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Citi is converting AAdvantage Visa cards to Mastercard

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This article was last updated Aug 17, 2015, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

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Citi recently signed an updated deal with Mastercard that includes migrating more of its credit card users over to Mastercard.

What does this mean?

If you’re not interested in sign on bonuses for new cards, it doesn’t mean much. Visa® and Mastercard have similarly large worldwide acceptance, and the underlying features of your cards won’t change. You’ll still pay the same annual fees and earn the same number of miles from your spending.

But your card will have a new account number, so you’ll have to change that for any recurring billing.

On the plus side if you get switched to a Mastercard World Elite you’ll be eligible for some additional travel perks like car rental elite status.

What about bonuses?

Today, Citi only issues Mastercard accounts for new Citi AAdvantage cards. So if you apply for a new one it will be a Mastercard.

What’s interesting is that Citi, like some other banks, considers a Visa® and Mastercard version of a card a different product.

And Citi only lets you earn one bonus on a type of AAdvantage card if you haven’t held the card in the last 18 months.

No need to spell things out, but if you let Citi convert your Visa® to a Mastercard it will then be the same product as the equivalent card available today. Your old Visa® would have been considered a different product for the purposes of the 18 month rule before conversion.

Is Citi giving up on Visa?

Not entirely. The Costco Anywhere Visa® Card by Citi is a Visa®, and Costco now only accepts Visa® cards.

But the merchant networks are always fighting for their share of business from the banks, so Mastercard appears to have sweetened the pot for Citi to switch cards over to Mastercard.

Though it’s going to be harder to use your Citi card at Costco unless you sign up for the Costco Anywhere Visa® Card by Citi branded card with fewer Citibank branded Visa® cards in circulation.


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