Wow.. It's gone from one of the best non AMEX cards to this!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:
• 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
• 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
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.
its not allowed by the admins here but here is the gist of it...Anyone with a subscription care to PDF that article and put it up somewhere for those without to read?
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.