Cancelling Citi Credit Protector
After a profitable run with Citibank's Credit Protector program, including duplicate sets of retention rebates, I called the other day to cancel our coverage. I've been doing this with a 'dormant' Citi AT&T Universal Card whose rewards we had already maxed out for the year -- since Credit Protector charges based on your closing balance, no balance = no fees. Well, the end of the year is now here, and I wanted to ditch Credit Protector such that we could start using the card to earn rewards again.
So I gave Credit Protector a call at their toll free number (1-888-253-3663) and waited patiently while the customer service representative pulled up our account. And that's when it started all over again...
Him: "You're currently on our $0.49/$100 program, which is the lowest price that we offer. But it really is great coverage, blah, blah, blah..."
Me: "Thanks, but I'm still not interested."
Him: "Well, I do see that your account is eligible for $50 worth of mail-in rebates if you don't cancel. You don't even have to use the covered card to make the purchases. Just send us your receipts and we'll send you your rebates."
Me: "Hmm... I really do just want to cancel our account."
And then I thought about it. We actually have two reward cards rolling over right now -- the AT&T Universal Card and our Citi Dividend Platinum card. Both of these offer the same sorts of rewards (5% on gas, drugstore and grocery purchases, 1% on all else), and it takes awhile to max out the rewards (they're capped at $300/year). So why not just use the Dividend Platinum card while we cash in on another set of retention rebates? These rebates typically come as a set of five $10 coupons, and you can only cash in one per month. But fifty bucks is fifty bucks, and it only takes about 10 minutes (total) to mail in the coupons. To make a long story short, I relented and the new set of rebate coupons should be here in a few days.
--
Please CLICK HERE to read/leave comments on this entry
"Cancelling Citi Credit Protector" was first published at fivecentnickel.com
According to a recent report, government regulators are cracking down on companies that promise to remove negative information from your credit report. The FTC, the U.S. Postal Inspection Service and eight state law enforcement agencies have targeted 20 companies that offer to remove information from ... Read
Big news from Emigrant Direct Savings Bank... They've finally rolled out their new cash back credit card. This card, which is issued by Juniper Bank, offers: Up to 1.25% cash back on all purchases Rewards are credited directly to your American Dream Savings ... Read
I just ran across an amusing article about how Canadian retiree Don Rogers expressed his displeasure with his bank when they outsourced their credit card processing to the United States. The main concern here was privacy. Read
If you're interested in opting out of so-called 'firm' (i.e., pre-approved) offers of credit or insurance products then hop on over to OptOutPrescreen.com and let them know. This web site is a joint venture by Equifax, Experian, Innovis and TransUnion, and it allows you to ... Read
