Have Citi FPO (quick cash for $100 gift card) dried up?

[Happy Dude]

Thanks @MELso and @SydneySwan!

 

[theblank]

A quick question for the brains trust on how to avoid paying interest or accidentally canceling a FPO if I may:

Do I just pay the balance on my card, less the FPO amount, to avoid paying interest?

i found the easiest way is get Citi to do the direct debit to pay the full balance. Never fails!

 

[Happy Dude]

absolutely I am taking up both those offers, the flybuys net result is a little under $300 but the cook will be happy, as she keeps those, and the VFF points is a gift of around $1250 nett. ( I personally value VFF at 1cent)

Of course they are not the same. just pointing out NAB was continuing to throw money from a helicopter.

Hey @theblank did you end up going for these? I just got the flybuys offer again. Are these worthwhile, aside from the credit enquiry and establishment fee, because you simply use the borrowed money to repay each month?

 

[theblank]

Hey @theblank did you end up going for these? I just got the flybuys offer again. Are these worthwhile, aside from the credit enquiry and establishment fee, because you simply use the borrowed money to repay each month?

Not yet plenty of time - i will just repay in full after the points arrived,

 

[JohnK]

I've been getting these offers regularly on Readycredit, Virgin Money and BOQ but unfortunately I took up the offers before they offered gift cards.

I find the statements very confusing in the way they apply interest and repayments.

 

[MELso]

Got another Quick Cash offer this morning. Same terms as last month ($2.5k min, $100 GC, 0% interest, 1.45% 6mo or 1.99% 12 mo fee). I now have 7 six month instalments (yes, you read correctly) on the go at the moment...

(Fortunately, Citibank explains instalments and their repayments clearly...)

 

[theblank]

I had to pay all mine off early- its gettin too hard to manage and understand with the constraints on my credit limit when i had 5 or 6 running.
tip: pay off after you get the gift card.

 

[MELso]

I use GMail's star function. I star each offer email, and when the gift card redemption email comes in, I star the redemption email and unstar the oldest offer email.

I currently have three offer emails starred (May, June and July)...

As I dump the proceeds of the Quick Cash onto my mortgage, I'm quite happy to keep payments at the minimum level required each month to avoid getting whacked with interest.

 

[MELso]

Citibank are still offering Quick Cash at 1.45%/6mo or 1.99%/12mo with 0% interest and a $100 gift card for a minimum $2500 withdrawal. Just took up this month's offer, and dumped the proceeds onto my mortgage which is now 3.54% (and about to go to 4.04% I suspect) so I should save at least $22 in interest too.

(Alas, my FlexiBill offer last month was under $2500, meaning no gift card, so I didn't take it up, although I still took up the Quick Cash offer...)

 

[Happy Dude]

Before long, it might get to the point where BT are worth doing again.

 

[albyd]

I’ve been taking advantage of the FPO offers which I understand were part of Citi’s plan to pump up the value of its loan book for a sale. These have now dried up and the offers are quite pedestrian. I’d take up more if they come up though

 

[SydneySwan]

I am still getting an FPO offer every month.

 

[oz_mark]

I’ve been taking advantage of the FPO offers which I understand were part of Citi’s plan to pump up the value of its loan book for a sale. These have now dried up and the offers are quite pedestrian. I’d take up more if they come up though

Seem much the same as they always were to me.

 

[albyd]

ok - I called in which is different - usually get a call when my avaialble balance has built up - will just wait for them to call now. Assuming the value of the offers is not significantly degraded under NAB, it's a good low interest way to access cash and like others have said, park it in the mortgage offset which is increasingly benefiial with mortgage rates now going up at a rapid clip.

 

[theblank]

I’ve been taking advantage of the FPO offers which I understand were part of Citi’s plan to pump up the value of its loan book for a sale. These have now dried up and the offers are quite pedestrian. I’d take up more if they come up though

They havent dried up, still getting the offer every month, only difference is the fee has doubled from about $17 to $33 to get the $100 gift card

 

[Happy Dude]

I also haven't seen a reduction in the number of offers but the "cost" has been closer to $38 (ie $2,500 at 1.49%) for ages. Still worth it though.

 

[oz_mark]

Couple of.offers this year. But are coming through without the opportunity for a gift card

 

[asterix]

Couple of.offers this year. But are coming through without the opportunity for a gift card

Some people got an offer for a $200 gift card last week (Bonus $200 eGift Card with Citi Quick Cash $2500+ (0% p.a., Upfront Fees: 0.99% 6 Months, 1.99% 12 Months)), but I don't currently have any offers available to me on my account.

 

[SydneySwan]

Most recent offers have not come with the enticement of a gift card. However I recently received an offer to convert 2.5k into FlexiBill at a discounted rate of 15.99% for a $100 e-giftcard. No thanks!

 

[albyd]

Looks like they’re testing sensitivity to pricing. 0% goes down well I’m assuming as they’ve kept that so they can say it’s ‘free’ but the initiation fee has been rising. My last offer was 4%. That’s much better than usual credit card rates & I know NAB aren’t a charity but it is increasing.