For the third time this year, yet another major credit card company has decided to reduce or trade in some of the best perks of its Membership Reward Programs, which previously lured thousands of current credit card holders to its reigns who boasted time and time again about their year-end savings. Now it appears that the New Year has ushered in changes via formal letters through snail mail following concerns of escalating costs incurred by these once appealing programs.
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Following an earlier announcement by American Express to remove the double rewards feature of its Membership Rewards Program beginning this month, which allowed customers to earn double savings on every day purchases such as groceries and drug store purchases, which we previously reported, now it looks like Citibank has followed suit by reducing cash back incentives for holders of its Citi Dividend Card on a similar feature. Citi’s lavish reward […]

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