Citibank reduces charges on credit card frequent flyer rates

Travel News 01 Nov 2015

Citibank has abandoned controversial changes to the frequent flyer 'conversion rates' under the Citibank Rewards program.

The changes would result in an immediate effective 'devaluation' of Citi Rewards Points as high as 25% and was also to be applied to customers' existing Citibank point’s balances as well as future transactions.

Citibank cardholders will be able to swap the bank's own points for airline frequent flyer miles for more generous rates, the Australian Business Traveller confirmed with a Citibank representative.