Citibank changing rates on Signature/Prestige

6 Discussions

brinkers

Qantas - Qantas Frequent Flyer

Member since 16 Jun 2011

Total posts 214

Citibank have updated the terms and conditions of the rewards programs on the Signature and Prestige Cards. The changes that take effect from Mid June, will affect the earn and burn rates on the cards.

Generally, points earn will be moving to a tiered rate based on merchant category, The base earn rate will decrease
The definition of excluded government spend has been expanded. It will include things like parking fees, public transport fares
Transfer rates to a range of airline/hotel loyalty programs are being adjusted (in a bad way)


ng192

Member since 21 Dec 2015

Total posts 2

No information on the Citibank site - where did you read about it?

Last editedby ChrisCh at Apr 04, 2017, 06:08 PM.

ChrisCh

Member since 24 Apr 2012

Total posts 1,026

brinkers

Qantas - Qantas Frequent Flyer

Member since 16 Jun 2011

Total posts 214

No information on the Citibank site - where did you read about it?

Last edited by ChrisCh at Apr 04, 2017, 06.08 PM.


There''s a document on the website that outlines all the changes.
Homeage -> Terms and Conditions -> Useful forms and links -> Credit Cards -> Important information about

changes to your Citibank Rewards and Citibank Qantas Rewards Terms and Conditions and your Rewards Program


obanpointer

Qantas - Qantas Frequent Flyer

Member since 08 Jun 2014

Total posts 308

anz are also doing this

I have heard nothing from Westpac as yet

it may be that an amex card from amex themselves will be the best for FF points as I understand they will avoid the interchange issues

Brandon

Member since 15 Apr 2017

Total posts 1

Well my monthly spend will now see me earn about 55% less KrisFlyer points from June 15 on Prestige.

Will be definitely dropping in favour of something a little more enticing.

pungpui

Member since 22 May 2011

Total posts 14

The new conditions say for Signature you get 1.5 points per $1 spend on......major national retailers. What is a major national retailer?  I tried to call Citibank but the agent had no idea, she said it was a major national retailer that sells merchandise.  I said is it like department stores or like a Nike store?  She said yes to both - unconvincingly.  They don't have a list of national retailers, but 'they're looking to get get one'.  She also said these stores are international stores (which to mean doesn't include Myer), but then she said it includes Myer.  I'm so confused.

Hi Guest, join in the discussion on Citibank changing rates on Signature/Prestige

Attach Files