Balance Transfers

Discussion in 'CitiBank Rewards Program' started by Guest, Feb 14, 2005.

  1. Guest

    Guest Guest

    Hi all,

    Has anyone recently received an 'additional' parcel of Bonus Reward Points (BRP) from CitiBank (CB) recently?

    I balance transferred $20,000. a few months ago, and got my 20,000 BTP, but now, I've just received another 40,000 BRP....

    A pleasant surprize indeed!!!

    I've transferred them over to QFF quicksmart, but they haven't ACTUALLY arrived in my QFF account as yet...

    Well....
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    regards,
     
  2. Guest

    Guest Guest

    Thats odd. Dont need to be signed in to post.
     
  3. johnsmith

    johnsmith Member

    Dec 5, 2004
    100
    0
    Did you close the credit card account because they pay double points if you do.
     
  4. danielh

    danielh Member

    Dec 5, 2003
    352
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    I'd just be quiet about it until you get the points into your QFF account.

    You never know who lurks on this forum. :)

    Regards
    Daniel
     
  5. Kiwi Flyer

    Kiwi Flyer Senior Member

    Sep 24, 2004
    5,453
    5
    I'm pretty sure thats why the OP posted without being logged in.
     
  6. danielh

    danielh Member

    Dec 5, 2003
    352
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    You are Correct. I only saw the 'johhsmith' one. :)

    Regards
    Daniel
     
  7. Rick93

    Rick93 Established Member

    Nov 10, 2002
    1,111
    80
    "I can not tell a lie".... it was me!!!

    I can't account for the 'guest' coming up... because I did actually log in???

    Anyway, I did get all those points into my QFF account.

    60,000 points for transferring $20,000. over, and no, I didn't close the other account!!!

    Can they take them back??? (once they're in a QFF account)

    regards,
     
  8. evangelionpunk

    evangelionpunk Junior Member

    Feb 24, 2005
    43
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    Well well well.

    Whats this about transfering balances and getting double points?

    I applied for a Gold Citibank Visa today 1/3/05 and they told me balance transfers dont even accrue any points at all and yet you guys are saying yes it does? HOW? (funny american indian accent hehehehe)
     
  9. bravoecho1

    bravoecho1 Member

    Sep 10, 2004
    221
    1
    OOL
    Up until the end of last year (I think?) they were offering 1 point per dollar transferred and an additional point if you close the account

    e.g. if you transfer $20,000 and close the account where it was coming from you received 20,000 points for the transfer and 20,000 points for closing the account
     
  10. johnsmith

    johnsmith Member

    Dec 5, 2004
    100
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    So what the verdict, do they offer points on balance transfers or not, I have just called them 2 minutes ago and they say yes they do and it takes 6 weeks until they appear on your acount. I have not received any letter advising me of changes to the terms and conditions for this card so they can't change anything until they have informed everyone. Citibank is not able to take the points back from Qantas however if they find out, it will show up on your rewards statement as a minus 60000 balance this is not a problem if you don't ever use the card again but if you do then any future rewards points you earn will be reduce the debit balance.
     
  11. evangelionpunk

    evangelionpunk Junior Member

    Feb 24, 2005
    43
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    How can they make u close the account?

    How can they check?


    They cant do that **** could they?

    All they need u to do is just balance transfer and u get the points right?




    Oh watched the 4 corners show and they were showing the scams CITIBANK had carried out atleast in the USA where if u missed a single Payment did could scrap the agreed interest rate and charge you ridiculous figures of 30% etc. Any one heard of Citibank pulling **** like that here in OZ? Could they even do that legally in OZ??



    Also are the amount of points you could earn capped on the credit cards? If so what are the caps because i dont see it on their website?
     
  12. bravoecho1

    bravoecho1 Member

    Sep 10, 2004
    221
    1
    OOL
    From my experience, I told them that I closed the account, but I didn't (haven't gotten around to it), but I still received the bonus for "closing" the account.

    I don't think they can do it themselves, but I could be proven wrong.

    With regards to points capping, from memory there is but the limits are high eg. I think for plat cards it is 100k points and gold is 60k pa, but i'm sure someone with the official answer will either confirm or deny my stats
     
  13. Rick93

    Rick93 Established Member

    Nov 10, 2002
    1,111
    80
    Personally, I have no 'ethical' problem with 'milking' CB for all the points I can get!!!

    They charge us over 18%pa interest... they hit us for fees and charges etc. etc. etc.

    I had a Plat. card with them. Got untold thousands of points in balance transfers, including telling them I've closed the 'other' bank's credit card..... and took the double points!

    When I finally closed my Plat card with them, I waited for a month, then rang them up, and asked for a Gold card with 6.9%pa promo interest for nine months. Plus, I wanted 2:1 points on a balance transfer, as I told them I'd close my 'other' card with 'XYZ' bank.

    THEY GAVE IT TO ME!!!

    So, I think it depends on who you are talking to, and what type of deal you can strike up for yourself....

    regards,
     
  14. Guest

    Guest Guest


    hahahahaha brilliant move Gordon... you make me proud ;)
     
  15. evangelionpunk

    evangelionpunk Junior Member

    Feb 24, 2005
    43
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    Hmmm. I be doing this now to since ive been officially approved but my limits only 60k :D
     
  16. Guest

    Guest Guest

    *only*
     
  17. evangelionpunk

    evangelionpunk Junior Member

    Feb 24, 2005
    43
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    yes ahem only :lol:
     
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