Earn points on Bank Transfers

[troels]

Just got my CC in the mail. It includes a variation notice with the 20k limit from 1st November.

Post automatically merged: Oct 13, 2022

Is the linked Diners club card of any use? Does it earn points faster, with the few retailers that accept it?

Diner's Club also provides free lounge access to lounges outside PP. Used my Diner's card (not a linked one) a few times in Changi. Might be worth having. I'm assuming the companion card provides standard Diner's benefits.

 

[ChrisMars]

Diner's Club also provides free lounge access to lounges outside PP. Used my Diner's card (not a linked one) a few times in Changi. Might be worth having. I'm assuming the companion card provides standard Diner's benefits.

I think the linked DC don't provide lounge access, at least that's what I saw somewhere on the website when trying to see what's the benefit.
Citi doesn't seem to make the linked DC reward earn obvious, I have the feeling it gives 2 citireward points per $ spend, which would be larger or equal to the mastercard. Hopefully someone here can confirm.

 

[ChrisFlyer]

I think the linked DC don't provide lounge access, at least that's what I saw somewhere on the website when trying to see what's the benefit.
Citi doesn't seem to make the linked DC reward earn obvious, I have the feeling it gives 2 citireward points per $ spend, which would be larger or equal to the mastercard. Hopefully someone here can confirm.

Yes, if you're on the Citi Rewards earning option, DC is 2/$1 into the Citi program uncapped, at home and abroad. Equates to 0.8 Velocity Points per $1 on the basic Citi Rewards account (2.5:1 conversion) or 1 VA/$1 on the better cards (which have a better 2:1 conversion to Velocity).

However, Citi PayAll can't be funded by the DC, it gets charged under the MC number and thus earns at a lower rate.

 

[troels]

Newb PayAll user - my first transfer is set up for Oct 20th. I got a message and email yesterday from Citi to say they would be processing the payment today. Today the payment has been debited from my Citi account but has not been received in the payee account.

Is this sequencing/lag normal? Should I expect to see a credit tomorrow?

 

[AIRwin]

Is this sequencing/lag normal? Should I expect to see a credit tomorrow?

Sounds right

 

[troels]

The funds arrived in my ANZ account this afternoon. Tried to transfer out to my target bank and triggered ANZ's Falcon which locked my account :-(

Any tips on how to move large sums of money around without triggering the fraud detection systems? I've had the same with Nab before too. I've told ANZ not to trigger on this as it will be a regular transfer but they couldn't guarantee it.

Or, are you all doing multiple transfers but each to the same target account? I thought I was being clever by transferring to different accounts.

 

[Happy Dude]

@troels I've used multiple accounts and kept the amounts to less than $10k. No probs so far.

 

[troels]

@troels I've used multiple accounts and kept the amounts to less than $10k. No probs so far.

Maybe I've been unlucky with my banks then. My PayAll are all less than 10k and I still got blocked. Anyway it came back and the transfer eventually went through. I got blocked by Nab in the past for a $500 "suspicious" transfer.

 

[Danger]

I had a payment set for 22 October and a payment set for 23 October. Both went through today, but the second one (23 October) was declined due to insufficient funds. I thought it was only supposed to be 3 days prior to the scheduled date, not 4.

 

[SydneySwan]

I had a payment set for 22 October and a payment set for 23 October. Both went through today, but the second one (23 October) was declined due to insufficient funds. I thought it was only supposed to be 3 days prior to the scheduled date, not 4.

Both 22 and 23 October are non-banking days. Therefore Citi brings them both forward to 21 October, 3 days before that is October 19.

 

[Legoman]

Is the linked Diners club card of any use? Does it earn points faster, with the few retailers that accept it?

Yes. About twice as fast. 2pts/$ on Diners I think vs 1pt/$ on the Visa/Mastercard version.
The Diners also supposedly has no foreign currency conversion fee if you use it overseas, however, the reality is that the Diners exchange rate used includes the fee, so whilst the fee is not shown explicitly, it's still there just hidden in amongst the wildly unfavourable exchange rate. It is nowhere close to using a 28° Mastercard for foreign currency spending for example.

I use the Diners for spending at Colesworth and Bunnings primarily. Colesworth is accepted easily. Bunnings will only accept it via swipe and you have to do it twice before it'll work, but work it does. Petrol stations are a bit hit n' miss. Some will take it okay, others will not. I don't try to push it at petrol stations because it's too annoying with a queue to cause a delay with a card that won't work seemlessly.

The Diners card also operates as a BC Card in South Korea, RuPay card in India, UnionPay Card in China, JCB card in Japan, Discover card in USA and Diners everywhere else, so it can be quite useful if you travel a bit. It also works on PayPal.

 

[troels]

reality is that the Diners exchange rate used includes the fee, so whilst the fee is not shown explicitly, it's still there just hidden in amongst the wildly unfavourable exchange rate. It is nowhere close to using a 28° Mastercard for foreign currency spending for example.

Is the exchange rate for Diners published anywhere?

 

[Legoman]

Not that I've ever been able to find

 

[ChrisMars]

Is the exchange rate for Diners published anywhere?

Seems to be burried in this pdf

https://www.citibank.com.au/global_docs/pdf/ExtraCitiTermsandConditions.pdf

I am with the citi premier, it looks like I get one extra point for instore domestic transactions. So wollies and coles I guess.

 

[Pele]

Observation: my old card was due to expire at the end of November so Citi decided to get on the front foot and cancel it before the new one had arrived or been activated. After we crossed that bridge i have now received my new Mastercard(the old one was Visa). I went onto the app to switch all the scheduled PayAll transactions over to the new card details. From what i can tell they are already linked to the new card so no action required.

My first scheduled PayAll transaction is next week for over $20k so i will be let everyone know if it goes through considering the new rules said from 1 November the limit is $20k.

A couple of questions: i have had a few goes on the Citi website looking for PayAll so i can manage the schedule there but cant find it. I can only see a section to do PayAll things on the app. Is it hiding somewhere in the website?

My Citi card is aligned to QFF. Is there any way i can switch it over to the Citi rewards program?

 

[troels]

Seems to be burried in this pdf

https://www.citibank.com.au/global_docs/pdf/ExtraCitiTermsandConditions.pdf

I am with the citi premier, it looks like I get one extra point for instore domestic transactions. So wollies and coles I guess.

Don't see any mention in there. I read the docs that came with the card - it just said something about conversion at a rate determined by Citi or their payment processor (or words to that effect). Without any reference to the actual rate or any link.

 

[SydneySwan]

A couple of questions: i have had a few goes on the Citi website looking for PayAll so i can manage the schedule there but cant find it. I can only see a section to do PayAll things on the app. Is it hiding somewhere in the website?

I don't remember PayAll ever being on the website. I thought it was an App-only facility.

 

[ChrisMars]

Don't see any mention in there. I read the docs that came with the card - it just said something about conversion at a rate determined by Citi or their payment processor (or words to that effect). Without any reference to the actual rate or any link.

Page 10 has some tables that seems relevant for citi premiere. It says 2 citi rewards points per $ spend. On the citi website, using the MC, you would two points only on international, and domstic online transaction. That s how I read it.

 

[troels]

Page 10 has some tables that seems relevant for citi premiere. It says 2 citi rewards points per $ spend. On the citi website, using the MC, you would two points only on international, and domstic online transaction. That s how I read it.

My question was about currency conversion exchange rate, not points.

 

[ChrisMars]

My question was about currency conversion exchange rate, not points.

Ah right, my bad.
I guess this thread Diners Club foreign exchange rates. is where this question is being discussed.