My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.


By Topics

Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)



MONTHLY ARCHIVE

Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)



 

Citi Backpedaling Popular Credit Card Offer?

Contributed by mm | April 29, 2005 4:08 AM PST

Citibank's Driver's Edge is probably the best credit card deal we have in recent memory. In case you don't know, the card offers 5% rebate on every single purchase you make in the first nine months and 1% after that up to an annual cap of $500 (plus no annual free and 12-month 0% APR balance transfer option). Imagine you can get an automatic 5% off everything from movie tickets to airplane tickets on top of whatever other discounts you are entitled to. Of course, you have to redeem your rebate by submitting proof of vehicle purchase or service, but who cannot find $500 in receipts when it comes to the auto world?

However, it looks like the deal is too hot and maybe too costly for Citi to keep. If you go to Citi's credit card site, you may notice that Citi no longer publicly offers this deal. The current deal? "Earn 6% rebates on purchases made at supermarkets, drugstores, and gas stations for 12 months, 1% after that and on other purchases."null

The new offer is nothing attractive; remember you can get 5% cashback on the same purchases by using Citi's Dividend Platinum card for good. (Actually, I have been a Dividend Platinum card user for 13 months now and I'm still collecting 5% on every grocery store, drugstore and gas station purchases.) Plus, you can request hard cold cash from your cashback balance anytime without submitting anything.

On the other side, Citi just sent me a notice saying starting from next month, the annual cap on the Driver's Edge card will be lifted to $1,000 a year, and rebates can be redeemed via Citi's Thank You network (which is inferior to cash of course). It is another god-send: I already accumulated $380 in just four months and I will soon redeem the money by submitting my BMW bill of sale. With this uplift of annual cap, I can surely enjoy the 5% rebate more.

This Post Has Received 24 Comments. Share Your Opinions Too.


recog Commented on April 29, 2005

Any idea if the inceased cap applies to all accounts? If so, that's certainly great news -- I'm going to be in the market for a car before too long. However, I haven't heard anything about this myself, so I am just hoping that I'm included.


mm Commented on April 29, 2005

The notice comes from mail. The change is earmarked for May 23.


Jonathan Commented on April 29, 2005

Thanks for the link, but although the 1st splash page advertises the 5% off ALL purchases, when you actually get to the application itself and click on the Terms & Conditions, there is a section named "Driver's Edge Rebate Reward Program Information", with states:

"You earn 6% rebates on purchases made at supermarkets, drugstores and gas stations for 12 months. After that, you earn 1% rebates on purchases made at supermarkets, drugstores and gas stations. You earn 1% rebates on other purchases..."

with no mention of the 5% anywhere. Are you sure we can get still get the flat 5% back? I'm afraid that they simply didn't change the front page for the app...

Jonathan@MyMoneyBlog


--H Commented on April 29, 2005

I just got my Citi Platinum Dividend couple days ago. After using them couple of times in Walgreens and Safeway (was excited for the 5% cashback), it's blocked.

I called them and everytime I punched in my account number it's instructing me to call back on business hours Monday to Friday.

Log on to my account online to find out there had been a "suspicious activity" on the account. Which is even more ridiculous since if there had been really some "suspicious activity", should I have not been connected to a CSR pronto instead of having to wait till Monday?

Anyone ever experienced this ridiculous thing with their Citi cards?


Jonathan Commented on April 30, 2005

H,

I experienced the exact same thing in my Citi card. I was travelling for business and apparently this was "suspicious". So instead of calling me, they simply blocked my card. After a long tired day, having to search around for another credit card to use for a thousand-dollar hotel stay was a pain. Shrug, I've gotten hundreds of dollars from Citi in the last couple years, so oh well.


dave Commented on May 1, 2005

I hate all the games they play now and have gone to a flat rate card. Each offer seems to have too many exits to bother with.


Art Dardia Commented on May 1, 2005

I wonder if you choose to enroll on May 23, 2005 if your 5% gets overridden by the 3%.

The way I understood the offer was that this is a win all around. Increased amount of savings available, and increased savings rate for certain types of purchases (once your 5% special rate for 9 months ends).

