Feb 20
2010
Annual Fee Introduced for Citi Cash Returns Credit Card
Filed Under (Investor News) by Admin on 20-02-2010
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
Today we received a letter from Citibank notifying us that they are going to introduce an annual fee of $60 for our Citi Cash Returns Card effective from April 1, 2010. This was a nice card which offered a no hassle 1% cash back on ALL purchases. The best part was that we’d get our cash back check automatically once it crossed $50. No headaches of ordering a rewards check or expiring rewards.
With this new annual fee this card simply isn’t an option for us. Why did Citibank do this? In their own words:
Read the rest of this entry »