Citi launching new Signature card

[cove]

Now that is a definite maybe I think!

 

[cove]

9 days later we have received this new CITI card.
Will read all the fine print and if there is something really unusual I will report it.
Credit limit is $30,000 so I have to learn how to load it to pay some really big stuff.
We went for one card @ $700 and so I am supplementary card holder.
1 for 1 QF points here we come on VISA just like KRIS on Westpac but a whole heap more costly.

 

[ZeroPoint]

9 days later we have received this new CITI card.
Will read all the fine print and if there is something really unusual I will report it.
Credit limit is $30,000 so I have to learn how to load it to pay some really big stuff.
We went for one card @ $700 and so I am supplementary card holder.
1 for 1 QF points here we come on VISA just like KRIS on Westpac but a whole heap more costly.

I'm jealous . I applied and got denied

 

[Foreigner]

9 days later we have received this new CITI card.
Will read all the fine print and if there is something really unusual I will report it.
Credit limit is $30,000 so I have to learn how to load it to pay some really big stuff.
We went for one card @ $700 and so I am supplementary card holder.
1 for 1 QF points here we come on VISA just like KRIS on Westpac but a whole heap more costly.

The devil is in the fine print!

 

[Foreigner]

I'm jealous . I applied and got denied

You ought to be laughing...you saved yourself 700 dollars.

 

[Jeffrey O'Neill]

I'm jealous . I applied and got denied

just apply for the NAB Platinum Card. Am sure it will earn you more points and cost less than half the CB product.

 

[cove]

Jeff,can we have a points race?
I thought NAB was 0.66 per dollar so you would need to spend $1.5 million on your cheaper card to get just one million points.If that is the case you are now half a million behind at the same spending rate.
Now you can get more than 1.5 First class tickets worth a retail value in excess of $30,000 with 500,000 points which seems to make the $700 fee a lttle modest.

 

[Foreigner]

just apply for the NAB Platinum Card. Am sure it will earn you more points and cost less than half the CB product.

...and you can earn 20000 points to start with.

 

[Jeffrey O'Neill]

Jeff,can we have a points race?
I thought NAB was 0.66 per dollar so you would need to spend $1.5 million on your cheaper card to get just one million points.If that is the case you are now half a million behind at the same spending rate.
Now you can get more than 1.5 First class tickets worth a retail value in excess of $30,000 with 500,000 points which seems to make the $700 fee a lttle modest.

but you can get 1.5 on the Amex card, and I'd say if you're spending that much money that most of it could be directed to your Amex card.

as with all cards it all depends on your level of spend and what kind of card you can direct it to.

 

[cove]

I have started the reading of the 100 odd pages from Citi and fortunately there are some pages left blank intentionally which of course are my favourite pages.
We seem to have access to 600 lounges at airports world wide regardless of the travel class of our tickets.
Will report further on this at a later date.

 

[cove]

I have AMEX ULTIMATE and WESTPAC KRIS PLATINUM AMEX and VISA but was short on Qantas points earning on Visa at 1:1 so that is a biggie.

 

[cove]

If your annual Visa spend is say sub $100,000 which would be 90 per cent of users then this card is not for you as the $700 fee raises the break even point compared with the NAB card mentioned.
There are still lots of places that don't want to take Amex because their merchant charge can be 4 times the Visa processing cost and traders are trying to cut costs rather than increase them at the moment.
So about 9 out of 10 could save $700 as has been suggested.

 

[crowman28]

The earn rate of the Citi VISA on Qantas is definitely great at 1:1. But think about it, the availablility of Qantas seats on J class is extremely limited. Normally you need at least 6 months to guarantee a flight that you can travel, not mentioning the fact that we may bring along family members, and may need to redeem two or three J seats for the same flight.

So lets say I got 1 million Qantas points now, and still I can't get a seat that I want in short notice. It is the airlines fault no doubt, and this makes the VISA a little unattractive.

 

[Foreigner]

If your annual Visa spend is say sub $100,000 which would be 90 per cent of users then this card is not for you as the $700 fee raises the break even point compared with the NAB card mentioned.
There are still lots of places that don't want to take Amex because their merchant charge can be 4 times the Visa processing cost and traders are trying to cut costs rather than increase them at the moment.
So about 9 out of 10 could save $700 as has been suggested.

a guestimate, i guess.

 

[pauly7]

Mmm I think I'll stick with my Citi platinum 1:1 QFF uncapped for $49!

 

[edman]

Mmm I think I'll stick with my Citi platinum 1:1 QFF uncapped for $49!

I presume you are talking about the fee free deal on the Platinum with a $49 fee for Qantas rewards, which is what I have but without having taken up the Qantas option. I was under the impression that this card was capped at 120000 points pa, although the capping seemed to happen a little haphazardly?

 

[trippin_the_rift]

I presume you are talking about the fee free deal on the Platinum with a $49 fee for Qantas rewards, which is what I have but without having taken up the Qantas option. I was under the impression that this card was capped at 120000 points pa, although the capping seemed to happen a little haphazardly?

From my experience it's capped from 120,000 -> 150,000, then uncapped again.

I could be wrong.

 

[cove]

Hello Crowman,I have 5 one ways in F on QF points between LAX and SYD.Had to use KRIS J for 6th flight.
It is tight on redemptions so if you can have the luxury of plan B Kris could be it.
For me I now have the option for making large FF points on Visa on both KRIS and QF and $700 is the price for certainty of uncapped points and then Amex is the second part of getting to millions of FF points in both loyalty programs.
I would be ticked if I put $500,000 thru to get 120,000 points based on rule number 999b.

 

[ZeroPoint]

I'm jealous . I applied and got denied

Good news. Was told my Select was approved. Can't wait.

 

[Foreigner]

Good news. Was told my Select was approved. Can't wait.

Happy spending and points earnings. Here's a link to various cards and earning rate in QF points...

Frequent Flyer - Earning Points - Pay