What is Citi doing?

[Anonymous]

With the recent removal of certain cards sign up bonuses plus nerfs, what is citi doing?? Would they come out with another card that's good anytime soon? I love my prestige card but would like to have more options/ways to boost pts (sign up bonuses maybe a portal idk)

[kdm31091]

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@Anonymous wrote:

With the recent removal of certain cards sign up bonuses plus nerfs, what is citi doing?? Would they come out with another card that's good anytime soon? I love my prestige card but would like to have more options/ways to boost pts (sign up bonuses maybe a portal idk)

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It's pretty simple, they want people who sign up to be interested in the card for the long run. Not offering a sign up bonus pretty much ensures that those who sign up are interested in the ongoing benefits, not just collecting the bonus and SDing the card.

[Closingracer99]

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@Anonymous wrote:

With the recent removal of certain cards sign up bonuses plus nerfs, what is citi doing?? Would they come out with another card that's good anytime soon? I love my prestige card but would like to have more options/ways to boost pts (sign up bonuses maybe a portal idk)

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I <3 my Premier and it comes with no signup bonus at the time i applied. Only card if I remember in my wallet that offers 3X points on travel which includes gas. I know my BoA card offers 3% on gas but not on travel.

[Anonymous]

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@Closingracer99 wrote:

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@Anonymous wrote:

With the recent removal of certain cards sign up bonuses plus nerfs, what is citi doing?? Would they come out with another card that's good anytime soon? I love my prestige card but would like to have more options/ways to boost pts (sign up bonuses maybe a portal idk)

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I <3 my Premier and it comes with no signup bonus at the time i applied. Only card if I remember in my wallet that offers 3X points on travel which includes gas. I know my BoA card offers 3% on gas but not on travel.

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It's also unlimited with a 25% bonus when redeemed correctly.

[Anonymous]

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@kdm31091 wrote:

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@Anonymous wrote:

With the recent removal of certain cards sign up bonuses plus nerfs, what is citi doing?? Would they come out with another card that's good anytime soon? I love my prestige card but would like to have more options/ways to boost pts (sign up bonuses maybe a portal idk)

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It's pretty simple, they want people who sign up to be interested in the card for the long run. Not offering a sign up bonus pretty much ensures that those who sign up are interested in the ongoing benefits, not just collecting the bonus and SDing the card.

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While what you said makes sense because it's a loss to those companies when they offer a 40-80k bonus and people spend their $1-$4k to get it and redeem the rewards and close the card due to the AF, they still need to find a way to compete overall. There are so many travel cards that it makes it hard to keep them for most people on this site that enjoy categorized spending (meaning only using X card for Y purchases)

its hard for us "informed" folk to put all spend on one card regardless of category so people like us makes it hard for card issuers to keep things spicy. We need to all keep in mind that nothing is really "enticing" to us anymore because we are out for the biggest bang for the buck and that's why many carry 15 cards so they are covered. It's way too much and our lack of "commitment" to a card or two or three makes it hard for companies to lay out a "perfect" card. Blispay had a good idea with the 2% and interest free hoping it'll be a day to day card for almost everyone but we know that won't happen here. My opinion is the expectation of card companies is quite high and all we're doing is using and abusing. Sure there is some profit made over time but many of us aren't the ideal customer. 

Not that I care if an issuer is happy with me but it makes it hard to be overly competitive 

[Anonymous]

One thing that really chaps my ass though is when someone signs up for a card and then close it a month before a year due to the AF alone. That's just a user and it affects the awesome sign up bonuses because these cards aren't the daily driver.

[Anonymous]

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@Anonymous wrote:
One thing that really chaps my ass though is when someone signs up for a card and then close it a month before a year due to the AF alone. That's just a user and it affects the awesome sign up bonuses because these cards aren't the daily driver.

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Might I add that companies will stop waiving the annual fee the first year too if people keep doing this.

If you don't want to pay an annual fee, call in and ask shortly before it's due. You agreed to the terms when you signed up for the card, and in most cases the annual fee is there to help the bank pay for the benefits you recieve with the card.

[Anonymous]

If you need the AF waived you're not using it to its potential so it's not necessary in your lineup

[Anonymous]

KDM makes a great point.

Citi will "lose" us more 'informed' people but imagine how many 'regular' people that bank with Chase and are just looking for an easier payment method will sign up for a regular run of the mill card just because it's easy to do all your financials under one roof. Long haul, every day spending customers is what Citi is probably looking for.

[darwin_wins]

I would be interested to find out how many people really try to churn the card as opposed to regular people. It is extremely difficult for most people to juggle more than few cards because they dont want to deal with the headache of remembering things.

I carry all the cards in my wallet ( of course i dont have a lot of them) and I i will use what is best for the occasion. I still think very few people churn compared to rest of the population, also I think Citi does profit from regular folks.

As for Blispay, I dont think I know anyone who has heard about this card at all. Only people who visit the boards know about it so if they go out and advertise may be a lot of people will sign up (but who knows, they may not given that one or 2 cards is what most people want and I am not talking about people who sign up in stores because hey you can get 25% off this purchase )