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AT&T Universal Cash Rewards Card Closing Shop

I received a letter today detailing how Citi has decided to discontinue the AT&T Universal Cash Rewards Card for “business reasons.” It boils down to this… if you have 50 reward dollars or more then you’ll be able to cash them out, otherwise you have until June 30th to accrue to the necessary dollars. If you are in any of their protector programs, it’ll end automagically. If you have a balance, you still have a balance and follow the terms of that balance until you’ve paid it off.

Unfortunately, the AT&T Universal Cash Rewards card was my main 5% off gasoline card so I’ll be shopping around for a card that’ll give me 5% on gasoline, supermarkets, etc. Since the account terms and conditions will continue, I’ll pay off my card in full and request a 0% balance transfer for the full credit limit which will have that rate for 12 months. One last hurrah!

Update: I’ve signed up for the Citi Platinum Select credit card, read about the card’s info here [3] (it’s basically the same card as the AT&T Universal Cash Rewards card)

Dear Jim,
Citi, the issuer of your AT&T Universal Cash Rewards Card, has decided to discontinue this credit card for business reasons. Therefore, your account will be closed on 6/30/06. This letter outlines the important information about the closing of your account.

When will your account be closed?
No further charges will be accepted on your account as of 6/30/06. Your current account terms and conditions will continue to apply to any balances remaining on the card.

What to do about your outstanding balances.
If you have an outstanding balance you will continue to receive a monthly statement even after your account is closed. You should continue to send payments until your balance is paid in full. Prompt payments will protect your credit rating.

What to do about Cash Reward Dollars you may have earned.
If you have earned 50 Cash Reward Dollars or more, call us at 1-866-676-4659 by 7/31/06, so that we may send you a check for the total amount shown on your monthly billing statement. If you are already registered to redeem Cash Reward Dollars online, you may request a check at www.universalcard.com.

What about my AT&T Universal Card calling benefits?
The monthly AT&T UNiversal Card calling benefits associated with your card, including 30 free phone minutes, 2 free directory assistance calls, and wireless cell phone insurance, will no longer be available for use after June 30, 2006. You will no longer be able to purchase additional minutes after June 1, 2006 and any purchased balance will no longer be available for use after June 15, 2006. If you have a purchased minute balance after June 15th, you will receive a credit on the credit card used to purchase the minutes. The credit will be issued between June 16th and June 30th.

What about automatic monthly payments you have set up?
If you have set up automatic monthly payments to your card, please contact these businesses to establish an alternative form of payment to ensure continued membership/status/coverage.

If you are currently a member of a debt protection product such as Credit Protector, Balance Protector or Payment Aid, you will not be billed in the future and your coverage will terminate at the end of the billing period in which your account is closed. If you are a member of another membership program that bills to your account monthly, such as Watch-Guard, Drive America or others, your membership/coverage will terminate unless you contact the program provider and provide an alternative form of payment. if you have supplemental insurance coverage, such as accidental death, hospital indemnity or others, your coverage will also terminate unless you contact the insurance company to establish an alternative form of payment to ensure continued coverage. You can find the phone number for each program on your monthly billing statement next to that program’s charge.

Thank you for your business.


Julie A. Garry, Vice President and Business Manager

P.S. If you have any questions, please call Customer Service at 1-800-423-4343.