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

[st7860]

PC Financial (from 240sxer) 0.97% for 1 year
http://www.pcmastercard.pcfinancial.ca/rocen/cardapp/contentPG/premium_low_balance_transfer_rate_frm.asp?WT.ac=MC S3

MBNA 1.99% for life
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

MBNA 1.99% for life
call (1-888-876-6262) to apply

MBNA 3.99% for life
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw


1.99% for life
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

other 0% codes and other things here
"heregoes" says NEWEST code 8/29/2008 is BODW
call 1-866-544-4104 or 1-877-428-6060

8/29/2008 "patrob" says BODX still works for 15 months.

try BODX first. call 1-866-544-4104

tip from "codeofconduct" to get the 1% mbna fee reduced to 0.5%
"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 =)."

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


MBNA 3.99% interest rate for lifetime
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw


from 902linger, 0% for 12 months - Citibank Mastercard, no annual fee. 1% transaction fee
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=V8G

from angel_wing0
1.9% for 9 months - Royal Bank Visa, no annual fee
http://www.rbcroyalbank.com/services/cards/platinum.html?ASC=QDE143&ProspectID=EE5D2A47A5074BC7B4EF3166A31E710B

9.9% forever rate - MBNA Mastercard, no annual fee
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=6624159&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaabbx6x

prime + 0.9% forever rate - Capital One Mastercard, no annual fee


9/15/2008
new citibank number from angel_wing0 : 1-888-899-1230


MBNA 0% for 12 months(BODX)


or presidents choice financial mastercard.
www.pcfinancial.ca 1.97% 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.

[tazmanyan]

This deal was posted previously, but the code had expired. Seems like it now takes you to the signup page. However, proceed with caution since the card product information page states that:

"Your completed Application, and each Balance Transfer request, must be received by September 28, 2006, to qualify for this balance transfer offer."

[blacknissan]

Just tried it and it doesn't work.

[damnbiker]

Here's a web site that lists a buch of credit cards with 0% balance transfers

http://creditcards.com/balance-transfer.php

I just did the citibank transfer for 12 months no interest. I plan on checking back at that site in 12 months to get another balance transfer until my line of credit is all paid off!

[Rosico]

nice site - but aren't these american deals?

[st7860]

i clicked on it, yes, it sure looks like american deals, such as the discover card and so on.

[engo]

Yeah, I wish we have similiar sites for Canadian Credit Card.

I'm still enjoying the 0% transfer from Citi bank and using the money for investment purpose. I also got a letter from Citi bank last week to increase my credit limit. They may have figured out that they can't make money on my card and want me to use the extra credit for purchases.

[st7860]

Yeah, I wish we have similiar sites for Canadian Credit Card.

I'm still enjoying the 0% transfer from Citi bank and using the money for investment purpose. I also got a letter from Citi bank last week to increase my credit limit. They may have figured out that they can't make money on my card and want me to use the extra credit for purchases.

they probably sent you the increase because the balance transfer put you near your credit limit. a lot of card companies will automatically increase your limit if you are near the credit limit already.

[FZZ]

Yeah, I wish we have similiar sites for Canadian Credit Card.

I'm still enjoying the 0% transfer from Citi bank and using the money for investment purpose. I also got a letter from Citi bank last week to increase my credit limit. They may have figured out that they can't make money on my card and want me to use the extra credit for purchases.

Try this one - http://creditcards.ca/
I just replaced .COM with .CA, but didn't try it yet.

[damnbiker]

Yeah, I wish we have similiar sites for Canadian Credit Card.

I'm still enjoying the 0% transfer from Citi bank and using the money for investment purpose. I also got a letter from Citi bank last week to increase my credit limit. They may have figured out that they can't make money on my card and want me to use the extra credit for purchases.

If you're just looking to pay down some debt then who cares if it's an American card or not? Actually, if you're looking to pay off debt, the less places you can use the card, the better off you'd be! :D

[Genia11]

I applied before the end of last month and got the approval last week. I requested the transfer yesterday and the 0% until August 2007 still applies.

This deal was posted previously, but the code had expired. Seems like it now takes you to the signup page. However, proceed with caution since the card product information page states that:

"Your completed Application, and each Balance Transfer request, must be received by September 28, 2006, to qualify for this balance transfer offer."

[Rosico]

If you're just looking to pay down some debt then who cares if it's an American card or not? Actually, if you're looking to pay off debt, the less places you can use the card, the better off you'd be! :D

Oh, I don't care if it is american or not, just was unaware that we could qualify for these since they aren't in Canada.

[thedonald]

Try this one - http://creditcards.ca/
I just replaced .COM with .CA, but didn't try it yet.


I tried that site and it works. They do have some 0% cards listed, but when I clicked on the cards, it takes you to the card's web site, I tried a few of them and couldn't find any card with 0%...

If anyone tries it has any luck finding another 0% card, post the linky here...

--TheDonald

[bazan]

Did anyone confirm if we need to activate the card before using the 0% BT cheque? I received the card and the 0% BT cheques, but don't really want to go through the hassle of activating (talking to all those reps trying to upsale you something)

Thanks.

[dealguy2]

What is the billing cycle on this card? I can't remember the exact day I did by BT but I still have not received a bill yet.

[bubble.tea]

huh? how come a new thread? I woudl've expected you to just hyperthread it into your other 0% CC one?

oh, and out of curiosity I just tried it and it is STILL READING ERROR.

is this dead then?

[jackboot]

Did anyone confirm if we need to activate the card before using the 0% BT cheque? I received the card and the 0% BT cheques, but don't really want to go through the hassle of activating (talking to all those reps trying to upsale you something)

Thanks.

I did a BT (to my bank account) without activating the card. There is no need to activate the card to do a BT. This way you won't be hassled by the reps trying to upsell you 100 varieties of insurance.

[damnbiker]

I managed to get in on the 12 month no interest deal with the Citi card, I signed up online. I entered the account info for my other credit card and my line of credit while signing up for the card, recieved the card and activated it - in that order. The agent tried to sell me all that insurance stuff but I just told him no thank you and was done with it.

Now the card sits quietly in a drawer while I continue to pay down my line of credit balance that still remains. I lowered my credit limit on the card that I carry around with me and when it comes time to pay off the card I will simply get another "one year no interest" card, put as much of the balance from my Citi card and Line of credit as I can on to the new card and cancel the Citi card. I figured that by doing this I will save about $700 a year in interest. This is DEFINITELY a hot deal if you're trying to pay down some debt.

[thedonald]

For those of you that have been sitting on the side lines on this deal, have another chance to get it on it. How about 0% interest until October 2007? Well, here is the code for it!

0% interest until OCT 2007 - N6T

BTW, this card is with CITIBANK and you can get the linky from the first post. I guess this is not an expired deal anymore! :lol:

ENJOY ALL!

--TheDonald

[st7860]

For those of you that have been sitting on the side lines on this deal, have another chance to get it on it. How about 0% interest until October 2007? Well, here is the code for it!

0% interest until OCT 2007 - N6T

BTW, this card is with CITIBANK and you can get the linky from the first post. I guess this is not an expired deal anymore! :lol:

ENJOY ALL!

--TheDonald


how do you get these updates? do you get postal mail spam from citibank, or do you sit there and try "A, B, C" etc?

[antonywoo]

Can I write a cheque to myself from a TD visa, and then do the balance transfer to CITI?
Thanks

[st7860]

Can I write a cheque to myself from a TD visa, and then do the balance transfer to CITI?
Thanks

I would recommend you do the balance transfer from CITI to TDBANK first then write yourself the check from TD. That is so you will save yourself a few days of interest.

[sagamm]

I did a BT (to my bank account) without activating the card. There is no need to activate the card to do a BT. This way you won't be hassled by the reps trying to upsell you 100 varieties of insurance.

wow.That's awesome.how did you do the BT?call them or just write the cheque?Thanks:)

[sagamm]

Can I write a cheque to myself from a TD visa, and then do the balance transfer to CITI?
Thanks

I dont understand...buddy,why you wanna waste money?

[antonywoo]

How does the BT work? I thought it was transfer between credit cards only. I could actually write a citi cheque and directly deposit to my bank account with 0%? Is there minimum payment before next Oct?

Thanks

[brunes]

How does the BT work? I thought it was transfer between credit cards only. I could actually write a citi cheque and directly deposit to my bank account with 0%? Is there minimum payment before next Oct?

Thanks

Yes. You can write yourself a BT cheque and deposit right into your bank account.

I do this all the time with my RBC visa, which has a constant 3.97% BT rate.

[coleworld]

Just received my gold card, activated it, and awaiting the balance transfer cheque package. I will have 0% interest until Oct 26th 2007, which will save me over $600 in interest. PLUS there are NO balance transfer fees at all!

Thanks so much for this deal! :cheesygri

[st7860]

i tested it just now, and the codes are still working.

[jefguth]

Is it possible to enter a chequing account number in balance transfer section of the application and have then deposit it directly?

Or do you write yourself a cheque when they send it? Do you have to request the convience cheques or do they just come with the card?

And there's no mention of BT fees anywhere that I see, are there any?

I apologize for the newbie questions - I've been doing this with my cards in the US for a short while now, but never thought of doing it in Canada b/c I didn't realize there were any 0% offers out there.

Thanks

[Y Poons]

Is it possible to enter a chequing account number in balance transfer section of the application and have then deposit it directly?
<snip>


YES. In fact, I had originally put the my PC Line of Credit account number, and the Citi rep called me and told me that it would be easier for them to do the BT into my bank account. So I gave him my chequing account info, got my full credit limit deposited (confirmed at 0% for 365 days) into my chequing account 5 days later, and then transferred it into my PC Plus savings account where it is earning 4% while I decide what to do with it. I should thank st7860 and THEDONALD for this deal :)

[n a m]

anyone try to get this deal on a current CITI card?

[jefguth]

YES. In fact, I had originally put the my PC Line of Credit account number, and the Citi rep called me and told me that it would be easier for them to do the BT into my bank account. So I gave him my chequing account info, got my full credit limit deposited (confirmed at 0% for 365 days) into my chequing account 5 days later, and then transferred it into my PC Plus savings account where it is earning 4% while I decide what to do with it. I should thank st7860 and THEDONALD for this deal :)

it turns out that bank account numbers are not valid (due to the number of digits) on the online app, I guess it went through initially for you because your LOC number is a credit card number. Guess I'll just have to do this the old fashioned way.:|

[mensrea]

YES. In fact, I had originally put the my PC Line of Credit account number, and the Citi rep called me and told me that it would be easier for them to do the BT into my bank account. So I gave him my chequing account info, got my full credit limit deposited (confirmed at 0% for 365 days) into my chequing account 5 days later, and then transferred it into my PC Plus savings account where it is earning 4% while I decide what to do with it. I should thank st7860 and THEDONALD for this deal :)


Thanks RFD, this is great! My wife and just bought a new home and had to get a secure line of credit to put down 25k. Although the line of credit is a pretty good interest rate (prime) nothing beats 0%. This is going to save me well over one thousand dollars over the year!!!

THANKS AGAIN!!! :cheesygri

[TorontoEh]

Thanks RFD, this is great! My wife and just bought a new home and had to get a secure line of credit to put down 25k. Although the line of credit is a pretty good interest rate (prime) nothing beats 0%. This is going to save me well over one thousand dollars over the year!!!

Question? You can take a cash advance and still pay 0% ? can anyone confirm pleasea>

[mensrea]

It's a balance transfer to my chequings account. As others in the thread, I confirmed that this was possible and that it's 0% until next october.

[uzer101]

went through for me you guys saved me 19% interest on 5Gs for one year thanks!

[krs]

Back to n a m's question.
Anyone know if I can somehow apply this to an existing citi mastercard?
Or will they let me get a new one?

I used to have two CIBC visa cards, then CIBC cancelled one which apparently happened automatically by their system because the name and address were the same..
When I explained to CIBC that I always had two in the past, one for business and one for personal use, they worked around the system for me by using my name with EXP behind it for the second card (EXP=Expenses).
Worked great for a number of years with CIBC Visa - wonder if something like that would work for citi. I could use another 0% BT for a year.

[AllWheelDrift]

I don't think you can get this applied to your existing card, but I believe people have successfully applied for a 2nd card from Citi.

[krs]

OK, I just applied for a second card. We'll see what happens.

[(Bean)]

Does the Zero interest for a year version of the card have a minimum income requirement? and if so is it a FIRM requirement? I have seen some cards require a pretty hefty income - and I always wonder how serious the are about that requirement. Thanks

[Rehan]

Does the Zero interest for a year version of the card have a minimum income requirement? and if so is it a FIRM requirement? I have seen some cards require a pretty hefty income - and I always wonder how serious the are about that requirement. Thanks The application lists a minimum income of $20,000.

[pkthree]

What credit limit have they been giving for $20,000 income?

[Rehan]

What credit limit have they been giving for $20,000 income? Probably $2500.
http://www.citibank.com/canada/cards/english/card_compare.htm

[st7860]

Does the Zero interest for a year version of the card have a minimum income requirement? and if so is it a FIRM requirement? I have seen some cards require a pretty hefty income - and I always wonder how serious the are about that requirement. Thanks

the hardest part is getting the first 1 or 2 cards. after about 6 to 12 months of having 1 or 2 cards, you can get a lot more choices, and the income won't matter as much, just put down a reasonably high amount and it'll probably work.

[udh]

Somebody mentioned that he/she successfully entered the bank account # into the on-line application form, other said that it won't work, only credit card # is accepted. :confused:

Can someone please confirm either way? I wanted to apply for the card, but not sure how you can take advantage of the 0% balance transfer as I don't have any outstanding balance transfer, ever?

For example, if I have to enter a credit card number but i don't have any outstanding balance transfer, so the money from Citibank would become a credit on this credit card, right? Then I need to order some cash advance cheques from that credit card company to take the money out, correct? I am worried that the CC company will charge hefty cash advance fee if I do it this way. Please advise!!!

:confused:

Thank you in advance.

[jhyang23]

If you do a BT with this card, do you need to pay back some amount each month so that your credit score is not affected?

[hulkmania]

Thankyou so much. Just applied and will wait for the mail to come in.

[Octavius]

I signed up for the card about a month ago and I used the promo code in the first post from the expired deal section (the new code will work just fine). I just left the BT section of the online application blank and submitted it with enough info for them to give me a card.

Just because you get an offer in the mail (or here, RFD) for 0% does not necessarily mean you will GET 0%. It all depends on how good your current credit rating is. Most of the time, if your credit is good enough (as it was in my case) you won't have to worry and you'll get the 0%.

Once you receive your card in the mail, you'll have to call to talk to a rep to perform the BT. Just have a check ready with the checking account info where you want the money to go. BEFORE DOING THIS, CONFIRM WITH THE REP THAT YOU QUALIFIED FOR THE 0% BT...you don't want to do a BT at 19%...trust me...

After about 5 days you'll get the cash in your checking account. I'm still waiting for mine but I called them mid last week, so I'm giving them till wednesday before I call to complain. Assuming everything goes well with my home sale in next few weeks, I'll prob take the amount and invest it somehow...but at the very least it'll sit in my PC Financial 4% savings account while I make the minimum payments each month to keep my account in good standing.

Hope this helps.

Somebody mentioned that he/she successfully entered the bank account # into the on-line application form, other said that it won't work, only credit card # is accepted. :confused:

Can someone please confirm either way? I wanted to apply for the card, but not sure how you can take advantage of the 0% balance transfer as I don't have any outstanding balance transfer, ever?

For example, if I have to enter a credit card number but i don't have any outstanding balance transfer, so the money from Citibank would become a credit on this credit card, right? Then I need to order some cash advance cheques from that credit card company to take the money out, correct? I am worried that the CC company will charge hefty cash advance fee if I do it this way. Please advise!!!

:confused:

Thank you in advance.

[Octavius]

Yes. If you miss a monthly payment, the 0% BT is REVOKED and interest starts at 19%. So make sure you make the minimum monthly payments to avoid this! If I remember correctly, it'll be about 3% of the amount owing that will be due each month.

If you do a BT with this card, do you need to pay back some amount each month so that your credit score is not affected?

[f00kie]

I'm kind of out of the loop about balance transfers and all, but could someone just give me a quick heads up for my situation?

I'm a student, have a Visa (applied for it on my 18th birthday and had it ever since), $2,000 limit, never accumulated any interest (1.5 years I've had it), always paid in full the day before the payment was due.

I might need $1,000-$1,500 extra for school (to pay for tuition come Nov. 15th). It's not a big deal, I think my parents can lend it to me, but if I can someone get something interest free until the summer when I'll be working again, it'll be a bonus. So, can anything be done through this offer?

[Rehan]

So, can anything be done through this offer? If you're a student, you probably don't have the minimum $20,000 annual income...right?

[xg3]

i am a student.. and i got it no problem.

I didn't even enter my social insurance number. Just name, address and the usual.. Suprised me too.

I got the packages with the 0% BT and stuffs.. and has its no service charge to BT from any other credit card.

From a year i iwll save about $380

hooray

[f00kie]

If you're a student, you probably don't have the minimum $20,000 annual income...right?

Well, technically, yes. However, this is all hypothetical, I'm just learning, and who knows, maybe my parents can do this too.

I started reading at this link (http://www.mymoneyblog.com/archives/2006/08/introduction-and-warnings-about-0-balance-transfer-offers.html), and I couldn't really believe it.

So, basically, with this offer, you apply, get accepted, then ask for a balance transfer (which in the link above I concluded simply means asking for a free loan?), then the bank grants this to you and sends you a check (the money doesn't even have to be used to "pay off" a credit card loan?), and then you make the minimum payment every month before the due date to have the 0% offer + pay back everything by the end of the 12 months?

Did I miss something (little or big, its important)?

[champion_qh]

The promo code works, but however I couldn't continue the application. My IE has error on page (shown at the bottom) at the step 1 of 3. Did it happen to everyone?? I doubt maybe the offer is expired.

[krs]

The promo code works, but however I couldn't continue the application. My IE has error on page (shown at the bottom) at the step 1 of 3. Did it happen to everyone?? I doubt maybe the offer is expired.

Try a different browser.
IE is garbage anyway.
I had browser trouble too - I then used firefox and everything went through without a hitch.

[howwon]

I just applied online, using code N6T from the first post. I used the Firefox browser and I did not run into any problems.

I did however noticed some interesting details, in the fine print.

Your application and any balance transfer, must be completed by November 30, 2006. On the summary page, it stated that the application could take up to 4 weeks to process.

Hmmm, this could be interesting.

[hulkmania]

have any tried calling in to shorten the 4 week process?

[mensrea]

I asked about this deadline and the CSR said "I've never heard that, anyways, I promise, you'll have the 0% until October 2007."

[hulkmania]

I just called the CSR of CTI, they said my application is approved and i will receive the card in a week! Hopely i will get my 0% approve.

[coopercold]

:) i just applied -- gotta love free money (well, interest free at least!)

[windough]

Applied hopfully they do the requested BT of 10k to my Visa account.

What's the largest someone has done?

[Darth Tater]

Applied hopfully they do the requested BT of 10k to my Visa account.

What's the largest someone has done?

This was a few years ago but I once did a BT of $10-12K :D :D :D

[bubble.tea]

do you get a postcard "Thanks for comin' out" if you're denied? :lol:

[mensrea]

Any other CC companies have this deal???

[ckang008]

I applied for the BMO airmiles card. How good is this card compared to the average bmo airmiles card besides the interest rate difference?

[ckang008]

Actually, I have some interesting news.


My sister works for BMO as FSM and she doesn't even know about the Silver Card promo. And I'm pretty sure she gets the most updated news from the branch. Is her branch being slow at getting news or this is not legit?

Thanks

[Furiae]

How long does this usually take to process after you apply?

[TorontoEh]

Could I transfer balance form a leons card? my financing period isexpiring jan 07.....also, i'm assuming they send you someting in mail or you have to do it on phone? balaance transfer?

merci :)

[akt921]

Applied hopfully they do the requested BT of 10k to my Visa account.

What's the largest someone has done?

I did $30K early this year.

[b0ne]

Actually, I have some interesting news.


My sister works for BMO as FSM and she doesn't even know about the Silver Card promo. And I'm pretty sure she gets the most updated news from the branch. Is her branch being slow at getting news or this is not legit?

Thanks

Uh, it's on their website.. how can it not be legit?

[spinbot]

FYI -- Applied online Nov.1st, card received Nov.10th.
No phone calls required.

There is no reference to the 0% transfer anywhere in the literature sent, however it may be discussed when I call to activate the card.

I just got off the phone with them and they have already sent the payment request to my bank, however the indicated they don't have the best of luck paying line of credits, thus they are sending me balance transfer cheques ( not the same as the normal Mastercard cheques ), that will do the same job. I will just have to make sure they do the transfer at the 0% rate )

[hprockets]

i applied mid-october, got the card in the mail in early nov., and did the balance trasfer to pay off another credit card in about a week.

0% interest, no annual fee, no transfer fee, no admin fee. this is absolutely great!!!

[bubble.tea]

.......My sister works for BMO as FSM .............

I think the problem is that they need a new FSM. :lol:., jokes ;)

[benlucanada]

got the card, but couldn't find any info of 0% BT, called CSR, being told after 7 days will show up the promotion on my profile, is anybody having the same? will citi mail me the BT cheques? TIA.

[QweQaz]

Applied for the 0% Citi MC about 10 days ago; no response yet. Is it ever a good idea to apply for different credit cards at the same time? Or will it look bad somehow?

[bubble.tea]

I applied for this seemingly AGES ago.

Curiosity getting the better of me today I called in.,

1- rep confirms application approved october 19th., but I never received anything...
2- does more sniffing around., discovers a DUPLICATE application submitted that resulted in my FIRST being cancelled? lol. Perhaps whent he website HICCUPPED while I was applying TWO applications were submitted. OUCH. Anyway., gave reference #, and said he'd forward to some dept. to investigate. STINKus maximus. Oh well., good news since I was approved in essence anyway...now just a matter of time to receive it.

[chalmers]

For those of you wondering about applying it to an existing citibank card, the short answer is: Not possible.

I filled out the application online, and received a letter 4 weeks later showing that I couldn't do it. So I called in (1-800-387-1616) and asked if they would be able to offer me the same 0% BT, but the CSA said it was for new customers only. I pointed out that seems like a shaft to current customers, and she said "Sorry, that's the way it is." So, I told her I'd like to cancel the card, and she said "OK, but you should know that we'll just re-open the old one if you re-apply trying to get this offer." Doh! Oh well, I canceled it anyway, I didn't need it.

SO... any OTHER cards out there offering 0% BT? Besides the MBNA one, which I've already taken advantage of.

[sazaks]

Applied last week and received my card yesterday. Thanks RFD!

[don242]

Just a caution for all.

I signed up for this during the last promotion. It is a good deal. Just be sure when they send you the BT cheques that you are using the 0% cheques (they should have an expiry date written on them). I got the card and they sent out cheques but they were regular cheques at the full 19%. When I called they said the 0% cheques would follow. So just double check that you use the right cheques.

[Norva]

tried thousands of times, problems always come out at the last step.
but on the same computer, I applied for my wife, it went through.

I called CSR in Citibank, was told the promotion is not valid for everybody.

any suggestion?

[zero64]

I had the same problem, turned out I needed to install some software. I had just formatted my HD and hadn't put flash, java or shockwave on it yet.

Unfortunately I don't know which one did the job, but I know it went through right after I did the installs.

You were able to apply for your wife on the same comp though, so my solution might not work.

tried thousands of times, problems always come out at the last step.
but on the same computer, I applied for my wife, it went through.

I called CSR in Citibank, was told the promotion is not valid for everybody.

any suggestion?

[bubble.tea]

So....Um....has anybody been able to get TWO Gold CCs?

I just found out that because I already have one., my 2nd one was denied....CRAPTACULAR.

Gonna call'em up and see what they can do for us.

st7860...you MUST work for Memberworks don't you? Your bloody username has their phone number even.

[flito ray]

For those of you wondering about applying it to an existing citibank card, the short answer is: Not possible.

I filled out the application online, and received a letter 4 weeks later showing that I couldn't do it. So I called in (1-800-387-1616) and asked if they would be able to offer me the same 0% BT, but the CSA said it was for new customers only. I pointed out that seems like a shaft to current customers, and she said "Sorry, that's the way it is." So, I told her I'd like to cancel the card, and she said "OK, but you should know that we'll just re-open the old one if you re-apply trying to get this offer." Doh! Oh well, I canceled it anyway, I didn't need it.

SO... any OTHER cards out there offering 0% BT? Besides the MBNA one, which I've already taken advantage of.

i was able to get get 2 citi gold master card. second was for lower limit so im not sure what the problem is.

[chalmers]

So....Um....has anybody been able to get TWO Gold CCs?

I just found out that because I already have one., my 2nd one was denied....CRAPTACULAR.

Gonna call'em up and see what they can do for us.


Good luck. Like I said, I was SOL. But if you are successful, please report back.

i was able to get get 2 citi gold master card. second was for lower limit so im not sure what the problem is.

I guess you got lucky (or bubble.tea and I were unlucky).

I think I'll wait a few days, then reapply, but this time over the phone. That way I know right away, instead of having to wait 4 weeks.

[bubble.tea]

Here's the scoop.

I asked what could be done.

Option 1: increase my credit limit on my CC Gold already acquired. Problem was it was already maxed. I suggested taking an amount from my Enrich., but was told only way to move credit limits around was to cancel the other one ( I know this isn't entirely correct., but meh ).

Option 2: Just reapply using wifey. Since the income concerned is a HOUSEHOLD one., we're good to gizzo.

That's how it's played out.

[Atragon]

Roughly how long does it take between applying, acceptance, and reciept of the balance transfer kit?

This deal sounds hot.

[nolookingca]

Roughly how long does it take between applying, acceptance, and reciept of the balance transfer kit?

This deal sounds hot.

I'd say probably a month or so, depending on how fast they confirm your employment and phone #.

[st7860]

I'd say probably a month or so, depending on how fast they confirm your employment and phone #.

if you report the same employer as you reported on your previous credit applications, they probably won't call to verify it.

[Atragon]

Oh joy. Seeing as I've swapped employers twice in the last 12 months that'll suck for verification. (8 months of co-op between being employed by the campus IT department). However, I have been employed by the campus IT department since the start of '05.

[st7860]

it doesnt really matter if you swapped jobs unless you actually applied for a few credit cards this year and reported each of the different jobs.

[spinbot]

Roughly how long does it take between applying, acceptance, and reciept of the balance transfer kit?

This deal sounds hot.

FYI -- Applied online Nov.1st, card received Nov.10th.

No "Balance Transfer Kit" was sent. You fill out on the applications what transfers you want. You can request balance transfer cheques after you get your card though.

I got a letter in the mail ( Nov.17 ) saying they had sent payment to my Line of Credit ( the only balance transfer I requested when I signed up ), however it has not showed up as applied against it yet. Apparently they will get rejected ( on Line's of Credit ), thus the reason for requesting balance transfer cheques as they should work without a problem.

[Atragon]

FYI -- Applied online Nov.1st, card received Nov.10th.

No "Balance Transfer Kit" was sent. You fill out on the applications what transfers you want. You can request balance transfer cheques after you get your card though.


Fantastic. Though if I'd known that earlier I would have filled that info out... do'h. Hopefully everything works out before the 30th!

[mcbg1]

I applied on Nov 7th and received my card in the mail today. Surprisingly enough, my balance transfer to my Visa card was done today also. (I simply put my credit card number in my online application). Nobody called at work to verify my salary.

However my dad who applied on Nov 5th still hasn't received his card. Maybe next week?

[Azxster]

Received it as well... how come I don't get the Balance Transfer kit?

[RedMosquito]

Thank you thread-starter.

Got my card on the 17th, I applied about 10 days before that and they did call my employer about 2 days after I filled out the application.

I called the CSR and he verified that the BT I requested on the app went through and it did but then I asked about additional BT's (I might buy a new TV with my old card and then do another BT for the 0% rate) and he asked if I got the cheques in the mail yet. So I assume they automatically mail you these cheques? I'm asking because some people said you have to request them? I guess I could just call them back and find out :)

[spinbot]

There are apparently 2 types of cheques ( from what the person suggested to me on the phone ). The one set qualify you for the 0% transfer rate and the others, not sure about them. I haven't received either -- just my "welcome, here are the terms" package and the "we've sent XXXX to XXXX company to pay off your debt". The rep did say she is sending the 0% transfer cheques to me.

FYI -- although I got the letter saying they paid my Line of Credit with the balance transfer, my bank account still shows owing the full amount. Citi did say they have problems paying off Lines of Credits and that I may have to write a cheque directly to deal with it.

