It looks like 5 NEW credit cards are coming to the U.S. market by the end of 2023! Find out what we know so far and get your wallets ready! Click “Show More” to see Ad Disclosure.
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00:00 – Intro
1:10 – Cards 1 & 2 (Citi Strata Premier | Citi Strata Elite) – We’ve been waiting for a replacement to the discontinued Citi Prestige Card, and it looks like we’re about to get it! The Citi Strata Elite is the planned successor. It will be a premium travel credit card, likely with elevated benefits like airport lounge access, credits to use with partner merchants (I’d imagine like what we now see on the Citi AAdvantage Executive World Elite Mastercard), and hopefully strong rewards multipliers to compete with (or outperform) the Amex Platinum Card, Chase Sapphire Reserve, or the Capital One Venture X. My guess is that the current Citi Premier card will be rebranded (perhaps changed to some degree) to become the new Citi Strata Premier card. It will then become the mid-tier travel credit card offered by Citi.
4:47 – Cards 3, 4 & 5 (Wells Fargo Signify Business Cash, Essential, Elite) – Wells Fargo is launching 3 new business credit cards with the following names: Wells Fargo Signify Business Cash Mastercard, Wells Fargo Signify Business Essential Mastercard, and the Wells Fargo Signify Business Elite Mastercard. Each one will apparently offer a complimentary Priority Pass membership, given that the landing page to enroll is already live at this link: https://www.prioritypass.com/wellsfargosignify
Wells Fargo has been doing a GREAT job with reimagining their consumer credit cards so far. The Wells Fargo Active Cash is an excellent 2% cash back credit card, the Wells Fargo Autograph offers a bunch of high-value 3X point categories, and the Bilt Mastercard is one of the best travel credit cards available right now, even allowing you to pay rent without a transaction fee! All 3 of these cards have no annual fee.
Bilt Mastercard terms: wellsfargo.com/credit-cards/bilt/terms
Bilt Mastercard Rewards and Benefits: https://www.biltrewards.com/terms/rewards-and-benefits
8:58 – [Rumor] Card 6 ($250-$450 World of Hyatt credit card) – There’s talk that Chase / World of Hyatt may launch a premium Hyatt credit card in the future. Some users have been targeted with a survey from Chase asking about different benefits. The options mentioned on the blog post on FlyerTalk are as follows:
– Increased annual fee: $250, $350, or $450
– 3x points on your Top 2 spend categories
– 10 Elite Qualifying Nights (EQNs) credit instead of 5 EQNs
– Annual Cat. 1-5 free night certificate instead of Cat. 1-4
– $25K spend to earn an additional Cat. 1-5 certificate
– Ability to combine Cat. 1-4 certs to higher value certificates (options include 1-6, 1-8)
– Ability to extend free night certificates via spend or a flat 5,000 point fee
– Statement credits for Hyatt stays and on-premise expenses (e.g. F&B)
– World of Hyatt Explorist status for your first cardmember year, then Hyatt Discoverist thereafter
– Doubled milestone rewards post-60 nights (20k pts or 2 Suite Upgrade Awards per 10 nights)
Source: https://www.flyertalk.com/forum/hyatt-world-hyatt/2134749-new-woh-premium-card-survey.html
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com and YourBestCreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #bestcreditcards #newcreditcard
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