I think most of my readers have a Citi Dividend card. You probably received a glossy pamphlet about your Dividend card being converted to a World card.
There are no real benefits to the conversion.
There are, however, several downsides.
- The card will have a new number so all of your auto-payments will have to be changed
- This is a "prestige" card that doesn't report a spending limit (although they won't let you spend an unlimited amount either). This may sound good but your credit report won't show a limit so they will assume the largest amount you spend is your limit. This could make it look like your card is maxed out if you happened to spend extra one month.
Labels: credit cards