Earn points on Bank Transfers

[diamondhands]

Back to business as usual with my PayAll going through this month. Seems last month was a random aberration.

 

[stigsfilocousin]

I got approved for the Prestige card yesterday and I noticed that early this morning, Citi sent me a statement for the card covering all of yesterday. Does that mean that moving forward, my statement period is from the 20th of the previous month to the 21st of the current month, or am I way off?

Just wanna make sure I get it right so that I can do PayAll properly in terms of setting up the transactions and not incurring interest on the card (but incurring interest on savings).

 

[SydneySwan]

I got approved for the Prestige card yesterday and I noticed that early this morning, Citi sent me a statement for the card covering all of yesterday. Does that mean that moving forward, my statement period is from the 20th of the previous month to the 21st of the current month, or am I way off?

Just wanna make sure I get it right so that I can do PayAll properly in terms of setting up the transactions and not incurring interest on the card (but incurring interest on savings).

That boat has sailed. PayAlls attract a 0.95% fee now.

 

[stigsfilocousin]

That boat has sailed. PayAlls attract a 0.95% fee now.

I get that but im prepared to swallow the fee as my limit is relatively low anyway; im doing it moreso to help me meet the min spend at the get go and get to a points balance that will help pay for a Euro holiday next year.

 

[N860CR]

I get that but im prepared to swallow the fee as my limit is relatively low anyway; im doing it moreso to help me meet the min spend at the get go and get to a points balance that will help pay for a Euro holiday next year.

Don’t think PayAll counts for the min spend?

 

[SydneySwan]

Don’t think PayAll counts for the min spend?

It shouldn’t but it seems to.

 

[SOPOOR]

I get that but im prepared to swallow the fee as my limit is relatively low anyway; im doing it moreso to help me meet the min spend at the get go and get to a points balance that will help pay for a Euro holiday next year.

What's this min spend for?

 

[stigsfilocousin]

What's this min spend for?

$7000 within 3 months…doable but any extra helps

 

[stigsfilocousin]

Sorry my brain just switched on (its been one of those weeks) and realised my answer didnt make sense...

My minimum spend is 7k within 3 months in exchange for 150k CitiRewards points (another 50k will land 12 months after account is opened). There was a better offer elsewhere (10k more for an extra $1k spend) but it was tied to enabling autosweep to a Velocity account and i thought 10k less points was something that didnt bother me too much (probably against the ethos of AFF but well).

 

[SOPOOR]

My monthly transaction did not occur this month
No error msg or anything

 

[SydneySwan]

My monthly transaction did not occur this month
No error msg or anything

They are on to you.

 

[SOPOOR]

They are on to you.

Hope not

Just checked and available credit is well above the transaction......

 

[Franko Costa]

Hope not

Just checked and available credit is well above the transaction......

This has happened to me twice. I've called up and asked why it didn't go through. Both times they said it was a glitch (I have this for me and p2) and both time they gave me the correct amount of points as compensation (made a song and dance of embarrassed that the payment didn't go through and I had to make the payment another way)

 

[151soGood]

Need to reduce my credit limit as I am trying to purchase a property but don't have enough borrowing capacity with a 20k credit limit. Does anyone know if Payall would still work on a reduced credit limit + compensating same amount by "pre-loading" monies into the account?

eg you can have 5k credit limit, put in 15k extra deposit into the account (ie credit balance), and then Payall of 20k still works?

 

[Chicken]

Need to reduce my credit limit as I am trying to purchase a property but don't have enough borrowing capacity with a 20k credit limit. Does anyone know if Payall would still work on a reduced credit limit + compensating same amount by "pre-loading" monies into the account?

eg you can have 5k credit limit, put in 15k extra deposit into the account (ie credit balance), and then Payall of 20k still works?

Isn't the minimum credit limit for Premier cards $15k ?

 

[sickman112]

Yeah first step would be to establish it's actually possible to have this card on a 5k credit limit

 

[aikman]

I was successful in getting mine reduced to 10k. I think I did it all online.

 

[SOPOOR]

Just saw on a different forum "starting with o' a guy who had his card cancelled due to fradulent charges and payall not reinstated, while others have said they have had it reinstated

That got me thinking

When your credit card expires and they send you a new one , is there a risk of payall getting cancelled now

 

[Pele]

When my card expired in 2022 they sent me a new one and my payall's continued. No action required at all.

 

[Steady]

Just received this notification from Citibank.

We are continually finding ways to improve your experience and have made some important changes to your Citi credit card.

Please click on the link below for updates to both your existing Credit Card Terms and Conditions and Other Important Information and your Citibank Rewards and Citibank Qantas Rewards Program Terms and Conditions for Citibank Rewards Credit Card - Classic, Citibank Gold Credit Card and Citi Rewards Card Cardholders.

Effective 1 May 2020, some of the key changes are as follows:
We will be introducing a new credit card feature called Citi PayAll that allows you to make payments from your credit card to an eligible BSB and Account number within Australia. You will also receive reward Points on these transactions.

Could be interesting, although I suspect it will be quite limited in how much this could be used for gain.

2% international fee reading through again!!!! could be attractive - may be for forex through third party. 1 ppd certainly for domestic transfers with no fee

I realise this is a 4 year old post but I was looking around to see if I can transfer cash from my card to a bank account and initially this seemed perfect but looks to have morphed into something else.

I am having $6+K refunded to my card following VA cancelling the CNS -HND route, and I was about to cancel the card and don't really want to delay until I get it back down to the credit limit by spending it.

Is there an easy feeless way?