Citibank Introduces New Debit Card Earning American Airlines AAdvantage Miles; Launch Includes A One Million AAdvantage Mile Grand Prize Sweepstakes.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 23, 2002 Citibank announced the introduction of the Citibank AAdvantage(R) Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , which will allow users to receive American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the AAdvantage miles for all debit card signature-required purchases, as well as Internet, phone, mail order and point-of-sale debit card purchases when "credit" is selected. The card is available to new and existing Citibank checking account customers and will also function as a Citibank ATM card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: The cards are the first translucent translucent slightly penetrable by light rays. debit cards in the U.S. The Basic Citibank AAdvantage Debit Card has an annual fee of $25.00, earns 1 AAdvantage mile for every $2.00 spent on qualified purchases and allows users to earn up to 60,000 AAdvantage miles per calendar year. The Premium Citibank AAdvantage Debit Card has an annual fee of $65.00, earns 1 AAdvantage mile for every $1.00 spent and affords users the ability to earn up to 100,000 AAdvantage miles per calendar year through qualifying purchases. Cash withdrawal and PIN-based transactions do not earn mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his . "As the variety of payment options continues to expand, we want to offer customers products that add value to their purchasing behavior. We have a long and successful relationship with the American Airlines AAdvantage program. This allows us to offer our customers who prefer using a debit card the benefits of earning miles with their purchases," said Maura Markus, President of Citibanking North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "Consumers have told us again and again that earning miles is an incentive they value most. And, now with the new Citibank AAdvantage Debit Card, they can earn AAdvantage miles on purchases made every day," said Ed French, President of the AAdvantage Marketing Programs. "We're also pleased to work with Citibank on this initiative, which complements the family of Citibank AAdvantage products." The launch of the new card is being supported with promotions including a One Million AAdvantage Miles award to the Grand Prize winner in an online sweepstakes. Beginning February 1st, further sweepstakes information may be found at: www.sweepstakes.citi.com. Marketing programs will include print and radio advertising, in-branch merchandising, direct mail, street level marketing and incentives. New customers will receive up to 10,000 AAdvantage miles for opening a Citibank checking account with a Citibank AAdvantage Debit Card. Existing customers can receive either 2,000 or 4,000 bonus AAdvantage miles respectively for converting to either a Basic Citibank AAdvantage Debit Card or a Premium Citibank AAdvantage Debit Card. The debit feature debits customer checking accounts for purchases and transactions. Citibank premiered its American Airlines AAdvantage credit card in the U.S. in 1987. It is now available in 18 countries. The new Citibank AAdvantage Debit Card is available beginning the week of January 21, 2002. Information concerning the Citibank AAdvantage Debit Card may be found at www.citibankonline.com. About Citibank Citibank is a member of Citigroup (NYSE NYSE See: New York Stock Exchange : C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with some 190 million customer accounts in more than 100 countries, which provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers. Additional information may be found at: www.citigroup.com. About American Airlines AAdvantage Travel Awards American Airlines' AAdvantage Travel Awards Program - the first and largest of its kind - began in 1981 with 283,000 members and has grown to more than 45 million members worldwide. The AAdvantage program has more U.S. fliers than any other frequent traveler program, and it provides more opportunities to redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. miles than any other program. Additional information may be found at: www.aadvantage.com. |
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