Friday, October 20, 2006

CitiBank Credit Card vs. Chase Bank Credit Card

Guest: ajulius
Credit Expert (100+ Posts)
Post subject: CitiBank Credit Card vs. Chase Bank Credit Card
Posted: Sun Oct 15, 2006 4:30 pm

spjoink wrote:
hey , i have 2 citicards with $20k and $ 30 k in cl ....they always give me cl increases and you cant beat their no fee 0% offers for 12 months ...great custommer service too...on the other hand i havent had a very good experience with Chase so far....take note...so far!!! I got a 20k cl , but no really great offers .....so far...the irony is that my personal bank wells fargo has the worst credit card service so far ....just terrible....but who cares...i just dont use the card until they wake up ....

My best CC provider IS Chase. They have been literally amazing to me and have stood by all their offerings. For superprime Chase has been supreme with the best offers. Never had any issues whatsoever.

MBNA back in the old days before BoA took it over was excellent as well, but since then has gone downhill fast.

American Express always has been and is still good.

In the future I will see how the marketplace changes. I have a strong feeling HSBC will be quite competitive and could be the next company I deal with but I don't know yet.

Washington Mutual's offerings tend to be dismal as best and it still is run like Providian.

Have in the past received offers from Citizen bank HOWEVER because of its affiliations with the Royal Bank Of Scotland, I absolutely refuse to use them because of things I will not disclose on here.

So as to what happens we shall see. Card companies are like russian roulette, as the deals change all the time.

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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sun Oct 15, 2006 5:21 pm

Amex is good to me to so far
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Guest: cled
Posted: Mon Oct 16, 2006 12:05 am

been so pleased with citibank...

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Improved Credit Score Reason for Credit Card Credit Line Increases?

Guest: spjoink
Credit Expert (100+ Posts)
Post subject: Improved Credit Score Reason for Credit Card Credit Line Increases?
Posted: Sun Oct 15, 2006 1:56 am

it could be...you might have a totally different situation than me, my score went from 533 two years ago to 779 today....
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sun Oct 15, 2006 2:00 am

how many credit cards you have and what are all of your limits oh and how long is your history?
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Guest: ajulius
Credit Expert (100+ Posts)
Posted: Sun Oct 15, 2006 4:12 pm

dolmar wrote:
Dont you know Ajulius has something against Citibank/BOA. Loves to make flase statements about both.

For Example "Citibank has been cutting back on rewards programs on CC's and at the bank they cut back on the thank you points as well."

Citibank did lower the cash back bonus on Citi Dividend Platinum Select card from 5% at EDS to 2% but this card never offered Thank you points it was a cash back only card.

As Far as the bank side you still earning same points for banking with Citibank that you have earned over the last 2 years they did not scale back or change points earned amount.

Chase and Citibank both over the last 6 months changed both of there rewards programs now require more points for redeming a $50 GC worth From 5k to 6K points but left the $100 GC point value at 10K points and every other reward was unchanged. So I have a felling they felt they wanted to reduce thier cost for the rewards program by making people use thier points to redem for larger amount items instead of redeming more often for smaller denomination items.

MBNA and BOA changed thier rewards program form a tier redemtion level to a straight 1% cash back from a max of 2% and World points program has the same redemtions values as both Chase/Citi program where redeming $50 GC cost more than penny a point but for $100+ GC you can redem them at a penny a point.

So Citi just changed thier Thank You program to have the same redemtion value that both MBNA and Chase implemented first.

This person STALKS me on the forums and is very unstable. He stalked me on FatWallet and is now stalking me here. Very agressive behavior and has severe psychological issues. I am not a psychiatrist/psychologist, but I can tell this person can be very dangerous to say the least and is not an individual one would want to meet in person. This individual has nothing better to do than to somehow find comments I made and instantly appear meaning hes by the computer 24/7 just waiting for my comments on the internet.

With that being said, the comments about Citibank are my own comments and represent my own opinions and nothing was ever misled. 2 different people can of course have 2 different opinions.

As for lying about Citibank, requiring more points for the same reward is indeed the same thing as cutting back on points. Its a different wording for the same thing which has happened.

