Citigroup Kills Some Card Perks as It Unveils New Reward Options
- Citi will end price-protection, trip-insurance benefits
- Bank to introduce real-time rewards redemption for some cards
Photographer: Andrey Rudakov/Bloomberg
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The world’s largest credit-card issuer is eliminating some of its credit-card perks as it launches a new way for customers to use points.
Citigroup Inc. will discontinue free trip insurance and price-protection guarantees from all its U.S. cards, while other perks, including car-rental and lost-baggage insurance, will be pulled from some accounts. Separately on Tuesday, the bank introduced a new way for customers to redeem their ThankYou points.