Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor


  • Citi and Citgo renew credit card agreement

    In a recent press release, Citi Retail Services announced its renewal of its private label credit card with Citgo. The two companies have had a relationship since 1995. The new agreement is a multi-year deal to continue that relationship. The Citgo Plus Card is good at any of the petroleum company's more than 6,000 locations in [...]

  • Citibank gets OK to launch credit cards in China

    Citibank has announced it will launch a credit card in China in 2012, the first of its kind in the historically restrictive country. According to CNNMoney, Citibank is not only the first American bank but the first non-Asian bank to win such approval by the Chinese banking authorities. The China Banking Regulatory Commission will let Citibank [...]

  • Citibank deems frequent flier miles taxable income

    The value of frequent flier miles is coming under fire as Citibank recently issued IRS 1099 tax forms to members who received miles as an incentive to open a checking or savings account. In reporting an assigned dollar value to the miles, the bank is saying those miles represent taxable income. Whether or not the [...]

  • Strong Q3 prompts Citi to keep retail credit cards

    Citigroup announced it has decided to keep its once-beleaguered retail credit card division. The bank noted an increase in consumers paying down debt and using credit cards more judiciously, making the co-branded and private label credit cards more lucrative for the company. The company had in the past two years been trying to sell its retail [...]

  • Citi ThankYou Preferred card offers 50K bonus points

    Editor's Note: Thank you for your interest, this offer expired and is no longer available. Citibank is swimming against the tide of increasing bank fees by upping the way members can earn and use rewards points on its Citi ThankYou Preferred Card. New ThankYou cardholders are eligible to earn 25,000 bonus ThankYou Points if they make $5,000 [...]

  • Google Wallet launches mobile payment support with Citi MasterCard

    Editor's Note: Thank you for your interest, this offer expired and is no longer available. Google expanded its mobile payment experiment this month, announcing a software update to the Sprint Nexus S 4G that enables the phone's near field communications functionality. Right now, eligible Nexus users can link their mobile handsets with any of four supported [...]

  • Citi credit card default rates tick upward

    Citigroup reports an increase in the number of defaulted credit card payments in August 2011, the second month in a row that Citibank has seen this figure rise. At the same time, the rate of late payments to Citibank credit cards fell. Citibank defaults on the rise Citibank is known for its range of credit card rewards [...]

  • EMV chip technology coming to a credit card near you

    Starting this month, overseas business travelers who carry Citi corporate credit cards can breathe a little easier when making purchases. And back in the States, regular Joe consumers may soon find themselves inserting instead of swiping their credit cards. Both these changes are thanks to a burgeoning EMV chip technology, which is about to get [...]

  • Citi Simplicity Card is easy, but not cheap

    Citigroup launched a revamped Citi Simplicity Card a credit card with an offer that aims to simplify the fees, rates and rules that create hassles for many cardholders. The Simplicity card has these key features zero percent introductory APR for 18 months on balance transfers and on purchases. After the introductory period, the variable APR will [...]

  • New Citi/AA airline credit card offers "chip and PIN" plus elite perks

    Editor's Note: Thank you for your interest, this offer expired and is no longer available. Citi Cards and American Airlines offer unprecedented benefits and a "chip and PIN" option to lure elite travelers to their latest airline credit card. Travel rewards and perks The Citi Executive / AAdvantage World Elite MasterCard builds on the 24-year relationship between Citi [...]

  • Nilson: Chase dominated credit card growth in 2010

    The Nilson Report has recently released its annual figures for the top commercial and business credit cards of 2010. This list includes some of the largest banks in the U.S., as well as figures for their total numbers of accounts, credit cards, and their growth (or loss) compared to the same figures in 2009. J.P. Morgan [...]

  • Citi: Over 360,000 credit card accounts hacked, more than initially reported

    Citigroup released new information about the May cyber attack, revealing on June 16 that the hackers accessed the information in over 360,000 North American Citi credit card holders - nearly 1.5 percent of its customers. Previously, Citi had originally announced that approximately 200,000 accounts were affected by the May 24 hack. Of the 360,083 accounts breached, [...]

  • Replacement Citi credit cards on the way to hacked accountholders

    Over 200,000 Citi credit card customers will get brand new cards in the mail this month, but not because their old cards expired. In statements to Reuters and to the Wall Street Journal, an unnamed Citi spokesperson confirmed that about 1 percent of the bank's credit card accounts had been compromised after a hacking attack [...]

  • Citi, American Express announce exclusive cardholder experiences for April

    Plenty of credit cards offer cash back rewards and frequent flyer bonuses. That's one reason why some credit card issuers try to lure new cardholders with once-in-a-lifetime arts and entertainment events. The spring season already has its first set of exclusive credit card experiences, thanks to American Express and Citi. Citi treats L.A. fans to prime [...]

  • GE rings up Citi's private label credit card portfolio

    GE Capital solidified its position as the nation's biggest issuer of private label credit cards with the $1.6 billion acquisition of Citigroup's retail credit portfolio. Under the agreement, GE would take over financing for some of the country's best-known consumer retail brands, including Macy's, Sears, and Home Depot. The deal also includes popular gas cards, [...]

  • Citi Credit Card Delinquencies Rise Near 6% in February

    Credit card issuers may rejoice at the sight of fewer missed payments, but lenders' overall charge-off rate still remains high, according to a recent banking industry survey published on TheStreet.com. Of the six largest credit card issuers, only Citi credit cards experienced a rise in delinquency rates from January to February 2010. Citigroup's percentage of customers missing one [...]

  • Chase, Citi Liquidating Some Affinity Credit Cards

    As one major credit card issuer raises cash by selling off operations, another prepares to streamline its offerings to save money. A report in the Wall Street Journal chronicled the efforts of Citigroup CEO Vikram Pandit to liquidate some Citi Credit Card private label and affinity products. Citi's Sears Holdings card accounts and other affinity products [...]

  • Citibank to Exit Zale Credit Card Deal in 2011

    A rocky holiday season turned even more grim as Citigroup Inc. officials advised Zale Corp. to find another servicing bank for its consumer credit card portfolio. Citibank has provided the private label credit card financing for holders of Zale's "Diamond Card" since 2001. However, mounting concerns about the jewelry retailer's fiscal health prompted Citi to decline [...]

  • Citi and American Express Credit Cards Protect Smartphone Users from Theft, Damage

    Editor's Note: Thank you for your interest, this offer is expired and is no longer available. Some smartphone users have become dismayed to discover that the traditional insurance plans tacked on to wireless bills each month don't cover loss, theft, or accidental damage. Many smartphone vendors offer replacement phone options that often cost $200 or more. Citi [...]

  • Canadian Credit Card Issuer Buys Diners Club from Citibank

    Officials at Citibank announced the sale of the Diners Club brand and associated accounts to a division of a fast-growing, Canadian credit card issuer. BMO Financial Group, a unit of the Bank of Montreal, will use the acquisition to double its corporate credit card portfolio while gaining a significant foothold in the American business credit market.Because [...]

  • Citibank Sends Credit Card Customers to the Movies

    Editor's Note: Thank you for your interest, this offer expired and is no longer available. Credit card account holders participating in Citi's ThankYou Network loyalty program recently learned about a new reward benefit: free movie tickets. By redeeming reward points into Fandango electronic gift certificates online, members can instantly access up to $50 in credit toward movie tickets. [...]