CitiBusiness Gold 'no longer available'

[greenfrog86]

Interesting ... then this card is pretty good then.... unlimited points earn + other things and 1.5points / $1 for velocity.

I don't think that's the conversion rate though...

I think it's 1.5 citi points per $1 which can then be used for 1 Velocity point or 1 kris flyer point...

Meaning the card is essentially 1:1 for velocity and KF

https://citibank.com.au/AUGCB/ICARD...ipper_content/travel_catalogue&layout=success

 

[d00dz]

Meaning the card is essentially 1:1 for velocity and KF

ahhhhh... I get it... sneaky citibank!

Thanks for clarification. Well in that case Ill change over when Ive used up all my 250k point cap on the CBG card. Currently on ~110k used up in 6 months.

 

[Jeffrey O'Neill]

just received a letter from CB advising the citibusiness card is disappearing into history and I'm being moved to the platinum rewards card.

They will let me have it at the current citibusiness annual fee rate so I suppose not all bad.

Still, not sure I want the card since the transfer rate to SQ and DJ is cough.

Will prob dump the card and go with the Jetstar card instead with my amex edge card for the others.

I can see CB loosing a lot of customers over this decision. Oh well. Have to start looking for a new card.

 

[Fifa]

I received the letter today too .
I plan to transfer all my points to QF and close the account when renewal is due.
Now, to find a new card but in the meantime I will go back to using my Woollies Mastercard.

 

[pangwen]

Interesting, so some people got a letter saying that they would get the platinum card rather than the signature? I wonder what the criteria are...

 

[Franko Costa]

What is everyone planning on doing? I assume if one wanted to keep the card they could produce a very new abn and claim it is for business or just upgrade to signature. I'm torn between the two

I think the ability to transfer to qantas, but I note the better insurance, airport passes and higher earn rate (particularly for international payments) are positives for the signature

 

[lakun]

if u want to keep it just to keep the 1.25/$ earn rate on qantas, then get/produce an ABN number if you dont already have one, and they will let you keep the CBG card

 

[DC3]

The overseas Call Centre told me tonight that there is no way to keep this card. I take it that people are getting the information about keeping it (with an ABN supplied) from an Australian source. I see a 1300 number on my letter, with 9-5 AEST operating hours, so I'll try that tomorrow. I already have an ABN.

My offer is only for the platinum card. That may be because I chose to reduce my credit limit to the minimum last year (so as I could apply for a Virgin Money card).

 

[vertisol]

Got my letter and offer of the Platinum card but without QF FF earn possible I will be retiring this card sooner rather than later.

Guess I will start look around for something with low fees, fat sign on bonus points offer and high earn rate.... any suggestions?

 

[pangwen]

Hmm.. I still haven't got my letter :\. I don't have a massive credit limit, so I may only be offered the Platinum card.

 

[wafliron]

Hmm.. I still haven't got my letter :\. I don't have a massive credit limit, so I may only be offered the Platinum card.

Neither. Hopefully a select few of us get to keep the card, no strings attached

 

[greenfrog86]

I will be *fuming* if I get 'offered' the Platinum card...

I got rid of that card when the 'enhanced' it and got the CitiBusiness instead. If I don't get Signature then they can go stick it as the platinum card wouldn't even be useful if it was free

 

[Franko Costa]

I'm planing on upgrading the card in lieu of providing an ABN. The main benefit of the card was to use the points for QFF, but I bet that this will change within the next 12 months (it's the only program I know that allows this). I suspect that Citibank hope to transfer the majority of their customers over to new cards now so they only annoy a smaller group of CBG holders when they make the change over

 

[scheps]

I thought with signature etc you have the option of opting in to QFF? but obviously not the same ratio.

 

[garyinoz]

I've got my letter too and have to decide what action if any to take. I've got about 70k points and I'm trying to decide where to place my loyalty, Qantas or Singapore. Has anyone confirmed if the kris flyer exchange/reward rate has changed? I guess if I want to transfer the points to Qantas FF I'd better do it soon.

 

[spentan]

I got the letter today, platinum only, (no sig), have a 11k credit limit.

called the 1300 number, told them that I was very disappointed as I need to make business expenses, told them my ABN, type of business (sole trader) and name (trading as my own name), and was advised that I can keep using the CB Gold. No change.

BTW, she did say that Citibank perform regulatory checks on the business, I said yeah, thats fine. Just to let people know.

 

[greenfrog86]

I got the letter today, platinum only, (no sig), have a 11k credit limit.

called the 1300 number, told them that I was very disappointed as I need to make business expenses, told them my ABN, type of business (sole trader) and name (trading as my own name), and was advised that I can keep using the CB Gold. No change.

BTW, she did say that Citibank perform regulatory checks on the business, I said yeah, thats fine. Just to let people know.

I've only got a 10k limit and suspect they might try the platinum trick with me too...

I'll try for a limit increase and smother them in paperwork this time because this is just dumb

 

[ripper]

When moving to platinum card the points transfer effectively gives you a point transfer of 0.625 Points per dollar spent using this platnum card. Whereas a citi select gives you 1.33 points per dollar spent. GOODBYE CITIBUSINESS GOLD CARD NOW A
USELESS PLATINUM CARD with a very poor exchange rate.

 

[garyinoz]

I've got my letter too and have to decide what action if any to take. I've got about 70k points and I'm trying to decide where to place my loyalty, Qantas or Singapore. Has anyone confirmed if the kris flyer exchange/reward rate has changed? I guess if I want to transfer the points to Qantas FF I'd better do it soon.

Just checked the site and it looks like the exchange on KF points would be worse on the platinum.

Singapore Airlines KrisFlyer program
Citibank Rewards cardholders can manually transfer their points to Singapore Airlines KrisFlyer program.

Citibank Rewards Credit Card - Select Signature and Citibusiness cardholders:
1.5 Citibank reward points = 1 KrisFlyer mile, redemptions must be in multiples of 15,000 Citibank reward points

Citibank Rewards Credit Card - Platinum, Classic, Citibank Gold Credit cardholders:
2 Citibank reward points = 1 KrisFlyer mile, redemptions must be in multiples of 20,000 Citibank reward points.

So looks like I'll be transferring my points either way.

 

[DC3]

if u want to keep it just to keep the 1.25/$ earn rate on qantas, then get/produce an ABN number if you dont already have one, and they will let you keep the CBG card

I contacted them today, provided the ABN and business name and was told that I will be able to keep the CBG card.