Status of Cashback on Citibank Debit

Status
Not open for further replies.

andye

Established Member
Joined
Jan 14, 2013
Messages
4,223
Solutions
3
Points
700
Virgin
Platinum
I've just received by Citibank Debit Card and was just about to transfer over $2k so that I could take advantage of the 3 month 5% Cashback offer when I looked at the T&Cs (I hadn't bothered with them much as I had only applied for the card for the overseas ATM benefit).

What was not immediately clear on the headline page was:
Only for Paywave transactions under $100
Max $500 cashback

Both not completely unreasonable and I wasn't expecting to be able to get 5% Cashback from Canberra (although the council rates would have been nice) but buried in the T&Cs it says that any cashback should be declared as taxable income to the ATO. That is a significant drawback especially as it is stated explicitly albeit in very small print.
 
AMX001595_Travel-Insider_1100x260

Beta4Me

Established Member
Joined
Nov 10, 2012
Messages
1,098
Points
395
but buried in the T&Cs it says that any cashback should be declared as taxable income to the ATO. That is a significant drawback especially as it is stated explicitly albeit in very small print.
Just don't tell them?
 
Status
Not open for further replies.
Top