[krs]

When I signed up with citibank for this deal a while back, I thought they would do the balance tranfer electronically.

Wrong!!!!

The CSR told me that they send the BT request to some other office where they process it and physically send out a payment through the mail.
The CSR suggested I just send one of the balance transfer cheques myself and it would be much faster.
That's what I ended up doing - worked like a charm.

[wilson881]

Thank you thread-starter.

Got my card on the 17th, I applied about 10 days before that and they did call my employer about 2 days after I filled out the application.

I called the CSR and he verified that the BT I requested on the app went through and it did but then I asked about additional BT's (I might buy a new TV with my old card and then do another BT for the 0% rate) and he asked if I got the cheques in the mail yet. So I assume they automatically mail you these cheques? I'm asking because some people said you have to request them? I guess I could just call them back and find out :)

Do they call your employer only for proof of employment? I work part time and in the application i pretty much wrote that i make full-time income..

[aaaaaa]

no, they never call to check... i write down fake phone numbers all the time =)

[st7860]

no, they never call to check... i write down fake phone numbers all the time =)

yes. thats why you should write the same employer on every credit application, this will reduce the chance of them checking.

[a in yul]

i applied and recd the car few months back, and wanted to take advantage of the 0% trf pymt option but was told it applies only till may 31/07...??!!

any way i can have it converted till oct 07 as per this promo..??

thx

[hulkmania]

I applied the master card on the 4th of nov. and today nov 20. finally receieve the card. called in and check i only can get $2700 only!!! **** i applied for $6500 something. i asked if she can bump up my credit. she said we need to wait 6-8months. now i have 2 credit card to pay off. >:(

[YLSF]

Umm.. before you make a very costly mistake, you should verify that you can do 2 BTs at the 0% interest rate. I think only the first BT request gets the 0% interest rate no matter what method you use for the second. So, any other balance transfers you do will get charged at the normal interest rate. I am pretty sure on that, but, if you think otherwise you should find it in writting first before you do this...




I called the CSR and he verified that the BT I requested on the app went through and it did but then I asked about additional BT's (I might buy a new TV with my old card and then do another BT for the 0% rate) and he asked if I got the cheques in the mail yet. So I assume they automatically mail you these cheques? I'm asking because some people said you have to request them? I guess I could just call them back and find out :)

[premium plus]

Try this one - http://creditcards.ca/
I just replaced .COM with .CA, but didn't try it yet.

i dont know how accurate that site is...i did a search for low interest credit cards, and it came up with TD emerald visa...12$ annual fee and 0% interest...

i work for TD, and i can assure all of you that we offer no such credit card. the emerald visa has an annual fee of $25, and the intrest rate varies from 6.9% to 12.9%

[xg3]

i am student.. i freelance.. applied 2 months ago

and got the 0%.. $5500 limit.

[spinbot]

Just confirming that with my second mailing I received today, it included my PIN# and 3 "MasterCheques". These are NOT for 0% Balance Transfers.

I had to call in and request the Balance transfer cheques be sent to me. They also arrived today and said I qualify for 0% on transfer made with them until Nov.8, 2007. I have a deadline to use them of Dec.23/06

[howwon]

Excellent. The card arrived on Monday (Nov 20) and the transfer was done direct to my bank. :D

[hulkmania]

Ya i receive a letter on tuesday which said the $$ is successfuly transfer.

[oaht]

I am looking for a 0% on balance transfer. Please let me know there is such a thing since I really needed it to pay off my debt. Please let me know. Thanks.

[jefguth]

no, they never call to check... i write down fake phone numbers all the time =)

In my case the credit reporting agency apparently tried to call, which was a total mess for several reasons.

1. I am a grad student now studying in the USA - They cannot process student cards for students at foreign universitites
2. I listed my employment as with a family company I work for during summers off
3. Listed my income to include the amount of money I recieve in a year from student loans, parents, and employment

Apparently my relatively high income and employment, that would not have been reported in the past since I last applied for a credit card mid way through my undergraduate degree, prompted them to attempt verification.

When I called Citi to inquire about my app. I was told that they tried to verify , but apparently the phone number was not valid... Tried to clear it all up with the CSR but it looks like I've lost my chance to take advantage of the offer.:mad:

[howwon]

I received a confirmation letter on Wednesday (Nov 22), with details of the BT.

Annual interest rate of 0.00% through 11/13/2007.

This will save me $462.00 in interest for one year. :D :D :D

[peterc_rfd]

Could someone offer their opinion on the net impact of utilizing an intro BT offer on one's credit report/score? Am I correct in assuming that the answer to this depends on the individual?

Example A:
- Person A has $10,000 total available credit, and carries approx. $5000 worth of balance
- If he applies for and obtains the Citi Mastercard with a limit of $5000, his total available credit increases to $15,000
- Is it true that his credit score might increase because his overall debt ratio decreases to 33% instead of 50%?
- What's the effect of carrying a high balance on one particular card?

Example B:
- Person B has $5,000 total available credit, and does not carry any balance
- Person B wants to take advantage of 0% BT offer to earn some free interest and applies for and gets the Citi m/c with a limit of $5000
- Since she never carries a balance, does applying for and using the Citi m/c to the max ($5000 balance) affect her credit score negatively?
- In this case, her overall debt ratio will go from 0% to 50%, not to mention , as in example A, she also will have one card with a max balance.
- Would this person's credit score drop (albeit temporarily and perhaps only a small amount)?

I guess my question has to do with how much of a difference is there between having a low versus medium overall debt ratio. And the significance of having one maxed out card (by way of maximizing a 0% BT offer) Assume, in both examples, both people always pay their payments on time.

Thanks in advance for any info!

[luckyduke]

I just received three 0% BT cheques from Citibank. I have no debts to pay off, so all the money will be for investment. I am pretty sure those RFDers who got in this deal many months ago have figured out how to make the most $$$ out of the "technically" free money.

Would anybody please share/give me some advice as to what I should do with my money ($16K) besides the well-known option: PCF 4% Interest Account? Please help guys as I know close-to-nothing about investment/financial stuff.

Thanks in advance!

[spinbot]

Unless you are looking to get a mortgage combined with the fact you space to use on your cards, I wouldn't be too concerned about your credit score. Worse case, you need to buy a house and they mortgage place says "you have too much credit available", so you just go cancel a few of your cards.

[don242]

It won't affect your score if you are making the payments each month. Your income:debt ratio may have some impact if you are looking to get another loan anytime soon but otherwise no worries. And as was mentioned, if you are looking to get another loan, just reduce the limit of some of the cards you aren't using very much.

[st7860]

if you're an average working person who has nothing not even a late library book or a parking ticket or an old unpaid bill on his or her credit report, reducing a credit limit or worrying about your balance is pointless.

[zoogle]

Weak... I gross 70k and they only gave me 3700 for a BT. :|

[RedMosquito]

Umm.. before you make a very costly mistake, you should verify that you can do 2 BTs at the 0% interest rate. I think only the first BT request gets the 0% interest rate no matter what method you use for the second. So, any other balance transfers you do will get charged at the normal interest rate. I am pretty sure on that, but, if you think otherwise you should find it in writting first before you do this...

Well the online application lets you fill in 2 BT entries so you are definitely not limited to 1 BT. I only did 1 BT and that one was processed but Citi and I called and asked them to send me some 0% BT cheques. I asked her specifically about the 0% numerous times, she confirmed I still had $X (credit limit minus my blanance) available for 0% BT's.

I think people have confirmed that these 0% BT cheques they send you to use say right on them that they are 0% BT.

[RedMosquito]

I am looking for a 0% on balance transfer. Please let me know there is such a thing since I really needed it to pay off my debt. Please let me know. Thanks.

try reading the 1st post of the thread you just posted in maybe?

[RedMosquito]

Do they call your employer only for proof of employment? I work part time and in the application i pretty much wrote that i make full-time income..

Yes they called my employer.

[TorontoEh]

hey folks, wanted to apply but when reading the pdf documentation, it says:

Your completed Application, and each Balance Transfer request, must be received by November 30, 2006, to qualify
for this balance transfer offer.


So i guess its not use to apply now? or is the above only applicable for BT you do online?

[spinbot]

I have until Dec.23 ( it says right on the special balance transfers cheques )

Easiest thing is put everything you need onto something like a line of credit and then pay off your other bills from it.

[flito ray]

anyone able to get 3 credit cards with 0% interest from citi? I've been trying but keep getting reject.

[AllWheelDrift]

I have until Dec.23 ( it says right on the special balance transfers cheques )

Easiest thing is put everything you need onto something like a line of credit and then pay off your other bills from it.
Why make things more complicated than they need be. You can just deposit the cheque into your regular bank account.

[Waiwai]

Thanks for the deal. The 0% cheques came in about one week after the card itself. They said I had until December 30 to use them. In case anyone is wondering, I didn't have to call in to get the cheques, they just came separately from the card itself.

[nchopra]

You've indicated Dec 30 (is this what the cheques say or did a CSR say this?) - as indicated in previous posts you just better make sure you're using the right cheques (ie with an expiry date) otherwise you'll get charged the very high interest rate on the advance.

Thanks for the deal. The 0% cheques came in about one week after the card itself. They said I had until December 30 to use them. In case anyone is wondering, I didn't have to call in to get the cheques, they just came separately from the card itself.

[Waiwai]

You've indicated Dec 30 (is this what the cheques say or did a CSR say this?) - as indicated in previous posts you just better make sure you're using the right cheques (ie with an expiry date) otherwise you'll get charged the very high interest rate on the advance.

It's shown on the cheque itself. This is the only set of cheques I've received. It included 3 cheques with the expiry date of December 30, 2006 underneath the memo portion.

[IceQue]

You dont need to wait for the cheques to arrive, You can call in the number on the back of the card. You can either deposit the money you want to transfer onto your credit card that you want to pay off or your bank account. There is no end date on transfers, So long as you have credit on your Gold card to do it, you can keep doing it untill the 0% promo offers expires.All this verifed by the CSR when I called in today.

[krs]

Did you happen to ask te citi CSR how long the transfer takes doing it over the phone? When I called about a year ago it was all manually going through different departments at citi with the last one finally mailing out a cheque via Canada Post.
I was told it was a lot faster for me to get the balance transfer cheques and mailing them myself.

[adrianf74]

Great lead... applied on the 17th and was approved on the 21st (at least this is what the CSR told me when I called on Saturday). Was told the card should be received shortly. Got a decent sized balance transfer @ 0% for a year.

Bad news was that they applied the transfer against another card rather than my 1st choice which was a credit line. If anybody else is planning to do this, apply over the phone and tell them you want the cheques mailed. I really shouldn't complain since the Credit Line is at prime + 1.75% and the card they're applying this to is at 25.99% (now 18.99% after my little chat with them). :lol:

-a

[MMMM]

Thanks OP

This saved me 600.00:)

[f00kie]

Here's my story so far.

I applied way back around the 7th of November. About 4 days later, they tried calling my cell and home about 4 times during a 2 hour period. I wasn't able to pick up as I wasn't home, and was in class so I couldn't pick up my cell. I called back later, and they just had some questions for me, like, how I'm a student, yet I put a 6 figure salary on the application. I explained to them that it asked for a household salary, not my own, so that's what I put. Then the person (and he was very polite) asked for my own salary, and while I bent this a little (I said $15,000), it was still under their $20,000 minimum. He didn't mention it.

So now, two weeks have gone by, and nothing, until today. I get a letter saying they can't process my application until I fax (or mail) them the following: Valid Student ID (or proof of tuition payment), SIN (optional), and a Driver's License, along with a few answers to their questions (what school do I go to, and a friend's name/phone/address).

Hah, couldn't they just deny me right away? Oh well, I'm gonna fax all this in to them.

Oh, I asked for a $15,000 balance transfer.

[slotscanada]

I applied about a month ago. Got a call about 3 weeks ago to "verify my income", and then got a letter today advising since I already have a Citi Mastercard, I can;t have another.

Maybe they realized I rode out the 1.9% transfer with $4,000 a year or so ago?

So, I am sending them back their letter and cancelling my existing MC since I never use it anyways!

:lol:

[Kaz]

I didn't bother applyng for this one as I also had a 1.9% Platinum card from a couple of years ago.
I finally got around to canceling it a couple of days ago, and I'll reapply in 4-6 months.
I'm sure they'll have a good deal then as well.

[windough]

I don't think you'll get approved for that amount. I work full time, with excellent credit and was only approved for 9K balance transfer.


Hah, couldn't they just deny me right away? Oh well, I'm gonna fax all this in to them.

Oh, I asked for a $15,000 balance transfer.

[krs]

........got a letter today advising since I already have a Citi Mastercard, I can;t have another.


I don't understand their logic.

I had the same problem with CIBC Visa where I applied for two cards, one for personal use and one for business.
I initially received both cards and then the CIBC computer cancelled one on me (at least that's what the CIBC CSR told me when I called).
The workaround (to 'fool' the computer supposedly) was to issue the second card with a slightly different name.....it now has 'Exp' behind my name (for Expenses)...and now everything is fine.

[xg3]

this sure help out with 2006 xmas.. but will surely destroy 2007 if i dun pay it off hahaha.

[windough]

Gold Card rec'd today. Don't plan on activating it though.

Thanks OP

[siwong44]

Can anybody confirm?
Is this deal still available?

[mensrea]

I don't think you'll get approved for that amount. I work full time, with excellent credit and was only approved for 9K balance transfer.

My wife, who's never had a credit card before, got 15000.

[st7860]

there's nothing wrong with activating it if you dont use it

[f00kie]

I don't think you'll get approved for that amount. I work full time, with excellent credit and was only approved for 9K balance transfer.

I'm not expecting it, however, I read somewhere that its their final decision anyway, so the higher you aim just gives you more chances of getting that amount.

I'll be perfectly happy with $1,000 interest free for a year.

[theresaxu]

i had some doubt about this promotion at first. it sounded too good to be true after all. but then we applied anyway, and we were approved!!! it's interest free for one whole year!!!!! thank you so so much for posting it here and sharing with us!:razz:

[Bond 007]

Quick Question: I saw in their card product information "Payment and other credits will be applied first to balance transfer amounts at an introductory annual interest rate and then to other account ….".


Is this mean that if I buy items for 10$ at the drugstore with this credit card, they will charge me ~18% of interet on this purchase untill I pay all balance transfers. This is my understanding since I should pay balance transfer first and then other items I bought using this CC. Hope it's not the case ....

The CSR told me to only use cheque # starting with 1XX for the 0% balance transfer and not those one starting with 4, 5 or 6 (like 401, 402, ....). Those one are regular cheque ... at ~18% .....

My wife got it yesterday, 33K$/year (salary) and she got a 15600$ limit, not bad!!!! I'm expecting mine soon ....

[SeerHawk]

Quick Question: I saw in their card product information "Payment and other credits will be applied first to balance transfer amounts at an introductory annual interest rate and then to other account ….".


Is this mean that if I buy items for 10$ at the drugstore with this credit card, they will charge me ~18% of interet on this purchase untill I pay all balance transfers. This is my understanding since I should pay balance transfer first and then other items I bought using this CC. Hope it's not the case ....

The CSR told me to only use cheque # starting with 1XX for the 0% balance transfer and not those one starting with 4, 5 or 6 (like 401, 402, ....). Those one are regular cheque ... at ~18% .....

My wife got it yesterday, 33K$/year (salary) and she got a 15600$ limit, not bad!!!! I'm expecting mine soon ....

Hey Bond,

What was the turn around time from application to getting card.. Waiting on mine impatiently.. LOL!

[Bond 007]

~2 weeks (for my wife) .... but I asked mine 4 weeks ago, got a letter asking to call them back. They asked me my salary versus the household salary, CSR told me I should get their final call in 1-2 weeks ... I think I have too many Credit cards, that's why I got that letter.

[don242]

Quick Question: I saw in their card product information "Payment and other credits will be applied first to balance transfer amounts at an introductory annual interest rate and then to other account ….".


Is this mean that if I buy items for 10$ at the drugstore with this credit card, they will charge me ~18% of interet on this purchase untill I pay all balance transfers. This is my understanding since I should pay balance transfer first and then other items I bought using this CC. Hope it's not the case ....



You are correct. If you take advantage of this offer with the 0% balance transfer, DO NOT use the credit card for anything else until you pay back the balance transfer. Any payments will be made to the lowest interest item (ie. your 0% BT) first. So if you use the credit card for a regular purchase, you will be charged the 18% interest on that purchase until the BT is paid off.

[saku]

Just applied..thanks OP.

FYI, you can always do a free photocard upgrade,

https://www1.citibank.com/canada/cards/english/photocard/index.htm

[TorontoEh]

You are correct. If you take advantage of this offer with the 0% balance transfer, DO NOT use the credit card for anything else until you pay back the balance transfer. Any payments will be made to the lowest interest item (ie. your 0% BT) first. So if you use the credit card for a regular purchase, you will be charged the 18% interest on that purchase until the BT is paid off.

Wow...thanks for pointing that out. But is it okay to do several BT after the first one using their BT Checks? e.g. initially did $5K, can i do another one for $1K

[don242]

Wow...thanks for pointing that out. But is it okay to do several BT after the first one using their BT Checks? e.g. initially did $5K, can i do another one for $1K

Sure this is fine if you are using the cheques. But why not just write yourself one of those cheques for the full limit of the card and deposit it in your bank account (savings) and then you can do what you want with it (hopefully save it to use to pay it back at the end of the promotion.)

[TorontoEh]

Sure this is fine if you are using the cheques. But why not just write yourself one of those cheques for the full limit of the card and deposit it in your bank account (savings) and then you can do what you want with it (hopefully save it to use to pay it back at the end of the promotion.)

Right! makes more sense.... as someone pointed out earlier in the thread...if paid off then get interest from ING/HSBC OR PC ....

Great advice...

[flito ray]

I just received three 0% BT cheques from Citibank. I have no debts to pay off, so all the money will be for investment. I am pretty sure those RFDers who got in this deal many months ago have figured out how to make the most $$$ out of the "technically" free money.

Would anybody please share/give me some advice as to what I should do with my money ($16K) besides the well-known option: PCF 4% Interest Account? Please help guys as I know close-to-nothing about investment/financial stuff.

Thanks in advance!

depend on your level of risk. if you can handle more swings buy equities with your 16,000 but you risk losing it all. do you have 16,000 to pay in case you lose all your monies?

if you are risk adverse put the money in ING and earn 4% then you guarantee to get that and preserve your principle.

glad to be help

[windough]

You can't beat TD Canadian Bond Index eSeries 4.4% ytd, and 6.1% for the past 5 years. Not CDIC insured, but it's low risk, since it's mostly Canadian Govn't Bonds.

You're in for 90 days though, but after that it's liquid.

depend on your level of risk. if you can handle more swings buy equities with your 16,000 but you risk losing it all. do you have 16,000 to pay in case you lose all your monies?

if you are risk adverse put the money in ING and earn 4% then you guarantee to get that and preserve your principle.

glad to be help

[st7860]

the superstore (and ING) 4% bank accounts are insured. anything else that isnt a bank account isnt insured.

[flito ray]

i just request credit limit increase and more 0% cheque and they mail to me.

I just got 3000 more to add

[ktkn]

Is this deal still alive? I clicked on the link in the first post and it's no longer a 0% interest card, it's still a good rate, but still not 1.9%

oops.. I glanced and entered the wrong code from memory...

[copter]

I just got my card in the mail. I have 0% interest on all balance transfers for 1 full year.

This is almost too good to be true. The wife's application is now in the mail.

[nchopra]

Is this deal still alive? I clicked on the link in the first post and it's no longer a 0% interest card, it's still a good rate, but still not 0%

hmmm...wonder who the stupid one is? 0% = 0% maybe you should try the link again before asking such a stupid question.

[stallone]

And what about this sentence: "Your completed Application, and each Balance Transfer request, must be received by November 30, 2006, to qualify for this balance transfer offer." :confused:

Is it too late???

[ktkn]

hmmm...wonder who the stupid one is? 0% = 0% maybe you should try the link again before asking such a stupid question.

take it easy...

[flito ray]

signed up for a second card and they approve it... lol i got like 15K each limit so now i have 30K free money time to hit the casino

[stallone]

no one?

[SeerHawk]

no one?

I got mine in Mid Dec 0% Balance Transfer on 5k no problemo. I think if you read the earlier messages it mentioned that this offer is good until end of december.. I can't find any documentation with me about the end date of this promo but I know I got 0% till October 2007 for sure in a statement that I got.

[donye]

signed up for a second card and they approve it... lol i got like 15K each limit so now i have 30K free money time to hit the casino

Did you get 2 card with same name?

[wiebecj]

I've got an american credit card (a discover - signed up in store when down in Mineapolis for a free gift card) and they didn't say a thing about me being canadian

[TorontoEh]

i got mine as well, gave 5K, just what i needed. Thogh kinda odd they sent 2 sets of checks, 1 you have to fil out your address and the other set has already prewritten my info? but the latter set cheques expire JAN 22, 07...so will surely deposit them before expiry!!!!

overall, excellent deal...i might call and get limit hiked up. has anyone tried this yet?

[don242]

i got mine as well, gave 5K, just what i needed. Thogh kinda odd they sent 2 sets of checks, 1 you have to fil out your address and the other set has already prewritten my info? but the latter set cheques expire JAN 22, 07...so will surely deposit them before expiry!!!!

overall, excellent deal...i might call and get limit hiked up. has anyone tried this yet?

The cheques with the expiry date are the ones you use for the promotional rate. The other cheques, throw them out. If you use the cheques without the expiry date they will be considered a normal cash advance and you will pay the full ~18% interest.

[TorontoEh]

The cheques with the expiry date are the ones you use for the promotional rate. The other cheques, throw them out. If you use the cheques without the expiry date they will be considered a normal cash advance and you will pay the full ~18% interest.

oh cr*p..thanks for advising..didnt know that...i dont even think within the literature it mentions that? oh and i guess you dont have to activate the card to be using the cheques as someone already mentioned in posts above?

[HunkaHunkaBurningLove]

I just applied for a card, but how does this balance transfer thing work? Please bear with my since I've never used a balance transfer before and never had anything owing on a credit card.

Say they authorize my card with a limit of $30,000. Once I receive the 0% balance transfer cheques, I can just write $30,000 to myself and deposit that into my saving account for example? The $30,000 debit on the credit card goes interest free until October 07?

[don242]

I just applied for a card, but how does this balance transfer thing work? Please bear with my since I've never used a balance transfer before and never had anything owing on a credit card.

Say they authorize my card with a limit of $30,000. Once I receive the 0% balance transfer cheques, I can just write $30,000 to myself and deposit that into my saving account for example? The $30,000 debit on the credit card goes interest free until October 07?

Exactly right. Just make sure you use the cheques with the expiry date on them, not any other ones they send.

You will have to make the minimum payment though each month which is 2.1% (can't remember exact number).

[kinezo23]

Is it me or the code doesn't work any more. I tried IE and Firefow...no luck.

[file888]

Is it me or the code doesn't work any more. I tried IE and Firefow...no luck.

It doesn't work for me too.

[HunkaHunkaBurningLove]

Whoa, I just tried it again, and it's also giving me the same error. I wonder if the promo may have ended today. I applied this afternoon, and it was still working then! I guess I just slipped by under the wire. People might try calling the toll free number and mentioning the code. Maybe a CSR can still get it working.

[copter]

The cheques with the expiry date are the ones you use for the promotional rate. The other cheques, throw them out. If you use the cheques without the expiry date they will be considered a normal cash advance and you will pay the full ~18% interest.


According to the CSR I spoke to when I initiated my 1st balance transfer, all balance transfers made within the 1 year from acceptance are at 0%. Obviously I'll call back before I attempt to do a 2nd balance transfer (once the original one gets paid down a bit), but if true, it doesn't matter which checks you use.

[thedonald]

Hello Everyone,

Just in time for the Christmas shopping and BILLS! Here is a 0% code until Jan 08! So, enjoy, spend and payoff with NO interest!!

0% until JAN 08 - P6L

My little gift to the RFD community! :cheesygri

Merry Christmas and a wonderful NEW YEAR to all! :D

--TheDonald

[can2000]

Canadiantire Option Master is offering master cheques with Special Interster Rate 1.9% for the balance transfer.

Question: can we deposit the cheque to President's Choice Financial saving account which has 4% interest rate? Then end up we can earn 2.1% interest with transfer balance.

Any other fee did I miss to count?

Thanks for any comments.

[nolookingca]

Hello Everyone,

Just in time for the Christmas shopping and BILLS! Here is a 0% code until Jan 08! So, enjoy, spend and payoff with NO interest!!

0% until JAN 08 - P6L

My little gift to the RFD community! :cheesygri

Merry Christmas and a wonderful NEW YEAR to all! :D

--TheDonald

Do you just sit there and try out various combinations all day? :D

BTW, P6M and P6N also works.

[HunkaHunkaBurningLove]

Sweet! Thanks Donny!

[kinezo23]

Works! Thanks!

Merry Christmas!


Hello Everyone,

Just in time for the Christmas shopping and BILLS! Here is a 0% code until Jan 08! So, enjoy, spend and payoff with NO interest!!

0% until JAN 08 - P6L

My little gift to the RFD community! :cheesygri

Merry Christmas and a wonderful NEW YEAR to all! :D

--TheDonald

[helloemail]

It works. Thank you.

Merry Christmas!


Hello Everyone,

Just in time for the Christmas shopping and BILLS! Here is a 0% code until Jan 08! So, enjoy, spend and payoff with NO interest!!

0% until JAN 08 - P6L

My little gift to the RFD community! :cheesygri

Merry Christmas and a wonderful NEW YEAR to all! :D

--TheDonald

[don242]

According to the CSR I spoke to when I initiated my 1st balance transfer, all balance transfers made within the 1 year from acceptance are at 0%. Obviously I'll call back before I attempt to do a 2nd balance transfer (once the original one gets paid down a bit), but if true, it doesn't matter which checks you use.

Maybe true but I know when I got this card in August, they sent some BT cheques to me but they had no expiry. I called and CSR warned me that if I use those I would be charged the full 18% rate. I was only to use the cheques with the expiry date. So what is correct I don't know, so be sure to call and make sure.

[don242]

Canadiantire Option Master is offering master cheques with Special Interster Rate 1.9% for the balance transfer.

Question: can we deposit the cheque to President's Choice Financial saving account which has 4% interest rate? Then end up we can earn 2.1% interest with transfer balance.

Any other fee did I miss to count?

Thanks for any comments.

Did they send the cheques to you. I have the CT mastercard as well but I don't get my statements mailed so I never get any of those things.

Can't see why you couldn't do it. On top of that, the 1.9% interest is tax deductible as long as you are using the money from the BT to invest (ie. put in the 4% PC account).

[can2000]

Did they send the cheques to you. I have the CT mastercard as well but I don't get my statements mailed so I never get any of those things.

Can't see why you couldn't do it. On top of that, the 1.9% interest is tax deductible as long as you are using the money from the BT to invest (ie. put in the 4% PC account).

Yes, they sent me the cheques which will be expired in Jan. 31st 2007.

[ricedion]

crap! just applied on Friday afternoon with 0% expiring on Oct 07. I should have waited another day to apply for the one which expires on Jan 08:twisted:

[don242]

Yes, they sent me the cheques which will be expired in Jan. 31st 2007.

I guess I could call them and see if I could get them, but it may not be worth it as some of my automatic payments get put on that card and I would have to switch them all over to another card since I would not be able to use the card if I took advantage of the deal.

The one problem with getting statements electronically is that I miss out on these offers. Too bad they wouldn't just send out these offers separately once and awhile.

[gman]

Does BT only apply to another credit card?
Does it also apply to a LOC of a bank?
Does anyone do BT from a LOC successfully?

Thanks.

[joflynn]

crap! just applied on Friday afternoon with 0% expiring on Oct 07. I should have waited another day to apply for the one which expires on Jan 08:twisted:

Citibank usually provides a full 12 months interest-free from the date the first cash advance is actually made, so there shouldn't be any loss to you.

[don242]

Does BT only apply to another credit card?
Does it also apply to a LOC of a bank?
Does anyone do BT from a LOC successfully?

Thanks.

The best thing is to use the provided cheques and write the cheque to yourself, deposit it into your bank account and then you are free to do whatever you want with the money.

[gman]

The best thing is to use the provided cheques and write the cheque to yourself, deposit it into your bank account and then you are free to do whatever you want with the money.

Does the first package come with the BT cheque? Or, I need to ask for it.

