Citi Credit Cards with ThankYou Points
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Citi Credit Cards with ThankYou Points
Posted: Sun Aug 06, 2006 9:26 am
Quote:
I do have four Citi cards but I don't use any of them for everyday purchases due to the points adding up issue.
What issue? Citi cards now give you ThankYou points. You can consolidate all those ThankYou points automatically online by simply adding each card to your ThankYou membership ID.
I actually have two Citibank debit cards (West Coast and East Coast--Citi can't combine the two accounts) and get 800 points a month from one and 600 points per month from the other...paying me about $150 per year just to have the accounts...all of which have no fees...
As for my feelings about it, I look at it very simply. I'm not lying to anyone. I'm not doing anything dishonest. I'm not filing any false applications. I'm offered a deal with a premium for signing up--a deal that states I can cancel without penalty at any time. So I sign up, get the deal premium, and call to cancel. At that point, usually I'm offered another deal to stay with the program, so I accept the new deal. Sometimes I'm just cancelled. Then I wait for another deal and sign up again. I don't have any moral qualms about doing this, because I'm just accepting an offer made to me. If it isn't in the best interests of the banks to make such offers to me, they'll stop. It's up to them.
It's no secret that the banks make outrageous profits from these programs despite all the premium offers. These Credit Protection services typically charge you 85 cents for every $100 on your statement balance each and every month. That's over 10% per year in fees for some "insurance" that has a lot of conditions and limitations to collect on anyway. That's horrendous!
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Sun Aug 06, 2006 9:45 am
Board Monitor wrote:
What exactly are you currently getting on your Wal-Mart purchases?
Curtis, I get 5% on all my Walmart purchases. It's a Superwalmart so I also buy my groceries from there.
Polonius, I think I just might consider cashing all those payment protection checks. That's a ton of money!
RE: Points adding up. As I mentioned, I do most of my grocery shopping at Walmart as well, so the only 5% purchases I would have left to make would be gas, which I spend less than $100 per month. So it's a question of when all of any points I get to accumulate using my Citicards would add up to a collectible amount. At 1% rewards mostly, it'll probably take a much longer length of time to add up.
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Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sun Aug 06, 2006 1:09 pm
another thing you could do is simply call up to get a retention offer from citi on one of the cards. Should be able to get 2-5% on your regular 1% purchases...probably only for 3 months but you could just cycle it....
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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Mon Aug 07, 2006 1:08 pm
Quote:
Curtis, I get 5% on all my Walmart purchases. It's a Superwalmart so I also buy my groceries from there.
Which Chase Card do you have and how long have you been getting it? Very nice.
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
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SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Citi Credit Cards with ThankYou Points
Posted: Sun Aug 06, 2006 9:26 am
Quote:
I do have four Citi cards but I don't use any of them for everyday purchases due to the points adding up issue.
What issue? Citi cards now give you ThankYou points. You can consolidate all those ThankYou points automatically online by simply adding each card to your ThankYou membership ID.
I actually have two Citibank debit cards (West Coast and East Coast--Citi can't combine the two accounts) and get 800 points a month from one and 600 points per month from the other...paying me about $150 per year just to have the accounts...all of which have no fees...
As for my feelings about it, I look at it very simply. I'm not lying to anyone. I'm not doing anything dishonest. I'm not filing any false applications. I'm offered a deal with a premium for signing up--a deal that states I can cancel without penalty at any time. So I sign up, get the deal premium, and call to cancel. At that point, usually I'm offered another deal to stay with the program, so I accept the new deal. Sometimes I'm just cancelled. Then I wait for another deal and sign up again. I don't have any moral qualms about doing this, because I'm just accepting an offer made to me. If it isn't in the best interests of the banks to make such offers to me, they'll stop. It's up to them.
It's no secret that the banks make outrageous profits from these programs despite all the premium offers. These Credit Protection services typically charge you 85 cents for every $100 on your statement balance each and every month. That's over 10% per year in fees for some "insurance" that has a lot of conditions and limitations to collect on anyway. That's horrendous!
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Sun Aug 06, 2006 9:45 am
Board Monitor wrote:
What exactly are you currently getting on your Wal-Mart purchases?
Curtis, I get 5% on all my Walmart purchases. It's a Superwalmart so I also buy my groceries from there.
Polonius, I think I just might consider cashing all those payment protection checks. That's a ton of money!
RE: Points adding up. As I mentioned, I do most of my grocery shopping at Walmart as well, so the only 5% purchases I would have left to make would be gas, which I spend less than $100 per month. So it's a question of when all of any points I get to accumulate using my Citicards would add up to a collectible amount. At 1% rewards mostly, it'll probably take a much longer length of time to add up.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sun Aug 06, 2006 1:09 pm
another thing you could do is simply call up to get a retention offer from citi on one of the cards. Should be able to get 2-5% on your regular 1% purchases...probably only for 3 months but you could just cycle it....
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Mon Aug 07, 2006 1:08 pm
Quote:
Curtis, I get 5% on all my Walmart purchases. It's a Superwalmart so I also buy my groceries from there.
Which Chase Card do you have and how long have you been getting it? Very nice.
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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