1.99% for life MBNA MC or MBNA 0% interest Mastercard for 15 months or CITI 0%

[alanbrenton]

I got approved in August 2006 for around $17,000. I cancelled my card after the 0% offer ended in August 2007.

My wife, who previously had a citibank credit card, got approved in September 2007 for a 0% BT and was granted a credit increase just a few weeks back -- to $18,000.

I am caught in a bind and cannot reapply again as my wife and I each have the MBNA 0% balance transfer whose promo will end August / September 2008.

Has anybody tried to reapply after a cancellation and succeeded in obtaining another 0% BT Citibank credit card? I was approved for another MBNA late 2007 and I chose to combine the old 0% credit card limit with the current one.

I don't want to get a rejection and have it appear on my credit file. So far none of my credit card applications have been rejected. If the risk is low, I may so apply maybe in June 2008 once my credit card balances have dropped substantially.

Thanks for the input.

[ps3hacker]

and again it worked today.

My wife applied at the beginning of Dec. and we haven't heard a thing :(

Hopefully the new year will bring new info:lol:

My wife applied on Dec 5, and she got the card today.
But there is no info in the package related to the 0% interest.

I guess she will have to activate and ask about it. I read that you
can call to do a transfer without waiting for the checks.

[Tedder]

Anyone knows how to banlance transfer the house mortgage?

I don't know if you're joking or not, but I did this with my mortgage and 0% MBNA. I did a cash advance for $25,000 and my wife did it for $12,500. We have the Canadian Tire One & Only account mortgage. After 15 months, we'll write a cheque from the account to pay off in full. In the meantime, we will pay no interest on $37,500 of our mortgage and save nearly $2500.

You can't do this with a regular mortgage since you would have to refinance to get the money to pay back your credit card after the promotion period ends.

[dengcn]

Anyone knows how to banlance transfer the house mortgage?

you will end up with 19% interest for all amount!!!

Don't play this game with credit card issurer. They have statistic and mathematical models to have leverage on you.

[nchopra]

Personally I have successfully obtained a new Citi 0% interest card after cancelling the previous 0% interest card (ie cancelled within the 1 year). I think I must be on my 3rd or 4th card now.

I got approved in August 2006 for around $17,000. I cancelled my card after the 0% offer ended in August 2007.

My wife, who previously had a citibank credit card, got approved in September 2007 for a 0% BT and was granted a credit increase just a few weeks back -- to $18,000.

I am caught in a bind and cannot reapply again as my wife and I each have the MBNA 0% balance transfer whose promo will end August / September 2008.

Has anybody tried to reapply after a cancellation and succeeded in obtaining another 0% BT Citibank credit card? I was approved for another MBNA late 2007 and I chose to combine the old 0% credit card limit with the current one.

I don't want to get a rejection and have it appear on my credit file. So far none of my credit card applications have been rejected. If the risk is low, I may so apply maybe in June 2008 once my credit card balances have dropped substantially.

Thanks for the input.

[sunnyd71]

Personally I have successfully obtained a new Citi 0% interest card after cancelling the previous 0% interest card (ie cancelled within the 1 year). I think I must be on my 3rd or 4th card now.

How long did you wait after cancelling to reapply?

[blah]

Has anyone who was already a Citi cardholder under a BT offer had experience before the end of year 1 applying under a new card offer with a different BT rate (e.g. current card rate 0.9% vs. new offer rate 0%), or is it necessary to cancel the older card first?

[810vf]

I applied for a citi card last dec and got a limit of 15k. Invested it in bnk stock and got in and out just before this last crunch....also benifited from the quarterly dividends. Just finished paying it back and confirmed the interest charged was o%. You cant lose!
Anyways has anyone reapplied again to take advantage of this offer. I called citi today and was advised the best int rate they can give me is 18.9. Wondering if I should now cancel the acct and reapply or just apply for an mbna card??? Any suggestions/advice

[nchopra]

I've applied the same day after cancelling. In fact it was probably within 15 minutes.

How long did you wait after cancelling to reapply?

[pogs]

Does anyone know if this offer is still alive?

:D

[st7860]

still works
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

[MrCheap]

I didn't read the 50 odd pages of replies to see if anyone else has posted this but a word of warning for these types of offers: they aren't all gravy.

Read the fine print, if you miss ONE payment, the interest rate jumps to typically higher than their regular rates.

For eg: MBNA contacted me for one of these offers. I told them I had a line of credit at X bank for 4% (they were offerring 6%) so they came back with an offer of 3% so I took it.

About 3 months later I was really busy and was tardy in paying the monthly minimum by 12 minutes....(after midnight on the payment due date). They upped my rate to above the standard rate. I called them and said hey, give me a break will you? I was 12 minutes late...they said "sorry, late is late"....So I said, well, don't bother sending me any bills, I won't pay them...so after about 7,000 phone calls (me answering some of them explaining why I wasn't paying) they finally approached me with an offer of: 1/3rd the balance, to be paid in 3 months with no record on my credit report. I settled.

[alanbrenton]

I didn't read the 50 odd pages of replies to see if anyone else has posted this but a word of warning for these types of offers: they aren't all gravy.

Read the fine print, if you miss ONE payment, the interest rate jumps to typically higher than their regular rates.

For eg: MBNA contacted me for one of these offers. I told them I had a line of credit at X bank for 4% (they were offerring 6%) so they came back with an offer of 3% so I took it.

About 3 months later I was really busy and was tardy in paying the monthly minimum by 12 minutes....(after midnight on the payment due date). They upped my rate to above the standard rate. I called them and said hey, give me a break will you? I was 12 minutes late...they said "sorry, late is late"....So I said, well, don't bother sending me any bills, I won't pay them...so after about 7,000 phone calls (me answering some of them explaining why I wasn't paying) they finally approached me with an offer of: 1/3rd the balance, to be paid in 3 months with no record on my credit report. I settled.

I create post-dated payments through online banking for all my credit card bills weeks before they are due. I wouldn't want to wait for the last minute to pay for them especially when there is usually a one or two day lag between the time of online payment and the posting to my credit card account.

[MrCheap]

I create post-dated payments through online banking for all my credit card bills weeks before they are due. I wouldn't want to wait for the last minute to pay for them especially when there is usually a one or two day lag between the time of online payment and the posting to my credit card account.

That's great but I can't always forecast accurately what my cash flow will be at any given time (being self employed). In fact, I'd be curious to know how you determine what the payment will be a x date weeks in advance. I know the CC companies work 1 month in advance but do you do that more than a month? (or are you one of those rare breeds that pay off your balance every month and know what it is by tracking and recording your purchases?)

As for online payment they accept the date and time the payment was made, not when the funds reach them. (which is why I always record the confirmation number when paying via online banking).

[pogs]

still works
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

I realize the offer website still works, but what about the fine print that says "Your completed application....must be received by December 31, 2007, to qualify for this balance transfer offer"?

:confused:

[Ron]

As for online payment they accept the date and time the payment was made, not when the funds reach them. (which is why I always record the confirmation number when paying via online banking).

This is totally new to me. Are you sure?
I remember MBNA told me that they use the date they get the payment, not when it was sent.

[Atragon]

I have both the MNBA 0% interest card for 15 months and the Citi Mastercard 0% for 12 months from date of transfer. Keep in mind the following:

MBNA- a one time 1% balance transfer fee but with a $10/month minimum payment requirement thereafter

Citi Mastercard-$0 balance transfer fee but a minumum payment of 2.1% of your balance each month. eg) My credit limit on this card is $21,000. My minimum payment will be $441.00 vs. $10/month on my MBNA. The rep on the phone said that I could pay more if I wanted but why would I???

The balance transfer will take anywhere from 7-10 business days for the funds to show up in your account. This request can be done on the phone...

JC

So you're able to hold both a Citi Mastercard and a MBNA Mastercard (both via Citi) and get 0% on both? Did you have to do anything special? (My 12 months is ending soon on my 0% Citi card)

[st7860]

This is totally new to me. Are you sure?
I remember MBNA told me that they use the date they get the payment, not when it was sent.

all companies accept the payment when its received.

some companies like TELUS will accept a payment arrangement and in doing so will accept the date the payment was sent.

[engo]

So you're able to hold both a Citi Mastercard and a MBNA Mastercard (both via Citi) and get 0% on both? Did you have to do anything special? (My 12 months is ending soon on my 0% Citi card)

I had both at the same time and had no problem at all.

[chrome_boy]

Just got the 0% Citi Gold last month. Thanks OP!

[MrCheap]

This is totally new to me. Are you sure?
I remember MBNA told me that they use the date they get the payment, not when it was sent.

Please note that it isn't being "sent" (as in through the mail).....it is being "paid" at one of their recognized institutions for payment ie: a chartered bank.

[gulfan]

I can't seem to get past the second step in the application process. It tells me Error 404, file not found. Anyone else having this problem?

[alanbrenton]

That's great but I can't always forecast accurately what my cash flow will be at any given time (being self employed). In fact, I'd be curious to know how you determine what the payment will be a x date weeks in advance. I know the CC companies work 1 month in advance but do you do that more than a month? (or are you one of those rare breeds that pay off your balance every month and know what it is by tracking and recording your purchases?)

As for online payment they accept the date and time the payment was made, not when the funds reach them. (which is why I always record the confirmation number when paying via online banking).


A credit line will help with the irregularity of your cash flow. I pay all my credit card balances using my LOC as these do not count as debit transactions (they would if a chequing account was used).

No, I can only post date the payments once I receive the statements by mail or when I check online. As the billing periods for each card company varies, it's too time consuming to project the next due date for each of them. Every week, I just regularly check online if any of the billing cycles have ended resulting in a payment due.

No, since these are 0% BT credit cards, I would only pay the minimum. For my other credit cards, of course, I would pay the entire balance.

That thing you said about online payment is good to hear although I would err on the side of caution as RBC's online payment does caution its clients about lags in receipt of payments. There's a huge variation as to when payees would post my payments (for citibank, it's the same as my online payment date, for mbna it's 1 day latter, for others I am not sure but try to put 2-3 days allowance). Also, depending on the amount, sometimes I pay the balance immediately (like the $10/monthly minimums for MBNA credit cards is not worth the fuss of post dating payments)

For example, I would rather pay Canadian Tire a few days ahead of the scheduled due date (as it takes a while for them to post the receipt of payment, sometimes 3 days) than have to argue with the company representative if in case an interest charge is slapped on my account. I know how time consuming these calls are and would rather pay slightly earlier and save myself the grief of having to argue with these people.

[najibs]

Apparently the deal is STILL on. I received the card about a week ago, and today (Jan 4th) I received a letter from Citi in the mail with cheques to do balance transfers and it CLEARLY says on the document:

"You'll automatically enjoy a 0.0% annual interest rate on all your standard transferred balances until November 30, 2008"

So for those who haven't applied yet, apparently you can still do it, as the link still seems to work.

[MrCheap]

.......
For example, I would rather pay Canadian Tire a few days ahead of the scheduled due date (as it takes a while for them to post the receipt of payment, sometimes 3 days) than have to argue with the company representative if in case an interest charge is slapped on my account. I know how time consuming these calls are and would rather pay slightly earlier and save myself the grief of having to argue with these people.

Don't get me started on LOC. I had one at TD and they summarily cancelled it without telling me (I found out while trying to purchase materials for a project I was contracted for). To make matters worse, when I called them about why the purchase wouldn't go through their words were "read your paperwork, it clearly states we can cancel your priveledges at any time without notice". I said, ummm I signed that 8 yrs ago and who the heck knows where it is now?

To rub salt into the wound they did send out a letter the day they cancelled the LOC and I didn't receive it until a week after they cancelled it.

To make sure that salt is driven right down deep into the wound they immediately tripled the interest rate on the existing balance (from 5% to 15%).

Anyhow, don't get me started on CTC credit. They are loan sharks of the legal kind. They've been sued a number of times over their extreme interest rate (last time I checked it was 28%). I used to work for Head Office and while there, I personally knew of 3 employees that were being taken to court over unpaid balances (they didn't accept the payment offers the employees had tried to negotiate, they wanted the balance in full, immediately and would accept nothing less...even from employees of the same company).

[alanbrenton]

Don't get me started on LOC. I had one at TD and they summarily cancelled it without telling me (I found out while trying to purchase materials for a project I was contracted for). To make matters worse, when I called them about why the purchase wouldn't go through their words were "read your paperwork, it clearly states we can cancel your priveledges at any time without notice". I said, ummm I signed that 8 yrs ago and who the heck knows where it is now?

To rub salt into the wound they did send out a letter the day they cancelled the LOC and I didn't receive it until a week after they cancelled it.

To make sure that salt is driven right down deep into the wound they immediately tripled the interest rate on the existing balance (from 5% to 15%).

Anyhow, don't get me started on CTC credit. They are loan sharks of the legal kind. They've been sued a number of times over their extreme interest rate (last time I checked it was 28%). I used to work for Head Office and while there, I personally knew of 3 employees that were being taken to court over unpaid balances (they didn't accept the payment offers the employees had tried to negotiate, they wanted the balance in full, immediately and would accept nothing less...even from employees of the same company).

Sorry to hear that. I'll keep these in mind when I deal with RBC or any other financial institution for that matter.

[najibs]

Sorry to hear that. I'll keep these in mind when I deal with RBC or any other financial institution for that matter.

That was TD that he dealt with. I've got my LOC through Scotiabank with the ScotiaLine Visa card, and it's been flawless.

[mescalito]

So how can I get one of these if I'm a student? I don't work currently but I DO have loan/scholarship income

I need the 0% to get my CC debt down

[najibs]

So how can I get one of these if I'm a student? I don't work currently but I DO have loan/scholarship income

I need the 0% to get my CC debt down

One of the requirements is $15k annual income.

[RedMosquito]

I signed up for this deal on Nov/06, not sure if this has happened to other people, but it's been 14 months now and I still have 0% on my balance..

[Thanh]

Just came back home from Christmas vacations and found out that I was approved for 25K while my wife was approved for 15K. So we have 40K to invest. I was thinking about TD's New Zealand Dollar Term Deposit GIC's for 360 days. Listed rate is 7.39%. The rate seems to be garanteed. Anyone knows about these GIC's ?

[harry420]

Apparently the deal is STILL on. I received the card about a week ago, and today (Jan 4th) I received a letter from Citi in the mail with cheques to do balance transfers and it CLEARLY says on the document:

"You'll automatically enjoy a 0.0% annual interest rate on all your standard transferred balances until November 30, 2008"

So for those who haven't applied yet, apparently you can still do it, as the link still seems to work.


Link work for citibank card however when you read the agreement it says:

"Your completed Application, and each Balance Transfer request, must be received by December 31, 2007, to qualify for this balance transfer offer"

Anyone know how much income do you need for MBNA no interest Card?

[arnyk]

Got the BTZP offer in the mail today, 0% 12 months. It says the offer will expire February 14th 2008, but judging from the BODX code's longevity, I might as well call in for the 15 month.

By the way this is the first "solicitation" from a credit card company I've gotten. I have an RBC Student Classic II VISA and a Citi Enrich Mastercard - used them for less than a year. So I suppose it doesn't take much for them to start throwing this stuff at ya.

[najibs]

Got the BTZP offer in the mail today, 0% 12 months. It says the offer will expire February 14th 2008, but judging from the BODX code's longevity, I might as well call in for the 15 month.

By the way this is the first "solicitation" from a credit card company I've gotten. I have an RBC Student Classic II VISA and a Citi Enrich Mastercard - used them for less than a year. So I suppose it doesn't take much for them to start throwing this stuff at ya.

Feb 2008, or did you mean 2009?

[canadiandollars]

weird. I applied for the card over 2 weeks ago ( i think) and haven't heard anything back. Maybe they rejected me since I already have a citibank mc. but last time I did the credit card arbitrage everything was fine and i had 2 cards already.

do you think they're catching on? :D

[smihaila]

Got the BTZP offer in the mail today, 0% 12 months. It says the offer will expire February 14th 2008, but judging from the BODX code's longevity, I might as well call in for the 15 month.


Since the code is 4 letters instead of 3, shall I presume it's an MBNA offer, not Citi, right?

[arnyk]

Feb 2008, or did you mean 2009?

It said 2008 on the letter, so I guess they're trying to rush me. Gives me about a month or so to sign up. Might as well go with the 15 month code though if it's still active. I doubt this new code will expire in February though.

[arnyk]

Since the code is 4 letters instead of 3, shall I presume it's an MBNA offer, not Citi, right?

Yeah it's MBNA.

[jenwrght]

so, if you still use the online link provided for citi do you still get the offer even though it stated must have applied by dec. 31st? anyone?

[pogs]

so, if you still use the online link provided for citi do you still get the offer even though it stated must have applied by dec. 31st? anyone?

I'm awaiting any experience from someone who has actually applied after the date and received the 0% deal. :cheesygri

[bloodwulf]

i think everyone is scared now >:(

[Tender]

Apparently the deal is STILL on. I received the card about a week ago, and today (Jan 4th) I received a letter from Citi in the mail with cheques to do balance transfers and it CLEARLY says on the document:

"You'll automatically enjoy a 0.0% annual interest rate on all your standard transferred balances until November 30, 2008"

So for those who haven't applied yet, apparently you can still do it, as the link still seems to work.

I've got two questions:

1. Does the 0% interest apply to the balanced transferred only or to any new purchases?

2. The fine print says: "Promotional Transfer Cheque Fee: Unless waived or reduced, 1.50% of the amount of each transfer cheque." Does this mean you'll have to pay 1.50% even though the interest is 0%?

Sorry I've never carried any balance before and have no clue about how the balance transfer works.

[najibs]

I've got two questions:

1. Does the 0% interest apply to the balanced transferred only or to any new purchases?

2. The fine print says: "Promotional Transfer Cheque Fee: Unless waived or reduced, 1.50% of the amount of each transfer cheque." Does this mean you'll have to pay 1.50% even though the interest is 0%?

Sorry I've never carried any balance before and have no clue about how the balance transfer works.

1. 0% is only for balance transfers, not purchases.

2. I'm not sure I understand. As far as I'm aware there's no fee charged for balance transfers.

[BMNB2tches]

got rejected because i already have a citi edge mc
anyone have any experience with this?
this sucks..any solutions
should i just cancel my citi edge and re apply??

[Thanh]

got rejected because i already have a citi edge mc
anyone have any experience with this?
this sucks..any solutions
should i just cancel my citi edge and re apply??

My wife received the card and she already had a Driver's Edge Gold card.

[nchopra]

if you reapply you may get rejected again because they usually don't accept reapplications if made within 6 months

got rejected because i already have a citi edge mc
anyone have any experience with this?
this sucks..any solutions
should i just cancel my citi edge and re apply??

[alanbrenton]

My wife received the card and she already had a Driver's Edge Gold card.

Ditto. But we got the card in August/September 2007

[pogs]

got rejected because i already have a citi edge mc
anyone have any experience with this?
this sucks..any solutions
should i just cancel my citi edge and re apply??

I got rejected for the same reason. So I canceled my existing card in the hopes of re-applying. Guess I'll consider the MBNA card. :(

[stevstevd]

for anyone with the CITI card, make sure you make your payments on time (ie, a week in advance). I woke up yesterday and realized my first payment was due the same day. I called and they said the payment would not go through the same day and that there is NO grace period.

So I had to go down to money mart before 1:30pm and make a western union payment (15$ charge) to make sure my payment went through that day to avoid the penalty of no more 0% interest which would also mean about 175$ interest charge that month and any future month that you kept the balance

[pogs]

for anyone with the CITI card, make sure you make your payments on time (ie, a week in advance). I woke up yesterday and realized my first payment was due the same day. I called and they said the payment would not go through the same day and that there is NO grace period.

So I had to go down to money mart before 1:30pm and make a western union payment (15$ charge) to make sure my payment went through that day to avoid the penalty of no more 0% interest which would also mean about 175$ interest charge that month and any future month that you kept the balance

If your online bank is setup to allow it, I would setup automatic payments. That's what I did, and always several days in advance, just in case. :cheesygri

[alanbrenton]

If your online bank is setup to allow it, I would setup automatic payments. That's what I did, and always several days in advance, just in case. :cheesygri

For RBC online banking, payment is posted the same day. I've known this since 2004 when I first set up post dated payments.

[erratic]

I'll admit, I skimmed through this thread. I was hoping someone could be so kind to answer these two little questions for me:

- Does the 0% only apply on the BT when you apply for it online, while applying for the card, or can you call and do it after?

- Can you balance transfer from a Citi Petro Points to This Citi Card?

Thanks guys!

[Jucius Maximus]

I phoned up Citi Mastercard. Their applications line is 888.899.1230.

They say that this 0% until Nov 2008 is still valid, even though the fine print says you have to get your application in before Dec 31, 2007.

They also say that they have a new offer on their "Gold" Mastercard for 0.9% until Jan 2009 with no BT fee. You can apply for it over the phone or online, but I am not sure of the URL.

[st7860]

I'll admit, I skimmed through this thread. I was hoping someone could be so kind to answer these two little questions for me:

- Does the 0% only apply on the BT when you apply for it online, while applying for the card, or can you call and do it after?

- Can you balance transfer from a Citi Petro Points to This Citi Card?

Thanks guys!

1. apply here
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

2. you can't do a balance transfer to another CITI product. instead, just ask them to deposit the 0% balance transfer into your checking account(direct deposit), then simply do a bill payment to wherever you want it to go.

[stevstevd]

For RBC online banking, payment is posted the same day. I've known this since 2004 when I first set up post dated payments.

I have RBC online banking and number of times that i've made payments to my other mastercard and it went through 1 and even 2 days after the payment...Just because they post the payment doesn't mean the credit card payment went through. From now on though, i'll be sure to make my payment a week in advance.

I'd do the auto payment, but every month it seems my min payment changes...I had a 250$ min payment the first month... seemed a little high.

[JVM]

My wife got a MBNA 0% balance transfer offer in the mail.

Call 1-877-428-6060 an quote priority code BTZ9

Perhaps the OP could add it to the first post?

JVM

[st7860]

My wife got a MBNA 0% balance transfer offer in the mail.

Call 1-877-428-6060 an quote priority code BTZ9

Perhaps the OP could add it to the first post?

JVM


done.

[vickyfrd]

does anyone aware that there is a 1.5% fee will apply to the amount transferred?

Is there any way to waive it?

Thanks!

[smihaila]

They also say that they have a new offer on their "Gold" Mastercard for 0.9% until Jan 2009 with BT fee. You can apply for it over the phone or online, but I am not sure of the URL.

Interesting. Do you know if people who had another citi Gold mastercard opened and closed it recently can apply? Or they are subject to the same 6-months waiting period?

[najibs]

does anyone aware that there is a 1.5% fee will apply to the amount transferred?

Is there any way to waive it?

Thanks!

Where does it say that? No where on my balance transfer offer does it say they charge anything for transferring balances. And I was not charged for doing it.

[Hugh Jass]

Interesting. Do you know if people who had another citi Gold mastercard opened and closed it recently can apply? Or they are subject to the same 6-months waiting period?

It's mentioned a few pages back. If you plan on borrowing a few grand on one or more of these cards, it's probably worth your while to read over more of the posts. It's a whopper of a thread but if you can get valuable info, it's got to be worth it.

[Jucius Maximus]

Where does it say that? No where on my balance transfer offer does it say they charge anything for transferring balances. And I was not charged for doing it.

It's in their fine print (http://www.citicards.ca/cgi-bin/gohttps?/canada/cards/direct/pdf/p5a07_gd_00_na.pdf).

Thanks for letting me know you were not actually charged.

[najibs]

It's in their fine print (http://www.citicards.ca/cgi-bin/gohttps?/canada/cards/direct/pdf/p5a07_gd_00_na.pdf).

Thanks for letting me know you were not actually charged.

Maybe if you apply for the gold card that's not with the 0% promo.

[vickyfrd]

If you click the citi card link on Page 1, you will find the "important information about an introductory annual interest rate offer on balance transfer".

The 1.5% charge is mentioned on that statement.

Anyway, it's good to know that some people are not charged for that fee. I'll call to ask in details.

[IceQue]

for anyone with the CITI card, make sure you make your payments on time (ie, a week in advance). I woke up yesterday and realized my first payment was due the same day. I called and they said the payment would not go through the same day and that there is NO grace period.

So I had to go down to money mart before 1:30pm and make a western union payment (15$ charge) to make sure my payment went through that day to avoid the penalty of no more 0% interest which would also mean about 175$ interest charge that month and any future month that you kept the balance

What are you talking about? I always pay my bill on the day that it is due. through my online banking and I have never been charged interest.

[Hugh Jass]

for anyone with the CITI card, make sure you make your payments on time (ie, a week in advance). I woke up yesterday and realized my first payment was due the same day. I called and they said the payment would not go through the same day and that there is NO grace period.

I just had a look at my citi mc statements and my td account. The day I paid online through is the same posted on the citi statements. Every time.

[IceQue]

I just had a look at my citi mc statements and my td account. The day I paid online through is the same posted on the citi statements. Every time.

All he did was waste $15:cheesygri

[Hugh Jass]

All he did was waste $15:cheesygri

And stressed himself out.

[trini_2_d_bone]

I applied for the 0.9% until Feb 2009, and there is no B.T. fee.

[wpgguy99]

I just had a look at my citi mc statements and my td account. The day I paid online through is the same posted on the citi statements. Every time.

Actually for my Home Depot no int no pay, I had over 6K payment to make. Which I did. i called the next day to verify and they told me it takes them up to 5 days to figure it out. I did call subsequent days and it did take them that long to confirm payment.

What would happen if I had made the transfer before the due date but they never processed it on their end? I dunno and at 28% I would not want to find out.

Look at how many people are taking out tens of thousands in this thread alone and will not pay interest. These companies have to make their money somewhere and you can bet they'' hit you whenever they can.

Also I think I had a CITI card when I got furniture. And the guy warned me they had customers complain, if you're one minute late they don't care.

It may be true that people stress over nothing, but better to pay 15$ or pay earlier then get destroyed on huge interest.

[patrob]

1. apply here
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A



I guess there is nothing newer than this offer with the 0% ending in November 2008:?: I was hoping for January 09 - real 12 months >:(

[nanirina]

I just had a look at my citi mc statements and my td account. The day I paid online through is the same posted on the citi statements. Every time.

it depends on if the bank wants to reinforce the fact that payment must be received on that day. I know that MBNA did give me some issues before about paying on the day of. And of course with my US CCs, i got burned for paying on the day and had to pay $2xx worth of inteest charges that month. I was mad.

[theresa4444]

Word of warning, when using cheques from CITI, be sure they are numbered in the 1000's not 500 or 600 as only the 1000's are promotional rate cheques. We were told we were being sent promotional cheques, received cheques numbered 5xx, and when we used them they were treated as a cash advance (19.9%). Nice eh? We called, and were told the interest rate would be adjusted and the incorrect interest charged would be reversed, but 2 months later, still nothing has been done (big surprise?) and now we're getting the run around saying they have no authority to reverse the incorrect interest blah blah blah ...

[stevstevd]

All he did was waste $15:cheesygri


Maybe I did, maybe I didn't. All I know is that I had a no interest Visa for 6 months and paid on the same day and it only posted the following day. The next month I was charged 175$ for interest and my account went from 0% to the regular 18% or so. I could not get out of the payment and I lost my promotion.

SO THIS TIME, I actually called in to CITI to see what would happen and it seemed like a repeat of last time. Sure, I lost 15$ but I wasn't about to go through the bull$hit again and I don't think I was stressed for nothing.

My original post wasn't to complain, it was to give warning. It happened to me once, it can happen again. If you don't think so then do what you want, but for those who don't want to risk losing their promotion, I am just giving a heads up. Take my advice.

[stevstevd]

Word of warning, when using cheques from CITI, be sure they are numbered in the 1000's not 500 or 600 as only the 1000's are promotional rate cheques. We were told we were being sent promotional cheques, received cheques numbered 5xx, and when we used them they were treated as a cash advance (19.9%). Nice eh? We called, and were told the interest rate would be adjusted and the incorrect interest charged would be reversed, but 2 months later, still nothing has been done (big surprise?) and now we're getting the run around saying they have no authority to reverse the incorrect interest blah blah blah ...


I posted this same exact thing happened to me when I got those cheques. They send those first cheques hoping people mistake them for the promotional ones, use them, and not check there statements...I bet they make a tun of money on this.

Hopefully they fixed mine though, cuz they told me they would...I am definetly keeping my eye open.

[stevstevd]

Word of warning, when using cheques from CITI, be sure they are numbered in the 1000's not 500 or 600 as only the 1000's are promotional rate cheques. We were told we were being sent promotional cheques, received cheques numbered 5xx, and when we used them they were treated as a cash advance (19.9%). Nice eh? We called, and were told the interest rate would be adjusted and the incorrect interest charged would be reversed, but 2 months later, still nothing has been done (big surprise?) and now we're getting the run around saying they have no authority to reverse the incorrect interest blah blah blah ...

I just logged into my CITI mastercard account, and on my current activity there is a line that credits me my balance of 10500$ and then the next line that debits this same amount and it states "ADJUSTMENT TO LOW BALANCE TRANSFER RATE".

They have the power to change it. It makes me upset that they are allowed to do this.

1. First they send you your card, you activate it but aren't given any cheques.
2. Then they say you'll get the cheques in a few days.
3. They then purposefully send you cash advance (19.9%) cheques and hope you use it.
4. Then the promotional cheques come a week later.


Why else would they send 19.9% cheques first other than to try to trick you? No one would ever use the 19.9% cheques when they have 0% cheques, so why even send them let alone send them first.

[Tender]

How is the balance transfer done once you've got the card? Is it that you get 0% cheques that you can write to yourself and deposit into bank account? Or do you just call them up and tell them "I have $xxx balance here and there, please transfer them"?

Sorry for the stupid question as I've never done this before.

[theresa4444]

I posted this same exact thing happened to me when I got those cheques. They send those first cheques hoping people mistake them for the promotional ones, use them, and not check there statements...I bet they make a tun of money on this.

Hopefully they fixed mine though, cuz they told me they would...I am definetly keeping my eye open.

Sorry, I did a search but didn't find your posting...anyways, I, too, was told they would be fixing mine, then after 2 billing cycles, the backpedalling began. Now they're saying they didn't say it...I told them since they record all their calls to check the recording of my conversation with the CSR...you can guess the reply "we don't actually record all calls" (how convenient...)

Even when you're a good customer & pay your bills on time, you never win. You try to catch a deal now and then, but still get screwed by the thieves. No wonder so there's so much subprime problems...people just give up.

[theresa4444]

I just logged into my CITI mastercard account, and on my current activity there is a line that credits me my balance of 10500$ and then the next line that debits this same amount and it states "ADJUSTMENT TO LOW BALANCE TRANSFER RATE".

They have the power to change it. It makes me upset that they are allowed to do this.

1. First they send you your card, you activate it but aren't given any cheques.
2. Then they say you'll get the cheques in a few days.
3. They then purposefully send you cash advance (19.9%) cheques and hope you use it.
4. Then the promotional cheques come a week later.





Why else would they send 19.9% cheques first other than to try to trick you? No one would ever use the 19.9% cheques when they have 0% cheques, so why even send them let alone send them first.

EXACTLY !!!! And this is what I told the CSR's, why would I want to use a 19.9% cheque? As well, if I am told CITI will be mailing me promotional rate balance transfer cheques, then what am I supposed to assume is in the envelope when I receive it? Bottom line, you're right, it's all trickery. Ba$tards.

[stevstevd]

EXACTLY !!!! And this is what I told the CSR's, why would I want to use a 19.9% cheque? As well, if I am told CITI will be mailing me promotional rate balance transfer cheques, then what am I supposed to assume is in the envelope when I receive it? Bottom line, you're right, it's all trickery. Ba$tards.

So true...I knew I wouldn't be the only unlucky one too. Don't let up on trying to get your money back at least. If your anything like me you probably already did as much as you can do...but they reversed it for me (I think) so you can always tell them I did.

And for Tender - just make sure you use the right set of cheques if you do it that way. They'll send you a set of cheques along with a notice telling you they are 0%. They are in the 1000s, but who knows, they may have changed their codes. The other way is to call them up and they'll do the transfer for you. You can tranfer the balance to your bank account so its like doing a cash advance.

[bomber317]

Just got my card,

Credit limit is only $7800.

Already have a Platinum Enrich card for about $12k.

I filled out the balance transfer form to one of my credit lines. It was more than my credit limit, but I called CS and they said they transferred $7800 to the account. The 0% interest rate was confirmed, and it will be that way until January 2009.

I applied during the last week of December.

They said it takes 7-11 business days for the transfer to go through from the posted date which was January 4th.

Hope that gives enough information to everybody here.

[Tedder]

Just got my card,

Credit limit is only $7800.

Already have a Platinum Enrich card for about $12k.

I filled out the balance transfer form to one of my credit lines. It was more than my credit limit, but I called CS and they said they transferred $7800 to the account. The 0% interest rate was confirmed, and it will be that way until January 2009.

I applied during the last week of December.

They said it takes 7-11 business days for the transfer to go through from the posted date which was January 4th.

Hope that gives enough information to everybody here.

that's funny. We just activated my wife's citi Gold (she got $17,600).

They said it will take about 4-5 days to transfer into my chequing account and that we have 0% until just Nov....I wonder why you got Jan. '09?

Oh well...hopefully mine comes in tomorrow....should be at least as much as my wife got.

Pretty sweet deal....two weeks ago, we activated our mbna cards (total of $37,500) 0% for 15 months.

We put it all down on our Canadian Tire One & Only account. We'll write a cheque and pay them back in full when the offers expire.

Thanks OP!!

[ejej]

My wife got a MBNA 0% balance transfer offer in the mail.

Call 1-877-428-6060 an quote priority code BTZ9

Perhaps the OP could add it to the first post?

JVM

For how many months?

[patrob]

I was hoping for the CITI 0% card to be expiring sometime in Jan 09 real 12 months, not November 08. From the time they approve you, that's just about only 10 months :(

Maybe I should just wait for a new offer :confused:

[chaoticmonk]

just received the new citi 0% offer till jan 2009

q8x

[st7860]

courtesy of chaoticmonk, here is the newest 12 month code!!
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

[najibs]

courtesy of chaoticmonk, here is the newest 12 month code!!
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

Hot Deal, yet again! Link works. Oh well, I'm 0% until November. Good enough. For those that have not applied yet wondering if it still works, here is your chance.

[patrob]

courtesy of chaoticmonk, here is the newest 12 month code!!
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

Great news...extra 2 months...cool...thanks :razz:

I hope I don't have any problems applying again, since I already had the CITI card :D but canceled sometime in the summer but they said that if I wait a few months I can apply again...

[st7860]

PC Financial Mastercard is offering 0.97% for 5 months on new and existing accounts. no transaction fee.

[pogs]

Great news...extra 2 months...cool...thanks :razz:

I hope I don't have any problems applying again, since I already had the CITI card :D but canceled sometime in the summer but they said that if I wait a few months I can apply again...

I'm wondering the same thing. I just canceled a week or so ago.

Has anyone had any luck in applying under six months after canceling another citi card?
:|

[Thanh]

PC Financial Mastercard is offering 0.97% for 5 months on new and existing accounts. no transaction fee.

Existing accounts ? The offer I received is only for new signups.

[tabrisfreewill]

Hi guys, got a question about this. Don't you have to factor in the minimum monthly payments you've got to make for the balance transferred? And isn't that usually around 3% of total amount owing? There may not be much profit even if you put all the money into a GIC account and after you paid taxes.

[Tedder]

Hi guys, got a question about this. Don't you have to factor in the minimum monthly payments you've got to make for the balance transferred? And isn't that usually around 3% of total amount owing? There may not be much profit even if you put all the money into a GIC account and after you paid taxes.

on the citi card (I think it's 2.1% min. payment), since it's 0% interest, the whole monthly payment is a principal reduction.

[canadiandollars]

I'm wondering the same thing. I just canceled a week or so ago.

Has anyone had any luck in applying under six months after canceling another citi card?
:|

nope. i cancelled my citi card called in this morning and they said they couldn't approve me.. wtf!

[patrob]

nope. i cancelled my citi card called in this morning and they said they couldn't approve me.. wtf!

When did you cancel your CITI card?

I canceled mine 5 months ago & I asked the rep if I can re-apply for the same card in the future & was told that I need to wait at least 3 months or longer. I hope it works. I have my MBNA card to pay off by end of February:lol:

[canadiandollars]

When did you cancel your CITI card?

I canceled mine 5 months ago & I asked the rep if I can re-apply for the same card in the future & was told that I need to wait at least 3 months or longer. I hope it works. I have my MBNA card to pay off by end of February:lol:

cancelled about 3 months ago... still waiting. i guess the rep wasn't lying when she said you have to wait *at least* 3 months or longer. Not really a time range because 3 months or longer means you might wait for ever and not be allowed to reapply.

[patrob]

cancelled about 3 months ago... still waiting. i guess the rep wasn't lying when she said you have to wait *at least* 3 months or longer. Not really a time range because 3 months or longer means you might wait for ever and not be allowed to reapply.

Thanks... But did they actually decline you or are they still approving you but it's taking longer?

I hope for both of us it works out :lol:

[coolman217]

ok. i want to confirm things before I go apply for this card. basically I want to use it to pay off a portion of my student loan

1. Since balance transfers will be at 0% interest, meaning that purchases will be tacked at 19%?

2. Is the minimum payment each month is 2.1% of balance?

3. Should I pay at least 5 business days in advance before the due payment of each month, and at least 10 business days ahead for the last payment in full, so that should prevent having to pay any interest, no?

4. Other than the promotional cheque code (1000 vs "4" or "5"), is there anything else I should watch out for?


I've been reading it over and over and since this is my first time doing this, I hope I can get it right the first time without sustaining any unexpected charges. Thanks! :)

[alpenrock]

have just got an MBNA mastercard with 0%. There is one catch though - 1% upfront fee. Well, I guess that's acceptable
code BODX
CSR ASKED ME WHERE DID I GET THIS CODE I SAID I RECEIVES BY MAIL
AND ALSO i APPLIED FOR THE CITI BANK GOLD CARD 0%
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

[savin$'s]

I'm not into giving a dime if I can get it for free. I am trying again to get the CITI card for my wife. Applied in Dec. but never heard back from them. A girl I know signed up Dec. 25 and already got her card :(

I might get the wife to call em and see what's up, but the new Jan.2009 is looking sweet.

[chuppe]

I just applied for both cards and I have 2 questions regarding the process of investing it all in savings account

1- Instead of waiting for the cheques, I read that you can call and have the amount transferred directly in your account. Did anybody try doing a balance to a PCF account? Should I ask to transfer to my no-fee chequing account or can I get the transfer directly in my savings account?

2- Since there is a minimum payment each month, is there a possibility to do a new balance transfer each month to optimize the amount of "free money"? I know the MBNA minimum payment is only 10$, so not worth it. For Citi, it's 2%, so let's say I'm approve for 10K$, it's 200$ per month. Right after I pay the 200$, can I do another balance transfer for 200$? I'm not sure if you can do additionnal balance transfer throughout the 12 or 15 months duration of the deal or only at the beginning...

Thanks!

[porphyra]

Just got a pre-approved MBNA Platinum Plus Mastercard CC offer with 12 months, 0% Interest rate. Also, this has no annual fees.

This is what it says:

"0% Introductory Interest Rate for 12 months. No annual fee. Hurry- Offer expires February 15, 2008.
Simply call 1-877-428-6060 to apply and quite priority code BT3F."

So i guess you call the CSR at that number, give them the code, if they ask you, tell them you got it in the mail. I havent seen this code posted before but I assume its similar to the one posted above.

I believe there is a 1% Cash Advance Fee though.

[tabrisfreewill]

ok. i want to confirm things before I go apply for this card. basically I want to use it to pay off a portion of my student loan

1. Since balance transfers will be at 0% interest, meaning that purchases will be tacked at 19%?

2. Is the minimum payment each month is 2.1% of balance?

3. Should I pay at least 5 business days in advance before the due payment of each month, and at least 10 business days ahead for the last payment in full, so that should prevent having to pay any interest, no?

4. Other than the promotional cheque code (1000 vs "4" or "5"), is there anything else I should watch out for?


I've been reading it over and over and since this is my first time doing this, I hope I can get it right the first time without sustaining any unexpected charges. Thanks! :)

Just set up a pre-authorized payment.

[redflag]

My first time doing BT, and would appreciate if anybody could kindly confirm that I didn't miss anything

1. call citi to apply for the card, say I get 10K credit limit;
2. call citi to ask them to transfer 10K to my checking account;
Here, do I have to pay any type of fee for the transfer?
3. don't use this car for any purchase;
4. put the 10K into a GIC account, say I can get $500 at the end;
5. don't have to pay a dime during the whole promotion period;
I read citi's fineprints, and it says a min. payment of 2.1% is required. Since the interest is 0%, will this simply reduce the principla?

6. pocket the $500 cash, and pay off the balance(will below 10K due to the min monthly payment).

Thanks again,

[najibs]

5. don't have to pay a dime during the whole promotion period;
I read citi's fineprints, and it says a min. payment of 2.1% is required. Since the interest is 0%, will this simply reduce the principla?


You don't have to pay a dime in interest, but you still have to pay 2.1% of the balance on a monthly basis.

[redflag]

You don't have to pay a dime in interest, but you still have to pay 2.1% of the balance on a monthly basis.

thank you for the confirmation!

[ItemFinder]

5. don't have to pay a dime during the whole promotion period;
I read citi's fineprints, and it says a min. payment of 2.1% is required. Since the interest is 0%, will this simply reduce the principla?
To actually answer your question instead of another member who skimmed over your post (reading comprehension FTL!), the payments are applied towards the principal.

[najibs]

To actually answer your question instead of another member who skimmed over your post (reading comprehension FTL!), the payments are applied towards the principal.

same thing as I said. Your terminology is more proper, I'll give you that.

[cannon_fodder]

I applied in October and, because I don't have a landline, had nothing but trouble getting approval (have they ever heard of VOIP?) but finally received my card early this month along with the cheques. Thanks to others who posted, I knew not to use these cheques.

Instead of hoping that Citi wouldn't pull something that I couldn't validate, I decided not to call to do an over-the-phone transfer. Sure enough, as others stated, the 0.0% cheques (all 3 of them) arrived a week later.

Now, because it took them so long to get here, the offer is 0.0% until the end of November (the original offer would have ended by September).

Since our mortgage is coming up for renewal in September, I'm going to put it down on our mortgage and have a guaranteed return of about 5% after tax (prorated over 10 months).

I was a little disappointed in the relatively low amount of the Credit Line. Perhaps the crunch in the US has made them a bit more leery about extending it too much.

[Tedder]

My wife just got her first statement for her citi card. The only surprise was that they increased her limit by $2500.

I knew they'd increase the limit at some point, but I can't believe they did it before she even made one payment!

CHAAAA-CHINGGGG! More FREE money!!

[najibs]

My wife just got her first statement for her citi card. The only surprise was that they increased her limit by $2500.

I knew they'd increase the limit at some point, but I can't believe they did it before she even made one payment!

CHAAAA-CHINGGGG! More FREE money!!

