Citigroup has developed another perk-laden credit card, in the latest big-bank effort to poach some of American Express's (AXP) wealthy, high-spending customers.
The New York bank, which has been trying to reinvent its credit card unit, held a glamorous launch party for its Citi Hilton HHonors Reserve Visa Signature at the rooftop bar of Hilton's Conrad hotel in lower Manhattan on Thursday. The new card, which carries a $95 annual fee, lets travelers earn rewards points for staying at Hilton Worldwide's hotels. Among the....