NAB acquires Citibank Australia

[fkcn]

Good to know about VA promo like this. People should be taking actions because of numbers, which gives them a benefit, not emotions.

Citi also has an excellent, possibly best in Aus, transfer value for KF. So hoping that persists, given AMEX seems intent on losing customers with progressive devaluations.

 

[Chicken]

Citi also has an excellent, possibly best in Aus, transfer value for KF.

On SQ, Citi is just after AmEx, and about on par with dragon bank, so I will be keeping my Citi credit card as long as it's no annual fee. SQ also has hard expiry, so it is really stupid to cancel Citi NAB MyCard just because of irrational and illogical fear. There is no change, so keep doing what's financial best at the moment. When NAB do want to change, one could then make a new assessment of the situation. NAB can't just change things overnight, they have to give advance notice, so take action when that happens.

 

[asterix]

On SQ, Citi is just after AmEx, and about on par with dragon bank, so I will be keeping my Citi credit card as long as it's no annual fee. SQ also has hard expiry, so it is really stupid to cancel Citi NAB MyCard just because of irrational and illogical fear. There is no change, so keep doing what's financial best at the moment. When NAB do want to change, one could then make a new assessment of the situation. NAB can't just change things overnight, they have to give advance notice, so take action when that happens.

I get 0.8 KF per dollar with my Citi Premier and 0.75 KF per dollar with my Platinum Charge.

 

[Chicken]

I get 0.8 KF per dollar with my Citi Premier and 0.75 KF per dollar with my Platinum Charge.

That's interesting.

My Citi Premier is
internet 0.8
others 0.4
govt 0

My AmEx is $1 = 2.25 AmEx point = 0.75 SQ mile

So AmEx earn a lot more than Citi

 

[fkcn]

That's interesting.

My Citi Premier is
internet 0.8
others 0.4
govt 0

My AmEx is $1 = 2.25 AmEx point = 0.75 SQ mile

So AmEx earn a lot more than Citi

I never spend my Citi in person, just online given double earn rate as above.

 

[asterix]

I never spend my Citi in person, just online given double earn rate as above.

Same, I only use my Citi card for online purchases.

 

[Flashback]

Ah, such fun, I've always held the card as a way to get some money from Aus if needed - there's been a few times it's helped out.

I suspect I may be a fish out of water trying to get a new AU account setup with MacBank though given I'm not resident there, not tax resident, don't have myID (myGov) etc. ?

I did previously have an ING account, but they closed that years ago due to non use (as my Citibank (now NAB) was the one actively used).

So, MacBank is a non starter as it asks if you're AU resident during the account creation. Do I lie and say yes, using my folks address, or am I a fish out of water?

Any other options that will accept someone with an Aussie address, but not resident? Wise, Revolut etc. isn't as cost effective (i.e., free) for moving money from AU to UK for me. Ironically, my ING account that I had eventually closed down completely by them as I hadn't used it. Hindsight and all that ........

Options I see are ING and Bank West, but it depends on whether they require you to be resident or not, plus the associated ID requirements of which I'd only have an AU passport.

 

[Chicken]

So, MacBank is a non starter as it asks if you're AU resident during the account creation. Do I lie and say yes, using my folks address, or am I a fish out of water?

Options I see are ING and Bank West, but it depends on whether they require you to be resident or not, plus the associated ID requirements of which I'd only have an AU passport.

I mean, you fly to Australia a lot, and check your mail at your parents', right? And you also have a TFN too, right?

If I were in your shoes, I would say I'm a resident

I personally use Suncorp, they are also fee free of everything including forex, so here is another option. I use them because of historical relationships.

 

[Flashback]

I mean, you fly to Australia a lot, and check your mail at your parents', right? And you also have a TFN too, right?

If I were in your shoes, I would say I'm a resident

I personally use Suncorp, they are also fee free of everything including forex, so here is another option. I use them because of historical relationships.

I do have a TFN etc. Will have a look at Suncorp as well, thanks!

The issue more so becomes whether an AU passport will be enough ID to open/verify the account.