Citigroup is re-entering the ultra‑premium credit card space with a new offering aimed at competing directly with cards like the @AmericanExpress Platinum. 🆕 Citi Strata Elite (Q3 launch) Release timeframe: Expected in the third quarter of 2025, per @Citi’s recent earnings presentation Called “Strata Elite,” it’s designed to complement Citi’s existing proprietary rewards lineup and take on high-end competitors. 🔍 Unknowns at this stage Citi hasn’t released specifics on the annual fee, rewards structure, or perks. Those details are still under wraps . 🔄 Competitive landscape & background This move arrives as major issuers refresh their premium offerings—Chase recently upgraded the Sapphire Reserve, and Amex is set to revamp its Platinum card Citi hasn’t had a true premium card since the Prestige product was discontinued in mid‑2021 🧠 Speculation Some suggest Strata Elite may carry a lower annual fee than Platinum or Sapphire Reserve because Citi lacks a proprietary lounge network With Citi gaining exclusivity over @AmericanAir co‑branded cards, there’s speculation it might introduce American Airlines as a Thank You transfer partner. @twifintech