Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
That is highly unusual and I can't think of why Citi would do that. This is a total guess but it might have something to do with the antitrust settlements American Express had with the major banks, whereas in the future both Visa or MasterCard and Amex had to be offered to customers at all of the top banks. If there aren't enough customers voluntarily asking for Amex would it be possible that Citi is issuing them involuntarily to meet a requirement from the settlement for a set number of Amex cards that had to be issued? Again, I would like to reiterate this is speculation.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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