I guess Citi is going to consider this card a bigger failure than even the Mastercard version.

Personally I don't understand how Citi thought people would pay $500 a year for this card when they would not pay $400 for Mastercard that was more widely accepted. I have a felling a lot more SB Reserved would have either taken up SB offers on the card or accepted the card if Citi would have been more generous and allowing a on going annual fee waiver for Reserved Clients(highest level at Citigroup PB and Retail Bank) rather than only waiving the annual fee on an on going basis for only for "Private Wealth and Management Clients" which is a level offered only at SB offices outside of both Private Bank and Retail Bank which requires $5 million in managed money or $50 million in assets.

Think about how big of joke that is when BOA is waiving the fee on the Accolade Cards with $100k in assets which is basically the same card as this without flight points earning ability.