Citibank Debit Card is Great.

Status
Not open for further replies.
Happy Dude said:
Then there is a 'spread' applied to the Citi global currency account which makes it the most useless product of all time.

So it would simply be a comparison between the rates of Visa and MC. And today MC would win:

View attachment 199860

I'll be taking both cards nonetheless and avoiding using ING for purchases and hoping that Citi is as widely accepted as the ING appears to be.
Click to expand...

Yep not sure why anyone would use it. Though it does let you lock in rates today.

Correct - It is just Visa vs. MC rates with no additional spread added. Wherever Mastercard is accepted, the Citi card will be accepted. Can just push 'credit' on purchases.
 
Happy Dude said:
I'll be taking both cards nonetheless and avoiding using ING for purchases and hoping that Citi is as widely accepted as the ING appears to be.
Click to expand...
ING also rebate the 2.5% fee on purchases when you meet the $1000 deposit & 5 card transactions condition.
 
Happy Dude said:
Then there is a 'spread' applied to the Citi global currency account which makes it the most useless product of all time.
Click to expand...
thats so misguided. This Global Currency account has the lowest 'spread' of its kind in the market, and you can recieve inwards payments in the foreign currencies. There are plenty of people that prefer to exhcange their money in advance and would find the other features very useful.
HSBC account is second, and then daylight until you get to the abhorrent rates of the Prepaid Travel cards.

there is no comparison to "no international fee debit cards" like ING and Citibank plus, these are different products for a different purpose.
 
theblank said:
thats so misguided. This Global Currency account has the lowest 'spread' of its kind in the market, and you can recieve inwards payments in the foreign currencies. There are plenty of people that prefer to exhcange their money in advance and would find the other features very useful.
HSBC account is second, and then daylight until you get to the abhorrent rates of the Prepaid Travel cards.

there is no comparison to "no international fee debit cards" like ING and Citibank plus, these are different products for a different purpose.
Click to expand...
Not for me it's not misguided. Apologies for not including every single possible user and their needs in my response. You and others who see use it are welcome to pay more for money or hope for speculative currency movements.
 
Anyone have experience depositing cheques into this card?
I deposited a cheque on the 10th at a post office - still hasn't cleared 8 days later? It shows in the transactions correctly - they just haven't released the money yet

(I don't get many cheques... )
 
Sponsored Post

Struggling to use your Frequent Flyer Points?

Frequent Flyer Concierge takes the hard work out of finding award availability and redeeming your frequent flyer or credit card points for flights.

Using their expert knowledge and specialised tools, the Frequent Flyer Concierge team at Frequent Flyer Concierge will help you book a great trip that maximises the value for your points.

theblank said:
I have never checked because there is no point in doing so. there is no way for you to know the exact time of day to check XE.com or any other exchange rate website.

If you dont trust your banks converted amount, go to the Visa or MC website and check the rate.
Click to expand...

The exact time to check the XE.com rate is when I need cash to pay for sandwiches and tasty morsels to feed myself at the Tokyo 7/11, when I don't have Japanese cash in my wallet.

If Visa or Mastercard set their daily Yen/AUD exchange rate say seven or eight hours earlier - that is irelevant to me as I was not having lunch then, nor was I having to withdraw cash then.

All I want to know is how good a deal I got at the time of the transaction at the 7/11 ATM, and gloat that others are getting such a lousy deal at the hotel's ATM because they do not have access to the great Citibank card (assuming it hasn't been deactivated).
Regards,
Renato
 
Just want to confirm that the Citi debit in America..... You maybe charged on screen a withdrawal fee from an atm but it STILL will be credited back in statement?
 
PLANT said:
Just want to confirm that the Citi debit in America..... You maybe charged on screen a withdrawal fee from an atm but it STILL will be credited back in statement?
Click to expand...

No Citibank does not credit back foreign atm fees, they just dont charge any themselves.

When in USA best to use your card to make purchases directly (no fees) in shops/resturants, or use at an ATM which does not impose fees i.e. at a citibank branch atm (these are plentiful in NYC) or a citobank branded atm in a Duane Reade or Walgrens (and possibly many other convenience stores).

If the atm wants to charge you a fee, cancel the transaction and try a different ATM, or accept the fee. Shouldnt need much cash int he USA, pretty much everywhere will accept mastercard, so just pay by your card.
 
This might be slightly off topic - but for cash deposits onto this Card - its NAB right? (And AusPost).

I have a mountain of silver coin I want to get rid of so thinking a bank might be better...
 
I just seeking update because in Hawaii the ATM screen charged a fee but not on CITI statement or it was reimbursed when I checked back home.
I checked multiple ATM'S as no Citi in Hawaii town I was in at the time.
 
PLANT said:
Just want to confirm that the Citi debit in America..... You maybe charged on screen a withdrawal fee from an atm but it STILL will be credited back in statement?
Click to expand...

At every ATM I used in the US a fee was shown, but none was charged. No charge back on statement...just nothing at all.
 
Walter_Plinge said:
At every ATM I used in the US a fee was shown, but none was charged. No charge back on statement...just nothing at all.
Click to expand...

Usually it gets incorporated in to the withdrawal amount. I.e. if you asked for $200 it will show up as $202.50 on your statement, or at minimum the rate of conversion reflects the fee included I think.
 
Status
Not open for further replies.

Enhance your AFF viewing experience!!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..

Recent Posts

Staff online

Currently Active Users

... and 9 more.
Total: 584 (members: 59, guests: 525)
Back
Top