I assume this also mean I shouldn't do the BT (from my LOC) request in the application, right?

Thanks.

[don242]

Does the first package come with the BT cheque? Or, I need to ask for it.

I assume this also mean I shouldn't do the BT (from my LOC) request in the application, right?

Thanks.

Usually you get your card and then a few weeks later the cheques follow.

You can do the BT using the application if you want. There were some instances where they wouldn't do it to a bank account because it was supposed to be used to pay off debt, but it doesn't hurt to try and if they don't then just use the cheques.

I think you can also phone after you get the card and do the transfer that way but it will depend on the CSR you get. Some will be difficult especially if you are transferring to your bank account.

It is probably a little faster to do it from the application, just easier using the cheques.

[smilodon]

Yes, YES, YES!!!! Thank you, thank you, thank you!!!

Had been looking for the new code and should have known RFD would not fail me!

You people are the best!

[siwong44]

Got my card in 2 weeks.
I called CSR.
They gave me a choice of transferring funds to a bank account or wait for the checks or pay my other CC balance.

I chose to transfer to my bank account.

Was very simple.

The person told me it will be interest free for 12 months.

[harry_ccsu]

how come when i applied it online, there is always an error occured.
i tried different 3 computers, all got the same error

[libby43]

When I did my BT over the phone, the CSR asked if I wanted to activate the card, and I said no. The BT went through fine, but on my second monthy bill, there is a paragraph asking me to activate the card so that they know I got it, etc... My reaction is, you must know I got it, since I BT-ed the entire amount!

Have others who didn't activate the card started getting these notices on their statements? If so, what happens if you just ignore them? I'd prefer not to activate it, since previous posters have said they use it as an excuse to push their insurance products.

[libby43]

how come when i applied it online, there is always an error occured.
i tried different 3 computers, all got the same error

I did have some trouble applying on my Safari browser. It kept freezing on the confirmation screen. When I went to Firefox, it went through no problem. Have you tried a different browser?

[devastating]

When I went to the .ca site my web browser did popped up a warning that I had never seen with regards to "phishing" and to not divulge personal info to this particular site! Did anyone else receive the message?

[SkyKnight]

Just applied...what do i do now? Wait for the mail acceptance/decline? Or can i call them up to find their answer? Was I supposed to put what i want to transfer on the application, or can i just wait for these cheques you guys are talking about to come in??

On a side note....when they ask: household income... does that mean both people (married)....?? Because that diamond symbol thing besides $20,000 minimum says your approval and max is based on the primary applicant. I only put my wife's on their (was made for her).... should i call back to change to OUR income rather than just HER income??

[zander]

Does anyone here know which credit bureau Citi pulls - Equifax or TransUnion?

[Ron]

On a side note....when they ask: household income... does that mean both people (married)....??

Yes, both people. Is this your first credit card application?

[SkyKnight]

No, but first that asks for household...i knew it was for both, but wasn't sure because of that stupid message about the limit and whatnot being based on the primary applicant.... there was only one applicant and i don't remember seeing anything for a co-applicant...... didn't want to be accused of lying - better to just call them up and change it, if even possible...

[st7860]

they're only going to be very concerned about the exact amount of income if thats your FIRST credit card.

[nolookingca]

When I went to the .ca site my web browser did popped up a warning that I had never seen with regards to "phishing" and to not divulge personal info to this particular site! Did anyone else receive the message?

You probably made a typo. Phishing sites sometimes use variations of the correct spelling to fool you. the correct address is citicards.ca

[kwseller]

I applied to this deal a few weeks ago when it was 0% until Oct 07. Called up Citi today to check status, and see if I could get the Dec 08 promotion. I currently have a 2.9% (seems pretty high now) promotion card with them and they said they can't honour the 0% deal because I am already on a promotional rate.

They have advised that the only way they could honour the 0% deal was if I faxed over something that was addressed to me, or sent to me offering the promotion (I may have mentioned while I was whining to the CSR that a promotional flyer was sent to me.)

Anybody have any ideas how I can get this rate? Any emails that can be sent to me that someone else has received offering this promotion? Or any promotional letters that are being sent around that I could use? Just love the idea of free money if I can get my hands on it.

[eljay]

Do you know if Citi cards has online banking feature where you can request credit limit increase?

I guess I should just sign up and find out.

[nchopra]

Dec 08? is this a typo (ie Jan 08) or did I miss something?

I applied to this deal a few weeks ago when it was 0% until Oct 07. Called up Citi today to check status, and see if I could get the Dec 08 promotion. I currently have a 2.9% (seems pretty high now) promotion card with them and they said they can't honour the 0% deal because I am already on a promotional rate.

They have advised that the only way they could honour the 0% deal was if I faxed over something that was addressed to me, or sent to me offering the promotion (I may have mentioned while I was whining to the CSR that a promotional flyer was sent to me.)

Anybody have any ideas how I can get this rate? Any emails that can be sent to me that someone else has received offering this promotion? Or any promotional letters that are being sent around that I could use? Just love the idea of free money if I can get my hands on it.

[flito ray]

Do you know if Citi cards has online banking feature where you can request credit limit increase?

I guess I should just sign up and find out.

just phone and ask. i did and they gave me 4000 more so i asked for 0% bt and they gave that to me too

[pogs]

Has anyone who has the Oct 2007 offer tried registering for the Jan 2008 offer successfully?

:cheesygri

[max88]

Does anyone here know which credit bureau Citi pulls - Equifax or TransUnion?

Not sure which Citi uses for credit scoring, but it reports credit info to both bureaus.

[can2000]

Recently I got a call from Carlson group (represents CITI) for the credit report. You have 45 days for free.

[Genia11]

I simply cancelled my existing card and reapplied a day later for the 0% transfer.

I applied to this deal a few weeks ago when it was 0% until Oct 07. Called up Citi today to check status, and see if I could get the Dec 08 promotion. I currently have a 2.9% (seems pretty high now) promotion card with them and they said they can't honour the 0% deal because I am already on a promotional rate.

They have advised that the only way they could honour the 0% deal was if I faxed over something that was addressed to me, or sent to me offering the promotion (I may have mentioned while I was whining to the CSR that a promotional flyer was sent to me.)

Anybody have any ideas how I can get this rate? Any emails that can be sent to me that someone else has received offering this promotion? Or any promotional letters that are being sent around that I could use? Just love the idea of free money if I can get my hands on it.

[leseuldaniel]

I simply cancelled my existing card and reapplied a day later for the 0% transfer.

Don't!

Did it work?

Because I was told to reapply after they made a mistake on my application processing and registered me as a student, giving me a student card. The CSR told me to cancel and reapply, which I did. However, the second application was immediately denied as being a 'duplicate'. I was later explained by a supervisor that any application within the first 6 months after a prior application will be viewed as a duplicate and be cancelled....

[sunnyd71]

just phone and ask. i did and they gave me 4000 more so i asked for 0% bt and they gave that to me too

Did you have to wait a certain amount of time before asking for an increase? With other cards you have to wait 6 months before requesting an increase.

When I get the card could I just ask for an increase right away and get a BT on the whole amount?

Side note: I signed up with no problems using IE7

[Genia11]

It did work. I even got an increased limit. Keep in mind that I was a cardholder for about 12 months when I cancelled it. Since I didn't need the card, I didn't care if they decided not to give me the 0% promotion.

Don't!

Did it work?

Because I was told to reapply after they made a mistake on my application processing and registered me as a student, giving me a student card. The CSR told me to cancel and reapply, which I did. However, the second application was immediately denied as being a 'duplicate'. I was later explained by a supervisor that any application within the first 6 months after a prior application will be viewed as a duplicate and be cancelled....

[pogs]

Has anyone who has the Oct 2007 offer tried registering for the Jan 2008 offer successfully?

:cheesygri

So has anyone been able to get another offer for the Jan 2008?

[mikey411]

i got the 0% citi fom last May.. i just aplied for it again.. will see what happens :)

[kingfencer]

no experience in this kind of thing. so i dont' have to pay back for 1 year? what if i'm too poor and don't have any money to transfer?

[Waiwai]

no experience in this kind of thing. so i dont' have to pay back for 1 year? what if i'm too poor and don't have any money to transfer?

The 0% interest only applies as long as you pay the minimum and don't use it as a credit card (just take out everything and leave it until the 0% interest rate is over). If you miss payment, it goes back up to full.

I got $4400, and I had to pay roughly $90 this month, which isn't too bad at all.

[kingfencer]

ok, so do i have to transfer the amount from my other visa to this mastercard during registration? or can i register the card and then transfer my balance from my visa over?

[scooby9]

Just in time for RRSP deadline:)

[pogs]

i got the 0% citi fom last May.. i just aplied for it again.. will see what happens :)

I wonder if it would be better to apply again or ask for a credit limit increase?

[TorontoEh]

ok, so do i have to transfer the amount from my other visa to this mastercard during registration? or can i register the card and then transfer my balance from my visa over?

Oh so its just no interest during the year but you hvae to make monthly min payment!!! the rep kinda advised me as if this is no payment no interest for 1 year.....i knew something was wrong...lol

[mikey411]

ok, so do i have to transfer the amount from my other visa to this mastercard during registration? or can i register the card and then transfer my balance from my visa over?

let say you get approve and get a $5000 limit
u will receive balance transfer cheques along with the credit card which u can write to yourself $5000 and deposit the cheque to your bank account.

you can then do anything you want with the money after it's been cleared. :cheesygri

[slgta]

Yeah, I wish we have similiar sites for Canadian Credit Card.

I'm still enjoying the 0% transfer from Citi bank and using the money for investment purpose. I also got a letter from Citi bank last week to increase my credit limit. They may have figured out that they can't make money on my card and want me to use the extra credit for purchases.

Didn't they charge any service changes doing the transfer?
Even if it is 0% interest, they will still charge admin fee for the transfer, right?
I assume they treat this as cash advance.

[mikey411]

Didn't they charge any service changes doing the transfer?
Even if it is 0% interest, they will still charge admin fee for the transfer, right?
I assume they treat this as cash advance.

no charges whatsoever! :)
as long as you make the minimum monthly payments

[BlueMax]

So - is the offer still good or what?

[mikey411]

So - is the offer still good or what?

i don't like your tone son! :cheesygri

[SirloinofBeef]

Does anyone know what the maximum credit limit is on this card? This may be worth reducing the interest payments on the mortgage for a year if the limit's large enough for the wife and I to apply. No interest on say $30K (2x$15K) would be big money saved.

[Chameo]

I'm getting a rate of 0.9%. Did they just increase it?

[HunkaHunkaBurningLove]

Use the P6M code.

EDIT: I would say jump on this deal ASAP since I wonder if they may be replacing the 0% deal with the 0.9% one considering some of the codes don't work anymore.

[wiebecj]

I just applied for this - still showed the 0% deal, so I'll wait and see. I tried to transfer $6000 in balances from 2 credit cards (damn you RFD) right off the bat

[can2000]

I understood the interest of balance transfer is 0%, but how about purchase (I guess over %18)?

For example, 5000$ credit on CC. If BT out $4900, and one day use the CC to purchase $80 stuff, how to calculate the interest?

Thanks!

[Kaz]

Any purchases on this card would be paid AFTER the balance transfer was paid off.

Do not use these cards to make purchases......

[flito ray]

just applied for a second one
this is a good deal. cant turn down free money.

[TorontoEh]

just applied for a second one
this is a good deal. cant turn down free money.

Yes but gotta be careful as to how to take advantage of this....I'm assuming most will put in PC 4% and love the interest....however, i think you have to make their monthly min payment (citi)

[slgta]

Does anyone know what the maximum credit limit is on this card? This may be worth reducing the interest payments on the mortgage for a year if the limit's large enough for the wife and I to apply. No interest on say $30K (2x$15K) would be big money saved.

I am thinking about the same thing.
Did anyone tried to use the money as a lump sum payment towards a mortgage?
That will lower the principle amount in the mortgage and therefore save some interest. Just need to make sure that I will have enough money to put back to the CC in 01/2008. Any suggestion? Maybe instead of a extra lump sum payment to the mortgage ...can we pre-paid some of the scheduled payment for 2007 ..... and then on every month, put some money aside to go back to the CC in 01/2008?

[dealtaker]

I am thinking about the same thing.
Did anyone tried to use the money as a lump sum payment towards a mortgage?
That will lower the principle amount in the mortgage and therefore save some interest. Just need to make sure that I will have enough money to put back to the CC in 01/2008. Any suggestion? Maybe instead of a extra lump sum payment to the mortgage ...can we pre-paid some of the scheduled payment for 2007 ..... and then on every month, put some money aside to go back to the CC in 01/2008?

Oh yeah this is the place where all the financial experts hang out.
:cheesygri :D :cheesygri
I think you should probably talk to a financial advisor, or at least the mortgage person at the bank.

[flito ray]

Yes but gotta be careful as to how to take advantage of this....I'm assuming most will put in PC 4% and love the interest....however, i think you have to make their monthly min payment (citi)

ya but monthly payment goes toward principal not interest. whats the problem here? why do i have to be careful??? :lol: :lol: :lol:

[TorontoEh]

ok neva mind, what i meant is that there small terms say all these catches, if you miss a pymnt, you will lose the special rate..and blah blah blah.....

[Symcor]

I am thinking about the same thing.
Did anyone tried to use the money as a lump sum payment towards a mortgage?
That will lower the principle amount in the mortgage and therefore save some interest. Just need to make sure that I will have enough money to put back to the CC in 01/2008. Any suggestion? Maybe instead of a extra lump sum payment to the mortgage ...can we pre-paid some of the scheduled payment for 2007 ..... and then on every month, put some money aside to go back to the CC in 01/2008?

I kind of experience your idea when I got my CC last year. I put it in some aggressive MF and sell them all last month. Then put them all in my pre-payment mortgage. On the other hand, I am just paying min payment to the CC each month, except the last cycle month which I need to pay back all the money.

[chenj16]

i applied this several times, and got declined, the CSR is kinda rude it's only because i already have the petrocanada card? :mad:

[chenj16]

i also asked if he could change the card type to GOLD with 0%, he says he can change to GOLD card, but i will not get 0%, still 3.9%!! i was like, what if i didn't have the petro card, or what if i cancel the it now and reapply through the web, he still says no i can't not get the offer,

then he said it's special promotion only sent to selected user, i said i applied online through special promotional code, he says doesn't matter. then he was like, you went to the US site, what an *******! i mentioned i can have multiple cards with MBNA, he says they're a different company, he was not helpful at all even i was all the way politely asking, i was just wondering..

[rf134a]

Use the P6M code.

EDIT: I would say jump on this deal ASAP since I wonder if they may be replacing the 0% deal with the 0.9% one considering some of the codes don't work anymore.

P6N works, too. :D

[KAN]

I am thinking about the same thing.
Did anyone tried to use the money as a lump sum payment towards a mortgage?
That will lower the principle amount in the mortgage and therefore save some interest. Just need to make sure that I will have enough money to put back to the CC in 01/2008. Any suggestion? Maybe instead of a extra lump sum payment to the mortgage ...can we pre-paid some of the scheduled payment for 2007 ..... and then on every month, put some money aside to go back to the CC in 01/2008?

It seems you are answering your own questions already.

Anyhow, my wife got a 15000$ limit...as for the money, you can put it anywhere you deem fit. Pay your mortgage, a debt, invest it. Money is money, who is going to tell you where to spend it ?:)

[canabiz]

I just put in an application

We'll see how things turn out

[ruvz]

anyone else getting a 404 error after the first application page?

[TheZodiac]

anyone else getting a 404 error after the first application page?

Nope, works fine for me

[paul_30]

I have an old Petro Cdn card in a drawer somewhere. Thought about finding and cancelling it long ago but never did... hope it does not affect this application.

Thinking about using this for RRSP instead of our savings. Put the savings into ING and earn just under $100 bucks for the year's interest.

Thanks for the potential deal. I will post back if the application is approved/declined.

[lanshark]

Applied for 0% card, Only got a $1400 limit.. what am I supposed to do with that? In one year I'll save about $60 in interest vs. my 6% LOC. It's barely worth the damage to my credit rating I'll get for cancelling this card after a year or so. And PC Financial keeps increasing my limit.. don't know why.

[st7860]

so you got only $1400. so then put it in a savings account for a year or pay off other debts with it.

there is no point in cancelling the card after a year since there is NO ANNUAL FEE.

[canabiz]

Applied for 0% card, Only got a $1400 limit.. what am I supposed to do with that? In one year I'll save about $60 in interest vs. my 6% LOC. It's barely worth the damage to my credit rating I'll get for cancelling this card after a year or so. And PC Financial keeps increasing my limit.. don't know why.

Did you call them to ask why you only got $1,400 ? I don't know about your income/credit history but that sounds awfully low to me man

Call them up and ask them to increase the limit or threaten to cancel the card. Ideally, I would like to have a $5K limit to start with.

[JugaJatt]

enrolled, lets see if i get the card!

[cobretti]

Joining the club as well - P6N code get's the 0% and BT's must be transferred before 15 Feb 07.

One more question and I have read the thread entirely:cheesygri

It says in the fine print that the promo expires the earlier of Jan 08(statement date) or when balances are paid in full. So I understand this means if I pay my BT's off in say 6 months the 0% promo expires and the balance of the credit received would be wasted if not entirely used?

So best to use this deal to settle retail debt which is at ~28% for most...

Thanks in advance

[gman]

Joining the club as well - P6N code get's the 0% and BT's must be transferred before 15 Feb 07.

One more question and I have read the thread entirely:cheesygri

It says in the fine print that the promo expires the earlier of Jan 08(statement date) or when balances are paid in full. So I understand this means if I pay my BT's off in say 6 months the 0% promo expires and the balance of the credit received would be wasted if not entirely used?

So best to use this deal to settle retail debt which is at ~28% for most...

Thanks in advance

You don't pay it off until Jan 08. You get the card. Do the BT. Hide the card. Pay the minimum payment every month until Jan 08.

[donye]

I got a letter from mbna 1.9% offer for 10 months.
I allready have city card.I applied 2nd city card, but rejected.
I am going to apply mbna 1.9 % offer, But, i think , they charge 1% or something to balace transfer fee?

[rp]

I got a letter from mbna 1.9% offer for 10 months.
I allready have city card.I applied 2nd city card, but rejected.
I am going to apply mbna 1.9 % offer, But, i think , they charge 1% or something to balace transfer fee?

1% fee mades the whole deal = 1.9 % + 1 % * 12/10 = 3.1 %

[gheart008]

I really don't like Citi's online portion, or how they do their statements. I have a supplementary card under my account, and they lump all transactions online under one giant list. All other credit cards I've used has all transactions split by the different card numbers.

Quite silly if you ask me to have all the transactions lumped together, when they're on different cards.

[coleworld]

I received the 0% Oct 2007 card a couple months ago...
Has anyone else with this card tried to have their 0% promo extended to the Jan 2008 to match the new offer? I wonder if they would for that...

[kingfencer]

what if you lie about your income and your job status? i don't meet the minimum annual income requirements.

[st7860]

make sure you use the same employer name on each credit application so that it matches.

[kingfencer]

what if its a different company from and visa, do i still have to make sure its the same company? and is it a common pratice to lie?

[gman]

what if its a different company from and visa, do i still have to make sure its the same company? and is it a common pratice to lie?

Common practice to lie? Boy. I must be living in a different world.

[canabiz]

Common practice to lie? Boy. I must be living in a different world.

You would be surprised to find out the truth g, pardon the pun.

They recently had an employment survey and 2 out of 5 bosses are found to be liars.

Just go to the Freebies section for example I would bet you my last dollar that 80% of the freebie there doesn't really apply to most of the RFDers (They are for business and qualified professional) here but hey they have it set up that way and who I am to argue.

Blame da game, don't blame da playaz, that's how it is.

[gman]

You would be surprised to find out the truth g, pardon the pun.

They recently had an employment survey and 2 out of 5 bosses are found to be liars.

Just go to the Freebies section for example I would bet you my last dollar that 80% of the freebie there doesn't really apply to most of the RFDers (They are for business and qualified professional) here but hey they have it set up that way and who I am to argue.

Blame da game, don't blame da playaz, that's how it is.

It is still below average. I am not sure the credit application is setup for people to lie.

[Ron]

what if you lie about your income and your job status? i don't meet the minimum annual income requirements.


They can ask for proof (documents, phone calls).

[Hooped]

They can ask for proof (documents, phone calls).

I'm with gman on this one. What is the world coming to.

Lying on a credit application is a bad idea. At best they find out, deny you credit and log an entry with the various credit check firms screwing any future applications. Worst case, it's a "criminal offense" to willfully make false statements on a credit application and you get into even bigger trouble. With all the credit card fraud these days, I'd hate to be the one who gets caught lying on a credit application :)

[st7860]

Presidents Choice Mastercard offers 4.95% interest for life on balance transfers. or 3.99% interest for life on balance transfers for new customers.

[HughG]

i got a citibank gold with 6000 credit limit on it.

so how does this exactly work.

i have 2 visas, one with 18.8 interest and i owe about 2 grand on it,

and i have cibc select whcih i owe about 5 grand.


What do you guys recommend i do ?>

im thinking transfer over the 18.8 percent right away.

So i have to make the minimum payments each month with no interest right ?

sorry didnt go through the entire thread.

[sunnyd71]

I signed up for this at the same time as my father and he got a reply from them today.

He got denied the card but we thought he had excellent credit history. No debt, 100k+ income and got denied for a CC??

We are worried about identity theft now so will be calling Equifax ASAP.
Is there any other reason he could of been denied?

[ricedion]

I applied for the 0% until Oct 07 promotion ... got the card today with 5000 credit limit. Called the CS and tried to increase the credit limit without success, that's the bad news. but the good news is that i have the 0% interest promotion until Jan 08. I guess they basically give all applicants 1 year for the promotion

[paul_30]

Hi,

What kind of turn around time is everyone experience between applying and receiving notification or the card itself? Just curious as I applied but have not heard anything yet. Thanks.

[romm2002a]

I have not gone through the entire thread as Im sure by the time I finsih reading all of it.... this deal will be over. I am currently a CITI Mastercard Card holder. Does this apply to current card holders too or to new applicants only?

[HunkaHunkaBurningLove]

i got a citibank gold with 6000 credit limit on it.

so how does this exactly work.

i have 2 visas, one with 18.8 interest and i owe about 2 grand on it,

and i have cibc select whcih i owe about 5 grand.



Call up the CSR and have both balances from your credit cards (especially all $2000 of the 18.8% interest one and $4000 from the other) balance transferred over to the Citibank gold card. Pay minimum payments on the gold card and get 0% interest on the remaining balance!

I just got my card today so I think it took a couple of weeks. Existing Citibank mastercard customers can get this card too. In fact for some reason they even gave me a higher limit than my Platinum Citibank card. Woot woot! Over $17000 to play around with interest free for a year. Gotta love it.

I even cancelled a couple other credit cards while waiting for this one. I didn't realize that it could hurt your credit rating according to some sources if you cancelled old cards even if you don't use them. They had no balances owing on them for years anyways.

I called up the CSR to request BT cheques, and they mentioned to use the interest free ones starting with 1001,1002 and not the 18.8% ones 600, 500 etc. I guess a letter is included explaining what the cheques are for.

[chalmers]

...
I just got my card today so I think it took a couple of weeks. Existing Citibank mastercard customers can get this card too. In fact for some reason they even gave me a higher limit than my Platinum Citibank card. Woot woot! Over $17000 to play around with interest free for a year. Gotta love it.
...


Either you got lucky, or I got unlucky: when I applied for this the first time 3 months ago, I got a letter saying I couldn't do it because I was an existing customer. I called them up and threatened to cancel to see if I could get the deal. No dice, so I did cancel. The CSR warned me that if I tried to reapply for it, I wouldn't get the deal, just my old account back. Oh well, I have anyway, and am awaiting the response. Let's hope I get a better result. Maybe my hunk of love wasn't burning enough for citi... :(

[Ron]

What kind of turn around time is everyone experience between applying and receiving notification or the card itself? Just curious as I applied but have not heard anything yet. Thanks.

You may want to call and ask. They might be missing information.

[HunkaHunkaBurningLove]

No one can resist the Hunkahunkaburninglove's powahs!

I haven't tried it, but there was one guy (Flito Ray) in this thread who applied for this card again, and he got approved so he has two cards with a $15K limit on each making it a whopping $30 grand total of interest free money to hit the casino with. :cheesygri

Does anyone know what the interval is between applying for cards? I wouldn't mind getting another one if it's that easy.

[harry_ccsu]

damn it. :evil:
today i just received my card, when i activited it and request the BT, the csr told me it's 0.9% not 0%.
i used the CODE p6l applied on dec 30, 2006. the code now showed 0.9%, anyone knows if i can cancel the card and reapply it with the new code?

thx in advance.

[bellehuynh]

Is it possible to apply now for this 0% interest credit card?

[Pseudo Nim]

I wonder how much it hits your FICO score to keep opening and closing cards. I closed all cards I didn't need last year, but I opened an MBNA with 0% that I invested. Now if I get this, I will have to close it in a year again. Wonder if the interest made is worth the FICO hit...

[greenapples]

I have a question. I applied for this and received a Citi Gold Mastercard. The thing is ... the interest rate is 18.5%?

Could someone help clarify?

[HughG]

I have a question. I applied for this and received a Citi Gold Mastercard. The thing is ... the interest rate is 18.5%?

Could someone help clarify?

the 0% is for balance transfers only, so if you have a high interest credit card its a good idea to transfer over to this card so for 1 year you dont pay any interest.

[FZZ]

damn it. :evil:
today i just received my card, when i activited it and request the BT, the csr told me it's 0.9% not 0%.
i used the CODE p6l applied on dec 30, 2006. the code now showed 0.9%, anyone knows if i can cancel the card and reapply it with the new code?

thx in advance.


Me too, 0.9% !
But I called CSR and told that the deal is still alive (codes P6M andP6N) and it is not fair to change the conditions after application has been submitted, during processing time. And they approved for me 0% !!!!!!!!

For those who is going to apply - print out the screen showing 0%. It will help you later when you talk with Citi CSR.

[cannon_fodder]

I have a question. I applied for this and received a Citi Gold Mastercard. The thing is ... the interest rate is 18.5%?

Could someone help clarify?

They do mention that you may NOT be approved for the Platinum M/C and you may end up getting a Gold (maybe even Silver) instead. Perhaps your Credit History or income didn't satisfy their minimum requirements.

[harry_ccsu]

Me too, 0.9% !
But I called CSR and told that the deal is still alive (codes P6M andP6N) and it is not fair to change the conditions after application has been submitted, during processing time. And they approved for me 0% !!!!!!!!

For those who is going to apply - print out the screen showing 0%. It will help you later when you talk with Citi CSR.

just called them, they asked proof to change it.
i think i am going to print the page showed 0%, and send it to them.

[Ron]

They do mention that you may NOT be approved for the Platinum M/C and you may end up getting a Gold (maybe even Silver) instead. Perhaps your Credit History or income didn't satisfy their minimum requirements.

The card we all applied for is a Gold card.
http://www.citibank.com/canada/cards/direct/img/d_top_gd_00_ja.gif

[doctorgonzo]

Thanks for this post OP! :)

Through tremendous stupidity, I've racked up a huge visa debt :( (Thanks in part to RFD deals) Resolution this year is to smarten up and quit using my credit card. I signed up for the pcfinancial 3.99% balance transfer - I'm going to end up saving a ton of money (>8% interest being saved).

[st7860]

here's the way to get into it without entering a code.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=P6N

[avatarx51]

what a ripoff they tell me its 0.9% now what the heck anyways i had no proof but i know i signed up for 0% i saw it when i did it, anyway to convince them?

i dont have a screenshot i remeber using a code P6L?

[smitty244]

I took a look at the 1st post and it looks like P6L is for 0.9% while P6N is for 0%...

[Bunny5]

Caution guys. I applied for this card to transfer my balance over from another card. I have a very good credit rating and asked for 12,000 to be transferred. They gave me 5,000 and transfered 5,000 from my RBC visa (totall balance of 12,000. This was totally useless to me as I wanted to clear out the card and pay it off in a year. Make sure you know your credit limit on the card before transferring.

[sunnyd71]

I just got off the phone with them and the first rep said 0.9% and I told them I am sure it is 0%. I then said I would like to cancel the card immediately and was sent to another rep who said they are having this problem with many people and they apologize. I now have until July 15 to do any balance transfer at 0% for 1 year from the day I do the transfer.

