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)
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
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.
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Citibank changing rates on Signature/Prestige
brinkers
brinkers
Qantas - Qantas Frequent Flyer
Member since 16 Jun 2011
Total posts 233
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
ng192
Member since 21 Dec 2015
Total posts 2
No information on the Citibank site - where did you read about it?
Chris C.
Chris C.
Member since 24 Apr 2012
Total posts 1,116
Covered here: Citibank, Diners Club, Virgin Money overhaul credit card points
brinkers
brinkers
Qantas - Qantas Frequent Flyer
Member since 16 Jun 2011
Total posts 233
No information on the Citibank site - where did you read about it?
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
obanpointer
Qantas - Qantas Frequent Flyer
Member since 08 Jun 2014
Total posts 318
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
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.
pungpui
pungpui
Member since 22 May 2011
Total posts 22
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.