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How long does it take to get a credit line increase on a CitiBank credit card?

Guest: spjoink
Credit Expert (100+ Posts)
Post subject: How long does it take to get a credit line increase on a CitiBank credit card?
Posted: Sun Oct 15, 2006 1:02 am

3, 5,6,7,8,9, so far i startet at $7500, now at almost $50 000 combined
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sun Oct 15, 2006 1:48 am

thanks for the info
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sun Oct 15, 2006 1:49 am

so its between 3 and nine months
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Lower Cash Back Bonus on Citi Dividend Platinum Select Credit Card

Guest: dolmar
Post subject: Lower Cash Back Bonus on Citi Dividend Platinum Select Credit Card
Posted: Sat Oct 14, 2006 7:37 pm

Dont you know Ajulius has something against Citibank/BOA. Loves to make flase statements about both.

For Example "Citibank has been cutting back on rewards programs on CC's and at the bank they cut back on the thank you points as well."

Citibank did lower the cash back bonus on Citi Dividend Platinum Select card from 5% at EDS to 2% but this card never offered Thank you points it was a cash back only card.

As Far as the bank side you still earning same points for banking with Citibank that you have earned over the last 2 years they did not scale back or change points earned amount.

Chase and Citibank both over the last 6 months changed both of there rewards programs now require more points for redeming a $50 GC worth From 5k to 6K points but left the $100 GC point value at 10K points and every other reward was unchanged. So I have a felling they felt they wanted to reduce thier cost for the rewards program by making people use thier points to redem for larger amount items instead of redeming more often for smaller denomination items.

MBNA and BOA changed thier rewards program form a tier redemtion level to a straight 1% cash back from a max of 2% and World points program has the same redemtions values as both Chase/Citi program where redeming $50 GC cost more than penny a point but for $100+ GC you can redem them at a penny a point.

So Citi just changed thier Thank You program to have the same redemtion value that both MBNA and Chase implemented first.

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Guest: spjoink
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 10:14 pm

hey , i have 2 citicards with $20k and $ 30 k in cl ....they always give me cl increases and you cant beat their no fee 0% offers for 12 months ...great custommer service too...on the other hand i havent had a very good experience with Chase so far....take note...so far!!! I got a 20k cl , but no really great offers .....so far...the irony is that my personal bank wells fargo has the worst credit card service so far ....just terrible....but who cares...i just dont use the card until they wake up ....
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 10:35 pm

how long does it take to get an increase
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Positive Experience with my CitiBank Credit Card Account

Guest: LustfortheMoment
Post subject: Positive Experience with my CitiBank Credit Card Account
Posted: Sat Oct 14, 2006 3:34 pm

I've only had positive interaction with Citibank with my use over the last two years of a couple of Dividend Select cards. My credit limits were more than ample throughout. I am disappointed in their scaling back of their program for everyday purchases from 5% to 2% rebate; I'll be using a HSBC card in their place but will still keep one of my Citibank cards to use their excellent virtual account program.

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Guest: ajulius
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 4:05 pm

LustfortheMoment wrote:
I've only had positive interaction with Citibank with my use over the last two years of a couple of Dividend Select cards. My credit limits were more than ample throughout. I am disappointed in their scaling back of their program for everyday purchases from 5% to 2% rebate; I'll be using a HSBC card in their place but will still keep one of my Citibank cards to use their excellent virtual account program.

I don't know how HSBC was years ago, but since then the credit card division seems to be quite agressive for superprime customers. During the time that Citibank rejected me I had received a preapproval for multiple HSBC cards ranging from 1.99% BT Fee to 3% no limit to $75 max I think. I was not looking to BT at that time so I did not take advantage of the offers. Also received REALLY BAD DEALS from Washington Mutual which is essentially Providian which is a firm I won't deal with.

Will see what the next round of offers provides.

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Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Oct 14, 2006 4:25 pm

Exactly what happened, ajulius? I can't tell from what you've written.

Apparently you had a Citibank card with a $3600 CL, asked for an increase, didn't get it, and decided to cancel the card. Right? You said the reason given was "bogus" but don't say what it was. You say you had a Citibank card before and didn't get the premium you should have gotten--and then you did get the premium--and then you cancelled it anyway.

