Saturday, October 23, 2010

Citibank Credit Cards with Buttons & Lights

Very soon, Citibank will introduce a credit card having 2 buttons and lights on it.

The two buttons are for two different purposes. While shopping, the card holder can choose between the reward points and cashback/cash reward by pressing any of the 2 buttons.

This is really a revolutionary change in the history of credit cards.

Our current age old credit cards have magnetic strips behind it which is the technology somewhere around 1970s. Right now more than 100 billion credit cards are in the pocket of the Americans.

Citi's cards will be tested by a select group of cardholders beginning in November, though some Citi employees have been testing the cards since May. The pilot program will expand as Citi incorporates user feedback. The bank plans to make the cards available on a broader scale in mid to late 2011.

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