Citi Launches New American Express Credit Cards
Over a year after their relationship was publicly announced, this morning it's official - Citibank and American Express have announced the launch of Citi's new American Express-branded cards to be available to consumers beginning January 15, 2006. Other than carrying the new Amex brand, Citi's new cards appear to be essentially comparable to its existing MasterCard and Visa-branded cards in terms of cardholder benefits, fees, etc.
"We're excited by this new relationship, and the prospect of providing our customers and prospective customers with the superior benefits and services these new cards will have," says Vik Atal, Chairman and CEO, Citi Cards North America. "As always, we're committed to exceptional customer service, and by issuing some of our most popular card products on the American Express Network, we're offering customers many of the features and benefits they want in a credit card."Peter Godfrey, President of American Express Global Network Services adds, "This partnership brings together two highly successful and internationally recognized brands for the benefit of all cardmembers looking for high quality products and service. We are delighted that Citibank is providing consumers with a credit card on the American Express Network that allows them to experience the best of both worlds."
Citi announced the following five specific card programs:
The Citi Platinum American Express Card, a no-annual fee card, offers points on purchases through ThankYou Network, Citi's no-fee rewards program featuring a variety of merchandise, travel and gift cards at leading retailers and restaurants. Cardmembers will enjoy services to source hard-to-find tickets to shows, concerts and sporting events along with direct access to a live customer service representative 24 hours a day. A special 12 month introductory offer provides a 0% APR on eligible balance transfers.
The Citi Dividend American Express Card enables cardmembers to earn 5% cash back on purchases at supermarkets, drug stores and gas stations; 1% cash back on other purchases and eligible cash advances; and cash back on eligible balance transfers. Cardmembers also pay no annual fee.
The Citi / AAdvantage American Express Card allows cardmembers to earn one American Airlines AAdvantage mile for every dollar they spend on purchases -- up to 60,000 miles per calendar year.
The Citi PremierPass American Express Card, with no-annual fee, offers cardmembers one ThankYou Point for every three miles flown on any airline and one ThankYou Point for every dollar spent on purchases -- up to 100,000 ThankYou Points per year, up to 50,000 of which can be earned for miles flown.
The Citi Diamond Preferred Rewards American Express Card offers cardmembers five ThankYou Points on purchases made at supermarkets, drug stores and gas stations and one ThankYou Point for every dollar spent on other purchases during their first year of cardmembership. Thereafter, cardmembers will earn one ThankYou Point on all eligible purchases.
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