Originally Posted by
STS-134
Didn't Citi devalue the Prestige not so long ago? I'm sure that didn't help either.
Profitability for a company is really a tough thing to define. If people churn cards but park $250k+ worth of investments (as have I) at Chase for Private Client AND have a mortgage with them (as do I), then do we look at profitability for just one product or profitability for that person as a whole? They might be losing money on my CSR, since I only spend in travel & dining. But last year, I also spent over $25k on my UA MPE card, all in non bonus categories, for the PQD waiver. So, am I a profitable customer for them?
Since you are CPC, you may want to check out a huge $1000 bonus for opening a specific checking account there. Google it you will find the link if you haven't learned about this already.
Totally agree that the profitability picture is a Whole picture of how the client / bank relationship is.
And I really dislike misleading / outdated news being thrown around as a "support" to one's argument. If one needs some type of "support" to justify one's view, some homework / fact check should be done, just out of respect to the readership, to not mislead the readers. jmo.