Wow, strange. When did she apply and get her card? I'm surprised they gave me a measly $2700 credit limit, considering that a week AFTER I got the citi card, I applied for the Amex Gold 2% cash back and got approved for $6000, and Amex is supposedly tougher to get credit from. I already had an Amex Costco, so I'm sure that might have come into play. In any case, if I call Citi I wonder if they'd up the limit on my card? I heard that they wouldn't do it until you've had the card for at least 6 months, but clearly this was not the case for your wife.

[bubble.tea]

Wow, strange. ....... clearly this was not the case for your wife.

perhaps his wife has some *cough* tricks...up her sleeve. :D

[ERIKAAMORRIS]

perhaps his wife has some *cough* tricks...up her sleeve. :D

It isn't too hard to get these companies to up the limit. When I was with CITI, I was approved for 8K and asked for 15K and got it. When with MBNA, I was approved for 10K and requested 20K (and got 17K)

It's easy. Just tell them you have a 100K trust fund or some other mystery source of income.

[GTABuySell]

Why else would they send 19.9% cheques first other than to try to trick you? No one would ever use the 19.9% cheques when they have 0% cheques, so why even send them let alone send them first.

Just one more warning to people with 0% CITI cards.

I posted here a while back regarding a trick they used on my account. What they did was they deliberatedly tried TWICE to withdraw the full balance from my bank account after I set up pre-authorized payment on their system. The pre-authorized payment worked fine for 2 statements, then then boom...they tried to withdraw $10K+ from my bank account. I called and complained. Two days later, they did it again.

About 2 months later, they started charging me 18.x% interests. I wasted 2 hours on the phone before a manager agreed to refund me the interests in the next statement. They couldn't come up with a logical excuse, but to blame their system for the mistake (ironically, they told me their system was 100% accurate and reliable when it tried to withdraw the full balance from my bank).

1. Always check your monthly statements!
2. Don't use their pre-authorized payment system if you don't have to.
3. Don't waste time asking the CSR to make ANY corrections to your account/statements because AFAIK, either they can't do it or they are not trustworthy (from my experience). You will save yourself time and frustration if you can ask to speak to a Manager.

[redflag]

I applied in October and, because I don't have a landline, had nothing but trouble getting approval (have they ever heard of VOIP?) but finally received my card early this month along with the cheques. Thanks to others who posted, I knew not to use these cheques.

Instead of hoping that Citi wouldn't pull something that I couldn't validate, I decided not to call to do an over-the-phone transfer. Sure enough, as others stated, the 0.0% cheques (all 3 of them) arrived a week later.


Mind i asking what's wrong with the checks coming with the credit card?

Thanks

[alanbrenton]

Mind i asking what's wrong with the checks coming with the credit card?

Thanks

There are not the 0% BT cheques and if used, will be charged 18-19% per annum. The 0% BT cheques would have an accompanying letter saying they are so.

[Tranny]

What types of limits have people gotten with Citibank and with MBNA? Anyone get even close to the $100,000 limit with MBNA?

[Tedder]

Wow, strange. When did she apply and get her card? I'm surprised they gave me a measly $2700 credit limit, considering that a week AFTER I got the citi card, I applied for the Amex Gold 2% cash back and got approved for $6000, and Amex is supposedly tougher to get credit from. I already had an Amex Costco, so I'm sure that might have come into play. In any case, if I call Citi I wonder if they'd up the limit on my card? I heard that they wouldn't do it until you've had the card for at least 6 months, but clearly this was not the case for your wife.

whoops, I made a small mistake....it was her mbna card (we both got both within the last month). She applied in mid December, got the cash advance on Jan. 7.

We told each citi and mbna we have a household income of $135K and we got about $75K in credit (between both cards for each of us).

[wang61]

Hey everyone,

We just got a MBNA MC, with 4 months @ 0%, and then 9.9% after that.

Are there better deals still available? And if so, is it too late to change our agreement?

[najibs]

Hey everyone,

We just got a MBNA MC, with 4 months @ 0%, and then 9.9% after that.

Are there better deals still available? And if so, is it too late to change our agreement?

Yup, you sure missed the boat on a MUCH better deal. 15 months 0% interest.

[willy]

I received an offer from MBNA a while ago saying 1.99% Introductory Interest Rate (until Oct 2008) on Cheque Cash Advances and BT ...

What's the difference between the 2 ?? How can they/we tell ?

I see all the 0% deals are for BT only ...

[wang61]

Yup, you sure missed the boat on a MUCH better deal. 15 months 0% interest.

OK, anyone know if I can still get this deal?

[mbui]

Hello everyone. I just receive my Citi card. I called CSR to have the money transfer to my Bank Account. He said I can only use the money to pay another credit card. Is that right? I have a MBNA card and they DO transfer money to my Bank Account with the promotional rate. Help?...Thanks
:?:

[ps3hacker]

Hey everyone,

We just got a MBNA MC, with 4 months @ 0%, and then 9.9% after that.

Are there better deals still available? And if so, is it too late to change our agreement?

I applied in Dec for the MBNA MC and it arrived yesterday, with 0% until
Mar 2009.

Maybe you quoted the wrong code???

[wang61]

I applied in Dec for the MBNA MC and it arrived yesterday, with 0% until
Mar 2009.

Maybe you quoted the wrong code???

Which code is the one you used?

[ricedion]

cancelled about 3 months ago... still waiting. i guess the rep wasn't lying when she said you have to wait *at least* 3 months or longer. Not really a time range because 3 months or longer means you might wait for ever and not be allowed to reapply.

please update us if you can get the card again after 3 months since you cancelled your old card.

[st7860]

haha finally someone sued MBNA for their stupid 1% transacation fee being an illegal interest charge and the Ontario Coutt has certified it as a class action. so if they win everyone will get a ton of money back.
http://www.mbnaclassaction.ca

[Psilosin]

haha finally someone sued MBNA for their stupid 1% transacation fee being an illegal interest charge and the Ontario Coutt has certified it as a class action. so if they win everyone will get a ton of money back.

People always amaze me. MBNA is pretty much giving you a large chunk of cash to invest with or pay off higher rate debts for 12-15 months all for an insignificant 1% fee and someone has the balls to sue them for it. What an @sshole.

[redflag]

There are not the 0% BT cheques and if used, will be charged 18-19% per annum. The 0% BT cheques would have an accompanying letter saying they are so.

That's mean to mail those 19% checks with this 0% BT card.

Thanks for the headsup.

[redflag]

Hello everyone. I just receive my Citi card. I called CSR to have the money transfer to my Bank Account. He said I can only use the money to pay another credit card. Is that right? I have a MBNA card and they DO transfer money to my Bank Account with the promotional rate. Help?...Thanks
:?:

I haven't done it, but the CSR I talked to told me I can transfer the money into my banking account. I'm pretty sure about it. Also you'll probably find the confirmation in this thread.

[najibs]

I haven't done it, but the CSR I talked to told me I can transfer the money into my banking account. I'm pretty sure about it. Also you'll probably find the confirmation in this thread.

Alternatively, just write one of those 0% balance transfer cheques to yourself, and deposit it in your chequing account :twisted:

[mbui]

I haven't done it, but the CSR I talked to told me I can transfer the money into my banking account. I'm pretty sure about it. Also you'll probably find the confirmation in this thread.

Thanks...I'll call again and maybe another CSR will agree to do it..:)

[mbui]

Alternatively, just write one of those 0% balance transfer cheques to yourself, and deposit it in your chequing account :twisted:

Thanks Najibs...How long did it take you to receive those BT cheques? I didn't receive any cheques with my CITI credit card !!!:!:

[najibs]

Thanks Najibs...How long did it take you to receive those BT cheques? I didn't receive any cheques with my CITI credit card !!!:!:

Weird, I got some along when the card arrived but DONT use those for the 0% becasue they're not 0%. Use the SECOND set of cheques you get like 2 weeks after you get the card which will come along with a letter that clearly states they are 0%

[tunabob]

Applied MBNA card with BNOX code on new year eve. Received card yesterday with $15K credit :razz: I was offered to transfer money to my cheq acct immediately when I activated my card. :D My HSBC saving acct is offering 4.2% interest for now. that's 3.2% profit ;)

[imran909]

People always amaze me. MBNA is pretty much giving you a large chunk of cash to invest with or pay off higher rate debts for 12-15 months all for an insignificant 1% fee and someone has the balls to sue them for it. What an @sshole.

Actually NO, you need to read the article in the class action lawsuite. MBNA has charged its customers the so called "criminal" interest rate exceeding 60% per anum. The lawsuite regards to transactions happened in year 2003 and it irrevelent to the current 1% transaction and interest free scheme. It is a very interesting document and shows how these big suckers pocket money from the usual unknowing and innocent people.

[ancodia]

Applied MBNA card with BNOX code on new year eve. Received card yesterday with $15K credit :razz: I was offered to transfer money to my cheq acct immediately when I activated my card. :D My HSBC saving acct is offering 4.2% interest for now. that's 3.2% profit ;)

imo, that 4.2 profit a little misleading. Interest is taxed at your income tax rate (30-35% depending on your income level). so a 1/3 of your profit gone (I assume you have a job :) leaving you 3% in pocket). less 1% transfer fee leaves 2%. Inflation is around 2-3% per year, so while your money is earning 4.2% interest, it's value has actually decreased. For 2007 I believe the inflation rate was 2.5%. So best case you broke even, worst case your investment lost 1% (depending on your income level). The only way I can see this being worthwhile is if you use the lower interest rate money to pay down higher interest debt (like a 6% LOC etc).

iow,

profit 4.2% (on 15k = $630)
tax 1.2% ($207)
fee 1% ($150)
inflation loss 2.5 ($375)

net loss .5% or (-$102).

#'s based on 12 months.

[wpgguy99]

imo, that 4.2 profit a little misleading. Interest is taxed at your income tax rate (30-35% depending on your income level). so a 1/3 of your profit gone (I assume you have a job :) leaving you 3% in pocket). less 1% transfer fee leaves 2%. Inflation is around 2-3% per year, so while your money is earning 4.2% interest, it's value has actually decreased. For 2007 I believe the inflation rate was 2.5%. So best case you broke even, worst case your investment lost 1% (depending on your income level). The only way I can see this being worthwhile is if you use the lower interest rate money to pay down higher interest debt (like a 6% LOC etc).

iow,

profit 4.2% (on 15k = $630)
tax 1.2% ($207)
fee 1% ($150)
inflation loss 2.5 ($375)

net loss .5% or (-$102).

#'s based on 12 months.



One question though, in these cases wouldn't the inflation be removed because "It's not your money"?

[Woofy]

imo, that 4.2 profit a little misleading. Interest is taxed at your income tax rate (30-35% depending on your income level). so a 1/3 of your profit gone (I assume you have a job :) leaving you 3% in pocket). less 1% transfer fee leaves 2%. Inflation is around 2-3% per year, so while your money is earning 4.2% interest, it's value has actually decreased. For 2007 I believe the inflation rate was 2.5%. So best case you broke even, worst case your investment lost 1% (depending on your income level). The only way I can see this being worthwhile is if you use the lower interest rate money to pay down higher interest debt (like a 6% LOC etc).

iow,

profit 4.2% (on 15k = $630)
tax 1.2% ($207)
fee 1% ($150)
inflation loss 2.5 ($375)

net loss .5% or (-$102).

#'s based on 12 months.

I do not buy the inflation loss part. Our inflation is measured based on a basket of goods, and not everything in that basket of goods applies to everyone.

The CPI at best is a guide, but definitely not something that we should revere.

Nothing we can do much about the tax rate... But I always feel that even if I get taxed $0.50 for every additional dollar I earn, I still come out ahead $0.50 moneywise.

And I am sure we can all use an extra $375 (the inflation figure used by ancodia) in our bank account and pockets.

Of course, if you have to spend way too much time to earn that amount of interest, then it's a whole different story altogether.

[recordman]

Shouldn't it be ($630 - $150 (tax deductible because the loan is for an investment?)) * 70% = $336 in the pocket? The inflation would apply to your own money, which none of this is.

imo, that 4.2 profit a little misleading. Interest is taxed at your income tax rate (30-35% depending on your income level). so a 1/3 of your profit gone (I assume you have a job :) leaving you 3% in pocket). less 1% transfer fee leaves 2%. Inflation is around 2-3% per year, so while your money is earning 4.2% interest, it's value has actually decreased. For 2007 I believe the inflation rate was 2.5%. So best case you broke even, worst case your investment lost 1% (depending on your income level). The only way I can see this being worthwhile is if you use the lower interest rate money to pay down higher interest debt (like a 6% LOC etc).

iow,

profit 4.2% (on 15k = $630)
tax 1.2% ($207)
fee 1% ($150)
inflation loss 2.5 ($375)

net loss .5% or (-$102).

#'s based on 12 months.

[Tender]

One question though, in these cases wouldn't the inflation be removed because "It's not your money"?

+1. The money is borrowed from the credite card, not from your own pocket, i.e. you borrow $10,000 and pay back $10,000. Nothing related to inflation here.

[humansoul]

Hey all....I tried to do a search, but couldn't find anything relevant to my question. I am interested in applying for this card and take advantage of the 0% interest til Jan 09, but I'm not interested in adding another card to my wallet and would rather switch up my Seneca MBNA to this. Even though it's not Citi-Bank but from MBNA itself, would they allow this?

I rather not get a credit hit where I'll have to cancel my Seneca MBNA and for them to start the Citi-bank MC. On a side note, I cancelled my Citi-Bank Petro Canada MC a while ago, could they just look at that history to determine my application approval?

Thanks in advance for any assistance!

[najibs]

Hey all....I tried to do a search, but couldn't find anything relevant to my question. I am interested in applying for this card and take advantage of the 0% interest til Jan 09, but I'm not interested in adding another card to my wallet and would rather switch up my Seneca MBNA to this. Even though it's not Citi-Bank but from MBNA itself, would they allow this?

I rather not get a credit hit where I'll have to cancel my Seneca MBNA and for them to start the Citi-bank MC. On a side note, I cancelled my Citi-Bank Petro Canada MC a while ago, could they just look at that history to determine my application approval?

Thanks in advance for any assistance!

The only way to really find out is to call them up, and ask.

[tunabob]

Shouldn't it be ($630 - $150 (tax deductible because the loan is for an investment?)) * 70% = $336 in the pocket? The inflation would apply to your own money, which none of this is.

I wonder if CRA allows we claim the $150 as interest for an investment? Very curious.

[smihaila]

Yes, they do. As long as you can clearly demonstrate that the whole balance transfer was used for investment purposes.

Some provinces allow to deduct that part, too, Quebec for example. But only against some investment income you gained (i.e. interest income, capital gains, dividends). If you don't have enough to deduct against, you could carry the difference over the next x years (x=3?)

[humansoul]

1/17/2008 from chaotic monk
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

MBNA 0% for 12 months(BNOX, Jan 17 2008)

MBNA CODE 1/8/2008 from JVM, see below:
"My wife got a MBNA 0% balance transfer offer in the mail.
Call 1-877-428-6060 an quote priority code BTZ9"



Can anyone tell me the difference between the online application that chaotic monk posted and the call-in code(BTZ9)? I'm interested in apllying for this card but would like to ensure to get the Jan 09 BT 0% int rate.

I guess I'd like to find out for sure if I'm pre-approved and the best option would be via the phone...but just want to ensure this is the best option.

thanks!

[najibs]

Can anyone tell me the difference between the online application that chaotic monk posted and the call-in code(BTZ9)?

One offer is from Citibank, and the other is from MBNA. Two totally different entities. The one from MBNA cannot be done online. It is via telephone only.

[Tedder]

These 0% offers are great, but I'd be less excited if I was getting the $$$$ and investing it in a high-interest savings account....sure, you'll come out ahead, but the real savings (like mentioned a few posts back) is when you put your advance against a LOC so that you can just write a cheque and pay it back in full when the intro offer expires.

Between my wife and I, we have just maxed out the Citi and MBNA cards (about $70K) that we both got since Christmas and applied it to our Canadian Tire One and Only account (basically a LOC which is at prime). When our offers expire, we write a cheque and pay back and in the meantime, that money has worked for us a prime. Assuming prime is 6%, we should save around $4000.

I know most people aren't getting credit limits that high, but my point is that these offers are best when applied to debt (other than your mortgage where you'd have to refi and incur legals to get your money back out).

[alanbrenton]

These 0% offers are great, but I'd be less excited if I was getting the $$$$ and investing it in a high-interest savings account....sure, you'll come out ahead, but the real savings (like mentioned a few posts back) is when you put your advance against a LOC so that you can just write a cheque and pay it back in full when the intro offer expires.

Between my wife and I, we have just maxed out the Citi and MBNA cards (about $70K) that we both got since Christmas and applied it to our Canadian Tire One and Only account (basically a LOC which is at prime). When our offers expire, we write a cheque and pay back and in the meantime, that money has worked for us a prime. Assuming prime is 6%, we should save around $4000.

I know most people aren't getting credit limits that high, but my point is that these offers are best when applied to debt (other than your mortgage where you'd have to refi and incur legals to get your money back out).


I'm impressed. You have an unsecured LOC at prime? Mine is at prime + 0.5 .

[Tedder]

I'm impressed. You have an unsecured LOC at prime? Mine is at prime + 0.5 .

I wish, no the CTO&O is secured (basically an LOC with the ability to build a mortgage within it). My unsecured LOC is with BMO at P+1.00%. :(

[Hugh Jass]

Between my wife and I, we have just maxed out the Citi and MBNA cards (about $70K)

Did you get high limits straight away or did you ask for an increase?

[najibs]

Did you get high limits straight away or did you ask for an increase?

Getting a high limit is only something that can be achieved over time by making your payments on time and having had accounts open for a long time. I'm assuming Tedder is middle aged, mid-30's or above.

[Tedder]

Getting a high limit is only something that can be achieved over time by making your payments on time and having had accounts open for a long time. I'm assuming Tedder is middle aged, mid-30's or above.

I'm late 30's...wife mid 30's, both with very clean credit. I told them we have a household income of $135K. There is no confirmation of income req'd.

That was our original limit. Wife got an increase on her first MBNA statement of another $2500.

[Tiggs]

I've been following this thread for quite awhile and finally applied for the card a few weeks ago. The card came yesterday (Citi) but there were no cheques with it. I know the 0% cheques come a few weeks after the card but I thought I read that others got their first set of cheques with the card. Is that correct or did the first sets of high interest cheques come after the card? Just trying to figure out if I should give them a call enquiring about the 0% balance transfer cheques.

[najibs]

I've been following this thread for quite awhile and finally applied for the card a few weeks ago. The card came yesterday (Citi) but there were no cheques with it. I know the 0% cheques come a few weeks after the card but I thought I read that others got their first set of cheques with the card. Is that correct or did the first sets of high interest cheques come after the card? Just trying to figure out if I should give them a call enquiring about the 0% balance transfer cheques.

You'll get the 0% BT cheques in about 2 weeks. Along with those cheques is the letter informing you of the 0% BT offer, which does not come with the card. At first I wondered, since there was no documentation of 0% BT in any of the materials the card came with, but it came with the 0% cheques.

[zkool448]

Just call their CSR 1-800 number and request over the phone to transfer the 0% Balance Transfer dollar amount to your chequing account (have a cheque book ready when they ask you for the acct info).

You'll find the funds in your account within a few business days, and yes this is for 0% interest until Nov-8-2008.

[alanbrenton]

I applied for the 0% BT in July last year which had a May 2008 promotional period end. Citibank increased the credit limit this month and I subsequently requested for another BT only to find out that the 0% interest rate is good until July 24.

It turns out that Citibank is giving me a full year at 0% interest. Make sure you don't pay off the amount too soon or at least confirm with a CSR when your 0% rate actually ends.

[blazerzr2]

Just wondering if the BODX code for the MBNA 0% for 15 months BT deal is still valid?

Was looking to try this either today or tomorrow for me and the wife.

Can anyone confirm?

Thanks.

[chuppe]

Just wondering if the BODX code for the MBNA 0% for 15 months BT deal is still valid?

Was looking to try this either today or tomorrow for me and the wife.

Can anyone confirm?

Thanks.

It worked for me last week :)

[HockeyFan]

Thanks to this thread I applied last week and got $20,000 credit limit. Gonna get rid of my student loans while the 0% is still good then get rid of this thing. lol

[pogs]

weird, they declined my app because I already had a card...so I canceled thinking I was going to reapply....then heard that must wait 3 months or so.

So forgot about it...then about 3 weeks after applied, received card....ah well. I guess sometimes the right hand doesn't know what the left hand is doing. :cheesygri

[bs9999]

When speaking to a CSR and they ask for the accompanying "telephone code" after my giving the MBNA 4-character promo code, what do i say?

[mark_in_2k]

When speaking to a CSR and they ask for the accompanying "telephone code" after my giving the MBNA 4-character promo code, what do i say?I had that too. The CSR said it should be on the letter I received (I didn't get one, just used this thread for the code), and I told him that I didn't have the letter with me. He said no problem.

But, then he said that the offer was for something like 1.9% over 15 months, not 0%. I told him that it was 0%, he "checked", then said I was right. So, be careful that you get the correct rate.

[patrob]

Well, I applied 10 days ago for the CITI card & application approval is still pending>:( I canceled my previous CITI card back in Aug., so we'll see if they approve me again :|

[bs9999]

Thanks for the reply mark....

BTW, i called them and to confirm for everyone BODX still works...it is 0% for 15 months (1% trans fee)...They approved on the spot ... i called the 1-866-544-4104. They did not ask for a telephone code (just the promo code). The rep explained the promo code confirming the BODX legitimacy. After providing answers to general application questions they then transfer you to a credit review rep who pulls your file and asks you questions to find out where your extra income is coming (to clarify information from your report), etc....And then they tell you your credit limit and your done.

Thanks everyone for your help...



I had that too. The CSR said it should be on the letter I received (I didn't get one, just used this thread for the code), and I told him that I didn't have the letter with me. He said no problem.

But, then he said that the offer was for something like 1.9% over 15 months, not 0%. I told him that it was 0%, he "checked", then said I was right. So, be careful that you get the correct rate.

[redflag]

Alternatively, just write one of those 0% balance transfer cheques to yourself, and deposit it in your chequing account :twisted:

But those 0% BT cheques arrive 2 weeks later than the card, right? I can earn some more interest if I call them up and ask them to do the work.

By the way, we don't have to call to request those 0% BT cheques, do we? I think not, but just to confirm.

Thanks

[jhyang23]

Where are you guys investing this free money for a year?
Anything better than 4-5% from the some of the savings account?
New Zealand GIC from TD seems good, but have no idea how it works.

[animatic]

I was approved today. Woo!

My limit is 7000. I was hoping for 10-12000. Is there any point in calling and seeing if they could up it to that much? Maybe this isn't the kind of thing you can haggle over...

[najibs]

I was approved today. Woo!

My limit is 7000. I was hoping for 10-12000. Is there any point in calling and seeing if they could up it to that much? Maybe this isn't the kind of thing you can haggle over...

Apparently you have to wait 6 months in order to TRY to get a credit increase. Take what they've given you at this point.

[Hugh Jass]

I was approved today. Woo!

My limit is 7000. I was hoping for 10-12000. Is there any point in calling and seeing if they could up it to that much? Maybe this isn't the kind of thing you can haggle over...

Ye never know until you try. A phone call wouldn't hurt. Citi cs is fast, should take about 2 mins to get your answer. Let us know.

[animatic]

True! I'll give them a call tomorrow and see what they say.

[Jucius Maximus]

I phoned up Citi Mastercard. Their applications line is 888.899.1230.

They say that this 0% until Nov 2008 is still valid, even though the fine print says you have to get your application in before Dec 31, 2007.

They also say that they have a new offer on their "Gold" Mastercard for 0.9% until Jan 2009 with no BT fee. You can apply for it over the phone or online, but I am not sure of the URL.

I phoned up Citi MasterCard today and they confirmed that I was approved as of Jan 21.

And yes, I used the T7A (http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A) code on Jan 08, even though it claims you should have to send in the application before Dec 31.

The guy on the phone was unable to confirm the credit limit or interest rate.

I should be receiving the physical card soon.

[animatic]

The CSR said I had to wait 6 months until I could get a credit increase, but I got the feeling this was negotiable. I might try one more time on Monday. :)

[chuppe]

The CSR said I had to wait 6 months until I could get a credit increase, but I got the feeling this was negotiable. I might try one more time on Monday. :)

I received my card this week and I called this morning since the limit on the card was lower then what I have on another card. I asked for 5K more then the highest limit I have and they approved it :) They didn't ask much since they already had everything on file from my application. I guess it depends on your situation. If they already gave you as much as you qualify for, then you'll have to wait.

[chuppe]

Is there a limit to the number of balance transfers you can do with the MBNA and Citi cards and still be at 0%?

Let's say I have a 20K limit

With MBNA, there will be a 1% transaction fee. Can I make an additionnal 200$ transfer after the first statement? (I know, you can't transfer 20K, it has to be a little less to avoid being over the limit, but I felt like using nice round numbers)

With Citi, I think the minimum payment each month is around 2%. Could I make an additionnal balance transfer of 400$ each month after making the minimum payment?

Thanks!

[pigqq]

Saving interest rate dropped again!

PC financial Intereste Plus
daily balance annual rate (%)
$0 - $1,000.00 1.00
$1,000.01 and up 3.85

[bell02fantasy]

Saving interest rate dropped again!

PC financial Intereste Plus
daily balance annual rate (%)
$0 - $1,000.00 1.00
$1,000.01 and up 3.85

i dont see the 18 month mbna offer....just 12 months

[rotchm]

The CSR said I had to wait 6 months until I could get a credit increase, but I got the feeling this was negotiable. I might try one more time on Monday. :)

I called too, the csr insisted on No. Asked to be transfered to the credit increase dept....he finally accepted to transfering me there. Asked for increase. Friendly arguing for 15 min comparing my limits with theirs and my good credit history, and they maintain their position No. So I say its just to use their low percentage rate transfer, transfer a 5k to my other credit card and put some $ in my RSP...she said Oh...wait then, we may be able to help you... Ok increased by 5k ! :)

You now have a few magic words ;)

[Hugh Jass]

So I say its just to use their low percentage rate transfer, transfer a 5k to my other credit card and put some $ in my RSP...she said Oh...wait then, we may be able to help you... Ok increased by 5k ! :)



Weird. I guess they think some people will miss a minimum payment at some stage and the higher rate will kick in.

[bubble.tea]

Weird. I guess they think some people will miss a minimum payment at some stage and the higher rate will kick in.

SET UP YOUR AUTOMATIC-PRE-AUTHORISED PAYMENTS from the CC side for the minimum payments, and don't worry about it anymore for the entire period.


Set quadruple back-up reminders for the FINAL month, and pay it all off then.

DONE>

[Ron]

Weird. I guess they think some people will miss a minimum payment at some stage and the higher rate will kick in.

I think the credit department is not the marketing department. They are willing to give you more credit if you use it to pay down other loans because it means that the total amount you owe would remain about the same and you'll still be able to handle it.

[patrob]

Finally got my 2nd 0% CITI card with $17,600 limit :razz::cheesygri I canceled my orig. card 5 months ago, so looks like it works. You just have to wait at least 3 months & can re-apply again!

[Jucius Maximus]

I phoned up Citi MasterCard today and they confirm that I was approved as of Jan 21.

And yes, I used the T7A (http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A) code on Jan 08, even though it claims you should have to send in the application before Dec 31.

The guy on the phone was unable to confirm the credit limit or interest rate.

I should be receiving the physical card soon.
Got my card today. I requested a $10K limit but I only got $8600.

The CSR said that the 0% rate was valid for 12 months from the date the balance transfer takes place.

He confirmed that the charge for balance transfers on my account is 0%, even though some other offers and accounts have rates of 1.5% or 1.0%.

[konfusion666]

Question: any special procedure that needs to be followed to cancel the Citi MC, or should I just call up the general CSR line after work and do it over the phone?

[Ryu69]

i know the citi one doesn't have any additional fees, does the MBNA 0% bank transfer deal have any transaction fees? or any fees to transfer the money from the credit card to my bank account?

[najibs]

i know the citi one doesn't have any additional fees, does the MBNA 0% bank transfer deal have any transaction fees? or any fees to transfer the money from the credit card to my bank account?

yes, 1%

[patrob]

Question: any special procedure that needs to be followed to cancel the Citi MC, or should I just call up the general CSR line after work and do it over the phone?

Yes, just call them & cancel. Wait 4 months or more & re-apply :D

[cerebus666]

I just got off the phone trying to apply for the citi gold gard and they said the rate was 0.9%. I got it in the mail but have misplaced it so I tried calling. Any ideas for me to get it?

[najibs]

I just got off the phone trying to apply for the citi gold gard and they said the rate was 0.9%. I got it in the mail but have misplaced it so I tried calling. Any ideas for me to get it?

read the first post in this thread ;)

[fl4wless]

My bro is a med student and has a large 80k LOC (in addition to his govt student loans). My parents each applied for the citi and received over 45k together, and are thinking about getting the mbna as well. Can they just cut the balance transfer cheques to my bro and then he can pay off a huge chuck of his LOC? Trust issues arent a concern or apart of the question here, nor is the credit hit they may face, but just wondering when it says balance transfer does it have to be to an account in your name? Or can they basically make large lump sum cheque to my bro? I think he could save 4-5k if they obtained similar amounts from mbna.

Thanks for any help.

[Hugh Jass]

but just wondering when it says balance transfer does it have to be to an account in your name? Or can they basically make large lump sum cheque to my bro?

Don't know the answer, but surely it doesn't make a difference. Just get them to transfer into their own account and cut your bro a cheque from that.

[pogs]

My bro is a med student and has a large 80k LOC (in addition to his govt student loans). My parents each applied for the citi and received over 45k together, and are thinking about getting the mbna as well. Can they just cut the balance transfer cheques to my bro and then he can pay off a huge chuck of his LOC? Trust issues arent a concern or apart of the question here, nor is the credit hit they may face, but just wondering when it says balance transfer does it have to be to an account in your name? Or can they basically make large lump sum cheque to my bro? I think he could save 4-5k if they obtained similar amounts from mbna.

Thanks for any help.

fl4less, your icon is HILARIOUS....ROFLMAO. :cheesygri

[cannon_fodder]

I just completed the full limit balance transfer on Jan. 24th. What should I expect to see in terms of a due date for my 1st payment? How are you guys paying your charges - are you setting up a bank account in Citi's ebilling system, or are you going to your bank account and setting up Citi as a payee?

I probably won't be in town when my statement arrives in the mail so I want to be sure I do this right...

[pogs]

I just completed the full limit balance transfer on Jan. 24th. What should I expect to see in terms of a due date for my 1st payment? How are you guys paying your charges - are you setting up a bank account in Citi's ebilling system, or are you going to your bank account and setting up Citi as a payee?

I probably won't be in town when my statement arrives in the mail so I want to be sure I do this right...

The first time I did a balance transfer, I too worried about this very issue. Since I didn't want to wait around for a statement to arrive and tell me that I was late the min payment. I just made a payment right away for some amount. I think it was just above the 2% min payment. This was just in case something happened to the statement, and I didn't receive it on time.

Then once I got my first statement, I deducted the amount I paid and then calculated the 2% min payments spread out over the remaining 11 months, and setup auto payments...right up until the very last months payment of the entire remaining balance.

However, I was always sure to check and double check my statements to make sure everything was humming along smoothly. Whew!!!! :cheesygri

[pogs]

weird, they declined my app because I already had a card...so I canceled thinking I was going to reapply....then heard that must wait 3 months or so.

So forgot about it...then about 3 weeks after applied, received card....ah well. I guess sometimes the right hand doesn't know what the left hand is doing. :cheesygri

So, about 10 days after I rec'd the card, I got both the reg balance transfer cheques and the 0% bal transfer cheques. Those sneaky basta's didn't count on me rec'g both bal transfer cheques on the same day....or being and RFD'er. LOL :cheesygri

Now, should I call in to do the bal transfer or use the cheques? Which is the easiest, least hassle way to go. I wish they had done it, when I applied. That's how I did it last time.

So does the year start when I do my balance transfer or does it end in some month in 2008...can't remember which offer I applied to. :(

[humansoul]

So, about 10 days after I rec'd the card, I got both the reg balance transfer cheques and the 0% bal transfer cheques. Those sneaky basta's didn't count on me rec'g both bal transfer cheques on the same day....or being and RFD'er. LOL :cheesygri

Now, should I call in to do the bal transfer or use the cheques? Which is the easiest, least hassle way to go. I wish they had done it, when I applied. That's how I did it last time.

So does the year start when I do my balance transfer or does it end in some month in 2008...can't remember which offer I applied to. :(

i've done transfers both ways...but I would save the cheques in case you need to do one later on...so at least you have no fee cheques. I personally don't think you would get hassles to do a BT since they want your money.

As for the offer, from my understanding, if it's an Citibank MC then it's til Jan 08 and MBNA MC it's until Mar/April (correct me if I'm wrong). The year does not start when you do the BT, so better do it earlier than later.

[patrob]

My bro is a med student and has a large 80k LOC (in addition to his govt student loans). My parents each applied for the citi and received over 45k together, and are thinking about getting the mbna as well. Can they just cut the balance transfer cheques to my bro and then he can pay off a huge chuck of his LOC? Trust issues arent a concern or apart of the question here, nor is the credit hit they may face, but just wondering when it says balance transfer does it have to be to an account in your name? Or can they basically make large lump sum cheque to my bro? I think he could save 4-5k if they obtained similar amounts from mbna.

Thanks for any help.

That's a great idea. Yes they should also apply for the MBNA card even with the 1% transfer fee. They can do the balance transfer into their bank account & then they write a cheque to your brother. Once he deposits the money, he can pay off anything he wants :cheesygri

[Tender]

i've done transfers both ways...but I would save the cheques in case you need to do one later on...so at least you have no fee cheques. I personally don't think you would get hassles to do a BT since they want your money.

As for the offer, from my understanding, if it's an Citibank MC then it's til Jan 08 and MBNA MC it's until Mar/April (correct me if I'm wrong). The year does not start when you do the BT, so better do it earlier than later.

Just got my Citi card and activated. I've never done a balance transfer before since I don't carry a balance, so please forgive the stupidity of my question:

1. Can I just call them and ask to transfer money directly to my chequeing account? Or do you have to have a balance somewhere to qualify for the 0%?

2. My wife has an LOC. Can I send money in there?

3. Is there any hidden fee in the transactions?

Much appreciated.

[patrob]

I just completed the full limit balance transfer on Jan. 24th. What should I expect to see in terms of a due date for my 1st payment? How are you guys paying your charges - are you setting up a bank account in Citi's ebilling system, or are you going to your bank account and setting up Citi as a payee?

I probably won't be in town when my statement arrives in the mail so I want to be sure I do this right...

Yes, I set up CITI MC as the payee on my TD EasyWeb banking. You can also access your CITI statement online & see when the due date is.

[Woofy]

Noticed that some people are still applying for the citi gold card that has 0% balance transfers till Nov 2008, even though there is 0% BT till January 2009 available.

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

The code I received was the second one: B8W. The first one was found in OP's first post.

I applied online, and got approved. Limit is $17.6k. Intend to use the money for investment. :D

[Hugh Jass]

I applied online, and got approved :D

How long does online approval take?

[wpgguy99]

Noticed that some people are still applying for the citi gold card that has 0% balance transfers till Nov 2008, even though there is 0% BT till January 2009 available.

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

The code I received was the second one: B8W. The first one was found in OP's first post.

I applied online, and got approved. Limit is $17.6k. Intend to use the money for investment. :D

Thanks for the newer summary since this thread is so long.

But how do you know you will get the cheques and ability to transfer? Do they need to have it on a credit card to get the transfer? How does the process work and how involved are they?

I have had credit cards but I never did transfers, thanks for the help in advance.

[humansoul]

Just got my Citi card and activated. I've never done a balance transfer before since I don't carry a balance, so please forgive the stupidity of my question:

1. Can I just call them and ask to transfer money directly to my chequeing account? Or do you have to have a balance somewhere to qualify for the 0%?

2. My wife has an LOC. Can I send money in there?

3. Is there any hidden fee in the transactions?

Much appreciated.

1 and 2 - You can call them and navigate to the Balance Transfer menu; from there you'll likely get someone in customer service. Ask them you want to do a balance transfer and then they'll ask to what account (provide the number) and the amount

3 - Pretty sure there are no fees based on the thread. I've done BT before on the phone and have never seen any fees.

[finstudent84]

edit

[Woofy]

How long does online approval take?

Mine took a week, even though they mentioned on the website that it could take as long as 6 weeks.

As some RFDers said, if you want it fast, you should call them on the phone. The number I have on my letter is 1-866-848-9548

I don't like calling in as I get impatient and bored with hearing their credit insurance sales pitch. :|

[Woofy]

Thanks for the newer summary since this thread is so long.

But how do you know you will get the cheques and ability to transfer? Do they need to have it on a credit card to get the transfer? How does the process work and how involved are they?

I have had credit cards but I never did transfers, thanks for the help in advance.

If you apply for this specific promotional offer, then you will get the BT cheques and can use the cheques to transfer the money out of the Citi credit card, and either use it to pay down debt, or for investment purposes.

Citi will send you cheques once you are approved. But keep in mind that they can be sneaky as many of the RFDers have mentioned, in that they send the normal BT cheques with your new card (Normal meaning interest rates at 18 to 19%)...

Usually a week or two later, the 0% cheques will arrive in a separate envelope. Only use these specially marked 0% interest rate cheques, and use them like you would a normal bank cheque.

I am not entirely sure what you really mean by "how involved are they", so I will refrain from answering that question.

Hope this helps.

[Woofy]

i work at one of the big 5 banks and have a staff CC at prime minus .50%, which i used to finance about 10k for tuition.

back in in august i opened a pc mastercard and transferred the balance at 1.97% for 6 months. now that is ending, i can transfer the balance back to my staff CC (pc won't match or extend their promo) but would rather transfer what's remaining to a lower interest-bearing account to pay the principal down quicker.

where i work i have access to my beacon score which was 780 before opening the pc m/c and dipped to 730 when they checked my credit - my beacon score has now raised back to 750.

so anyway, do these citi bank or mbna CC involve a credit check? i ask because where i work we offer pre-approved credit products that don't require a credit hit. i've been reading the thread. do all i need to do is call in a quote on of these codes to get a card?

i want to claim i've received one these letters and get myself a real low interest rate but hate the idea of my credit score getting hammered again.

thanks,


Wow... I work at one of the Big 5 banks too, and my employee credit card interest rate is 11%... :| Never used that card... Just hold it for ultra emergency purposes.

My letter from Citi said I have been pre-selected, not pre-approved. So, I assume they did a credit check.

Personally, I will not let the idea of a short term lower credit score get in the way of using interest free money for investment purposes. A credit score is just a score.

If you have always been fiscally responsible, and you know that it goes up after a few months, so why let it bother you that much? Unless you are going to apply for a mortgage real soon, then that is a totally different story.

[pogs]

Wow... I work at one of the Big 5 banks too, and my employee credit card interest rate is 11%... :| Never used that card... Just hold it for ultra emergency purposes.

My letter from Citi said I have been pre-selected, not pre-approved. So, I assume they did a credit check.

Personally, I will not let the idea of a short term lower credit score get in the way of using interest free money for investment purposes. A credit score is just a score.

If you have always been fiscally responsible, and you know that it goes up after a few months, so why let it bother you that much? Unless you are going to apply for a mortgage real soon, then that is a totally different story.

what about if my mortgage comes up for renewal Dec 2009...should I clear up all my debt prior to that time?

Does it take a few months for the credit checks to clear off my credit score?

Basically, should I be worried that when I go to renew my mortgage, will it be a problem that I have this citi mastercard 0% card?:confused:

[Tender]

1 and 2 - You can call them and navigate to the Balance Transfer menu; from there you'll likely get someone in customer service. Ask them you want to do a balance transfer and then they'll ask to what account (provide the number) and the amount

3 - Pretty sure there are no fees based on the thread. I've done BT before on the phone and have never seen any fees.

Thanks humansoul. So that means you can transfer to whatever account you like, not just some other credit cards that you owe money? I'm asking this since the paper says "balance transfer", and I don't want to get caught and pay interests. Thanks.

[st7860]

1. hints for applying for a second card.
use the CORRECT birthday, but vary the other information. for example if you live in apartment 30 on 253 main street, then change it to "Unit 30, 253 main street" or "253 main st, room 30" and so on.

2. don't worry about the credit check for MBNA or CITI. so what if it generates an inquiry on your report, that doesn't change anything unless you do it like 10 times a week.

[finstudent84]

Wow... I work at one of the Big 5 banks too, and my employee credit card interest rate is 11%... :| Never used that card... Just hold it for ultra emergency purposes.

My letter from Citi said I have been pre-selected, not pre-approved. So, I assume they did a credit check.

Personally, I will not let the idea of a short term lower credit score get in the way of using interest free money for investment purposes. A credit score is just a score.

If you have always been fiscally responsible, and you know that it goes up after a few months, so why let it bother you that much? Unless you are going to apply for a mortgage real soon, then that is a totally different story.
edit

[MtX]

Hmmmmm, min. $15,000 annual income, what's the next best CC for students?

[cywhiz]

I got the 0% BT promotion back in July '07. Do I have to pay back the TOTAL balance (credit limit) before July '08?

Also, I want to apply again for Jan. 09 0% BT. Do I have to cancel old card first then apply new one, or can I keep two gold cards at the same time? Can I just call the rep, tell him/her new code, and extend the 0% BT promotion to Jan '09?

Thanks for any help!

[pogs]

I got the 0% BT promotion back in July '07. Do I have to pay back the TOTAL balance (credit limit) before July '08?

Also, I want to apply again for Jan. 09 0% BT. Do I have to cancel old card first then apply new one, or can I keep two gold cards at the same time? Can I just call the rep, tell him/her new code, and extend the 0% BT promotion to Jan '09?

Thanks for any help!

It's possible but not in every case. Some folks have posted that they talked to a cs person and they extended their expiry date for the next year of the new code. However, some people, like myself were told by a cs person that it's only for new card-holders. That is the reason I received the rejection letter. So I canceled my existing card, with the intention of applying again...only to receive the card a few weeks later. Go figure, I guess they really want to get these cards in the hands of consumers.

Regarding your experience with the date your balance transfer started and when it ends...not sure. I guess you could call in and ask. I thought it was on the monthly statements. I'll have to dig one up and check. :|

[animatic]

Noticed that some people are still applying for the citi gold card that has 0% balance transfers till Nov 2008, even though there is 0% BT till January 2009 available.



I haven't done the BT yet, going to see if they can change this to match the Jan 2009 date.

[tomtong]

However, some people, like myself were told by a cs person that it's only for new card-holders. That is the reason I received the rejection letter. So I canceled my existing card, with the intention of applying again...only to receive the card a few weeks later. Go figure, I guess they really want to get these cards in the hands of consumers.


Pogs, is that mean you cancelled the old card and reapply a few weeks later with the new promo code? My 2007 promotion just expired in Jan 08 and wish to get another one ASAP.

[pogs]

Pogs, is that mean you cancelled the old card and reapply a few weeks later with the new promo code? My 2007 promotion just expired in Jan 08 and wish to get another one ASAP.

Sorry, I wasn't clear. I applied for a second card, but the letter stated that they could not process my app, since I already had a card. That is why I canceled my existing card and then intended to reapply. However, a card was sent a few weeks later.