[canabiz]

I got a phone call from one of the rep today

She wants to confirm my address and date of birth and she asks me for the HR phone #, apparently to confirm my annual salary

She told me they would process my application and I should get something in the mail within the next 10 to 14 days

[harry_ccsu]

what a ripoff they tell me its 0.9% now what the heck anyways i had no proof but i know i signed up for 0% i saw it when i did it, anyway to convince them?

i dont have a screenshot i remeber using a code P6L?

same problem here
their system is so stupid.

[ginabobolee]

Mine is also 0.9% so I cancelled the card. (applied somewhere Dec last year)

Mind you, 0.9% is not too bad but then I don't really need the $$ and the customer service's tone is not friendly either.

[sunnyd71]

Like I said a few posts ago, I was told 0.9% and to provide proof that it was 0% so I told them I want to cancel the card. They transferred me to another rep who said this happened to many people and she will give me 0%.

If the rep does not know tell them to ask someone else because the same thing happened to a "friend" and after asking another CSR they solved the problem. Or just call back and ask someone else.

[mdonaldson]

Like I said a few posts ago, I was told 0.9% and to provide proof that it was 0% so I told them I want to cancel the card. They transferred me to another rep who said this happened to many people and she will give me 0%.

If the rep does not know tell them to ask someone else because the same thing happened to a "friend" and after asking another CSR they solved the problem. Or just call back and ask someone else.

St call
I called, they said that not all internet offers are given even if you apply for them.
2nd call
I said I would cancel... they immediately said... I'll see what I can do because you were offered the 0%.
They asked for proof. I said, all I have is the code. They asked how I got the code in the first place and I said I received a letter with the offer.
third call - same as 1st
4th - nothing they can do... cancelled the account

[sunnyd71]

that is the response I got until I got to the person who actually does the cancellation. Maybe I was just lucky or maybe the people in the cancellation department know about the problem.

[KawaiiTentacleBeast]

all the codes are giving 404s now. The deal is dead? >:(

[HunkaHunkaBurningLove]

Both the P6M and the Direct Link still work for me, but for how long it's anyone's guess!

[KawaiiTentacleBeast]

Huh, that's weird, now it's back up again. Their site must have gone down or something.

Anyway I applied, so let's see if they will honour it.

[redflag]

Can anybody confirm this? I somehow got this information from another cc company's CSR.

Say I transfer $5,000 to this citicard, and I also use it to purchase for $1,000 for this month. If I pay $1,000 for this month's bill, it goes to the transferred $5,000 (reduce it to $4,000), instead of pay off the $1,000 purchase. Therefore, I have to pay high internet rate for the $1,000 if I carry it to the next month.

Thanks.

[gman]

Can anybody confirm this? I somehow got this information from another cc company's CSR.

Say I transfer $5,000 to this citicard, and I also use it to purchase for $1,000 for this month. If I pay $1,000 for this month's bill, it goes to the transferred $5,000 (reduce it to $4,000), instead of pay off the $1,000 purchase. Therefore, I have to pay high internet rate for the $1,000 if I carry it to the next month.

Thanks.

Yes. It works that way.

That is why we said once you do the transfer, hide the card somewhere and don't touch it.

[Ron]

Payments are applied towards the lowest interest loans first.

[mdonaldson]

I just reapplied to see if I can get a second go. I copied and pasted during the application process to have "proof" for when I get my card.

[titleeboy]

me too applied. trying luck !!

titleeboy

[jebus2484]

Here's another good site with credit card info

http://www.canadian-credit-cards.ca

[dealgini]

Just a quick question as I don't feel like going through so many pages. I got the Gold M/C but I did not get any cheques with it. >:( I was under the impression that they would send me cheques that I can write to myself. Can anyone please shed some light?

Thanks in advance.

[smitty244]

Yep that's right - I got my card on Friday - but only the card, with no mention of the 0% promo - so I called them to see what I had to do, and the rep confirmed that I had qualified for the 0% rate and that I would be receiving a package with some checks in the next couple of days.

[sears_sucks]

Got the Card today, called in to confirm balance transfer procedure. Stated cheques would come in the mail up to 3 weeks later. Then i asked to verify balance transfer rate, she stated 0.9%. Told her i applied on the internet for 0%, she stated it says 0.9% back and forth a few times. Then she said she would open an investigation and i should call back after 7 days for the status (infamous call centre get the person off the phone tactic), refused stated i wanted to cancel. Went over to their save department or whatever they call themselves and cancelled the account.

I'll try another 0% offer maybe 6 months down the road or something. However, what they did was pretty deceptive, i mean 0.9% is a good rate i'm not gonna lie. But, the application stated 0%. bottom line.

[wiebecj]

Got my card today - I put 2 balance transfers on the website ($7000 in total) and they were both processed and I got the 0% rate woohoo!!! THANKS A LOT OP!! YOU SAVED ME SOME A BUNCH OF CASH!

[ninja6o4]

I just received my card too - $12k limit. I called and asked for more but they said they go by credit history only, and won't increase it until there is personal history made, 4-6 months. :(

How did you do the 0% transfer online? I don't see anywhere where I can do this. Do I have to add my bank info to it?

[gman]

I just received my card too - $12k limit. I called and asked for more but they said they go by credit history only, and won't increase it until there is personal history made, 4-6 months. :(

How did you do the 0% transfer online? I don't see anywhere where I can do this. Do I have to add my bank info to it?

How much do you want as a new account? Not many credit card company starts with $12K.

[akt921]

They declined my application because I have an existing Citi MC and won't qualify for the 0% anyway. should I close the existing one and try again later?

[dealgini]

Not sure what is going on with them. So I got the card but did not get the BT cheques. So I called them up and the CSR is telling me that it takes them about a week to update the system with the special 0% offer and she asked me to call back begining next week.

My question is, how do they set me up in there system, issue me the card but it takes them another week to put the promo 0% BT in the system again. How does that work? Has anyone else been told of something like this?

[ninja6o4]

You receive the card without any cheques. They will send you your CC pin + Master cheques in a week for security reasons - DON'T USE THESE CHEQUES. They are numbered 500 or 600's and they are normal interest rate.

Afterwards, the CSR said 2-3 weeks and the promo offer BT cheques will arrive and they will be marked with the interest rate offered.

To answer the other q, I was hoping to get $20k. I have some outstanding debt I'd like to switch to 0% while I pay it, and then use the rest for RRSPs :) If they had given it I calculated that I would have the full balance zero'd again by the time the promotion expired. Even if not, the remaining balance would be pretty minimal.

[dealgini]

You receive the card without any cheques. They will send you your CC pin + Master cheques in a week for security reasons - DON'T USE THESE CHEQUES. They are numbered 500 or 600's and they are normal interest rate.

Afterwards, the CSR said 2-3 weeks and the promo offer BT cheques will arrive and they will be marked with the interest rate offered.

To answer the other q, I was hoping to get $20k. I have some outstanding debt I'd like to switch to 0% while I pay it, and then use the rest for RRSPs :) If they had given it I calculated that I would have the full balance zero'd again by the time the promotion expired. Even if not, the remaining balance would be pretty minimal.

Thanks ninja! I guess it is normal procedure then.

[wiebecj]

they gave me $10k and no security verifications or anything - just sent me the card

[HunkaHunkaBurningLove]

So I called them up and the CSR is telling me that it takes them about a week to update the system with the special 0% offer and she asked me to call back begining next week.

I called the CSR the day I activated my card and just requested the cheques. They entered the order into the system and told me it would take about 10 days or so to receive them. There was no one week delay or update to the system.

[cobretti]

they gave me $10k and no security verifications or anything - just sent me the card

Same here (though they did try and call but I was not home) - got card yesterday. It's under lock and key now :) since this card is to reduce debt and not incur it. I'll have to call to confirm the 0% since it seems some ppl are getting 0.9%. I saved the "Card product information" PDF stating the 0% when I applied so hopefully got a leg to stand on if needed.

[sunnyd71]

Will they send the cheques automatically or do you have to request them?

Also how long until they expire? I was told by the CSR I could do the 0% BT until July so I want to get my limit raised before doing it since I am going from student to full-time work in May. So should I ask for the cheques now or wait a few months?

[don242]

Just to let everyone know as some have asked about credit score. We took advantage of the MBNA and citibank 0% offers. When I went to the bank for my HELOC they showed me that my credit "score" was A before and now it was a C (not actual scores but the banks rating system is as grades instead). This was obviously due to the suddenly large "debt" to credit ratio we had since we took all the money from the BT and invested it for the year. Not a big deal for us since we are not in the need of credit in the next year and once we pay it back everything will be fine again.

Just thought I would let everyone know, it does (as expected) affect your score so just keep it in mind if you are going to be seeking additional credit in the next year.

[st7860]

thats probably because you don't have enough credit so doing that big Balance Transfer on one card puts your ratio over the edge.

[canabiz]

Hi guys just to add to don242's comments that yes having too many credit cards do more harm than good

I just went to an RBC branch for a pre-approved mortgage and not going into personal and financial details, I was told by the banker that perhaps it's a good idea to cancel credit cards that I am not using (and I am not talking about department stores credit cards, I am talking about VISA/MC/AMEX)

He did some number crunching and the system cleary showed a better *rating* after he removed some credit cards from my balance sheet. The way he explained it to me is even though you don't have any balance on the credit cards, the potential/possibility is there for you to use them and that could affect the mortgage payment

So with respect to this, i will use this card to do some balance transfer, get rid of some debts and then cancel it. I see no other use for it since I already have a PC Financial MC for the grocery points.

and yes I did ask him if cancelling credit cards will hurt my credit report and he said no

Just some info for you guys.

[st7860]

what are the details?

[canabiz]

what are the details?

What details you want to know ?

If you read my post, you would have known that having too many credit cards is *no good*

[don242]

thats probably because you don't have enough credit so doing that big Balance Transfer on one card puts your ratio over the edge.

You are right. The amounts we used for the 0% offers are large in ratio with our current amount of availble credit. Like I said though, it doesn't matter much for us since we aren't really looking for credit at all. Once we pay the cards back at the end of the promotional period, things will return quickly to normal.

[st7860]

its the don't have too many cards even if they are no fee attitude that puts people in situations like that.

[HunkaHunkaBurningLove]

Hellfire in this thread,

http://www.redflagdeals.com/forums/showthread.php?t=392710,

has some good information regarding credit scores, HELOCs, etc.

[zander]

Hi guys just to add to don242's comments that yes having too many credit cards do more harm than good

I just went to an RBC branch for a pre-approved mortgage and not going into personal and financial details, I was told by the banker that perhaps it's a good idea to cancel credit cards that I am not using (and I am not talking about department stores credit cards, I am talking about VISA/MC/AMEX)

He did some number crunching and the system cleary showed a better *rating* after he removed some credit cards from my balance sheet. The way he explained it to me is even though you don't have any balance on the credit cards, the potential/possibility is there for you to use them and that could affect the mortgage payment

So with respect to this, i will use this card to do some balance transfer, get rid of some debts and then cancel it. I see no other use for it since I already have a PC Financial MC for the grocery points.

and yes I did ask him if cancelling credit cards will hurt my credit report and he said no

Just some info for you guys.

This RBC banker should be fired!

1. Having more cards and/or higher limits decreases one's utilisation ratio. If you have $2,000 in credit debt (charged) out of a total of $4,000 available, your utilisation is 50%. If you have $2,000 in credit debt out of a total of $20,000 available, your utilisation is 10%. Guess which one is considered the more healthy? If you guessed the second, you win a cookie. To maintain the best possible credit score, you should always try to keep your utilisation below 20%.

2. Cancelling credit cards can and does hurt you. Your credit score is determined not only by utilisation, but by the age of the "good" credit being reported on your credit report. The older the account, the longer it has been reporting, the more beneficial it is to your credit score. If you up and cancelled an old, established account, your score can drop significantly and may not recover to the same levels for a while.

These are just a couple of the factors determining your credit score. In Canada, we have two credit reporting agencies - Equifax and TransUnion. Although equally crucial to one's credit worth, each agency arrives at your score totals in a slightly different way, using slightly different criteria and hence each should be monitored and coaxed in a separate, individualised manner.

A side note pertaining to this particular thread. Cancelling cards right after you receive them, simply because you don't agree with the terms, does more harm than good. You have already taken the hit (hard inquiry) on one or both of your credit reports and hence lowered your score. If you really and truly feel that you were misled/lied to about the terms, then not only cancel the card, but ask/demand to have the inquiries removed as a condition of cancelling the card. Otherwise, let the card mature for six months to one year before cancelling it, buying a chocolate bar and paying it off in full a couple of times along the way for reporting purposes. Otherwise, just cut up the card, but don't cancel it.

Back to that RBC banker... "He did some number crunching and the system cleary showed a better *rating* after he removed some credit cards from my balance sheet". That is called "self centred damage control". The bank has no system in place which will predict what your score will be if you add or subtract variables from your portfolio. The only system the bank has in place is of throwing wool over people's eyes in an effort to minimise their own risk as a lender, without any regard for how those changes will affect their client's rating. In other words...

1. mortgage lenders want you to have perfect credit to begin with. This can be achieved mainly by holding several/many revolving credit accounts in good standing, for a number of years prior to visiting them.
2. once they approve you based on that good credit, mortgage lenders want you to become indebted to them and them only. This, in their infinite wisdom, will guarantee that by not running out and spending your money with other creditors will enable you to pay your only credit account(s) with them. Thus they ask you to please cancel your other credit cards (because surely all that utilisation buffer will hurt you [sarcasm]) and if you ever need A credit card, they will be happy to provide you with one with a limit which their "system" will calculate as appropriate.

As I said, that RBC banker should be fired for blatant lies. But then, you'd have to fire the whole bank, lol. The key is to learn about the ins and outs of credit reporting for yourself, keep that information close at hand, use it to your benefit and when someone blatantly tries to mislead you the way this RBC banker has, just smile and say thank you and keep doing what you know will benefit you. The information is freely available for everyone. The sad fact is that only a minuscule percentage of past, current and prospective credit holders use it.

It's yours, use it! ;)

[wiebecj]

This RBC banker should be fired!

1. Having more cards and/or higher limits decreases one's utilisation ratio. If you have $2,000 in credit debt (charged) out of a total of $4,000 available, your utilisation is 50%. If you have $2,000 in credit debt out of a total of $20,000 available, your utilisation is 10%. Guess which one is considered the more healthy? If you guessed the second, you win a cookie. To maintain the best possible credit score, you should always try to keep your utilisation below 20%.

2. Cancelling credit cards can and does hurt you. Your credit score is determined not only by utilisation, but by the age of the "good" credit being reported on your credit report. The older the account, the longer it has been reporting, the more beneficial it is to your credit score. If you up and cancelled an old, established account, your score can drop significantly and may not recover to the same levels for a while.

These are just a couple of the factors determining your credit score. In Canada, we have two credit reporting agencies - Equifax and TransUnion. Although equally crucial to one's credit worth, each agency arrives at your score totals in a slightly different way, using slightly different criteria and hence each should be monitored and coaxed in a separate, individualised manner.

A side note pertaining to this particular thread. Cancelling cards right after you receive them, simply because you don't agree with the terms, does more harm than good. You have already taken the hit (hard inquiry) on one or both of your credit reports and hence lowered your score. If you really and truly feel that you were misled/lied to about the terms, then not only cancel the card, but ask/demand to have the inquiries removed as a condition of cancelling the card. Otherwise, let the card mature for six months to one year before cancelling it, buying a chocolate bar and paying it off in full a couple of times along the way for reporting purposes. Otherwise, just cut up the card, but don't cancel it.

Back to that RBC banker... "He did some number crunching and the system cleary showed a better *rating* after he removed some credit cards from my balance sheet". That is called "self centred damage control". The bank has no system in place which will predict what your score will be if you add or subtract variables from your portfolio. The only system the bank has in place is of throwing wool over people's eyes in an effort to minimise their own risk as a lender, without any regard for how those changes will affect their client's rating. In other words...

1. mortgage lenders want you to have perfect credit to begin with. This can be achieved mainly by holding several/many revolving credit accounts in good standing, for a number of years prior to visiting them.
2. once they approve you based on that good credit, mortgage lenders want you to become indebted to them and them only. This, in their infinite wisdom, will guarantee that by not running out and spending your money with other creditors will enable you to pay your only credit account(s) with them. Thus they ask you to please cancel your other credit cards (because surely all that utilisation buffer will hurt you [sarcasm]) and if you ever need A credit card, they will be happy to provide you with one with a limit which their "system" will calculate as appropriate.

As I said, that RBC banker should be fired for blatant lies. But then, you'd have to fire the whole bank, lol. The key is to learn about the ins and outs of credit reporting for yourself, keep that information close at hand, use it to your benefit and when someone blatantly tries to mislead you the way this RBC banker has, just smile and say thank you and keep doing what you know will benefit you. The information is freely available for everyone. The sad fact is that only a minuscule percentage of past, current and prospective credit holders use it.

It's yours, use it! ;)

When we purchased our house, our banker said it would be a good idea to *lower* our credit limits on our cards in half (since we were not carrying a balance on either of them, and the total limits were close to 20k). We did this and they approved the morgage for us. Does this make sense then? Or was he BSing us too?

[Ron]

The information is freely available for everyone. The sad fact is that only a minuscule percentage of past, current and prospective credit holders use it.

I find this to be the case for a very large quantity of useful information.

[zander]

When we purchased our house, our banker said it would be a good idea to *lower* our credit limits on our cards in half (since we were not carrying a balance on either of them, and the total limits were close to 20k). We did this and they approved the morgage for us. Does this make sense then? Or was he BSing us too?
He said "it would be a good idea" means he suggested it (for reasons I outlined in my post) and in no way would that have been a condition for you getting approved. If they so much as dared suggest that as a condition, I would request that in writing (saying you need it for you consideration, deliberation - 24 hours - and approval) and would then either approach the branch or even corporate management or take my business elsewhere. The fact is though that they would never have given you this in writing. Next time, call their bluff. They need YOUR business. If they are hinting at your approval, but are suggesting a couple of these minor clawbacks that you should undertake, that means you are approved period. Use it, or tell them you will be happy to take your business elsewhere.

I know I may come off a bit categorical, but after you've learned their ways and your rights, it becomes easy to see past their wrongs. The amount of these wrongs they perpetrate on unsuspecting clients is stupendous and I simply have no tolerance for it whatsoever. You're paying them your hard earned money, they have no business of taking advantage of you.

[pete]

how long is it taking to get the card? I just applied yesterday and was just wondering... thanks for the great deal!!

[shadowfighta]

Mine took like a week and a half approx.

[canabiz]

I got my card today

took about week and a half as well

Will be waiting for the cheques to come before I do anything

Most likely I will be cleaning up my student loan with this and anything else will be for RRSPs perhaps

[st7860]

you DONT NEED TO WAIT until the checks come.

just call citibank and ask them to do a transfer to your bank account, and then from there you can use the money to pay whatever other accounts you want to pay.

[cruzer24]

Thanks zander for all your useful information. I'm a young guy with no debt at all, but a few CC's that I was thinking of cancelling because they are no longer in use. I was stupid and signed up for a couple CC that I don't even use.

I'm looking to get a mortgage sometime soon so your info is very valuable, thanks again!

[titleeboy]

hi

Recived cheques today but these are 0.9%. Expire in Feb 2007. Not sure whether i will be using but the rate is great. When applied the screen said 0%. Don't know what to do. any suggestions
titleeboy

[Ron]

st7860, you may want to update your post to let people know that CITI is NOT honoring the 0% offer without a copy of the mailing they sent eligible customers.

[st7860]

i got the 0% offer and it worked for me and many others, and i NEVER applied for this 0% for myself until a few weeks ago. and I didnt get anything in the mail. i'll post a bill copy soon

[eternitybc]

RON- and st7860 - and anyoen else who gets the 0.9% offer.

https://www.citibank.com/canada/cards/direct/pdf/p1a07_gd_00_ja.pdf

There is the pdf stating that you get 0% balance trabsfers until January 2008. You should be able to print htis off and send or email it to them, say thi si what i signed up for! Since it is still being offered, I'm surprised they aren't honoring it.

You could also take a screen shot of the appliaction page:

https://www.citibank.com/canada/cards/direct/apply.cgi?access_code=P6N

Yes, access code P6N... but the PDF with contract terms states 0% clearly! Fight for it.

[wiebecj]

I also got the 0% very recently with no hastle at all.

[st7860]

I didn't need a dear john letter oops i mean dear ron letter.


http://img73.imageshack.us/img73/2965/img0159cb.jpg (http://imageshack.us)

[puroi]

I applied with the code, I got the card with no problems, Citi MC gold, but 18% all over.
I have used the code. I called the CSR and they told me that there is no offer on file for my account.
I am still thinking about canceling it. It is over $6000 limit, but I do not need another 18% card. I do have the 3.9% PC MC though.....
I will call them again and ask them if I can get the 0%, if not, I am about to cancel this. Too many cards around.

[brunes]

This RBC banker should be fired!

1. Having more cards and/or higher limits decreases one's utilisation ratio. If you have $2,000 in credit debt (charged) out of a total of $4,000 available, your utilisation is 50%. If you have $2,000 in credit debt out of a total of $20,000 available, your utilisation is 10%. Guess which one is considered the more healthy? If you guessed the second, you win a cookie. To maintain the best possible credit score, you should always try to keep your utilisation below 20%.

2. Cancelling credit cards can and does hurt you. Your credit score is determined not only by utilisation, but by the age of the "good" credit being reported on your credit report. The older the account, the longer it has been reporting, the more beneficial it is to your credit score. If you up and cancelled an old, established account, your score can drop significantly and may not recover to the same levels for a while.

These are just a couple of the factors determining your credit score. In Canada, we have two credit reporting agencies - Equifax and TransUnion. Although equally crucial to one's credit worth, each agency arrives at your score totals in a slightly different way, using slightly different criteria and hence each should be monitored and coaxed in a separate, individualised manner.

A side note pertaining to this particular thread. Cancelling cards right after you receive them, simply because you don't agree with the terms, does more harm than good. You have already taken the hit (hard inquiry) on one or both of your credit reports and hence lowered your score. If you really and truly feel that you were misled/lied to about the terms, then not only cancel the card, but ask/demand to have the inquiries removed as a condition of cancelling the card. Otherwise, let the card mature for six months to one year before cancelling it, buying a chocolate bar and paying it off in full a couple of times along the way for reporting purposes. Otherwise, just cut up the card, but don't cancel it.

Back to that RBC banker... "He did some number crunching and the system cleary showed a better *rating* after he removed some credit cards from my balance sheet". That is called "self centred damage control". The bank has no system in place which will predict what your score will be if you add or subtract variables from your portfolio. The only system the bank has in place is of throwing wool over people's eyes in an effort to minimise their own risk as a lender, without any regard for how those changes will affect their client's rating. In other words...

1. mortgage lenders want you to have perfect credit to begin with. This can be achieved mainly by holding several/many revolving credit accounts in good standing, for a number of years prior to visiting them.
2. once they approve you based on that good credit, mortgage lenders want you to become indebted to them and them only. This, in their infinite wisdom, will guarantee that by not running out and spending your money with other creditors will enable you to pay your only credit account(s) with them. Thus they ask you to please cancel your other credit cards (because surely all that utilisation buffer will hurt you [sarcasm]) and if you ever need A credit card, they will be happy to provide you with one with a limit which their "system" will calculate as appropriate.

As I said, that RBC banker should be fired for blatant lies. But then, you'd have to fire the whole bank, lol. The key is to learn about the ins and outs of credit reporting for yourself, keep that information close at hand, use it to your benefit and when someone blatantly tries to mislead you the way this RBC banker has, just smile and say thank you and keep doing what you know will benefit you. The information is freely available for everyone. The sad fact is that only a minuscule percentage of past, current and prospective credit holders use it.

It's yours, use it! ;)

I am sorry, you're facts are right, but the advice you are giving here is just plain wrong.

Yes, credit cards affect the utilization ratio. HOWEVER - your utilization ratio IS one of the factors banks use to compute allowable loans and the interest rates they give on those loans.

Me and my fiancee both have a perfect credit history of 10+ years each, and have been denied loans in the past due to being "over extended" since we had too many unused credit cards lying around. Cancel the cards, try again in 6 months, boom, loan approved. This is with our CURRENT BANK so they have no incentive to lie to us RE what we are eligible for - they should be trying to get as much money out of us as economically feasible.

Too much credit does hurt your score, even if it is unused.

[puroi]

Too much credit does hurt your score, even if it is unused.


Thats what I heard too. I am canceling the damn thing. I am calling them right now .

[st7860]

too much credit will not hurt your score if you don't owe too much on the credit lines.

some ignorant bankers however will calculate the minimum payment for ALL of your credit lines anyway, even if you don't owe a dime.

if YOU were a banker, which person would you approve for a $150,000 mortgage?(assume $50,000 cash downpayment, conventional 25% down, so a $200,000 condo), and $70,000 per year annual income, assume no debt.

a) the guy with only 2 credit cards and a total of only $10,000 in credit. this customer probably thinks he's being smart because 'he doesnt need the credit' he shouldnt get a high limit

b) the guy wth 5 credit cards and a total of $30,000 in credit.



I would pick B, because B has shown that he is worthy of a high credit line but didnt abuse it.

[puroi]

I would pick B, because B has shown that he is worthy of a high credit line but didnt abuse it.

banks and "we trust you, our client" do not go together well on this planet.

[puroi]

I called Citibank and I asked about my card, about the fact that I applied with the 0% code offer and I was told that there is no 0% offer, but only the 18% normal card.
The CSR told me that she sees that I have the 0% and it is good until Jan 2007. She also told me that the new account are not updated that fast, you have to wait a few days. Mine is about 1 week and a bit old.
Welcome 0% !!!

[Ron]

RON- and st7860 - and anyoen else who gets the 0.9% offer.

https://www.citibank.com/canada/cards/direct/pdf/p1a07_gd_00_ja.pdf

There is the pdf stating that you get 0% balance trabsfers until January 2008. You should be able to print htis off and send or email it to them, say thi si what i signed up for! Since it is still being offered, I'm surprised they aren't honoring it.

They are only honoring the offer for those who produce proof that they were personally invited to participate. This appears to be a recent change.

[kuri]

There are many factors that determine your credit score. Like others said, having too much credit (even unused) can hurt your score.

Check the Financial Consumer Agency of Canada's website for example:
http://www.fcac.gc.ca/eng/publications/CreditReportScore/ExTransUnionScore_e.asp

The FCAC says TransUnion listed 'too much credit' as one of the top factors that make your score lower:

1. There are too many consumer finance company accounts on your credit report. Having too much available credit can sometimes harm your credit score. Lenders may feel that you have the ability to spend more than you could potentially pay back. You might want to consider closing a few accounts or asking to have your credit limits reduced. Avoid closing too many accounts - especially the oldest accounts on your credit profile - because it could harm your credit score.

The question remains how much credit is too much credit for an individual... 20% of one's taxable income? 30%?

[st7860]

i was not invited to join anything and i still got it this week.

and as for the Transunion thing, that says FINANCE Company accounts. a credit card is NOT a finance company.

[dubstarr]

time of application online to receipt of card, and transfer complete:

8 business days


HUGE thumbsup to this deal for saving me TONS of cash for the next year....new baby on the way, and this will help out TREMENDOUSLY

[puroi]

They are only honoring the offer for those who produce proof that they were personally invited to participate. This appears to be a recent change.

got it without being invited.

[Ron]

I applied with the code, I got the card with no problems, Citi MC gold, but 18% all over.

got it without being invited.

So which is it?

[puroi]

So which is it?

i applied online, with the code for 0%.
Few days later, card is on my desk. I call to make a transfer, 18% on all, no offer on my account.
Weekend goes by, I call today to cancel; without saying anything, they asked me if I am calling to make a transfer. I am being told that my rate for transfers is 0%.
So I am keeping the card of course. Almost $7000.

[ffx]

Citi called me to confirm the BT before the card arrived last week. I asked them twice, They said it's 0%. But there is no written document to prove it. So is it on the monthly statement? Should I activate the card to receive the monthly statement?

[Bond 007]

Got mine 1 month ago. I was refused because I have another citi CC, call CSR and he gave me one.

FYI, I also got BT cheque (max 5000$, 0% for 6 months OR 12 equal payment) from my National Bank CC (more Quebec/Ontario, look at bnc.ca). I never asked for those. sweet deal!!!

[kuri]

and as for the Transunion thing, that says FINANCE Company accounts. a credit card is NOT a finance company.
Darn it, I knew I should've read more closely. :|

But I have heard that too much credit = not good from various people though. Now I wonder if they meant finance accounts.

