AMEX Taking Over Citi Hilton Portfolio

American Express will be taking over the Hilton credit card portfolio from Citi at the start of 2018. This decision, announced this summer, marks Citi's continued retreat from the premium travel credit card business, and continues to fuel speculation about how much AMEX paid for exclusive rights to issue Hilton cards. Either way, in January 2018, all Citi Hilton cards will transition to AMEX Hilton cards. Ultimately, this isn't too big of a deal, but AMEX only offers sign-up bonuses to customers on cards they have never held before. So, if you'd like to earn a sign-up bonus on the AMEX Hilton cards early next year, you'll need to cancel your Citi Hilton cards prior to the new year.