New Citi DC is World Elite

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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rockyrock
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New Citi DC is World Elite

Postby rockyrock » Wed Feb 08, 2017 10:51 pm

Got a new Citi Double Cash in the mail this week. I wasn't expecting it as my current one was EMV and didn't expire until 2020. I opened it up and was surprised to see the WEMC logo on the back. The previous one was just a WMC. Not a big deal really but kind of cool.
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else


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CarefulBuilder14
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Re: New Citi DC is World Elite

Postby CarefulBuilder14 » Wed Feb 08, 2017 11:08 pm

rockyrock wrote:Got a new Citi Double Cash in the mail this week. I wasn't expecting it as my current one was EMV and didn't expire until 2020. I opened it up and was surprised to see the WEMC logo on the back. The previous one was just a WMC. Not a big deal really but kind of cool.

How thoughtful of Citi to increase the fees they charge merchants. :rolleyes:

They often bump people up after a few months. It happened to my AA Platinum.

I've heard that the DC WEMC cards do keep a hard CL, so be aware of that. Not sure if other perks are fully available.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

rockyrock
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Re: New Citi DC is World Elite

Postby rockyrock » Fri Feb 10, 2017 8:20 am

CarefulBuilder14 wrote:How thoughtful of Citi to increase the fees they charge merchants. :rolleyes:

They often bump people up after a few months. It happened to my AA Platinum.

I've heard that the DC WEMC cards do keep a hard CL, so be aware of that. Not sure if other perks are fully available.


Oh, the DC was a PC from a WEMC originally :confused: it used to be the AA Exec card.

What do you mean hard CL?

It's out of rotation for a while right now anyway.
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

yfan
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Re: New Citi DC is World Elite

Postby yfan » Fri Feb 10, 2017 4:02 pm

CarefulBuilder14 wrote:
rockyrock wrote:Got a new Citi Double Cash in the mail this week. I wasn't expecting it as my current one was EMV and didn't expire until 2020. I opened it up and was surprised to see the WEMC logo on the back. The previous one was just a WMC. Not a big deal really but kind of cool.

How thoughtful of Citi to increase the fees they charge merchants. :rolleyes:

Well to be honest, a lot of small to midsize businesses use Square or another unifying platform that basically charges the same fee no matter what credit card is used.

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CarefulBuilder14
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Re: New Citi DC is World Elite

Postby CarefulBuilder14 » Sun Feb 12, 2017 12:41 am

yfan wrote:
CarefulBuilder14 wrote:
rockyrock wrote:Got a new Citi Double Cash in the mail this week. I wasn't expecting it as my current one was EMV and didn't expire until 2020. I opened it up and was surprised to see the WEMC logo on the back. The previous one was just a WMC. Not a big deal really but kind of cool.

How thoughtful of Citi to increase the fees they charge merchants. :rolleyes:

Well to be honest, a lot of small to midsize businesses use Square or another unifying platform that basically charges the same fee no matter what credit card is used.

True...but "a lot" is not all. I suspect there's still enough of a fee increase from non-Square merchants to motivate Citi to make WMC-to-WEMC conversions a general practice.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

kdm31091
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Re: New Citi DC is World Elite

Postby kdm31091 » Sun Feb 12, 2017 8:08 am

Some people have mentioned that their DC says WEMC, but when they go to access some WEMC benefits, they're told their card isn't eligible.

Not sure why it's ok for Citi to put the WEMC logo on a card but not honor the benefits, but whatever

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CarefulBuilder14
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Re: New Citi DC is World Elite

Postby CarefulBuilder14 » Sun Feb 12, 2017 11:15 am

rockyrock wrote:
CarefulBuilder14 wrote:How thoughtful of Citi to increase the fees they charge merchants. :rolleyes:

They often bump people up after a few months. It happened to my AA Platinum.

I've heard that the DC WEMC cards do keep a hard CL, so be aware of that. Not sure if other perks are fully available.


