CitiBank 10,000 point bonus at Airports

Discussion in 'CitiBank Rewards Program' started by danielh, Jul 10, 2006.

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  1. danielh

    danielh Member

    Dec 5, 2003
    352
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    Hi all,

    Has anyone had a look at the current CitiBank deal at the Melbourne Airport?

    You can sign up there for a Fee free, 12.99% interest Visa Debit card account.

    The deal is also available at places like Melbourne Central but instead of 10,000 points you get a $50 myer voucher.

    I went tothe CitiBank reps and they tried to upsell me the CitiBank standard, gold and plat varieties but I just ignored them and read up on the deal I mentioned above.

    FYI, you will still get 10,000 points if you go for a real card.

    Anyone else do more research?

    Regards
    Daniel
     

  2. bambbbam2

    bambbbam2 Active Member

    Feb 13, 2005
    857
    1
    Perth, WA
    How can a Debit card have an interest rate of 12.99% ??
     
  3. serfty

    Moderator

    Nov 16, 2004
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    FWIW, I still have and use an old Bank of Melbourne Debit visa account (now Westpac) with a $50 credit limit. It's charged at some interest rate if you use it, not really fussed as it maight be 1 or two cents per month. Tomorrow I'll check out a statement and suss it out.
     
  4. one9

    one9 Active Member

    Sep 14, 2005
    596
    8
    I have looked at the Citibank website and done a google search and I can find no information on a Citibank Visa Debit card.

    Anyone have a link?

    With a debit card, it would be unlikely that they would do a credit check (as you use your own funds), so if this is the case and there are no charges, you could sign up, get the $50 or 10,000 points and then cancel your card.

    But the 12.99% part makes the post confusing. Is it a debit card or not?
     
  5. ric_melb

    ric_melb Active Member

    Dec 16, 2005
    940
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    Melbourne
    I suspect this is the Citibank Ready Credit Card, which is essentially a personal loan account, that includes a card. Not certain whether you can place this account into credit, and therefore essentially use it as a "debit" card.
     
  6. mick

    mick Member

    Apr 12, 2005
    361
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    I think the Visa Debit card can be attached to several different Citibank account types, not just Ready Credit.

    If you want a link for info on the Citibank Visa Debit card, take a look at: http://www.citibank.com.au/visadebit but there's no info on the points offer there.
     
  7. NM

    NM
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    Aug 27, 2004
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    Yes, you can put the account into credit and use it like a debit card. I do just that when travelling overseas and use the card for cash withdrawals without paying any interest or fees.
     
  8. mick

    mick Member

    Apr 12, 2005
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    I'm not sure whether you're aware, but as of 1 September 2006, there is going to be a 2.5% foreign currency conversion charge applied to each foreign currency transaction on Ready Credit accounts. This was not charged previously.
     
  9. NM

    NM
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    Aug 27, 2004
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    Yes, I am aware of that change, and will re-evaluate how this compares with other foreign currency cash withdrawals. There always was a conversion fee/commission charged, its just that it will be increasing to 2.5% which is pretty high. I am not sure what the old rate was, but suspect it was between 1.5% and 2%. Perhaps I can go back through my old statements and work it out :rolleyes:.
     
  10. serfty

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    #10 serfty, Jul 11, 2006
    Last edited: Jul 11, 2006
    the actual text is:
    I was going to post this but I'm not sure how to relate it to the type of transaction NM is referring to.

    Perhaps I'll open a new thread..... hmmm... I did: 2.5% Foreign Currency Conversion Fee being introduced
     
  11. NM

    NM
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    Having just checked my statement, the rates used for my US$ cash withdrawals were very close to the published exchange rate of the day. So there could not have been any more than 0.5% fee/commission charged by Citibank.

    So my transactions would have cost me about $14 after the new 2.5% fee is introduced. So time to evaluate the value/benefit of keeping this account. Might be worth it just for the free cheques.
     
  12. danielh

    danielh Member

    Dec 5, 2003
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    I am just looking forward to getting 10,000 points for essentially nothing. I am not sure if CitiBank will be doing the usual credit checks but from what i can understand of the deal while rushing to my flight is that I can get the bare minimum 'card' and get the points after 2 months once I make a purchase on it.

    Anyone else manage to do more research or actually talk to those people?

    Regards
    Daniel
     
  13. one9

    one9 Active Member

    Sep 14, 2005
    596
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    Ok,

    It seems the "visa debit card" is for people who have readycredit.

    so whilst it may be a "debit card" it is only for people who already have a credit facility "ready credit" set up.

    so it is more likely the use of the card will debit your credit account.

    it just makes it more easy for readycredit account holders to access their funds at more locations because they can use their card at anywhere that takes visa.
     
  14. tanewi

    tanewi Intern

    Nov 30, 2005
    64
    0
    Pretty poor marketing by CB re the 10k points deal IMHO, sending out school kids to pester travellers rushing to planes and then bothering to set up any details in the internet.

    Saw them at Tulla today, thought to myself " wouldn't mind a piece of 10k points". Alas no further info available.

    Any one actually picked up the flyers?
     
  15. lovetravellingoz

    lovetravellingoz Senior Member

    Jul 13, 2006
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    My wife had to go to Brisbane...so I asked to havea look.

    10000 points BUT you have to pay the years membership @ $119

    so more than 1 cent per point.
     
  16. tanewi

    tanewi Intern

    Nov 30, 2005
    64
    0
    Thanks,

    You are right, more than a cent per point, however I am willing to pay 1.5c per point. We fly frequently to Jakarta, and QF is relatively expenisve (you can get to HK, for the same price) without any major (direct) competition.

    Ta
     
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