NAB acquires Citibank Australia

[kpro]

WhosCard?

I too am wondering about the annual fee, has the 'life' of the Citi card ended now that it's a MyCard?

 

[fkcn]

Just got the email re MyCard.
I wonder how long the

<i>continued access to the valuable features and benefits of your card</i>

will last?
* FFFL
* QFF points earning
* 2 Priority Pass passes per year

The cynic in me says the benefits wont last.

But the video says it’s our ‘ticket to more’! It all sounds so positive. Definitely could not mean more fees…..

 

[mokuni]

Wonder what's to happen to existing citi points. Should we move it out prior?

 

[kamchatsky]

Wonder what's to happen to existing citi points. Should we move it out prior?

It will all become My points

 

[HappyFlyerFamily]

Wonder what's to happen to existing citi points. Should we move it out prior?

It will all become My points

Maybe actually Their (NAB’s) points!!!

 

[Chicken]

Wonder what's to happen to existing citi points. Should we move it out prior?

Some frequent flyer programs have expiry dates, like SQ is a 3 year hard expiry. If you transfer now when there is no change, then you are just making your points expire earlier.

 

[kkl]

would the earn rate etc be the same ? Not much info released

 

[Chicken]

would the earn rate etc be the same ? Not much info released

NAB hasn't said that anything to do with reward programs would be changed.

 

[AIRwin]

NAB hasn't said that anything to do with reward programs would be changed.

Yet?

 

[Chicken]

Yet?

1: Have you got information on this? Or are we doing another round of fake news Citi is stopping credit card applications from Sep 14?
2: Even if NAB were to change this later on, what does one gain by transferring early? So their respective frequent flyer program would expire their miles earlier?

 

[kkl]

More info released during October according the email flyer

 

[burneracc]

I wonder if they’d refund my AF since the card is changing and I only got it a month ago - I got my bonus points so maybe it’s worth a try?

 

[ICUDr]

From “Citi Premier” to a gift card looking card.

What are the thinking

I pulled all my points out today when I got the email.

 

[albyd]

Yeah , they do look like GCs and soon will be earning not much more points either.

 

[Scarlett]

What did NAB do when they took over Coles credit cards from Citi? (removed benefits)

What did NAB do when they took over CitiPlus accounts? (removed benefits)

There is a certain precedent here… it’s just the time period before it happens. They might give ‘My Cards’ a year or two before it gets the .

 

[60spud]

I don't know why NAB ever took over the citibank card business, maybe to create a loss on their balance sheet. I know of so many people who have cancelled their cards
I cancelled my Coles card when the Int fee free finished but I still hold the Prestige card for now . Maybe I'm missing something.

 

[Ansett Nostalgic]

So when do we need to transfer out to VA/SQ by? I assume if Citi Points convert to NAB points that the NAB equivalent will be worthless?

 

[Chicken]

So when do we need to transfer out to VA/SQ by?

No such info. NAB had not said anything about changing anything to the current reward program.

I assume if Citi Points convert to NAB

Have you seen some NAB documentation saying that this is the plan?

This discussion is insane, and reminds me of Dr Karl explaining this sorts of thinking (and conspiracy theories) once (possibility should be during Triple J science hour):

'Someone walk pass the gate of a big house, and the gate was wide opened, smashed up, then see a kitty walking out. So, that person would conclude that a kitty is capable of smashing thru a vehicle metal gate.'

 

[spud60]

We might be able to take advantage of vff bonus in November which is normally the case. Hopefully no points changes as I've got over 800k sitting in citi.

 

[Chicken]

We might be able to take advantage of vff bonus in November which is normally the case. Hopefully no points changes as I've got over 800k sitting in citi.

Good to know about VA promo like this. People should be taking actions because of numbers, which gives them a benefit, not emotions.