Oh, the DC was a PC from a WEMC originally :confused: it used to be the AA Exec card.

What do you mean hard CL?

It's out of rotation for a while right now anyway.

No personal experience, but my understanding is that many (not all) WEMC/WMC/VS cards (and even a few V/MC Platinum cards) have a "soft" CL which allows the shopper to briefly exceed the nominal CL. Banks would apply closer scrutiny to purchases that bring a person above the nominal CL, and may choose to reject additional charges if they get uneasy. The minimum payment would be increased by any amount over the nominal CL.

Qualitatively, it sounds a lot like a charge card...but the additional spending power and issuer risk tolerance on these cards generally is much less than what Amex will allow on a charge card.

Many Citi WEMCs do supposedly have these "soft" limits, but DC WEMCs are an exception and have "hard" limits.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

rockyrock
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Re: New Citi DC is World Elite

Postby rockyrock » Mon Feb 13, 2017 9:01 am

CarefulBuilder14 wrote:No personal experience, but my understanding is that many (not all) WEMC/WMC/VS cards (and even a few V/MC Platinum cards) have a "soft" CL which allows the shopper to briefly exceed the nominal CL. Banks would apply closer scrutiny to purchases that bring a person above the nominal CL, and may choose to reject additional charges if they get uneasy. The minimum payment would be increased by any amount over the nominal CL.

Qualitatively, it sounds a lot like a charge card...but the additional spending power and issuer risk tolerance on these cards generally is much less than what Amex will allow on a charge card.

Many Citi WEMCs do supposedly have these "soft" limits, but DC WEMCs are an exception and have "hard" limits.



Oh right, I remember reading that for my VS cards. Well, lol this card has a $22k limit so if I try to exceed that they should be worried :ppp

Thanks
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

mountaindewvoltage
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Re: New Citi DC is World Elite

Postby mountaindewvoltage » Tue Feb 14, 2017 11:36 pm

CarefulBuilder14 wrote:
rockyrock wrote:Got a new Citi Double Cash in the mail this week. I wasn't expecting it as my current one was EMV and didn't expire until 2020. I opened it up and was surprised to see the WEMC logo on the back. The previous one was just a WMC. Not a big deal really but kind of cool.

How thoughtful of Citi to increase the fees they charge merchants. :rolleyes:

They often bump people up after a few months. It happened to my AA Platinum.

I've heard that the DC WEMC cards do keep a hard CL, so be aware of that. Not sure if other perks are fully available.


Along with "Citi Concierge" which is probably actually MasterCard's concierge.

I like to call the DC "World Elite" MasterCard a "fake W.E MasterCard," because it doesn't offer 1/2 the benefits a real World Elite MasterCard does.

A "real" World Elite MasterCard includes all of these benefits: https://www.mastercard.us/en-us/consume ... elite.html -- plus access to the website, which people with a DCWEM don't have access to... Literally the stupidest concept I've seen in the credit card world really. I'm not even sure why MasterCard lets them get away with this.

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CarefulBuilder14
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Re: New Citi DC is World Elite

Postby CarefulBuilder14 » Wed Feb 15, 2017 6:24 am

mountaindewvoltage wrote:Along with "Citi Concierge" which is probably actually MasterCard's concierge.

I like to call the DC "World Elite" MasterCard a "fake W.E MasterCard," because it doesn't offer 1/2 the benefits a real World Elite MasterCard does.

A "real" World Elite MasterCard includes all of these benefits: https://www.mastercard.us/en-us/consume ... elite.html -- plus access to the website, which people with a DCWEM don't have access to... Literally the stupidest concept I've seen in the credit card world really. I'm not even sure why MasterCard lets them get away with this.

I think Citi uses Aspire for the concierge service on Diamond Preferred and DC. They definitely switched from CWT to Aspire on Prestige. Of course, Aspire may have some very different tiers.

WEMC concierge is offered as a separate service...though I'm not sure if or where it ultimately gets outsourced.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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