In order to get correct info from the customer service folks, honestly, I think it depends on whether you get a hold of one that has some experience with this. The customer service person that I talked to seemed to be simply reading for a script. When I mentioned to her that I received a rejection letter stating that the reason was because I already had a card, she confirmed that. Then I told her that I may have to cancel the card to reapply, she simply said...."okay". It almost sounded like she was very new. Ah well. :cheesygri

[humansoul]

Thanks humansoul. So that means you can transfer to whatever account you like, not just some other credit cards that you owe money? I'm asking this since the paper says "balance transfer", and I don't want to get caught and pay interests. Thanks.

that's correct from my experience. I recently just did a BT to pay of my LOC, I did this over the phone and asked about any fees, which they stated were none.

A balance transfer is exactly what it means...you can transfer x amount of $$ to your chequing account, LOC, CC, or even put it towards RSPs or GICs.

[tomtong]

Sorry, I wasn't clear. I applied for a second card, but the letter stated that they could not process my app, since I already had a card. That is why I canceled my existing card and then intended to reapply. However, a card was sent a few weeks later.

In order to get correct info from the customer service folks, honestly, I think it depends on whether you get a hold of one that has some experience with this. The customer service person that I talked to seemed to be simply reading for a script. When I mentioned to her that I received a rejection letter stating that the reason was because I already had a card, she confirmed that. Then I told her that I may have to cancel the card to reapply, she simply said...."okay". It almost sounded like she was very new. Ah well. :cheesygri


Thanks for your quick reply. I'm going to apply it online and follow suit. Is the new card has the same limit as your old card? I'm wondering if they just simply transfer your old profile to your new card.

[pogs]

Thanks for your quick reply. I'm going to apply it online and follow suit. Is the new card has the same limit as your old card? I'm wondering if they just simply transfer your old profile to your new card.

No, my limit is slightly higher. The first time I got the card, I only requested basically what I got. This time I requested 2x, but only rec'd slightly more than I rec'd the first time.

[Tender]

that's correct from my experience. I recently just did a BT to pay of my LOC, I did this over the phone and asked about any fees, which they stated were none.

A balance transfer is exactly what it means...you can transfer x amount of $$ to your chequing account, LOC, CC, or even put it towards RSPs or GICs.

Thanks humansoul.

[dhklai]

Just cancel the one with CITI bank and enjoyed 12 months free interest rate.

I am looking for the Promo Code for 0% interest with MBNA. Could someone post the latest code again? Thanks guys.:lol:

[tomtong]

Just cancel the one with CITI bank and enjoyed 12 months free interest rate.

I am looking for the Promo Code for 0% interest with MBNA. Could someone post the latest code again? Thanks guys.:lol:

Be prepared for the 1% fee and I copied the following from the first page.

MBNA CODE 1/8/2008 from JVM, see below:
"My wife got a MBNA 0% balance transfer offer in the mail.
Call 1-877-428-6060 an quote priority code BTZ9"

[Zozon]

Promo code BODX for Platinum Plus 0% for 15 months is still working.
Call 1-866-544-4104.

[jmac35]

Question for you guys,

When I apply for the citibank card via internet (using the link form page 1 of the thread) part of the application is a balance transfer request. If I fill that out will the transfer be taken care of automatically or will I still have to wait for the 0% interest BT cheques and go through that process.

I'm just trying to to transfer old CC balance to new Citi card so I have a year to pay it off.

[najibs]

What's the phone number to remove yourself from Citibank solicitations for insurance??? I've already had 2 and have barely had the card for a month.

A guy just called me right now and pissed me off. He kept insisting even though I told him I wasn't interested and when he asked why, I replied "Because if I were to buy insurance from all the other 10 companies that call me on a monthly basis to sell me insurance, I'd be broke. So, I don't want it."

At that point, lame brain KEPT going through his sales pitch completely ignorning what I just said, so I snapped, and yelled "YOU'RE NOT LSITENING TO ME!!! I DONT WANT INSURANCE. PERIOD!!!" and I hung up on him :twisted:

[st7860]

What's the phone number to remove yourself from Citibank solicitations for insurance??? I've already had 2 and have barely had the card for a month.

A guy just called me right now and pissed me off. He kept insisting even though I told him I wasn't interested and when he asked why, I replied "Because if I were to buy insurance from all the other 10 companies that call me on a monthly basis to sell me insurance, I'd be broke. So, I don't want it."

At that point, lame brain KEPT going through his sales pitch completely ignorning what I just said, so I snapped, and yelled "YOU'RE NOT LSITENING TO ME!!! I DONT WANT INSURANCE. PERIOD!!!" and I hung up on him :twisted:

i know. isn't that annoying, getting a phone call when you're on final.

(next time, just hang up on him)

[mrbios]

Question for you guys,

When I apply for the citibank card via internet (using the link form page 1 of the thread) part of the application is a balance transfer request. If I fill that out will the transfer be taken care of automatically or will I still have to wait for the 0% interest BT cheques and go through that process.

I'm just trying to to transfer old CC balance to new Citi card so I have a year to pay it off.

I filled out the form online when I applied, and I just checked my balance on the card I requested to transfer, and it was done automatically.

[user57]

1. hints for applying for a second card.
use the CORRECT birthday, but vary the other information.

It's possible but not in every case. Some folks have posted that they talked to a cs person and they extended their expiry date for the next year of the new code. However, some people, like myself were told by a cs person that it's only for new card-holders. That is the reason I received the rejection letter. So I canceled my existing card, with the intention of applying again...only to receive the card a few weeks later. Go figure, I guess they really want to get these cards in the hands of consumers.


I tried the first hint and modified some info, but got rejection letter:
"We'd like to help you out with your request, but unfortunately, we're unable to process your application right now because our records show that you already have a Citi MasterCard Accont".

How long do you guys wait after canceling the card and reapplying for new one?

[recordman]

I got the rejection letter the first try. I tried again a month later, with a slightly different address, and I removed the SIN# on the application. I got the card a month after that, but with a low limit ($5K).

I tried the first hint and modified some info, but got rejection letter:
"We'd like to help you out with your request, but unfortunately, we're unable to process your application right now because our records show that you already have a Citi MasterCard Accont".

How long do you guys wait after canceling the card and reapplying for new one?

[Jucius Maximus]

Noticed that some people are still applying for the citi gold card that has 0% balance transfers till Nov 2008, even though there is 0% BT till January 2009 available.

It doesn't matter; I used the Nov 2008 link in early January* and after I got my card, the sales rep said that the balance transfer is at 0% for 12 months starting from the day when the balance transfer actually takes place.

* Yes, it says your application must be received by Dec 31, but it worked anyway.

[patrob]

I applied for the Jan. 09 offer but when I called & asked to do my transfer, they told me that on their computer it shows Nov. 30 2008 offer:confused:, so I said it must be a mistake since I applied for the Jan. 09 offer but the rep. said it did not matter & that it's 12 months from the date that transfer is posted, so my due date would be sometime in Feb 09:razz: Little confusing since I though every offer is different, oh well...they know better.

So looks like it's 12 months from the transfer date even if you apply for a diff. month offer.

[1treehill]

call 0% citi to transfer money to my TD visa, Say $5000
transfer this $5000 to my checking account using easyline

so no interest and I can use this $5000 until 11/2008, only pay minimum every month to CITI?
Thank you for reply!

[pogs]

call 0% citi to transfer money to my TD visa, Say $5000
transfer this $5000 to my checking account using easyline

so no interest and I can use this $5000 until 11/2008, only pay minimum every month to CITI?
Thank you for reply!

Yes, that's right. Also remember to setup reminders to pay the monthly min. Whether the reminders are electronic, post-it notes, whatever...setup 10 reminders. Or setup auto pay the min every month. Just don't EVER miss a payment. :cheesygri

[MP3_SKY]

I applied the citi MC online 2 weeks ago, still no answer. Is it normal or should I call them up?

[finstudent84]

edit

[alpenrock]

Just cancel the one with CITI bank and enjoyed 12 months free interest rate.

I am looking for the Promo Code for 0% interest with MBNA. Could someone post the latest code again? Thanks guys.:lol:s

[JugaJatt]

hey guys i already have thier card and i was if these codes can be applied ot it??

[MP3_SKY]

Citi MC rejected my application. WTF..

I have perfect credit rating, always pay bills full on time have a stable full time job :confused: :confused: :confused: :confused:

[pigqq]

Citi MC rejected my application. WTF..

I have perfect credit rating, always pay bills full on time have a stable full time job :confused: :confused: :confused: :confused:

did you have one citi mc before? You can call them to ask for a re-reivew.

[MP3_SKY]

I don't think I did. On their letter, it just say I didn't meet the credit lending requirement. If I want to get info on my credit info, I need to call Equifax to get the info.

Just called, is an automated answer machine, they will send the credit report by mail within 3-5 business days.

this is my first time to get refused by a CC company, I even have my AMEX credit card since 2-3 years ago. :twisted:

[surgimus]

How high of a limit will they offer with this promo? I am looking to sign up for my dad. His annual income is 400k+ but he still leases a luxury car. I thought it would be a smart idea for him to purchase this car outright now, and save on the interest payments. He leases because of write offs, but I'd imagine with a debt restructuring such as this, he would still be able to take advantage of the write offs. Really keen on hearing how high of limits people have received. My dad doesnt' have any debt currently, and only has two credit cards. He also quite a bit of assets.

[casperr]

Do you guys know if MBNA automatically increases your credit limit or you have to request it?

[MP3_SKY]

Do you guys know if MBNA automatically increases your credit limit or you have to request it?


I want to know too. I only have 2500 limit on my MBNA

[civ@uw]

I recently called Citi about the status of my application, and I wanted to know if the following is typical from others who have done the same.

I started off by saying I had applied online around 3 weeks back, and was concerned since I hadn't heard back from them. The woman started off by asking me my name, date of birth, and address. I just assumed she was looking my name up and verifying my identity before she would release the application status. After that she asked for some more info about school (what school I was going to, program, length of program, graduation date, student number), I didn't think twice and just gave it up. After that she asked for the info of a "reference" (someone not related to me). I questioned this, but she said it was mandatory that I give it. I was eager to know the status of my application, so I gave the info of a friend (name, phone number, address). Then the questioning ends and she said it would be another week before I would get a response regarding my application back. The call was a complete waste of time, and my friend can probably expect a bunch of spam from Citibank now thanks to me. I'm also concerned that the rep had actually deceivingly started a new application for me. I need to get some peace of mind, to find out whether or not this "application status" call was typical.

[Stryk3r]

Promo code BODX for Platinum Plus 0% for 15 months is still working.
Call 1-866-544-4104.


I can confirm this is still working I just called and setup my application, and the phone agent confirmed the code was still good. Here's hoping I get approved.

Thanks

[T3rry]

Wife just called and used the MBNA code, the rep says it's all good, I'll post up here as our status changes so we can see a bit of a time frame for application>card receipt

[mtlguy]

I want to know too. I only have 2500 limit on my MBNA

I have the MBNA Platinum Plus and I have to request an increase if ever I want one...AMEX would increase my limit all the time without even asking for it...

[humansoul]

I recently called Citi about the status of my application, and I wanted to know if the following is typical from others who have done the same.

I started off by saying I had applied online around 3 weeks back, and was concerned since I hadn't heard back from them. The woman started off by asking me my name, date of birth, and address. I just assumed she was looking my name up and verifying my identity before she would release the application status. After that she asked for some more info about school (what school I was going to, program, length of program, graduation date, student number), I didn't think twice and just gave it up. After that she asked for the info of a "reference" (someone not related to me). I questioned this, but she said it was mandatory that I give it. I was eager to know the status of my application, so I gave the info of a friend (name, phone number, address). Then the questioning ends and she said it would be another week before I would get a response regarding my application back. The call was a complete waste of time, and my friend can probably expect a bunch of spam from Citibank now thanks to me. I'm also concerned that the rep had actually deceivingly started a new application for me. I need to get some peace of mind, to find out whether or not this "application status" call was typical.


I was also eager to find out my status and called them repeated times until i got approved. I did go through the same process of them asking me basic personal information, but was never asked about my school, but mind you, I'm no longer in school and working FT.

There may have been a flag that popped up on your application since you are not working FT, and I believe there's a $30K(or something around these lines) annual income in order to get this card. I wouldn't have an idea though why they would ask for a reference, although it could be used for that person vying for you that you are in good (income) shape.

just wait and don't be impatient, like me :lol: ...calling will not speed the process of them approving you or not...

[oakville]

just the number appear to be fishy, no greeting and not officially listed under any institute...did not have the gut.


Wife just called and used the MBNA code, the rep says it's all good, I'll post up here as our status changes so we can see a bit of a time frame for application>card receipt

[T3rry]

just the number appear to be fishy, no greeting and not officially listed under any institute...did not have the gut.

there are a few people who applied back on the 21st of jan, i PM'd one of them to see if he got the card yet.

[corollace]

I was told by rep. when I transfered money, he said 12 month start the day you transfered, not sure if you guys get the same answer.

[canabiz]

Is it me or is CitiBank cards taking a longer time to arrive now?

I applied for this card last year and got the card within 2 weeks, i think it could be during the slower summer months. My wife applied for this card about 4 weeks ago and she was asked to call in a couple of times to verify a few things and she's still waiting for her card

Could be the RFD Effect LOL? Would be nice to get that before the deadline for RRSP Contribution. We can find alternative ways but it shouldn't take more than 1 month to process, I would think.

[Hugh Jass]

Is it me or is CitiBank cards taking a longer time to arrive now?




Same thing here. My other half applied online 3wks ago and got a letter last week asking her one extra question. Why not call, takes a few seconds. Rep said another two weeks to process. 5 weeks seems a long time. Her credit is excellent btw, so that can't be a problem.

Other than this though, Citi are excellent to deal with IMO. I've had a Drivers Edge card for 7yrs or so and any issues I've had have been taken care of very well, incl. unauthorized use, extended warranty etc.

[mak]

Called to activate the Cita Mastercard and asked the rep about when the balance transfer promo would end. She advised would end January '09 and not 12 months from when the balance transfer is applied to the account. I asked the question twice and brought up reading it online from others who indicated that Citi reps said the promo rate would last the full 12 months from date of transfer. So it seems there is conflicting information being provided by Citi reps regarding this.

Maybe I'll call again and see what another one of their reps states. :)

[recordman]

Last week, I called and the Citi CSR said the BT 0% is good for 12 months from the date of the transfer. However, the BT cheques I received afterwards indicate that the rate is good until Nov. 2008. It's a bit confusing. I'll call them again in Nov.

[Tender]

For those of you using Citi cards, do you get the monthly statements showing the balance owed and minimum payment with due date? So as long as you pay the minimum payment on time, you wouldn't get into trouble, correct?

[alesto]

Applied online on 01/16/08.
Received a card on 02/07/08

Thank RFD!

Citibank 0% for 12 months
http://www.citicards.ca/canada/cards...ccess_code=T7A

[tabrisfreewill]

Hi, I applied for this card about a month ago but I still did not receive the "actual" card in the mail. They mailed me all the "100x" cheques and the 0% balance transfer cheques but I still don't have the mastercard in the mail. So am I missing something here or there isn't an actual physical card? I don't even know what my credit limit for this card is...

[najibs]

Hi, I applied for this card about a month ago but I still did not receive the "actual" card in the mail. They mailed me all the "100x" cheques and the 0% balance transfer cheques but I still don't have the mastercard in the mail. So am I missing something here or there isn't an actual physical card? I don't even know what my credit limit for this card is...

I have a solution for you...CALL THEM!

[tabrisfreewill]

oh right...for some reasons I thought there won't be anyone on the weekends :confused:

[help_questions]

Promo code BODX for Platinum Plus 0% for 15 months is still working.
Call 1-866-544-4104.

do we have to call this number, or can we cite the promo code when calling into the main listed CS number?
Can I apply for this promotion online?

[corollace]

Nov. 2008 means that your check valid until Nov. 2008, if you dont use it, it would not valid. As long as you use it to transfer money to checking account before Nov. 2008, then the 0% start the date of transfer.

Last week, I called and the Citi CSR said the BT 0% is good for 12 months from the date of the transfer. However, the BT cheques I received afterwards indicate that the rate is good until Nov. 2008. It's a bit confusing. I'll call them again in Nov.

[morglum82]

I just got the credit card and want to use it to invest. Does anyone know (or knows where to check) for who's giving the best interest over a 1 year term?

S.

[Psilosin]

I just got the credit card and want to use it to invest. Does anyone know (or knows where to check) for who's giving the best interest over a 1 year term?

don't be lazy

[boyoflondon]

Do you guys know if MBNA automatically increases your credit limit or you have to request it?

With me, they've always automatically increased it themselves!

[cywhiz]

I am thinking of applying for the MNBA card since I already got the Citi Gold card. If I use the code "BNOX", which number should I call since there are 3 diff. numbers listed on the first post? Also, do they charge 1% of the total balance for every BT I do, or do they charge 1% of the total credit limit? Finally, can I choose any card listed on the mnba.ca website or do I have to get a specific card like Citibank?

[Tranny]

I just got the credit card and want to use it to invest. Does anyone know (or knows where to check) for who's giving the best interest over a 1 year term?

S.

Check out the RFD rate comparison section at http://www.redflagdeals.com/deals/main.php/financial/rates/

[Tranny]

I am thinking of applying for the MNBA card since I already got the Citi Gold card. If I use the code "BNOX", which number should I call since there are 3 diff. numbers listed on the first post? Also, do they charge 1% of the total balance for every BT I do, or do they charge 1% of the total credit limit? Finally, can I choose any card listed on the mnba.ca website or do I have to get a specific card like Citibank?

There are only two MBNA numbers and both will work. One is a North America call centre and one is based in India.

Yes, they charge 1% of the total balance for each BT you do. But to take full advantage of this deal why not do a BT for the full credit limit anyways?

[Cisco KId]

this was simple my citibank 0% promo ends Feb 23 which I have already paid off and I applied for the mbna one and received the card in the mail in 7 business days already WOWZA

[st7860]

these 0% citibank codes still work, feb 20 2008.

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

[pogs]

Is there a way to opt out of receiving the monthly statements and viewing them online, for both the Citi card and the MBNA cards?

If yes, then can you only view the statements online if you activate the cards?

I have never activated my citi card, and only did the balance transfer. Although I suppose that doing the balance transfer automatically activates the card. Is this correct? :confused:

[superwell]

Hey guys After reading 80+ pages of great info i still have a couple of questions. First off, what is the annual fee after the 12month period, or untill jan 2009 as it is now?

Second correct me if I am wrong but isn't the citi card better than the MBNA card, in that both are the same but the MBNA has a 1% transfer charge, but seems to be 15 months rather then 12 months?

and one last question, so balance transfers are best done with the second set of cheques you get from citi

[sckor]

Hey guys After reading 80+ pages of great info i still have a couple of questions. First off, what is the annual fee after the 12month period, or untill jan 2009 as it is now?

Second correct me if I am wrong but isn't the citi card better than the MBNA card, in that both are the same but the MBNA has a 1% transfer charge, but seems to be 15 months rather then 12 months?

and one last question, so balance transfers are best done with the second set of cheques you get from citi

I don't think any of the cards have annual fees. In any event, the only reason you want the card is for the promotional offer. Transfer the money, put the card in you drawer, and cancel it when the 12-15months is up.

The CITI card is truly 0%. The downside is that the minimum monthly payments are 2-3%. So, you don't get to use all of the money at 0% for as long. The MBNA card is effectively 1% because of the transfer fee. But then you only have to pay a fixed $10 a month. One of the MBNA codes is for 15 months, the other MBNA codes are also 12 months.

As far as the BT cheques - I don't know why anyone bothers with them at all. Both CITI and MBNA will happily transfer money into a chequing account over the phone. ie: When I received my MBNA card, and called to activate I talked to a rep and had them do the BT over the phone. In fact if they're on the ball they'll ask you if you want to do one. Same deal with CITI - though their systems seem a bit weird, as I had to call back a couple of days after activating to do the transfer.

Sean.

[superwell]

I don't think any of the cards have annual fees. In any event, the only reason you want the card is for the promotional offer. Transfer the money, put the card in you drawer, and cancel it when the 12-15months is up.

The CITI card is truly 0%. The downside is that the minimum monthly payments are 2-3%. So, you don't get to use all of the money at 0% for as long. The MBNA card is effectively 1% because of the transfer fee. But then you only have to pay a fixed $10 a month. One of the MBNA codes is for 15 months, the other MBNA codes are also 12 months.

As far as the BT cheques - I don't know why anyone bothers with them at all. Both CITI and MBNA will happily transfer money into a chequing account over the phone. ie: When I received my MBNA card, and called to activate I talked to a rep and had them do the BT over the phone. In fact if they're on the ball they'll ask you if you want to do one. Same deal with CITI - though their systems seem a bit weird, as I had to call back a couple of days after activating to do the transfer.

Sean.


thank you..once again a world of info here!!

[morglum82]

Check out the RFD rate comparison section at http://www.redflagdeals.com/deals/main.php/financial/rates/

Hadnt noticed it, thanks!

Gotta search for PCCU now :o)

[st7860]

I just got the credit card and want to use it to invest. Does anyone know (or knows where to check) for who's giving the best interest over a 1 year term?

S.

PC Financial

[Kris81]

i just got mine for a balance transfer i applied for and they gave me a $7000 limit, with no interest until February 13th 2009 (a year after the date it was issued to me)

[alanbrenton]

Because the application asks for household income, could someone retired or not working still apply for this card if the household income (from children) is substantial?

This someone whom I know already has a regular citibank credit card. Hopefully Citibank will deem her to be of lower credit risk as she pays the entire balance on time and because she has been a client for at least five years now.

[pogs]

Does anyone know when the first bill arrives?

I am hoping that it doesn't get lost in the mail or something silly like that. >:(

[willy]

Does anyone know when the first bill arrives?

I am hoping that it doesn't get lost in the mail or something silly like that. >:(
Go online !!

[pogs]

Go online !!

I guess I would have to actually activate the card then. Like my last one, I never activated the card.:cheesygri

[Kris81]

Does anyone know when the first bill arrives?

I am hoping that it doesn't get lost in the mail or something silly like that. >:(


Mine was activated on the 13th, and i got my first statement yesterday iwth a due date of march 12th, so i'm guessing it's due a month later

[story]

Have anyone deal with MBNA collection department?

[najibs]

Have anyone deal with MBNA collection department?

I wouldn't imagine that would be a positive experience not just with MBNA, but with any company.

[aznkalun]

Okay, so I've recieved the 0% BT cheques, but some previous recent posts are confusing me.

Does the promotional period expire with the cheques, or the account? Example:

Scenario A) You use one cheque and do a BT, then make the minimum monthly payments until the end of your promo period, at which point you pay all back.

Scenario B) You use one cheque and do a BT, do the same thing, but about a week before the promotion expires you pay it all back and do another BT with another 0% cheque. Because you used this cheque before the promotion expires, you have another year before paying everything back.

Which one is correct? The promotion expiring with the cheques or the promotion expiring with the account in general??

[T3rry]

Okay, so I've recieved the 0% BT cheques, but some previous recent posts are confusing me.

Does the promotional period expire with the cheques, or the account? Example:

Scenario A) You use one cheque and do a BT, then make the minimum monthly payments until the end of your promo period, at which point you pay all back.

Scenario B) You use one cheque and do a BT, do the same thing, but about a week before the promotion expires you pay it all back and do another BT with another 0% cheque. Because you used this cheque before the promotion expires, you have another year before paying everything back.

Which one is correct? The promotion expiring with the cheques or the promotion expiring with the account in general??

pretty sure it's 0% for a year from the date of your first BT

[aznkalun]

Oh, okay, so the 12-month promotion starts only for the first BT transaction I make? So I can make some purchases, etc. to build up more credit and then pay it off entirely before I start my 12-month BT promotion?

[djbattaglia]

that sucks, lol when got a citi card i ahd such a high rate i wish i waited to get one NOW lol

[pogs]

For those of you who have been using these 0% balance transfer offers for a number of years(if there are any), how do you get around having all these cards?

Do you cancel them before reapplying or just keep them? I ask, because I read on the credit score thread that it is sometimes bad to cancel cards. Something about affecting your credit score. :?:

[patrob]

For those of you who have been using these 0% balance transfer offers for a number of years(if there are any), how do you get around having all these cards?

Do you cancel them before reapplying or just keep them? I ask, because I read on the credit score thread that it is sometimes bad to cancel cards. Something about affecting your credit score. :?:

I have been using the 0% cards since 2005:twisted: Together with my husband & even got my brother to apply for the two 0% cards for me & just paid off the balance on his CITI card on Friday:cheesygri

With CITI, once you pay off your orig. balance, cancel the card. Wait 4-5 months & re-apply for the same card again. I just got my 2nd one last month after I canceled my 1st card 5 months earlier ;)

With MBNA, I actually applied for another one while I still had my old card but it was already paid off. They gave me only $8,000 limit since I already have one. So I called & asked if I can transfer the limit from the 1st card to the new one & they did that & that automatically cancels the 1st card. So another 15 months of free money (except the 1% transfer fee)

I know it's probably confusing, but it works. You just have to keep an eye out on those due dates when the 0% is ending. You want to make sure you don't get charged any %, since they will not remind you:!: I just have a sticky up on my wall reminding me so I don't forget.

I am not exactly sure how much it's affecting my credit score but obviously must still be good enough for them to keep giving me all these cards :) They also see you are paying off everything on time so that is also very important.

[iamelated]

The current links to the Citi bank pages have transfer deadlines of Feb 15.

[st7860]

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

these two still work.

[iamelated]

in the "card product information" document https://www.citibank.com/canada/cards/direct/pdf/p1a08_gd_00_ja.pdf it says deposits must be made before the 15th.

"Your completed Application, and each Balance Transfer Request, must be received by February 15, 2008, to qualify for this balance transfer offer."

[st7860]

if for some reason the online form doesn't work for you then you can call citibank to apply

1-800-387-1616

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

[thefleet]

in the "card product information" document https://www.citibank.com/canada/cards/direct/pdf/p1a08_gd_00_ja.pdf it says deposits must be made before the 15th.

"Your completed Application, and each Balance Transfer Request, must be received by February 15, 2008, to qualify for this balance transfer offer."

Has anyone done a BT w/ Citi after Feb 15th @0%?

[Stetson717]

Is the mbna offer for 15 months as the thread title suggests or is it 12 months as stated in the first post with priority codes?

[Hugh Jass]

With MBNA, I actually applied for another one while I still had my old card but it was already paid off. They gave me only $8,000 limit since I already have one. So I called & asked if I can transfer the limit from the 1st card to the new one & they did that & that automatically cancels the 1st card. So another 15 months of free money (except the 1% transfer fee)


Wow. I didn't know this. I've had a MBNA card for a couple of years and never use it. I should try and get a 0% also. How long does the process take before you can get your hands on the cash?

[DaVibe]

So, has anyone had more luck with one card versus the other?
Any pros and cons now that this has been up for some time?

[najibs]

So, has anyone had more luck with one card versus the other?
Any pros and cons now that this has been up for some time?

MBNA tends to give higher credit limits, than Citi.

[canabiz]

Wife is still waiting for her CITI card, it's been well over a month since she first applied, she did have to call in twice for info confirmations. She just called not too long ago and was told it's in processing.

We got the RRSP maximized but would love to reduce and/or clean up the other credit cards. This one will come in handy, whenever it is.

[nchopra]

With CITI, once you pay off your orig. balance, cancel the card. Wait 4-5 months & re-apply for the same card again. I just got my 2nd one last month after I canceled my 1st card 5 months earlier ;)


You don't have to wait 4-5 months to re-apply after cancelling your Citi card. I've applied the same day I cancelled. You just can't apply within 6 months of a previous application. Presumably you would have had the card for a year.

[pogs]

You don't have to wait 4-5 months to re-apply after cancelling your Citi card. I've applied the same day I cancelled. You just can't apply within 6 months of a previous application. Presumably you would have had the card for a year.

Just to clarify, I applied for a second card and received a letter stating that I already had a card. I then canceled my existing card and was going to re-apply, but my card showed up. :cheesygri

[patrob]

How long does the process take before you can get your hands on the cash?

IIRC, from application time it would be less than 1 month for the MBNA card.

You don't have to wait 4-5 months to re-apply after cancelling your Citi card. I've applied the same day I cancelled. You just can't apply within 6 months of a previous application. Presumably you would have had the card for a year.

Perhaps, that's just what I have been told by the reps when I called & asked. I guess I did not want to apply & take a chance at being rejected so I followed their advice. But interesting to know that you can apply earlier...:D As long as it works, I guess I will keep getting them as long as they offer it :twisted:

[blah]

if for some reason the online form doesn't work for you then you can call citibank to apply

1-800-387-1616

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

Can you reapply for Citi if you haven't received the offer in the mail? I've heard some suggestions that they track mailings and will deny your application if you were not sent an offer in your name.

[T3rry]

Can you reapply for Citi if you haven't received the offer in the mail? I've heard some suggestions that they track mailings and will deny your application if you were not sent an offer in your name.

just try, the worst they can do is say no.

[240sxer]

Hi all,

Long time reader, first time poster..

I applied for the CITI offer last year, got $8500 when I requested $8000 while filling out the form, used it up, but cancelled it after 4 months due to me applying for a mortgage. My mortgage stuff is now done, so I applied again and this time I decided to put $6000 for the original transfer balance request, they gave me $9100.. again at 0%. I've yet to recieve the card (got approved last week) but I think the transfer is on its way..

So it seems like the more you request for the transfer during sign up, the more you'll get approved for.. :)

[240sxer]

Oh, one other thing for Citi.. It does say this promotional offer is only valid before Feb. 15, have people been able to transfer 0% after Feb. 15? Have you confirmed that it is infact still 0%?

[st7860]

Can you reapply for Citi if you haven't received the offer in the mail? I've heard some suggestions that they track mailings and will deny your application if you were not sent an offer in your name.

just fill on the online form above.

[st7860]

pc financial is offering 0.97% until July 2008.

[thefleet]

pc financial is offering 0.97% until July 2008.

Yup I got this card and I got it quick, but you have to apply online to get this offer, around 5 business days or so.

[alanbrenton]

Oh, one other thing for Citi.. It does say this promotional offer is only valid before Feb. 15, have people been able to transfer 0% after Feb. 15? Have you confirmed that it is infact still 0%?

Can anyone who recently got his/her card confirm? I don't want to be paying 18% interest per annum either. Thanks!

[aingaran]

I believe the interest is actually 19.9%/annum (as per the Citi rep I spoke to today.)

[thefleet]

I believe the interest is actually 19.9%/annum (as per the Citi rep I spoke to today.)

did you ask about the BT before 15th as well :)

[st7860]

feb 29 2008 , still works
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

[a_y3n]

I posted this on the other thread but just to get my point across:

I applied for this MBNA Mastercard in June 5, 2007.
I did a balance transfer today and was informed that my 0% balance transfer was good until June 6, 2009!!!!

So that mean that I get 0% for 2 years = 24 months not 15 months!

You guys should call to find out if that's your case as well.

I was ready to pay up this summer, but now I don't have to.. woohoo!

Edit: If this is true for everyone. OP should update the thread info =)

Edit again: Too bad OP is temporarily banned.

[Tiggs]

That would be 15 months from the date of the balance transfer which would be accurate for the MBNA card. It is 15 months not 12 from what I have read.

I posted this on the other thread but just to get my point across:

I applied for this MBNA Mastercard in June 5, 2007.
I did a balance transfer today and was informed that my 0% balance transfer was good until June 6, 2009!!!!

So that mean that I get 0% for 2 years = 24 months not 15 months!

You guys should call to find out if that's your case as well.

I was ready to pay up this summer, but now I don't have to.. woohoo!

Edit: If this is true for everyone. OP should update the thread info =)

Edit again: Too bad OP is temporarily banned.

[a_y3n]

That would be 15 months from the date of the balance transfer which would be accurate for the MBNA card. It is 15 months not 12 from what I have read.

I did a balance transfer from day one. The CSR assured me that it was 0% for my entire balance until June 5, 2009.

Edit: I called again. An another CSR told me that my entire balance will have a 0% until June 5, 2009. (as long as don't make any purchases only BTs)

[sunnyd71]

Some one asked before but it was never answered, is the 1% MBNA fee tax deductible? I dumped the money in a savings account

[napoleon1769]

If I transfer my credit from another card to this one (and cancel other one), would my credit rating drop? I haven't used the card for months but I'm afraid that the transfer would count as a transaction. Please advise.

[sw1ft]

For MBNA, BODX still works as of right now. :cheesygri

[mgronqui]

Stupid CITI lost my application. They want me t reapply. Like I have time for that....

[T3rry]

just got my card from MBNA, did a BT to my chequing account for $100 less than the TB (to pay the 1% fee) repayment is 2.25%, 0% BT is good until May 20 2008.

[dealgini]

Cancelled my card. Do I now have to wait 3 months before I can apply again?

[ziploc]

Cancelled my card. Do I now have to wait 3 months before I can apply again?

Same question here, my 0% CITI is ending this month....

[sckor]

Same question here, my 0% CITI is ending this month....

Have a look at this post I made back in the fall:
http://www.redflagdeals.com/forums/showpost.php?p=5645731&postcount=757

Short answer, your mileage may vary. Good luck!

Sean.

[ziploc]

Have a look at this post I made back in the fall:
http://www.redflagdeals.com/forums/showpost.php?p=5645731&postcount=757

Short answer, your mileage may vary. Good luck!

Sean.

Thx, I will try too...:D

[ryyeung]

Hi there,

Called this number for Citibank 1-866-848-9548 and they wouldn't give me the 0% balance transfer as I technically did NOT receive the offer, but only got it online.

I tried to squirm my way thru, but the CSR said they needed to run my name thru a search first to see if I really qualified for the offer, but then I said no thanks. Any one have any luck with Citi? Most posts I see hear are for MBNA.

ryan

[Hugh Jass]

Hi there,

Called this number for Citibank 1-866-848-9548 and they wouldn't give me the 0% balance transfer as I technically did NOT receive the offer, but only got it online.



Why would they care that you weren't on the list for the mass mailer? They have a potential customer applying and they turn him down. A bit weird.

[thefleet]

I just did my balance transfer to my chequing at 0%, so it looks like it still works.
Thanks OP!

[fl4wless]

citi links show 0% until Jan 2009 now... no longer 12 months from time of BT??

edit...nvm, im guessing that means balance tranfers made before jan2009 qualify for 1 year @ 0%.

[pogs]

I did a BT from Citi on Feb 4 and have not rec'd a statement yet. Should I be worried that it got lost in the mail? :?:

[st7860]

if you get 0%, its always 12 months from the date you make the transfer.

[pogs]

if you get 0%, its always 12 months from the date you make the transfer.

Is the min monthly payment 2% or 2.5%? I remember it being something like that.

I made my first payment about 3 weeks after my balance transfer, because I didn't want to miss a payment. I hope they start sending me a monthly statement. I may have to give them a shout....*sigh*:|

[st7860]

i have no idea.

but you can register for online billing at this address
http://www.citibank.com/canada

you will still get a paper bill regardless of whether or not you register online.

(then you can view the amount due, minimum payment, transaction history, etc)

[T3rry]

Is the min monthly payment 2% or 2.5%? I remember it being something like that.

I made my first payment about 3 weeks after my balance transfer, because I didn't want to miss a payment. I hope they start sending me a monthly statement. I may have to give them a shout....*sigh*:|

2% for Citi
2.25% for MBNA

[pogs]

2% for Citi
2.25% for MBNA

I thought I read somewhere the min was something weird like 2.1%.

Also, isn't the MBNA min like $10/month, after the 1% BT fee? :?:

[st7860]

correct. MBNA's minimum payment is only $10 per month when you are on a promotional rate.

[pogs]

Is the min monthly payment 2% or 2.5%? I remember it being something like that.

I made my first payment about 3 weeks after my balance transfer, because I didn't want to miss a payment. I hope they start sending me a monthly statement. I may have to give them a shout....*sigh*:|

2% for Citi
2.25% for MBNA

I thought I read somewhere the min was something weird like 2.1%.

Also, isn't the MBNA min like $10/month, after the 1% BT fee? :?:

correct. MBNA's minimum payment is only $10 per month when you are on a promotional rate.

Okay, that's what I meant, the promotion minimum. I think T3rry, you might confuse people by your response. If you did in fact mean the min payments for a non-0% promo card. Did you? :|

If someone pays 2% min on the citi card and that is not actually the min, then they would be in for a rude surprise. Also, paying 2.25% on the MBNA vs $10 is a bigger diff the larger your BT is.

:razz:

[scorpy]

3 weeks ago i have applied for an MBNA card for the 0% intreset reate BT...
i called back today to check they said that BDOX code was not used, they used a BO7V code which is 1.9% for 15month.


Can any one confirm if that BDOX code is no longer in use,?!!! i think the CSR lady made a mistake. should I call them back and ask for the BDOX code? or do you have another one?

thank you!

[pogs]

3 weeks ago i have applied for an MBA card for the 0% intreset reate BT...
i called back today to check they said that BDOX code was not used, they used a BO7V code which is 1.9% for 15month.


Can any one confirm if that BDOX code is no longer in use,?!!! i think the CSR lady made a mistake. should I call them back and ask for the BDOX code? or do you have another one?

thank you!

I used BODX last Friday, and the csr repeated that it is for the 0% 15 month promo period. Did they repeat the terms to you over the phone? :?:

[alanbrenton]

If my mother applied for the 0% BT citibank credit card 3 weeks back and haven't received a rejection letter, what does this mean?

How long did it take for you guys to receive the card in the mail. In my case, it was more like 2 weeks.

[thefleet]

If my mother applied for the 0% BT citibank credit card 3 weeks back and haven't received a rejection letter, what does this mean?

How long did it take for you guys to receive the card in the mail. In my case, it was more like 2 weeks.

Mine took somewhere between 2 to 3 weeks, and they phoned me about 3 times to confirm information (salary)

[T3rry]

Okay, that's what I meant, the promotion minimum. I think T3rry, you might confuse people by your response. If you did in fact mean the min payments for a non-0% promo card. Did you? :|

If someone pays 2% min on the citi card and that is not actually the min, then they would be in for a rude surprise. Also, paying 2.25% on the MBNA vs $10 is a bigger diff the larger your BT is.

:razz:

i don't know the details of the promo, i just know what my cardholder agreement says

My billing schedule is the 20th of each month, I'll let you know when i get a bill.

[pogs]

i don't know the details of the promo, i just know what my cardholder agreement says

My billing schedule is the 20th of each month, I'll let you know when i get a bill.

Thanks. I'm going to do the same and triple-check what my min payment is. I don't want the damn cc company getting a cent of interest off of me. :cheesygri

[alanbrenton]

Mine took somewhere between 2 to 3 weeks, and they phoned me about 3 times to confirm information (salary)

I guess for all those whose applications got rejected, a letter would have come in mail?

[thefleet]

Yes I think that would be the case. But on their site they say applications can take up to 6 weeks to "process".

[scorpy]

I used BODX last Friday, and the csr repeated that it is for the 0% 15 month promo period. Did they repeat the terms to you over the phone? :?:


I called back and applied for another card, they approoved right away, witht the BODX code. and she suggested that i call back later to merge both cards. this way i will have a higher credit limit. :). i hope they don't screw this one again!

[najibs]

Is it 3 or 6 months that you have to wait, after receiving the card to be able to phone Citi and get a credit limit increase?

[Dragon120]

If my mother applied for the 0% BT citibank credit card 3 weeks back and haven't received a rejection letter, what does this mean?

How long did it take for you guys to receive the card in the mail. In my case, it was more like 2 weeks.

Called with BODX and completed application - Feb 22
Called back to inquire about the status (approved with $15k) - Feb 27
Received card (and called the same day to activate & BT) - Feb 29
Amount transferred to chequing - March 3

During the whole process, I didn't receive a call from them. I only called them once to reconfirm the application and to check the amount being approved.

[thefleet]

Called with BODX and completed application - Feb 22
Called back to inquire about the status (approved with $15k) - Feb 27
Received card (and called the same day to activate & BT) - Feb 29
Amount transferred to chequing - March 3

During the whole process, I didn't receive a call from them. I only called them once to reconfirm the application and to check the amount being approved.

This is for the MBNA one, he was asking about the citi one.

[Dragon120]

This is for the MBNA one, he was asking about the citi one.

You're correct...my bad. Sorry alan.

[sw1ft]

Can any one confirm if that BDOX code is no longer in use,?!!! i think the CSR lady made a mistake. should I call them back and ask for the BDOX code? or do you have another one?

I used BODX last Friday, and the csr repeated that it is for the 0% 15 month promo period. Did they repeat the terms to you over the phone? :?:

Note the difference: BODX (be-oh-dee-ex) vs BDOX (be-dee-oh-ex)

[Hugh Jass]

You're correct...my bad. Sorry alan.

Useful info all the same :lol:

[Rockstead]

Has someone had any luck getting an increase on their limit on their 0% Citi card? I recieved it and was disappointed with the amount and I have excellent credit history and a good family income but I also realize that I had a few credit cards I wasn't using and recently cancelled them reducing my available credit by about 20k.

I called Citi and explained the situation but can't get them to budge and they won't even transfer me to the credit limit dept.

Anyone have any success getting this done without having to wait months? if so, please share and tell me what phone # and dept you spoke to.

Thanks

[najibs]

Has someone had any luck getting an increase on their limit on their 0% Citi card? I recieved it and was disappointed with the amount and I have excellent credit history and a good family income but I also realize that I had a few credit cards I wasn't using and recently cancelled them reducing my available credit by about 20k.

I called Citi and explained the situation but can't get them to budge and they won't even transfer me to the credit limit dept.

Anyone have any success getting this done without having to wait months? if so, please share and tell me what phone # and dept you spoke to.

Thanks

Ouch. That's the worst thing anyone can do for their credit history. Closing old accounts hurts your credit score, especially if it's an old account AND it's a significant part of your overall credit limit, because the average age of your accounts combined is now reduced, and your ratio of debt to available credit has gone up.

[Neil]

Which letter are people using to get the MBNA 0% for 15 months?

I've received 2 from them lately.

One is in blue and seems to be linked to my existing card I have with them. It says to call 1-877-428-6060 and quote a 4 character code.

The other is in red, the paper is smaller and talks about 'Start your journey to financial freedom' with a Personal Line Account. It says to call 1-877-728-3669 and quote this 18 character long code.

So... which number to call and which code to provide?

[Hugh Jass]

Has someone had any luck getting an increase on their limit on their 0% Citi card?

My gf called yesterday and they wouldn't budge. Said it was because she has too much credit available to her already. Blamed it on the credit bureau.

[method76]

For people asking about timeline.
I applied atleast 2 weeks ago (maybe shorter, cant remember).
Received a call to verify my home number (used my cell phone number initially), this was about a week to a couple of days ago. Called today and they said I was approved. My line of credit was smaller then what I initally asked for. I was planning to do a balance transfer of larger amounts but they gave me a smaller amount, which sucks. Even though my other CC's I have 10K and 20K credit line, (which i never ask for, but they always bump up). They said they would do the balance transfer within 10 business days.

anyways, hope it helps. I think ill try MBNA.lol.

