Credit Tips: CitiBank Balance Transfer Offer

Posted On: March 1, 2005

Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:51 pm
Post subject: Citibank Balance Transfer Offer!

Sue
Date: 4/11/2000 2:49 pm CDT

Platinum Select Mastercard. 1.9% rate on balance transfers over $3500 (2.9%
under 3500) Rate good til January 2001. They give a current rate of 12.40%
after intro offer expires. No annual fee.

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:51 pm

Board Monitor
Date: 4/11/2000 3:06 pm CDT

Sue,

Thanks for the tip! I verfied this offer by visiting Citbank’s website, but did not notice a restriction on the amount of the transfer…it appears that it is a 1.9% “across the board” rate on transfers for a 9 month period. Great deal! We have added this offer to our “Balance Transfer” page…

Regards,
Jackie Hughes
Board Monitor
CardRatings.org

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Credit Tips: CitiBank Balance Transfer Offer

Posted On:

Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:32 pm
Post subject: 1.9% til Dec.? Hmm…

Eugene Skorodinsky
Date: 4/21/2000 7:38 am CDT

Hi everybody.
I just got a call from Citibank, they proposed to write me a check, or transfer balances in any amount up to my available credit. Terms - 1.9% until December, and no other fees.
What is wrong with them? I earn 6%+ on another bank’s MMA - they obviousely lose and I obviousely win . Or do I?
I am rather new to credit. Where’s the catch? Or is it just another generous bank? (LOL)

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:32 pm

Board Monitor
Date: 4/24/2000 10:53 am CDT

Thanks so much for your recent post! This offer sounds attractive and you should consider taking advantage of it. However, there are offers that you may find more appealing that are featured on our “Balance Transfers” page. So, you might want to “check these offers out” before making a decision. Our balance transfers page can be found at…

http://www.cardratings.org/transfers.html

Hope this helps!

Regards,
Jackie Hughes
Board Monitor
CardRatings.org

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:33 pm

Eugene Skorodinsky
Date: 4/25/2000 0:38 am CDT

Eugene Skorodinsky wrote:
> …
> Terms - 1.9% until December, and no other fees.
> Where’s the catch?

Now I know. There is a balance of about $450 (just everyday purchases that I was gonna pay off at the end of the cycle). The APR for purchases on my card is 13.4%. So, if I decide to pay less than the full amount due every month, on top of 1.9% on the amount of that check to me, 13.4% will be ticking on balance of purchases. Besides, my monthly payments will go towards _lower_ APR first and that makes the total picture not as bright as I thought. If I had time to pay off those $450 BEFORE the check to me gets processed, AND if I do not add any purchases to that card before paying the full balance off in December, there will truly be no other charges except those 1.9%.

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Credit Tips: CitiBank Balance Transfer Offer

Posted On:

Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 1:21 am
Post subject: Citibank’s phone number for transfer offer

Jim Sutherland
Date: 7/13/2000 9:18 pm CDT

excellent information!
i can’t seem to find the phone number for citibank so that i can apply “by
phone” for their 1.9% intro. rate. can u help me? thank you very much!

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 1:22 am

Board Monitor - CA
Date: 7/13/2000 9:22 pm CDT

Jim,

Thanks for your comments! Try this number…

1-800-950-5114

It’s Citibank’s main credit card number and is available 24/7.

Regards,
Curtis Arnold
Founder/PR Director
CardRatings.org

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Credit Tips: CitiBank Balance Transfer Offer

Posted On:

Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:32 pm
Post subject: 1.9% til Dec.? Hmm…

Eugene Skorodinsky
Date: 4/21/2000 7:38 am CDT

Hi everybody.
I just got a call from Citibank, they proposed to write me a check, or transfer balances in any amount up to my available credit. Terms - 1.9% until December, and no other fees.
What is wrong with them? I earn 6%+ on another bank’s MMA - they obviousely lose and I obviousely win . Or do I?
I am rather new to credit. Where’s the catch? Or is it just another generous bank? (LOL)

View our latest credit card ratings!

Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:32 pm

Board Monitor
Date: 4/24/2000 10:53 am CDT

Thanks so much for your recent post! This offer sounds attractive and you should consider taking advantage of it. However, there are offers that you may find more appealing that are featured on our “Balance Transfers” page. So, you might want to “check these offers out” before making a decision. Our balance transfers page can be found at…

http://www.cardratings.org/transfers.html

Hope this helps!

Regards,
Jackie Hughes
Board Monitor
CardRatings.org

View our latest credit card ratings!

Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Thu Jan 13, 2005 4:33 pm

Eugene Skorodinsky
Date: 4/25/2000 0:38 am CDT

Eugene Skorodinsky wrote:

> …
> Terms - 1.9% until December, and no other fees.
> Where’s the catch?

Now I know. There is a balance of about $450 (just everyday purchases that I was gonna pay off at the end of the cycle). The APR for purchases on my card is 13.4%. So, if I decide to pay less than the full amount due every month, on top of 1.9% on the amount of that check to me, 13.4% will be ticking on balance of purchases. Besides, my monthly payments will go towards _lower_ APR first and that makes the total picture not as bright as I thought. If I had time to pay off those $450 BEFORE the check to me gets processed, AND if I do not add any purchases to that card before paying the full balance off in December, there will truly be no other charges except those 1.9%.

View our latest credit card ratings!