Citi charges $595 for ‘Strata Elite’ credit card to rival Amex, Chase
Citigroup Inc. A distinct credit card designed to compete with Jpmorgan Chase & Co. And American Express Co. , The increasingly crowded market participants for the cards that offer high -end privileges.
The “Strata Elite” card will include an annual fee of $ 595 – the price that the bank says can open approximately $ 1500 in value if it is used to its maximum capabilities. It provides the largest hotels for hotels, car rental and tourist attractions that have been booked on the Citigroup travel platform, as well as eating in restaurants in PEAK Weekend Times.
The card also bakes in the privileges of customers who fly with American Airlines Group Inc. It gave four passes annually to the airline airport halls and the ability to transport Citigroup “Thankyou Points” to the Miles reward with the airline. This is followed by the expansion of the company’s current cards partnership in December, when US Airlines chose to make Citigroup the exclusive source of all its credit cards.
In addition to American Express and JPMorgan, Citigroup will compete with other banks trying to storm the excellent space, including Capital One Financial Corp. Customers who compete for him greatly, known for their willingness to pay annual fees, and more reliable spending on travel and hospitality.
“It was always very competitive – the competition makes us all better,” said Pam Habner, head of Citigroup, Citigroup Cards, said in an interview.
At a price of $ 595, in addition to $ 75 annually per certified user, the card is cheaper than the JPMorgan’s Sapphire, which Habner helped launch when she worked there in 2016. The annual fees for this card will jump to $ 795 out of $ 550.
Read more: Jpmorgan Hikes SAPPHIRI backup to $ 795 to repair the card
In addition to the privileges offered by Citigroup directly, the Stata Elite card will be the first in the recently announced World Legend cards in MasterCard, which means that it comes with an additional set of benefits. World Legend cards include access to the MasterCard group, which translates into tickets before selling and reaching airport security, among other rewards.
“We have designed the benefits we know our customers can use,” Habner said, adding that the card is designed to give customers rewards for spending types, instead of delivering bonuses similar to the voucher for use with specific companies.
2025-07-27 14:35:00
