Or, consider other cards for 50,000 or more miles or points that transfer into United miles with additional flexibility for your everyday spending.
$1,000 toward travel or transfer to United, Southwest, and more.
2x points on all your spending.
Citi is rolling out no foreign transaction fees effective November 15, 2015 across its AAdvantage Platinum Select credit cards which carry a $95 annual fee.
It’s a long overdue change since the equivalent cards from Delta and United no longer have foreign transaction fees. And it’s made even more glaring by the fact that the AAdvantage Aviator Red cards from Barclaycard don’t levy them either.
But it’s coming at a price.
Consumer cardholders were notified earlier that they’re losing what we’re guessing is a little used $100 American Airlines credit when you spend $30,000 on the card in a calendar year.
Now, holders of the CitiBusiness AAdvantage Platinum Select card are being notified of changes, and there is more happening:
The annual companion certificate that lets you fly a friend for $99 when you spend $30,000 or more on the card will remain.
Overall, the foreign transaction fee benefit is probably worth the 5% rebate going away.
If you maxed that rebate out and got 5,000 miles back each year, you’d get about $50-$100 in value from those miles.
If you spend at least $2,000 a year in foreign purchases with the card, you’re probably coming out ahead by saving 3% on those purchases.
But if you really spend a lot on office supplies and your business doesn’t spend a lot on gas, the card just got less rewarding.
Citi doesn’t have alternatives for small business owners who want to earn AAdvantage miles. It’s literally this card or nothing. And in fact this is the only small business card Citi is currently offering at all.
Unlike Chase and American Express, Citi has long been more hesitant to enter the small business lending space in a big way, and we haven’t seen signs that’s changing.
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Foreign Transaction Fee Waived
Points Can Transfer to Airline Miles ?
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