it up somewhere for those without to read?

its not allowed by the admins here but here is the gist of it...

Citi’s consumer banking retreat includes all its consumer-focused operations including credit cards, loans, retail banking, wealth management for high-net-worth individuals and mortgages.

The Australian sale plans come as Citi reviews its retail banking operations in the region. The group has about 20 consumer banks globally, and a dozen are in the Asia Pacific region including Australia, South Korea and Thailand.

Should Citi find a buyer for its Australian consumer operations, it would leave the Wall Street bank focused on institutional banking and capital markets businesses, which include investment banking, capital markets and advisory, markets and securities trading, commercial banking and treasury services.

 

[Lynda2475]

Here is a free article from ABC no subscription needed:

ACCC boss Rod Sims warns big four not to buy Citi's retail bank

Citi is Australia's fifth-largest credit card provider, but it is planning to sell up and get out of the consumer market. The ACCC says it does not want one of the big four banks to buy the business.

www.abc.net.au