Why I don't Own Any Citi Credit Cards | Summary and Q&A

TL;DR

Exploring the value and drawbacks of City credit cards and their potential in different credit card journeys.

Key Insights

• 💳 City credit cards' value varies based on individual credit card usage patterns and preferences.
• 🎴 The reduction of benefits on City cards reflects a cost-saving strategy by the issuer.
• 💳 City's focus on subprime consumers may limit the benefits and rewards compared to other credit card issuers.
• 🇻🇦 The reputation of City's customer support can influence cardholder satisfaction and usage.
• 💳 In early credit card journeys, City cards may present a viable option compared to traditional debit cards.
• 🎴 City's simplicity and straightforward cash-back rewards on cards like the City Double Cash Card can be appealing to some users.
• 💳 Late-stage credit card users may find value in City cards for specific rewards or bonuses after exhausting other card options.

Transcript

you know what is going on you guys welcome back to another video so in this video we're actually gonna be talking about a credit card issuer that I normally don't speak about on this channel bum ba-bum ba-bum so in today's video we're gonna cover three topics one is is city actually worth it or when are the situations applicable when city could be ... Read More

Questions & Answers

Q: What factors determine whether City credit cards are worth it?

The value of City credit cards depends on individual situations such as credit card usage preferences, financial goals, and credit history. It may offer advantages over traditional debit cards in certain scenarios.

Q: Why has City reduced benefits on their credit cards?

City has trimmed benefits to save costs, especially perks like price protection. The move could be aimed at streamlining resources and catering to their target market of subprime consumers.

Q: How does City's customer support reputation affect its standing?

City's poor customer support reputation, jokingly referred to as "shitty bank," can impact cardholder experiences. It highlights the importance of customer service in credit card issuer evaluations.

Q: Are City credit cards a viable option for late-stage credit card users?

City credit cards can offer value to consumers who have exhausted other card options and still seek rewards or welcome bonuses. It may serve as a supplementary choice in a diversified credit card portfolio.

Summary & Key Takeaways

• Evaluates the worth of City credit cards in various credit card usage scenarios.

• Discusses the benefits and drawbacks of City credit cards compared to other issuers.

• Explores the impact of City's focus on subprime consumers and the reduction of card benefits.