[T3rry]

Called with BODX and completed application - Feb 22
Called back to inquire about the status (approved with $15k) - Feb 27
Received card (and called the same day to activate & BT) - Feb 29
Amount transferred to chequing - March 3

During the whole process, I didn't receive a call from them. I only called them once to reconfirm the application and to check the amount being approved.
wow, your BT was in your account next day? mine's been 3-4 day now and still no sign of it.

[moneyman77]

I think ill get one these too...thanks for all the info guys

[pureenergon]

hmm.. i just called mbna and the used the bodx. they said they could not locate that offer. is that offer dead? 0% for 15 mths??

0% is a nice offer. but for min payments and surcharges. is it better with mbna vs citibank??

[Hugh Jass]

I was planning to do a balance transfer of larger amounts but they gave me a smaller amount, which sucks. Even though my other CC's I have 10K and 20K credit line, (which i never ask for, but they always bump up).

You already have too much available credit.

[tahta]

Ouch. That's the worst thing anyone can do for their credit history. Closing old accounts hurts your credit score, especially if it's an old account AND it's a significant part of your overall credit limit, because the average age of your accounts combined is now reduced, and your ratio of debt to available credit has gone up.
This is not accurate. Closed accounts still stay on your credit history for 6 years from day of last activity.

[mr_dimsum]

Anybody with a credit history with a small footprint (note: new) successfully grab this card? I'd be highly interested, but my line of credit on my current credit cards aren't exactly spectacular. :cheesygri According to my credit profile though, I'm above average and have a solid score.


Cheers!

[ziploc]

from woofy, 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

from chaotic monk
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x

Citibank 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

woofy said this number is the number for citibank: 1-866-848-9548

.

Those codes seem not work anymore....
someone have something valid ???
thx

[Rockstead]

Anyone find a new working code for CITI?

or any luck still getting the 0% deal over the phone even though the offer doesn't seem to be on the website anymore.

[st7860]

i think their website is just messed up. when the codes expire, the website will specifically say the code is invalid. it doesn't say that right now.

[liverguts99]

Just called MBNA on 1-866-544-4104 and gave the BODX code. I was done in about 5 minutes. The guy said it will take 3 to 4 weeks to process and send out the card. The 0% on balance transfer for 15 months is still working from MBNA.

The fees are 1% or $7.50 for BT less than 750 or 800 (forgot which one) and 1% over 750 or 800...
pretty good deal if you ask me

Thanks OP for the info!

[Rockstead]

As of late yesterday afternoon I was able to register online again for the CITI 0% offer.

[ziploc]

does someone know how long do i have to wait before reapplying for another Citi 0% ......they didn't wanted to accept me for another promo under my card and I closed the account.......

[st7860]

just apply for one. use the correct birthday, but then alter your address as much as possible. such as change st to street, and if you live in apartment say unit instead of apt, basically swap everything around, but it still has to make sense.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

[Hugh Jass]

just apply for one. use the correct birthday, but then alter your address as much as possible. such as change st to street, and if you live in apartment say unit instead of apt, basically swap everything around, but it still has to make sense.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

Does that work? Same name, DOB, postal code...and still lets you through, lol.

[sw1ft]

(March 3, 2008). For MBNA, BODX still works as of right now. :cheesygri
Card arrived today - 10 days later. Activated and processed balance transfer.

[ziploc]

just apply for one. use the correct birthday, but then alter your address as much as possible. such as change st to street, and if you live in apartment say unit instead of apt, basically swap everything around, but it still has to make sense.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

when my closing confirmation letter arrives i will try that out, thx

[help_questions]

is there a annual fee with this MBNA card?

am i correct in my understanding that the only thing I will be paying is 1% of the balance transfer?

and finally, what type of card is it that MBNA is issuing?

thanks

[patrob]

is there a annual fee with this MBNA card?

am i correct in my understanding that the only thing I will be paying is 1% of the balance transfer?

and finally, what type of card is it that MBNA is issuing?

thanks

No annual fee on MBNA or CITI card.
With MBNA you only pay the 1% transfer fee, so if your limit is $10,000 you only pay $100, so your transfer should actually be $9,900 so you don't got over your limit :) MBNA is a Platinum Plus card.

[help_questions]

has anyone got a 100K+ limit on any of these cards?

[T3rry]

has anyone got a 100K+ limit on any of these cards?

unless you make 7 figures/year, i doubt it.

[mitchell007]

Just called MBNA on 1-866-544-4104 and gave the BODX code. I was done in about 5 minutes. The guy said it will take 3 to 4 weeks to process and send out the card. The 0% on balance transfer for 15 months is still working from MBNA.

The fees are 1% or $7.50 for BT less than 750 or 800 (forgot which one) and 1% over 750 or 800...
pretty good deal if you ask me

Thanks OP for the info!

Same here. Did the application via phone. Buddy asked me for my mail in code, I said I didn't have one, he then asked me for a promo code, which I then gave the BODX.

I should be getting the card in about 3/4 weeks :)

[Ms. Gadjets]

I called in today and they would not let me apply over the phone for the 0% balance transfer.

They asked me if I got something in the mail and wanted to search for the card holders name. Did anyone else experience that?

I tried to apply over the internet, but the links stopped at step one.

Does anyone have a working link?


Thanks

[yayaya]

Got my card yesterday.............$20K and called the toll free number and did a balance transfer !!

15 months no interest......the guy on the phone was even surprised with the deal.

Schweeeet. Thanks RFD.

[alanbrenton]

For 0% BT MBNA cardholders out there, how many have you applied for in the last few years? I had two so far, consolidated the balances to one credit card, and was wondering if I can apply for yet another one?

As a token of my appreciation for MBNA, I will probably keep the card after the promotional period is over.

[BMNB3tches]

just apply for one. use the correct birthday, but then alter your address as much as possible. such as change st to street, and if you live in apartment say unit instead of apt, basically swap everything around, but it still has to make sense.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w

isnt that fraud? are you allowed to do that?? how many cards have you racked up?

[patrob]

For 0% BT MBNA cardholders out there, how many have you applied for in the last few years? I had two so far, consolidated the balances to one credit card, and was wondering if I can apply for yet another one?


I have applied for 2 cards in the last 2 years. I applied for one after my last balance was totally paid off, but you might be able to apply before, not sure. I transfered my credit limit to the new card & they just canceled the 1st card & had the 0% transfer on the new limit! The rep said you can apply for as many cards as you want as long as your credit is good :D

Give them a call & see what they say....

[Ms. Gadjets]

Was there a 1% balance transfer charge for your promotion. Did you apply over the phone, can you tell me what steps you took to apply.

I tried to apply and they were so not pleasant, they said I had to be in their system to get the promotion.

Thanks

Got my card yesterday.............$20K and called the toll free number and did a balance transfer !!

15 months no interest......the guy on the phone was even surprised with the deal.

Schweeeet. Thanks RFD.

[pmjbutler]

I signed up over the phone (1-866-544-4104) and I used the code BODX and the representative processed my application. No issues were raised when I used the promo code. I guess it all depends on which representative answers.

[evilution]

Here is a tip for MBNA appliers..

Since there is a 1% fee, you can not pull out your full credit limit amount.
(Let's say you have $10,000 limit, there is a $100 charge).
If you pulled out $10,000, you'd need a limit of $10,100. The overdraft charge would be $35 or something.

The Customer service reps i've all spoken to are aware of this, and will probably tell you that you can only pull out a maximum of $9900 or something. ($99 dollar fee, making a total of $9999).

To be able to pull out the full $10,000 deposit $100 into your account FIRST, so now you have $10,100 available on your credit card.

Worked fine for me, and the CSR thought it was smart.

[T3rry]

Here is a tip for MBNA appliers..

Since there is a 1% fee, you can not pull out your full credit limit amount.
(Let's say you have $10,000 limit, there is a $100 charge).
If you pulled out $10,000, you'd need a limit of $10,100. The overdraft charge would be $35 or something.

The Customer service reps i've all spoken to are aware of this, and will probably tell you that you can only pull out a maximum of $9900 or something. ($99 dollar fee, making a total of $9999).

To be able to pull out the full $10,000 deposit $100 into your account FIRST, so now you have $10,100 available on your credit card.

Worked fine for me, and the CSR thought it was smart.
for the $20 in interest it's gonna save you (assuming your BTing to cover a 20% CC) it's really not worth it, IMO.

[Rockstead]

OK I just got my CITI financial checks and wanted to check with you guys on how this 0% worked.

It tells me on the letter that I'll automatically enjoy a 0.0% annual interest rate on all your transferred balances until November 30, 2008.

There were 3 checks enclosed, so that means I have until Nov 30, 2008 to use this check and all the checks will receive the 0% interest until a year after the date in which the amount is transferred? or does the 0% interest only apply on the first check?

Also the offer says that this has to be for credit card balances, does it still work if I write this check to my Line of credit account to pay that off?

Also I've seen it mentioned that you need to keep up with minimum paymetns every month but I haven't seen this blurb on my letter.

Thanks!

[cannon_fodder]

OK I just got my CITI financial checks and wanted to check with you guys on how this 0% worked.

It tells me on the letter that I'll automatically enjoy a 0.0% annual interest rate on all your transferred balances until November 30, 2008.

There were 3 checks enclosed, so that means I have until Nov 30, 2008 to use this check and all the checks will receive the 0% interest until a year after the date in which the amount is transferred? or does the 0% interest only apply on the first check?

Also the offer says that this has to be for credit card balances, does it still work if I write this check to my Line of credit account to pay that off?

Also I've seen it mentioned that you need to keep up with minimum paymetns every month but I haven't seen this blurb on my letter.

Thanks!


Be VERY careful! The first cheques most of us received were NOT 0% balance transfer cheques. Those were sent a little later (less than 2 weeks after IIRC). They will be accompanied by a letter stating that they are 0% balance transfer cheques and are only good for a short period of time.

You can use the cheques for pretty much anything - put it in a high interest savings account, pay down the mortgage, take over as client #9, etc.

You will need to pay 2% of the outstanding balance (thus it will go down slightly if you only make minimum payments) each month until this grace period is over when you want to make sure you pay the total outstanding balance.

[a1tenshi]

I closed my MBNA account a few years ago but I need to look for balance transfer offers...

I phoned them up and was told that I don't qualify for it because I wasn't sent the mail offer... as well the offer has expired since February 15, 2008?

Anyways, they offered me another card which is ongoing but not listed on their website:


no annual fee
0.0% balance transfer (4 months)
9.9% purchases
11.9% cash advances


I took up the offer and it will take upto 20-30 business days to have everything ready.

[melix007]

I just want to thank you all SO much for everything.May God bless you and keep you healthy!

[wiebecj]

My wife just applied for a citi mastercard (I already have one). Hope it all works out!

[BMNB3tches]

has anyone applied for the same card twice?

[max88]

has anyone applied for the same card twice?

2 MBNAs and 2 CITIs here.

[skoper]

I signed up over the phone (1-866-544-4104) and I used the code BODX and the representative processed my application. No issues were raised when I used the promo code. I guess it all depends on which representative answers.

same here..just applied

[T3rry]

Just confirmed with MBNA rep, the 0% BT is only $10/month min payment.

[Hugh Jass]

I phoned them up and was told that I don't qualify for it because I wasn't sent the mail offer... as well the offer has expired since February 15, 2008?


I called today and the rep asked about something on the letter, I said that I threw it out, just noting the phone number and code. She then asked which code it was and when I received the letter. I told her BODX and said it was about 6 wks ago. Application went fine, said to call in 5 days to check on status. 15 months 0% interest. I already have a MBNA card active from a couple of yrs ago. We'll see.

[stpdls]

My wife just applied for a citi mastercard (I already have one). Hope it all works out!

Did you apply thru the web link or call them?

[f00kie]

I just got a small credit limit increase from Citi. I was wondering if I'm eligible to do another balance transfer with them at 0%, or would this second one count at the regular rate?

[Rockstead]

Did you apply thru the web link or call them?

When gthe web link was not working I had gotten my wife to call but they rejected here promo code ebcause they said they did not find her name in the computer.

We later applied once the link was back up.

[Rockstead]

I just got a small credit limit increase from Citi. I was wondering if I'm eligible to do another balance transfer with them at 0%, or would this second one count at the regular rate?

How long did it take you to get the increase? did you have to call them?

I just recently got the card and had tried several unsuccessful attempts to get the limit raised, even asking for a temporary limit increase was not successfull.

[f00kie]

How long did it take you to get the increase? did you have to call them?

I just recently got the card and had tried several unsuccessful attempts to get the limit raised, even asking for a temporary limit increase was not successfull.

I called after about 5 months and they denied me, but that makes sense because I have quite a bit of credit out under my name. I've now had the card for about 9 months now and they randomly sent me the letter with a modest increase ($2k). Might as well take it if it's free (which I haven't confirmed yet): better in my wallet than theirs.

[BMNB3tches]

2 MBNAs and 2 CITIs here.

is this allowed? and how did you go about doing it?

thanks!

[zeij]

Here is my experience with MBNA:

I closed my MBNA card Feb. 24. Applied over the phone yesterday using BODX code and was told to call back in 5 days for the status of application. I decided to call today to check the status of the application and they said they could not find it. They transfered me over to the application dept and had me do the application over again. When that was done I was transfered over to the credit analyst was asked a couple more questions and was approved for $10000.

For those asking how long to wait before applying after you closed the account:

I waited less than a month and got approved. The credit analyst saw I had closed the account and approved me for the same amount I had before.

Here something that I was thinking. If you wanted to apply and know if you were approved or not on the spot instead of waiting a week. Could you call and say you applied but hadn't so they could apologize and put you through to the credit analyst? Just a thought.

[T&T]

Is it approved if you already have 2 MBNA Cards?

Thanks.

[shitbrick]

got my mbna plat last week with a 5k limit. my citi bank was done back in august so I re-applied just minutes ago online. Cross my fingers.

[mmhassa2]

Hi you all smart smart people, ;)

I have read about 15 pages and just have a few questions that I would appreciate a LOT if someone can answer. I’m not really that *smart* with numbers and interest rates, but really would like to take up this offer. So if someone can answer these I would be very grateful.

I have just received a CapitalOne Gold MasterCard, so which card would be easier to get? The MBNA or the Citi Mastercard? I see many here are applying and getting the MBNA? If possible could you please provide the codes I should use? Also online/or call in? Which one is better?

I hear some saying 0% interest is for 15 months while on the title it’s for 12 months…Which one is accurate?

We are currently selling our condo and planning on purchasing a house in the next 3-4 months, we already have a pre-approval. By applying for a card say with $10K will that hurt our chances of getting the mortgage?

Also say I apply for one or the other card, and get approved. The what are my exact steps to transferring the $$? To make it clear basically, I would like to take the 10K or whatever the amount I get approved for and dump as an extra down payment for the new house.

Last question again working with the $10K, I understand if I deposit $100 extra that should keep me safe from extra interest. So what will my monthly minimum payment be? Can I add $200 extra to be extra safe?

I would really appreciate your reply.

[T3rry]

Hi you all smart smart people, ;)

I have read about 15 pages and just have a few questions that I would appreciate a LOT if someone can answer. I’m not really that *smart* with numbers and interest rates, but really would like to take up this offer. So if someone can answer these I would be very grateful.

I have just received a CapitalOne Gold MasterCard, so which card would be easier to get? The MBNA or the Citi Mastercard? I see many here are applying and getting the MBNA? If possible could you please provide the codes I should use? Also online/or call in? Which one is better?
that's personal preference, i went with the MBNA
I hear some saying 0% interest is for 15 months while on the title it’s for 12 months…Which one is accurate? with MBNA you have to phone, use the code mentione din this thread, tell them you threw out the letter but noted the code before throwing it away, i really do not think they can verify that you were sent the letter or not, they just say that to scare people.[quote]
I hear some saying 0% interest is for 15 months while on the title it’s for 12 months…Which one is accurate?
the Citi is 12 months 0%, and free transfer, the MBNA is 15 months at 0% but there's a 1% transfer fee
We are currently selling our condo and planning on purchasing a house in the next 3-4 months, we already have a pre-approval. By applying for a card say with $10K will that hurt our chances of getting the mortgage?
i don't think this would effect your mortgage at all
Also say I apply for one or the other card, and get approved. The what are my exact steps to transferring the $$? To make it clear basically, I would like to take the 10K or whatever the amount I get approved for and dump as an extra down payment for the new house.
the steps for the balance transfer is, get the card, call in ans ask for a balance transfer to your chequing account, provide the required info, wait a week(maximum) spend as cash.

with a mortgage you have to eb careful because they may inquire where you got the deposit, which can not be borrowed, so you'll probably have to get a friend or family member to write you a gift note, saying that they gifted you the $10k for down payment.
Last question again working with the $10K, I understand if I deposit $100 extra that should keep me safe from extra interest. So what will my monthly minimum payment be? Can I add $200 extra to be extra safe?

I would really appreciate your reply.
this is only required for the MBNA if you want to borrow the full amount of your approval, just to pay the 1% balance transfer fee, otherwise you can only BT 99% of the available limit due to the fee

[mmhassa2]

that's personal preference, i went with the MBNA[quote]
I hear some saying 0% interest is for 15 months while on the title it’s for 12 months…Which one is accurate? with MBNA you have to phone, use the code mentione din this thread, tell them you threw out the letter but noted the code before throwing it away, i really do not think they can verify that you were sent the letter or not, they just say that to scare people. the Citi is 12 months 0%, and free transfer, the MBNA is 15 months at 0% but there's a 1% transfer fee i don't think this would effect your mortgage at all the steps for the balance transfer is, get the card, call in ans ask for a balance transfer to your chequing account, provide the required info, wait a week(maximum) spend as cash.

with a mortgage you have to eb careful because they may inquire where you got the deposit, which can not be borrowed, so you'll probably have to get a friend or family member to write you a gift note, saying that they gifted you the $10k for down payment.
this is only required for the MBNA if you want to borrow the full amount of your approval, just to pay the 1% balance transfer fee, otherwise you can only BT 99% of the available limit due to the fee

Thank you So much for the quick reply. I really apreciate it.

I get a bit nervous calling up for credit applications since I really didn't get the code. So there is no online form for the MBNA? Could you please direct me to the online form for Citi? Also codes for both that can be used now(maybe I can get my hubby to call and apply for the MBNA) :)

[T3rry]

just call and tell them you got this letter in the mail, but you misplaced it, but you recall the code. the worst they can do is say no.

[mmhassa2]

Just called MBNA on 1-866-544-4104 and gave the BODX code. I was done in about 5 minutes. The guy said it will take 3 to 4 weeks to process and send out the card. The 0% on balance transfer for 15 months is still working from MBNA.

The fees are 1% or $7.50 for BT less than 750 or 800 (forgot which one) and 1% over 750 or 800...
pretty good deal if you ask me

Thanks OP for the info!


Just wondering were you told if you were approved on the spot, also did they also tell you the amount you were approved for right away?

[T3rry]

Just wondering were you told if you were approved on the spot, also did they also tell you the amount you were approved for right away?

no and no, it takes them a few days to pull your credit check and get you approved, i think we called back after 3-4 days and they had the info for us.

[mmhassa2]

no and no, it takes them a few days to pull your credit check and get you approved, i think we called back after 3-4 days and they had the info for us.

Thanks again...Just had my sister call and apply (Had no problem with the code),:D and I will also be doing it later today once I speak to my hubby.

[trebof]

Hi, I have just applied for this promotion with ease. The application process took me 5 mins to complete.

HOWEVER, I NEED YOUR OPINION ON WHAT I SHOULD DO.


I currently have a TD Visa with a limit of 5000 on 13% interest. Needless to say, the card is maxed, long story short I sustained an injury and couldn't work for a long time.

Now if I do get approved, do I transfer $5000 from my MNBA card to my Visa card? And if so how much would that cost me?

Any opinions on what I should do, would be greatly appreciated.

[Octavius]

Hi, I have just applied for this promotion with ease. The application process took me 5 mins to complete.

HOWEVER, I NEED YOUR OPINION ON WHAT I SHOULD DO.


I currently have a TD Visa with a limit of 5000 on 13% interest. Needless to say, the card is maxed, long story short I sustained an injury and couldn't work for a long time.

Now if I do get approved, do I transfer $5000 from my MNBA card to my Visa card? And if so how much would that cost me?

Any opinions on what I should do, would be greatly appreciated.

You can transfer 5k from your MBNA to your Visa card if you like. There's only the 1% BT fee that you'll have to pay MBNA (so $50.00)

[trebof]

And there is no monthly interest correct for 15 months correct? Just a $10 monthly payment?

[hugewallet]

how to apply for a second MBNA card? some ppl said they have 2.

is it allowed to apply for a second one? thx.

[TheRealBenzo]

I'd also like to know if a second card is possible. They seem pretty firm on not allowing any CLI before the 6 months mark! I'm thinking a second card might be easier to attain. Anyone have recommendations or experiences with this? Thanks!

[adamtheman]

I'd also like to know if a second card is possible. They seem pretty firm on not allowing any CLI before the 6 months mark! I'm thinking a second card might be easier to attain. Anyone have recommendations or experiences with this? Thanks!

how to apply for a second MBNA card? some ppl said they have 2.

is it allowed to apply for a second one? thx.

MBNA allows as many cards as you want. They will take into account your other cards with them (so they say). But I haven't been turned down by MBNA. I got my credit bumped up to $10,000 on one card. I asked for more, they said "in 6 months". But I applied for a new card 2 months later and got another $6,000. You can then combine the cards. It's a great way to build a huge limit.

[hugewallet]

MBNA allows as many cards as you want. They will take into account your other cards with them (so they say). But I haven't been turned down by MBNA. I got my credit bumped up to $10,000 on one card. I asked for more, they said "in 6 months". But I applied for a new card 2 months later and got another $6,000. You can then combine the cards. It's a great way to build a huge limit.

really? this sounds unbelievable.

[Hugh Jass]

MBNA allows as many cards as you want. They will take into account your other cards with them (so they say). But I haven't been turned down by MBNA. I got my credit bumped up to $10,000 on one card. I asked for more, they said "in 6 months". But I applied for a new card 2 months later and got another $6,000. You can then combine the cards. It's a great way to build a huge limit.

Great. I have $7,500 on my first one and will probably get the same on this app. $15,000 to invest for 15 months, at a cost of $150, not bad at all.

[alanbrenton]

Once the 0% BT offer expires, has anybody tried holding on to their MBNA cards to see if low interest offers for at least half a year are being offered by MBNA?

I have about $23,000 credit limit after doing some consolidation/credit limit transfers and was wondering if I should switched the entire amount back to the Prestige Line of Credit at 8.75% (which I will probably not use as my RBC LOC is at prime + 0.5) once the 0% BT is over.

I was thinking of switching the entire amount to the Prestige Line of Credit, apply for a 0% BT card once more, hoping to get at least a $500 credit limit, and then transfer over the $23,000 limit from the Prestige LOC back to the 0% BT credit card.

[alanbrenton]

For the Citibank mastercard, is there any point in holding on to the high credit limit card once the 0% BT is over? For MBNA, reapplying for a 0% BT card and then transferring credit limits from one card to another works.

I believe Citibank is more strict when it comes to granting multiple cards to people. I think people with a Citibank reward card were successful in applying for the 0% BT (like my wife) but most applications were rejected for those who already had an existing standard platinum or gold Citibank credit card (like my mother).

Does Citibank offer low interest rates from time to time? For my regular driver's edge, I've only seen one promo at 2.9% for about 6 months.

[mmhassa2]

Just wondering say if you were approved for a lower limit than you want, is there any way to “talk them into” increasing it? What should I say? I really don’t owe $$ of any of my credit cards, but can I just make up and say I do and want to pay them off? Basically I would like to know what I should tell them to really convince them to increase the limit?

[adamtheman]

FYI for those doing the MBNA transfer.

You CAN use the access cheques that come in your first mailing. Some people have said you need to wait for the special 0% ones to come. This is not true when it comes to MBNA (I don't know how ciit works). I used the first cheques that came with my MBNA though, they were normal cheques, had no 0% offer on them. I got my statement and the money was classified as a "Category A" which means it's at 0%.

A = Balance Transfers, Access Cheques
B = ABM, Bank
C = Purchases

So ALL access cheques are 0%.

[adamtheman]

Just wondering say if you were approved for a lower limit than you want, is there any way to “talk them into” increasing it? What should I say? I really don’t owe $$ of any of my credit cards, but can I just make up and say I do and want to pay them off? Basically I would like to know what I should tell them to really convince them to increase the limit?

When you call to activate your card, ask to speak with a person from their credit department and negotiate. I got mine from $6k to $7.5k, the person wouldn't go higher though.

[mmhassa2]

People I need some advice. Background info, credit is good overall BUT I had a card that I missed minimum payments while I was away on vacation (let a family make payments and well they didn’t) so that card was revoked in May 2007 by RBC. But the card was fully paid off about 2 months after.

So today I called and they rejected my application based on that, and after talking to them for a while the girl transferred me to another department.

Since I am a student the girl approved me for $2K based on me being a student (well $1500 first but I mentioned how all my other cards are over 5K). Now do you think I can increase the limit or have to wait a few months?

Also she mentioned that the 15 months starts FROM THE DATE YOU ARE APPROVED for the card. I told her doesn’t it start from the day I transfer the balance BUT she INSISTED it starts from the day I am approved. Is she wrong?

[hugewallet]

i had the MBNA card since last NOV and made payments on time, can i call them to request a credit limit now? my limit is 5000 now, if it is bumped to, say, 10,000, do i have another 5000 interest free? thanks.

should i call to increase limit or to apply for another card？

it is amazing that this offer is still valid. and MBNA must have enormous amount of sales increase.

[nanirina]

i had the MBNA card since last NOV and made payments on time, can i call them to request a credit limit now? my limit is 5000 now, if it is bumped to, say, 10,000, do i have another 5000 interest free? thanks.

should i call to increase limit or to apply for another card？

it is amazing that this offer is still valid. and MBNA must have enormous amount of sales increase.

Yes you can. After that you can call them to up your limit. But with the Interest rate coming down, it might be less incentive to do these offers.

[coleworld]

Could anyone please confirm/deny...

For the Citi Card offer, is the 0% transfer for 12 months from the transfer date or JUST until January 2009...

I assume it is until January like the offer reads, but if anyone has done one recently, let me know, thanks!

Otherwise I will wait until the next offer comes up. May 2009?:razz:

[superwell]

Could anyone please confirm/deny...

For the Citi Card offer, is the 0% transfer for 12 months from the transfer date or JUST until January 2009...

I assume it is until January like the offer reads, but if anyone has done one recently, let me know, thanks!

Otherwise I will wait until the next offer comes up. May 2009?:razz:

I believe someone mentioned that it's from your transfer date.

[weebg]

Confirmed it's from your transfer date.

[Hugh Jass]

Applied for MBNA card Mar.18th, received card on 26th, not too shabby.

So I have $22,000 to invest for 15 months. What's the best thing to do?

[mmhassa2]

People I need some advice. Background info, credit is good overall BUT I had a card that I missed minimum payments while I was away on vacation (let a family make payments and well they didn’t) so that card was revoked in May 2007 by RBC. But the card was fully paid off about 2 months after.

So today I called and they rejected my application based on that, and after talking to them for a while the girl transferred me to another department.

Since I am a student the girl approved me for $2K based on me being a student (well $1500 first but I mentioned how all my other cards are over 5K). Now do you think I can increase the limit or have to wait a few months?

Also she mentioned that the 15 months starts FROM THE DATE YOU ARE APPROVED for the card. I told her doesn’t it start from the day I transfer the balance BUT she INSISTED it starts from the day I am approved. Is she wrong?

Any advice?

[alanbrenton]

Applied for MBNA card Mar.18th, received card on 26th, not too shabby.

So I have $22,000 to invest for 15 months. What's the best thing to do?

Invest conservatively, afterall it's borrowed money. Don't chase after yields (unless it's GIC, money market or highly liquid securities), look at the ABCP mess.

[Hugh Jass]

Invest conservatively, afterall it's borrowed money. Don't chase after yields (unless it's GIC, money market or highly liquid securities), look at the ABCP mess.

Lol, yes, I learned my lesson with a few margin calls in my time.

[puckhead]

Invest conservatively, afterall it's borrowed money. Don't chase after yields (unless it's GIC, money market or highly liquid securities), look at the ABCP mess.

I hear of people using 0% intro credit cards for investments. How does one actually go about doing that anyways? Do you do a cash advance on another regular interest credit card and then immediately do a balance transfer to a 0% card? Or is it possible to use the 0% credit card's transfer cheques to deposit directly to your bank account?

[Hugh Jass]

Or is it possible to use the 0% credit card's transfer cheques to deposit directly to your bank account?

You can get it deposited directly into your bank account, over the phone or a cheque.

[UrbanPoet]

w00t!
I just got the CitiBank GOLD m/c.
It came in pretty fast...
It only took less than 2 weeks after i applied to get my Card in the mail, and for the balance transfer to go through.

The thing is... They only approved me for $3800...

[wpgguy99]

`Thanks to Op and all those that answered questions and verified codes.

I got my card and wrote a cheque to myself. All seems to be good.

Thanks again

[puckhead]

You can get it deposited directly into your bank account, over the phone or a cheque.

Nice, thx for the info.

[Hugh Jass]

`Thanks to Op and all those that answered questions and verified codes.

I got my card and wrote a cheque to myself. All seems to be good.

Thanks again

What are you doing with the cash?

Best I can find, without looking too hard is 4.75% from HSBC until May, then ING 3.3% after that.

[brockxf]

+1

[theresa4444]

I have a Citibank offer of 0.9% expiring in April. Has anyone had experience with Citibank in extending or getting another offer once their promo period ended...and if so, how did you do it?

Thx

[UrbanPoet]

w00t!
Just did the 'BODX' for MBNA today!
I got an instant approval for $5500.
It was EZ. Took them less than 15 minutes to get it done. It seems like MBNA is the easiest and gives instant approvals.

[adamtheman]

w00t!
Just did the 'BODX' for MBNA today!
I got an instant approval for $5500.
It was EZ. Took them less than 15 minutes to get it done. It seems like MBNA is the easiest and gives instant approvals.

I wonder why some get instant approvals and others don't.

[flamingo]

Hello, does anyone know how long it normally takes for the 0% cheque for CitiBank Card to arrive?

I got the card last week and am still waiting for the cheque to transfer the money into my bank account. I will call them up on Friday if I haven't received anything by then.

[seek_up]

Hello, does anyone know how long it normally takes for the 0% cheque for CitiBank Card to arrive?

I got the card last week and am still waiting for the cheque to transfer the money into my bank account. I will call them up on Friday if I haven't received anything by then.

just call and do the transfer over the phone :rolleyes:

[tasamy]

Can you please clarify to me how you get advantage of this offer?
I have got the CitiBank and MBNA cards for 0%.
What should I do then?
How can I get the cash?
Should I pay any monthly fees?

Please someone write it clearly!

[markdweasel]

Anyone got a link or a code for a CITIbank Gold Visa with 0% for 12months on balance transfers?

A valid link would be great.

Thanks in advance.

Mark

[mgronqui]

God I love this thread. Many thanks!

[popp]

i am student.. i freelance.. applied 2 months ago

and got the 0%.. $5500 limit.

Wow which card?

[popp]

I have very good credit with Canadian banks but live in the USA. Is anyone aware of a bank that can take a US applicant and US address? I have cards with RBC and Canadian Tire at mid and high interest rates so ...really looking

Thank you.


(if anyone is in the reverse situation I am in, I know Bank of America can check Canadian credit for USA residents.)

[theresa4444]

Has anyone successfully renewed their 0% or 0.9% promo offers with Citibank once their existing one expired?

[UrbanPoet]

I wonder why some get instant approvals and others don't.

I already had a MBNA student m/c with a $2000 1.99% BT used on it. Paid that back in cash. I guess they saw that i already had previous business with them and helped me along with an instant approval.

It might depend on the operators mood. Maybe some are desperate for sales quota's.

Can you please clarify to me how you get advantage of this offer?
I have got the CitiBank and MBNA cards for 0%.
What should I do then?
How can I get the cash?
Should I pay any monthly fees?

Please someone write it clearly!

They are suppose to send you "promotional checks", @ least thats what the operator told me.
If not... you could call and ask them to do a BT.
You have to make minimum monthly payments for the offer to be valid.
theres a 1% charge on the total amount for each BT/CAsh advance you do.

Has anyone successfully renewed their 0% or 0.9% promo offers with Citibank once their existing one expired?

Yep... But on a different card from the same company.
I had a MBNA student m/c with 1.99% promo.
I paid that off then applied for the MBNA BODX one in this thread for 15 months 0% and got an instant approval :O

[tasamy]

You have to make minimum monthly payments for the offer to be valid.


So what is the minimum monthly payment?

[acekiller]

stupid citi bank

i applied my 0% bt card back in Jan

a month later they said they need me to send a bill with my address on it (I didn't have to when i apply for my AMEX)

another month gone by, they phone me at my office to confirm that I indeed work there and say that my application will be process in 3 weeks.

I finally received the card today, and it didn't say anything about the interest rate?! WTF?!

[mgronqui]

stupid citi bank

i applied my 0% bt card back in Jan

a month later they said they need me to send a bill with my address on it (I didn't have to when i apply for my AMEX)

another month gone by, they phone me at my office to confirm that I indeed work there and say that my application will be process in 3 weeks.

I finally received the card today, and it didn't say anything about the interest rate?! WTF?!

They lost my application and told me to reapply. I told them I didn't have time for it.

[veedub]

MBNA card was approved no problem. Am using the 10K for trading and am up 15% thanks to Apple :)

[logik]

So what is the minimum monthly payment?

MBNA's minimum payment structure is Interest + $10 + transaction fees. This means that you pay the cash transaction fee up front on the first statement and any every other statement will require a $10 minimum payment (if your balance is at 0%) during the term of the promotion.

[sapfire]

hi everybody
I called citi and was offered a.9% transfer until 2009. If you want to apply by phone and use the codes provided in the first post this is the number you need to use to get the people who can give you the 0% balance transfer. 1-888-899-1230. Hope this helps!

[mgronqui]

I just applied through the phone with Citi.

I'd be surprised if I get anything from them. I already have CCs that I maxed out with PC Mastercard and MBNA that I used for balance transfers :lol:

[dinesh_zee]

I have a Citibank offer of 0.9% expiring in April. Has anyone had experience with Citibank in extending or getting another offer once their promo period ended...and if so, how did you do it?

Thx

+1

[mmhassa2]

Just a quick question. I was able to increase it to $5K, and kinda of confused.

Say I take the $5K out next month to lend it to a family and then pay me back 2 months later and I pay it back on the card. Now what happens if I decide to take out the money AGAIN for the next 5 months? Is this 0% offer for a balance tranfer only ONCE or doesnt matter what I am doing with the $$ during the 15 month period? :confused:

[Pseudo Nim]

Just a quick question. I was able to increase it to $5K, and kinda of confused.

Say I take the $5K out next month to lend it to a family and then pay me back 2 months later and I pay it back on the card. Now what happens if I decide to take out the money AGAIN for the next 5 months? Is this 0% offer for a balance tranfer only ONCE or doesnt matter what I am doing with the $$ during the 15 month period? :confused:

Typically it's a one shot deal, although there's a chance of being able to negotiate something. I'd just take it out and keep it out for the whole duration, though.

[Hugh Jass]

Just a quick question. I was able to increase it to $5K, and kinda of confused.

Say I take the $5K out next month to lend it to a family and then pay me back 2 months later and I pay it back on the card. Now what happens if I decide to take out the money AGAIN for the next 5 months? Is this 0% offer for a balance tranfer only ONCE or doesnt matter what I am doing with the $$ during the 15 month period? :confused:


MBNA: You take do transfers as much as you like within the time frame of the offer. But why would you pay it off before you had to?

[coleworld]

nice... just approved for 12500... this is my 2nd card in 1.5 years... last one closed 6 months ago.

now im going to invest it all in citibank stock. ;)

[rlkaren]

I'm just hearing about this Citibank 0% balance transfer mastercard and I'm wondering if the deal is still valid? I clicked on a couple of the links in this thread and they are no longer active. Would anyone have a current link?

Thanks.

[UrbanPoet]

wtf?! they gave me an instant approval, only to send me a rejection letter in the mail. what gives?!

[Hugh Jass]

wtf?! they gave me an instant approval, only to send me a rejection letter in the mail. what gives?!


That's weird. Give them a call. Kinda curious myself, so if you could report your findings back here, I'd appreciate it.

[TheRealBenzo]

Hmmm, way to diversify your risk! :/

nice... just approved for 12500... this is my 2nd card in 1.5 years... last one closed 6 months ago.

now im going to invest it all in citibank stock. ;)

[boyoflondon]

So I got my card a few weeks ago and just recently got my first statement.

That is when I found out that I don't have 0%?!?! I am assuming this as on my statement it says that my annual int rate is 19.99%? What a heck is going on ... The package I received from them had no mention of the interest rate either.


K ... time to call and complain if this is the case.

[Octavius]

Is the MBNA offer still alive?

I was hoping to pick up that offer at the beginning of next month.

[bubble.tea]

wtf?! they gave me an instant approval, only to send me a rejection letter in the mail. what gives?!

ROFLZ...April Fools?

[UrbanPoet]

ROFLZ...April Fools?

lolz! mbna a-holes >=( it probably was a joke...
Coincidentally... the letter is dated APril 1st, 2008.... Just got it in the mail today. O_o

That's weird. Give them a call. Kinda curious myself, so if you could report your findings back here, I'd appreciate it.

okay.. i called them and found out that despite the instant approval, the credit system was "sensitive to my rating" and therefore sent me an automatic decline letter.
They said they did that b/c their credit granting system noticed that i have another maxed out credit card and a history of past due payments (2 delinquent payments over a year ago)... Which is a $3800 citi bank BT @ 0%.

I'm hoping to get the limit raised b/c now the only debt i have is

Citibank gold m/c maxed out 0% BT @ $3800
RBC platinum avion $5000 limit (only used for regular transactions).
Pending MBNA $5500 card.

[najibs]

wtf?! they gave me an instant approval, only to send me a rejection letter in the mail. what gives?!

pwned! :lol:

[Pinocchio]

I guess it's not valid anymore >:( Any new links available or might be available soon?

I guess I missed it...

[UrbanPoet]

I guess it's not valid anymore >:( Any new links available or might be available soon?

I guess I missed it...

check out the thread in personal finance... People were getting approved as of apr 7th :O

[alanbrenton]

And I was hoping to apply early next month (cancelled the last one in August). I hope some kind soul can post an access code for a similar promotion -- 0% BT.

[Rockstead]

I just got my first CITI Gold Mastercard statement.

It tells me that I have a minimum balance due.

I thought that I wouldn't have to pay any of this back for 1 year?


Aslo I don't see anywhere on the statment where it shows when this 0% will expire, is it exactly 1 year past the original Post date?

Thanks.

[tomtong]

From their Terms and Condition:

“Minimum Payment Due” means the amount indicated
as such on an Account Statement; [The Minimum
Payment Due shown on the current Account Statement is
equal to 2.1% of the Total New Balance shown there, the
interest charges shown on the current Account Statement
or $20.00, whichever is greater, plus any amount past due
shown there, plus any amount over the Total Credit Limit
shown there. However, if the Primary Cardmember is a
CreditShield®1 customer, the Minimum Payment Due will also
include the amount of the CreditShield insurance
premium shown there];

13.(d) Promotional Interest Rate Offers: If a Purchase
Balance or a Cash Advance Balance shown on the
current Account Statement is subject to a
promotional interest rate [for example, a balance
transfer from another credit card issuer], we will
separately calculate the interest charges and the
resulting Daily Closing Purchase Balance or Daily
Closing Cash Advance Balance, as the case may be,
for each day during the Billing Period covered by the
current Account Statement at the applicable
promotional interest rate in the same manner as
described above in sub-Section 13.(c)(i) or sub-Section
13.(c)(ii), depending on whether the balance is
considered (according to the terms of the promotional
interest rate offer) to be a Purchase or a Cash Advance
for interest calculation purposes.

Moreover, you should have received a separate letter telling you how much you took from their 0% promotion and the expiry date of it.

[savin$'s]

Aslo I don't see anywhere on the statment where it shows when this 0% will expire, is it exactly 1 year past the original Post date?

Thanks.
my letter stated it would end this May but I called them to ensure I knew when it was going to end and it is approx. 1 year from the date it was approved, which in my case was Aug. 9th ish.

I never did get my wifes approved using the codes back in Nov. and even Jan.

She isn't too enthused about calling them so I will just have to wait and see if they come out with a new code and try try again :)

[UrbanPoet]

its been one week since i confirmed my instant approval.
Still havent got anything in the mail =( hope it comes soon.

[yjzeng]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim

[Octavius]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim

Is this for citibank or MBNA?

[alanbrenton]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim

Whoops. I just threw out two copies of that agreement change though I didn't see those changes on the summary of changes listed on the first page.

[yjzeng]

Is this for citibank or MBNA?

It's for CITI bank

[acekiller]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim

when did you receive that? mind informing us a bit more about it? I just did by BT with citibank like last week and they didn't say anything about BT charges!

[TheZodiac]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim


That and they will be charging interest from the date of purchase should you decide to use the card. I'm going to gas this card.

[alanbrenton]

That and they will be charging interest from the date of purchase should you decide to use the card. I'm going to gas this card.

When do all these take effect? Are the existing 0% balance transfers grandfathered to the existing policies?

I threw 2 copies of the agreements away thinking they were talking about the usual stuff.

[pbd3mon]

hi everybody
I called citi and was offered a.9% transfer until 2009. If you want to apply by phone and use the codes provided in the first post this is the number you need to use to get the people who can give you the 0% balance transfer. 1-888-899-1230. Hope this helps!

Hi, I see 3 different codes listed on the 1st page for Citi, which one did u use? Thanks.

[Pinocchio]

Any new links for the CITI 0% for 12 months:?:

[UrbanPoet]

yay i finally got my platnium MBNA m/c in the mail yesterday! I did the BT yesterday and they said it'll be in my bank account in 2-5 days.

[mmhassa2]

yay i finally got my platnium MBNA m/c in the mail yesterday! I did the BT yesterday and they said it'll be in my bank account in 2-5 days.

Congrats! Did they tell you when the balance is due? Is it 15 months from yesterday or 15 months from the day you were approved or just June 2009?

[bloodwulf]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim


I believe the new user agreement stuff for the citi cards take place in June. For people that already did their transfers this 3% rate won't affect them right?

[alanbrenton]

I believe the new user agreement stuff for the citi cards take place in June. For people that already did their transfers this 3% rate won't affect them right?

I guess citibank won't be offering 0% BT credit cards anymore, huh? Did it take such a huge hit on subprime lending?

I will have to wait for my other credit card statement to come in so I can read the actual changes to the agreement.

[cherish50]

I tried all of the codes but they dont work?

have they stop offered 0% bt cards?

what is the update? does somebody have any new working codes?

[benlucanada]

i guess Citi finally realize the promotion doesn't make a lot of sense at all, as people will just take advantage of the 0% rate for 12month and cancel it.
I was lucky enough to get 0% for 12months for 16,000$ last minute. When my wife tried to apply, all the codes were invalid.

[alanbrenton]

i guess Citi finally realize the promotion doesn't make a lot of sense at all, as people will just take advantage of the 0% rate for 12month and cancel it.
I was lucky enough to get 0% for 12months for 16,000$ last minute. When my wife tried to apply, all the codes were invalid.

