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

[ronnie66]

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

I think the ING orange everyday is pretty good too. Only 2.50A$ per overseas withdrawal. The FX rates are not too bad either if I am not mistaken.

 

[markis10]

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

I think the ING orange everyday is pretty good too. Only 2.50A$ per overseas withdrawal. The FX rates are not too bad either if I am not mistaken.

You are paying around 3% in margin in the FX on top of the $2.50, no contest with Citibank where I often take $20 a time form the ATM, no fee and little FX markup.

 

[ronnie66]

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

Probably I compared it to my previous experience with Westpac and other banks I thought it was pretty good. But you are probably right. I dont use creditcards for cash withdrawals. I have the 28 degrees card as well. I should have tried it.

 

[markis10]

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

Probably I compared it to my previous experience with Westpac and other banks I thought it was pretty good. But you are probably right. I dont use creditcards for cash withdrawals. I have the 28 degrees card as well. I should have tried it.

I love the ING card at home where that 5% rebate adds up, including topping up my public transport card, but overseas love the Citibank card for the fact I can withdraw just as much cash as I need without paying 5-7% for the privilege and not have to worry about losing more when I change back the left overs. The 28 degree had the same advantages until Jan.

 

[DeKa]

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

You are paying around 3% in margin in the FX on top of the $2.50, no contest with Citibank where I often take $20 a time form the ATM, no fee and little FX markup.

ING direct everyday orange has no FX fees on ATM withdrawals - only the $2.50 fee. They have an FX fee on purchases though.
I have compared it to Citi plus, as both are Visa. Rate is exactly the same (plus $2.50).

 

[ronnie66]

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

So all in all can be considered for withdrawals of largere amounts.

 

[NM]

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

... but overseas love the Citibank card for the fact I can withdraw just as much cash as I need ...

Such as when arriving in a new country and needing cash in small denominations. First time I arrived at VNO and withdrew LTL200 to find I received a single LTL200 note and that was a big problem for a taxi driver to provide change for a LTL15 fare. So next time I made 2 separate withdrawals or LTL100, which resulted in 4 x LTL50 notes, which some taxi drivers still balk at, but is better than an even bigger note. With no ATM fees, the resulting cost is the same as single transaction.

 

[adrian]

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

I now use the combination of Citi Plus account and 28 Degrees Master Card. I use the Citu card for cash withdrawls and keep enough balance in the account to cover those transactions, and retain the 28 Degrees card for purchases. This gives the best of both sides. By using the 28 Degrees card for purchases I now have the full statement period to pay it off, rather than always retaining a credit balance to avoid cash advance fees. So its likely to end up being GE Money's loss since they now fund the credit card purchases for up to 30 days for me rather than them having the use of my money for that time. So works out of for me.

Yeah, that is why I only ever paid off my 28 degrees balance when it was due. My transactions are about 10% cash and 90% purchases, so it was worth having the interest free period and just the few $ a month in cash advance interest charges. Guess I will have to apply for the new Citi Plus soon....

 

[JohnK]

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

A new thread on the ridiculous changes proposed for 1 January 2014 would have been helpful.

I do not remember receiving a notification yet I accidentally found it on their website.

 

[serfty]

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

...
I do not remember receiving a notification yet I accidentally found it on their website.

It is on you statement or .pdf

 

[JohnK]

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

It is on you statement or .pdf

On the page I hardly ever read. I really need to pay more attention to these things.

This card has lost its usefullness....

 

[marki]

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

On the page I hardly ever read. I really need to pay more attention to these things.

This card has lost its usefullness....

Totally agree with statement

 

[markis10]

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

I think the ING orange everyday is pretty good too. Only 2.50A$ per overseas withdrawal. The FX rates are not too bad either if I am not mistaken.

You are paying around 3% in margin in the FX on top of the $2.50, no contest with Citibank where I often take $20 a time form the ATM, no fee and little FX markup.

ING direct everyday orange has no FX fees on ATM withdrawals - only the $2.50 fee. They have an FX fee on purchases though.
I have compared it to Citi plus, as both are Visa. Rate is exactly the same (plus $2.50).

Just did a test transaction, $20 SGD cash from the same ATM

ING have authorised $17.14
Citibank $17.28

Will wait for settlement to see the actual debits and if they change but there is not much in it, apart from the ING ATM fee. I do wish Citi gave you the same auth visibility as I do, and had the same app feature that showed a balance without logging in!

 

[travelislife]

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

On the page I hardly ever read. I really need to pay more attention to these things.

This card has lost its usefullness....

Why? It is still perfect for what it was designed as, a credit card with no international fees. The reason the change has happened is that essentially people have been using the product differently than it was designed. There are other avenues which have been discussed at length for getting cash OS without any fees. I have never used this card to take cash out at an ATM but use it extensively for buying things online from OS sites and when travelling.

 

[JohnK]

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

Why? It is still perfect for what it was designed as, a credit card with no international fees.

I was also using it for withdrawals in Australia and most of the time I would pay interest as well. But I am not paying an ATM withdrawal fee and interest at the same time.

I now do not have a credit card I can use for ATM withdrawals as all my other cards are tied up with balance transfers.

 

[travelislife]

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

I was also using it for withdrawals in Australia and most of the time I would pay interest as well. But I am not paying an ATM withdrawal fee and interest at the same time.

I now do not have a credit card I can use for ATM withdrawals as all my other cards are tied up with balance transfers.

Okay, each to their own I guess. I have never known anyone to willingly cop the 20% interest on a cash advance when you can get it for free using a normal cash bank account.

 

[JohnK]

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

Okay, each to their own I guess. I have never known anyone to willingly cop the 20% interest on a cash advance when you can get it for free using a normal cash bank account.

Yes it is each to their own. A normal cash bank account would require me to have spare money at call which is not the case.

I move money between credit cards by doing balance transfers but sometimes it is not possible to do it until a certain date. So I take money out of the 28 degrees as a cash advance until it is possible to balance transfer then balance transfer around. The interest paid is minimal based on the interest saved with balance transfers.

 

[big_head]

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

Sorry guys, just quickly researching before an upcoming trip next week. Regarding the 28 degrees, can i still pre load it and withdraw overseas FEE FREE? or are they charging a % for this now?? This changes from 01/01/14?

I have the citibank as my backup, is that still fee free and currency conversion free with atm withdrawals overseas?

thanks!!

 

[jgm]

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

Regarding the 28 degrees, can i still pre load it and withdraw overseas FEE FREE? or are they charging a % for this now?? This changes from 01/01/14?

I have the citibank as my backup, is that still fee free and currency conversion free with atm withdrawals overseas?

thanks!!

1. Yes until 1/1/14
2. No (not until 1/1/14)
3. Yes
4. Yes

 

[serfty]

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

28°?

Next week - Good!

First Week of January - Bad!

Citibank Plus Debit Visa?

Still Good ...