The way you phrased what you wrote sort of implied that Citibank had cancelled your card. But, no--you cancelled it. Citibank "let you walk"--what did you expect it to do? Insist you keep the card you weren't using? Say it wouldn't allow you to cancel?

You played a game with Citibank. You lost. Don't take it personally. It's not a "slap in the face"--just a round in the match between us and the banks. Lose some, win some.

Citibank has been very good to me over the years. That still didn't stop it from turning me down for two cards this year and giving me a $500 CL last year on one new card. But it also gave me three new cards this year. Wouldn't have gotten them if I had taken any decision as a "slap in the face"! It's just a decision from some employee somewhere among the hundreds of thousands of employees. Not a big deal.
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CitiBank Credit Card Request for Credit Line Increase Denied

Guest: ajulius
Credit Expert (100+ Posts)
Post subject: CitiBank Credit Card Request for Credit Line Increase Denied
Posted: Sat Oct 14, 2006 11:32 am

Applied for a CC, they gave me a very low credit limit with a very high credit score awhile back. Because of that I had never used the credit card. I have much higher limits with other banks. Citibank gave me $3600 while my others are 20-30k+ and I have paid back large sums before. I had a 0% balance transfer still available on the card for $3600 which is useless for me. I have superprime credit, top scores, less than 50% utilization on all cards with large balances paid off.

I had asked for a CLI increase after awhile because if they increased it I would have used the card. Instead they decided to let me walk, and so I did. Citibank has been cutting back on rewards programs on CC's and at the bank they cut back on the thank you points as well.

Awhile back I did banking with Citibank but they lost my business then as well because they did NOT make good on a promotion offer. I got the promotion then cancelled the account thereafter.

It looks like Chase has got my business now and is my primary lender. I still get offers for 0% promotions and I bet if I applied I would get MUCH higher Credit limits than Citibank as well.

Citibank seems to be doing everything to COST them my business and so it did.

From looking at the big money banks, it looks like Citibank has HSBC growing MORE strongly as well as Chase which just merged with Bank Of New York which grew organically and with the merger as well.

Bank Of America's offerings also are subpar and I only keep my MBNA card because of MBNA billpay.

American Express is also good as well and I never had issues with them.

As for a future 0% offer, will see what comes in the mail as soon as I pay back another rather large balance (Oh but Citibank said my revolving credit limits were too high, maybe Citibank will come back with a 0% counteroffer and then REJECT me after I apply, LOL)

With Citibank I have had nothing but issue after issue and I am a super prime customer no less.

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Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 12:27 pm

way to go...you tell citibank....and leave all of the offers for the rest of us...seriously...it is easy to get several citi cards and combine them into one card with 0%...talked about a lot here and FW....Citi is my highest personal card...

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Guest: ajulius
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 1:00 pm

maddybeagle wrote:
way to go...you tell citibank....and leave all of the offers for the rest of us...seriously...it is easy to get several citi cards and combine them into one card with 0%...talked about a lot here and FW....Citi is my highest personal card...

The point was I had a single card with a superlow limit at $3600. If I applied for another card I would have gotten EVEN LOWER than $3600 if I got approved at all.

I have paid back superlarge balances and dont have to combine $3600 and $2500 offers when in fact I can get straight up high lines FROM EVERY BANK OUT THERE except CITIBANK who wont even increase me from $3600. This was a slap in the face especially since I have paid back VERY LARGE BALANCES consistently.

When they assigned me $3600 at the beginning it was a slap in the face. I was going to cancel the card but figured they would just raise it if I ask since my credit score has gone up since last time which was also a top score. Nope.

The reason on my denial was completely bogus because all balances were under 50% threshhold and during the time I have received preapproved credit for 30k+ credit lines and 0% preapproved offers from other banks which would have instantly approved me.

Doesn't matter though. Will never do business with Citibank again. HSBC is NOW on par to beating Citibank in marketshare as the local bank deposits are growing SUPERFAST while Citibank is now losing marketshare. Citibank has been cutting back on everything including rewards programs on CCs as well as thank you points for those doing their banking there.