Make sure you read the new agreement that came with your credit card and changes to fees and all. :) I should not have waited for two billing cycles (after paying considerable amount of 0% debt) to elapse to apply once more (cancelled last August) to this wonderful offer. Oh well...

[BMNB3tches]

I just received my new statement & change of mastercard agreement. It mentioned there will be 3% promotion transfer charge & $25 inactive charge after 12months of no-usage of mastercard.

I'd suggest RFDs should pay more attention to these changes.

Chao,

Jim

what the hell does no-usage of mastercard mean? i did a blance transfer on jan 08 and have been paying minimum payments since then .does that count as usage? or not?

[benlucanada]

Make sure you read the new agreement that came with your credit card and changes to fees and all. :) I should not have waited for two billing cycles (after paying considerable amount of 0% debt) to elapse to apply once more (cancelled last August) to this wonderful offer. Oh well...

yes, thanks for the reminder. I did see 0% on my first statement and it looks no tricky part. anyway, i was doing the same thing, waited 3 billing cycles to reapply for a new one. :-) (could've been paying my P LOC quicker. LOL)

Last time, my wife and I got 25000$ and it technically saved us 1500$ interests..............

[alanbrenton]

what the hell does no-usage of mastercard mean? i did a blance transfer on jan 08 and have been paying minimum payments since then .does that count as usage? or not?

That fee is only applicable when you have a credit balance.

With regards to the 3% BT fee, the old agreement states 1.5%. This means that for the 0% BT offer, this fee doesn't apply as I was able to do BT's and was not charged the old 1.5% fee.

Any new access codes for citibank? What about a .9 or 1.9% interest credit card?

[alanbrenton]

For MBNA, has the BODX code expired?

[tasamy]

There is $35 fees if you are over CC limits. It means the cheque should be written as CC limits - %1 check fees. Correct?

[stpdls]

For MBNA, has the BODX code expired?

No, applied last Tuesday and received the card today.

[2maddie2]

Code BODX is still valid. I just applied.

[SeerHawk]

Code BODX is still valid. I just applied.

Me too.! BODX is alive!

[902linger]

I just got a 0% citibank application in the mail. 0% on all balance transfers until April 2009

Promo code is V8G

[alanbrenton]

I just got a 0% citibank application in the mail. 0% on all balance transfers until April 2009

Promo code is V8G

Thanks so much. I was waiting for a new access code and you made my night - Alan

Use this link and put in the code that 902linger provided:

http://www.citibank.com/canada/cards/direct/content.htm

[patrob]

I just got a 0% citibank application in the mail. 0% on all balance transfers until April 2009

Promo code is V8G

Great news :razz: :razz: I was hoping for a new code :D

Thank you,

[ricedion]

I just got a 0% citibank application in the mail. 0% on all balance transfers until April 2009

Promo code is V8G

I read the terms, it stated that "Promotional Transfer Cheque Fee:
Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. The Promotional Transfer Cheque Fee is 1% for this offer."

looks like I have to pay 1% fee, like MBNA. still a good offer?

[wiebecj]

I read the terms, it stated that "Promotional Transfer Cheque Fee:
Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. The Promotional Transfer Cheque Fee is 1% for this offer."

looks like I have to pay 1% fee, like MBNA. still a good offer?

Where did you read this? I just got my CITI card a week ago,and it had the first part of : Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque.

As far as I can find, there is nothing else on mine to state what the Promotional Transfer Cheque fee is

[ricedion]

Where did you read this? I just got my CITI card a week ago,and it had the first part of : Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque.

As far as I can find, there is nothing else on mine to state what the Promotional Transfer Cheque fee is

from this link http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

i copy/paste from the PDF file from that page

did u use this code V8G to apply yours? maybe you used a diff code to apply and no 1% fee in your case

[alanbrenton]

Where did you read this? I just got my CITI card a week ago,and it had the first part of : Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque.

As far as I can find, there is nothing else on mine to state what the Promotional Transfer Cheque fee is

like i said in my earlier post, the old agreement stated 1.5%. This fee would have been likely waived as I was never slapped 1.5%. I guess it's best to confirm with the CSR's.

[patrob]

I applied in January for this card again & never got charged any transfer fees but it was a different code I used. I know when you do the transfer on the phone, they read you all the terms/conditions & will inform you if any transfer fees would be applicable, so if there is a fee, you do not have to go ahead with the transfer.

The way they say that "unless waived or reduced", sounds like they waive it most times based on my experience & what others have said.

[hardcoredummy]

For the cash advance cheques, are you guys sure that the 0% ones have a used by date on them? Because mine doesn't, and i just got off the phone with MBNA, and they said those are the correct ones (i've had this card for about a month now).

[tsgee]

Me too.! BODX is alive!

What is the phone number to call MBNA so I can use this code?

[Hugh Jass]

For the cash advance cheques, are you guys sure that the 0% ones have a used by date on them? Because mine doesn't, and i just got off the phone with MBNA, and they said those are the correct ones (i've had this card for about a month now).


Why not do the transfer over the phone? Much faster.

[mushroom]

totally got denied by Citi last month, after I've sent in info re: my student card and tuition payment and stuff..
will try MBNA....

[mark_in_2k]

I've had my MBNA transfer for a while, but recently I've been getting lots of telemarketing calls from them, offering insurance, telling me to use my card, etc. They actually called twice tonight, about 3 mins apart. I was polite, but told them to please not call me again.

Still, I guess I can't complain too much, getting 18 months interest free!

[Genia11]

I applied for the Citi Card using the code posted here sometime in March and I received the card last week and the letter confirming that I have the promotional rate of 0% until April 30, 2009.

This is my second time that I am receiving this promotional offer.

Thanks.

[Hugh Jass]

Might aswell mention it here that when I got my first MBNA statement recently, I was being charged a promo rate of 3.99%. I called straight away and the CSR
told me that that was the rate I had signed up for. I was livid.

I told her that even when I did the BT over the phone, the CSR then explained to me that it was 0% for 15 months and my min monthly was only $10. She put
me on hold for about five minutes and came back with a "sorry about that Sir, you're 0% rate seems to have been deleted, I can rectify it completely".

So watch those statements carefully.

I don't know if this was a genuine error on someone's part or a sneaky trick.

[mmhassa2]

I have a quick question....I havent done a balance transfer yet as I dont need it but have been usuing the card just as a regular card. I have it registered online and wanted to make sure the balance transfer rate is 0% when I do decide to use it. Will this info be anywhere on the online statement? When I received the card it did say 0% interest but wanted to check online. Thanks

[patrob]

I have a quick question....I havent done a balance transfer yet as I dont need it but have been usuing the card just as a regular card. I have it registered online and wanted to make sure the balance transfer rate is 0% when I do decide to use it. Will this info be anywhere on the online statement? When I received the card it did say 0% interest but wanted to check online. Thanks

It's best to call them & they will tell you exactly when your 0% offer will end. But don't wait too long, I heard someone once say (not sure if it was MBNA or CITI card) tried to make a transfer after few months of getting the card but since he did not take advantage of the 0% offer within a certain time, the offer kind of expired...:|

[TDA]

appears to be a 1% fee..

From the link off the code on the front page

https://www.citibank.com/canada/cards/direct/pdf/p2m08_00_ja.pdf

"Promotional Transfer Cheque Fee:
Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. The Promotional Transfer Cheque Fee is 1% for this offer ."

So it's like MBNA now.. 1%...

[alanbrenton]

appears to be a 1% fee..

From the link off the code on the front page

https://www.citibank.com/canada/cards/direct/pdf/p2m08_00_ja.pdf

"Promotional Transfer Cheque Fee:
Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. The Promotional Transfer Cheque Fee is 1% for this offer ."

So it's like MBNA now.. 1%...

Hopefully because of this additional 1% revenue, Citibank Canada will give out higher credit limits.

Going through the ultra-fine print, I was wondering why there is a mention of both 3.00% and 1% for Promotional Transfer Cheque Fee?

Promotional Transfer Cheque Fee: Unless waived or reduced, 3.00% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. The Promotional Transfer Cheque Fee is 1% for this offer.

[ssiwani]

How much balance transfer can you normally qualify for ? i applied after cancelling my previous citi card 0% offer which i was able to pay off easily in a year. I am crossing my fingers on getting my new card.

How come no other credit cards have such an amazing deal ?

[hardcoredummy]

Why not do the transfer over the phone? Much faster.

I'm not having a problem with balance transfer, i'm asking about the cash advance cheques.

[tsgee]

Me too.! BODX is alive!

The code didn't work for me. The operator asked for a code that started with the letter 'D' on the first page of the promotion. I said I didn't have the letter in front of me. She put me on hold and came back and offered me 0% for 12 months. So I took it, difference of 3 months.

[KawaiiTentacleBeast]

I just got off the phone with MBNA, and have extended my 0% balance to Feb 2009. Transferred a few thousand dollars more too. This deal just keeps on giving.

[alanbrenton]

I just got off the phone with MBNA, and have extended my 0% balance to Feb 2009. Transferred a few thousand dollars more too. This deal just keeps on giving.

How does one call in to request an extension of the 0% balance offer? Does one have to talk to a supervisor or manager? What reasons did you provide for them to extend the promotional period? Thanks.

[sexpuppet6000]

How does one call in to request an extension of the 0% balance offer? Does one have to talk to a supervisor or manager? What reasons did you provide for them to extend the promotional period? Thanks.

I just called citi and they said you can't extend it because the promotion code expires, it expires.

A manager might be able to do it.

Does anyone know if it is possible to have 2 citi cards?

[KawaiiTentacleBeast]

How does one call in to request an extension of the 0% balance offer? Does one have to talk to a supervisor or manager? What reasons did you provide for them to extend the promotional period? Thanks.


The periodically extend the offer and tell you so on the bills. Remember at the start of the thread it was 0% until Oct 2007 or something like that? I'm still on it. Every time my credit limit increases, I just do another transfer and say "Oh by the way, I'll need the original balance consolidated into this new offer too, thanks." Never needed to speak to a supervisor or anything, the CSR just said "Sure, no problem". I started with $5k until Oct 2007 and now I'm up to $13k until Feb 2009. I should go cancel/reduce some of my other credit cards so I can milk this some more.

[alanbrenton]

I just called citi and they said you can't extend it because the promotion code expires, it expires.

A manager might be able to do it.

Does anyone know if it is possible to have 2 citi cards?

Oh, I was referring to MBNA. My wife has a Driver's Edge and got approved for the 0% gold citibank credit card. My mom has a regular citibank credit card and was rejected when she tried to apply (was told she already had a card with citi). I guess it won't be a problem so long as you originally had a rewards card.

[alanbrenton]

The periodically extend the offer and tell you so on the bills. Remember at the start of the thread it was 0% until Oct 2007 or something like that? I'm still on it. Every time my credit limit increases, I just do another transfer and say "Oh by the way, I'll need the original balance consolidated into this new offer too, thanks." Never needed to speak to a supervisor or anything, the CSR just said "Sure, no problem". I started with $5k until Oct 2007 and now I'm up to $13k until Feb 2009. I should go cancel/reduce some of my other credit cards so I can milk this some more.

Cool. Would you be able to scan that particular portion of the statement or email me a digital image without the critical info? I would love to be in your shoe as I have a substantial credit limit with MBNA.

[KawaiiTentacleBeast]

Here is a scan of the page with the "Access Cheques". The big blank part in the middle is where those "Access cheques" use to be. I just tore them out.

http://img99.imageshack.us/img99/4428/cccl4.th.jpg (http://img99.imageshack.us/my.php?image=cccl4.jpg)

[alanbrenton]

Hi KawaiiTentacleBeast, thanks for going through the trouble. Yeah, mine still says September 2008. I hope the date changes soon. :)

[KawaiiTentacleBeast]

Why not just call them and try it anyway? Say you want to go to Feb 2009, just like your bill says *wink*. I'm sure it's all the same callcenter.

[sensfan67]

I called after getting card. I gave my Bank A/c # for deposit of approved amount. Even after a week I did not see amount in my a/c.

Any one knows how long it takes for MBNA to fund the a/c?

Thanks,

[alanbrenton]

I called after getting card. I gave my Bank A/c # for deposit of approved amount. Even after a week I did not see amount in my a/c.

Any one knows how long it takes for MBNA to fund the a/c?

Thanks,

1 day for me the last time I did a BT. I bank with RBC.

[patrob]

Here is a scan of the page with the "Access Cheques". The big blank part in the middle is where those "Access cheques" use to be. I just tore them out.

http://img99.imageshack.us/img99/4428/cccl4.th.jpg (http://img99.imageshack.us/my.php?image=cccl4.jpg)

That's interesting... I just got my statement also with the cheques but it says the 0% promotional rate will end with my statement closing date in August 2008 not 2009 :| (that's when my 0% offer ends) >:( So perhaps you just got lucky :lol:

BTW, I called MBNA today & asked if I were to apply for another same 0% promotional CC, she said as long as my credit is good, I can apply for as many cards as I want :razz: So that's what I plan to do, before I try to ask them if they can extend my current 0% offer... If not, I will just apply for another one & transfer the full limit to the new card.

I love MBNA & CITI bank :)

[wiebecj]

like i said in my earlier post, the old agreement stated 1.5%. This fee would have been likely waived as I was never slapped 1.5%. I guess it's best to confirm with the CSR's.

I called in today and they confirmed that there was no "transfer fee" - so into my account the full limit goes :-)

[Hugh Jass]

BTW, I called MBNA today & asked if I were to apply for another same 0% promotional CC, she said as long as my credit is good, I can apply for as many cards as I want :razz:

This could go on forever :)

[Hugh Jass]

Any one knows how long it takes for MBNA to fund the a/c?



Mine took from Wed night to Monday morning. So the 3rd working day it was in.

[EGee6]

Hey there, I'm very new to this and was wondering if you guys could give me a rundown as to what this is exactly.

Does this mean if I qualify and they send me a new card I can just use their cheques and write the max credit limit as the total and cash it into my chequing account for 0% interest over next year?

I've never done one of these before so I wanted to ask since most of you sound like you know a hell of a lot more then I do and have actually been doing this for awhile now :razz:

Thanks

[patrob]

This could go on forever :)

Looks like :D I am already on my second card with MBNA, not including my 2 CITI cards, along with hubby :lol: I even got my mother/brother hooked up with 2 cards each :twisted:

Does this mean if I qualify and they send me a new card I can just use their cheques and write the max credit limit as the total and cash it into my chequing account for 0% interest over next year?

I've never done one of these before so I wanted to ask since most of you sound like you know a hell of a lot more then I do and have actually been doing this for awhile now :razz:


Yes, exactly! Just don't forget to write down the due date when the 0% ends & put that reminder somewhere where you can always see it, so you don't forget to pay it off ;)

[visualk]

do any of you guys know what to say in order to have the minimum $10 monthly payments, the rep told me my min payment is 3% of the balance

[xansmommy]

The periodically extend the offer and tell you so on the bills. Remember at the start of the thread it was 0% until Oct 2007 or something like that? I'm still on it. Every time my credit limit increases, I just do another transfer and say "Oh by the way, I'll need the original balance consolidated into this new offer too, thanks." Never needed to speak to a supervisor or anything, the CSR just said "Sure, no problem". I started with $5k until Oct 2007 and now I'm up to $13k until Feb 2009. I should go cancel/reduce some of my other credit cards so I can milk this some more.

When did they first increase your credit limit and how often have they done it? I would rather wait for them to offer me a higher limit than me call them to ask for an increase if they are going to offer me one anyway.

Laura

[xst1]

is there a balance xfer or cheque transaction fee? (for the citibank or mbna one - pls specify)

what kind of limits are people getting for this?

what happens after the 12 months....do they extend the offer or goes to normal rate or have to reapply???

thanks!

[superwell]

has anyone applied for this card:

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

0% on transfers till april 2009. Just wondering is this is the same card type as the orginal offer? Can you purchase at 0% also or is it only transfers? And for transfers can you transfer the money to your own account, like the orginal one?

edit: just got off teh phone with them and it's only for transfer from another card, no money advances per say.

[superwell]

What I have done is transfer to any other Credit Card, which gives me a huge credit. Then I just transfer that credit to my bank account. :) I've done it with CIBC Visa and PC Mastercard. I believe I paid a $2 or $3 cash advance fee with CIBC.

isn't it only good for transfer to the card and not from teh card..ie from you cibc card to this one?

[KawaiiTentacleBeast]

When did they first increase your credit limit and how often have they done it? I would rather wait for them to offer me a higher limit than me call them to ask for an increase if they are going to offer me one anyway.

Laura

I'm not sure how many times they have done it, I don't pay that much attention to it, but it has been at least 3 times, because I have done the "roll previous balance into the new rate/period" thing at least 3 times already.

[frankal101]

had an original mbna card that was ~13monts into the offer... i just got another card for the same amount. When activating the card, i asked them to combine the two. Now the original amount and new amount are for another 15 months - so i effectively rolled the old amount for a total of 28 months... i cant believe this is happening when the banks are tightening up and are not passing through rate cuts to consumers on the mortgage side of things... i cant see this lasting for too long... i will save thousands (~3k) in interest by the time this is done - all thanks to RFD!!!

cheers to free money!

[superwell]

I did a Balance Transfer from my CIBC Visa to the CITA/MBNA card. I then had a credit of a few thousand dollars on my CIBC VISA, because I had no balance in the first place. I then did an online transfer from my CIBC VISA to my CIBC bank account. Cost $2 or $3 because it was a VISA Cash Advance.

I did the same with PC Mastercard, but I had to call into them and ask how to get my large balance into my bank account. Gave them my bank info and they did it for me.

I am not sure i follow. So you transferd your owed amount from your cibc visa to your mbna card. Fine, but then you lost me. So you owed money on your cibc card or not? I assume from the rest of what you said you had a $0.00 balance on your cibc visa, then transfered money from it anyway to the mbna card? so that puts you in the negative owing/credit on your cibc visa..which then you transfered out of your visa card and into your bank? I never new you could transfer money from a $0.00 amount to another card?

Please confirm?

[b0ne]

I am not sure i follow. So you transferd your owed amount from your cibc visa to your mbna card. Fine, but then you lost me. So you owed money on your cibc card or not? I assume from the rest of what you said you had a $0.00 balance on your cibc visa, then transfered money from it anyway to the mbna card? so that puts you in the negative owing/credit on your cibc visa..which then you transfered out of your visa card and into your bank? I never new you could transfer money from a $0.00 amount to another card?

Please confirm?

Lets try this way.

- I received MBNA Mastercard with $10,000 limit
- When applying, I filled out the Balance Transfer section asking to Transfer $10,000 to my CIBC Visa
- $10,000 was transfered to my CIBC Visa, where I had $0 balance originally.
- Now I had a credit of $10,000 on my CIBC Visa
- I then transfered the $10,000 from my CIBC Visa to my Bank Account and paid the $2 or $3 Cash Advance fee.
- Now I have $10,000 interest free cash in my Bank Account and I pay the minimum monthly payment back to MBNA until the promotion is over and then I'll pay back the full balance.

[mmhassa2]

Lets try this way.

- I received MBNA Mastercard with $10,000 limit
- When applying, I filled out the Balance Transfer section asking to Transfer $10,000 to my CIBC Visa
- $10,000 was transfered to my CIBC Visa, where I had $0 balance originally.
- Now I had a credit of $10,000 on my CIBC Visa
- I then transfered the $10,000 from my CIBC Visa to my Bank Account and paid the $2 or $3 Cash Advance fee.
- Now I have $10,000 interest free cash in my Bank Account and I pay the minimum monthly payment back to MBNA until the promotion is over and then I'll pay back the full balance.

I think most people here just directly transfer the $$ into their bank account and get the same result and saves a lot of confusion:lol:

[mushroom]

Just called MBNA with the BODX code - got 15 months with 0%!
Sweet! Thanks for posting the deal. :cheesygri

[TheLurker]

Lets try this way.

- I received MBNA Mastercard with $10,000 limit
- When applying, I filled out the Balance Transfer section asking to Transfer $10,000 to my CIBC Visa
- $10,000 was transfered to my CIBC Visa, where I had $0 balance originally.
- Now I had a credit of $10,000 on my CIBC Visa
- I then transfered the $10,000 from my CIBC Visa to my Bank Account and paid the $2 or $3 Cash Advance fee.
- Now I have $10,000 interest free cash in my Bank Account and I pay the minimum monthly payment back to MBNA until the promotion is over and then I'll pay back the full balance.

with MBNA you can just transfer direct to your chequing account, however there are some CC's I've come across (Capital One) who will not transfer to a bank account, and i did essentially what you did here, only i withdrew the money from my visa first, it tends to throw flags when you have a huge credit on your CC

[smihaila]

I think most people here just directly transfer the $$ into their bank account and get the same result and saves a lot of confusion:lol:

Exactly. Or even a Line of Credit will do it, without paying any cash advance fee. With the condition that the bank where you have your LOC tollerates positive balances on LOCs.

[alanbrenton]

For those of you who currently have MBNA 0% BT credit card accounts, approximately how much in credit limit has MBNA extended to you (across product lines)?

I currently have about $33k across three products lines (credit card and credit card line of credits) and would like to know if it's time to quit applying for the BODX offer or risk rejection.

I currently hold no mortgage, am married (dual-income family), and have been steadily paying down my student loans.

[iamdman]

I am hearing that the minimum monthly payment is 3% of the balance not $10 a month. Anyone hear differently?

[UrbanPoet]

I am hearing that the minimum monthly payment is 3% of the balance not $10 a month. Anyone hear differently?

the citi bank is dinging me almost $100/month for the $3800 i took out. ouch! but its 0% so what can you do :P

[visualk]

the citi bank is dinging me almost $100/month for the $3800 i took out. ouch! but its 0% so what can you do :P

theres been other threads of ppl getting the $10 payment each month...anyone out there give us some help on how to get that??

[superwell]

Lets try this way.

- I received MBNA Mastercard with $10,000 limit
- When applying, I filled out the Balance Transfer section asking to Transfer $10,000 to my CIBC Visa
- $10,000 was transfered to my CIBC Visa, where I had $0 balance originally.
- Now I had a credit of $10,000 on my CIBC Visa
- I then transfered the $10,000 from my CIBC Visa to my Bank Account and paid the $2 or $3 Cash Advance fee.
- Now I have $10,000 interest free cash in my Bank Account and I pay the minimum monthly payment back to MBNA until the promotion is over and then I'll pay back the full balance.

Ah..you see that is where you lost me. I was talking about the card i posted, you were talking about the MBNA card :) I know how it works with the MBNA, I just wanted the citi if I could as there is no transfer fee's at all...but was 12 months at 0% rather than 15...but I wanted the savings over the length. Anyway I guess I need to wait till citi has their 12 month 0% card again

[Pinocchio]

Anyway I guess I need to wait till citi has their 12 month 0% card again

They do have their 0% offer until April 2009 :)

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

[superwell]

They do have their 0% offer until April 2009 :)

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

I know that's the one I posted. I called and she told me it's only good to transfer to another CC. otherwise you get billed the regular interest rate.

[patrob]

I called and she told me it's only good to transfer to another CC. otherwise you get billed the regular interest rate.

:confused: Not sure I follow...You can transfer the limit to your bank account too, that's what I have done with all my CITI cards :|

[jiepie]

can someone kindly answer my questions, it is greatly appreciated:

1) Is it possible to get the full $10,000 from MBNA without paying the 1% transfer fee? if yes, then how to do that? please list in steps

2) I already have 1 MBNA card, if i get one more card and combine both together. Does that mean they will close one of the accounts and keep one only?

3) can we post all the Q&A in the first post of this thread. so we don't have to go through 100+ pages to look for one answer?

[tasamy]

can someone kindly answer my questions, it is greatly appreciated:
3) can we post all the Q&A in the first post of this thread. so we don't have to go through 100+ pages to look for one answer?

+5

[patrob]

can someone kindly answer my questions, it is greatly appreciated:

1) Is it possible to get the full $10,000 from MBNA without paying the 1% transfer fee? if yes, then how to do that? please list in steps

2) I already have 1 MBNA card, if i get one more card and combine both together. Does that mean they will close one of the accounts and keep one only?

3) can we post all the Q&A in the first post of this thread. so we don't have to go through 100+ pages to look for one answer?

1) No, with MBNA you have to pay that 1% fee
2) I have done that & since I transferred all my limit, that automatically canceled the card.
You can probably leave some limit & this should not canacel the card but best to call MBNA & ask
3) :D Perhaps OP can add something like that

[superwell]

:confused: Not sure I follow...You can transfer the limit to your bank account too, that's what I have done with all my CITI cards :|

I called citi yesterday with this card deal. I asked her how the balance transfer worked. She told me if I transfer another CC balance to this card then it's 0% for 12 months. If I transfer money from it to another account then i get charged the regular rate. Mind you...she didn't speak very good english...and maybe she didn't understand me or I didn't understand her..but i did rephrase the question and she confirmed that i couldn't transfer the money from it. Maybe I will call again.

[Genia11]

I called citi yesterday with this card deal. I asked her how the balance transfer worked. She told me if I transfer another CC balance to this card then it's 0% for 12 months. If I transfer money from it to another account then i get charged the regular rate. Mind you...she didn't speak very good english...and maybe she didn't understand me or I didn't understand her..but i did rephrase the question and she confirmed that i couldn't transfer the money from it. Maybe I will call again.

I am not sure if I have the same deal. But I used the link that was posted here which expired in Feb and I was given 1 year 0% BT to anything... I called in to get Citi to transfer the money to my bank account last night and it was not an issue. I even asked the CSR to confirm the promotional rate.

[porsche22]

So i called and quoted the priority code BODX.. she asked for a number that started with a D that should be with that code and i just told her i threw out the form and she didnt' care and i still got the 0% for 15mnths. However she told me if i do a cash advance i will still have to pay at the regular rate of 19.99% but if i used the cash advacne cheques i will get the 0% rate. Is this true??

Thanks

[b0ne]

Ah..you see that is where you lost me. I was talking about the card i posted, you were talking about the MBNA card :) I know how it works with the MBNA, I just wanted the citi if I could as there is no transfer fee's at all...but was 12 months at 0% rather than 15...but I wanted the savings over the length. Anyway I guess I need to wait till citi has their 12 month 0% card again

I have both CITI and MBNA, and I did the same process for both. :)

[b0ne]

theres been other threads of ppl getting the $10 payment each month...anyone out there give us some help on how to get that??

From my experience:

Minimum Monthly payment for Citi is 2 or 3% (I forget which)
Minimum Monthly payment for MBNA is $10 (first payment is $10 + 1% transfer fee)

[Millstone]

I called to activate my MBNA card tonight and transfer a balance. The guy said "wow" a couple times at the offer I got and said he had never heard of it, and that they probably will not be offering it anymore. I think he was talking out of his ass tho.

[iamdman]

So is this still available? Seems people are having contradicting results, some are get 0% balance transfers, others are not...

[wronguy]

Just called citi and got a $6000 balance transfer, the lasy said there was no other fees so I guess I got lucky, we will see when I get my statement, minimum balance is %2.1, Thanks for everyones help, nothing like free money

[tasamy]

3) can we post all the Q&A in the first post of this thread. so we don't have to go through 100+ pages to look for one answer?



3) :D Perhaps OP can add something like that

Anyone?

[SkiLLz]

just called MBNA, quoted BODX and got offered the 0% for 12 months

i tried citi a couple days ago, but they said that i had to get a letter and that i "wasn't on their list"

[mmhassa2]

Those who got the flat $10 monthly payment plan, could you please share how you received it? Was something like that mentioned on the letter they sent? Please share your secret:)

[jeeva86]

isn't mbna 15months? did they drop it to 12 now?

[sexpuppet6000]

just called MBNA, quoted BODX and got offered the 0% for 12 months

i tried citi a couple days ago, but they said that i had to get a letter and that i "wasn't on their list"

Just a heads up to people, but I tried BODX with MBNA then they asked me for another code, which I obviously wouldn't have had. So I didn't get squat.

[mmhassa2]

Just a heads up to people, but I tried BODX with MBNA then they asked me for another code, which I obviously wouldn't have had. So I didn't get squat.

When I applied they asked for this "other" code as well and I simply told them I only kept the BODX code and threw out the letter and had no problems applying. Try again and mention you threw the letter out.

[ricedion]

I called MBNA on Friday, and quoted BODX, no problem. she said 0% for 15 months.

[dealking604]

just curious..for the MBNA offer, did you have to apply for a new card?
what if u have an existing card?

[Hugh Jass]

just curious..for the MBNA offer, did you have to apply for a new card?
what if u have an existing card?

I had a card that had $7,500 limit on it, barely used it in the 3yrs I had it. I applied for a new one and was given $15,000 limit. I joined the two limits together for $22,500 no probs. I don't know if I had just asked for 0% on the 7500 would I have got it. Glad I didn't :)

[tasamy]

Did MBNA change any of its promotion rules during the promotion period?

I see that citi gave different versions to different people. I saw different forum posts have different rules.

Did we all get the same promotion from MBNA. Are there different versions of the MBNA offer?

I do not want to have a different bad version of the MBNA offer. Then I go into troubles.

I will write steps here and please correct me if I am wrong :

- I use one of the MBNA checks. if my cc maximum is $7500, I write a check for myself and deposit this amount to my savings bank account.
- In that case I need to pay 1% ($75) check money advance and $10 on my first statement.
- Then I need to pay $10 each month and not to pass the deadline
-At the end of the year, I need to pay 7500 - 10 * 12 = $7380, so intotal I had $7500 for a year and paid $75 for this amount!

Am I correct?

[casperr]

I called the number for BODX, I thought you can also do a money transfer even if you have an MBNA card already and just use the code, the operator said it is for new credit card applications?

[Rosico]

I called citi yesterday with this card deal. I asked her how the balance transfer worked. She told me if I transfer another CC balance to this card then it's 0% for 12 months. If I transfer money from it to another account then i get charged the regular rate. Mind you...she didn't speak very good english...and maybe she didn't understand me or I didn't understand her..but i did rephrase the question and she confirmed that i couldn't transfer the money from it. Maybe I will call again.

I'll try calling tonight - thinking of transferring my mbna amount over to citi as the mbna is nearing the end. Ah, credit swapping ... exactly what we've all been warned about ;)

[asfazrq]

Hi,

So it's 0% on balance transfers for the first 12 or 15 months, whatever the payment is. but they said that the min. payment on some offers is 1% or 2%. so if it is 0% why am I paying 1% or 2% every month. doesn't make sense to me. Would anyone be kind enough to explain?

thanks,

[mrbios]

Hi,

So it's 0% on balance transfers for the first 12 or 15 months, whatever the payment is. but they said that the min. payment on some offers is 1% or 2%. so if it is 0% why am I paying 1% or 2% every month. doesn't make sense to me. Would anyone be kind enough to explain?

thanks,

0% is the interest, not the minimum payment. Citi I believe you pay 3% for minimum payment. MBNA is (fees + interest + $10). You have to pay the balance transfer fee + $10 on your first payment, and then only $10 until the end of the promotional period.

[asfazrq]

thank you. so how does citi differ from mbna in terms of minimum payment? any thoughts

[Psubs]

Hi,

So it's 0% on balance transfers for the first 12 or 15 months, whatever the payment is. but they said that the min. payment on some offers is 1% or 2%. so if it is 0% why am I paying 1% or 2% every month. doesn't make sense to me. Would anyone be kind enough to explain?

thanks,

There is usually an initial 1% fee to process the balance transfer, then it's 0% for the duration.

[T3rry]

thank you. so how does citi differ from mbna in terms of minimum payment? any thoughts

the post right before yours answers that exact question, citi you pay 3% of your outstanding balance, MBNA you pay $10 (+ fees and interest, which other than the initial transfer fee, will be 0, unless you use the card for purchases, which would be highly inadvisable.)

[tsgee]

Just got my second card. They closed my old account and added my old limit to the new one. $30K to use for one year and it only cost me $300. Try to get that deal at a bank.

[mmhassa2]

I will write steps here and please correct me if I am wrong :

- I use one of the MBNA checks. if my cc maximum is $7500, I write a check for myself and deposit this amount to my savings bank account.
- In that case I need to pay 1% ($75) check money advance and $10 on my first statement.
- Then I need to pay $10 each month and not to pass the deadline
-At the end of the year, I need to pay 7500 - 10 * 12 = $7380, so intotal I had $7500 for a year and paid $75 for this amount!

Am I correct?


I'm in the same situation and was wondering if this is correct? I now have a 7.5K limit, so do I transfer the entire amount or transfer $7425 and leave the 1% in the credit card? So is this 1% a fee for balance transfer, that everyone has to pay or can you get around it? Also those who ACTUALLY did receive the letter was the $10 monthly payment mentioned on the letter? I'm ready to do a B/T today and want to be extra extra sure. Thanks so much!

[xansmommy]

you will transfer the $7425. when you call to do the transfer, they will tell you exactly how much you can move.

laura

[tasamy]

I'm in the same situation and was wondering if this is correct? I now have a 7.5K limit, so do I transfer the entire amount or transfer $7425 and leave the 1% in the credit card? So is this 1% a fee for balance transfer, that everyone has to pay or can you get around it? Also those who ACTUALLY did receive the letter was the $10 monthly payment mentioned on the letter? I'm ready to do a B/T today and want to be extra extra sure. Thanks so much!

I have just called them they increased my limit from 7.5k to 15k. They will tell what to do exactly. They are very helpful. The very good thing they offered so you can keep your promotion alive is a pre-authorization letter. By this letter, They can get the monthly minimum payment from your bank account, so you do nto miss a payment. I confirmed the $10 is required as a minimum payment!

[tasamy]

Last question : Any difference between doing the transfer to your bank account on the phone or by using a check?

[hugewallet]

the code has been valid for a year.

[sckor]

Last question : Any difference between doing the transfer to your bank account on the phone or by using a check?

It's generally faster to just have them do it over the phone, because you don't have to wait for them to send you the 0% cheques.

Sean.

[f00kie]

My Citi is expiring in about a month or two... after I pay off the balance, what's the simplest way to use the promotion again? Cancel and reapply? Ask them what they can do?

[some1]

I have a CITI Gold Mastercard with the 0% balance transfers. I signed up about 1 year ago and it is expiring mid-June. I am also wondering if anyone has any suggestions on what to do for a new 0% interest card.

I currently have a Starwood MBNA Platinum Plus card that I use as my primary card since it has such a great return (or at least had one of the best returns when I signed up). Anyways, the reason I mentioned it is because sometimes companies like CITI mention that 0% BTs are for new customers only so I don't know if I can get another MBNA card.

Any suggestions?

[patrob]

My Citi is expiring in about a month or two... after I pay off the balance, what's the simplest way to use the promotion again? Cancel and reapply? Ask them what they can do?

The best suggestion is to get an MBNA in the mean time. When you pay it off, cancel it, wait at least 3 months (or someone suggested you don't have to) & re-apply again after 3 months.
I re-applied after 5 months & received my 2nd 0% CITI card :razz:

Now my hubby's 2nd 0% CITI card came in :twisted: I love these American companies :D

This card & MBNA saved me thousands of dollars :!:

[coolalex]

Guys:

I have a couple of questions I would appreciate if you can help:

1) For Citi card, do they ask you to send them proof of your income, would they call your workplace to conform the income etc? I think MBNA might be more easygoing than Citi from what I have read in this thread so far. What's the code for Citi if I want to apply over the phone? (the original post only has the links).


2) My friend has a card from CIBC with decent limit that he wants to use it for BT. They told him, they would transfer the money to OTHER credit cards (if he has balance on other credit cards), or LOC etc, but he can't cash it directly. For example if he owes $5,000 to Amex and wants to get $9,000 from CIBC card, can he have the CIBC money transferred into his AMEX card, then pay $5,000 balance to Amex and somehow withdraw the remaining $4,000 to his chequing account? Is there a way around this? Can he ask AMEX to deposit the positive balance he has into his chequing?

[patrob]

I have a couple of questions I would appreciate if you can help:

1) For Citi card, do they ask you to send them proof of your income, would they call your workplace to conform the income etc? I think MBNA might be more easygoing than Citi from what I have read in this thread so far. What's the code for Citi if I want to apply over the phone? (the original post only has the links).



With either CITI or MBNA I was never asked to submit proof of income and even if you exaggerate your income by a bit, nothing will happen ;)
As long as your credit is good, then you should be approved with no problems.

I think it's easier to apply online than calling.

[T3rry]

Guys:

I have a couple of questions I would appreciate if you can help:

2) My friend has a card from CIBC with decent limit that he wants to use it for BT. They told him, they would transfer the money to OTHER credit cards (if he has balance on other credit cards), or LOC etc, but he can't cash it directly. For example if he owes $5,000 to Amex and wants to get $9,000 from CIBC card, can he have the CIBC money transferred into his AMEX card, then pay $5,000 balance to Amex and somehow withdraw the remaining $4,000 to his chequing account? Is there a way around this? Can he ask AMEX to deposit the positive balance he has into his chequing?

Tell him to do the full transfer, CIBC doesn't know what you owe on it, they will just cut AMEX a cheque and they apply it to the account, then you do a cash advance from AMEX for the amount above what he owes, there may be a fee for it, but it should only be a few dollars.


I got a capital one card, did a BT to my CIBC visa (they wouldn't BT to a chequing account) so i just withdrew the cash from my cibc visa as a cash advance, cost me $2.50.

[coolalex]

With either CITI or MBNA I was never asked to submit proof of income and even if you exaggerate your income by a bit, nothing will happen ;)
As long as your credit is good, then you should be approved with no problems.

I think it's easier to apply online than calling.

Thanks a lot. I think my credit is decent. I applied for Citi and it asked me to provide a Caredit Card number or LOC info so they would deposit the money. But I didn't enter those info because I was not sure about my limit which will be assigned by Citi.

So after online application, would someone from Citi contact me or they just send the card? When do I haggle for the limit and minimum monthly payment? After I received the card, right?

[coolalex]

Tell him to do the full transfer, CIBC doesn't know what you owe on it, they will just cut AMEX a cheque and they apply it to the account, then you do a cash advance from AMEX for the amount above what he owes, there may be a fee for it, but it should only be a few dollars.


I got a capital one card, did a BT to my CIBC visa (they wouldn't BT to a chequing account) so i just withdrew the cash from my cibc visa as a cash advance, cost me $2.50.

Very interesting, thank you. So, how does this cash advance work? Do you go to the ATM or bank and withdraw the extra money using your CC?

[patrob]

Thanks a lot. I think my credit is decent. I applied for Citi and it asked me to provide a Caredit Card number or LOC info so they would deposit the money. But I didn't enter those info because I was not sure about my limit which will be assigned by Citi.

So after online application, would someone from Citi contact me or they just send the card? When do I haggle for the limit and minimum monthly payment? After I received the card, right?

Nobody from Citi ever contacted me after I applied, they just send the card, that simple. Not sure what you mean about the haggle for the min. payment :|, you don't really have much choice on that.

[jerryhung]

BOO, got the Citi mail today, asking me to MAIL in either
1. original paystub
2. copy of a letter from employer stating title/income, etc..

I'll try MBNA then, never had good luck with Citi (even the 1% Enrich), really strange

[T3rry]

Very interesting, thank you. So, how does this cash advance work? Do you go to the ATM or bank and withdraw the extra money using your CC?
yeah, you can do that, in my case i had my visa linked to my account in my online banking, i just did a funds transfer, sicne it was all CIBC it was much easier

[alanbrenton]

From my experience, for MBNA, the 15-month period starts from the time the card is issued. For Citibank, however, it seemed that the 12-month period started from the first BT transaction.

Please correct me if I am wrong. I received a new 0% BT Citibank credit card in the mail yesterday.

Could anyone confirm if Citibank now slaps a 1% transaction fee even with the 0% BT offer.

Many thanks.

[T3rry]

From my experience, for MBNA, the 15-month period starts from the time the card is issued. For Citibank, however, it seemed that the 12-month period started from the first BT transaction.

Please correct me if I am wrong. I received a new 0% BT Citibank credit card in the mail yesterday.

Could anyone confirm if Citibank now slaps a 1% transaction fee even with the 0% BT offer.

Many thanks.

citibank does not have a fee, MBNA does, i just did the transfer, then a week later i called and asked the exact date and they were able to tell me.

[artificialard]

Applied 3 weeks ago with the code from 902linger on the first page and got my card in the mail, confirmed a 0% balance transfer for 12 months! Awesome!

The limit they gave me is a little higher than what 2 traditional banks first gave me on their VISAs so I think they're quite generous with the credit limits and don't seem to check hard.

BOO, got the Citi mail today, asking me to MAIL in either
1. original paystub
2. copy of a letter from employer stating title/income, etc..

I'll try MBNA then, never had good luck with Citi (even the 1% Enrich), really strange

I don't understand Jerry, why don't you just mail-in that information??

[jerryhung]

I don't understand Jerry, why don't you just mail-in that information??

I already called and faxed them the info
But I fear that I won't have much luck with Citi, we'll see
e.g. I applied on Apr 30, you applied 3 weeks ago - you got your card, I got a mail and probably another 2~3 weeks for an answer

I already own the 1% Enrich Platinum, and I have lots of good credit
so I generally am annoyed when banks/Citi treat me like a newbie :P

[cadave]

BOO, got the Citi mail today, asking me to MAIL in either
1. original paystub
2. copy of a letter from employer stating title/income, etc..

I'll try MBNA then, never had good luck with Citi (even the 1% Enrich), really strange

Applied 3 weeks ago with the code from 902linger on the first page and got my card in the mail, confirmed a 0% balance transfer for 12 months! Awesome!

The limit they gave me is a little higher than what 2 traditional banks first gave me on their VISAs so I think they're quite generous with the credit limits and don't seem to check hard.

I don't understand Jerry, why don't you just mail-in that information??

I already called and faxed them the info
But I fear that I won't have much luck with Citi, we'll see
e.g. I applied on Apr 30, you applied 3 weeks ago - you got your card, I got a mail and probably another 2~3 weeks for an answer

I already own the 1% Enrich Platinum, and I have lots of good credit
so I generally am annoyed when banks/Citi treat me like a newbie :P

I applied May 4 - Received the card today May 14...

Jerry, don't be so quick to dismiss Citi. Maybe your application was randomly selected for audit... but I would wait until you hear an official answer, whether that be acceptance or denial until you apply for MBNA. No point in taking another hit to your credit until you know for sure.

[f00kie]

The best suggestion is to get an MBNA in the mean time. When you pay it off, cancel it, wait at least 3 months (or someone suggested you don't have to) & re-apply again after 3 months.
I re-applied after 5 months & received my 2nd 0% CITI card :razz:

Now my hubby's 2nd 0% CITI card came in :twisted: I love these American companies :D

This card & MBNA saved me thousands of dollars :!:

Hey, thanks for your response. I already have the MBNA though, and that's expiring in September. I guess I'll cancel and keep on reapplying until they get tired of sending me rejection letters in the mail.

[alanbrenton]

Hey, thanks for your response. I already have the MBNA though, and that's expiring in September. I guess I'll cancel and keep on reapplying until they get tired of sending me rejection letters in the mail.

You shouldn't. Apply for a new MBNA card and move the existing credit limit to the new MBNA card. MBNA allows for consolidation of accounts, or just the moving of credit limits from one credit card account to another.

[premium plus]

Called MBNA and got the 0% card for 15 months. Was pretty easy.