[st7860]

some ignorant banks will calculate 3% of your entire CREDIT LIMIT as part of your monthly expenses when they calculate "how much mortgage" can you afford". so, that is how in some cases having a high limit will cause a small problem.

other than that, there's nothing wrong with having plenty of credit cards as long as you don't carry too much debt on them. its not 'smart' having only a single "$5,000" card because you don't spend that much money.

[chlorine]

on the phone with them now... seems like I'm getting the 0% for 12 months... so I asked them to put the full amount to my TD account.

thanks everyone for all the info. this will help me out a bit.

have to make sure I put the card away.

[don242]

other than that, there's nothing wrong with having plenty of credit cards as long as you don't carry too much debt on them. its not 'smart' having only a single "$5,000" card because you don't spend that much money.

You are right, however carrying a number of new cards can hurt because it brings your average down with regards to history. Your card history is taken as an average so if you have 2 cards that are each 5 years old, your average history is 5 years. Add a couple of new cards and your history is now averaged at 1.5 years.

[Xiggy]

thanks everyone for all the info. this will help me out a bit.

have to make sure I put the card away.
Just cut it up instead.

[st7860]

You are right, however carrying a number of new cards can hurt because it brings your average down with regards to history. Your card history is taken as an average so if you have 2 cards that are each 5 years old, your average history is 5 years. Add a couple of new cards and your history is now averaged at 1.5 years.


oh yes, i remember that part now, the age of credit accounts factor. but then isnt the ratio of debt to the limit more important?

take for example someone that has $5000 of credit. and for whatever reason he consistently spends $4000 per month on the card and pays it off every month. depending on when he pays it off and when the specific company reports to equifax, it can temporarily muck up his credit every month because he could be flagged as having a high balance to limit ratio. having $10,000 to $20,000 in credit will help in situations like this because the balance will never be high enough to make his score go down.

[don242]

oh yes, i remember that part now, the age of credit accounts factor. but then isnt the ratio of debt to the limit more important?

take for example someone that has $5000 of credit. and for whatever reason he consistently spends $4000 per month on the card and pays it off every month. depending on when he pays it off and when the specific company reports to equifax, it can temporarily muck up his credit every month because he could be flagged as having a high balance to limit ratio. having $10,000 to $20,000 in credit will help in situations like this because the balance will never be high enough to make his score go down.

You are correct that is more important. Everyone doing these 0% promo offers will be better off if they have lots of unused credit (as far as score is concerned) since they will be maxing out these cards.

My score has dropped considerably since doing this and the MBNA card because of the debt utilization ratio has increased significantly (and a smaller part due to the addition of two brand new cards). In my case I am not concerned as I am not credit seeking anytime soon and will pay these off at the end of the promotional period.

However, when I am done, I will cancel either the citi or the MBNA card so they are not affecting my average as far as history is concerned since they are new cards. But as you said, I will probably keep one to have a large amount of credit compared to the normal debt I carry.

[dealgini]

Kay, so I got my cheques in the mail today and it states that I will have this offer for 0.0% till March 2.

So what is the best and the safest place to put this money and earn some nice insterest? I checked ING and they are offering 3.5%. Any other ideas?

[st7860]

if you like branchless banks, PC financial is good, 4% annual interest, savings account.

[don242]

Kay, so I got my cheques in the mail today and it states that I will have this offer for 0.0% till March 2.

So what is the best and the safest place to put this money and earn some nice insterest? I checked ING and they are offering 3.5%. Any other ideas?

I put mine in the short term GICs at ING. Safe and slightly higher interest than the savings accounts.

[titleeboy]

Hi

Recived Card Today with 10K limit.

Want to put this payment towards closing of my home in april.

have preapproval from the bank regarding interest rate.

have couple of credit cards, but own no debt on the cards.

have very good credit score.

will this affect my credit scoring ??

will the bank be looking again at my credit score again before giving out money for home ??

should i go with using this money as downpayment or shoud avoid. Please post your views and experiences.

thanks in advance

titleeboy

[pete]

hmmm... 2 weeks and nothing yet...

[Dealll]

I am afraid it will, and more: generally you are not supposed to borrow money towards downpayment unless it's special kind of "zero down" mortgage (that one requires higher credit crore and bears higher interest).
I would suggest borrowing somewhere else (friends?) and go for 0% credit AFTER closing your deal. Bank may check your credit file just before closing, or may not, but you don't want to risk that.

Hi

will this affect my credit scoring ??

will the bank be looking again at my credit score again before giving out money for home ??


titleeboy

[QweQaz]

Its been 4 weeks and no reply. Should I give them a call and inquire the status of my application?

[welian]

Its been 4 weeks and no reply. Should I give them a call and inquire the status of my application?

It took me about 6 weeks last time so dont worry. I did call them and they say the process varied from 2 to 6 weeks.

[k288]

Oh man this is a HOTTTTTTTT Deal!! How come I didn't see this til now!??!?!?! I just applied online, hopefully will get approved (soon). Need big time credit limit for BT :D

[QweQaz]

LOL it turns out that my application was deleted because it was considered a duplicate. I remember having troubles with their website when I first applied. Well the rep said I could try again online; damnit I should have called earlier.......

[iwantdeals]

i'm jealous
citibank has been nothin but a headache for me
i applied twice and both times i got cards other than 0.0%
first time i got 1.9%, was told to try reapply for the 0.0
so i did, and i just got it in the mail, only its 0.9%
they say they looked it up and my application was for 0.9%...
oh well.

[gyozaman]

I applied Dec 26 and finally got everything sorted out last week (end of Feb). It took 2 months to get the actual card and then 2 weeks to get them to switch from 0.9% to 0%. I kept a copy of my application showing 0% offer. They give you a fax # to send the info to but after 3 times faxing it to them, they still said they didn't receive the fax. Then a CSR gave me the fax # directly to the supervisor's dept. After that, everything was changed in a few days. I don't have it in writing but they verbally said it is now 0%. I'll guess I'll know when I get next month's statement as I already did the balance transfer. They approved 0% til March 2008.

[iwantdeals]

unfortunately i didnt take a screen shot of my online application...
the supervisor/manager or whatever said he looked up my application and that it said 0.9%, however he was unwilling to fax me a copy of it.:mad:

[jmc0]

Has this deal expired for new applications?

Your completed Application, and each Balance Transfer request, must be received by February 15, 2007, to qualify
for this balance transfer offer.

[Dealll]

I have just got an MBNA mastercard with 0%. There is one catch though - 1% upfront fee. Well, I guess that's acceptable.

[k288]

I have just got an MBNA mastercard with 0%. There is one catch though - 1% upfront fee. Well, I guess that's acceptable.

I am still waiting for mine, hopefully it will approve and come thru the mail. What does that mean 1% upfront fee? What is the limit? I am hoping mine is 10k upwards.

[pete]

I got mine after about 4 weeks. It was my fault at the beginning since I accidentally put my cell number rather than my home phone number.. the thing they try to trick you on is that they send you 1 set of cheques that have the actual interest rate, and only about 10 days later will they send you the 0% cheques.. be careful with that!

[k288]

I got mine after about 4 weeks. It was my fault at the beginning since I accidentally put my cell number rather than my home phone number.. the thing they try to trick you on is that they send you 1 set of cheques that have the actual interest rate, and only about 10 days later will they send you the 0% cheques.. be careful with that!

Oh damn I hope I did put in my home phone number then, how / when did you find out about your cell # wasn't acceptable?

[gujju73]

I got mine in 4 weeks. Even they transfer the balance to my checking a/c as well.

[Dvothecc]

I have just got an MBNA mastercard with 0%. There is one catch though - 1% upfront fee. Well, I guess that's acceptable.

Is that deal still available? If so where can I apply?

[slgta]

I have just closed the account. They only offer me 0.9% even though I have applied for 0%.

The CSR explained that ..... even when I have applied for 0%, they could only approve my application for another offer (0.9% in this case).... what a joke.

Good Luck guys/gals. I hope you will have better luck then me.

[jmc0]

I have just closed the account. They only offer me 0.9% even though I have applied for 0%.

The CSR explained that ..... even when I have applied for 0%, they could only approve my application for another offer (0.9% in this case).... what a joke.

Good Luck guys/gals. I hope you will have better luck then me.
I am guessing the 0% CITI is no longer availiable!?...
Does citibank have 0.9% now, how do i apply for that?
Failing that, MBNA has 0% (with 1% transfer fee), is there any special online code to apply for that one? or is it a phone-in only thing?

[canabiz]

I got the card after 4 weeks, 0% with limit of $6K, immediately put some money down for RRSP and clear up some other debts

I am now paying that $6K because i would like to get in a good financial position for a mortgage.

As for the card itself, it is collecting dust in my binder! I have just cancelled a PC Financial Mastercard so basically I only have 2 now, 1 low-limit VISA for daily expenses and 1 high-end AMEX for the big ticket purchases

Cheers.

[mkwong]

I got my card today, activated it and called, but they had no information about the promotional BT rate. They said the card was new, so the promtional rate wasnt in the computer systems. They said to wait a couple days and call back. Has anyone heard this new BS? How much are you folks paying for the transfer rate? TIA

[sunnyd71]

I got my card today, activated it and called, but they had no information about the promotional BT rate. They said the card was new, so the promtional rate wasnt in the computer systems. They said to wait a couple days and call back. Has anyone heard this new BS? How much are you folks paying for the transfer rate? TIA

Same thing happened to me. Everything turned out to be ok.

[cyberderf]

Anyone here having applied and succesfully received a second Citi 0% card ?

-

[weesur]

Anyone here having applied and succesfully received a second Citi 0% card ?

-
I tried and got rejected saying that I already have a citi mastercard>:(

[ItemFinder]

Same

[pete]

Oh damn I hope I did put in my home phone number then, how / when did you find out about your cell # wasn't acceptable?

They said I couldn't use my cell because it wasn't traceable to my house. They sent me a letter about 2-3 weeks after my application stating that they needed more information from me... they said to send it via snail mail, but I called them to see if I could fax it. When I called they asked for my house phone saying that that was the reason why they asked for all that other info. Once I told the guy over the phone he was like, okay no problem we'll send out the info and I got it within 2 weeks after..

[thnh_jade]

Received 2nd Citicard, no problem!

[sergiepopov]

Got my CITI in Oct.06 - transferred a large sum, enjoying 0% until Oct.
Awesome!

[cyberderf]

Received 2nd Citicard, no problem!


At least there is a lucky one! But.. How did you do ?
Same address and same name, no problem?

--

[cyberderf]

Apart MBNA and Citi, what are the others 0% or 1% cards available to Canadians ?

[st7860]

change your address slightly and it will work(such as change apartment to unit"

[sqamar]

I just tried to get the 0% deal until Jan 2008 and decided to call in after I read the Terms of Agreement. It stated that balance transfers had to be made by Feb 15/07. CSR told me deal is now over and no 0% exists and any balance transfer made after that date would incur regular crate sof interest.

Any other 0% rate cards out there ?

Thanks !

[k288]

I just tried to get the 0% deal until Jan 2008 and decided to call in after I read the Terms of Agreement. It stated that balance transfers had to be made by Feb 15/07. CSR told me deal is now over and no 0% exists and any balance transfer made after that date would incur regular crate sof interest.

Any other 0% rate cards out there ?

Thanks !

That's strange, 'cause I got a letter from citibank last Friday and asked me to call them, I called them up and CSR just wanted to verify info on the appliaction form that I submitted, maybe 3-4 weeks ago. After that she said I should get my card in the mail in 7-10 business days (I keep my fingers crossed). I also asked her on the phone so since it will be almost Mid-March, early April, then I will only have til Jan 08 to transfer balance, is not that much time. CSR said that I get a year from the day that my card started, so that it will end Mid March, or April 08....

Like I said I have not received the card yet, but CSR did confirm the 0% balance transfer is good for one year...

[martianmarvin]

I just tried to get the 0% deal until Jan 2008 and decided to call in after I read the Terms of Agreement. It stated that balance transfers had to be made by Feb 15/07. CSR told me deal is now over and no 0% exists and any balance transfer made after that date would incur regular crate sof interest.

Any other 0% rate cards out there ?

Thanks !
I think MBNA still has a 0% card, but there is a 1% transfer fee.

[wella]

I just filled out my info on CITI website for the 0% BT promotion. I'll keep everyone updated as soon as I hear back from them.....

[dealgini]

I think MBNA still has a 0% card, but there is a 1% transfer fee.

Not a big fan of MBNA. I called them to ask if the 1% transfer fee is one or monthly and kept getting the run around. As soon as I corner them to give me the answer they would tell me call so and so depart and that we only have general info. No straight answer... I would be careful if I were you.

[martianmarvin]

Not a big fan of MBNA. I called them to ask if the 1% transfer fee is one or monthly and kept getting the run around. As soon as I corner them to give me the answer they would tell me call so and so depart and that we only have general info. No straight answer... I would be careful if I were you.
Transfer fee is 1% of the BT which will appear on your next statement, that is what I've been told. The 1% fee has to be paid on your next statement.

[lazarus]

Thanks!

[Trym]

Is this Citibank offer still available? access codes from OP seem expired.
I think I'm late :|

[gaore]

I'm late too, is there any similar offer with CITI? Thanks.

[Dvothecc]

is there any similar offer with CITI? Thanks.

I am wondering the same thing.

Where are people signing up for those MBNA 0% cards? All I have seen from MBNA is 1.9% and 3.9%.

[theresa4444]

Looks like citibank gold mastercard has 0.9% balance transfers until December 2007 -code A7L-expires April 30 2007

[magicray]

Looks like citibank gold mastercard has 0.9% balance transfers until December 2007 -code A7L-expires April 30 2007

How would you use that CODe when making transfers? Do you have to call in and mention code?

thanks

[sahun]

Looks like citibank gold mastercard has 0.9% balance transfers until December 2007 -code A7L-expires April 30 2007

Thanx for the info. Anyone know what the limits on the Citibank Gold card is?

[success_one]

I was able to use the AL7 code in the previous post to apply for a 0.9% APR until March 2008. The web page accepted my chequing account number as a balance transfer option, using the transit and account number together with no hyphen.

[k288]

Finally received my Citi card yesterday in the mail, but it does not mention what the interest rate is anywhere, not BT rate, not regular rate?? :confused: . Will call them tonite to find out and/ or activate.

[doylie]

How would you use that CODe when making transfers? Do you have to call in and mention code?

thanks

You have to use the code to apply online and make the balance transfer with the application.

BTW you can transfer any amount not just what you owe on the card. I transferred 10k to a card that had a 0 balance :)

Doylie

[k288]

You have to use the code to apply online and make the balance transfer with the application.

BTW you can transfer any amount not just what you owe on the card. I transferred 10k to a card that had a 0 balance :)

Doylie

Sorry can you elaborate on make the balance transfer "with the application"?

Finally received my Citi card yesterday in the mail, but it does not mention what the interest rate is anywhere, not BT rate, not regular rate?? :confused: . Will call them tonite to find out and/ or activate.

Thanks.

[magicray]

Yeah I guess the question is - what if you already have a CITI Gold Card - can you still use the transfer Code mentioned?

[doylie]

Sorry can you elaborate on make the balance transfer "with the application"?



Thanks.

When you apply for the Card online it asks you if you want to transfer any balances. You fill in your transfer requests online during the card application process.

Yeah I guess the question is - what if you already have a CITI Gold Card - can you still use the transfer Code mentioned?

No I am pretty sure it is for new applicants only.

Doylie

[doylie]

Finally received my Citi card yesterday in the mail, but it does not mention what the interest rate is anywhere, not BT rate, not regular rate?? :confused: . Will call them tonite to find out and/ or activate.

Mine was the same.. I received a statement a week or so later with all the details and confirming the 0% interest rate for 1 year.

[TorontoEh]

for 0% Interest till March 2008, try using code : A7Y thought the application is in french.

Hope this helps :)

[dealgini]

for 0% Interest till March 2008, try using code : A7Y thought the application is in french.

Hope this helps :)

Cool thanks. What I can't figure out is what is the catch? What do they gain out of it?

[ricedion]

for 0% Interest till March 2008, try using code : A7Y thought the application is in french.

Hope this helps :)

no code for English application?

[k288]

Mine was the same.. I received a statement a week or so later with all the details and confirming the 0% interest rate for 1 year.

I see, I still have not activated the card... and no stmt yet, but why is there a stmt one week after, had you already used it? Should I wait til I get that stmt before calling to activate? And if you did call to activate first can the CSC confirm the rate with you or can you do BT on the phone? Thanks. Btw, Sorry for so many questions, hehe :D

[eternitybc]

Just applied,a nd recieved 3500 limit. Very disappointed, as I wanted 10k. Anyone gottent hem to raise the limit after card was recieved? Oh well, guess 3500 is better than nothing. guess I have too many credit cards :)

[ricedion]

Just applied,a nd recieved 3500 limit. Very disappointed, as I wanted 10k. Anyone gottent hem to raise the limit after card was recieved? Oh well, guess 3500 is better than nothing. guess I have too many credit cards :)

I got only 5000. I tried to call and ask for credit limit increase, the CSR told me "good try" :) she said I have to use the card for a couple of months before I can request that. (forgot how many months she mentioned though)

[tkyoshi]

I got only 5000. I tried to call and ask for credit limit increase, the CSR told me "good try" :) she said I have to use the card for a couple of months before I can request that. (forgot how many months she mentioned though)

6 Months is the minimum. Then you can submit a CLI Request, takes 2-5 business days.

I hate how they don't tell you on the spot, they're the only company I deal with which you have to wait for a CLI.

[smihaila]

for 0% Interest till March 2008, try using code : A7Y thought the application is in french.

Hope this helps :)

Good job! I've just applied (would be the 2nd gold card). Thank you!

[sunnyd71]

I'm a student and they told me that I can ask for a limit increase in April when I start working full-time since income will jump from 15k/year to 50k/year. It is less than 6 months so I'll have to see if they actually do it.

[sinoguy]

no code for English application?

try with coupon code a7e, it will pop up with english version.

hope it helps

[k288]

try with coupon code a7e, it will pop up with english version.

hope it helps

Yay, just activated my card!! Did a BT also at 0%, the 0% I can confirm is for 12 Full months, starting from the date your first transaction is posted, the customer service person on the phone said which would be anywhere from 2 - 7 days. So that would make it end of March to early April 08! :D
Thanks very very much for the post OP!!!! :D

[ricedion]

If you prefer 0% for 6 months for all balance transfers, as well as new purchases, and cash advances, you can use code "SY2"

[nanirina]

Yeah I guess the question is - what if you already have a CITI Gold Card - can you still use the transfer Code mentioned?

i think someone mentioned that they did get the 0% transfer on his second card with a bit of variation in teh address.

[k288]

I'm a student and they told me that I can ask for a limit increase in April when I start working full-time since income will jump from 15k/year to 50k/year. It is less than 6 months so I'll have to see if they actually do it.

Wow, with a 3X increase in your salary, you probably won't even need a credit card, 0% or not ;)

[jmc0]

I see, I still have not activated the card... and no stmt yet, but why is there a stmt one week after, had you already used it? Should I wait til I get that stmt before calling to activate? And if you did call to activate first can the CSC confirm the rate with you or can you do BT on the phone? Thanks. Btw, Sorry for so many questions, hehe :D
So do you have to activate the card first, before that rate statement or BT kit will get mail to you? Is it better to wait for the Balance Transfer Kit, if I want to transfer into bank account? (I'll apply for this card next month)
"You will receive a Balance Transfer Kit about 3 weeks after the date your Citi MasterCard Application is approved"
Yay, just activated my card!! Did a BT also at 0%, the 0% I can confirm is for 12 Full months, starting from the date your first transaction is posted, the customer service person on the phone said which would be anywhere from 2 - 7 days. So that would make it end of March to early April 08! :D
Thanks very very much for the post OP!!!! :D

[eternitybc]

So do you have to activate the card first, before that rate statement or BT kit will get mail to you? Is it better to wait for the Balance Transfer Kit, if I want to transfer into bank account? (I'll apply for this card next month)
"You will receive a Balance Transfer Kit about 3 weeks after the date your Citi MasterCard Application is approved"

Well, I never got a choice. I got my card in the mail last week. Unfortunately, when I signed up, i put my credit cards (that I wanted to pay off) in the app, and they sent out the cash already. Funny, as I haven't activated the card yet. I might not ever- remove any temptation to use it, lol. I only know they did the trnsfer already cause my MBNA Mastrcard is showing the money as applied.

[traktion]

Where do I put this code in? I tried calling the 1800 number but thats only for current customers.

[Tutrakan]

Well, I never got a choice. I got my card in the mail last week. Unfortunately, when I signed up, i put my credit cards (that I wanted to pay off) in the app, and they sent out the cash already. Funny, as I haven't activated the card yet. I might not ever- remove any temptation to use it, lol. I only know they did the trnsfer already cause my MBNA Mastrcard is showing the money as applied.

Activated yesterday and when i checked my accounts the money was there.
0% until 03 2007.
Applied two weeks ago.
Thanks OP. Some cheap credit.:razz:

[Double_J]

I have heard that taking on credit and the canceling it a short time later is actually bad for your credit rating.

I have one of these interest free cards and my time is almost up now. I do not want the card and only took it so I could put the money in to a PC account making 4%. I am now going to move the money back to the credit card and keep the small profit.

My question is will I damage my credit rating if I cancel my account now? Should I just keep a zero balance for a while then cancel it? Any information would be helpful because I just got accepted for another 0% offer and will be doing the same thing again.

[McPaul]

did anyone else get a run-around re: having to fax in a proof of address?

What's that all about?

[QweQaz]

did anyone else get a run-around re: having to fax in a proof of address?

What's that all about?

Last week, I had to fax in my recent phone bill as proof of address. Weird.....

[bellboy26]

If I don't fill out the balance transfer section on the online application can I still get the 0% transfer later?

[jmc0]

If I don't fill out the balance transfer section on the online application can I still get the 0% transfer later?
I applied last month. They called me this week, telling me I been approved, but they cannot transfer into my PresChoice account listed in my application (anyone else experiencing this?)... They inform me, I'll receive the card soon, and some cheques will follow soon afterwards; and to use the 0% cheques to manually do the transfer (they inform me it's 0% cheque, but I didn't ask about fees -forgot).

So does anyone know if there's any fee in using the balance transfer cheque? The pdf say 1.5% unless otherwise stated in the agreement and rate schedule. I'll get the agreement and rate schedule when the card arrives, but would like a heads-up from people that done the transfer using the cheque. Thanks

Promotional Transfer Cheque Fee: Unless waived or reduced, 1.50% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. Please refer to your Citibank MasterCard Cardmember Agreement and Rate Schedule governing the Account for further Interest Rates details.
...
You will receive a Balance Transfer Kit about 3 weeks after the date
your Citi MasterCard Application is approved.

[Credit-Analyst]

If they ask you for Proof of address or "POI" as it's called, they are have a discrepancy when they pull your credit file either from Transunion or Equifax (Who ever they are using) and want you to confirm it with them so that they are not just sending a card to a bogus address.

Also if you fill out the Balance transfer section you will get the low rate.

Balance transfers and direct deposits into a checking acct are treated the same and are both in the same low promo category.

[jmc0]

Has anyone tried to use the cheque without activating the card?

[Ryu69]

Hey guys. Just looking at this deal. Here is a summary of the information for the deal that I got from the website and this string.

- 0% interest in balance transfer from another credit card
- can have balance transfer more then what you owe on your other credit card as up to the limit of this new credit card
- no fee in balance transfer
- 1 year interest free on balance transfer
- there will be interest on other charges on the card

I guess my questions is, will there be a fee for the balance transfer? I am asking this as i remember a while ago, there was an MBNA deal like this but they charged 1% on the amount being transfered, but still offered the 0% interest.

So if I just transfer my balance and not use the new card and pay off the amount in the 1 year with the minimum payment each month, this will not cost me a penny? no hidden fees?

Thanks guys. Just want to confirm all of this as I don't want to run into hidden fees when it is too late.

[tjuzer]

Anyone know when your year up how to pay? Do they tell you before charge interest?

[bluetangerine]

Has anyone tried to use the cheque without activating the card?

I wouldn't suggest it. This is considered fraud.

[Mr Nobody]

1. After making the min payment, do you guys BT that back into your savings account or is that too much trouble for a few bucks?
2. How long to wait before asking for a limit increase?
3. Limit increase can be BT at 0% correct?
4. My wife is currently a homemaker (no income). Should she apply for a card?

[Diskdoctor]

Anyone know when your year up how to pay? Do they tell you before charge interest?

Just write them a cheque or make an online payment from your bank account.

Don't count on them warning you before they start charging interest. The date that the deal expires should be on your monthly statements.

[Diskdoctor]

1. After making the min payment, do you guys BT that back into your savings account or is that too much trouble for a few bucks?
2. How long to wait before asking for a limit increase?
3. Limit increase can be BT at 0% correct?


You are given a window of time after you get the card in which to make balance transfers under the 0% deal. After that window any balance transfers are going to be charged an exorbitant rate of interest and they will also start charging you interest on your initial balance transfer. So do it all in one shot at the beginning. To be safe I made the minimum payments each month but I am not sure whether this was necessary.

[wiebecj]

You still have to make your minimum monthly payments during the 1st year though (just like any credit card). I assume if you don't make them, you go back to paying the regular intrest rate

[Mr Nobody]

You are given a window of time after you get the card in which to make balance transfers under the 0% deal. After that window any balance transfers are going to be charged an exorbitant rate of interest and they will also start charging you interest on your initial balance transfer. So do it all in one shot at the beginning. To be safe I made the minimum payments each month but I am not sure whether this was necessary.

Forgot about that part!

TY.

[tjuzer]

Just write them a cheque or make an online payment from your bank account.

Don't count on them warning you before they start charging interest. The date that the deal expires should be on your monthly statements.

Where do you see date expire?

[haybird]

Hello:
When I applied for the 0% till March 08 the term link did not work. Can you transfer a NBNA Mastercard to the Citibank Mastercard? In other words from a Mastercard to a Mastercard? Thanks

[tkyoshi]

Hello:
When I applied for the 0% till March 08 the term link did not work. Can you transfer a NBNA Mastercard to the Citibank Mastercard? In other words from a Mastercard to a Mastercard? Thanks

Yes you can, you just can't transfer internally.

Example: You cannot pay off a MBNA LOC with an MBNA Mastercard. You can pay off an MBNA M/C with a Citi M/C and/or you can use the MBNA to pay off a Citi M/C.

[Diskdoctor]

Where do you see date expire?

At the bottom of my statements it has Interest Charge Information:
Promotional Offer <Avg Daily Balance> 0% int. rate 0% daily rate <effective date>

The expiry date is one year from the effective date.

[tjuzer]

At the bottom of my statements it has Interest Charge Information:
Promotional Offer <Avg Daily Balance> 0% int. rate 0% daily rate <effective date>

The expiry date is one year from the effective date.

Thank you. So fine if pay total before that date or will they bill interest month in advance. I wish to avoid hassle.

[jmc0]

If I don't fill out the balance transfer section on the online application can I still get the 0% transfer later?
Can I do a balance transfer (over the phone) to a bank account when I activate my card (any fees or charges)?
I guess my questions is, will there be a fee for the balance transfer? I am asking this as i remember a while ago, there was an MBNA deal like this but they charged 1% on the amount being transfered, but still offered the 0% interest.

So if I just transfer my balance and not use the new card and pay off the amount in the 1 year with the minimum payment each month, this will not cost me a penny? no hidden fees?

Thanks guys. Just want to confirm all of this as I don't want to run into hidden fees when it is too late.
Has anyone use their Balance transfer cheques? Is there a 1.5% fee charged?

Promotional Transfer Cheque Fee: Unless waived or reduced, 1.50% of the amount of each transfer cheque. This fee is added to the principal amount of each transfer cheque. Please refer to your Citibank MasterCard Cardmember Agreement and Rate Schedule governing the Account for further Interest Rates details.
...
You will receive a Balance Transfer Kit about 3 weeks after the date
your Citi MasterCard Application is approved.

[krazy]

I think the best is to keep within the existing limits of the one credit card we have...

[PurpleTiger]

Has anyone had any problems using the online application - the last page where you enter in the current date is in a weird format: Apr 24>25. When you submit the form, it gives an error for invalid entry...but there's no way to fix it. Calling the 1-800 number is useless, as they have no idea about the web application, and just want to ask you a bazillion questions to see if you qualify for the 0% card.

[james_bond_007]

I was kinda interested in the PC card to transfer a portion of my mortgage but it says "Promotional balance transfer rate available for 6 months (calculated at 1.97% per annum). After the promotional time period, the Cash Advance Interest Rate of 19.97% per annum will be applied to any remaining transferred balance." Is it done with?
********Never mind! Just phoned PC mastercard to try and apply by phone and they said that this offer expired on april 15.