Will just take advantage of a preapproved offer from a competitor and I will be ready to go for my next deal, most likely HSBC.

Its not just me, alot of customers are cancelling CCs and moving funds from Citibank because of discontinuance of the rewards programs and soon interest rate tiers as better can be had from the other banks.

HSBC as of now seems like one of those beneficiaries in the top tier of banks.

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Plains Commerce Bank Credit Card Customer Service

Guest: PilgrimFarAway
Credit Expert (100+ Posts)
Post subject: Plains Commerce Bank Credit Card Customer Service
Posted: Mon Oct 16, 2006 11:43 am

I read a lot of bad stuff about Plains Commerce Bank, so I wanted to submit the other side. I am presently working on an issue with Plains Commerce Bank. I have to say - customer service has been absolutely wonderful. I didn't get the result I hope for yet, but I have been able to speak all the way up the line - to the Vice President of Credit Card services. She was kind and cordial and promises me a call back.

I know that their rates are high for signing up, but I'll take that over a hundred bucks less to get started and no one even trained to provide support.

for those who are trying to build or rebuild credit, I think it's important to keep in mind the importance of customer service when selecting a credit card company.

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Guest: ALex
Posted: Mon Oct 16, 2006 1:52 pm

PilgrimFarAway wrote:
I read a lot of bad stuff about Plains Commerce Bank, so I wanted to submit the other side. I am presently working on an issue with Plains Commerce Bank. I have to say - customer service has been absolutely wonderful. I didn't get the result I hope for yet, but I have been able to speak all the way up the line - to the Vice President of Credit Card services. She was kind and cordial and promises me a call back.

I know that their rates are high for signing up, but I'll take that over a hundred bucks less to get started and no one even trained to provide support.

for those who are trying to build or rebuild credit, I think it's important to keep in mind the importance of customer service when selecting a credit card company.

Excellent Post, very well spoken

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Best Credit Card Offer with Fixed Rate Balance Transfer

Guest: Chicago35
Post subject: Best Credit Card Offer with Fixed Rate Balance Transfer
Posted: Mon Oct 16, 2006 8:03 am

I have excellent credit and I used to get offers for low fixed rate balance transfers until paid in full and I would just toss them. Now I am looking for such an offer. Can anyone tell me where I can find an offer like this?

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Guest: ALex
Posted: Mon Oct 16, 2006 9:45 am

Chicago35 wrote:
I have excellent credit and I used to get offers for low fixed rate balance transfers until paid in full and I would just toss them. Now I am looking for such an offer. Can anyone tell me where I can find an offer like this?

Call credit card companies or go to their websites to see what offers are available.. If you have balances that you are looking to transfer, most of them would be more than willing to do it for you providing your credit is ok

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Guest: Tack
Posted: Mon Oct 16, 2006 10:12 am

While we are on this topic, I was wondering what kind of luck everyone has had out of these "life of the balance" transfers. I'm aware that being late on a payment would be reason for jacking the rate up, but just in general, how has it worked for everyone and which card is the best for this?

I currently have a balance of about 4400.00 on an amex blue (from my wedding). Right now the rate is 0% until March of 07. I also owe about 1550.00 on a home equity line of credit through CountryWide, with a variable rate, but with the current balance adds up to $16 and some change each month for interest. I do have the money to pay off both of these, but it would leave a big dent and I'd rather not do that.

Id like to transfer both of these balances to one of the "life of the balance" cards with a low interest rate and low/or no balance transfer fee. Any advice or tips would be appreciated.

Thanks

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Guest: usmsci
Credit Expert (100+ Posts)
Posted: Mon Oct 16, 2006 10:53 am

Tack wrote:
While we are on this topic, I was wondering what kind of luck everyone has had out of these "life of the balance" transfers. I'm aware that being late on a payment would be reason for jacking the rate up, but just in general, how has it worked for everyone and which card is the best for this?

I currently have a balance of about 4400.00 on an amex blue (from my wedding). Right now the rate is 0% until March of 07. I also owe about 1550.00 on a home equity line of credit through CountryWide, with a variable rate, but with the current balance adds up to $16 and some change each month for interest. I do have the money to pay off both of these, but it would leave a big dent and I'd rather not do that.