My wife already has an MBNA card...how can she get this offer? Could she get it by cancelling her card, and reapplying?

Thanks.

[alanbrenton]

citibank does not have a fee, MBNA does, i just did the transfer, then a week later i called and asked the exact date and they were able to tell me.

Hi Terry,

This was the link to the "Important Information About an Introductory Annual Interest Rate Offer on Balance Transfers" which appeared on the very first page of the existing 12 month 0% promotion.

http://www.citicards.ca/cgi-bin/gohttps?/canada/cards/direct/pdf/p2m08_00_ja.pdf

Although it takes some magnification to read through it, it says:

"The Promotional Transfer Cheque Fee is 1% for this offer."


Does this mean that I can avoid the 1% fee if I requested for a balance transfer to my cheuqing account? Is this what you did or did you have to write a citibank cheque? Not that I will not take advantage of this offer if I had to pay upfront a 1% transaction fee. :)

Thanks.

[cadave]

Hi Terry,

This was the link to the "Important Information About an Introductory Annual Interest Rate Offer on Balance Transfers" which appeared on the very first page of the existing 12 month 0% promotion.

http://www.citicards.ca/cgi-bin/gohttps?/canada/cards/direct/pdf/p2m08_00_ja.pdf

Although it takes some magnification to read through it, it says:

"The Promotional Transfer Cheque Fee is 1% for this offer."


Does this mean that I can avoid the 1% fee if I requested for a balance transfer to my cheuqing account? Is this what you did or did you have to write a citibank cheque? Not that I will not take advantage of this offer if I had to pay upfront a 1% transaction fee. :)

Thanks.

1% fee applies regardless of where it goes... it's the balance transfer fee. At least, that's what Citi told me over the phone.

[superwell]

1% fee applies regardless of where it goes... it's the balance transfer fee. At least, that's what Citi told me over the phone.

keep inmind guys this is the card that i phoned about and can't been used to transfer "money" from and into an bank account. At least this is what i was told. If someone else got different information please provide it.

EDIT: ok nevermind..i called again and spoke to someone that spoke english and yes transfers from the citi card to your bank account do work, until april 2009 and there is a 1% transfer fee...so $100 wil be $101 transfered from the card. I think I am applying....need some new windows.....

[almostfreeman]

You shouldn't. Apply for a new MBNA card and move the existing credit limit to the new MBNA card. MBNA allows for consolidation of accounts, or just the moving of credit limits from one credit card account to another.

I have to pay mine off soon. I can get the deal again by applying for another card?

[alanbrenton]

I have to pay mine off soon. I can get the deal again by applying for another card?

Pay it off, wait for one credit card statement cyle, and then apply for a new one. Do not get rid off the old one as you can transfer the credit limit to the newly approved 0% BT card.

From my experience, MBNA had been giving me about $10,000 of credit limit for each card application. If you are in a similar situation, at least you will get a 0% BT card with about $20,000 of credit limit. You can leave $500 in your old credit card if you have a relatively new credit history as you don't want your average credit history to drop significantly.

I'm planning to have my wife apply once more (in August or September) with the "BODY" (chuckle) code once the 0% citibank promo expires in July.

Hope this helps.

[iamdman]

Called MBNA and got the 0% card for 15 months. Was pretty easy.

My wife already has an MBNA card...how can she get this offer? Could she get it by cancelling her card, and reapplying?

Thanks.

Did u have to supply a code, is it 0% balance transfers?

[premium plus]

Did u have to supply a code, is it 0% balance transfers?

I didn't supply the code actually. I originally called the number provided in this thread, and got a 3rd party. I tried to explain to them how I wanted my application pushed through (being someone who used to work in financial service) and they said I'd have to call customer service for that. I called customer service, told them my story, and what I wanted, and they just gave me the promotion. They never asked for a code.

My wife called Citi today, and wasn't given an answer as to whether her app would be approved or not. It should be, but I'd still rather her get 0% for 15 months with MBNA, rather than 12 months with Citi. Does anyone know if a current MBNA customer can cancel, and reapply to get the offer?

[johnyc]

what effect will closing any unused credit card accounts that I have do to my credit info/history?
Will in increase the chances of getting a higher limit on new credit cards that I apply for?
Does closing an account have any negative effect?

[cadave]

what effect will closing any unused credit card accounts that I have do to my credit info/history?
Will in increase the chances of getting a higher limit on new credit cards that I apply for?
Does closing an account have any negative effect?

Search RFD for threads about your credit score/credit rating, but in summary, you shouldn't close your oldest credit cards as that may affect your ability to even GET the new card. Also, when you close accounts, make sure you notify the two credit reporting bureaus (Transunion and Equifax) so that your report is updated.

[T3rry]

sounds like citi changed their terms, when i did the BT, i did it to my chequing account, with 0 fee, i didn't even activate the cardbut this was 10 months ago

[jmc0]

Hi Terry,

This was the link to the "Important Information About an Introductory Annual Interest Rate Offer on Balance Transfers" which appeared on the very first page of the existing 12 month 0% promotion.

http://www.citicards.ca/cgi-bin/gohttps?/canada/cards/direct/pdf/p2m08_00_ja.pdf

Although it takes some magnification to read through it, it says:

"The Promotional Transfer Cheque Fee is 1% for this offer."


Does this mean that I can avoid the 1% fee if I requested for a balance transfer to my cheuqing account? Is this what you did or did you have to write a citibank cheque? Not that I will not take advantage of this offer if I had to pay upfront a 1% transaction fee. :)

Thanks.
Sounds like there will be a 1% transfer fee. As always, check out the fine print; as your offer may differ...

[f00kie]

Pay it off, wait for one credit card statement cyle, and then apply for a new one. Do not get rid off the old one as you can transfer the credit limit to the newly approved 0% BT card.

From my experience, MBNA had been giving me about $10,000 of credit limit for each card application. If you are in a similar situation, at least you will get a 0% BT card with about $20,000 of credit limit. You can leave $500 in your old credit card if you have a relatively new credit history as you don't want your average credit history to drop significantly.

I'm planning to have my wife apply once more (in August or September) with the "BODY" (chuckle) code once the 0% citibank promo expires in July.

Hope this helps.

So, you're saying, MBNA allows a person, like myself, to have 2 credit cards of the same 'type' with them?

[alanbrenton]

So, you're saying, MBNA allows a person, like myself, to have 2 credit cards of the same 'type' with them?

Yes. You can have, at any point in time, two of the 0% BT credit cards. I don't know if any one was able to secure three at a point in time though.

[f00kie]

Yes. You can have, at any point in time, two of the 0% BT credit cards. I don't know if any one was able to secure three at a point in time though.

Interesting, thanks a lot.

[jobeck]

From conversations with MBNA CSRs, did anyone get an idea when the BODX offer might expire?

(FYI, I currently have a card/balance for which the offer expires in Jan 2009. It would be nice if the offer extends into '09, so as to get another 15 months...)

--Updated--
Disregard.. FYI, I was approved for a second MBNA card today, with the same limit as my first. So now this card/balance will bring me to Aug 2009.

[Albertan]

Hey everyone,

I applied today using the latest link available on the first page. The link states that the current offer is 0% until April 2009.

In my application, I lised my RBC credit line account as my the transfer I wanted. However, upon review, it sounds like this area is for transfering 'high interest credit card balances'.

Will having put my credit line account in there still work (aka: will they transfer the cash to my credit line?)

Thanks!

[two*little*birds]

I just applied for the MBNA card using the BODX code.

15 months at 0% for balance transfers.

Now just have to wait for the approval. ;)

[iamdman]

I just applied for the MBNA card using the BODX code.

15 months at 0% for balance transfers.

Now just have to wait for the approval. ;)

Generally, how many days is it taking people to get approved and receive the new card in the mail?

[Ch28]

new citibank code
from 902linger, 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

Tried that link just now and I get an invalid access code error

[jerryhung]

BOO

so applied on Apr 30, sent in Income Proof 2 weeks later
got my card in the mail today (May 26), that's 4 weeks!!

And limit is only $7800...... can't increase it either unless I want another credit review/hit that takes 5 business days.

Citi is really cheap

So just want to confirm before I go ahead and xfer
1. She told me there's 1% BT transfer fee, one-time, correct yes?
2. She told me there's a 2.1% monthly fee/payment on the outstanding balance, this I never heard of or read in this thread... is this valid?

Overall it'd make the cost ~3%/annual, still cheap, but not as cheap as I like

I am disappointed, and want to try MBNA now... they always gave me more than I even asked

[cadave]

BOO

so applied on Apr 30, sent in Income Proof 2 weeks later
got my card in the mail today (May 26), that's 4 weeks!!

And limit is only $7800...... can't increase it either unless I want another credit review/hit that takes 5 business days.

Citi is really cheap

So just want to confirm before I go ahead and xfer
1. She told me there's 1% BT transfer fee, one-time, correct yes?
2. She told me there's a 2.1% monthly fee/payment on the outstanding balance, this I never heard of or read in this thread... is this valid?

Overall it'd make the cost ~3%/annual, still cheap, but not as cheap as I like

I am disappointed, and want to try MBNA now... they always gave me more than I even asked

The minimum monthly payment is 2.1% of the outstanding balance for citibank... but it's not really a cost. You're just repaying the principal. The true cost is really only the 1% BT transfer fee.

The 0% interest rate is good til April 30, 2009. So you've got approximately 10-11 monthly payments due before you need to repay the balance. So, if you do the full $7,800 transfer and you pay the minimum monthly, the amount owing at April 30, 2009 would be approximately $6372 ($7878 x 0.979^10). You'd be repaying $1506 ($7878 - $6372) over the course of the 10 months from now until next April.

Since you have it... you might as well use it. It's still better than nothing, no?

[st7860]

BOO

so applied on Apr 30, sent in Income Proof 2 weeks later
got my card in the mail today (May 26), that's 4 weeks!!

And limit is only $7800...... can't increase it either unless I want another credit review/hit that takes 5 business days.

Citi is really cheap

So just want to confirm before I go ahead and xfer
1. She told me there's 1% BT transfer fee, one-time, correct yes?
2. She told me there's a 2.1% monthly fee/payment on the outstanding balance, this I never heard of or read in this thread... is this valid?

Overall it'd make the cost ~3%/annual, still cheap, but not as cheap as I like

I am disappointed, and want to try MBNA now... they always gave me more than I even asked



don't worry about the credit review hit. it doesnt count if its from an existing credit provider that already on your profile

[jerryhung]

Thanks for the clarification, I was suspecting 2.1% was the "payment" instead of "fee". so that's all good

Ha, might as well request a credit limit increase/review

[jobeck]

Generally, how many days is it taking people to get approved and receive the new card in the mail?

I was approved with MBNA when I completed the application over the phone, although I did have to speak with a 'specialist' to review my finances. From my understanding, you are either approved or declined right away by the first CSR; however, if you are in the grey area, that CSR puts you through to a credit specialist. The application was completed last week, and so I expect to receive the card and be able to complete balance transfers this week or next...

[ricedion]

also remember to ask the CSR to remove your info from their mailing list when you activate your card. You can do so, and you will see less spam mail.

[RedBargainz]

The minimum monthly payment is 2.1% of the outstanding balance for citibank... but it's not really a cost. You're just repaying the principal. The true cost is really only the 1% BT transfer fee...

Is the 1% balance transfer fee due immediately or on the next bill? I was told by one of the CSR's that if I had a $10000 limit, I can only transfer $9900 and need to leave $100 balance in the account for the balance transfer fee. That did not make sense to me...can I not transfer the entire $10000 and wait for the next bill to pay the balance transfer fee along with the 2.1%?

[cadave]

Is the 1% balance transfer fee due immediately or on the next bill? I was told by one of the CSR's that if I had a $10000 limit, I can only transfer $9900 and need to leave $100 balance in the account for the balance transfer fee. That did not make sense to me...can I not transfer the entire $10000 and wait for the next bill to pay the balance transfer fee along with the 2.1%?

The 1% balance transfer fee is not due immediately. You can also transfer your full $10,000 limit - I specifically asked them this when I did my balance transfer. While the balance transfer fee will bring you over your credit limit, the CSR told me that they understand this and will not levy an overlimit charge on your account and the transaction will go through successfully.

As for when you pay the balance transfer fee off, I do believe that it is compounded into your balance. So if you do a balance transfer of $10,000, your balance owing would be $10,100 as of your next statement. Your minimum payment would then be $10,100 x 2.1% = ~$212.

[RedBargainz]

The 1% balance transfer fee is not due immediately. You can also transfer your full $10,000 limit - I specifically asked them this when I did my balance transfer. While the balance transfer fee will bring you over your credit limit, the CSR told me that they understand this and will not levy an overlimit charge on your account and the transaction will go through successfully.

As for when you pay the balance transfer fee off, I do believe that it is compounded into your balance. So if you do a balance transfer of $10,000, your balance owing would be $10,100 as of your next statement. Your minimum payment would then be $10,100 x 2.1% = ~$212.

Thanks, cadave. That makes more sense. I think the CSR did not know what she was talking about.

[Nethervue]

This is from post #1

MBNA 0% for 12 months(BODX)

MBNA CODE 1/8/2008 from JVM, see below:
"My wife got a MBNA 0% balance transfer offer in the mail.
Call 1-877-428-6060 an quote priority code BTZ9"

call 1-866-544-4104 and quote offer code BODX
or
1/2/2008 brand new phone code from: nolookingca
0% - 12 months, code BTZP call: 1.877.428.6060

Which number and code will work for the 15 month promotion?

Thanks!

[iamdman]

This is from post #1

MBNA 0% for 12 months(BODX)

MBNA CODE 1/8/2008 from JVM, see below:
"My wife got a MBNA 0% balance transfer offer in the mail.
Call 1-877-428-6060 an quote priority code BTZ9"

call 1-866-544-4104 and quote offer code BODX
or
1/2/2008 brand new phone code from: nolookingca
0% - 12 months, code BTZP call: 1.877.428.6060

Which number and code will work for the 15 month promotion?

Thanks!

I would also like to know. thx.

[Ch28]

This is from post #1

MBNA 0% for 12 months(BODX)

MBNA CODE 1/8/2008 from JVM, see below:
"My wife got a MBNA 0% balance transfer offer in the mail.
Call 1-877-428-6060 an quote priority code BTZ9"

call 1-866-544-4104 and quote offer code BODX
or
1/2/2008 brand new phone code from: nolookingca
0% - 12 months, code BTZP call: 1.877.428.6060

Which number and code will work for the 15 month promotion?

Thanks!

I just applied for the MBNA card using the BODX code.

15 months at 0% for balance transfers.

Now just have to wait for the approval. ;)

The answer is at the top of the page. I think it varies from person to person. You can always ask them when you let them know about the code. Just say you remember reading about a 15 month BT promotion with that code :confused:

[sexy_accountant]

Hi,
I was wondering if anyone could let me know how long it took for MBNA to deposit the funds to their account. I was told 3-5 business days by the CSR when they originally set up the transfer to my BMO chequing account on the 13th or 14th of May.

On Monday (after 5 days), I called again to see if there was a problem because the funds didn't arrive and the transfer wasn't showing as pending or anything on the MBNA online banking site. This CSR told me it was normal, that the transfer is still pending on their end, and it actually takes 6-8 business days. The last CSR seemed somewhat annoyed about me calling to check the status. Who wouldn't call about a large sum of money not being transferred when they were told it would be?

Well, its been over ten days now... I'm going to call again tomorrow if its not deposited by then and maybe ask them to cancel it so I can write myself a BT cheque? ( I was under the impression that it was faster to do it over the phone because of this forum and my experience with a Citi BT in the fall.)

Does this seem odd to any of you? Anyone with a similar experience? So far, despite the lower limit from Citi, I'm more impressed with their service.

Thanks in advance.

[902linger]

Took about 3 business days before the funds appeared in my account (PCFinancial)

[sonypcs]

THE MBNA Deal is not good as the 1 % Transaction Fee is charged on top of the balance, that means you are financing with that 1 % too if have an outstanding balance for 15 or 18 months...

That Means a $ 10000 borrowed means $ 100 in transfer fees and if you have a credit limit of $ 10000, you will went over the limit and they do charge another fee for that (which is appox $ 25 - $ 30)....

Lastly, remember to pay it off slowly ON TIME or pay it ALL or TRANSFER out to another deal before that 15 or 18 months ended or else your interest will popped up to 18.9 % right in front of your eyes for those balances accumulated from day 1....which alot of people (I mean alot = over 50 % of those client who took this deal) may be missed on payment once or not paid in full and the bank eventually wins all from you !!! so be Very careful to that !!!

I got tricked by CIBC (2.9 % jumped to 18.9 % right on 6 months) and RBC (1.9% jumped to 19.5% right on 8 months) before and they are very very stiff on negotiating how interest charged when payment paid or applied onto the account even 1 day LATE !!!

[tsgee]

THE MBNA Deal is not good as the 1 % Transaction Fee is charged on top of the balance, that means you are financing with that 1 % too if have an outstanding balance for 15 or 18 months...

That Means a $ 10000 borrowed means $ 100 in transfer fees and if you have a credit limit of $ 10000, you will went over the limit and they do charge another fee for that (which is appox $ 25 - $ 30)....

Lastly, remember to pay it off slowly ON TIME or pay it ALL or TRANSFER out to another deal before that 15 or 18 months ended or else your interest will popped up to 18.9 % right in front of your eyes for those balances accumulated from day 1....which alot of people (I mean alot = over 50 % of those client who took this deal) may be missed on payment once or not paid in full and the bank eventually wins all from you !!! so be Very careful to that !!!

I got tricked by CIBC (2.9 % jumped to 18.9 % right on 6 months) and RBC (1.9% jumped to 19.5% right on 8 months) before and they are very very stiff on negotiating how interest charged when payment paid or applied onto the account even 1 day LATE !!!


With MBNA remember that they may tell you that you have until April before the special interest rate expires but it is actually the statment date in April which could be the first week of April. If you miss that date, interest is calculated at the high rate from April of last year. So make sure to pay the balance before the statment date.

[Pseudo Nim]

THE MBNA Deal is not good as the 1 % Transaction Fee is charged on top of the balance, that means you are financing with that 1 % too if have an outstanding balance for 15 or 18 months...

That Means a $ 10000 borrowed means $ 100 in transfer fees and if you have a credit limit of $ 10000, you will went over the limit and they do charge another fee for that (which is appox $ 25 - $ 30)....

Lastly, remember to pay it off slowly ON TIME or pay it ALL or TRANSFER out to another deal before that 15 or 18 months ended or else your interest will popped up to 18.9 % right in front of your eyes for those balances accumulated from day 1....which alot of people (I mean alot = over 50 % of those client who took this deal) may be missed on payment once or not paid in full and the bank eventually wins all from you !!! so be Very careful to that !!!

I got tricked by CIBC (2.9 % jumped to 18.9 % right on 6 months) and RBC (1.9% jumped to 19.5% right on 8 months) before and they are very very stiff on negotiating how interest charged when payment paid or applied onto the account even 1 day LATE !!!


This is not correct. The 1% transfer fee IS NOT SUBJECT TO FINANCE CHARGES (unless they have changed something recently, which I doubt). It is due on the FIRST MONTH after your account is opened - your first bill will be basically the 1% charge, and $0 thereafter for the duration of the period (assuming you're getting 0% financing).

[mmhassa2]

Hi,
I was wondering if anyone could let me know how long it took for MBNA to deposit the funds to their account. I was told 3-5 business days by the CSR when they originally set up the transfer to my BMO chequing account on the 13th or 14th of May.

On Monday (after 5 days), I called again to see if there was a problem because the funds didn't arrive and the transfer wasn't showing as pending or anything on the MBNA online banking site. This CSR told me it was normal, that the transfer is still pending on their end, and it actually takes 6-8 business days. The last CSR seemed somewhat annoyed about me calling to check the status. Who wouldn't call about a large sum of money not being transferred when they were told it would be?

Well, its been over ten days now... I'm going to call again tomorrow if its not deposited by then and maybe ask them to cancel it so I can write myself a BT cheque? ( I was under the impression that it was faster to do it over the phone because of this forum and my experience with a Citi BT in the fall.)

Does this seem odd to any of you? Anyone with a similar experience? So far, despite the lower limit from Citi, I'm more impressed with their service.

Thanks in advance.

I'd be worried too, have you called up your bank? I did my BT on Saturday and the funds were in my account by Monday (Way faster than I expected) I bank with RBC.

[alanbrenton]

With MBNA remember that they may tell you that you have until April before the special interest rate expires but it is actually the statment date in April which could be the first week of April. If you miss that date, interest is calculated at the high rate from April of last year. So make sure to pay the balance before the statment date.

Shouldn't the interest begin to accrue from the month before if you missed the statement date? It doesn't make sense, at least to me, why interest will be calculated from the high rate when the minimum monthly payments until this point were being made.

[Hugh Jass]

- your first bill will be basically the 1% charge, and $0 thereafter for the duration of the period (assuming you're getting 0% financing).

It's $10 a month minimum payment with MBNA.

[Hugh Jass]

With MBNA remember that they may tell you that you have until April before the special interest rate expires but it is actually the statment date in April which could be the first week of April. If you miss that date, interest is calculated at the high rate from April of last year. So make sure to pay the balance before the statment date.

I asked them to tell me the EXACT date when the balance has to be paid. It turns out that it's my brothers birthdate so I can't forget it. I'd hate to somehow forget it and get hit with a huge interest charge. I'm setting up with bank account to send the balance a week before, just to be safe :)

[tsgee]

Shouldn't the interest begin to accrue from the month before if you missed the statement date? It doesn't make sense, at least to me, why interest will be calculated from the high rate when the minimum monthly payments until this point were being made.

That is correct if you miss a monthly payment within the year the interest jumps at the start of that months billing cycle. But when the offer ends after the 12 or 15 months (whichever you have) and you haven't paid the balance, then interest for balance transfers begin to accrue on the transaction date of the balance transfer. This is standard practice with zero interest offers from banks, stores, etc. It's another way for them to stick it to you. Just like the new credit card policy where you don't pay the balance of your regular credit card you lose the interest free grace period on all new transactions (which means as soon as you buy something you are being charged interest), to get back your interest free grace period back you have to pay the balance two months in a row.

[alanbrenton]

That is correct if you miss a monthly payment within the year the interest jumps at the start of that months billing cycle. But when the offer ends after the 12 or 15 months (whichever you have) and you haven't paid the balance, then interest for balance transfers begin to accrue on the transaction date of the balance transfer. This is standard practice with zero interest offers from banks, stores, etc. It's another way for them to stick it to you. Just like the new credit card policy where you don't pay the balance of your regular credit card you lose the interest free grace period on all new transactions (which means as soon as you buy something you are being charged interest), to get back your interest free grace period back you have to pay the balance two months in a row.

Ouch! Thanks for the clarification tsgee.

[tsgee]

I asked them to tell me the EXACT date when the balance has to be paid. It turns out that it's my brothers birthdate so I can't forget it. I'd hate to somehow forget it and get hit with a huge interest charge. I'm setting up with bank account to send the balance a week before, just to be safe :)

Great advice for everyone who did a balance transfer.

[2maddie2]

When I called to activate my MBNA card the CSR offered to set up auto payments through my bank account for the minimum monthly payment on the account, so I will never be late paying! Seems like a great idea.

[Hugh Jass]

When I called to activate my MBNA card the CSR offered to set up auto payments through my bank account for the minimum monthly payment on the account, so I will never be late paying! Seems like a great idea.

For sure. I've setup my TD account to send $10 a few days before each due date.

[grisensko]

Can someone plz explain me those deal?

If I understand well I can Apply for one of those credit card. Spend All the amount I have been allocated and pay only in 12/15 month?

Can I do Cash avance and get the foud without spending it?

Witch one shoud I consider the most? I'm young and I don't want my credit to take a big hit, is this a bad idea to apply for one of those?

[blah]

don't worry about the credit review hit. it doesnt count if its from an existing credit provider that already on your profile

Intersting. Is that also the case if applying for a second MBNA card while another one is open with an outstanding balance?

[Hugh Jass]

Can someone plz explain me those deal?

If I understand well I can Apply for one of those credit card. Spend All the amount I have been allocated and pay only in 12/15 month?

Can I do Cash avance and get the foud without spending it?

Witch one shoud I consider the most? I'm young and I don't want my credit to take a big hit, is this a bad idea to apply for one of those?

In a nutshell, you get a credit card with 0% interest on balance transfers, not purchases . You have 12/15 with 0% interest, although they do charge you a 1% transfer fee payable on the statement following the transfer.

IMO, you'll get a higher limit with the MBNA card.

As for the credit hit, unless you are planning on getting major financing soon ( house/car), this shouldn't matter so much. In fact, in the long run it could bode you well, if you look after the account properly.

[grisensko]

thx Hugh Jass.

What exactly is a Balance transfert? let say I have a 500 credit on my mastercard. they will allow me to transfert this dept to the citi card, and I wont have to pay it ,interest free, until next year?

[SirAlain]

I was approved with MBNA when I completed the application over the phone, although I did have to speak with a 'specialist' to review my finances. From my understanding, you are either approved or declined right away by the first CSR; however, if you are in the grey area, that CSR puts you through to a credit specialist. The application was completed last week, and so I expect to receive the card and be able to complete balance transfers this week or next...

How long did you have to wait (for the approval in the mail)? The 1st MBNA rep told me 4 weeks and then when I called a few days later the 2nd MBNA rep I talked to said 2 weeks.

[tsgee]

How long did you have to wait (for the approval in the mail)? The 1st MBNA rep told me 4 weeks and then when I called a few days later the 2nd MBNA rep I talked to said 2 weeks.

About 5 business day later I called 1-866-544-4104, press two and that routes you call to someone who can tell you where your application is at. Mine was approved and in the mail, she closed my old account and transferred the available credit to the new account. Once I received the new card I called to activate and did my BT of $30K.

[jerryhung]

About 5 business day later I called 1-866-544-4104, press two and that routes you call to someone who can tell you where your application is at. Mine was approved and in the mail, she closed my old account and transferred the available credit to the new account. Once I received the new card I called to activate and did my BT of $30K.

30K? envy....

[Jucius Maximus]

When I called to activate my MBNA card the CSR offered to set up auto payments through my bank account for the minimum monthly payment on the account, so I will never be late paying! Seems like a great idea.

I don't feel comfortable with having lots of places pre-authorized to remove money from my bank acct. If they mess up their billing or something, it could mean that I am out some large amount of cash.

[superwell]

just applied this morning with the BODX code. 15 months.

[sezhian]

I applied for the citicard last week and got the card y'day!

[coleworld]

Anyone pay off their MBNA in full, and then call to request a new 15 month balance transfer??

I do not want to apply for a new card... so just curious if anyone has done this.
Thanks

[tsgee]

Anyone pay off their MBNA in full, and then call to request a new 15 month balance transfer??

I do not want to apply for a new card... so just curious if anyone has done this.
Thanks

I tried, new applications only. The CSR didn't care if I had another card, but she is only able to offer the 0% interest to new applications (she doesn't have access to current accounts). So I had to apply again, get approved, add the credit limit from the old account to the new account, close the old account and then do my BT.

[Albertan]

Hey guys,

I just got my CITI card with 0% in the mail. I activated it and did a balance transfer (BT) by phone.

My question is: I know I need to pay off

A) the 1% BT fee
B) 2.1% of the balance per month (the minimum payment)

A) When do I have to pay off the 1% BT fee - when I get my first statement?

B) How can I go about setting up an automatic withdrawal that will simply make the minimum payment each month? I can't just make it, say $10,000 x 2.1% = $210, because the next month it will be ($10,000-$210) x 2.1% = $205.59.

So is there a way on CITI's website that I can set up an automatic withdrawal for the minimum payment? I have started an online account for this card, but when I click 'automatic payment' or 'schedule a payment', it just tells me I have no bills - presumably because I just activated the account?


Thanks for any tips - Basically I grabbed this as a way to throw my credit line into 0% mode and save up to pay the whole thing off in a year, as opposed to it accruing 11% interest and me slowly paying it off.

[cash_money]

I called citi bank and they dont have any 0% balance transfer offers. other than MBNA (I have a card with them already), are their any other companies offering this promotion?

[bmnb4tches]

Would this be a good First Credit Card? Are there any better options?

[alanbrenton]

I called citi bank and they dont have any 0% balance transfer offers. other than MBNA (I have a card with them already), are their any other companies offering this promotion?

why don't you apply online instead, the link is in the very first post? I just got approved a few weeks back.

[yakkers]

I just got approved.

can I please get a recent opionion on wether there is a 1% fee or not on the transfer.

The "activations" guy said there was a 1% transfer fee, but the "customer service" person didnt mention it either way.

She said my transfer to my Canadian Tire mastercard was in the works.

[yakkers]

what is the citibank website where one can view our accounts?

[Hugh Jass]

what is the citibank website where one can view our accounts?


http://www.citibank.com/canada/homepage/english/index.jsp

[st7860]

Would this be a good First Credit Card? Are there any better options?

you can try this. 9.9% forever rate, mbna, no annual fee.

https://wwwa.applyonlinenow.com/canada/baabbx6x/

[dealfreak]

I have received my card and saw that on the smaill print on the bottom it says: Balance Transfers will be treated as a "promotional transfer cheque" and ... "may be subject to a promotional transfer cheque fee of 3% of the amount transferred". Then I called them and they did confirm that a 3% fee will be charged.

[acekiller]

I have received my card and saw that on the smaill print on the bottom it says: Balance Transfers will be treated as a "promotional transfer cheque" and ... "may be subject to a promotional transfer cheque fee of 3% of the amount transferred". Then I called them and they did confirm that a 3% fee will be charged.

which card are you talking about?

[yakkers]

upodate:

I was in fact charge 130$ on a 13K transfer. So I guess there is a 1% fee?

I dont remember reading about that anywhere on the website.

can anyone else confirm wether they were charged this with citi

[TRAVEL]

I've got the CITI credit card & also the balance transfer chqs. by mail. Just wondering if there is any diff. I use those chqs to pay off my other credit card balance in the banking machine or do it on the phone thru their c/s rep.?
**I am thinking it might be faster if I just use those chq. & deposit it in the machine?

[RedLightSpecial]

I called in to CITI to inquire about the BTF and was told that there was no balance transfer fee. I specifically asked about the 3% statement at the bottom of my letter and also stated that if there was a balance transfer fee that I would not be accepting the offer. The rep said that there would be no transfer fee and I asked him to make a note of this on my account such that I could confirm this later if there was a problem.

[YYZFA]

Has anyone successfully applied for this Citibank offer since May 12?

http://www.citicards.ca/canada/cards...ccess_code=V8G


According to the this "Card Product Information" link on the last page of the application, in order to be eligible for this promotion, you needed to apply before May 12, 2008. Read the last sentence.

https://www.citibank.com/canada/cards/apps/citi/pdf/p2m08_00_ja.pdf

Is there another, more current code? How often does Citibank renew this offer?

[KAN]

I signed up and there IS a 1% balance transfert fee.
If you read your contract carefully, it is written....They called me to tell me I went over the limit...(because of the 1%)

[flito ray]

with the 1% fee is it still worth while?

i just got a mortgage would it be safe to dump the entire amount into my mortgage to lower my interest?

[mech9t5]

i went with the MBNA one since it is 15months and I already have a citi card as my primary card (citi doesn't allow multiple cards).

I am going to use the MBNA balance transfer to buy an A3 on credit... Audi is offering $1000 rebate if buying the car outright... with only a 1% BT fee, it is equivalent to financing the car at 0.8% for 15 months (audi's current financing rate is 0.9%)...

car is 40k. 1% fee is $400 so i still get $600 back from audi after the fee. my 40k can stay in the bank at about 3.5% interest which is another $1750 (without calculating compounding) over 15 months.

i end up with $2350 net!! good deal.

[cannon_fodder]

i went with the MBNA one since it is 15months and I already have a citi card as my primary card (citi doesn't allow multiple cards).

I am going to use the MBNA balance transfer to buy an A3 on credit... Audi is offering $1000 rebate if buying the car outright... with only a 1% BT fee, it is equivalent to financing the car at 0.8% for 15 months (audi's current financing rate is 0.9%)...

car is 40k. 1% fee is $400 so i still get $600 back from audi after the fee. my 40k can stay in the bank at about 3.5% interest which is another $1750 (without calculating compounding) over 15 months.

i end up with $2350 net!! good deal.

That would be a pretty good deal, but you forgot about the tax you'll pay on the interest you receive from putting the 40k in the account - if your marginal tax rate is 35% or higher, the taxes you owe would be greater than the $600 you are hoping to score from Audi after the 1% BT fee.

You've also assumed you will get $40k. I applied and received the 0% offer from Citi and I was quite surprised at the amount they advanced me considering my income, net worth and, except for my mortgage, no debt. It wasn't even half of $40k.

If you have a mortgage, you'd probably be better off taking the money and applying it to the mortgage - you'd save the interest probably on a much higher rate than 3.5% in a savings account and you wouldn't have to pay tax on it. If your mortgage was at 5% you'd save about $2500 on your mortgage over the 15 months for a net gain of $2100. Unless your MTR is less than 15%, the taxes you'd pay on the interest received would eat away the advantage of the Audi rebate/high interest savings account structure.

[flito ray]

i went with the MBNA one since it is 15months and I already have a citi card as my primary card (citi doesn't allow multiple cards).

I am going to use the MBNA balance transfer to buy an A3 on credit... Audi is offering $1000 rebate if buying the car outright... with only a 1% BT fee, it is equivalent to financing the car at 0.8% for 15 months (audi's current financing rate is 0.9%)...

car is 40k. 1% fee is $400 so i still get $600 back from audi after the fee. my 40k can stay in the bank at about 3.5% interest which is another $1750 (without calculating compounding) over 15 months.

i end up with $2350 net!! good deal.

you got 40K on your credit card??

[sckor]

i went with the MBNA one since it is 15months and I already have a citi card as my primary card (citi doesn't allow multiple cards).


This is not true. My primary credit card is a Citi Driver's Edge, but I was also successful in obtaining a Citi Gold 0% card without any problem. I even managed to get the 0% offer from them 2 years in a row. :cheesygri

That said, MBNA does seem to offer higher credit limits, and the 15 month term is a nice bonus. I just applied for this one myself, as my Citi 0% is coming to an end soon and it's always nice using someone else's money to pay down the mortgage.

Sean.

[bigwinner]

Question:

I've already got 3 different MBNA cards but I'd really like to get on this 0% deal. Here are my cards:

MBNA Preferred - 8000 limit
Sony Points MBNA - 2000 limit
Starwood Preferred Guest - 7500 limit

I would like to get rid of the sony points card altogether and take down the limits on my other cards to put on this new 0% card since I really don't need to have any limit over 4000 on a regular card that I'm not running a BT deal on. Has anybody tried this? Are credit card companys easy to deal with when you want to switch limits around on multiple cards?

[porsche22]

Just to make sure.

Is using the cheques that come in the mail about a week later the same as a balance transfer? Will I still get the 0% intrest rate with the cheques?

[sckor]

Just to make sure.

Is using the cheques that come in the mail about a week later the same as a balance transfer? Will I still get the 0% intrest rate with the cheques?

You can avoid all of this confusion by just calling customer service and doing the balance transfer over the phone. It's easy, it's fast, and you know you'll be getting the 0% transfer.

Sean.

[steinberg]

I got refused a month ago as I have Citi Driver's Edge already. Once got refused, you can't apply again within 6 months otherwise will be automatically turn down.

This is not true. My primary credit card is a Citi Driver's Edge, but I was also successful in obtaining a Citi Gold 0% card without any problem. I even managed to get the 0% offer from them 2 years in a row. :cheesygri

That said, MBNA does seem to offer higher credit limits, and the 15 month term is a nice bonus. I just applied for this one myself, as my Citi 0% is coming to an end soon and it's always nice using someone else's money to pay down the mortgage.

Sean.

[flamingo]

Question:

I've already got 3 different MBNA cards but I'd really like to get on this 0% deal. Here are my cards:

MBNA Preferred - 8000 limit
Sony Points MBNA - 2000 limit
Starwood Preferred Guest - 7500 limit

I would like to get rid of the sony points card altogether and take down the limits on my other cards to put on this new 0% card since I really don't need to have any limit over 4000 on a regular card that I'm not running a BT deal on. Has anybody tried this? Are credit card companys easy to deal with when you want to switch limits around on multiple cards?

I recently cancelled a MBNA Platinum plus (0% BT that I got last year) and flipped the limit ($5K) onto my SPG ($10K) to make it 1 credit card (MBNA SPG) with $15K limit.

I really don't see any reasons why you need 3 MBNA CCs, 1 (the SPG) should do and if you want to take advantage of the 0% BT then another one is OK.

I will cancel the CitiBank CC that I got last year for 0% BT and will apply for something similar next spring just right before the RRSP season...i can then put the amount towards RRSP or towards my mortgate.

[serbank]

Question:

I've already got 3 different MBNA cards but I'd really like to get on this 0% deal. Here are my cards:

MBNA Preferred - 8000 limit
Sony Points MBNA - 2000 limit
Starwood Preferred Guest - 7500 limit

I would like to get rid of the sony points card altogether and take down the limits on my other cards to put on this new 0% card since I really don't need to have any limit over 4000 on a regular card that I'm not running a BT deal on. Has anybody tried this? Are credit card companys easy to deal with when you want to switch limits around on multiple cards?

There are too many types of MasterCard from MBNA. Does the offer say which card we should apply? For those of you applied, what card did you get?

[superwell]

There are too many types of MasterCard from MBNA. Does the offer say which card we should apply? For those of you applied, what card did you get?

I got a platinum..i am not sure if it's the + version or not..didn't really look at it that close....still has the sticker on top of the card.

[T3rry]

I got a platinum..i am not sure if it's the + version or not..didn't really look at it that close....still has the sticker on top of the card.

witht his 0% promo mine is the Platinum Plus

[serbank]

witht his 0% promo mine is the Platinum Plus

Thank you!

I remember when I talked to a rep from MBNA to apply for the card over the phone, we did not even talk about which card I was applying - just worried of getting a card with annual fee.

BTW: Today, I got a missed call from (613) 907 4800 but no voice message left. I figured out that number is from MBNA. Is it normal to receive a call from MBNA the next day after applying for their products over the phone?

[y2knp]

Hey guys, Im new to this thread. Can anyone tell me how the MBNA balance transfer works? I have citi master card now, so i can transfer my balance owing from citi to MBNA? How to apply for the MBNA(phone or internet)? thx

[Hugh Jass]

Hey guys, Im new to this thread. Can anyone tell me how the MBNA balance transfer works? I have citi master card now, so i can transfer my balance owing from citi to MBNA? How to apply for the MBNA(phone or internet)? thx

http://www.redflagdeals.com/forums/showthread.php?t=352003

[y2knp]

http://www.redflagdeals.com/forums/showthread.php?t=352003

I got $10k credit limit from citi master card, how to spend that 10k and transfer the balance to the newly applied 0% interest mbna master card? Should I write the citi cheque to myself? thx

[Pinocchio]

just applied this morning with the BODX code. 15 months.

So the BODX code is for the 15 month MBNA card not the 12 month promo? Just want to confirm before I apply...

Thanks :)

[Ryu69]

hey everyone. does anyone have a code that works for the citibank 0% balance transfer card? thanks

[sckor]

So the BODX code is for the 15 month MBNA card not the 12 month promo? Just want to confirm before I apply...

Thanks :)

Yeppers. Just got approved today. :D

Sean.

[superwell]

Hey guys I just received some transfer cheques from the MBNA card..about 4 days after i got the card. Are these in anyway like the citi ones, that screw you over with the interest rate? I read it over and they look like they say "this is a 0% off" on them but I just wantde to make sure as no one really talks about the MBNA cheques and only about the citi ones.

thanks

[Ryu69]

hey guys. for the citi mastercard V8G code, is there a 1% balance transfer fee? i remember before there wasn't. thanks.

[alanbrenton]

hey guys. for the citi mastercard V8G code, is there a 1% balance transfer fee? i remember before there wasn't. thanks.

Yes, there is. While applying online, you could click on a link to a document that would indicate a 1% fee. The CSR I spoke to didn't see any notation on my file but in the end I still had to pay 1% of the transferred amount.

[yangger]

Already have a mbna card with 15k limit. Applied on Tuesday and approved for a new card with no more limit, transfered over 15k limit from old card to the new card for 0% -15 month BT. Called in today (Thursday) to have BT to my TD line of credit account. Asked for 0.5% transfer fee and got it right the way.
Super!

[ricedion]

Already have a mbna card with 15k limit. Applied on Tuesday and approved for a new card with no more limit, transfered over 15k limit from old card to the new card for 0% -15 month BT. Called in today (Thursday) to have BT to my TD line of credit account. Asked for 0.5% transfer fee and got it right the way.
Super!

wow. I haven't heard anyone asked for 0.5% transfer fee. u were so lucky. I would have tried if I hear your success story. maybe next time. and the agent didn't give you a hard time on your request?

[alanbrenton]

Already have a mbna card with 15k limit. Applied on Tuesday and approved for a new card with no more limit, transfered over 15k limit from old card to the new card for 0% -15 month BT. Called in today (Thursday) to have BT to my TD line of credit account. Asked for 0.5% transfer fee and got it right the way.
Super!

You got a new card with no more limit --> what does this exactly mean?

[superwell]

Hey guys I just received some transfer cheques from the MBNA card..about 4 days after i got the card. Are these in anyway like the citi ones, that screw you over with the interest rate? I read it over and they look like they say "this is a 0% off" on them but I just wantde to make sure as no one really talks about the MBNA cheques and only about the citi ones.

thanks

no one?

[pogs]

Already have a mbna card with 15k limit. Applied on Tuesday and approved for a new card with no more limit, transfered over 15k limit from old card to the new card for 0% -15 month BT. Called in today (Thursday) to have BT to my TD line of credit account. Asked for 0.5% transfer fee and got it right the way.
Super!

You got a new card with no more limit --> what does this exactly mean?

Yes, I have the same question. Did you simply get a new card issued, with no additional limit...which allowed you to transfer your existing MBNA balance to the new card?

I am thinking about applying again once my current 15 mth offer expires, then transferring the amount to my new card...if it works. I wonder if I have to wait till my first 0% offer expires or if I can apply a month or two before the end? :cheesygri

[xansmommy]

in the other thread about this I had posted that I applied for a 2nd card as an experiment and received it in only a few days (they didn't call or anything this time). I still have an active 0% 15 mth card which has a balance.

I am going to clear that balance and consolidate my limits for another 15 months at 0%

Laura

[lalatwk]

Hi Yangger,

Which phone number did you use ? I called couple of MBNA phone numbers. None of them will give 0.5% Balance transfer fee.

Already have a mbna card with 15k limit. Applied on Tuesday and approved for a new card with no more limit, transfered over 15k limit from old card to the new card for 0% -15 month BT. Called in today (Thursday) to have BT to my TD line of credit account. Asked for 0.5% transfer fee and got it right the way.
Super!

[Mr Nobody]

I just posted this in the MBNA thread, but now I realized this thread talks about both cards and gets more hits than the other thread. Sorry for the cross post.

---

I'm in need of some short term cash, I currently have the MBNA which I will be paying back at the end of July. I had the Citibank which is payed off and I can't reapply until end of July.

