Citibank Plus - No Fee No Overseas Transaction Fee Account

[Virgin Bart]

Is this still the best option for travelling overseas , I have an upcoming trip to USA and Uk for 3 weeks and as I only travel once a year I don't want to apply for a credit card?

Yes.

But they're slow, you may well not get it in time.

 

[Rallo]

Yes.

But they're slow, you may well not get it in time.

How slow, I would have thought just being a straight debit account and no credit check it would be straight forward?

 

[Mr_Orange]

How slow, I would have thought just being a straight debit account and no credit check it would be straight forward?

You obviously have no experience with Citibank.......

 

[serfty]

Is this still the best option for travelling overseas , I have an upcoming trip to USA and Uk for 3 weeks and as I only travel once a year I don't want to apply for a credit card?

It's Christmas / New year - I suggest you start here ASAP: APPLY NOW

 

[Rallo]

It's Christmas / New year - I suggest you start here ASAP: APPLY NOW

Thanks serfty application lodged.

 

[exceladdict]

Any advice on using this card in Indonesia (Bali - Canggu)? Was planning on using this for cashout, but haven't been to Bali in a while and can't remember if ATMs are abundant or inexistent

ATMs were abundant. Some (inside a convenience store) charge $3.50 fees. Others didn't seem to.

 

[moa999]

Can those who used cards overseas around 15-Dec or later please check statements.

Report on Whirlpool from a withdrawal from ANZ machine in Auckland that appears to have a 3℅ margin built in.
(AUD/NZD over this period was in a very narrow range around 1.04. Format is consistent with my prior Citi statements)

15/12/2016
INTERNATIONAL ATM WITHDRAWAL INTERNATIONAL TERM AK AAUCKLAND NZ DEC 15,2016 xx_xx REF:xx_xx_ ICCExx_xx_xNZD 600.00 INCL INTL TRAN FEE AUD0.00 ICCExx_xx
AUD 591.19

Eff rate AUD/NZD 1.015

AUD/NZD over the period

 

[exceladdict]

Can those who used cards overseas around 15-Dec or later please check statements.

Report on Whirlpool from a withdrawal from ANZ machine in Auckland that appears to have a 3℅ margin built in.
(AUD/NZD over this period was in a very narrow range around 1.04. Format is consistent with my prior Citi statements)



Eff rate AUD/NZD 1.015

AUD/NZD over the period

View attachment 87563

Will check later today for the actual number but one I checked this morning looked close AUD to IDR mid Dec. Did you compare to the wholesale visa rate?

 

[exceladdict]

Will check later today for the actual number but one I checked this morning looked close AUD to IDR mid Dec. Did you compare to the wholesale visa rate?

I have assessed six ATM withdrawls and they ranged from 0.3% below the wholesale rate to 0.46% above the wholesale rate for the day (according to https://www.visa.com.au/travel-with-visa/exchange-rate-calculator.html).

In one of the transactions, I was charged an ATM fee by the operator (not by citibank) and it didn't show in the transaction text but was in the transaction total. Any chance they were charged an operator fee by the ANZ ATM in NZ?

 

[Cynicor]

I have assessed six ATM withdrawls and they ranged from 0.3% below the wholesale rate to 0.46% above the wholesale rate for the day (according to https://www.visa.com.au/travel-with-visa/exchange-rate-calculator.html).

In one of the transactions, I was charged an ATM fee by the operator (not by citibank) and it didn't show in the transaction text but was in the transaction total. Any chance they were charged an operator fee by the ANZ ATM in NZ?

ANZ ATMS have charged fees in every country I have seen them, but they do warn first. Wonder if this person missed the warning. Seems infinitely more likely than Visa or Citi thinking they can subtly slip in a margin without updating their T+Cs.

 

[moa999]

Any chance they were charged an operator fee by the ANZ ATM in NZ?

Post said machine said a NZ$2 fee (but in my experience many foreign machines say that but don't actually charge for a foreign card)
But even using that Visa page you posted.

On 15Dec NZ$602 = A$580.74, which is still about 2℅ away from what was charged

 

[Purkulator]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

How does the citibank exchange rate compared to the rate offered by kvb cough lun? Apparently they provide the best rate in Melb for HKD

 

[JessicaTam]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

How does the citibank exchange rate compared to the rate offered by kvb cough lun? Apparently they provide the best rate in Melb for HKD

Whilst I am not familiar with KVB Kumlun I have found Citi forex rates to be about as good as they come.

[threads merged]

 

[Purkulator]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

And sorry I forgot to ask, still, am I able to withdraw a large lump sum at a Citibank branch in HK as the ATM limits are quite low.

 

[gregff]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

Citibank forex via their Citibank Plus Visa card in ATM's are pretty much as good as it gets. But they dont do cash transactions at branches these days. Best for cash exchanges AFAIK is United Currency at Flinders or Swanston st in Melbourne.

 

[gregff]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

I dont think KVB or United will be as good as an ATM withdrawal from citibank plus tho. The latter uses pretty much the interbank rate (Visa rate without any surcharge)

 

[RooFlyer]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

Just used the Citibank debit around Chile and Argentina and continuing very good FX rate ... BUT for cash withdrawals, the fee was always around A$6-A$9. Citibank in Chile trades as or with Banco Edwards; I didn't get to try their ATMs.

I wonder if its a local law that banks can/need to charge a fee on foreign cards?

 

[penegal]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

I dont think KVB or United will be as good as an ATM withdrawal from citibank plus tho. The latter uses pretty much the interbank rate (Visa rate without any surcharge)

Depends how much cash you need also.

 

[Cynicor]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

Depends how much cash you need also.

Very true. Any way to get citi to increase the cash limit? I've never tried but the $1k thing does stick me at times.

 

[penegal]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

Very true. Any way to get citi to increase the cash limit? I've never tried but the $1k thing does stick me at times.

Call them and ask?