28° Mastercard Cash Advances while overseas [No more free cash advances from 1/1/14]

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Danger said:
How do the foreign exchange rates stack up on the Citibank Plus compared to the 28 Degrees? That is, does Citibank have equally as good rates (unlike the banks where you get a God awful rate and a foreign transaction charge to boot)?
Click to expand...
See link in post #1 (Information on other (virtually) fee free cards for FOREX)
 
Danger said:
How do the foreign exchange rates stack up on the Citibank Plus compared to the 28 Degrees? That is, does Citibank have equally as good rates (unlike the banks where you get a God awful rate and a foreign transaction charge to boot)?
Click to expand...

On 2/7/13 in Desenzano Italy we did 2 withdrawals from an ATM one straight after the other, both were 250 Euros. Citi is showing as $ Aust 357.34 while 28 degrees is showing as $Aust 357.66 so a small win to Citi. We did the 2 transactions as there was a 250 Euro limit on that particular machine.
 
have to say... with the 'new' mode of application of payments for non-statemented items 28 degrees is becoming a bit of a pain!

manageable, but have to pay off the entire card once a week when I do my cash withdrawals for that week.

does citi apply a payment for unstatemented items to the highest interest earner first? (ie cash?)

dollar plunging... interest rates on cash in free-fall... rising costs due to inflation... makes living overseas (on the aussie dollar) less attractive!
 
MEL_Traveller said:
have to say... with the 'new' mode of application of payments for non-statemented items 28 degrees is becoming a bit of a pain!

manageable, but have to pay off the entire card once a week when I do my cash withdrawals for that week.

does citi apply a payment for unstatemented items to the highest interest earner first? (ie cash?)

dollar plunging... interest rates on cash in free-fall... rising costs due to inflation... makes living overseas (on the aussie dollar) less attractive!
Click to expand...

The citibank card people refer to here for cash withdrawals is a debit card... So those kinds of scenarios are not relevant with this product.
 
28degree security checks are stupid. They wanted me to confirm (via text) that I'd made three recent transactions for the total value of $68.23. No mention of who the merchants were. Given I buy things from Amazon in USD it's just pointless.
 
Need to call these guys....I logged on and requested a limit increase and got dust.
 
I said in my post there's no OTP dramas with ing orange account. I was wrong, you do have to deal with OTP text messages. I think there might be an option to get a token instead which would be good for o/s travel.

5% paywave cash back is working well when available and corresponding points earn would be less than 3 points per dollar (still prepared to pay 1.67c per point).
 
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RB said:
On 2/7/13 in Desenzano Italy we did 2 withdrawals from an ATM one straight after the other, both were 250 Euros. Citi is showing as $ Aust 357.34 while 28 degrees is showing as $Aust 357.66 so a small win to Citi. We did the 2 transactions as there was a 250 Euro limit on that particular machine.
Click to expand...
Given all the justified Citi bashing, that is impressive. Credit purchases made on the Select card at Annecy on the same date were just under .68 euro conversion which impressed me with the 5 point earn.
 
Ok just want to clarify that this is NOT an option:

These are the tools:
28 degrees card.
US $ account in Australia. (YES it as a US $ account in Australia!)

Can you place US $ via bpay on to the card to put it in credit?
Then will 28 degrees convert it to AU $?
Then can you withdraw $1K a day from Westpac ATM to get it in AU $, best conversion rate?

Would $23K credit be pushing it and close card if option was even possible?

Just want to confirm it is\is not possible!
 
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PLANT said:
Ok just want to clarify that this is NOT an option:

These are the tools:
28 degrees card.
US $ account in Australia.

Can you place US $ via bpay on to the card to put it in credit?
Then will 28 degrees convert it to AU $?
Then can you withdraw $1K a day from Westpac ATM to get it in AU $, best conversion rate?

Would $23K credit be pushing it and close card if option was even possible?

Just want to confirm it is\is not possible!
Click to expand...

no it is no possible. you cannot put american dollars into an australian account unless you open up a special account that can hold US dollars.
 
Cynicor said:
GPH- do you mean you are doing multiple cash advances here in the UK? Or that it worked somewhere else? Mine worked fine yesterday but I have not done multiple advances. I get all my cash in 1 go normally.
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We did all transactions in UK. But after the first two. No more would work
 
I just pull out 500 quid in London at a fee free ATM then I give them several transactions that would help them make a profit. No need to just take,take,take!
After that I use Citi Select Kris to earn points at a cent per Australian dollar.
 
My 28 degrees card was just compromised again. Not sure where in the world it occurred but I suspect physical transaction/hotel imprint or gold is the cause. The Fairmont Singapore is most likely culprit for my first compromise- 2 cards done at the same time and the only time I use one of them while away is hotel holds.

Oh well, I have 2-3 backup 28 degrees accounts to use/borrow as well as my supp card until it gets reissued.

Got to hand it to the fraud squad this time. They blocked the transaction and I wouldn't have picked it as being too abnormal, apart from being for only $10~
 
This card seems to be more easily compromised than any other card I've owned.
 
That could be due to its pattern of usage though? Higher risk internet and overseas transactions, high SE Asia usage (for me at least), frequently out of sight in restaurants and hotels etc.
 
Isochronous said:
Is there a daily withdrawal limit on this?
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IIRC... $1000 a day, up to your credit limit, on a rolling basis (as soon as a withdrawal appears on your transaction record then it comes off your limit and you can withdraw again). dunno if this has changed recently ##~~~+


##~~~+ (see other links by serfty... can potentially withdraw up to your credit limit!!)
 
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