What are my options:

1. Call MBNA for a new card, (will they give me a new card since I already have one with full balance?), pay off my existing card, then combine the two.

2. Pay off my existing card early, then call for a new card, then do the combining thing.

3. ???


Also, I currently have the following from oldest to newest. Should I cancel 3 or 5?

1. Visa Gold (oldest card, unused)
2. PCF (2nd oldest, this is the workhorse)
3. Crappy Tire (was the 3%, unused, almost 2 years old)
3. MBNA 0%
4. CapitalOne (the $75 free BzzAgent card, unused)

[bigsky2]

new citibank code
from 902linger, 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G


This promotion code, while the URL still works, is not valid anymore if you read the fine print.

Your completed Application, and each Balance Transfer Request, must be received by May 12, 2008, to qualify for this balance transfer offer.

Are there new promotion codes for applications made after this May 12, 2008?

[cash_money]

i applied and was accepted after may 12th...i got my card a couple weeks ago...

[flito ray]

i applied and was accepted after may 12th...i got my card a couple weeks ago...

if you got a 0% card before will they give you another one? I had one about 2 years ago.

[Pseudo Nim]

if you got a 0% card before will they give you another one? I had one about 2 years ago.

They USUALLY do it. I've been flipping between Citi / MBNA for a few years now, cancelling the cards when I pay out the amount.

[flito ray]

They USUALLY do it. I've been flipping between Citi / MBNA for a few years now, cancelling the cards when I pay out the amount.

is it wise to cancel a card? doesn't your credit score take a hit??

[Octavius]

is it wise to cancel a card? doesn't your credit score take a hit??

It does, as does carrying a balance on your credit card for a year.

That being said, if you have no need to have immaculate credit (don't need to apply for a mortgage, loan, etc within the next year or two), then why not make some cash with someone else's money?

[Pseudo Nim]

It does, as does carrying a balance on your credit card for a year.

That being said, if you have no need to have immaculate credit (don't need to apply for a mortgage, loan, etc within the next year or two), then why not make some cash with someone else's money?

That is basically correct. As well, your credit score doesn't take nearly as much of a hit as it would had you done something "bad", and if anything, having a "loan" on a credit card, again, causes the hit to be much worse than for closing a card. I would argue that (and someone in the know, please correct me if I'm wrong), paying off a loan gives a higher "bonus" than closing a card. Opening is probably not that great, though, but oh well.

[bmnb4tches]

I got turned down because stupid Equifax said I had no credit history

[krs]

It does, as does carrying a balance on your credit card for a year.


Why would canceling a credit card give you a hit on your credit score?
If anything, it should improve the score.

Last time I talked to a bank about credit, they pretty much considered every credit card and the credit limit on each card, not what I actually owed.
So if you cancel a card, your total credit limit goes down, the amount of debt you can possibly incur becomes less and your credit rating should improve.

However, having said that, I found that banks don't take Equifax to seriously. When CIBC specifically checked Equifax for my CIBC LOC, the manager showed me the details and Equifax still had a mortgage listed that I had paid off years ago.
Comment from the CIBC manager: don't worry, Equifax is often wrong, we only look at it casually.

[T3rry]

Why would canceling a credit card give you a hit on your credit score?
If anything, it should improve the score.

Last time I talked to a bank about credit, they pretty much considered every credit card and the credit limit on each card, not what I actually owed.
So if you cancel a card, your total credit limit goes down, the amount of debt you can possibly incur becomes less and your credit rating should improve.

However, having said that, I found that banks don't take Equifax to seriously. When CIBC specifically checked Equifax for my CIBC LOC, the manager showed me the details and Equifax still had a mortgage listed that I had paid off years ago.
Comment from the CIBC manager: don't worry, Equifax is often wrong, we only look at it casually.
Actually, they take strongly in to account the average length of credit... so canceling a card does effect it, buy shortening the average length of credit

[engo]

Why would canceling a credit card give you a hit on your credit score?
If anything, it should improve the score.

Last time I talked to a bank about credit, they pretty much considered every credit card and the credit limit on each card, not what I actually owed.
So if you cancel a card, your total credit limit goes down, the amount of debt you can possibly incur becomes less and your credit rating should improve.

However, having said that, I found that banks don't take Equifax to seriously. When CIBC specifically checked Equifax for my CIBC LOC, the manager showed me the details and Equifax still had a mortgage listed that I had paid off years ago.
Comment from the CIBC manager: don't worry, Equifax is often wrong, we only look at it casually.

There are threads provides detailed information on how credit scores works in relate to # of cards, length, and effect of cancelling cards. They are really helpful if you're interested. Try do a search and you will find them. If can't find them, PM me and I'll help you on that.

[jobeck]

A question for those who have two MBNA cards (both under the 0% promotion):

Assume your first card limit was $10,000, and the promo is about to expire. Let's say you now get approved for a second card with a $5,000 limit (with the 0% BT promo). Can you combine the $10,000 limit onto your second card to give you a $15,000 limit -- all of which you could use at 0% for 15 months?

Thanks!!

[patrob]

A question for those who have two MBNA cards (both under the 0% promotion):

Assume your first card limit was $10,000, and the promo is about to expire. Let's say you now get approved for a second card with a $5,000 limit (with the 0% BT promo). Can you combine the $10,000 limit onto your second card to give you a $15,000 limit -- all of which you could use at 0% for 15 months?

Thanks!!

YES:!:

I just paid off my MBNA 0% card last month, applied for another one 1 week later, got approved for $5,000, since already had $22,000 on the other card :D

I called them to transfer the "old limit" to the new card but they offered to still increase my "old" MBNA limit to $25,000 & would apply the same 0% offer for 15 months on the "old" card & I still get to keep my new card with 0% :twisted:

I love these US companies :D Never had to use my credit line yet & have been doing this for a few years now with both MBNA & CITI cards ;)

[HockeyFan]

YES:!:

I just paid off my MBNA 0% card last month, applied for another one 1 week later, got approved for $5,000, since already had $22,000 on the other card :D

I called them to transfer the "old limit" to the new card but they offered to still increase my "old" MBNA limit to $25,000 & would apply the same 0% offer for 15 months on the "old" card & I still get to keep my new card with 0% :twisted:

I love these US companies :D Never had to use my credit line yet & have been doing this for a few years now with both MBNA & CITI cards ;)

Ya, you'll never see a canadian company offereing deals like these. Was very happy to get the $20K MBNA 0% interest card. Should be paid off by the expiry.

[iluvmikeharris]

This promotion code, while the URL still works, is not valid anymore if you read the fine print.

Your completed Application, and each Balance Transfer Request, must be received by May 12, 2008, to qualify for this balance transfer offer.

Are there new promotion codes for applications made after this May 12, 2008?

Can anyone confirm they've been able to use this after May 12?

[matkun]

Can anyone confirm they've been able to use this after May 12?

Yes, I submitted my app about a week or two ago, using the 'new code' on the front page. I called in to check my status, got approved and I have the 0% on balance transfers, though there is a 1% balance transfer fee, like with MBNA.

[engo]

Yes, I submitted my app about a week or two ago, using the 'new code' on the front page. I called in to check my status, got approved and I have the 0% on balance transfers, though there is a 1% balance transfer fee, like with MBNA.

For anyone approved after May 12, would the the 0% balance transfer end April 2009 as stated on the application? Or would there be a 12 month 0% start from the date you do the balance transfer?
Thanks!!

[T3rry]

Ya, you'll never see a canadian company offereing deals like these. Was very happy to get the $20K MBNA 0% interest card. Should be paid off by the expiry.
by saying "payid off" it gives me the imrpessiont hat you're making substantial monthly payments to pay it off before the promo runs out... if i were you i'd take those payments and throw them in a savings account and just pay the whole thing off like 2 weeks before the promo ends, that way you can collect a bit of interest on it and it'll still be paid off on time..

[tsgee]

For anyone approved after May 12, would the the 0% balance transfer end April 2009 as stated on the application? Or would there be a 12 month 0% start from the date you do the balance transfer?
Thanks!!

It's from the approval date of your application, NOT the date of the transfer. With MBNA remember that they may tell you that you have until April 2009 before the special interest rate expires, but it is actually the statement date in April 2009, NOT the payment due date. If you miss that date, interest is calculated at the high rate from the date of you BT last year. So make sure to pay the balance before the statement date.

[engo]

For anyone approved after May 12, would the the 0% balance transfer end April 2009 as stated on the application? Or would there be a 12 month 0% start from the date you do the balance transfer?
Thanks!!

It's from the approval date of your application, NOT the date of the transfer. With MBNA remember that they may tell you that you have until April 2009 before the special interest rate expires, but it is actually the statement date in April 2009, NOT the payment due date. If you miss that date, interest is calculated at the high rate from the date of you BT last year. So make sure to pay the balance before the statement date.

Thanks tsgee for your help!

Just to clarify if I understand correctly ...
For Citibank 0%, if I applied and got approval after May 12, would the 0% last till April 2009 or it's 12 months from approval date? Thanks

[Albertan]

Hey guys!

Can anyone explain something to me - I just applied for the MBNA 0% card for 15 months using the BODX code.

Once I get approved, how do I take advantage of the 0%? I asked the girl on the phone, but she was only interested in reading me a canned speech to get me to buy some stupid insurance :lol:


Is it like CITI, where I get some special 0% balance transfer cheques?


Thanks!

[st7860]

you phone mbna to have them deposit the money to your bank account, or to transfer it to another credit card.

even if you don't have a big credit card bill to pay off, then just shove it in your bank account until you figure out what to do with it.

[flito ray]

you phone mbna to have them deposit the money to your bank account, or to transfer it to another credit card.

even if you don't have a big credit card bill to pay off, then just shove it in your bank account until you figure out what to do with it.

is it the same for citibank? I just got my card but didn't receive any 0% promotional cheques. can i just call them up and they'll do the 0% balance transfer over the phone for me? does anyone know? or should i wait a bit for the cheques?

[st7860]

is it the same for citibank? I just got my card but didn't receive any 0% promotional cheques. can i just call them up and they'll do the 0% balance transfer over the phone for me? does anyone know? or should i wait a bit for the cheques?

citibank and mbna can both transfer to bank accounts or credit cards by phone. no need to wait for cheques in the main. its just a little bit more work since you need to know your branch transit number, account number, and bank institution number.

[Known2KiLL]

To everyone applying for the MBNA card. Are you doing so by calling or is there a link online to do this?

I applied for the citi card and got denyed for some unknown reason. I checked my credit score and it was in the 730s so I'm not sure what the issue was. I think I'll try MBNA as I heard they are not as strict with new applicants.

[st7860]

To everyone applying for the MBNA card. Are you doing so by calling or is there a link online to do this?

I applied for the citi card and got denyed for some unknown reason. I checked my credit score and it was in the 730s so I'm not sure what the issue was. I think I'll try MBNA as I heard they are not as strict with new applicants.

its entirely normal for MBNA to approve someone when CITI won't. citi has oddball criteria. citi in particular, tends to (but not always) want to check your equipment. MBNA usually couldn't care less as long as you tell them the employer's name, your income, AND you have some sort of decent credit history.

how do you know your score is in the 730s? did you pay about $20 for those online ones from tuc.ca or equifax.ca ?

[Known2KiLL]

its entirely normal for MBNA to approve someone when CITI won't. citi has oddball criteria. citi in particular, tends to (but not always) want to check your equipment. MBNA usually couldn't care less as long as you tell them the employer's name, your income, AND you have some sort of decent credit history.

how do you know your score is in the 730s? did you pay about $20 for those online ones from tuc.ca or equifax.ca ?

Thanks for the info.

And yes, I did pay the fee with Equifax once I was denied by Citi. It was the first time I have ever been denied a card so I was a bit worried. Paid it all for nothing though :(

At least I know there has been no fraud on my account.. I've never gotten a report of any sort in the past.

[oakville]

see the posing long time ago, googled 1-866-544-4104, and this number appears no showing anywhere else, except redflag. did not call the line, wary of my privacy data, but call the number and applied a card today, need money and can not resist the tempertation :o




new citibank code
from 902linger, 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

expired citibank codes
from woofy, 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=b8w
from chaotic monk
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=q8x
Citibank 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A


woofy said this number is the number for citibank: 1-866-848-9548


MBNA 0% for 12 months(BODX)

MBNA CODE 1/8/2008 from JVM, see below:
"My wife got a MBNA 0% balance transfer offer in the mail.
Call 1-877-428-6060 an quote priority code BTZ9"

call 1-866-544-4104 and quote offer code BODX
or
1/2/2008 brand new phone code from: nolookingca
0% - 12 months, code BTZP call: 1.877.428.6060


or MBNA mastercard 9.9% forever rate. no annual fee.
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=6624159&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaabbx6x

or presidents choice financial mastercard.
www.pcfinancial.ca 0.97% on balance transfers for 6 months. NO transaction fee.

or TD Bank Gold Select Visa - no annual fee, 4.9% for 6 months, no transaction fee.

or CIBC Select Visa $30 annual fee, 12.9% interest. lousy rate, but it will never increase.

or Capital one Mastercard prime + 0.9% forever rate, no annual fee.

[scoobydoo]

0% for 12 months is still available from MBNA?

[f00kie]

Just want to update this thread regards Citi...

My 12 month promo expired not too long ago. Paid off my balance about 7 days before date, then called a few days later and canceled it. The very next day, applied for a new one online (though the codes here). Received it ~2 weeks later; called about a week after that and did the BT. This time, it was still 0% but with a 1% fee. Whatever.

As for credit limits... on the first Citi, I started with $4300, and increased to about $6500 after about 8 months. The new card is only $3400, but I'm okay with that.

[bill01]

Hey I got the mbna 0% 15 months , credit limit 5000$:cheesygri but i need the money now. I ask the guy there if I can transfer the money now because i dont want to wait 2 weeks and he said its not possible:confused:

[oakville]

will MBNA charge any fee for balance transfer?

Hey I got the mbna 0% 15 months , credit limit 5000$:cheesygri but i need the money now. I ask the guy there if I can transfer the money now because i dont want to wait 2 weeks and he said its not possible:confused:

[patrob]

will MBNA charge any fee for balance transfer?

Yes, 1% of the transfer amount.

But make sure you do not go over your limit, for ex:. You have $5,000 limit, transfer only $4,950 since your transfer fee will be $49.50 :idea:

[Ch28]

Hey I got the mbna 0% 15 months , credit limit 5000$:cheesygri but i need the money now. I ask the guy there if I can transfer the money now because i dont want to wait 2 weeks and he said its not possible:confused:

You gotta wait 2-5 business days for the amount to transfer over to your bank account after you confirm your card.

[Kosaic]

I've read a lot here, but have come to no conclusions due to the size of the thread :)

Today, what is the best deal out there, for a Balance Transfer Credit Card?

Looking for suggestions based on experience.

I'm looking to pull the perverbial trigger today on one.

Thanks all !

[Kosaic]

" call 1-866-544-4104 and quote offer code BODX "

Just called, this worked and I got 0% for 15 months ...

Just as an FYI

[Ryu69]

just got my balance transfer done over the phone. last year i had citibank, but with the 1% fee this year, i decided to go with MBNA with the $10 minimum payment instead of the citibank 2% minimum payment.

[evilution]

My mom did this.
She got approved for 15000.
Her english is her second language, and apparently she agreed to the insurance. (Although she claims she didn't).

She has been charged insurance fee's for about 4 months now.
1% of your balance (of 15000) is $150 a month!!
4 months is $600!! plus overdraft fee's because she just pays the $10 a month, and with the $150 insurance, she is over her limit of 15000.

Since $10 isn't enough to cover the minimum payment, she lost out on the promotion. However MBNA is nice and said they can reinstate it once the account is balanced.
I've paid the $600 or so for her and have cancelled the insurance.

I've called MBNA and complained, they state it's not their fault, and that my mother had time to cancel.

I want to get the $600 back though.
The contract doesn't seem valid to me. My mother didn't seem to have the capacity to make the acceptance. Any lawyers out there care to chime in?

[coopercold]

Yes, 1% of the transfer amount.

It's only 1% if you can't negotiate it down. I have found that when I ask nicely, they will always reduce it to 0.5%. :D YMMV

[coopercold]

My mom did this.
She got approved for 15000.
Her english is her second language, and apparently she agreed to the insurance. (Although she claims she didn't).

She has been charged insurance fee's for about 4 months now.

Too bad... she should have cancelled after she noticed the charge on her first statement.

They would have read her the disclaimers, etc. over the phone when she agreed to the insurance, and Bank of America (MBNA Canada) recorded the call. So I think she's outta luck. :(

[T3rry]

the only chance you MIGHT have is of you threaten to cancel the card...

[T3rry]

my citi was done last month, just signed up for the MBNA card with the 866 Ph# above and Bodx code... she confirmed 3 times that it'd be the 0% for 15 months.

[scoobydoo]

my citi was done last month, just signed up for the MBNA card with the 866 Ph# above and Bodx code... she confirmed 3 times that it'd be the 0% for 15 months.

Which 866 number? I called the one in the first post and it was out of service. I called twice to make sure. 1-866-544-4104.

[canabiz]

My mom did this.
She got approved for 15000.
Her english is her second language, and apparently she agreed to the insurance. (Although she claims she didn't).

She has been charged insurance fee's for about 4 months now.
1% of your balance (of 15000) is $150 a month!!
4 months is $600!! plus overdraft fee's because she just pays the $10 a month, and with the $150 insurance, she is over her limit of 15000.

Since $10 isn't enough to cover the minimum payment, she lost out on the promotion. However MBNA is nice and said they can reinstate it once the account is balanced.
I've paid the $600 or so for her and have cancelled the insurance.

I've called MBNA and complained, they state it's not their fault, and that my mother had time to cancel.

I want to get the $600 back though.
The contract doesn't seem valid to me. My mother didn't seem to have the capacity to make the acceptance. Any lawyers out there care to chime in?

I find some of the reps are very sneaky, I recently applied for another MBNA CC with 0% balance transfer and even though I repeatedly told the rep that I am not interested in the insurance, he put that on my card anyway. I only found out when I received the CreditWise statement (from an insurance company in Kingston, ON). I immediately called that company and cancelled the insurance on the spot.

Be very careful with those reps, if your mom doesn't speak or understand English well enough, try to see if you can act on her behalf and deal with those agents.

[sexpuppet6000]

My citi 0% from last year just expired. I have heard that people had received promotion renewals, but when I called in to ask several months ago they told me that was a 'one-time' deal promotion and could not be renewed. How much truth is there to this?

How can I go abouts renewing my last years offer?

[sexpuppet6000]

My mom did this.
She got approved for 15000.
Her english is her second language, and apparently she agreed to the insurance. (Although she claims she didn't).

She has been charged insurance fee's for about 4 months now.
1% of your balance (of 15000) is $150 a month!!
4 months is $600!! plus overdraft fee's because she just pays the $10 a month, and with the $150 insurance, she is over her limit of 15000.

Since $10 isn't enough to cover the minimum payment, she lost out on the promotion. However MBNA is nice and said they can reinstate it once the account is balanced.
I've paid the $600 or so for her and have cancelled the insurance.

I've called MBNA and complained, they state it's not their fault, and that my mother had time to cancel.

I want to get the $600 back though.
The contract doesn't seem valid to me. My mother didn't seem to have the capacity to make the acceptance. Any lawyers out there care to chime in?

Isn't it an annual rate?
1% of 15,000 = $150/year or $12.5/month

[scoobydoo]

We can send the money they give us to our bank account when we get the 0% fee card?

[flame02]

Isn't it an annual rate?
1% of 15,000 = $150/year or $12.5/month

insurance on credit cards are usually a monthly rate of 1%, not annually.

[Beagle]

Yes, 1% of the transfer amount.

But make sure you do not go over your limit, for ex:. You have $5,000 limit, transfer only $4,950 since your transfer fee will be $49.50 :idea:

https://wwwa.applyonlinenow.com/CACCapp/Ctl/display?pageid=appdisc

Depending on the card... one with a 'permanent' 6.99% rate has the 1% charge with fine print that it has a right to charge that, or a minimum of $7.50 for it...

"You will be charged the greater of $7.50, or a fee equal to 1% of the total amount of the transaction for each of the following:
Balance Transfers (including Cheque Cash Advances); Cash Advances; the purchase of Cash Equivalents; and if you make a Wire Transfer Purchase".

[patrob]

https://wwwa.applyonlinenow.com/CACCapp/Ctl/display?pageid=appdisc

Depending on the card... one with a 'permanent' 6.99% rate has the 1% charge with fine print that it has a right to charge that, or a minimum of $7.50 for it...

"You will be charged the greater of $7.50, or a fee equal to 1% of the total amount of the transaction for each of the following:
Balance Transfers (including Cheque Cash Advances); Cash Advances; the purchase of Cash Equivalents; and if you make a Wire Transfer Purchase".

Link not working.

Obviously we are not talking about any other MBNA card but the one with 0% for 12 or 15 months & 1% transfer fee ;) Yes, there is a min. charge of $7.50 but we all know that most if not all people transfer their almost full credit limit, so you are way passed the minimum anyways :D

[pureenergon]

i applied and got approved like in a matter of moments in the first call.. back in march/april 08??? all i had to do was fax in some documentation and i would be recieving my card shortly. But each time i fax something i been getting the run arround with account verification faxing my driver liscence or utility statement. each time i call to confirm they recieved it they say too dark, never received, cc bill not valid blah blah blah bs.

after 5 different faxes i finally and a bunch of phone calls, i get approval to get card sent out. they said they will courier it for me for all the inconveniences. Felt a lil better after being annoyed bout faxing and calling a load of times...

one week later.. i get a letter saying i was no longer approved and was to contact the credit bureau!!

i was like wtf. so i called back ONE AGAIN to find what the hell was goin on. had to talk to a credit senior to get it completed. they said they will courier it out again. ok. i feel less annoyed.

i forget about the courier option and the mbna card. (painting my apt) i realize. where is my mbna card?

i call them AGAIN and they said the card was just created and being shipped out. omfg.. does applications take this bloody long ?

i asked if the 15mth promo was still valid and they said yes and i can still call to do the transfer even though i dont have the bloody card recieved yet..

makes me wonder now.. for the 0% ball trans.... was it all worth the time and annoyance.???


sigh.*

[Hugh Jass]

makes me wonder now.. for the 0% ball trans.... was it all worth the time and annoyance.???


I hear ya. Each month I have to call them ( MBNA) and tell them that the statement I just received has charged me $370+ interest and I'm on the 0% promo offer. They then check it out and proceed to apologise, telling me that it's now fixed......until the next statement comes.

But is it worth it? For sure. My $22K has made me more than $5k already and I have another 11 months to go :)

[jchanq]

My $22K has made me more than $5k already and I have another 11 months to go :)

How did $22K made $5K for you? Did you invest in stocks?

[Mei Yee]

So my 15 months expired, and I have paid back the money to MBNA. When I asked if there were any further deals, they offered me 4.99%. Like NOOO!

I am wondering what to do next. If I call them and quote BODX, do you think they will let me have the 0% rate again, or should I cancel my card, then call in about a month from then?

Also, my cousin had a Citibank card and he has paid it back. Same question - can he get another 0% deal?

Has anyone been through this sort of thing?

Thank you in advance!

[kneevase]

am wondering what to do next. If I call them and quote BODX, do you think they will let me have the 0% rate again, or should I cancel my card, then call in about a month from then?

I simply applied for a second card using BODX. When I called in to do the balance transfer, they combined my old card with my new one, giving me an even higher limit than the first time. So, it worked better for me to have not cancelled my first card. It's the gift that keeps on giving! I'd love to do it again in 2009 if MBNA is still offering this promotion.... :cheesygri :cheesygri


Also, my cousin had a Citibank card and he has paid it back. Same question - can he get another 0% deal?

Has anyone been through this sort of thing?

With Citibank, I had to cancel and then re-apply. The CSR told me that I had to wait at least 3 months to get the balance transfer deal again, so that's what I did. IMO, it's not quite as sweet as the MBNA deal, but....

[Steve_YXE]

Just applied for my second MBNA card. Last year I got a credit limit of $20k,which I just paid off last month, they have increased my limit to $25k now. Will be interesting to see what I get for my new card.

When they offer you the insurance I suggest you very clearly say " NO I DECLINE" since they do record it, and there is no way misinterpret those three words.

I used the last offer to pay off my HELOC and RRSP contributions, now I don't have any debt to pay off so I'm going to take all the money to the casino and put it all on RED.

Quick way to double my money!!!:lol: :lol: :lol:

[scoobydoo]

You gotta wait 2-5 business days for the amount to transfer over to your bank account after you confirm your card.

It's possible to send the balance of the 0% card to your bank account? What's that called, just wire transfer?

[T3rry]

It's possible to send the balance of the 0% card to your bank account? What's that called, just wire transfer?

it's called a balance transfer to your chequing account.

[Hugh Jass]

How did $22K made $5K for you? Did you invest in stocks?

Yep. Strictly bank stocks. Made another $492 today on BMO :)

[jerryhung]

Yep. Strictly bank stocks. Made another $492 today on BMO :)

I wish my heart is as strong as yours, because it could've been -$492 easily, once you get into securities

[Hugh Jass]

I wish my heart is as strong as yours, because it could've been -$492 easily, once you get into securities


LOL, I know. I made a decent wedge in the dotcom bubble and proceeded to lose most of it.....

[sexpuppet6000]

LOL, I know. I made a decent wedge in the dotcom bubble and proceeded to lose most of it.....

join the club.. haha

[scoobydoo]

How long does it take them to approve of your credit app?

I forgot about some financial information so I think I might be denied... sigh.

[Hugh Jass]

How long does it take them to approve of your credit app?

I forgot about some financial information so I think I might be denied... sigh.

They may call you to clarify some details, like if you missed a question etc.

[hprockets]

They may call you to clarify some details, like if you missed a question etc.

what happens if you miss that call?

[Hugh Jass]

what happens if you miss that call?

Call them and ask what the status of your app is.

[T3rry]

Anybody know if you can get 2 cards under different names combined? my wife applied about 4 months ago and got $7500, then i just applied the other day and i found out today I'm approved for $10,000, and i combine them to one card under my (the longer lasting) promo rate? and turn it in to a joined account?

[scoobydoo]

They denied me the credit card saying they only have 2 years of my past history on file, they should have at least 6, if not 10, how do I go about getting the credit agencies to collect all my information? This is ridiculous. I wanted this good deal, they told me to come back in 2011! According to some predictions the world is supposed to 'end' in 2012, so they are leaving me a bit short.

[cash_money]

They denied me the credit card saying they only have 2 years of my past history on file, they should have at least 6, if not 10, how do I go about getting the credit agencies to collect all my information? This is ridiculous. I wanted this good deal, they told me to come back in 2011! According to some predictions the world is supposed to 'end' in 2012, so they are leaving a bit short.

thats BS, because i have only had a credit report for 2 years and they approved me for a pretty large limit right on the spot...

[IzzLe]

thats BS, because i have only had a credit report for 2 years and they approved me for a pretty large limit right on the spot...

Same here. I am a student too.

I got approved for the card 3-4 days ago using the link on RFD's main page (RF1, 0.9% interest rate + 3 % fees on transfers). Today I found out about the 0 % interest + 1 % transfer fees offered with V8G promotion code (sigh... should have looked a bit more ). I will try to give them a call tomorow to see if I can get the same conditions offered with V8G. Anyone know if they can/will accept to give me V8G? (I haven't received the card yet, any advice would be welcome).

Thanks

[Mei Yee]

I simply applied for a second card using BODX. When I called in to do the balance transfer, they combined my old card with my new one, giving me an even higher limit than the first time. So, it worked better for me to have not cancelled my first card. It's the gift that keeps on giving! I'd love to do it again in 2009 if MBNA is still offering this promotion.... :cheesygri :cheesygri




With Citibank, I had to cancel and then re-apply. The CSR told me that I had to wait at least 3 months to get the balance transfer deal again, so that's what I did. IMO, it's not quite as sweet as the MBNA deal, but....



Thanks kneevase!!

HOWEVER, the saga continues. They called and I picked up the phone. The fast talking rep offered me a card, (since I was sooo special) at 1.99% for up to 100,000. Then she asked me a bunch of questions and I said I made 100,000 a year. I guess the max they will give me is 20,000 then, because I saw in an earlier thread that someone got 20% of their income.... Anyway, I think I am going to call up and quote BODX and see what they say.

Thanks. Cousin will be advised that he should cancel the Citi bank card and reapply in 3 months. DOES CANCELLING A CARD AFFECT ONE'S CREDIT RATING?

Thanks again! Mei

[rockbottom]

They denied me the credit card saying they only have 2 years of my past history on file, they should have at least 6, if not 10, how do I go about getting the credit agencies to collect all my information? This is ridiculous. I wanted this good deal, they told me to come back in 2011! According to some predictions the world is supposed to 'end' in 2012, so they are leaving me a bit short.

I like your humour!

[HockeyFan]

DOES CANCELLING A CARD AFFECT ONE'S CREDIT RATING?

Thanks again! Mei

Yes it does. Apparently if you don't want to use it then just cut it up and keep the account open. I've read closing accounts affects your score. Not too sure why it should, but I remember reading it did. :cry:

[scoobydoo]

I like your humour!

Thanks. I wasn't even trying to be funny. It's coming more natural now, that's nice to hear.

[scoobydoo]

I think I figured out why MBNA denied me. I have a $450.00 PC Mastercard 3.5% ongoing interest going and I only pay the min payments, because it's only 3.5% and I remember that was the only thing she brought up on the phone. So the fact that the debt was low, and I was paying the min payments hurt my chances and my credit record. I'm going to pay it off asap now.

[howwon]

I think I figured out why MBNA denied me. I have a $450.00 PC Mastercard 3.5% ongoing interest going and I only pay the min payments, because it's only 3.5% and I remember that was the only thing she brought up on the phone. So the fact that the debt was low, and I was paying the min payments hurt my chances and my credit record. I'm going to pay it off asap now.

$450.00 and you're only paying the minimum? WOW.

[scoobydoo]

$450.00 and you're only paying the minimum? WOW.

Yeah, why not... I might as well get my money's worth on the cheap interest. Or so I thought, got denied by a credit card for it. I'm not their type of customer.

[Hugh Jass]

Yeah, why not... I might as well get my money's worth on the cheap interest. Or so I thought, got denied by a credit card for it. I'm not their type of customer.


I would've thought you'd be exactly the kind of customer they'd want, paying interest every month, ch-ching.

[superwell]

I think I figured out why MBNA denied me. I have a $450.00 PC Mastercard 3.5% ongoing interest going and I only pay the min payments, because it's only 3.5% and I remember that was the only thing she brought up on the phone. So the fact that the debt was low, and I was paying the min payments hurt my chances and my credit record. I'm going to pay it off asap now.

I never understood why people have credit cards when all they do is pay interest bills after interest bills.....if you don't have the money then don't buy it...it's a very, very eay thing to do....but after all i guess i should be thanking you at the end of the day, as the credit card companies are getting rich from guys like you..i get offer's like this thread that allows me to go do something proper with free money..like invest and pay down a mortgage.

[IzzLe]

I never understood why people have credit cards when all they do is pay interest bills after interest bills.....if you don't have the money then don't buy it...it's a very, very eay thing to do....but after all i guess i should be thanking you at the end of the day, as the credit card companies are getting rich from guys like you..i get offer's like this thread that allows me to go do something proper with free money..like invest and pay down a mortgage.

Woah, you are so good.

Hey, aren't you paying interest on that mortage? Why did you get one then? Banks are getting rich with people like you. Well, I guess it's nice, people with bank stocks are getting rich and should be thanking you.

If you don't have the money, don't buy.

[superwell]

Woah, you are so good.

Hey, aren't you paying interest on that mortage? Why did you get one then? Banks are getting rich with people like you. Well, I guess it's nice, people with bank stocks are getting rich and should be thanking you.

If you don't have the money, don't buy.


your like every other person that has no idea what your talking about. First off, I am buying something that i can afford, with a mortgage, and building my credit and not to mention the $75,000 in the last 2 years. If you would understand what i was saying, maybe you would understand that what i meant was if you can afford that larger tv that will worth 1/2 the money in 3 months then why buy it????? I own a house, that builds my credit, my equity, not paying a min from a $450 credit card..man get your head out of the hole man.

[imnew]

call 1-866-544-4104 and quote offer code BODX

If approved and BT using the above code... Is there a 1% transfer fee for the BT?? Rep didn't mention it....

[pegster]

I applied last weekend with MBNA, and got the card this morning.

I called them today to combine the account with my other MBNA account, and asked about the transfer fee, the rep said usually they only give the 50% transfer fee discount if you have a higher interest rate, with the 0% rate, they don't give any discounts.

Not sure if anyone else tried it, and was successful.

Oh, and if you have 2 different MBNA cards, they credit limit will stack up, eg. $5000 on one, and $5000 on another will stack up to $10000.00.

[IzzLe]

call 1-866-544-4104 and quote offer code BODX

If approved and BT using the above code... Is there a 1% transfer fee for the BT?? Rep didn't mention it....

Yes, althought some people have reported that you can get it lowered by talking with one of their reps if you do it over the phone.

[T3rry]

call 1-866-544-4104 and quote offer code BODX

If approved and BT using the above code... Is there a 1% transfer fee for the BT?? Rep didn't mention it....

yes

[imnew]

Which code doesn't have any transfer fee or do all MBNA has the fee??

thanks.

[T3rry]

Which code doesn't have any transfer fee or do all MBNA has the fee??

thanks.

MBNA has a fee, citi used to be free, but have recently introduced a fee. 1% is well worth not paying 19% for 15 months.

[porphyra]

Woah, you are so good.

Hey, aren't you paying interest on that mortage? Why did you get one then? Banks are getting rich with people like you. Well, I guess it's nice, people with bank stocks are getting rich and should be thanking you.

If you don't have the money, don't buy.

Totally different scenarios. With a mortgage, he is building equity and the interest payments are well offset by that.

By paying interest to your CC, you are not gaining anything at all, and putting yourself, financial, in a much worse position.

[TRAVEL]

Need help......
My first min. payment due Aug 5th.... I called CITI at Aug 6th 0:20am to make the payment thru the phone but got rejected by the rep..... Now I just made the payment thru online but the schedule payment date indicated Aug 7th. Just wondering if I will lose the 0% interest rate..... >:(

[howwon]

Need help......
My first min. payment due Aug 5th.... I called CITI at Aug 6th 0:20am to make the payment thru the phone but got rejected by the rep..... Now I just made the payment thru online but the schedule payment date indicated Aug 7th. Just wondering if I will lose the 0% interest rate..... >:(

In a nutshell, YES.

Being late on your payments, will cause you to lose the prefered rate (0%). This being your first payment, does not look good. Try calling them in the morning and kiss a$$.

[TRAVEL]

In a nutshell, YES.

Being late on your payments, will cause you to lose the prefered rate (0%). This being your first payment, does not look good. Try calling them in the morning and kiss a$$.

I just spoke with the c/s rep at CITI & explaint to her..... Monday was bank holiday that's I couldn't make the payment in person & did the payment online last late night.... She said it should be fine (but not guaranteed). She also made notes on my acct. regarding my payment. Hopefully I won't lose the 0% interest rate..... :cry:

[alanbrenton]

I just spoke with the c/s rep at CITI & explaint to her..... Monday was bank holiday that's I couldn't make the payment in person & did the payment online last late night.... She said it should be fine (but not guaranteed). She also made notes on my acct. regarding my payment. Hopefully I won't lose the 0% interest rate..... :cry:

With Citibank, if the payment due date is on a weekend or holiday, you will have to make the payment the next business day. I pay mine regularly through online banking. With RBC online banking, payment is posted the same day I made the payment online.

[YYZFA]

Why would you wait until the last minute to pay? I always pay my bills online at least a week in advance. With these 0% interest promotions, I pay as soon as I open the bill. Why take chances? If, for some reason, the bill payment didn't go through, I would have time to make another payment, so I wouldn't lose the interest free promotional rate.

The credit card companies are hoping you'll be late, so they can start charging you the full interest rate. This is one of the reasons they offer this. They want to make money, and as far as I'm concerned, that's fair.

[T3rry]

Why would you wait until the last minute to pay? I always pay my bills online at least a week in advance. With these 0% interest promotions, I pay as soon as I open the bill. Why take chances? If, for some reason, the bill payment didn't go through, I would have time to make another payment, so I wouldn't lose the interest free promotional rate.

The credit card companies are hoping you'll be late, so they can start charging you the full interest rate. This is one of the reasons they offer this. They want to make money, and as far as I'm concerned, that's fair.

I'be just got a recurring bill payment set up online to pay MBNA $10 every 1st of the months, my due date is like the 15th or something.

That way i don't even have to think about it.

[mcbg1]

I still have a Citi Mastercard from a year ago and the 0% promotion has ended for me but can I pay it off and get another 0% balance transfer from Citi on the same card or can I cancel it and get a new one?

[toor]

I still have a Citi Mastercard from a year ago and the 0% promotion has ended for me but can I pay it off and get another 0% balance transfer from Citi on the same card or can I cancel it and get a new one?

+1

[T3rry]

with citi you have to cancel and wait 3 months to reapply, some people have had luck without waiting,b ut not common, with MBNA you can have multipul cards under one name, and transfer the limit to merge the 2 cards under the new card's promo

[alanbrenton]

Why would you wait until the last minute to pay? I always pay my bills online at least a week in advance. With these 0% interest promotions, I pay as soon as I open the bill. Why take chances? If, for some reason, the bill payment didn't go through, I would have time to make another payment, so I wouldn't lose the interest free promotional rate.

The credit card companies are hoping you'll be late, so they can start charging you the full interest rate. This is one of the reasons they offer this. They want to make money, and as far as I'm concerned, that's fair.

I usually check my online credit card statements each week and set them up as post-dated payments in RBC online banking soon after. I've taken advantage of a handful of 0-low% BT credit card offers and so I make it a point to check my balances each week. The post-dated payment (a computer batch job) is sent early morning so RBC would have enough time to fix the batch files if its system crashes.

With MBNA and its $10 minimum payment, I usually don't even bother post-dating the payment, I just pay them outright when the new statement comesout.

[haohao2006]

Applied almost two months ago,got the card this morning.I am not satisfied with the 5000 limit,so I asked to speak with the business analyst,he doubled my limit right away.Then I ask him about the 0.5% BT fees, he said i need to speak with CSR.Anyway,one csr insist that they do not offer 0.5%BT fee on 0% promotional rate. I asked him to go to ask his manager, one minute later,he said his manager agreed to give me this one time offer of 0.5% BT fee instead of 1%.
By the way,the CSR's name is Rody,anyone who want to ask for the 0.5% just mention his name.I think it would be easier.

Wish everyone good luck!

[Code of Conduct]

Just applied for the MBNA with BODX code and I got 15 months. yes! Now just want to confirm, I can get them to "balance transfer" the credit limit (minus the transfer fee of 1%) to my chequeings account right? Thanks in advance.

[Hugh Jass]

Just applied for the MBNA with BODX code and I got 15 months. yes! Now just want to confirm, I can get them to "balance transfer" the credit limit (minus the transfer fee of 1%) to my chequeings account right? Thanks in advance.

Yep.

While on the phone, get them to give you the EXACT date that your balance has to be paid off.

[Code of Conduct]

Would they be able to give me the exact date to pay off the balance without incurring the higher % interest when I do my "balance transfer" over the phone for MBNA? Also, for the citicard, has anyone had luck applying after May, 2008 for the newest code? In the details it says the offer is only valid until May, 2008. Thanks =).

[Hugh Jass]

Would they be able to give me the exact date to pay off the balance without incurring the higher % interest when I do my "balance transfer" over the phone for MBNA?

Yes. I got the exact date from them. It happens to be my bros birthday, so it's simple to remember.

[ricedion]

Applied almost two months ago,got the card this morning.I am not satisfied with the 5000 limit,so I asked to speak with the business analyst,he doubled my limit right away.Then I ask him about the 0.5% BT fees, he said i need to speak with CSR.Anyway,one csr insist that they do not offer 0.5%BT fee on 0% promotional rate. I asked him to go to ask his manager, one minute later,he said his manager agreed to give me this one time offer of 0.5% BT fee instead of 1%.
By the way,the CSR's name is Rody,anyone who want to ask for the 0.5% just mention his name.I think it would be easier.

Wish everyone good luck!

is the 0.5% BT fee ever offered to anyone? I never heard of this. How do I tell the CSR that I want 0.5% BT fee? I need to refer to some previous offer or such like that.

[mcbg1]

Is there a minimum income for the 15 months MNBA card?

[Billwill]

Is there a minimum income for the 15 months MNBA card?
It depends or your expenses (ie. rent/mortgage)

[T3rry]

Is there a minimum income for the 15 months MNBA card?

the only way to find out if you'll get approved is to apply.

[mcbg1]

It depends or your expenses (ie. rent/mortgage)

No rent, no mortgage, no debt. I'm a student so I only make about 25k/year right now. Guess I'll have to call and find out...

[nammer21]

Ughhh..

Probably the only person in this thread that was rejected by MBNA. WTF?!? They said I had too much credit available to me already (~20k). How is that a bad thing? :confused:

[Ebtek]

I just got off the phone with a rep at MNBA

told the girl i "wanted to get more info on the 15month/0%transfer/1%fee promotion".

she told me to hang on while she looked it up

came back and said her "system only had the 12month promo" listed.

i said, gee, i was hoping to get 15mos with 0%interest, and i wondered if her supervisor could authorize it. a few seconds later she miraculously "found" the 15month promo in the system, but it was "in the middle of the list / couldn't see it at first" etc etc.

i asked about waiving the 1% transfer fee - she said she couldn't do it but CS could probably do it. CS#: 1888 876-6262

called CS and they said no way Jose.

Transferred back to the credit app dept. Got some real D-Bag; and it got a little more interesting:

he asked for a promo code, i said uhh, btz9. he came back and said that was the 12month code. then he tried to switch me to the other card where the interest rate is 3.99 for the life of the card. i said no, and he still pushed it. i said no, i wanted the 0% balance transfer.....then he said he could only do the 12month - pretty much take it or leave it. i told him about how the 1st girl i spoke with looked it up right away without even asking for a code (i got her name but i wont post it here. pm if you like). he said well, i cant do anything if i don't see it (his tone started to get a little aggressive, so i put some more fuel on the fire). perhaps it's in another screen? are you new there? (LOL) he got a little frustrated and said he's been there for 9 years. i asked why his screen was different than hers if she was able to see it. is she in a different dept?/have more authority? .... he told me to hang on. then he came back and said his colleague had a code and gave it to him. then he put it in for me...we started going through the process and i gave him my first name. then realizing this guy was a real P****, and he likely wouldn't do anything in my favor from that point on (i.e. fight for a higher limit, etc). i got half way through my last name and hung up (making it seem like we got disconnected).

i called back in and got a different/pleasant girl. told her i wanted the 15month/0%/1% promo. okay, no problem...and started the application process.



cliffs:

Called MNBA (1-866-544-4104) and got the 15month, 0% balance on transfers, 1% transfer fee.
No promo code was asked for / provided.
I am free to call in 5 business days (1-866-434-5393) to see how much im approved for.

