Who owns my credit union credit card?

Australia’s largest credit union, CUA, confirmed that its credit card business is in “transition”, which means that cardholders can use their cards as usual but customers cannot apply for a new card at this time.

CUA is ending an agreement with Citibank, who “own” the CUA credit card relationship with CUA credit card customers. Citibank are likely to offer CUA credit card customers the option to switch to a new Citibank credit card.

CUA will launch new CUA credit cards before July 2016, which will be able to be linked to other CUA products.

Source: Banking Day

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