NEW YORK—Citi is overhauling its credit card rewards programs, and consumers may not like the changes, one analysis suggests.
“The bank is eliminating numerous perks from many of its cards, including the Price Rewind feature that allowed consumers to get a partial refund on items purchased online if the sales price subsequently dropped,” MarketWatch stated.
“The benefits will be phased out on Sept. 22 for existing card holders. Other perks being eliminated include worldwide car rental insurance, trip cancellation and interruption protection, worldwide travel accident insurance, trip delay protection, baggage delay protection, lost baggage protection, extended warranty and roadside assistance dispatch service, MarketWatch said.