Citigroup (C)

Citibank recently cancelled hundreds of co-branded MasterCard accounts, primarily cards associated with gas-stations, without notifying their customers.
In a statement the bank said that they had “decided to close a limited number of oil partner co-branded MasterCard accounts.” The statement said that these account closings include credit cards affiliated with Shell, Citgo, ExxonMobil and Phillips 66-Conoco. They did not state why the cards were cancelled, but only issued a statement that the bank “continuously evaluates its products.”

Oct 20 · 2:44:00 PM · Source: American Banking News
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by Michael Oliveto