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 Citibank exit Malaysia, Bye bye

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L.Torreira
post Apr 15 2021, 10:37 PM

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QUOTE(laksamana @ Apr 15 2021, 09:27 PM)
The bank is exiting consumer operations in Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam https://www.cnbc.com/2021/04/15/citigroup-c...gs-1q-2021.html
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so what about the credit cards business? I am still having 370k citi miles
L.Torreira
post Apr 15 2021, 10:38 PM

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QUOTE(cucumber @ Apr 15 2021, 10:35 PM)
Wait.. so Citibank Credit Card how?
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same. i still have 370k citi miles. that's about 15x return economy class to taipei
L.Torreira
post Apr 15 2021, 11:41 PM

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QUOTE(un.deux.trois @ Apr 15 2021, 09:28 PM)
Does retail banking include credit card? I just got a citi cc late last year. Won a ps5 sign up gift but no stock.
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yes include. cc is retail biz
L.Torreira
post Apr 15 2021, 11:46 PM

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QUOTE(Starbucki @ Apr 15 2021, 10:28 PM)
so exit or no exit?
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exit the retail not exit the institutional
L.Torreira
post Apr 15 2021, 11:48 PM

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QUOTE(laksamana @ Apr 15 2021, 11:07 PM)
Consumer operations includes the credit card business

It looks like Citi will only be for corporate and SME once they close the consumer channels
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so my citi miles all gone if they close the retail?
L.Torreira
post Apr 15 2021, 11:50 PM

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QUOTE(Starbucki @ Apr 15 2021, 11:47 PM)
still its the main concern of everyone lo...credit card
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my citi miles 370k gone. better convert to KF or asia miles?
L.Torreira
post Apr 16 2021, 02:17 PM

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QUOTE(wualalala @ Apr 16 2021, 01:58 PM)
I don’t think citi CB is any better than mine getting 8++ cash back every month
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My citi miles 373k
L.Torreira
post Apr 16 2021, 04:34 PM

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QUOTE(jojolicia @ Apr 16 2021, 04:33 PM)
No 2, same like my previous southern bank, eon bank CC
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How about your points rewards or miles? Become zero or transferable?
L.Torreira
post Apr 16 2021, 04:37 PM

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QUOTE(Henry T @ Apr 16 2021, 02:20 PM)
The advantage of Citibank CC is that there is no expiry date for the points. This way card holders can accumulate enough points to redeem some big ticket items.
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0.75% is way low. Better convert to Asia Miles

 

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