[haohao2006]

I just got off the phone with a rep at MNBA

told the girl i "wanted to get more info on the 15month/0%transfer/1%fee promotion".

she told me to hang on while she looked it up

came back and said her "system only had the 12month promo" listed.

i said, gee, i was hoping to get 15mos with 0%interest, and i wondered if her supervisor could authorize it. a few seconds later she miraculously "found" the 15month promo in the system, but it was "in the middle of the list / couldn't see it at first" etc etc.

i asked about waiving the 1% transfer fee - she said she couldn't do it but CS could probably do it. CS#: 1888 876-6262

called CS and they said no way Jose.

Transferred back to the credit app dept. Got some real D-Bag; and it got a little more interesting:

he asked for a promo code, i said uhh, btz9. he came back and said that was the 12month code. then he tried to switch me to the other card where the interest rate is 3.99 for the life of the card. i said no, and he still pushed it. i said no, i wanted the 0% balance transfer.....then he said he could only do the 12month - pretty much take it or leave it. i told him about how the 1st girl i spoke with looked it up right away without even asking for a code (i got her name but i wont post it here. pm if you like). he said well, i cant do anything if i don't see it (his tone started to get a little aggressive, so i put some more fuel on the fire). perhaps it's in another screen? are you new there? (LOL) he got a little frustrated and said he's been there for 9 years. i asked why his screen was different than hers if she was able to see it. is she in a different dept?/have more authority? .... he told me to hang on. then he came back and said his colleague had a code and gave it to him. then he put it in for me...we started going through the process and i gave him my first name. then realizing this guy was a real P****, and he likely wouldn't do anything in my favor from that point on (i.e. fight for a higher limit, etc). i got half way through my last name and hung up (making it seem like we got disconnected).

i called back in and got a different/pleasant girl. told her i wanted the 15month/0%/1% promo. okay, no problem...and started the application process.



cliffs:

Called MNBA (1-866-544-4104) and got the 15month, 0% balance on transfers, 1% transfer fee.
No promo code was asked for / provided.
I am free to call in 5 business days (1-866-434-5393) to see how much im approved for.

Don't forget to ask the 0.5% BT fee.Good luck!

[mmhassa2]

Quick question: Has anyone applied and received a increase on they limit AFTER doing a balance transfer? I have $7K on the card and have transfered around $6800 around March...now say if I ask for a increase...can I just transfer the rest and say extend the promo from the day of the BT? or will 2 portions have different expiry date :confused: :confused:

[sehomoho]

I already had an mbna card (7.99%), applied for this (I phoned back 12 days after application and they assessed me on the spot), and they took some credit off my current mbna to put towards the 0% and added some more. Not as much credit as I wanted, but not bad.

Can't get the capital one cause I'm in QC.

[alanbrenton]

Quick question: Has anyone applied and received a increase on they limit AFTER doing a balance transfer? I have $7K on the card and have transfered around $6800 around March...now say if I ask for a increase...can I just transfer the rest and say extend the promo from the day of the BT? or will 2 portions have different expiry date :confused: :confused:

My wife's credit limit was automatically increased by $5000. And yes, we did another BT transfer. Expiry date would still be 15 months from the initial transfer.

My wife will be applying for another card this week. What questions did MBNA ask? income, household income, employer, rental/mortgage cost?

I just want to make sure she's got all the answers in her head instead of her having to fumble during the application process. It's been over a year since she applied which is why we are totally clueless as to the questions asked.

Thanks.

[T3rry]

just got my card yesterday, called in an got the BT, i was able to get the 0.5% fee, just told the lady a friend has the same card and they gave him a deal on the fee, she put me on hold for about 20 seconds and came back and said "as a courtesy for you as a new customer" blah blah, pretty wicked.

right now we have 2 cards, my wife has a $7500 limit promo ending may 09, i have $10000 promo ending Nov 09

[scoobydoo]

I was denied the credit card, and they lied to me saying I only have 2 years of credit card usage, when it's actually 10. What can I do about it?

They sent this in the mail, "After careful review, we were unable to approve your request. We have determined that you have a lack of established revolving credit references."

I think calling in to see if my application was approved or not, hurt my chances, too.

[T3rry]

I was denied the credit card, and they lied to me saying I only have 2 years of credit card usage, when it's actually 10. What can I do about it?

They sent this in the mail, "After careful review, we were unable to approve your request. We have determined that you have a lack of established revolving credit references."

I think calling in to see if my application was approved or not, hurt my chances, too.

when i called to ask about mine,t he lady said it had not been approved, but then transferred me to oine of their credit reviewers and she went through my credit report right over the phone with me, asked about a late payment i had a couple years back on my student loan, asked about my "lack of debt" :P and said she'd "suggest approval for $10k" a week later, my card showed up.

[engo]

Hi - just wonder if anyone try the Citi 0% promo after May 12. The fine print says the application must be processed before May 12 but the link looks it's still valid. Thanks!

[ricedion]

I think CITI also charges 1% BT fee now, right?

[Stetson717]

I just called MBNA and quoted priority code BODX and the lady said that particular code expired but the system gave her another one for 12 months 0% interest. I asked her if she could search for a 15 months one because my friend just applied for a 15 month one. She searched and said that she could not find it. She said I could ask my friend for his priority code and use his.

What code are people using to get 15 months 0% interest?

btw, I called 866-544-4104. I wonder if there is another number to call.

[eknc]

Is this 0% MBNA card just a normal cards? Is it possible get their rewards card and 0% for 15 month?

[T3rry]

Is this 0% MBNA card just a normal cards? Is it possible get their rewards card and 0% for 15 month?

not likely, you wouldn't want it anyways because if you get a signle charge on the card while you have the 0% BT, you will be paying off the BT with your monthly payment, therefore you will be charged the 19% or whatever on that purchase until the entire BT is paid off.

[eknc]

Ouch, glad I asked. Thank T3rry.

[mmhassa2]

not likely, you wouldn't want it anyways because if you get a signle charge on the card while you have the 0% BT, you will be paying off the BT with your monthly payment, therefore you will be charged the 19% or whatever on that purchase until the entire BT is paid off.


Not quite understanding you but I have about $200 available balance left on the card as I made larger monthly payments and use them for small purchases like coffee. And since I always make say $50 min payment isntead of the $10 Iwill I be charged interest of 19% you mention. I havent seen any difference on my min monthly payment.

[IzzLe]

not likely, you wouldn't want it anyways because if you get a signle charge on the card while you have the 0% BT, you will be paying off the BT with your monthly payment, therefore you will be charged the 19% or whatever on that purchase until the entire BT is paid off.


Not quite understanding you but I have about $200 available balance left on the card as I made larger monthly payments and use them for small purchases like coffee. And since I always make say $50 min payment isntead of the $10 I haven``t been charged interest of 19% you mention.

Technically, if you use 100$ for a balance transfer at 0%, and you buy a coffee for 5$, your monthly payment goes 1) to pay the 0% balance transfer and then 2) to pay the 5$. Which means, if you use this card for anything else then transfers, you are paying interest (19,9% I think) on all your purchases until the balance transfer is paid in full.

The 5 $ is being charged interest for as long as it is not paid (and it can only be paid when the balance transfer is paid).

That is why you should destroy the card and not use it.

[T3rry]

your payments will ALWAYS go to the lower interest rate you owe on (in this case 0%BT)

[mmhassa2]

:-0 Uh oh..is there anything I can do now or will I be better off paying the entire balance off asap?

[mmhassa2]

Purchases 0.049288%(DLY) 17.99% S $4.38 June Statement
Purchases 0.049288%(DLY) 17.99% S $22.05 July Statement


And maybe another $20 for August. Can the someone say by the time next year in June when the promotion ends how much I will be paying on these transactions...just so I can know wether it's worth keeping the balance or just paying it off.

[IzzLe]

Purchases 0.049288%(DLY) 17.99% S $4.38 June Statement
Purchases 0.049288%(DLY) 17.99% S $22.05 July Statement


And maybe another $20 for August. Can the someone say by the time next year in June when the promotion ends how much I will be paying on these transactions...just so I can know wether it's worth keeping the balance or just paying it off.

17,99 % of your transactions (for a year). If your interest for 1 month is = 22,05 $, then 22,05 * 12 = 264,60 $

[slotscanada]

I just called MBNA and quoted priority code BODX and the lady said that particular code expired but the system gave her another one for 12 months 0% interest. I asked her if she could search for a 15 months one because my friend just applied for a 15 month one. She searched and said that she could not find it. She said I could ask my friend for his priority code and use his.

What code are people using to get 15 months 0% interest?

btw, I called 866-544-4104. I wonder if there is another number to call.

Can anyone confirm if there is a new 15 month code?

[alanbrenton]

Can anyone confirm if there is a new 15 month code?

+1 Thanks. My wife will be phoning tonight to apply for the 15 months. Worst case, we'll take the 12 months offer.

[tsgee]

17,99 % of your transactions (for a year). If your interest for 1 month is = 22,05 $, then 22,05 * 12 = 264,60 $

$22.05 purchases @17.99% for one year, the interest is $3.97. Not big but stop using the card the interest can add up quick with big purchases.

[mgronqui]

CITI is cheap, they won't give me a penny. Bastards!

[engo]

CITI is cheap, they won't give me a penny. Bastards!

when did you apply? How long did they get back to you? Thanks1

[engo]

$22.05 purchases @17.99% for one year, the interest is $3.97. Not big but stop using the card the interest can add up quick with big purchases.

He's paying $22.05 interest/month. The interest from Aug to Jun next year will be around $242 assuming interest is 17.99%.

[bryan35]

How long does it take to get approved? The rep told me it would take 3-4 weeks? Seems long.

I used the code for BODX for MBNA and was told it is 0% for 15 months. I assume you try to negotiate the balance transfer to 0.5% at the time of transfer after getting approved?

[alanbrenton]

How long does it take to get approved? The rep told me it would take 3-4 weeks? Seems long.

I used the code for BODX for MBNA and was told it is 0% for 15 months. I assume you try to negotiate the balance transfer to 0.5% at the time of transfer after getting approved?

My wife just applied tonight using the same code. She was told to call 1-866-434-5393 after 3-4 business days for the status of her application.

[cash_money]

i got mine done instantly over the phone

[Maximus_]

Can someone post the code for it or tell me the way to apply for it..
Citi rep is not letting me have it without the promo code.

[alanbrenton]

Can someone post the code for it or tell me the way to apply for it..
Citi rep is not letting me have it without the promo code.

For citi, I believe most apply online. Details would be on the first post (I think). For MBNA, you need to call in to apply.

I have successfully applied for the citibank credit card twice after cancelling and reapplying a few months after. Has anybody been on his/her third/fourth citibank 0% BT credit card already?

[Ebtek]

well i just got off the phone with citi because i wanted to sign my wife up with the same deal i got. they told me they arent offering 15 mos no interest on balance transfers. i told them i got my card 3 days ago, and thats what i got. they looked me up and said i did NOT have the 15 month 0% interest. i have 0% interest until april 30 /09 (8 months). i was livid when they told me that. i have no record of anything since everything was done on the phone. theyre going to pull the phone conversation and will call me in 5 business days....:mad:

[pablome]

So wats this 0% interest??
I can buy or pay off things for like 6 months in a row without having to pay off the dead line and not start doing so till like the 8th month nearing my 12month 0% interest dead line?

[Trooper8111]

well i just got off the phone with citi because i wanted to sign my wife up with the same deal i got. they told me they arent offering 15 mos no interest on balance transfers. i told them i got my card 3 days ago, and thats what i got. they looked me up and said i did NOT have the 15 month 0% interest. i have 0% interest until april 30 /09 (8 months). i was livid when they told me that. i have no record of anything since everything was done on the phone. theyre going to pull the phone conversation and will call me in 5 business days....:mad:

Citi offers 12 months no interest and you can sign up online. MBNA for 15 months no interest but you need to call. Check first post for details.

[Hugh Jass]

So wats this 0% interest??
I can buy or pay off things for like 6 months in a row without having to pay off the dead line and not start doing so till like the 8th month nearing my 12month 0% interest dead line?


Only balance transfers qualify for 0%, not purchases.

For example, if you owe $5,000 on a current credit card, you can do a balance transfer from one of your new cards to pay off this balance. You'd pay a 1% transaction fee and wouldn't have to pay off the full balance for 12/15 months, just a monthly min blance.

[1226]

Can anyone confirm if there is a new 15 month code?

BODX worked today for 15 months. He asked me to confirm the details of the promo (15 months, 0%) and he found the promotion in a few seconds.

[Maximus_]

For citi, I believe most apply online. Details would be on the first post (I think). For MBNA, you need to call in to apply.

I have successfully applied for the citibank credit card twice after cancelling and reapplying a few months after. Has anybody been on his/her third/fourth citibank 0% BT credit card already?

I have a citi petro-points CC, so if i get the 12 mnth 0% CC now. Will they apply my payments towards the lower interest CC first and then to the petro one? Or are the two cards totally independent in terms of how they direct payments. Can someone share their experience.

[Ebtek]

Citi offers 12 months no interest and you can sign up online. MBNA for 15 months no interest but you need to call. Check first post for details.

first of all, the only thing that mentions 0% interest on balance transfers for 15 months is the thread title. nowhere in the 1st post does it say anything about 15 months. it says MNBA for 12months.

second of all, in my post i said i spoke with the Citi rep and they confirmed i could get 15 months on balance transfers.

[Trooper8111]

first of all, the only thing that mentions 0% interest on balance transfers for 15 months is the thread title. nowhere in the 1st post does it say anything about 15 months. it says MNBA for 12months.

second of all, in my post i said i spoke with the Citi rep and they confirmed i could get 15 months on balance transfers.

This thread started almost 2 years ago. Some people have been getting the MBNA 0% BT twice already. Read the first post, it's constantly being updated.

MBNA BODX code is 0% for 15 months, Citi for 12 months.

Another thread on MBNA http://www.redflagdeals.com/forums/showthread.php?t=411582

[jkyc]

can someone provide me the link for the MBNA application ..I tried to search but I still can't find anythign..which card type is that?thanx

[jkyc]

where do u put the code in the citi application form? I don't see it..

[Trooper8111]

can someone provide me the link for the MBNA application ..I tried to search but I still can't find anythign..which card type is that?thanx

You can only phone it in. Check first post.

[Trooper8111]

where do u put the code in the citi application form? I don't see it..

Follow the link from the first post, it works.

[nfuz]

The first post, and first link goes to the online citi app, which seems to be incorrect......


0%

Save money on purchases you've already made. Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009.*


April 2009, is 8 months..... not 12....

[Trooper8111]

The first post, and first link goes to the online citi app, which seems to be incorrect......



April 2009, is 8 months..... not 12....

Sorry, guess it has changed from earlier this year. Try MBNA, they're accepting the code.

[lagos]

just applied using BODX code...the guy knew exactly what it was since he said it is for 0% for 15mths before even I had a chance to mention it.

I assume they tell your credit limit when they call you to tell you that you are approved.

Can you ask your credit limit to be increased at that time? say they give you $5,000 and you want $15,000? how does one achieve this with MBNA?

Also, can you choose the type of card you can get or they just give you whatever? i.e. I want university alumni card, can I get it with this promotion?

[IzzLe]

just applied using BODX code...the guy knew exactly what it was since he said it is for 0% for 15mths before even I had a chance to mention it.

I assume they tell your credit limit when they call you to tell you that you are approved.

Can you ask your credit limit to be increased at that time? say they give you $5,000 and you want $15,000? how does one achieve this with MBNA?

Also, can you choose the type of card you can get or they just give you whatever? i.e. I want university alumni card, can I get it with this promotion?

With MBNA, I managed to get my limit increased as soon as I got approved. Just ask for it and they will transfer you to the credit analysis/approval department. It takes 1-2 minutes.

[1226]

With MBNA, I managed to get my limit increased as soon as I got approved. Just ask for it and they will transfer you to the credit analysis/approval department. It takes 1-2 minutes.

How did you find out you were approved? Phone or mail?

[IzzLe]

How did you find out you were approved? Phone or mail?

I called 1-2 weeks after I applied to know the status of my application.

[Ebtek]

This thread started almost 2 years ago. Some people have been getting the MBNA 0% BT twice already. Read the first post, it's constantly being updated.

MBNA BODX code is 0% for 15 months, Citi for 12 months.

Another thread on MBNA http://www.redflagdeals.com/forums/showthread.php?t=411582


Sigh.

regardless of whether this thread even exists or not:

.... i said i spoke with the Citi rep and they confirmed i could get 15 months on balance transfers.

[st7860]

I called 1-2 weeks after I applied to know the status of my application.

yes. mbna is one of those rare companies that actually can tell you on the phone before you actually get the thing.

[pothia]

So is the 0% 15 months on BT still valid? How much will I be getting once I get approved? Right now my credit limit at CIBC is about $3000 and I am damn sure that I can bump it up to 7000 if I ask. In that case, can I just directly ask MBNA for a high limit (so I can get a $7000 cheque instead of a $3000 one) instead of dealing with CIBC first and subsequently apply for the MBNA card?

Thanks.

[Ebtek]

on August 12 i applied for the 15month 0% on transfers, 1% transfer fee with MNBA over the phone.

i did not quote any promo code. i just told her that i heard that people were getting that promo, and she looked it up...and signed me up.

i just called today (2 weeks later) to check the status and was told i was approved for 15k. it was sitting at the "fraud verification" department...but he confirmed all my info over the phone, and arranged to have the card sent out immediately!

[Lexusfreak]

What is the interest rate after the 15 months? :confused: And does anyone have an online link to the 0% for 15 months offer? I called & was on the phone for almost 25 minutes.

[Ebtek]

What is the interest rate after the 15 months? :confused: And does anyone have an online link to the 0% for 15 months offer? I called & was on the phone for almost 25 minutes.

17.99%

[Khrak]

I've seen people comment about balance transfer cheques. I'd just like to confirm, I can in fact just write myself a cheque and deposit it directly into my bank account, or into a GIC? It doesn't have to actually be used to transfer the balance of another card? And still receive 0% interest for the duration?

[Stetson717]

Is there any way I can get my balance from this card in cash? 15 months means I could just buy a 1 year GIC @ ~4%, and pocket the interest.

I've seen people comment about balance transfer cheques. I'd just like to confirm, I can in fact just write myself a cheque and deposit it directly into my bank account, or into a GIC? It doesn't have to actually be used to transfer the balance of another card?

Do a balance transfer to your bank account.

[Trooper8111]

17.99%

17.99% is for purchases.
19.99% for balance transfers.

[McPaul]

Renewed my MBNA yesterday.

after I "complained" that the BODX code only gave me 12 months and not 15, I was pretty much GIVEN a .5% balance transfer fee, discounted from the standard 1%.

Sweet deal. $30k interest free.

[Hugh Jass]

Renewed my MBNA yesterday.

Sweet deal. $30k interest free.

How do you mean "renewed"? Did you have one before on a 0% deal?

[McPaul]

Yes, my previous one was 20k on a 15 mo 0% deal.
I received over $5,300 limit increases throughout the year
I reapplied a few weeks ago and was approved for $5k.
a couple weeks ago I consolidated the 2 accounts, getting $30,300
and yesterday I completed the balance transfer, which should be plopped into my bank account sometime this week.

I can't believe they actually make money on these deals. Surely the number of people that use them for investment purposes outnumber the number of the people who mess up and end up paying 19% after their first month, yes?

[scoobydoo]

According to the documentary Who Killed John O'Neill MBNA was one of the largest contributors to George Bush's campaign in 2000. Interesting. I wish I knew that before I applied. Then again, for 0% interest for 15 months, who cares, but they denied me anyways, and are never getting a cent from me.

[lagos]

just called the number 1-866-434-5393 to check my application that was put last week and I was already approved for $25K but was waiting for security verification..after she completed that for like 3 mins, everything was in order...

They did however said I can't do the balance transfer until I get the card in the mail which was another 2-3 weeks..but I asked to be rushed so they are sending the card with Fedex for like whole $10..whatever...

need to invest this soon..any ideas?

[T3rry]

i got my card only a few weeks back, i just called to ask for a credit increase as i thought the previous lady was being conservative giving me $10k, the guy says the best he could do was another $2.5K for now, being unsecured, he says since i'm a new customer and do not have "established repayment" they cant give me any more, but if i call back after 6 months they could probably increase it again.

[pargirl]

Just called in to apply and BODX is no longer available.
There is nothing for 0% for 15 months. The best I could get is 0% for 12 months. Better than nothing!

[Stetson717]

Just called in to apply and BODX is no longer available.
There is nothing for 0% for 15 months. The best I could get is 0% for 12 months. Better than nothing!

I had the same problem last week. So today I called a different number, 1-866-544-4104, and got 15 months 0% interest using priority code BODX

[dinesh_zee]

how long does it usually take to consolidate mbna cc credits?
it has been a week now since i requested...

[McPaul]

2-3 weeks for consolidation

[jlovezj]

I just called in using the code BODX at 1866-544-4104. Lady told me that its 15 months with 0 % . I just applied so I have to wait 3-4 weeks for approval. Its weird on the website , it said must make 35 k or more as income. I asked her , if I make 15 k is that okay? and she said as long as I am over the age of 18 and never filed bankruptcy. Is that true??

[consumerPI]

Did she/he waive the transfer fee? Is it 1%?I just called in using the code BODX at 1866-544-4104. Lady told me that its 15 months with 0 % . I just applied so I have to wait 3-4 weeks for approval. Its weird on the website , it said must make 35 k or more as income. I asked her , if I make 15 k is that okay? and she said as long as I am over the age of 18 and never filed bankruptcy. Is that true??

[heregoes]

Current promotional code is BODW

[patrob]

I just called in using the code BODX at 1866-544-4104. Lady told me that its 15 months with 0 % .

I also just applied again:twisted: & used the BODX code & the rep did confirm that it is for 15 months or I wouldn't have agreed :D So looks like the BODX code still works for 15 months 0%.

[howwon]

Slightly OT, but is this the longest running thread?

[st7860]

i think its either the rogers retention one or the importing US car one that is longest.

[howwon]

i think its either the rogers retention one or the importing US car one that is longest.

OK, thanks. I was just curious.

[consumerPI]

Anyone getting this 1% fee waived ???

Did she/he waive the transfer fee? Is it 1%?

[alanbrenton]

I also just applied again:twisted: & used the BODX code & the rep did confirm that it is for 15 months or I wouldn't have agreed :D So looks like the BODX code still works for 15 months 0%.

What number to call to try for a credit limit increase for the MBNA card? My wife's 2nd card was only given $7,500. She mentioned the analyst scrutinizing her other credit cards on file as if we were moving BT from one card to another (which in fact, we are). :)

[lagos]

Anyone getting this 1% fee waived ???

I think they reduce it to 0.5%. But I don't know what people are saying to convince the CSR to give them that. Anyone has suggestions?

[consumerPI]

That fee is Bullllshiiiit!

I think they reduce it to 0.5%. But I don't know what people are saying to convince the CSR to give them that. Anyone has suggestions?

[st7860]

That fee is Bullllshiiiit!

why not horse, cow, pig, donkey, etc?

[Billwill]

What's the latest news on the CITI card?

I'm looking for another low BT interest rate card to supplement my MBNA card.

[bigwinner]

Just applied this morning and the rep told me that yes, the BODX code is officially expired. But she did spend about 3 or so minutes and was able to find me another code that was the exact same offer so I'm assuming it was probably the BODW code ...

Thanks op! I hope I get a decent limit!

[hi-tech]

I keep calling the 4101 number and its connecting me to the "personal assistant of Matthew McConnel"...? Wtf?

[st7860]

this is the correct number. my bad.
1-866-544-4104

[hi-tech]

BODX works!

[flamenko]

Just as an update to help others if it will:

Ordered the 6.99% forever card last month and it came in last week. Called and asked why there was nothing in there about the 1% back. They said they found it almost impossible that that would have been negotiated (which it wasn't) and I explained that it was an excellent choice of wording.

When they asked what I meant I explained that almost impossible means that there certainly was that possibility and, as a customer, I should be afforded that benefit.

So....now I have to wait for them to send me a new Plat Plus card which I am guaranteed at 6.99 forever and 1% back.....well worth the wait though woulnt you agree.

Still cant believe I got that.

[recordman]

I tried to call a few times in the last 15min. No answer, and I just heard a click. Does anyone know what time they open until? I applied a few weeks ago, but apparently they have no record of my application. Same thing for my friend. I've never had a CC company lose my application. :-0

[lagos]

I tried to call a few times in the last 15min. No answer, and I just heard a click. Does anyone know what time they open until? I applied a few weeks ago, but apparently they have no record of my application. Same thing for my friend. I've never had a CC company lose my application. :-0

you obviously never applied to AMEX...in the other 2% cashback card deal, I remember people had to apply 3-4 times in some cases to get their application in.

I believe they are close on weekends, don't they?

[recordman]

True, I don't have an AMEX. I just called in and signed up. The CSR didn't even ask for a promo code. She asked for the % and the duration.


you obviously never applied to AMEX...in the other 2% cashback card deal, I remember people had to apply 3-4 times in some cases to get their application in.

I believe they are close on weekends, don't they?

[pete]

as of 15:36 EST Aug 30.. BODX still works.

[Trooper8111]

I tried to call a few times in the last 15min. No answer, and I just heard a click. Does anyone know what time they open until? I applied a few weeks ago, but apparently they have no record of my application. Same thing for my friend. I've never had a CC company lose my application. :-0

Call this #, it's for applications 1.877.862.7759.
or for customer service 1.800.404.1319

They are open 24/7 and it's in Canada.

If you applied with a number that goes to an outsourced office (India, I think), the application may not show in the system and could be in transit.

[Billwill]

Just as an update to help others if it will:

Ordered the 6.99% forever card last month and it came in last week. Called and asked why there was nothing in there about the 1% back. They said they found it almost impossible that that would have been negotiated (which it wasn't) and I explained that it was an excellent choice of wording.

When they asked what I meant I explained that almost impossible means that there certainly was that possibility and, as a customer, I should be afforded that benefit.

So....now I have to wait for them to send me a new Plat Plus card which I am guaranteed at 6.99 forever and 1% back.....well worth the wait though woulnt you agree.

Still cant believe I got that.
Congratulations.

What type of credit limit did they give you?

[Billwill]

Perhaps this should be moved to the finance forums?

[slotscanada]

Perhaps this should be moved to the finance forums?

I think 1930 posts in under Hot Deals, it is probably here to stay :?:

[Code of Conduct]

I just received my card and did my balance transfer today for the BODX 15 months MBNA card with balance transfers at 0%. I asked them if there were any fees associated with the BT and feigned surprise when they mentioned the 1% charge. The CSR gave me a .5% charge instead immediately after I asked her if they could reduce the 1% charge at all. Easy peasy =).

[st7860]

I just received my card and did my balance transfer today for the BODX 15 months MBNA card with balance transfers at 0%. I asked them if there were any fees associated with the BT and feigned surprise when they mentioned the 1% charge. The CSR gave me a .5% charge instead immediately after I asked her if they could reduce the 1% charge at all. Easy peasy =).

you're now famous - you've made it to the first post of this thread! lol!

[khulit]

has anyone tried the Citibank promo? I applied last month, and I don't have any response yet from Citibank

[Jucius Maximus]

has anyone tried the Citibank promo? I applied last month, and I don't have any response yet from Citibank

Phone them up and ask about the status of your application.

[Ebtek]

I just received my card and did my balance transfer today for the BODX 15 months MBNA card with balance transfers at 0%. I asked them if there were any fees associated with the BT and feigned surprise when they mentioned the 1% charge. The CSR gave me a .5% charge instead immediately after I asked her if they could reduce the 1% charge at all. Easy peasy =).

damn, they even transfered me to a supervisor when i asked about reducing the 1% transfer fee, who said no.

too many RFDers signing up that day and he didnt need the commission!

[lagos]

I just received my card and did my balance transfer today for the BODX 15 months MBNA card with balance transfers at 0%. I asked them if there were any fees associated with the BT and feigned surprise when they mentioned the 1% charge. The CSR gave me a .5% charge instead immediately after I asked her if they could reduce the 1% charge at all. Easy peasy =).

if you don't mind telling the amount of BT, it might help us too.. because I think if the amount was low, maybe they didn't care about 1% or perhaps she was a newbie with a good heart :)

[st7860]

damn, they even transfered me to a supervisor when i asked about reducing the 1% transfer fee, who said no.

too many RFDers signing up that day and he didnt need the commission!

call back and get a different person.

[T3rry]

if you don't mind telling the amount of BT, it might help us too.. because I think if the amount was low, maybe they didn't care about 1% or perhaps she was a newbie with a good heart :)

mine was over 10K and they gave me the .5% rate as a "goodwill promo to a new customer"

then the second time i said, hey, they did this last time, can you do it again?... sure

[alanbrenton]

Any direct line to the credit analyst department and/or name & extension of a friendly credit analyst? My wife would like to request for a little credit limit increase. She has been approved for the 2nd card but have not received it in the mail. Thanks.

[nammer21]

Anyone been able to call for a credit increase for the CITI card? Or is that exclusive to the MBNA cards?

[Ebtek]

my citi card came with a 5k limit, which i maxed out right away consolidating debt. the minimum monthly payment is $20

i called and they said yea, its $20 on that amount, but they ask that we pay 2.1% on the balance owed.

$20 is unreal

[Code of Conduct]

you're now famous - you've made it to the first post of this thread! lol!


Hahaha, fantastic! My limit was only 10k so a fair amount but nothing too large. However, the CSR was just very nice overall so i wasn't too surprised she gave it to me. She did not hesitate at all when reducing it down to 0.5%. Hope that helps =).

[st7860]

Hahaha, fantastic! My limit was only 10k so a fair amount but nothing too large. However, the CSR was just very nice overall so i wasn't too surprised she gave it to me. She did not hesitate at all when reducing it down to 0.5%. Hope that helps =).

so now what? $10,000 in your PC Financial account for 3% annual interest - $300 in free money?

[prof_frink]

so now what? $10,000 in your PC Financial account for 3% annual interest - $300 in free money?

It's not free, you have to pay tax on interest earned.

[Code of Conduct]

It's sitting in a savings account now. I didn't really need the money anyways. As for the tax...well, tax is a part of life. =)

[st7860]

put it in an RRSP then

[Jucius Maximus]

It's not free, you have to pay tax on interest earned.

I'm looking forward to the new tax-free savings accounts that will be introduced in 2009.

[Code of Conduct]

put it in an RRSP then

Already maxed =).

[st7860]

Already maxed =).

can you buy an RESP if you don't have kids yet?

or thats maxed too ?

[lagos]

finaly got around doing the BT for my $25K limit. I did $24,800 with a 0.5%...no go for removing completely but it is still a good deal...now I will take advantage of the canadian tire financial high rate for 90 days...

[angel_wing0]

new citibank code
from 902linger, 0% for 12 months
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

site shows 0% until april 2009 only?!

[Hugh Jass]

can you buy an RESP if you don't have kids yet?



No. Need a SIN for the kid to do this.

[crimsondr]

I have a citi mastercard from doing this promo previously. That was probably 1-2 years ago. Can I just apply for another one and use this promo? Or must my old card be canceled first?

Thanks.

[temporary user]

I just called the Canadian number for the 15 months at 0%, and the rep told me that there is a second part to the BODX code on the letter that he needs.
He said that he can't accept me without that second part of the code.

Any ideas? Am I missing something?



PS: I called once before the indian line, but bad reception and the rep didn't want to decrease the 1% BT. :(

[alanbrenton]

I just called the Canadian number for the 15 months at 0%, and the rep told me that there is a second part to the BODX code on the letter that he needs.
He said that he can't accept me without that second part of the code.

Any ideas? Am I missing something?



PS: I called once before the indian line, but bad reception and the rep didn't want to decrease the 1% BT. :(

Why would negotiate down the 1% BT when you should be applying for the card first? Keep on calling until you get a decent CSR.

[angel_wing0]

I just called the Canadian number for the 15 months at 0%, and the rep told me that there is a second part to the BODX code on the letter that he needs.
He said that he can't accept me without that second part of the code.

Any ideas? Am I missing something?

PS: I called once before the indian line, but bad reception and the rep didn't want to decrease the 1% BT. :(

try another rep...some says the deal is gone, some requires the code and some doesn't even ask for the code.

Like alan said, get and activated the card first, then ask for the 0.5% bt.

[JBlue]

I called just now. "BDOX" code still works.

Anyone know how long this process takes? I called, signed up.. she said she was transferring me out.. but got disconnected.

[sahilz]

A noob question, if I don't have a debt to pay off, what else can I use this card for?

Thanks.

[st7860]

www.pcfinancial.ca 3%/yr annual interest rate savings account,. no lock in time.

[superwell]

A noob question, if I don't have a debt to pay off, what else can I use this card for?

Thanks.

you can do whatever your dreams want you to do..depending on your limit ALL of that money is your's - the 1%, so let's say you get a limit for $5000 you really only have $4950 to spend and spend on anything you like...so a trip, car...fridge....pron... :) whatever..you get the idea...just remember to pay it back in 15 months...all of it.

[st7860]

you can do whatever your dreams want you to do..depending on your limit ALL of that money is your's - the 1%, so let's say you get a limit for $5000 you really only have $4950 to spend and spend on anything you like...so a trip, car...fridge....pron... :) whatever..you get the idea...just remember to pay it back in 15 months...all of it.

no.

after 15 months you apply for a 0% citibank loll and/or get your spouse to apply for a 15month MBNA 0% and do it again. lol.

[superwell]

no.

after 15 months you apply for a 0% citibank loll and/or get your spouse to apply for a 15month MBNA 0% and do it again. lol.

bad...very bad :P

[Slider0906]

Okay so I have been following this forum for the last year and I can't seem to get a solid answer on:
Renewing or getting a New card once the MNBA 0% runs out.
And still get the BODX offer.

When should the renewal or closing of the card be done?? the month of ending or a few months before or what?.

Or Ask for another card ( different type) with BODX and then combine to two.

Thnaks in advance
Slider

[angel_wing0]

bad...very bad :P

yes but alot of ppl are already on their 2nd/3rd cards since u can reapply once your promo is over (and u cancelled the card)...

[st7860]

bad...very bad :P

superbad?

[ecobuilder]

I can confirm the BODX code still works as I just applied for the card this morning.

One thing I noticed that hasn't been mentioned is during his spiel, he stated that the 0% for 15 months also applied to purchases but not cash advances. Was he mistaken? I thought it applied only to balance transfers. I don't care either way as I'll be doing the BT next week.

[VMSHappy333]

I'm just speaking with one of the MBNA reps and they are saying that I can't use the code unless I was part of that "special mailer" he actually said it was "tied" to the person it was mailed to.

Any suggestions?

[El-Producto]

I just applied with BODX, and she knew right away that it was 0% for 15 months. I am awaiting approval. I have one from last year, that was paid off, and complete. She made no mention of me already having a card with them.

[angel_wing0]

I'm just speaking with one of the MBNA reps and they are saying that I can't use the code unless I was part of that "special mailer" he actually said it was "tied" to the person it was mailed to.

Any suggestions?

call again. You just got a tough rep.

[slvnkn]

I can confirm the BODX code still works as I just applied for the card this morning.

One thing I noticed that hasn't been mentioned is during his spiel, he stated that the 0% for 15 months also applied to purchases but not cash advances. Was he mistaken? I thought it applied only to balance transfers. I don't care either way as I'll be doing the BT next week.


I just called and used the BODW code and it worked.

I was told 0% for 15 months was for BT and cash advances...
But the lady did mention something about 0% interest for 15 statements.. so maybe it's 0% for purchases as well.

[Bulishor]

I'm just speaking with one of the MBNA reps and they are saying that I can't use the code unless I was part of that "special mailer" he actually said it was "tied" to the person it was mailed to.

Any suggestions?

If they ask about the mailer again just say you got it and it had a sticker on... apparently those are not personalized and they'll accept it. If not, just keep calling.

[monty555]

Greetings!

I was approved last year for the 0% for 15 months promotion. It will end October 2008. I have been getting conflicting answers regarding possible renewal of this promo. I have been told by some people that it is possible to renew this promo. However, upon calling MBNA customer service, I was told that it was not possible to renew a promotion. So I'm a little perplexed as to which one is the correct thing.

Has anybody here been able to renew their card before the promotion expired? If yes, how did you go about it? Which number did you call (as there are several numbers associated with MBNA)? What exactly did you ask for?

I'd just like to know what my options are... Whether I should try to renew this promotion, find a new promotion (with MBNA) and transfer the balance on this card to a new MBNA card, or find a new promotion with a different credit card (not MBNA).

Any help or suggestion would be much appreciated. Thank you very much.

[T3rry]

Greetings!

I was approved last year for the 0% for 15 months promotion. It will end October 2008. I have been getting conflicting answers regarding possible renewal of this promo. I have been told by some people that it is possible to renew this promo. However, upon calling MBNA customer service, I was told that it was not possible to renew a promotion. So I'm a little perplexed as to which one is the correct thing.

Has anybody here been able to renew their card before the promotion expired? If yes, how did you go about it? Which number did you call (as there are several numbers associated with MBNA)? What exactly did you ask for?

I'd just like to know what my options are... Whether I should try to renew this promotion, find a new promotion (with MBNA) and transfer the balance on this card to a new MBNA card, or find a new promotion with a different credit card (not MBNA).

Any help or suggestion would be much appreciated. Thank you very much.

as has been stated probably 200 times, you CAN NOT RENEW the offer, HOWEVER

you can get a new card, with a new BDOX promo, and then have them "merge the credit limit" of the old card, on to the new one, thus giving you more available credit, and having the 15 month promo again.

[monty555]

as has been stated probably 200 times, you CAN NOT RENEW the offer, HOWEVER

you can get a new card, with a new BDOX promo, and then have them "merge the credit limit" of the old card, on to the new one, thus giving you more available credit, and having the 15 month promo again.

Thanks for the information. I appreciate it.

[angel_wing0]

as has been stated probably 200 times, you CAN NOT RENEW the offer, HOWEVER

you can get a new card, with a new BDOX promo, and then have them "merge the credit limit" of the old card, on to the new one, thus giving you more available credit, and having the 15 month promo again.

will the csr check the records, and say u have had the promo already and wont let u apply for a new card?! or do they just do applications and nothing else?!

[st7860]

dont tell them you have a card already until you ALREADY have the 2nd card.

[Jenthenaturelover]

dont tell them you have a card already until you ALREADY have the 2nd card.
Wouldn't they already know you already have a card after you gave them your personal information and they plugged it in their computer data-base?

[st7860]

Wouldn't they already know what's you gave them your personal information and they plugged it in their computer data-base?

if they didnt want people to have 2nd cards they could easily program the computer to reject a 2nd application.

[Jenthenaturelover]

if they didnt want people to have 2nd cards they could easily program the computer to reject a 2nd application.
I know, but I'm just wondering if you give them your name, DOB, and stuff they'd automatically know your history.

This still wouldn't mean you couldn't get a new card, but they'd know your credit threshold.

[angel_wing0]

dont tell them you have a card already until you ALREADY have the 2nd card.

yip of cuz i wont tell them, what i am afraid is they will know...

[Trooper8111]

I know, but I'm just wondering if you give them your name, DOB, and stuff they'd automatically know your history.

This still wouldn't mean you couldn't get a new card, but they'd know your credit threshold.

They know what and how many cards you have with them. No matter to them as long as you're creditworthy. They even suggest that you move around your available credit.

[T3rry]

just do it, the worst that'll happen is they'll say no.


tons of people in this thread have been successful getting a second card, read back.


I dont know what everybody is so afraid of, just try it. like i said, worst they can do is say no.

[angel_wing0]

what about the citi promo? will we be able to do the same like the mbna promo (apply for a second card) assuming it continues after april 2009?

and is there instant approval for citi like mbna?

[jchanq]

citi won't do instant approval. And if they find out you have more than one card with them, they will deny your application and offer to increase your credit limit instead.

[Trooper8111]

citi won't do instant approval. And if they find out you have more than one card with them, they will deny your application and offer to increase your credit limit instead.

+1. Citi is not as generous as MBNA. Their AIR is also higher on most cards.

[angel_wing0]

citi won't do instant approval. And if they find out you have more than one card with them, they will deny your application and offer to increase your credit limit instead.

i see, well i already have 2 cards with them...--*

[nickia]

Hi do you guys know if MBNA will give me a credit card even though I'm currently unemployed (student)? I think my credit history is pretty decent because I always pay my CC bill on-time.

[meg2006]

I just received my CITI card with $15,000 limit and the prom 0% expire April 2009. I called to ask wave or reduce the 1% fee and extend the time to Sep.2009. They transfer me to supervisor who refuse to do any changes. Should I call back at another time? Did any one get the fee reduced ? How do they calculate 1%? Does it worth the transfer because there is only 7month left. Thanks!

[angel_wing0]

I just received my CITI card with $15,000 limit and the prom 0% expire April 2009. I called to ask wave or reduce the 1% fee and extend the time to Sep.2009. They transfer me to supervisor who refuse to do any changes. Should I call back at another time? Did any one get the fee reduced ? How do they calculate 1%? Does it worth the transfer because there is only 7month left. Thanks!

i thought citi has no bt fee??? The rep i called also confirmed that fact.

[GoodDeal]

I just received my CITI card with $15,000 limit and the prom 0% expire April 2009. I called to ask wave or reduce the 1% fee and extend the time to Sep.2009. They transfer me to supervisor who refuse to do any changes. Should I call back at another time? Did any one get the fee reduced ? How do they calculate 1%? Does it worth the transfer because there is only 7month left. Thanks!

I just called and was told the same... I tried increasing the promo period or lower the BT fee, but was unsuccessful.

[angel_wing0]

I just called and was told the same... I tried increasing the promo period or lower the BT fee, but was unsuccessful.

it's not worth it if thats the case.

[richpeoplearecheap]

Thanks RFD for heads up on this card. Followed everything I read on this site and just got a credit increase and the 0.5% balance transfer fee! Now, just going to look for a GIC or Money Market Fund to hold for 15 months!

Just told the rep that "a friend" has the 0.5% BT fee, and got the promotion w/o any problems. The credit limit increase wasn't too hard as I told them I found a new roommate and my portion of rent has decreased.

[angel_wing0]

woofy said this number is the number for citibank: 1-866-848-9548


just a mention that this # does NOT work.

[angel_wing0]

st7860, pls change the citi # to 1-888-899-1230. It's the correct #...called and confirmed by me.

[st7860]

done

[angel_wing0]

done

thanks, and sorry one more thing, there is now a 1% bt fee for citi as well. SUCKS! :( removed my application right away.

[jchanq]

Thanks RFD for heads up on this card. Followed everything I read on this site and just got a credit increase and the 0.5% balance transfer fee! Now, just going to look for a GIC or Money Market Fund to hold for 15 months!

Just told the rep that "a friend" has the 0.5% BT fee, and got the promotion w/o any problems. The credit limit increase wasn't too hard as I told them I found a new roommate and my portion of rent has decreased.

how much credit limit increase did you manage to get?

[lurker99]

BODX is still working, just applied.

[st7860]

mbna now has a 3.99% for lifetime promotion.

http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw

[crimsondr]

mbna now has a 3.99% for lifetime promotion.

http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw

Looks like there is no BT fee for this promotion. Correct me if I'm wrong.

[angel_wing0]

For the citi promotion, you mentioned:

this code still works, it says April 2009 but is good for 12 months from the date you apply. there is a 1% transaction fee.

where u got that from?! all the reps i spoke with confirm it is till april 2009.