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Catching up with Chase and Citi

By Janna Herron ·
Tuesday, May 7, 2013
Posted: 5 pm ET

Chase unveiled a new credit card aimed at seniors, while Citi has made it easier to pay your credit card on time and protect your account.

First up, Chase is debuting a new credit card for AARP members that offers 3 percent cash back on gas and dining purchases and 1 percent on everything else. There are no earning caps, no annual fee and no expiration on points.

The AARP credit card also features no interest on purchases or balance transfers in the first 12 months. After that, the annual percentage rate is 16.24 percent for both transactions. New cardholders can get a $100 cash-back bonus after spending $500 in the first three months.

Next, Citi is making a few changes to help their existing credit card holders. The bank is extending its card payment deadline to midnight for online and telephone payments on the due date, effective immediately. The Credit Card Accountability, Responsibility and Disclosure Act of 2009 dictated that the payment cut-off time can't be earlier than 5 p.m. on the due date.

Citi is also bringing back virtual account numbers that allow cardholders to generate a one-use credit card number to use for online or telephone purchases. This is one way cardholders can protect their account information from fraudsters.

What recent changes has your credit card issuer made? Were they helpful?

Follow me on Twitter: @JannaHerron

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