If you’re still waiting for Citigroup’s 2G card to be introduced to the market, now would be the time to abandon ship. According to American Banker, the card is still being beta tested and doesn’t look like it will be coming off pilot mode any time soon.
Representatives at Citi and Dynamics — the company developing the technology for the 2G card — insist that they are still working on the card, but analysts speculate that two years of pilot testing is “kind of on the long side” and that things don’t look too good for the hi-tech card.
The 2G card would let customers pay for purchases with the rewards points they’ve earned with Citi, allowing them to use a battery-powered card at the point of sale. Customers would be able to toggle between paying with their regular credit line or their rewards points through the push of a button.Related