Id like to transfer both of these balances to one of the "life of the balance" cards with a low interest rate and low/or no balance transfer fee. Any advice or tips would be appreciated.

Thanks

amex has 2 that i know of because i was approved.. amex blue and amex clear. i think the clear is 3.99% for the life of the balance and the amex blue is 4.99% and no fee on the BT.

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Mon Oct 16, 2006 8:03 pm

The blue offer is here:

http://www.cardratings.com/lowratebalancetransfercreditcards.html
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How Long Between Credit Card Credit Line Increases?

Guest: multiplierx
Credit Expert (100+ Posts)
Post subject: How Long Between Credit Card Credit Line Increases?
Posted: Mon Oct 16, 2006 1:01 pm

All my Citi CLI's have been instant, though I've never filled out the form and tried for one.

In my experiences, initial CLIs are a 6 month wait. After that it can be as little as 1 month between CLIs using their button.

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Guest: caligirl
Posted: Mon Oct 16, 2006 9:51 pm

I requested a CLI right after I was approved for the card. It initially said it could take 14 days, but I received an email with a 5K increase the next day. It did pull a second credit report.

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Guest: artcubed
Posted: Mon Oct 16, 2006 10:21 pm

I got one automatically after 6 months (1500->3000) then used the luv button a year later for another 1000. Probably could have gotten them more frequently, just never tried.

Oh, and about an hour after I used the luv button, the increase was showing online.

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Requested Credit Line Increase on CitiBank Credit Card

Guest: ajulius
Credit Expert (100+ Posts)
Post subject: Requested Credit Line Increase on CitiBank Credit Card
Posted: Thu Oct 12, 2006 12:44 pm

Applied for a credit line increase with Citibank and I never heard back. Its been a few days already. I checked my limit but it is still the same.

Is Citibank slow for CL increases? With all the other firms I have mostly received the CL increases on the same day.

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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 9:27 pm

wait 6 months to increase
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Guest: spjoink
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 10:06 pm

not true , got my first in 3 months....
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Sat Oct 14, 2006 10:37 pm

thats what it said when I hit the button
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Best Hotel Credit Card?

Guest: CMK
Post subject: Best Hotel Credit Card?
Posted: Thu Oct 12, 2006 10:30 pm

Any comments on best hotel cards? i think I have narrowed down to hilton card and marriott card.

Also, what are the diffs between platinum and gold cards, etc. Marriot card has a "Signature" card and a "Premier Signature" card. what is the diff? credit limit?

Thanks,
Cheryl

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Fri Oct 13, 2006 7:41 am

Greetings and welcome to the board Cheryl! Have you checked our consumer reviews section here:

http://www.cardratings.com/cardreviewfr.html

Which hotel do you frequent the most?
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Guest: CMK
Posted: Sat Oct 14, 2006 8:20 am

thanks for the welcome, i stay at many diff hotels, no one in particular

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Credit Card Cash Advance Amount Allowed

Guest: AJ
Post subject: Credit Card Cash Advance Amount Allowed
Posted: Fri Oct 20, 2006 12:25 pm

Why does some banks allow to access your full limit for cash, while others do 50% or even less than that.

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Guest: NightStar
Board Monitor/ Administrator
Posted: Fri Oct 20, 2006 1:11 pm

My guess would be to limit the potential loss if a consumer takes the money and runs.
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Guest: Brammy
Credit Expert (100+ Posts)
Posted: Fri Oct 20, 2006 1:37 pm

Good question, I was wondering the same thing. NEver took a CA but was wondering why on card gave full limit access the other gave 20-30%

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Guest: Evilbunny
Posted: Fri Oct 20, 2006 2:15 pm

i dont know

at least with chase, for most accounts, the cash limit is 20% of the total credit limit.

though recently i have noticed alot of accounts having their cash limits permanently raised to the full credit limit. i see no reason for this. if someone is so desperate for money that they are willing to pay a 3% fee with no max and a 24% apr. then that makes me worry about their financial stability. but hey, thats just me. lol

banks = illogical

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