We’ve got a number of reports from people regarding their Citi credit cards being shut down (thanks to Miles Per Day for letting me know about this originally on Twitter), the official reason that Citi has given them is as follows:
Pursuant to our Card Agreement, we have the right to close your account at our discretion anytime without prior notice. We have chosen to exercise this right.
There is some discussion of this talking place on Flyertalk and I’m told it’s also being discussed in various private forums/chat groups/snapchat accounts/however else people share information these days. From what I can gather at the moment it seems these shut downs are relatively small scale at the moment and are targeted towards people with unusually high levels of spend on their cards.
It also seems like these people have been blacklisted by Citi, meaning any cards that they apply for in the future will lead to an instant denial. We’ll talk about blacklists for all the different card issuers in a future post. This also follows on from Citi disallowing credit card funding on their deposit accounts. Â Please feel free to share your data points in the comments.
