Recall that in the past, Citibank has waived my annual fee in exchange for me using it. For example, awhile back, I negotiated an offer regarding my Citi/AAdvantage Platinum Select World Elite Mastercard. Citi made me an offer in which I need to use the card for 5 purchases of $20 or more over the next 3 months. I did this and the $95 fee was credited back to my account on the next billing cycle.
Another time, I was offered a deal through my CitiBusiness/AAdvantage Platinum Select World MasterCard. In that deal, I needed to spend $100 on the card in over next month for them to credit back $75 of the $95 annual fee. I reluctantly agreed and spent $100. I decided $20 was worth it to me to keep the card, as sometimes there are good spending incentives and I had a high credit limit.
The party may be over.
This year when I received the $95 annual fee bill for my Citi / AAdvantage Platinum Select World Elite MasterCard, Citi would not negotiate. I tried really hard but their answer was a big fat NO!
I canceled the card. This was my thought process upon canceling the card.
1. I do not use this card.
2. In case I want to start to accumulate American Advantage miles via a credit card, I still have other Citi AAdvantage cards like the Citi / AAdvantage Gold MasterCard and the CitiBusiness/AAdvantage Platinum Select World MasterCard.
3. I only got this card to get the 50,000 AAdvantage miles, which I did. Recall, Citi gave me a small credit limit of $1,000 because of my other Citi cards. But I worked the bonus regardless. Read about that here.
4. I only had a small credit limit of $1,000. This is not a credit limit that I could shift around to get other cards and thus other bonuses. Don’t understand? Read what I am talking about here.
Bye Bye Citi / AAdvantage Platinum Select World Elite MasterCard. Maybe we will meet again in the future.