topic Re: Citi has 2 cards with $400+ annual fees? in Credit Cards

Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:09:30 GMT

Citi actually has two cards with $400+ annual fees? Does anyone have one or has anyone actually seen one? Saw them listed here (halfway down) - link to article

I'm somewhat shocked that those cards actually exist? I guess AAdvantage World Elite will be going away soon though...

Re: Citi has 2 cards with $400+ annual fees?

jsucool76 — Wed, 22 May 2013 01:58:26 GMT

With the AA card you're basically just paying for

"Admirals Club® membership privileges (where available2)with access for you and your immediate family (or up to two traveling guests that accompany you) to over 40 Admirals Club® worldwide locations2

Each calendar year, when you reach $40,000 in spending on purchases, you will earn 10,000 AAdvantage® Elite Qualifying Miles from
American Airlines2"

And with the prestige you're paying for airline credits, free rooms, compliment airline tickets and the global entry app waiver.

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 01:59:20 GMT

I assume the AA card is going to be replaced with something else soon?

Re: Citi has 2 cards with $400+ annual fees?

beb86 — Wed, 22 May 2013 02:01:09 GMT

I would probably remove that link.....and post to the citi website

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:02:00 GMT

Why if you don't mind me asking?

Re: Citi has 2 cards with $400+ annual fees?

jsucool76 — Wed, 22 May 2013 02:02:35 GMT

Haven't heard anything about that jzon, why do you think that?

And +1 to beb. Mods will remove it, might as well just do it yourself. For future reference don't post links to sites like that.

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:04:16 GMT

because American is merging with US. So you cant share posts from other credit sites?

Re: Citi has 2 cards with $400+ annual fees?

TimeToRecover — Wed, 22 May 2013 02:04:29 GMT

American and US Air merger. Just like when united and continental merged the continental card went away. I don't know though if us air has a branded card with anyone?

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:07:08 GMT

yes US Air is barclays I believe? I just know it's not very good.

Re: Citi has 2 cards with $400+ annual fees?

jsucool76 — Wed, 22 May 2013 02:07:16 GMT

I think us air is through barclays.

Who bought who? That will probably determine which card will go away.

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:07:41 GMT

US Airways card is backed by Barclays.

Those 2 Citi cards mentioned are also World Elite Mastercards. Generally you need to spend A LOT, especially on the prestige, to make it worthwhile.

If you can spend a lot on it, the reward structure can much better than CSP and most cards out there.

read this link: https://www.accountonline.com/ACQ/DisplayPage?docId=CompleteDetailsPop&sc=4KMZ12C31000111111W&app=UNSOL&siteId=CB&langId=EN&BUS_TYP_CD=CONSUMER&DOWNSELL_LEVEL=0&BALCON_SC=&B=C&DOWNSELL_BRANDS=&t=&d=&uc=&AMEX_PID_AF_CODE=&AAPID=

Basically the Prestige is targetted towards HNW clients or people who can somehow swipe lots of charges on it.

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:10:08 GMT

AA bought out US Airways.

Re: Citi has 2 cards with $400+ annual fees?

beb86 — Wed, 22 May 2013 02:11:09 GMT

@Anonymous wrote:
Why if you don't mind me asking?

MyFico TOS

Promotion of a credit repair organization, as defined in the federal Credit Repair Organizations Act or similar state laws, or the services of such an organization;

Spam, such as advertisements for other web sites and services, or other solicitation; chain letters, pyramid schemes, or securities offerings

Posting a link to the poster’s personal blog or web site without explicit permission from a FICO Forums administrator;

Posting a link directing users to any information or content that, if posted on FICO Forums, would constitute a violation of the Terms or of any State or Federal law;

Material, the posting of which violates any party’s copyright or other intellectual property rights;

not saying this is the intent but its better to be safe than sorry.

as a reminder this website is ran and operated by Fair Issacs....

Just a heads up...

Re: Citi has 2 cards with $400+ annual fees?

jsucool76 — Wed, 22 May 2013 02:11:12 GMT

Then the US air card will probably go away, not AA, but probably not for quite some time.

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:11:18 GMT

I thought US bought AA? Weren't they going through bankrupcy?

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:13:02 GMT

its a "merger".

http://en.wikipedia.org/wiki/American_Airlines%E2%80%93US_Airways_merger

Re: Citi has 2 cards with $400+ annual fees?

beb86 — Wed, 22 May 2013 02:13:26 GMT

@Anonymous wrote:
I thought US bought AA? Weren't they going through bankrupcy?

That deal should be finalized by Q3 of this year..

Re: Citi has 2 cards with $400+ annual fees?

Anonymous — Wed, 22 May 2013 02:14:16 GMT

@Anonymous wrote:
US Airways card is backed by Barclays.

Those 2 Citi cards mentioned are also World Elite Mastercards. Generally you need to spend A LOT, especially on the prestige, to make it worthwhile.
If you can spend a lot on it, the reward structure can much better than CSP and most cards out there.
read this link: https://www.accountonline.com/ACQ/DisplayPage?docId=CompleteDetailsPop&sc=4KMZ12C31000111111W&app=UNSOL&siteId=CB&langId=EN&BUS_TYP_CD=CONSUMER&DOWNSELL_LEVEL=0&BALCON_SC=&B=C&DOWNSELL_BRANDS=&t=&d=&uc=&AMEX_PID_AF_CODE=&AAPID=

Basically the Prestige is targetted towards HNW clients or people who can somehow swipe lots of charges on it.

Well, it can be "OK" at least with a lot less spend. Unlike the Premier, the Prestige allows a once a year international companion ticket, and that alone can make up for the fee. As others have said, it also has the usual lounge/Global Entry perks, which people value at least in the case of the Amex Platinum. But yes, if you spend a lot, then the anniversary rewards become quite valuable, as that works on a sliding scale.

What I don't get is the OPs apparent surprise. Many issuers have high priced cards, which are worth it to some and not to others.

Re: Citi has 2 cards with $400+ annual fees?

jsucool76 — Wed, 22 May 2013 02:15:10 GMT

After further research, they're taking the AA name, sooo us cards will prob be gone within a year or 2.

Re: Citi has 2 cards with $400+ annual fees?

blk8 — Wed, 22 May 2013 02:15:40 GMT

To make the record straight:

USAirways purchased AA. They will be keeping the AA name as it is globally recognized. All USAirways products, including the Barclay card, will go away once the merger is complete.