Got this notice in the mail today... This is for my Diamond Preferred card, which I use to get 5 points for gas and grocery (I have to call in every year to get them to give me 5 points again)

Annual fee of $90 billed starting with the September 2010 statement. It will be credited back if I have more than $2400 in purchases by the end of August 2010 statement. If I spend more than $9000, I will get 1.25% per dollar on purchases exceeding that.

Opt out by Sept 30th and your account will be closed.

I got the same notice, they stopped giving me 5 points for gas and grocery so i stopped using it a few months ago switched to my Schwab card, other than my internet charge every month. I called and told them to cancel the card. I only put 8500 a year on that card and paid it off every month. I guess if you don't use them, they change the terms. Now waiting for the same notice on my Citi PremierPass card.

Interesting way to try to jsutify a annual fee by forcing spending..

I got the notice of change in terms too on my Citi Diamond Rewards card, only my annual fee was going to be $60. I am going to opt out, shame because I used the card heavily. Always paid in full every month. Switching to my Discover card now.

Is there a thread here that discusses who takes what cut when customers charge purchases to CCs? I am asking because it is starting to look as if the merchant fees are not enough to make (some) PIFers all that lucrative.

Sorry if I missed this topic in some other thread. Does anyone know if Citi Platinum cards (no Cash Back) are going to be affected by the annual fee?