Citi Signature now looking better value post AMEX devalution | Australian Frequent Flyer
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Citi Signature now looking better value post AMEX devalution

Legoman

Member
Joined
Nov 5, 2015
Messages
204
Now that AMEX have decided (starting next April) to devalue their points earn on their cards to equal the mid-tier earn rate of Citibank FFL Signature, is it fair call to now say that Citibank Signature becomes the 'go to' card again for major retailer purchases (the kind where AMEX acceptance usually isn't an issue - eg, petrol, Bunnings & Colesworth)?

I've come to this conclusion because at 0.75pt/$ direct earn rate on free 44-day AMEX cards like Qantas Disco or Velocity Escape, you're actually better off earning 0.75pt/$ non-direct earn rate on the 55-day FFL Signature instead. Quite apart from the extra 11 days interest free, you can also stockpile the points at Citibank and wait for the next 15% bonus offer to convert them through to Velocity to realise a 0.86pt/$ rate once converted.

The only difficulty with this is that you need to be sure of which retailers Citibank awards 1.5pts/$ to, when they don't explicitly publish that information and have no intention of doing so. Has anyone got a list of their own experiences/making of the kinds of retailers they know does earn 1.5pt/$ in the Citibank scheme?

I would presume the obvious big ones are:
Anything owned by the big Colesworth duopoly groups
Major brand petrol stations (not independents)
Major big name brand hotel groups (Hilton, Hyatt, Pan Pacific, Sheraton etc.)

anything else?
 

Legoman

Member
Joined
Nov 5, 2015
Messages
204
you are jumping the gun, comparing todays Citibank Earn with the Amex Earn in the future.
Wait until Citibank adjusts its transfer rates, then compare.
Yeah, fair call. A lot can change between now and next April.

Surely all the banks will be following westpacs lead.
I don't bank with Westpac. What have they done recently?
 

Legoman

Member
Joined
Nov 5, 2015
Messages
204
dropped the transfer rates to FF so earn is now 0.33 ppd for platinum and 0.4 for black, thats for KF or VFF
Wow! Holy cow, that's really scraping the bottom of the barrel of uselessness. If that's the kind of devaluation we're looking forward to, then so-called "rewards" cards will be pretty much dead for all but those using them for business expenditure.
 

burmans

Senior Member
Joined
Feb 21, 2006
Messages
6,559
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My Map
Wow! Holy cow, that's really scraping the bottom of the barrel of uselessness. If that's the kind of devaluation we're looking forward to, then so-called "rewards" cards will be pretty much dead for all but those using them for business expenditure.
Or those more interested in churning !
 

Sharp75

Intern
Joined
Jan 10, 2011
Messages
88
Now that AMEX have decided (starting next April) to devalue their points earn on their cards to equal the mid-tier earn rate of Citibank FFL Signature, is it fair call to now say that Citibank Signature becomes the 'go to' card again for major retailer purchases (the kind where AMEX acceptance usually isn't an issue - eg, petrol, Bunnings & Colesworth)?

I've come to this conclusion because at 0.75pt/$ direct earn rate on free 44-day AMEX cards like Qantas Disco or Velocity Escape, you're actually better off earning 0.75pt/$ non-direct earn rate on the 55-day FFL Signature instead. Quite apart from the extra 11 days interest free, you can also stockpile the points at Citibank and wait for the next 15% bonus offer to convert them through to Velocity to realise a 0.86pt/$ rate once converted.

The only difficulty with this is that you need to be sure of which retailers Citibank awards 1.5pts/$ to, when they don't explicitly publish that information and have no intention of doing so. Has anyone got a list of their own experiences/making of the kinds of retailers they know does earn 1.5pt/$ in the Citibank scheme?

I would presume the obvious big ones are:
Anything owned by the big Colesworth duopoly groups
Major brand petrol stations (not independents)
Major big name brand hotel groups (Hilton, Hyatt, Pan Pacific, Sheraton etc.)

anything else?
You get 2pt/$ from Signature linked Diners from big retailers. So don't use Signature at Coles Wollies etc., use Diners instead.
 

DeKa

Established Member
Joined
Oct 26, 2008
Messages
2,287
Qantas
Gold
Virgin
Red
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My Map
Just got my first offer from Citi in ages.

Spend $1500 in Feb 2019 and get $100 gift card for Myer, JB or Woolworths.

Maybe things are looking up.
 

I love to travel

Active Member
Joined
Jun 4, 2016
Messages
993
Qantas
Platinum
Do citi ever have tranfer bonus eg instead of 2.5 citi points equals 1 KF point it becomes 2 citi points for 1 KF point?
 

tlam

Member
Joined
Apr 19, 2016
Messages
101
Just got my first offer from Citi in ages.

Spend $1500 in Feb 2019 and get $100 gift card for Myer, JB or Woolworths.

Maybe things are looking up.
How did you get the offer? Did they email you?
 

tinkybelle

Active Member
Joined
Aug 5, 2004
Messages
798
Qantas
Platinum
i got spend 1500 get $100 3 mths running but the second one said already redeemed so fighting with them now
 

theblank

Established Member
Joined
Aug 3, 2014
Messages
1,270
On review of my points earn on this card for 2019, I picked up 1.77 citi points per dollar on average. This would probably be due to using the Diners at Supermarkest and Petrol. OTOH my spend total was only 20k, as I do have other cards that I used from time to time (signup bonus chasing)

Thats 0.88 VFF ppd.

But I am sure all those persons who cancelled this card over spite a year or so ago, are finding another way to earn more points without an Annual fee.
 

daft009

Established Member
Joined
Feb 21, 2014
Messages
1,433
Qantas
Bronze
Virgin
Red
Flights
My Map
On review of my points earn on this card for 2019, I picked up 1.77 citi points per dollar on average. This would probably be due to using the Diners at Supermarkest and Petrol. OTOH my spend total was only 20k, as I do have other cards that I used from time to time (signup bonus chasing)

Thats 0.88 VFF ppd.

But I am sure all those persons who cancelled this card over spite a year or so ago, are finding another way to earn more points without an Annual fee.
ANZ travel adventures?
Free domestic flight to offset the AF.
Full point earn till $2k/ month
0.75VFF/$ then ANZ offers 50% bonus VFF transfers once a year

It's what I changed to from the signature and a smaller minimum credit limit. Though no PP
 

Pegasus

Intern
Joined
Oct 31, 2015
Messages
52
Well I have just received my 100k bonus points for this card, so I guess it’s time to throw it out & get another. ( jeez Citi have some weird processes and terminology)
 

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