Do you own a U.S. Airways Dividend credit card? Then you may be asking “Why did my U.S. Airways switch from Visa to MasterCard?” Well, it is very unusual for a financial institution to change from MasterCard to Visa and vice-versa. Historically, you only see this occur during a mergers and acquisitions, when the two companies are affiliated with different payment networks, so they therefore switch one so it’s the same for their entire card portfolio.

This is exactly what we saw with the U.S. Airways Dividend card. Bank of America sold off around two-thirds of the venture to Barclaycard (the American subsidiary of Barclays). It’s highly unusual that B of A will continue to own a small number of the accounts… neither companies would comment as to why.

If you a cardholder of the U.S. Airways Dividend MasterCard, there is no cause for concern. As of now, there doesn’t appear to be any other major changes to the accounts. Reps from Barclays have stated that they will ensure the accounts continue to be reported accurately to the credit bureaus and the length of time your account has been opened will be preserved.

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Starting March 1st Citi airline rewards will be a lot less rewarding! Previously the rewards program was based on fixed points given out. Now points are variable.

Now redeeming them will mean 100 points for every $1.00. Do the math and you will see that means 40,000 points will be needed for $400 flight. Before domestic flights up to $400 in value only cost you only 20,000 points.

If you were planning on using your Citi rewards to book a summer flight, book it now before the rewards system gets changed upside down.

On an unrelated note, days ago Citi still announced it is continuing with its $400 million sponsorship for the NY Mets. They can afford to give $400 million to a baseball team but not $400 plane tickets for the previous price cardmembers paid!