Citi is providing some Premier cardholders a statement credit to cover the $95 annual fee without the latter seeking a retention offer. Here’s what you need to know about Citi waiving its Premier credit card’s annual fee, and how to take part.
Reports: Citi Waiving Premier Card Annual Fee
The Citi Premier Card is a decent, premium credit card for those who spend heavily on travel, gas, dining, and more. The card typically features an annual fee of $95, but Citi appears to be waiving that charge for some users.
According to a report from points blogger, the Miles Man, Citi is waiving the annual fee in the form of a statement credit. The report states that Citi Premier account information is showing a “$95 annual fee waiver.”
Banks Seeking to Retain Premium Cardholders During COVID-19
Many credit card issuers are offering various benefits to try and convince existing premium credit cardholders to retain their card for another year. These bonuses can take several forms, from bonus spending categories, the ability to use travel statement credits for dining or groceries, or waiving annual fees.
The unique – and refreshing – take with the Citi Premier annual fee waiver is that it doesn’t appear to require any phone calls or requests to receive. Instead, Citi is returning the annual fee with no prompting – and no questions asked.
Citi, a leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries worldwide. Citibank is the fourth-largest bank in the U.S. by total assets – and the third-largest issuer of credit cards. Over 68 million Citi credit cards are currently in circulation, including co-branded credit cards with names like AT&T, Macy’s, Bloomingdale’s, American Airlines, and more.
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