Annual Fee Introduced for Citi Cash Returns Credit Card

Today we received a letter from Citibank notifying us that they are going to introduce an annual fee of $60 for our Citi Cash Returns Card effective from April 1, 2010. This was a nice card which offered a no hassle 1% cash back on ALL purchases. The best part was that we'd get our cash back check automatically once it crossed $50. No headaches of ordering a rewards check or expiring rewards.