[traktion]

You still have to make your minimum monthly payments during the 1st year though (just like any credit card). I assume if you don't make them, you go back to paying the regular intrest rate

but its 0%, isnt the interest what you pay as a minimum payment or is that another percentage figure?

[user57]

You still have to make your minimum monthly payments during the 1st year though (just like any credit card). I assume if you don't make them, you go back to paying the regular intrest rate

That's right. I spoke customer service after I got the card and they said if you miss even one payment interest rate goes back to a regular number which is 19.smthing %.
Better set up automatic monthly payments for this.

[frankal101]

tried to apply over the phone - the rude b***h would not even let me finish a sentence.:twisted: Apparently every person who got the deal was randomly selected and every code is different...

screw citi - im going with mbna

[Mr Nobody]

tried to apply over the phone - the rude b***h would not even let me finish a sentence.:twisted: Apparently every person who got the deal was randomly selected and every code is different...

screw citi - im going with mbna

What was wrong with the online application?

[libby43]

When my 0% interest period is over with CITI in August, I thought I'd try to switch the card to a CITI Enrich for the cashback benefits. Since the common wisdom seems to be that it's better to keep the card open to avoid a hit on my credit score, I thought I'd try for a card that has cash back, and I think the Enrich is the only no-fee Citi card to offer that.

Has anybody tried to switch their 0% card over to a different Citi MC after the interest-free period ends? If so, was it easy and, more importantly, is it considered the same account and therefore has no effect on the credit score?

Any input much appreciated! :)

[tkyoshi]

When my 0% interest period is over with CITI in August, I thought I'd try to switch the card to a CITI Enrich for the cashback benefits. Since the common wisdom seems to be that it's better to keep the card open to avoid a hit on my credit score, I thought I'd try for a card that has cash back, and I think the Enrich is the only no-fee Citi card to offer that.

Has anybody tried to switch their 0% card over to a different Citi MC after the interest-free period ends? If so, was it easy and, more importantly, is it considered the same account and therefore has no effect on the credit score?

Any input much appreciated! :)

All you have to do is ask for a Product Change.

Your credit card number will change, and a new account will be opened. However the history of your old account will still be on your credit report, it does not get removed.

[libby43]

All you have to do is ask for a Product Change.

Your credit card number will change, and a new account will be opened. However the history of your old account will still be on your credit report, it does not get removed.

I see. Thanks for the reply. So it would be as if I had opened a new account, - but it would not act the same way on my credit score as if I had cancelled the old 0% card? The 0% card would show as, what - transferred? - on the credit report?

If it all works out, that would be great. I could go from the 0% to a pretty good cash back card with some nice benefits.

[tkyoshi]

I see. Thanks for the reply. So it would be as if I had opened a new account, - but it would not act the same way on my credit score as if I had cancelled the old 0% card? The 0% card would show as, what - transferred? - on the credit report?

If it all works out, that would be great. I could go from the 0% to a pretty good cash back card with some nice benefits.

Well kind of, depending on who is doing it it might just be listed as an "inactive account". It doesn't act as if you cancelled and applied because your history remains and no new credit check is done (unless you want a Credit Line Increase).

[libby43]

Well kind of, depending on who is doing it it might just be listed as an "inactive account". It doesn't act as if you cancelled and applied because your history remains and no new credit check is done (unless you want a Credit Line Increase).

Sounds good to me. Maybe I can even upgrade the Enrich to a Platinum if that's still possible, and get car rental insurance and those other perks. I went down to LA a few months ago, and car rental insurance was $50, so it would be worth having for me for these little trips.

Thanks tkyoshi!

[raptorsfever]

Hi guys. Just to make it clear. I have to make the minimum payment monthly to keep the interest rate at 0%? Thanks for the help. :)

[tkyoshi]

Sounds good to me. Maybe I can even upgrade the Enrich to a Platinum if that's still possible, and get car rental insurance and those other perks. I went down to LA a few months ago, and car rental insurance was $50, so it would be worth having for me for these little trips.

Thanks tkyoshi!

No problem! FYI, if your credit line is at least $5000 you should be able to get the Platinum card.

Hi guys. Just to make it clear. I have to make the minimum payment monthly to keep the interest rate at 0%? Thanks for the help. :)

Yes you have to make the minimum payments, if you miss a payment your interest rate will go back to the normal % (around 19%).

[raptorsfever]

Yes you have to make the minimum payments, if you miss a payment your interest rate will go back to the normal % (around 19%).

Thanks :)

[HunkaHunkaBurningLove]

MBNA 0% Card for 15 months thread with 1% on BT is here:

http://http://www.redflagdeals.com/forums/showthread.php?t=411582 (http://www.redflagdeals.com/forums/showthread.php?t=411582)

[st7860]

citibank doesnt charge a transfer fee

[HunkaHunkaBurningLove]

That's true, but I find that MBNA tends to be more generous with it's credit limits on cards that they authorize. In any case, it might be an option for someone who wants the CITI one and another 0% card.

[Diskdoctor]

I just finished up a year with ~$11000 at 0% interest and am thinking of canceling my card and applying for a new one. Besides credit checks are there any other drawbacks/possible complications I should be aware of? Anybody else out there done this already?

[st7860]

don't cancel it. there's no annual fee anyway.

apply for a second citi but VARY your address slightly. such as change apartment to 'unit'

[libby43]

I just finished up a year with ~$11000 at 0% interest and am thinking of canceling my card and applying for a new one. Besides credit checks are there any other drawbacks/possible complications I should be aware of? Anybody else out there done this already?

I haven't seen anybody else on this thread mention it, but I haven't read every post. I wonder if Citibank will allow you to do it. Are you just going to try the online application after cancelling your card?

[b0ne]

I accidentally missed a minimum payment a few months ago, paid as soon as the next statement came. The interest rate didn't change, atleast not yet. :cheesygri

Almost time to repay the balance.

[haybird]

Hello,
I applied for the 0% till March 08 about 10 days ago. I recieved my card today. There is nothing in card agreement about the promotional offer of 0% balance tranfers till March 08. Is this normal? How do I know I recieved the offer I applied for? Do I phone them and just take them on their word that I recieved the promotional rate? Thanks for any info!

[libby43]

Hello,
I applied for the 0% till March 08 about 10 days ago. I recieved my card today. There is nothing in card agreement about the promotional offer of 0% balance tranfers till March 08. Is this normal? How do I know I recieved the offer I applied for? Do I phone them and just take them on their word that I recieved the promotional rate? Thanks for any info!

Just give them a call. I seem to remember seeing earlier in this thread that it can take a few days for the promotional rate to show up on your account, so you might want to wait a little bit to call, but you can do the whole thing over the phone and they will confirm the interest rate before you do the balance transfer. It's definitely nicer to get some verbal confirmation over the phone than to just use the cheques and hope they work out and that you've used the right ones!

[tjuzer]

Is good to answer card or just leave?

[HunkaHunkaBurningLove]

Make sure with this card that you don't miss a minimum monthly payment. I've seen some credit card companies sending out statements late or lose them in the mail.

From the fine print link on the application page
"A minimum payment, as indicated on an Account Statement, is required for each monthly account statement during the promotional period to maintain the promotional annual interest rate."

[haybird]

Thanks for the replies. I will make sure to make the min. payment. I will be transferring a large sum from an MBNA that I got for 0% last June. Its like swimming with sharks, but worth it if you don't screw up the payments and have money coming down the pipe at a later date. Thanks

[patrob]

or presidents choice financial mastercard.
www.pcfinancial.ca 3.99% on balance transfers for the lifetime of the loan(in other words, when you do a transfer. it stays at 3.99% forever.

Looks like it's not there anymore or they changed it :confused:, it says 1.97% balance transfer rate for 6 months when you click the link & go to MC...

[Ryu69]

still works for me

[curls00]

Anyone know of any other low-interest promos with anyone besides MBNA or CITI??

THANKS!

[doomy]

This deal is dead:

Your completed Application, and each Balance Transfer request, must be received by April 30, 2007, to qualify for
this balance transfer offer.

[st7860]

Looks like it's not there anymore or they changed it :confused:, it says 1.97% balance transfer rate for 6 months when you click the link & go to MC...

maybe PC financial found out that too many people were not using the card and keeping it on 3.99% forever

[patrob]

maybe PC financial found out that too many people were not using the card and keeping it on 3.99% forever

I actually did get their card in Feb....but just activated it yesterday & was advised the 3.97% transfer is only valid for the first 30 days after you get the card...so I lost out on that promotion:mad: I guess I will be cancelling that card :rolleyes:

[st7860]

I actually did get their card in Feb....but just activated it yesterday & was advised the 3.97% transfer is only valid for the first 30 days after you get the card...so I lost out on that promotion:mad: I guess I will be cancelling that card :rolleyes:

don't cancel the card. there is no annual fee. keeping it open will create a line on your credit report and making the age of your credit seem older. for credit purposes, an 'older' credit file looks 'better'

[ashallwani]

don't cancel the card. there is no annual fee. keeping it open will create a line on your credit report and making the age of your credit seem older. for credit purposes, an 'older' credit file looks 'better'

Actually if you have credit cards already from before, wouldn't cancelling a new or 1 year old card, make your aveage credit age higher and thus better?

[st7860]

no. what i meant was keeping it open feeds toward your credit history. cancelling it doesn't help anything, and since there's no annual fee, there's no reason to cancel it. just keep it at home in your freezer or something like that. having it open and spending a few dollars a few times a year ensures active and reports to the credit bureau as a credit account that is paid on time.

[Ryu69]

This deal is dead:

Your completed Application, and each Balance Transfer request, must be received by April 30, 2007, to qualify for
this balance transfer offer.

still works. just called right now. no interest till may 2008

[st7860]

yes. citibank is just weird. they have a habit of extending things on a constant basis and flipping the codes around, but the interest rate period remains the same

[facebook]

anyone know if you can extend an existing card's 0% term?

Mine expires in october. should I just wait for it to expire and just re-apply?

[Mei Yee]

The a7e code has expired. Can someone post a new code or pm me one if they know of one please? Thanks!:)

[Chinko]

Any new code?

[lor74]

when I called they said it was expired and they could not offer it...the online link might still work, but you will not get the 0%

I called MBNA and got it through them and it is for 15 months :)

[Mei Yee]

Applied for MBNA - except there's that admin charge of the lesser of $7.50 or 1% of cash advance - on approval of course.

[tjuzer]

Just write them a cheque or make an online payment from your bank account.

Don't count on them warning you before they start charging interest. The date that the deal expires should be on your monthly statements.

Actually day is different from bill and from letter they send at begining.

Letter is may bill is july?

[st7860]

with the citibank mastercard you can put your checking account number into the citibank online billing thing then it will debit your account anytime you click it and just telll it how much to take out.

[pei_boy]

Anyone have a new code for this?? :-0

[Raddo]

Hows it going y'all?! Just wanted to say that I just recieved my personal application for a citibank gold mastercard that is offering 0% on balance transfers until MAY 2008!!! I DO have an 'access' code that I will be posting shortly after I verify it's authenticity! (and it does state that this offer is valid until June 15, 2007. Gotta run now, but talk to y'all in a bit!:D
edit: sorry guys it's a no go with the code! Sorry for the false advertising!

[chaoticmonk]

new code for 0% till may 2008 is G76

just received the offer in the mail

[djayboi]

new code for 0% till may 2008 is G76

just received the offer in the mail

AWESOME!!! THANKS chaoticmonk!!

[toor]

never done this before, do i go online and enter code or do you have to telephone?:?:

[lor74]

link on first page is valid....but read the fine print:

Your completed Application, and each Balance Transfer request, must be received by June 15, 2007, to qualify for
this balance transfer offer.

[toor]

thanks lor74 will check it out

[Chinko]

new code for 0% till may 2008 is G76

just received the offer in the mail

Thanks for the new code chaoticmonk!

And thumbs up for OP for quick update!

[vincevoltaire]

thanks for the new code!

[alanbrenton]

Is this offer available to existing citibank credit card holders? What if I cancel my current 0% balance transfer credit card before the deadline, will I be eligible to apply?

How strict is citibank when it comes to the technicalities?

Thanks.

[addicted2it]

Is this offer available to existing citibank credit card holders? What if I cancel my current 0% balance transfer credit card before the deadline, will I be eligible to apply?

How strict is citibank when it comes to the technicalities?

Thanks.

I would love to know too...anyone???

[dinesh_zee]

got my card today.. no info abt 0% rate though

[jupitermoon]

just applied, the online process is a bit buggy, took several tries, but finally completed. Thanks OP for the info.

[Thanh]

new code for 0% till may 2008 is G76

just received the offer in the mail

I just received a similar offer: 0% on BT until May 2008 using access code J73. The offer is in french so I guess it could be the same offer but only in a different language.

[alanbrenton]

Is this offer available to existing citibank credit card holders? What if I cancel my current 0% balance transfer credit card before the deadline, will I be eligible to apply?

How strict is citibank when it comes to the technicalities?

Thanks.

:arrowu:

[dinesh_zee]

got my card today.. no info abt 0% rate though

0% offer came into my account within 2 business days after activation!
thanks op!

[geestring]

so how do i do this...

lets say i rack up $1000 on my cibc card.

I apply for a citi bank card and get the debt transferred.

now my debt has no interest until may 2008? no transfer fees?

where do i apply

[st7860]

You will still have to make your minimum monthly payments for 1 year, although there will be no interest, so your principal will not increase.

[canabiz]

I got that Citicard back in February, promptly used the $6K limit to take care of some other financial issues...

Now that I have finished re-paying that $6K balance what do you guys normally do with that card ?

1. Continue to use it like any other regular credit card (I did read the CitiBank booklet and it seems to have quite a few benefits for card members)

2. Cut it up and cancel the card

3. Put it away in storage and wait for the next promotion from CitiBank ?

Cheers!

[st7860]

do not cancel it. there is no annual fee. its there to 'use' if you need it.

[vincevoltaire]

I got that Citicard back in February, promptly used the $6K limit to take care of some other financial issues...

Now that I have finished re-paying that $6K balance what do you guys normally do with that card ?

1. Continue to use it like any other regular credit card (I did read the CitiBank booklet and it seems to have quite a few benefits for card members)

2. Cut it up and cancel the card

3. Put it away in storage and wait for the next promotion from CitiBank ?

Cheers!

You probably should not have repaid it so quickly. It's 0% interest. What most people do is put the money in the bank or invest it and repay it just before the 0% interest expires (i.e., 1 year after you withdraw). A few months after getting the credit card, the interest rate is not 0% anymore so the card is basically useless (even worse, it counts against your ability to borrow).

So the correct answer is: (1) cut up the card and cancel it; (2) a few days later, apply for the current promotion; (3) do the balance transfer to your bank; (4) invest it or let it stay in your bank; (5) 11 months after the balance transfer, repay everything. This way, you get to keep all the interest.

[seiko000]

I hope someone can asnwer my question before I put myself into another finincial trouble. :|

This 0% interest thing, if I dont paid off the transferred balance by the time of May 2008, will they start charging me interest SINCE day one I owe them? In other words, if I trasnferred 1000 dollars and by May 2008, I still have 500 dollars remainng, will they charge me cumulative interest for that 1000 or just start changing interest for the remaining balance? FS/BB cards do this and it made a lot of money out of this "trip".

Thanks in advance! :)

[canabiz]

You probably should not have repaid it so quickly. It's 0% interest. What most people do is put the money in the bank or invest it and repay it just before the 0% interest expires (i.e., 1 year after you withdraw). A few months after getting the credit card, the interest rate is not 0% anymore so the card is basically useless (even worse, it counts against your ability to borrow).

So the correct answer is: (1) cut up the card and cancel it; (2) a few days later, apply for the current promotion; (3) do the balance transfer to your bank; (4) invest it or let it stay in your bank; (5) 11 months after the balance transfer, repay everything. This way, you get to keep all the interest.

Sound good to me but we just bought a house and I don't want to play too much with fire you know what i mean...I have recently applied for the MBNA MC with 0% on BT and CA for the next 15 months as well so we"ll see how that goes.

Would definitely not like to pay too many *creditors*, mortgages from the bank included.

YMMV though.

[YLSF]

WARNING VERIFY YOUR PROMOTION ENDING DATE!!!

I called Citibank to verify my expiry date on the promo. In their system it showed May 31, 2007 (12 month after the original promo code expired.. not 12 months after I actually got the card!!)....

They are going to clear it up but it was a bit of a pain to convince the supervisor that it should have been September 2007 instead (she verified based on the code I used... )..

Anyway, long story short.. VERIFY your expiry date. If you were one of the earlier people to use the promo code it could be expiring May 31, 2007 and you need a few days to allow the payment to "process'..

[PurpleTiger]

WARNING VERIFY YOUR PROMOTION ENDING DATE!!!

I called Citibank to verify my expiry date on the promo. In their system it showed May 31, 2007 (12 month after the original promo code expired.. not 12 months after I actually got the card!!)....

They are going to clear it up but it was a bit of a pain to convince the supervisor that it should have been September 2007 instead (she verified based on the code I used... )..

Anyway, long story short.. VERIFY your expiry date. If you were one of the earlier people to use the promo code it could be expiring May 31, 2007 and you need a few days to allow the payment to "process'..

So were you able to get this changed? I signed up in Aug.06 and according to them, my expiry is May.31.2007. Can I get this changed to Aug.30.2007?

[FramboiseGirl]

Many thanks for the current code!

[HunkaHunkaBurningLove]

No problems here, but I applied in January 07. Mine expires Jan 08.

[Double_J]

I did the Citi card last yr and got approved. My 12 months had almost expired when mbna came out with theirs. I was approved with them too and still have their card. I applied to this newest Citi offer again ( lol ) and am waiting for a response. My credit rating must look like I am desperate for credit. And to be honest when they are giving me free money to put in to an account I am!!!

This time I asked for more money. First time around they gave me 10k. mbna gave me a total of 20k. This time I asked for 25k but we shall see.

[toor]

I did the Citi card last yr and got approved. My 12 months had almost expired when mbna came out with theirs. I was approved with them too and still have their card. I applied to this newest Citi offer again ( lol ) and am waiting for a response. My credit rating must look like I am desperate for credit. And to be honest when they are giving me free money to put in to an account I am!!!

This time I asked for more money. First time around they gave me 10k. mbna gave me a total of 20k. This time I asked for 25k but we shall see.

did you cancel the Citi card after the 12 months last time ?

[Double_J]

did you cancel the Citi card after the 12 months last time ?

No but I was going to cancel it. I wonder if it will impact their decision.

[toor]

No but I was going to cancel it. I wonder if it will impact their decision.

Thanks Double J. Let us know how you get on

[alanbrenton]

Thanks Double J. Let us know how you get on

Yes, please let us know if you are able to apply for a new 0%BT. In my case , I may ask my wife to apply for a 0% BT since I applied for one last year. The only problem is that she has been a citicard holder since 2004.

[1226]

I did the Citi card last yr and got approved. My 12 months had almost expired when mbna came out with theirs. I was approved with them too and still have their card. I applied to this newest Citi offer again ( lol ) and am waiting for a response. My credit rating must look like I am desperate for credit. And to be honest when they are giving me free money to put in to an account I am!!!

This time I asked for more money. First time around they gave me 10k. mbna gave me a total of 20k. This time I asked for 25k but we shall see.

How do you "ask" for your credit limit? Don't they just assign you one?

[bubble.tea]

Well...I'm officially no longer a 0% BT n00b :D.

Having paid off my first BT last week, and only a few months away from my 2nd one, I've just applied for my third. I asked for some impressive amount so we'll see.

I'll just consolidate my old one into the new one when I my application progresses to the next level of processing.

Cheers OP...You're good for SOMEthing on this forum after all...if not much else.

[patrob]

So has anyone else applied for the new 0% card (who already has an existing CITI or MBNA card), get actually approved:confused:

And if so, do you just transfer the remaining balance to the new card & cancel the old one or leave the card with minimal limit??? I assume the limit would be small on the new card unless you can flip the limit like CT allows between Options & Cash Advantage:lol:

[ZenOps]

OT: I just got three mastercheques at 3.9% for 6 month on my Citi Platnium Enrich.

So Citi does have low APR's for existing clients (been with Citi Mastercard for 11 years now) and even for people with the no fee rewards cards.

Yup, I really, really like Citi... Not like the oppressive big five in Canada, the banks down in the US actually have to compete.

[weebg]

At the bottom of your statement, you should see when your 0% promotional rate ends. For me, it was 12 months from the 1st day I opened the account.

I thought the expiry date for the promotional rate was tied to the promo code you used. I signed up with the current promo code at the time, so it was a full 12 months. I would think if you signed up later with the same promo code, you'd get less time with the promo rate.

So were you able to get this changed? I signed up in Aug.06 and according to them, my expiry is May.31.2007. Can I get this changed to Aug.30.2007?

[weebg]

I have the 0% card and I just finished my promo rate. I had tried applying for another card about 2 months ago, but was refused because they said I already had the card.

I just cancelled it (since it's no use to me anymore - I only used it for the promo rate), and will be reapplying next week. Before I canceled, I asked if I could be put on the new 0% promo rate. They said it couldn't be done.

FYI, I also have a CITI Enrich MC and that didn't seem to stop me from getting the first 0% card.

So has anyone else applied for the new 0% card (who already has an existing CITI or MBNA card), get actually approved:confused:

And if so, do you just transfer the remaining balance to the new card & cancel the old one or leave the card with minimal limit??? I assume the limit would be small on the new card unless you can flip the limit like CT allows between Options & Cash Advantage:lol:

[ares_toronto]

Any one knows how to do the BT? I don't have any other debit on my other credit cards, can I just put the money into my PC saving account? And how?

[HunkaHunkaBurningLove]

You can use the special 0% balance transfer cheques. Just write the cheque to yourself. Make sure you don't use the regular cheques. You might have to call them up to request that they mail you some. They should tell you to use the cheques that are numbered so and so...

Or you can call them up, tell them the numbers at the bottom of a cheque from one of your existing chequing accounts, and they can do the transfer over the phone I believe. That's what I did with the MBNA one, and it just took a couple of days for the money to show up.

[bubble.tea]

Any one knows how to do the BT? I don't have any other debit on my other credit cards, can I just put the money into my PC saving account? And how?

You fill out the online form.

Enter any banking info (You savings Bank Account details is an example).

Enter the AMOUNT you want.

Simple concept really.


Simple concept...but MOST EASY to result in DISASTROUS CONSEQUENCES, IF you do not excercise DISCIPLE and counter-check-failsafes in meeting payment deadlines, and 0% TERMINATION DUE DATE.

You can also use another Credit Card to receive those funds....that's ultimately the intention of such offers ;).

[UTSC]

Great, post thank you.

I applied for the citi mstercard online today and was wondering how long on average citi bank takes to issue the card? I need to payoff my 8.9 % Mastercard asap !

[tchai]

Just finished my 12 month 0% interest offer 10 days ago.
I have 3 Citi MasterCards
1. Citi Enrich Master Card
2. Citi Gold Master Card (0% interest for 12 months is over now)
3. Citi Petro Card


I got my Mastercards in the above order. No problems getting the 0% for me back in May 2006.

[Double_J]

I was not approved. They said I already had the card and they could offer me a different MC but not a 0% offer. My original card expired on May 31, and I spoke to them on May 30th lol. I told them I will call back the next week to complain. I am sure I am fighting a loosing battle but who cares free money is worth arguing over.

[alanbrenton]

I used to work part-time as a credit card application verifier. Make sure you provide a listed landline phone number and an address that matches that.

What we used to do was punch the residential phone number into a directory and check whether the person listed has the same last name as yours. If it was, then residential verification was considered good. For those who provided inexistent numbers, I suggest you don't do this because I used to send these kind of applications to the reject queue.

If you applied and we noticed it was a cellphone number you had provided, we would be asking you to present proof of billing (cellphone bill, utilities, cable).

For the employment phone number, make sure it is an existing phone number because giving a phone number that doesn't coincide with the employer name on the application will likely result in a rejected application. Only if you give the number of your superior/boss will we inquire whether you actually worked there.

Where I used to work, so long as your beacon score was above 650 and so long as your residential and employer phone numbers were good, application would be processed even without verifying information with real live people (like your boss or a colleague). So, giving your direct number at the office is good idea as you would usually have a welcome note indicating the company you are working for.

With regards to employment income, they would verify this with your boss had you given them your boss' phone number. If you had given them yours, I don't think we had to verify if the actual income was accurate.

I am not condoning lying on the application though. Even retirees whose total household income is in excess of the minimum indicated are eligible for this offer.

[patrob]

alanbrenton, to be honest whenever I apply for a credit card & I have applied for many recently & all have been approved with high limits, I always say my income is much higher than it is in reality & never once has anyone called my employer to verify income...since my hubby is self employed & I supposedly work for him....:cheesygri ...maybe my score is very high that's why :lol: ...

Also when you say landline phone #, what happens when you have VOIP? It's not landline anymore & many people now have VOIP as residential phones....:)

[alanbrenton]

alanbrenton, to be honest whenever I apply for a credit card & I have applied for many recently & all have been approved with high limits, I always say my income is much higher than it is in reality & never once has anyone called my employer to verify income...since my hubby is self employed & I supposedly work for him....:cheesygri ...maybe my score is very high that's why :lol: ...

Also when you say landline phone #, what happens when you have VOIP? It's not landline anymore & many people now have VOIP as residential phones....:)

Never getting a call from a credit card company doesn't mean they never attempted the call.

Not sure about the VOIP phones since I only worked towards the latter part of 2004. Many do have VOIP phones but many like me, are still with Bell. Good point your raised but then that was how we did it 3 years ago. Giving a VOIP number is different from making up one on the application.

With respect to income, I mentioned that unless one gives one's boss' phone number on the application, I did not have to verify that income information.

Hope my response shows that I am not in disagreement with you but that your case may not be the same as most credit card applicants.

Cheers.

[st7860]

just give them a dummy LANDLINE number. if they dont accept that it means your credit sucks and/or the specific card/bank you are applying with is picky. its not a strict necessity for them to just make a phone call. if they were really concerned, they'd ask for pay stubs.

[patrob]

Never getting a call from a credit card company doesn't mean they never attempted the call.

I know for a fact that they never attempted a call, since my employer's phone number is my hubby's cell :cheesygri & I would know if someone had called...;)

[alanbrenton]

just give them a dummy LANDLINE number. if they dont accept that it means your credit sucks and/or the specific card/bank you are applying with is picky. its not a strict necessity for them to just make a phone call. if they were really concerned, they'd ask for pay stubs.

The residential landline and address combination is to ensure that it's the actual individual making the application and not someone trying to steal the former's identity. Of course, they will ask for date of birth (SIN need not be provided) but still this combination gives some assurance that the card is sent to the right individual.

[canabiz]

Just to chime in with my own experience, when I applied for this CITI 0% interest, I did get a call from a CITI rep at my office phone # to verify some info

She also asked me to give her the phone # for HR, presumably to verify the income although I don't know for certain 100%

With MBNA which I just got another CC for 0% interest, the (Indian) reps only asked how much I made and that was the end of it

So it could vary between the banks.

[patrob]

With MBNA which I just got another CC for 0% interest, the (Indian) reps only asked how much I made and that was the end of it

So your original 0% ended & you applied for a second same 0% & got approved with no problem:?: I want to do that too...but I figured you can't do it again so soon...unless you cancel & re-aplly few months later :confused:

I know when I called CITI, they said I can't apply for same offer...unless I cancel & wait at least 3 months...you can have few diff. CITI cards, as long as they are diff. offers...

[canabiz]

So your original 0% ended & you applied for a second same 0% & got approved with no problem:?: I want to do that too...but I figured you can't do it again so soon...unless you cancel & re-aplly few months later :confused:

I know when I called CITI, they said I can't apply for same offer...unless I cancel & wait at least 3 months...you can have few diff. CITI cards, as long as they are diff. offers...

Nope I am still on the first MBNA card with 0% offer, it's good for 15 months so my expiration date is August of 2008

I am thinking of getting a HELOC Patrob, essentially borrowing at prime. The 0% promotions are nice but you don't know when they will be coming out and applying and cancelling and re-applying for new cards are not really my cup of tea, lowering credit scores and you have to have very good discipline not to use the cards for anything else but balance transfer/cash advance. I realize that's the lumps you have to take if you want to get the interest-free loan but i guess it's worth it, after all is said and done.

