American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
Publishing timestamp: 2024-09-20 13:00:01
Summary
American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping Barclays. The negotiations aim to boost revenue from loyalty programs and co-brand credit card deals. The deal is still ongoing and subject to regulatory approval. Citigroup has a good chance of prevailing over Barclays due to its more profitable side of the business.
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