I should have mentioned this in my post from earlier today, but one thing to keep in mind with that new 2% card is that Citi’s credit card unit has not been a tightly run ship. They had the Cash Returns unlimited 5% fiasco a while back, the very generous Citi Amex Platinum, unlimited AA card churning, unlimited 5% ThankYou Points, applications mistakenly left open for years after the fact, and so forth.
In short: Citi is pretty stupid.
Maybe that’s changed. Maybe they’ve got new management in there that’s cleaned things up and inspired the troops. I have no idea. But given what we know about Citi’s history, would it be more surprising to you if (a) this product was a pedestrian mainstay of Citi’s lineup for many years and never generated much buzz, or (b) Citi screwed up somehow and a few folks generated significant cashback?
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In short: Citi is pretty stupid.
Maybe that’s changed. Maybe they’ve got new management in there that’s cleaned things up and inspired the troops. I have no idea. But given what we know about Citi’s history, would it be more surprising to you if (a) this product was a pedestrian mainstay of Citi’s lineup for many years and never generated much buzz, or (b) Citi screwed up somehow and a few folks generated significant cashback?
The post Let’s not forget about the stupid factor appeared first on Personal Finance Digest.
Continue reading...