[patrob]

Nope I am still on the first MBNA card with 0% offer, it's good for 15 months so my expiration date is August of 2008

I am thinking of getting a HELOC Patrob, essentially borrowing at prime. The 0% promotions are nice but you don't know when they will be coming out and applying and cancelling and re-applying for new cards are not really my cup of tea, lowering credit scores and you have to have very good discipline not to use the cards for anything else but balance transfer/cash advance. I realize that's the lumps you have to take if you want to get the interest-free loan but i guess it's worth it, after all is said and done.

My 0% MBNA is ending in August...so is that mean I can apply now for another 0% & be approved?

We already have a secured line of credit...but hate paying prime :lol: Eventually I might have to when all my other 0% cards run out...I even got my brother to apply for the 0% CITI & MBNA for me...:D :D

[mkwong]

Has anyone taken out the entire balance, and then X months later taken a second smaller amount (after paying X minimum payments?)
Does anyone call monthly and make a BT after paying off the minimum payment?
Thanks!

[Diskdoctor]

I just cancelled my old card last week and applied for a new one now. I'll report how it goes.

[Double_J]

I just cancelled my old card last week and applied for a new one now. I'll report how it goes.

I just called an canceled mine too. They told me many ppl have got codes from posts on the internet. They also said they are rejecting ppl that have canceled accounts and reapplied.

Do ppl really put codes up on forums, I mean really. I think these guys are just paranoid. lol.

Oh well let me know how it goes and I will apply again. I was also thinking of using my wife and applying under that name.

[1226]

I just called an canceled mine too. They told me many ppl have got codes from posts on the internet. They also said they are rejecting ppl that have canceled accounts and reapplied.

I'm one of them. Just got my rejection the other day.

[Double_J]

I'm one of them. Just got my rejection the other day.

Looks like the wife will be applying soon :)

[alanbrenton]

anyone else got a rejection from citibank for this 0% BT credit card? what did they disclose as the reason for the rejection?

[flashy_shortstop]

I applied for the CITI Bank Gold card a few weeks ago using the posted promo code and got my card on Friday. However, when I called the service rep, she told me that I'm not qualified for the 0% BT. My credit limit is $8600. Anybody else got the card but got the 0% rejected?:(

[tkyoshi]

Looks like they are catching on!

[bubble.tea]

CAUTION!!!!!!!!!!!

I'm pretty sure I learned awhile ago that cancelling a CC withing 3 months or something like that is bad for your rating.

If I am mistaken please correct me.

[st7860]

cancelling a card means it will no longer continue to count towards your FICO credit score.

even cancelling a rogers phone will do the same thing. ask your best buddy treatz at mofoforums.com oops i mean howardforums about that - Rogers reports to the credit bureau MONTHLY just as a credit card will too.

[jupitermoon]

I applied for the CITI Bank Gold card a few weeks ago using the posted promo code and got my card on Friday. However, when I called the service rep, she told me that I'm not qualified for the 0% BT. My credit limit is $8600. Anybody else got the card but got the 0% rejected?:(

I too applied a few weeks ago, got my card and balance transfer no problem. For me I applied online and filled out the BT info there and was approved. 0% is good till May 2008.

[st7860]

june 15 2007, this still works.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=G76

[vincevoltaire]

I too applied a few weeks ago, got my card and balance transfer no problem. For me I applied online and filled out the BT info there and was approved. 0% is good till May 2008.

I got the 0% credit card with no problems as well. Thanks, OP.

[sjp]

Anybody know if the 0% interest is still good? Says on the pdf. that it must be received by June 15th but not sure if it is just saying that or if they hold firm on it.

[alanbrenton]

I got the 0% credit card with no problems as well. Thanks, OP.

How can you tell if it's the 0% credit card? They sent one out for my wife and I received it in the mail today. She applied on June 13. There is no mention of the 0% BT offer though. I did take screen shots of the application process including the 0% offer on the very first screen.

I will ask my wife to phone in today to ask about the 0% BT cheques. :)

[st7860]

citibank is stupid. it isnt immediately obvious what the interest rate is in the welcome package.

just call citibank and ask them if you have the 0% promotion, and if so, tell them to deposit it into your bank account. then you can use the money for paying off whatever.

[f00kie]

citibank is stupid. it isnt immediately obvious what the interest rate is in the welcome package.

just call citibank and ask them if you have the 0% promotion, and if so, tell them to deposit it into your bank account. then you can use the money for paying off whatever.

They are also so slow! I called CitiBank and MBNA within a 10 minute span on the same night. I got the MBNA money in my bank account the next morning, and CitiBank still hasn't deposited anything (it's been two business days and two weekend days now).

I'm not frustrated (and they did say 5 business days, but so did MBNA), just pointing it out.

[T3rry]

i just applied, it's save me about 10% a month from my LOC (up to $15000) and just before the 0% expires, i'll WD the money from my LOC again and pay the card off, and cancel it :)

[alanbrenton]

Anyone here had luck redistributing / reallocating some credit limit from another citibank credit card to the 0% BT credit card?

[tkyoshi]

Anyone here had luck redistributing / reallocating some credit limit from another citibank credit card to the 0% BT credit card?

Generally Citibank is quite difficult to work with, I don't know of anyone yet that has been successful in reallocating from one card to another.

[woodstock827]

I'm a noob at this so I have some questions to ask.

I have a Line of Credit owing around $12k.
If I apply for this Citi card to get the 0% thing, can I just put down the bank account number of my LOC to do the BT, or do I have to put it on another credit card first?
Also what happens when I try to transfer more money than they give me credit for?
Thanks!

[Diskdoctor]

I just cancelled my old card last week and applied for a new one now. I'll report how it goes.

Update:
I received a letter from Citi asking for a copy of a pay stub. Not sure if this is their way of discouraging me or what.

[SkeptiKal12]

I applied for one of these cards last week and got it today in the mail. 0% interest is still good until May.

[tkyoshi]

Update:
I received a letter from Citi asking for a copy of a pay stub. Not sure if this is their way of discouraging me or what.

Sometimes they do want to verify your income, it's more of a random sample. I hope you didn't exaggerate your income too much ;)

If you don't send it in they might toss the application or maybe give you a card with the minimum limit (i.e. $500).

[Tenshi]

Anyone with a current code? Seems like the o.p. expired on june 15 (well, you could do a balance transfer until june 15)

Thanks,

[f00kie]

Anyone with a current code? Seems like the o.p. expired on june 15 (well, you could do a balance transfer until june 15)

Thanks,

I did my BT after June 15th (completed today) and it's 0%.

[canadiandollars]

Update:
I received a letter from Citi asking for a copy of a pay stub. Not sure if this is their way of discouraging me or what.

was your old card a 0% card too? I already have a 0% interest card from last year but I dont know if I can apply again.

[Diskdoctor]

was your old card a 0% card too? I already have a 0% interest card from last year but I dont know if I can apply again.

My old card was a 0% one - finished in March I think. I would cancel your old card before reapplying but people have had problems with getting a second 0% card if you read through this thread.

[tchai]

Wow the 0% Citi card is still running
My 1 year 0% went from 19 June 2006 - 18 June 2007
I paid off the last bit of the money around 10 June 2007 to make sure I don't get into trouble

I made like $800 payments every month through out the last 6 months and a lump sump from my LoC on 10 June 2007.

So, I guess I have to grab the MBNA card now for 0% for 12 months (plus 1% transaction fee)

[Ratzilla]

can someone explain what balance transfers are? and how the interest works?

[st7860]

0% interest for 1 year. so that means if you borrow $5000 you just make about $120 in minimum payments every month for 1 year, but then you pay no interest.

if you don't need to borrow any money, you could borrow the $5000, and deposit it in a Presidents Choice Financial 4% savings account, or a Term Deposit or whatever.

citibank can 'pay' the money at % interest into any credit card as a bill payment, or deposit it into any bank account as an electronic deposit.

[Ratzilla]

can i take out the cash with 0% interest?

[engo]

can i take out the cash with 0% interest?

Yes, you can.

Just write a cheque to yourself when you receive the cash transfer cheque from citibank.

[mikey411]

i got this last year and I have paid it off since..

can I cancel my current citibank mastercard and then reapply to this right away? :D

[Ratzilla]

can i still get it if i apply now?

[tkyoshi]

i got this last year and I have paid it off since..

can I cancel my current citibank mastercard and then reapply to this right away? :D

If you read through the last few pages you will notice you can try, but they seem to be toughening up. Some people have gotten rejection letters.

[mikey411]

can i still get it if i apply now?

yes you may :)

[mikey411]

If you read through the last few pages you will notice you can try, but they seem to be toughening up. Some people have gotten rejection letters.

Thanks! :)
they even increased the limit on my card by another $3000... :)

[alanbrenton]

Thanks! :)
they even increased the limit on my card by another $3000... :)

How did you get them to increase the limit? Did you request for an increase upon receipt of the 0% BT credit card?

[Ratzilla]

i just applied for one and didnt put in the balance transfer right away (im an idiot)
if and when i get approved, how do i go about doing this?

[alanbrenton]

How did you get them to increase the limit? Did you request for an increase upon receipt of the 0% BT credit card?

Has anyone been successful in requesting for a credit limit increase for a new 0% BT credit card? Thanks.

[sexpuppet6000]

Ok i read through the first 20 pages of posts and am still unclear of what I must do.

How would I take out the money at 0% through citi and move it into my chequeing account?

[nanirina]

Ok i read through the first 20 pages of posts and am still unclear of what I must do.

How would I take out the money at 0% through citi and move it into my chequeing account?

you just tell them to wire you the money.

[sexpuppet6000]

you just tell them to wire you the money.

ok thanks. lol

[wilson881]

Has anyone been successful in requesting for a credit limit increase for a new 0% BT credit card? Thanks.

I'd like to know too, I just received the card, and I won't activate it with the current limit given to me..

[shitbrick]

just applied for the citibank using g76 code, hopefully i get accepted since I owe so much.

[Madwand]

Just got my card with a $14,700 limit. Finally they realize I need something better than $3800 which they gave me the last time. My financial circumstances have not changed. Beacon in 700's and never had a late payment once.

[sexpuppet6000]

received my card today. 9,100 dollars credit and im 20 :D

anyways. i asked to have them transfer that amount to my chequing account, but they say that the 0% thing hasn't been offered to my account and that i need to wait a week before doing anything like that.

just a heads up.

[ludhi]

how long did it take for you guys to receive it after applying?
Thanks

[sw1ft]

how long did it take for you guys to receive it after applying?
ThanksApplied June 28; received July 6.

[Madwand]

Applied June 28; received July 6.

Mine was quite similar. I had to wait 2 business days until the promo code was on my account. I transferred the $14,700 to my personal account at TD.

[ezjob]

Mine was quite similar. I had to wait 2 business days until the promo code was on my account. I transferred the $14,700 to my personal account at TD.

do they charge you 1% fee for the transfer from credit card to your cheque account? i remember this transfer is considered as cash advance:?:

[Madwand]

do they charge you 1% fee for the transfer from credit card to your cheque account? i remember this transfer is considered as cash advance:?:

No extra charges, no interest too! :)

[sexpuppet6000]

i spoke to 3 reps

1 of them knew what she was talking about but didn't sound pleasant

1 of them made me want to find her and kill her

1 of them was good

[tallshorty111]

Can I also get in on this promotion with the Citi Driver's Edge credit cards?

[alanbrenton]

Can I also get in on this promotion with the Citi Driver's Edge credit cards?

You can switch over to Citi Driver's Edge after May 2008, when the promotion ends. You wouldn't want to use the credit card when you have cashed in your 0% BT cheques as your monthly payments will be first applied against purchases/cash advances at lower interest rates. This means your purchases on the card at 18.5% or so will remain on your account and will accrue interest. This additional interest cost will offset the 2% credit you make on your purchases.

You can have this and apply for the Citi Driver's Edge in the coming months. I think you will have to wait for 6 months to apply for another card at Citi.

[tallshorty111]

You can switch over to Citi Driver's Edge after May 2008, when the promotion ends. You wouldn't want to use the credit card when you have cashed in your 0% BT cheques as your monthly payments will be first applied against purchases/cash advances at lower interest rates. This means your purchases on the card at 18.5% or so will remain on your account and will accrue interest. This additional interest cost will offset the 2% credit you make on your purchases.

You can have this and apply for the Citi Driver's Edge in the coming months. I think you will have to wait for 6 months to apply for another card at Citi.

So the promotion in a few months will also work with the Citi Driver's Edge? How solid is this information?

[alanbrenton]

Can I actually overpay into my citibank 0% balance transfer credit card and then write a cheque for the credit limit plus the amount of overpayment?

The reason why I'm doing so is that for RBC's 3.99% rate credit card, I can only pay into a financial institution (designated RBC payee) and not to an individual through online banking.

Thanks.

[alanbrenton]

So the promotion in a few months will also work with the Citi Driver's Edge? How solid is this information?

No. What I meant was that you can have a driver's edge and a 0% BT card at the same time. I was informing the poster that it isn't even advisable for him to use the 0% BT card as he will be paying 18.5% for all his purchases until such time when he has paid down the original 0% BT.

0% BT card should be used for the transfer and kept locked up safe somewhere until the time the entire remaining balance should be paid off.

As an aside,

Can I actually overpay into my citibank 0% balance transfer credit card and then write a cheque for the credit limit plus the amount of overpayment?

The reason why I'm doing so is that for RBC's 3.99% rate credit card, I can only pay into a financial institution (designated RBC payee) and not to an individual through online banking.

Thanks.

[herbie08]

The page said the promo ended June 15th, is it still valid. The g76 code still works, can someone confirm.

Thanks.

[neilathome]

i applied for this card at the end of june and recieved with the promo rate

additionally .... anyone who doesent need this product should considder it any ways and take the money and put it into an ICICI Bank account and MAKE 4.5% interest on hte money !!!

Yay Free money

[leta01]

i applied for this card at the end of june and recieved with the promo rate

additionally .... anyone who doesent need this product should considder it any ways and take the money and put it into an ICICI Bank account and MAKE 4.5% interest on hte money !!!

Yay Free money

Don't forget you have to pay taxes on the interest earned.

[herbie08]

i applied for this card at the end of june and recieved with the promo rate

additionally .... anyone who doesent need this product should considder it any ways and take the money and put it into an ICICI Bank account and MAKE 4.5% interest on hte money !!!

Yay Free money

Thanks, I hope it still not too late!

[shitbrick]

applied 2 weeks ago over the net, got my card in the mail but only $2600 limit :evil: should I call the csr and ask for a limit increase or am i wasting my time?

[tkyoshi]

applied 2 weeks ago over the net, got my card in the mail but only $2600 limit :evil: should I call the csr and ask for a limit increase or am i wasting my time?

Wasting your time, you have to wait 6 months before you can apply for a CLI.

[bubble.tea]

So after being denied for my 2nd Gold 0%, I called and cancelled it, simulataneously asking for my application to be resent.

Unfortunately, they wouldn't amalgamate my approved credit, and I ended up with LESS than I originally had...perhaps I should stop doing these year in year out lmao.

Oh well. Got approved a week later, and the rest is history.

[pei_boy]

Wasting your time, you have to wait 6 months before you can apply for a CLI.


They sent me one with far less than I wanted and I called and told them to close it as it was of no use to me. They gladly upped it on the spot to the desired level (5x what I was approved for the 1st time).

[tkyoshi]

They sent me one with far less than I wanted and I called and told them to close it as it was of no use to me. They gladly upped it on the spot to the desired level (5x what I was approved for the 1st time).

Well this is like a special case, generally Citibank doesn't do this. You probably got a nice rep who had credit granting powers.

Citibank is also one of the companies that don't usually let you talk to their credit department.

[sassysue]

so i called today i applied last week and got a credit limit of 5,000 and i was asking about the 0% interest thing and they told me that they gotta wait till next week to see if was accepted for that program and he doesn't no much about the 0% interest thing so was it over or should i wait and see? if i never got accepted for the 0% interest thing i will just cancel it!

[bubble.tea]

Well this is like a special case, generally Citibank doesn't do this. You probably got a nice rep who had credit granting powers.

Citibank is also one of the companies that don't usually let you talk to their credit department.

I also have a little difficulty in understand how this happened. Reps can't grant FIVE TIMES the original balance on a whim. It would appear you were speaking to the right person in the right department MOST fortuitously..but still Isn't Credit FIXED...they can't just on-a-whim increase it to X or Y dollars, because the customer asked for it:confused: :confused:

[shitbrick]

hmm I won't bother calling them to up my limit. was hoping to get atleast 3800. If I took took out lets say.....$2500, how much would my monthly payments be? anyone have a rough estimate?

[bubble.tea]

hmm I won't bother calling them to up my limit. was hoping to get atleast 3800. If I took took out lets say.....$2500, how much would my monthly payments be? anyone have a rough estimate?

#1, how in HEAVEN'S name is your username even allowed lolz.
#2, just read the T&C of Citi Cards, and you'll discover how the minimum payment is calculated. You will know EXACTLY how much your min payments will be.

[ItemFinder]

#1, how in HEAVEN'S name is your username even allowed lolz.
#2, just read the T&C of Citi Cards, and you'll discover how the minimum payment is calculated. You will know EXACTLY how much your min payments will be.
Why do you have to be difficult? The minimum payment is 2.1%

[engo]

#1, how in HEAVEN'S name is your username even allowed lolz.
#2, just read the T&C of Citi Cards, and you'll discover how the minimum payment is calculated. You will know EXACTLY how much your min payments will be.

Be nice to new comer ... :lol: :lol:

[wild]

got mine today... i applied on the 11th.. 0% balance transfer is still valid :D

[ziploc]

I called citi bank today and they told me with only checking my postal code that I don't qualify for they 0% offer...they offered my 5.9% for 6 months...
They told me that the 0% offer was only for people who recived a postal invitation

[bubble.tea]

Why do you have to be difficult? ...
Pardon, but I think shitbrick is well able to defend himself/herself if felt needed be. Why must you stick your nose in their business?

I wasn't being difficult. Just an honest, reaction to a word that as I used it should be censored...but isn't lol.
Be nice to new comer ... :lol: :lol:

I'm nice!!! :)

[bubble.tea]

whoa.

**** isn't censored? since when?

lmao.:confused:

oh...I see what's happening, I think an admin needs to tweak the filter lolz...I guess this was never experienced prior so no adjustment to the default filter was needed prior :lol:.

[tkyoshi]

I also have a little difficulty in understand how this happened. Reps can't grant FIVE TIMES the original balance on a whim. It would appear you were speaking to the right person in the right department MOST fortuitously..but still Isn't Credit FIXED...they can't just on-a-whim increase it to X or Y dollars, because the customer asked for it:confused: :confused:

You are correct for the increase. I also find it weird they would increase it 5x on the spot for a "new customer".

[fly]

got mine today... i applied on the 11th.. 0% balance transfer is still valid :D

According to the Terms and Conditions:
Your completed Application, and each Balance Transfer request, must be received by June 15, 2007, to qualify for
this balance transfer offer.

Did you confirm the rate with a CSR or just assumed that because you were able to apply for the card using that code that the rate is valid?

[imoo2u]

Did any one notice the print at the bottom the Citibank CC statement under Interest Charge Information ?

Here it goes:

Promotinal offer> daily balance amount> Annual Rate> Daily Rate> Effective date.

The effective date is the date when you do BT and if you do not pay in full by the end of the promotion (12 mths), you get interest charges for the amount from the effective date.
For example:
1st Feb 2007 BT $1000 @0% = effective date 1st Feb 2007
Then, 31st Jan 2008 is the date to fully pay the balance, say $500. If not, then $500 is being charged for interest from 1st Feb 2007 at prevailing rate18.5%

Am I right? If so, better pay in full before expiry date.

[shitbrick]

lol yeah i just read all the paperwork and I calculated it.

[wild]

According to the Terms and Conditions:
Your completed Application, and each Balance Transfer request, must be received by June 15, 2007, to qualify for
this balance transfer offer.

Did you confirm the rate with a CSR or just assumed that because you were able to apply for the card using that code that the rate is valid?

the rate was confirmed with a csr, and confirmed with a manager

then re-confirmed by calling the card from where the balance is being transfered and asking if they have received a request to transfer

so yes, i verified it 3 times

[smokie]

I saw one of these before (from MBNA) - and I applied and they gave me a $500 limit!!!! Holy cow - what am I going to do with all that money.

It wouldn't be worth it to me unless they are giving at least $5K limits.

I have annual income around $40K, and clean credit.

Any experiences that anyone can relate would be appreciated...

Thanks

[bubble.tea]

I saw one of these before (from MBNA) - and I applied and they gave me a $500 limit!!!! Holy cow - what am I going to do with all that money.

It wouldn't be worth it to me unless they are giving at least $5K limits.

I have annual income around $40K, and clean credit.

Any experiences that anyone can relate would be appreciated...

Thanks

then you have a LOT more going on in your life than an income and clean credit if they just gave you $500. lmao. Out of curiosity...HOW MUCH did you apply for???

[leseuldaniel]

then you have a LOT more going on in your life than an income and clean credit if they just gave you $500. lmao. Out of curiosity...HOW MUCH did you apply for???

CC guys are just incompetent sometimes. In my case, they initially made a mistake and registered me as a student. Got 500$. Called them, they admitted their mistake but could do nothing to change things for 6 months! Talk about incompetence. I cancelled, waited 6 months (nothing really changed in my situation), reapplyed and boom, got well over 10X that amount. Go figure.

But I do not mean that all cases are the same. However, if you credit score is high, if you have decent income and not too many debts (acutal or potential), there is no reason in this time and age of ultra-capitalism that one should only get 500$ limit.

[tkyoshi]

CC guys are just incompetent sometimes. In my case, they initially made a mistake and registered me as a student. Got 500$. Called them, they admitted their mistake but could do nothing to change things for 6 months! Talk about incompetence. I cancelled, waited 6 months (nothing really changed in my situation), reapplyed and boom, got well over 10X that amount. Go figure.

But I do not mean that all cases are the same. However, if you credit score is high, if you have decent income and not too many debts (acutal or potential), there is no reason in this time and age of ultra-capitalism that one should only get 500$ limit.

Sometimes they pull up the wrong credit report which can happen when you don't provide your SIN. That person may have little/no credit history or bad credit causing you to get a crappy limit.

[nobody1234]

They sent me one with far less than I wanted and I called and told them to close it as it was of no use to me. They gladly upped it on the spot to the desired level (5x what I was approved for the 1st time).

I can also confirm a CL increase:
I applied for the zero percent offer after it had 'expired' and still recieved it (confirmed several times with CSRs on the phone).
Recieved the Gold card with a $2500 limit. I called the normal Citi CSRs, confirmed again that I was on zero percent, then asked about the possibility of a credit limit increase, indicating that I wanted to do a balance transfer from a high limit card, and with the current limit, this gold card was almost useless to me. The CSR said they would take the request and forward it to the appropriate department and I could call back in a few days. Before I ever checked back, I was contacted by someone from Citi Credit department who took the details they needed to consider my request for a CL increase, and also asked how much I wanted. I stated $10000 as it was the first reasonable number that popped into my head. He said they would see what they could do; also if they weren't able to increase it, I would probably be able to decrease the limit on my existing Citi card and transfer it to this card no problem. I checked yesterday and the CL on the gold card had been increased to $10000. Now I wish I had said a higher number :) I also considered calling back and asking them now to transfer some of my limit from my other Citi card to this zero percent transfer card, but I think that would be pushing it since I just got the limit.
Any ideas, can I somehow hurt myself by being greedy?

[tkyoshi]

I can also confirm a CL increase:
I applied for the zero percent offer after it had 'expired' and still recieved it (confirmed several times with CSRs on the phone).
Recieved the Gold card with a $2500 limit. I called the normal Citi CSRs, confirmed again that I was on zero percent, then asked about the possibility of a credit limit increase, indicating that I wanted to do a balance transfer from a high limit card, and with the current limit, this gold card was almost useless to me. The CSR said they would take the request and forward it to the appropriate department and I could call back in a few days. Before I ever checked back, I was contacted by someone from Citi Credit department who took the details they needed to consider my request for a CL increase, and also asked how much I wanted. I stated $10000 as it was the first reasonable number that popped into my head. He said they would see what they could do; also if they weren't able to increase it, I would probably be able to decrease the limit on my existing Citi card and transfer it to this card no problem. I checked yesterday and the CL on the gold card had been increased to $10000. Now I wish I had said a higher number :) I also considered calling back and asking them now to transfer some of my limit from my other Citi card to this zero percent transfer card, but I think that would be pushing it since I just got the limit.
Any ideas, can I somehow hurt myself by being greedy?


Give it a try and let us know. So far no one has been successful in getting Citi to reallocate from one card to another. Maybe you will be the first :razz:

It seems that Citi is loosening up, probably cause of their poor performance last year.

[boo4842]

Did any one notice the print at the bottom the Citibank CC statement under Interest Charge Information ?

Here it goes:

Promotinal offer> daily balance amount> Annual Rate> Daily Rate> Effective date.

The effective date is the date when you do BT and if you do not pay in full by the end of the promotion (12 mths), you get interest charges for the amount from the effective date.
For example:
1st Feb 2007 BT $1000 @0% = effective date 1st Feb 2007
Then, 31st Jan 2008 is the date to fully pay the balance, say $500. If not, then $500 is being charged for interest from 1st Feb 2007 at prevailing rate18.5%

Am I right? If so, better pay in full before expiry date.

I looked at it, and you are incorrect. The rate is 0% it does not change until the end of the promotion or you miss a payment. So if you had a 10k balance and paid the min pmts and it was 9k at the end of the promotional period you would be charged the prevailing rate on the 9k at the ending date of the promotion.

This is different from say future shop or the brick which states 'no interest' 'no payments' etc. In this case the interest is DEFERRED until the end of the promotion period if the balance is not paid. THe effective rate is say 21% for the entire term but it is defferred for 12 months (ie you don't pay for a year) and is waived if you pay off the balance.

With the citi deal the effective rate is 0%, nothing is deferred and there is no change until the end of the promotion. THere can be no retroactive application of interest payments because the prevailing rate was 0%.

[nobody1234]

I also have a little difficulty in understand how this happened...but still Isn't Credit FIXED...they can't just on-a-whim increase it to X or Y dollars, because the customer asked for it:confused: :confused:

YMMV but definately mention that you want the CL increase in order to do a balance transfer. I don't know the policy for Citi, but a PCF rep flat out told me the only way they could consider an increase within the first six months was for the purpose of a balance transfer.

[nobody1234]

Give it a try and let us know. So far no one has been successful in getting Citi to reallocate from one card to another. Maybe you will be the first :razz:

It seems that Citi is loosening up, probably cause of their poor performance last year.

When I spoke to the guy in the credit department, he made it seem like it would be no problem re-allocating the credit instead of trying the increase. I might still have his number written down at work. I will try to call him direct tomorrow to bypass the CSRs and see how it goes, will let you know :)

[jjred]

so i called today i applied last week and got a credit limit of 5,000 and i was asking about the 0% interest thing and they told me that they gotta wait till next week to see if was accepted for that program and he doesn't no much about the 0% interest thing so was it over or should i wait and see? if i never got accepted for the 0% interest thing i will just cancel it!



Question for those who got the 0% interest.... Did you get some notes with regards to this 0% interest when you received the credit card or did Citi send you at a later stage the cheques or notes to that effect...

[neos]

I applied for the 0% card last week, and got this in the mail today:


Thank you for your recent application for a Citi MC account.....

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 MC Account.


I DO already have a Platinum MC with Citibank. What does that have to do with applying for the Gold card :confused:

[tkyoshi]

I applied for the 0% card last week, and got this in the mail today:





I DO already have a Platinum MC with Citibank. What does that have to with applying for the Gold card :confused:

Technically or Apparently you are only allowed to have one Citi M/C. Therefore they know you have another account with them and they don't want to give you another card.
You can try again after awhile or fudge the application a bit ;) meaning intead of printing something like "Apartment 502" write "Apt. 502".

On the other hand because this 0% is for new customers really, and they already have your business that's why you got that letter.

I got the same letter when i tried for the 0% offer (already had PP M/C), but when I applied for another card (no offer) they sent it to me.

[woodstock827]

I just got my 0% BT to my bank account.
Got a call from Citi last week telling me they can't directly BT to my Line of Credit, so they BT to my chequing instead and I can transfer to my LoC myself.

kinda suck I only got less than $5000 credit though. Probably because I got a high LoC limit. Can't even pay for half my Loan >:(

[Diskdoctor]

Question for those who got the 0% interest.... Did you get some notes with regards to this 0% interest when you received the credit card or did Citi send you at a later stage the cheques or notes to that effect...

