The news: Citi and American Airlines debuted the Citi AAdvantage Globe Mastercard, a mid-tier travel credit card with a $350 annual fee, per a press release.
Some travel perks include:
Why this matters: As Citi gets ready to take over as the sole American Airlines issuer, the bank can thoughtfully craft a travel portfolio to target every kind of traveler.
While not every frequent flier can justify the $595 yearly fee for Citi’s Strata Elite, the AAdvantage Globe Mastercard could appeal to those looking for elevated perks without the premium price tag.
Our take: With airlines revising their year-end forecasts optimistically, issuers have a chance to get in on lucrative travel volume.
While front-of-cabin sales have benefited from wealth-effect spending, mid-tier travel cards could help boost main cabin sales with slightly pared down reward structures.
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