🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Citi secures exclusive rights to American Airlines cards

EditorFrank DeMatteo
Published 05/12/2024, 14:42
© Reuters.
C
-
AAL
-

American Airlines (NASDAQ:AAL) and Citi have announced a decade-long extension of their co-branded credit card partnership, with Citi set to become the sole issuer of the AAdvantage® co-branded card portfolio in the United States starting in 2026. This move is anticipated to enhance the loyalty and rewards programs for both AAdvantage® members and Citi cardholders.

The partnership, which has spanned over 37 years, will see Citi acquiring the Barclays (LON:BARC) American Airlines Co-branded Card portfolio. The transition of Barclays cardmembers to Citi is expected to maintain the current level of benefits until the switch in 2026. Additional details regarding the transition will be released in future months.

American Airlines CEO Robert Isom expressed pride in the airline's pioneering efforts in loyalty programs and co-branded credit cards, citing the strength of the partnership with Citi in delivering quality products and services. He anticipates that the expanded partnership will bring new benefits and value to customers.

Citi's CEO, Jane Fraser, highlighted the importance of the partnership in providing excellence to customers and expressed enthusiasm for elevating the relationship through new loyalty and reward offerings. The alignment is set to create more opportunities for welcoming new cardmembers and enhancing the relationship with current ones.

The Citi®/AAdvantage® card portfolio offers a range of products catering to different fee levels, including the American Airlines AAdvantage® MileUp® Card, the Citi®/AAdvantage® Platinum Select® World Elite Mastercard®, and the Citi®/AAdvantage® Executive World Elite Mastercard®, along with a business card option.

The exclusive agreement will allow Citi to manage all American Airlines acquisition channels, including inflight and airport venues, aiming to drive growth for Citi’s Branded Cards business and its U.S. Personal Banking business.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.