My plan of action will be to wait for 5% to end, and then enroll for the 3%.


--H Commented on May 2, 2005

Jonathan:

The blocking itself is one thing (my MBNA was also automatically blocked everytime I go outside the country and forgot to call them) BUT being asked to wait the next day to call them to ask for status is what is throwing me off.

I may be petty but I could swear the Citi CSR I talked to the next day was really rude. I'm not the type who usually expects courtesy but compared to MBNA or Chase or Amex (my previous main cards), Citi's CSR really should take Manner 101 class.

But I'm a sucker for high rebates so I'll stick around while monitoring them closer.


mw Commented on October 19, 2005

I’m interested to know how the thank you network work in airline ticket redemption before I apply for Citi’s diamond prefered reward card. Too bad that they would not talk to me unless I’m their client. (when I called 1-877-7REDEEM, they want your phone number, and SSN in order to find your account number, and there’s no way around it and talk to a human being directly, as far as I know.) In particular, I want to know is the thank you point work just like any mileage point for any airline. For example: for 25,000 pt in my aeroplan mileage account, I can fly air canada from Florida, make one stopover Toronto, and then to Vancouver, and back to Florida. Will Thank You point offer the same benefit when it say 25000 pt for US 48 state/ Canada?? and second question would be, what is the actually process to redeem the tickets? anyone out there has actually done that before? any advice on who can I talk to?


AaronSit Commented on December 30, 2016

tamoxifen prices explained here vardenafil advair diskus cialis for daily use strattera


MichaelNub Commented on December 31, 2016

isoniazid 300 mg prednisone sale buy silagra nexium 40mg capsules seroquel xr sleep cefixime price abilify generic cialis prescription online


Peterjeola Commented on January 9, 2017

hydrochlorothiazide 12.5 mg cp buy adalat lexapro medication where to buy cialis online generic avalide celexa go here retin-a generic for lexapro


AaronSit Commented on February 5, 2017

wh0cd306124 albendazole Clindamycin female viagra viagra kvinnor anafranil online levitra find out more


MichaelNub Commented on February 6, 2017

wh0cd792076 CARDURA W/O PRESCRIPTION find out more CHEAP MEDROL generic diclofenac


AaronSit Commented on February 6, 2017

wh0cd131740 Benicar Cialis Online doxycycline hyc nexium 20mg bupropion baclofen canada


AlfredCaf Commented on February 7, 2017

wh0cd658188 buy effexor online triamterene hctz acyclovir cream cost seroquel for sleep buy arimidex online cheap desyrel 50 mg no prescription proventil inhaler cymbalta medication indocin sr 75 mg serpina online


EugeneOrert Commented on February 8, 2017

wh0cd524300 generic dutasteride viagra alli toradol 30 mg click for source


AaronSit Commented on February 8, 2017

wh0cd807772 Kamagra Online advair online INDOCIN NO RX Bactroban Visa Nolvadex antabuse online Colchicine Purchase Precose buy vermox


TracyNuami Commented on February 9, 2017

wh0cd187932 eurax at lowest cost site here prednisone price suprax


AaronSit Commented on February 9, 2017

wh0cd471404 zestoretic pills rocaltrol 0.25 mcg cafergot tablets clonidine over counter


AaronSit Commented on February 23, 2017

wh0cd811068 glucophage silagra


CharlesLiede Commented on February 24, 2017

wh0cd973052 zofran tabs cephalexin online Cheapest Anafranil buy vardenafil


AaronSit Commented on March 2, 2017

wh0cd661484 revia clomid principen


MichaelNub Commented on March 19, 2017

wh0cd103134 cialis generic cialis online who sells difluican with out a prescription


Add Your Comments










Remember personal information?




(It will take a few moments for your comment to be published. Please do not close the window until then.)


Read More ... 138 Posts In The Same Category










This page was last rebuilt at March 19, 2017 09:56 AM PST. (329 Words)
 

RSS FEED





PERSONAL FINANCE BLOGS I READ

Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar






.



Copyright 2003-2014, PFBlog.com. All Rights Reserved. (Privacy Policy)