cancel
Showing results for 
Search instead for 
Did you mean: 

Citibank has exercised it's "early termination" clause with the Macy's portfolio

unsungivy
Regular Contributor

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDATED

Finally found an update on this:

 

https://www.macysinc.com/investors/news-events/press-releases/detail/1730/macys-inc-and-citibank-n-a...

 

Long story short: Macy's+Citibank to March 2030

Sock - Business - AU -
Plans - Cancel USAA Preferred Cash Rewards card at 3 Yrs
Message 11 of 17
CYBERSAM
Valued Contributor

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDA

Sweet! Didn't want to make the change after recent upgrade! 👍👍





Message 12 of 17
BearsCubsOtters
Frequent Contributor

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDA


@unsungivy wrote:

Finally found an update on this:

 

https://www.macysinc.com/investors/news-events/press-releases/detail/1730/macys-inc-and-citibank-n-a...

 

Long story short: Macy's+Citibank to March 2030


Thank you! I was wondering what happened with that as December 2021 should have been an announcement. I wouldn't have minded Goldman Sachs but I am glad it is staying with Citibank for the SP CLI.

Message 13 of 17
1GaDawg85
Valued Contributor

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDA

glad to see that Citi is holding onto the portfolio!



FICO 5 ,4, 2 1/2022

FICO 8 - 1/2022

FICO 9 - 1/2022
Message 14 of 17
M_Smart007
Legendary Contributor

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDA

I am "Double" glad that Citi will continue the relationship with Macy'sSmiley Happy

@unsungivy, Thank you for posting the updateSmiley Happy

Message 15 of 17
iced
Valued Contributor

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDA

Is this news related to why I got a notice that my old Macy's store card just got closed out of the blue? It's fine as I haven't used it in years, but the timing is at least interesting.

Message 16 of 17
K-in-Boston
Moderator

Re: Citibank has exercised it's "early termination" clause with the Macy's portfolio: UPDA


@iced wrote:

Is this news related to why I got a notice that my old Macy's store card just got closed out of the blue? It's fine as I haven't used it in years, but the timing is at least interesting.


Doubtful.  It just means that Citi could have exercised the option to divest itself of the portfolio.  Most likely it was just the card being dormant for too long.

Message 17 of 17
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.