I got my card last week (finally) but there was nothing about the 0% promotion so I called them and they said yes I qualified and should receive a welcome package including balance transfer cheques in about a week's time. I don't remember that from last time.

[basketball]

I have a question...What happen if you ask for $10000, but they reject you (based on your credit rating)? Would that go as rejected credit in your credit history? Will citibank automatically give you a new credit limit (below 10000) once they reject you? I don't want to ruin my credit by asking for too much...(let's say 20000..:P)

p.s - Can I just transfer (pay)the money to my PC chequing account?

Also, will there be minimum payments if I only use the card for balance transfer? (so few posts mention that we have to continue to pay min. payment, but where is this coming from?)

[SkeptiKal12]

I have a question...What happen if you ask for $10000, but they reject you (based on your credit rating)? Would that go as rejected credit in your credit history? Will citibank automatically give you a new credit limit (below 10000) once they reject you? I don't want to ruin my credit by asking for too much...(let's say 20000..:P)

p.s - Can I just transfer (pay)the money to my PC chequing account?

Also, will there be minimum payments if I only use the card for balance transfer? (so few posts mention that we have to continue to pay min. payment, but where is this coming from?)

Not sure about your credit rating, maybe someone can answer that better.

You can transfer your entire balance to a chequing account, just need to call them and give them your bank info.

There are minimum monthly payments, I think they are 2% of you total borrowed balance.

[zander]

I have a question...What happen if you ask for $10000, but they reject you (based on your credit rating)? Would that go as rejected credit in your credit history? Will citibank automatically give you a new credit limit (below 10000) once they reject you? I don't want to ruin my credit by asking for too much...(let's say 20000..:P)

Your credit bureau files do not show rejections, they just show inquiries, otherwise known as hard pulls. Since it is best to have as few hards as possible on your file, it is best to capitalise on those pulls by having them result in approvals. So, if for every hard you have ended up with a new trading line with a good limit, that would be considered a pull well spent. If a hard results in a denial, the pull still shows as only an inquiry, but is considered wasted.

You can always check on your running total at any given time by pulling your own credit (which results in a soft pull and does not affect your credit rating regardless how much you pull your file). Be sure to pull both Equifax and TransUnion. You can do so free once a year in person or by mail, or as many times you wish for a fee online.

[buzzerk]

just got the call and the balance transfer is set up at 0% for next week. I thank you very much for all the great info. great work people!

[can2000]

any new code for now?

The old code works but 0% BT rate only applies to next May.

thanks

[bubble.tea]

Well., after getting my initial BT 0% going at full credit, I decided to try to move over 40% of my limit from my daily use Citi to my Gold. The application was sent off today. Let's hope for the best. Too bad for the 'extra' credit hit for this purpose.

The rep 'assured me' that both BTs will remain at 0%..I told him this was CRITICAL to me accepting to do this....he also said if you were to buy something on a CC that had a 0% CC the initial BT at 0% would REMAIN at 0% :rolleyes:. He said he was 100% certain of that....didn't we establish that you would in fact lose the 0%????

[tkyoshi]

Well., after getting my initial BT 0% going at full credit, I decided to try to move over 40% of my limit from my daily use Citi to my Gold. The application was sent off today. Let's hope for the best. Too bad for the 'extra' credit hit for this purpose.

The rep 'assured me' that both BTs will remain at 0%..I told him this was CRITICAL to me accepting to do this....he also said if you were to buy something on a CC that had a 0% CC the initial BT at 0% would REMAIN at 0% :rolleyes:. He said he was 100% certain of that....didn't we establish that you would in fact lose the 0%????

So were you actually able to do a credit re-allocation? I would like to know because that's what I've been trying to do with them however they are pretty firm in not allowing this.

You don't actually loose the 0% if you use the card. The BT remains at 0% but your new purchases start to accumulate interest right away at the normal rate (19.9%?). When you try to pay it off, the money will go towards the 0% BT offer first, so you will basically have to pay off the whole 0% BT to stop paying interest on your purchases.

[patrob]

I just successfully re-located my full $10,000 limit on my MBNA card that I just paid off to my new MBNA with 0%:twisted: that I received last month :D The CSR suggested I just cancel the old card, since no point leaving $500 there...

Has anyone who had a CITI card with 0% used it, paid it off, canceled & re-applied few months later for another 0%:?:

[bubble.tea]

So were you actually able to do a credit re-allocation? I would like to know because that's what I've been trying to do with them however they are pretty firm in not allowing this.

You don't actually loose the 0% if you use the card. The BT remains at 0% but your new purchases start to accumulate interest right away at the normal rate (19.9%?). When you try to pay it off, the money will go towards the 0% BT offer first, so you will basically have to pay off the whole 0% BT to stop paying interest on your purchases.

THAT'S MY POINT!!!!! Whichever way you look at it, you can't use the CC after a BT...which is why I'm skeptical that doing a SECOND BT will avoid that scenario????

any firsthand experience?

I have't done this yet...in the process.

[tkyoshi]

THAT'S MY POINT!!!!! Whichever way you look at it, you can't use the CC after a BT...which is why I'm skeptical that doing a SECOND BT will avoid that scenario????

any firsthand experience?

I have't done this yet...in the process.

As long as the promo code is applied to your account any subsequent BT *should* be at 0%. But the key is the promo must still be on your account. I know with MBNA the code is applied for the duration of the promo, so if you do a BT 6 months down the road, you still get 0% for the remaining term (you still have to pay the BT fee though).

The expiry date should be the same as the original one. Now if you have two different promo's running on the same account (is that even possible?) then that is probably a different story.

[Diskdoctor]

Has anyone who had a CITI card with 0% used it, paid it off, canceled & re-applied few months later for another 0%:?:

It took a while for my second card to get final approval but I have done just that. I paid off my first card in February or March, then canceled it in May and a few weeks later applied for a new one. I had to send a pay stub to confirm my salary but the card was approved and I finally got the 0% BT cheques last week.

[patrob]

It took a while for my second card to get final approval but I have done just that. I paid off my first card in February or March, then canceled it in May and a few weeks later applied for a new one. I had to send a pay stub to confirm my salary but the card was approved and I finally got the 0% BT cheques last week.

That's good news...Thanks...:)

I guess I know what to do now...:twisted:

[thedonald]

I have some more codes for everyone. Nothing special, just a bunch of different ones:

May 08 - English
A72
D74
P78
Q72
V75
W72
X77
Y76
Z79

May 08 - French
L75
S77

Feb 08 - English
R74

Enjoy!

--TheDonald

[TO_SH]

If I apply now using a May 2008 code, do I start paying interest after the May 2008 statement date or one year after my BT begins?

[TorontoEh]

hey guys, also, i have a rbc avion card, and this month received several checks with special promo rate of 1.9%!!!! thats a great rate, no catches, im already taking use of this special....

usually they send you generic 2.99% ones but this month, check your statements if you have the avion card.

[bubble.tea]

....I haven't done this yet...in the process.
Yay!!!! SUCCESS!!!!!!!! although they only consolidated 80% of what I requested them to do...oh well...still enough :D.

hey guys....... with special promo rate of 1.9%!!!! thats a great rate,.............

are you mad:confused: :eek:

[TorontoEh]

Yay!!!! SUCCESS!!!!!!!! although they only consolidated 80% of what I requested them to do...oh well...still enough :D.



are you mad:confused: :eek:

whats wrong with that? I've already used the CITI offer, and rbc offered this rate, so i had to use this for TD GIC account :) 3.15% or something.....for 3 months for the IPOD Offer.....


????

[bubble.tea]

......... i had to use this for TD GIC account :) 3.15% or something.....for 3 months for the IPOD Offer.....


????
lmao...the lengths we seem to go to save 1% or whatever it isyou're getting...notwithstanding IPOD gimme ;)....aiight., 'way-to-go :lol:'

[TorontoEh]

lmao...the lengths we seem to go to save 1% or whatever it isyou're getting...notwithstanding IPOD gimme ;)....aiight., 'way-to-go :lol:'

exactly ;-) i dont care about the 1% im earning in GIC, its for the 30 GIG Video i want and had to get somehow 5K...lol....

will definitely pay off 1.9% in 3 months or less.... its the RFD Gordon rule..lol

[bubble.tea]

exactly ;-) i dont care about the 1% im earning in GIC, its for the 30 GIG Video i want and had to get somehow 5K...lol....

will definitely pay off 1.9% in 3 months or less.... its the RFD Gordon rule..lol

hmmmmmnow that my ears are all perked....can you crash course me through this?

I happen to have 5K available for just such a venture...lemme in on the ploy?

[flito ray]

It took a while for my second card to get final approval but I have done just that. I paid off my first card in February or March, then canceled it in May and a few weeks later applied for a new one. I had to send a pay stub to confirm my salary but the card was approved and I finally got the 0% BT cheques last week.

be careful your credit rating takes a huge hit when you cancel a credit card.
when i call to cancel they offer to extend the 0% offer for me for another year with higher balance limit.

[sckor]

Looks like there is another updated 1 year 0% interest deal from CITI. A "special deal" for Rogers customers:
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=R7B

According to the details, the card can be applied for anytime before October 15th.

Enjoy! :cheesygri

Sean.

[zander]

be careful your credit rating takes a huge hit when you cancel a credit card.
Not true in Diskdoctor's case. Judging from his post, the card was only a year old and canceling a card that young would hardly cause a blip on your credit report. Canceling a very mature card, on the other hand, one which you'd held for ten years for instance, that's another story. It's the age that matters more than anything else.

[flito ray]

Looks like there is another updated 1 year 0% interest deal from CITI. A "special deal" for Rogers customers:
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=R7B

According to the details, the card can be applied for anytime before October 15th.

Enjoy! :cheesygri

Sean.

anhone apply for this card even though you already have a citi mastercard? anyone!?

[wiebecj]

Looks sweet! I'm gonna have to try out the rogers deal :-)

[konfusion666]

can someone post as to what exactly happens when it gets really close to your 1 year 0% BT expiration date? for example, if my 1 year expires at Oct. 17 -- that doesn't match up exactly with my statement dates, so do i get a "special" statement sometime in September?

[640m]

Slightly OT, but what are people investing in?

640m

[recordman]

a 1Y GIC.

Slightly OT, but what are people investing in?

640m

[b0ne]

can someone post as to what exactly happens when it gets really close to your 1 year 0% BT expiration date? for example, if my 1 year expires at Oct. 17 -- that doesn't match up exactly with my statement dates, so do i get a "special" statement sometime in September?

nothing happens, it's to their advantage for you to forget. :)

[theresa4444]

can someone post as to what exactly happens when it gets really close to your 1 year 0% BT expiration date? for example, if my 1 year expires at Oct. 17 -- that doesn't match up exactly with my statement dates, so do i get a "special" statement sometime in September?

bOne is right..it's to their advantage that you forget.

Here's how it was explained to me -At midnight on the statement date of deal's expiry, your promotional rate will automatically change in their computer from 0% to the regular rate (18+%?). To be safe, if I was you, I would call the credit card company 2 or 3 different times before then and get the exact, definite date. I was also told I wouldn't get any special statements because technically the entire amount doesn't "have to" be paid off-it just starts to acrue a higher interest rate. Hope this helps :razz:

[flito ray]

bOne is right..it's to their advantage that you forget.

Here's how it was explained to me -At midnight on the statement date of deal's expiry, your promotional rate will automatically change in their computer from 0% to the regular rate (18+%?). To be safe, if I was you, I would call the credit card company 2 or 3 different times before then and get the exact, definite date. I was also told I wouldn't get any special statements because technically the entire amount doesn't "have to" be paid off-it just starts to acrue a higher interest rate. Hope this helps :razz:

problem is statement date is almost never date that you receive statement in mail.

better to pay off complete one month b4.

[patrob]

can someone post as to what exactly happens when it gets really close to your 1 year 0% BT expiration date? for example, if my 1 year expires at Oct. 17 -- that doesn't match up exactly with my statement dates, so do i get a "special" statement sometime in September?

I suggest you call the credit company & ask when your promotional offer is ending....the exact date:!: Then about 1-2 weeks before you just pay off the remaining balance...so you don't get hit with the high % charges.

The credit company will not send you reminders....it's your responsibility to find out when the 0% promotion is ending ;)

[mcbg1]

anhone apply for this card even though you already have a citi mastercard? anyone!?

Yeah does anyone know if you can apply for that card even if you already have a city mastercard from them?

[bubble.tea]

you can't have MORE THAN one Gold. I have x1 Gold x1 another Card.


I HAD another Gold prior and couldn't do JACK SQUAT. So I cancelled it, and applied again...sigh...how stupid these people are NOT to simply carry over the ALREADY APPROVED FOR CREDIT....hehe ok ok they're not stupid, obviously they don't want people to churn their way through decades of 0% BTs :lol:.

[MrDisco]

so let me see if i understand this..

-i apply for the card using the link post a few posts back.
-if i qualify, i will receive a special rate of 0% for 12 months on money transfers
-once I receive the card, a BT kit will arrive shortly after. i use the special cheques included and deposit close to the max of my credit limit to (ie) PCFS
-each month i pay the min. monthly balance; a few weeks to 1 month before the end of the year I pay of the remainder of the balance

Is that it? Are there fees to transfer the money out of the card? Any other fess, charges to be aware of? (aside from the much higher rate you get dinged with if you go past 12 months).

What does this do to your credit rating if you withdraw nearly all of your available credit out of the card?

[patrob]

-i apply for the card using the link post a few posts back.
-if i qualify, i will receive a special rate of 0% for 12 months on money transfers
-once I receive the card, a BT kit will arrive shortly after. i use the special cheques included and deposit close to the max of my credit limit to (ie) PCFS
-each month i pay the min. monthly balance; a few weeks to 1 month before the end of the year I pay of the remainder of the balance

Is that it? Are there fees to transfer the money out of the card? Any other fess, charges to be aware of? (aside from the much higher rate you get dinged with if you go past 12 months).



Yes...it's that easy. I paid my remaining balance 1 week before it was due...but you must know the exact date, so you don't miss it & get charged the regular % rate:!:

There are no other fees involved...

[bubble.tea]

..... & get charged the regular % rate:!: ..

RETROACTIVELY!!!!

[thedonald]

RETROACTIVELY!!!!

wait wait wait...Retroactively?? Are you sure??

That's ugly! :mad:

--TheDonald

[Atomic Chip]

problem is statement date is almost never date that you receive statement in mail.

Why is poblem?

[flito ray]

Why is poblem?

when you get statment it usually 1-2 days late and by then interest hs charged you 19.99 %

[sckor]

Citi was actually quite good the last time I applied for a 0% offer, in that they sent a letter which indicated *exactly* the date before which the promotional balance had to be paid back. That date also shows up on each monthly statement. This was in contrast to MBNA, who had absolutely no indication of when it needed to be paid back.

Also, you do not have to wait for the BT kit to arrive, you can have them do a direct deposit to a bank account over the phone.

As with all of these offers, once you get the card and do the transfer, put the card away and don't use it. If you do, you'll be screwed. Pay off the minimum payment every month, and make sure the balance is paid off in full before the promotional period expires. It's simple, but one mistake and the credit card company is the winner and not you.

Sean.

[TorontoEh]

Citi was actually quite good the last time I applied for a 0% offer, in that they sent a letter which indicated *exactly* the date before which the promotional balance had to be paid back. That date also shows up on each monthly statement. This was in contrast to MBNA, who had absolutely no indication of when it needed to be paid back.

Also, you do not have to wait for the BT kit to arrive, you can have them do a direct deposit to a bank account over the phone.

As with all of these offers, once you get the card and do the transfer, put the card away and don't use it. If you do, you'll be screwed. Pay off the minimum payment every month, and make sure the balance is paid off in full before the promotional period expires. It's simple, but one mistake and the credit card company is the winner and not you.

Sean.

Well Said!

[tkyoshi]

Citi was actually quite good the last time I applied for a 0% offer, in that they sent a letter which indicated *exactly* the date before which the promotional balance had to be paid back. That date also shows up on each monthly statement. This was in contrast to MBNA, who had absolutely no indication of when it needed to be paid back.

Also, you do not have to wait for the BT kit to arrive, you can have them do a direct deposit to a bank account over the phone.

As with all of these offers, once you get the card and do the transfer, put the card away and don't use it. If you do, you'll be screwed. Pay off the minimum payment every month, and make sure the balance is paid off in full before the promotional period expires. It's simple, but one mistake and the credit card company is the winner and not you.

Sean.

Actually MBNA states when it needs to be repaid back when you recieve the card.

[jasony001]

Some of them are 0%, some of them are 0.9%

Be aware of two traps on balance transfer (all credit cards are the same):
1. Any payments apply to lower interest first. Which means if you transfer $10000, and spend $200, you will be charged 18% on the $200 until you pay off the $10200.
2. The interest is accumulated from day one. Which means that if you have a $10000 credit limit, and you use up this credit limit on balance transfer, on the second day, your balance will be over the limit, and you will be charged for a $20 over limit fee.

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=c7Z
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7a
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7b
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7c
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7d
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7e
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7f
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7g
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7h
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7j
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7k
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7l
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7m
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7n
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7p
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7q
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7r
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7s
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7t
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7u
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7v
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7w
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7x
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7y
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7z
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7A
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7B
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7C
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7D
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7E
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7F
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7G
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7H
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7J
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7K
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7L
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7M
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7N
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7P
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7Q
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7R
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7S
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7T
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7U
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7V
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7W
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7X
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7Y
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7Z
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7a
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7b
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7c
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7d
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7A
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7B
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7C
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=e7D
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=go1
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=gO1

[MrDisco]

1. Any payments apply to lower interest first. Which means if you transfer $10000, and spend $200, you will be charged 18% on the $200 until you pay off the $10200.


but if you don't use the card you're ok right?


2. The interest is accumulated from day one. Which means that if you have a $10000 credit limit, and you use up this credit limit on balance transfer, on the second day, your balance will be over the limit, and you will be charged for a $20 over limit fee.


but if we're at 0% this doesn't apply right?

how much can someone realistically make doing this? $400?

edit: should also be very careful which 0% offer you sign up for. Some of them have this added:
""Promotional Transfer Cheque" and will be subject to a balance transfer fee of 1% of the amount transferred, as provided for in the Citibank MasterCard Cardmember Agreement Rate Schedule. This fee is added to the principal amount of each transfer cheque. The Promotional Transfer Cheque Fee is reduced to 1% for this offer."
ie:
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=c7Z
VS
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=d7a

edit: even the 'important info' pdfs differ between the the two

[konfusion666]

how much can someone realistically make doing this? $400?

Yes, that's about how much I made. And my first year is ending in about a month.

During that whole time I never ordered a credit report though, so I don't know the impact on my credit score. Since I'm thinking of buying property I'll probably stay away from this "technique" for a bit until I'm sure of a non-impact to credit rating.

[ricedion]

looks like the rogers 0% offer has 1.5% balance transfer fee??

[bonzo]

looks like the rogers 0% offer has 1.5% balance transfer fee??


Is this correct? I just signed up through that offer.

[ricedion]

Is this correct? I just signed up through that offer.

better ask when you do the BT over the phone with the CSR

[640m]

looks like the rogers 0% offer has 1.5% balance transfer fee??

I called CITI Financial and the CSR said you won't know if there is a 1.5% balance transfer fee until you are approved and they send out the BT kit. I said I applied for the 0% BT CC and she said it doesn't matter. The CC limit and BT fee % (if any) is assessed for each person based on the financial information they submit. Come on lucky zero!

[patrob]

I called CITI Financial and the CSR said you won't know if there is a 1.5% balance transfer fee until you are approved and they send out the BT kit. I said I applied for the 0% BT CC and she said it doesn't matter. The CC limit and BT fee % (if any) is assessed for each person based on the financial information they submit. Come on lucky zero!

So is that mean they changed the rules for all the 0% cards now:?:

I went through 3 CITI credit cards with 0% BT fee's... They probably figured why not make some extra money after the RFD effect kicked in :D

[flito ray]

my friend forget to pay off his mastercard on time for 0% balance transfer it end and he is stuck with 1800 in interest payment

can u say ouch!!! he call to complain but they tell him he miss cut off date so he have to pay 1 year interest even he is one day late

[patrob]

my friend forget to pay off his mastercard on time for 0% balance transfer it end and he is stuck with 1800 in interest payment

can u say ouch!!! he call to complain but they tell him he miss cut off date so he have to pay 1 year interest even he is one day late

:eek: :eek:

So they charge the interest for the entire year? Wow...they are probably hoping for people to forget so they can collect all that $$ you were trying to save :D

[Specialized]

I called CITI Financial and the CSR said you won't know if there is a 1.5% balance transfer fee until you are approved and they send out the BT kit. I said I applied for the 0% BT CC and she said it doesn't matter. The CC limit and BT fee % (if any) is assessed for each person based on the financial information they submit. Come on lucky zero!

Did the previous 0% BT promotions mention the promotional transfer cheque fee of 1.50% in the PDF? Anybody have a copy of the old PDF and the fine print on the old promo webpage?

[bubble.tea]

my friend forget............... and he is stuck with 1800 in interest payment ........

OUCH!!!!!!

Thankfully I'm as paranoid as they come. I had about SIX reminders set EVERYWHERE I am. Online reminders, monthly, bi-weekly, and the to the DAY (with a 1 week buffer just in case) added. I made DAMN SURE I paid it off in time....shucks...$1800...WOW.

[lotusman]

For those that have never had one of these before, the 0% promotion BT start date is listed on every statement you get throughout the year, so there really is no excuse for forgetting when it's due. Simply add a year to that date and pay at least a couple days or more before then. It's not Citibank's responsibility to tell you (especially when they do tell you every statement) - in fact it's not in their interest to do so - that's how they make money on these promotions - those who forget.

A really good way to manage this payment is to set up a postdated payment through your online banking so you don't have to remember when it's due and won't be stuck with a ridiculous interest payment - sorry to hear about your friend's predicament.

[flito ray]

For those that have never had one of these before, the 0% promotion BT start date is listed on every statement you get throughout the year,

actually it isn't. at least not on my statement. it just shows that i'm on 0% it doesn't show when it start or end

[mmmken]

What?! I thought it was 0% for the whole year.. and if you have a balance after the year, they only start charging you the regular interest rate.. and not charging you the regular rate for the entire previous year?

[bubble.tea]

actually it isn't. at least not on my statement. it just shows that i'm on 0% it doesn't show when it start or end

This is correct. It shows this ONLY ON THE FIRST promo letter you get. Still no excuse to 'forget' your liability. How stupid could you possibly be.

[mcbg1]

My parents want to know something:

My dad got a gold card over a year ago with a 0% BT and he still has a balance left. Could my mom get a card in her name and do a balance transfer from my dad's card so that they can get another year to pay off their balance?

[Firestorm ZERO]

My parents want to know something:

My dad got a gold card over a year ago with a 0% BT and he still has a balance left. Could my mom get a card in her name and do a balance transfer from my dad's card so that they can get another year to pay off their balance?

As long as your dad's card is not a CITI card then it is fine. You can't transfer a balance from a CITI credit card to another CITI card.

[engo]

As long as your dad's card is not a CITI card then it is fine. You can't transfer a balance from a CITI credit card to another CITI card.

Mom can do a BT to her bank account and to pay off dad's card balance.

[Firestorm ZERO]

Mom can do a BT to her bank account and to pay off dad's card balance.

Yup forgot about that. That would work.

[ricedion]

What?! I thought it was 0% for the whole year.. and if you have a balance after the year, they only start charging you the regular interest rate.. and not charging you the regular rate for the entire previous year?

You still have the pay the minimum amount for each statement period. if you miss it for one statement, then they should start charging you at regular rate for the remaining balance. that's my understanding. not charging the guy for the entire previous year.

[flito ray]

What?! I thought it was 0% for the whole year.. and if you have a balance after the year, they only start charging you the regular interest rate.. and not charging you the regular rate for the entire previous year?

no. the balance is base on when you first took out the blanace

if you take out 7000 on sept 1, 2006 and now is sept 1, 2007 you have to pay interest on whole year

[woodstock827]

that only applies for missing payment though, right?

Like this deal expires in May 2008.. if I pay minimum on time every month until May 2008, they wouldn't slap me the whole year of interest if I still have a balance left, is that correct? But if I missed a payment, then the interest would start from the date I took out the money?

[wiebecj]

that only applies for missing payment though, right?

Like this deal expires in May 2008.. if I pay minimum on time every month until May 2008, they wouldn't slap me the whole year of interest if I still have a balance left, is that correct? But if I missed a payment, then the interest would start from the date I took out the money?

I hope that's how it works.... That's how i understood it!

If you have a balance left at the end of your 0% period, then you just start paying interest on the amount left, NOT the entire balance (as long as you always make your minimum payment on time)

[lotusman]

actually it isn't. at least not on my statement. it just shows that i'm on 0% it doesn't show when it start or end

Interesting - so along the bottom of your statement there is no section "Interest Charge Information"? In that section there should be a "Promotional Offer" line that lists your Average daily balance, Annual Interest Rate (0%), the Daily Rate (0%), and Effective Date at the end? Every statement I got over the year I had this had this on it. The Effective Date is when your 0% period started.

[mmmken]

I hope that's how it works.... That's how i understood it!

If you have a balance left at the end of your 0% period, then you just start paying interest on the amount left, NOT the entire balance (as long as you always make your minimum payment on time)

That's how I understood it to work.. It makes no sense to charge interest on the entire balance after the promotional period, or else people would just make a balance transfer to another card..

Unless you miss a payment (that I never have.. or will)..

[sckor]

Lotusman,

I took advantage of CITI and MBNA 0% offers.

Every CITI statement had exactly what you described. The MBNA statements do not... or rather, they list that there is a promotional balance, but there is no "effective" date listed, so they leave it up to you remember. I paid mine off extra early just to be sure.

Sean.

[st7860]

there's no transfer fee on this
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=c7Z

[Specialized]

there's no transfer fee on this
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=c7Z

If you look at the PDF in the Interest Rates and Related Information section it says: "Promotional Transfer Cheque Fee: Unless waived or reduced, 1.50% of the amount of each transfer cheque."

Did the old promo have this line in it too?

[bonzo]

If you look at the PDF in the Interest Rates and Related Information section it says: "Promotional Transfer Cheque Fee: Unless waived or reduced, 1.50% of the amount of each transfer cheque."

Did the old promo have this line in it too?

The Rogers promo didn't have it but some people say it does have it. Only when you get the actual package will you know.

[Specialized]

The Rogers promo didn't have it but some people say it does have it. Only when you get the actual package will you know.

The Rogers promo has it, its in the PDF. You have to click the link 'Important Information About an Introductory Annual Interest Rate Offer on Balance Transfers' in the fine print to see it.

[640m]

Has anyone heard back about their application for this latest 0% BT offer? What amounts are you approved for?

640m

[cantoron]

Has anyone heard back about their application for this latest 0% BT offer? What amounts are you approved for?

640m

I applied for the rogers one and got it in 10 days. and i got 15k.

[bonzo]

I applied for the rogers one and got it in 10 days. and i got 15k.


Did it have the chq fee of 1.5%?

[kinkern]

my friend forget to pay off his mastercard on time for 0% balance transfer it end and he is stuck with 1800 in interest payment

can u say ouch!!! he call to complain but they tell him he miss cut off date so he have to pay 1 year interest even he is one day late

I just called csr and he confirmed my payoff date and that interest would not be charged dating back to a year ago if I don't pay off the complete balance on the 28th of this month...FYI I missed a payment earlier in the year by a day and called in to explain...csr said I wouldn't be charged interest and sure enough I wasn't...was your friend's mastercard a citi gold or another credit card company?

[TheZodiac]

my friend forget to pay off his mastercard on time for 0% balance transfer it end and he is stuck with 1800 in interest payment

can u say ouch!!! he call to complain but they tell him he miss cut off date so he have to pay 1 year interest even he is one day late


I accidentally paid short 1 month and they didn't trigger this on me ..I guess you have to make no payment at all.

[nanirina]

I accidentally paid short 1 month and they didn't trigger this on me ..I guess you have to make no payment at all.

Nope. That's not true. It triggers when you haven't paid the payment before the next statement is printed, which is only usually about 3-5 days after your payment is due. I forgot to pay once and was late about a day. I was concerned and that's what the CSR told me.

[cantoron]

Did it have the chq fee of 1.5%?

No. It is 0% at all. :lol:

[konfusion666]

I just called csr and he confirmed my payoff date and that interest would not be charged dating back to a year ago if I don't pay off the complete balance on the 28th of this month...FYI I missed a payment earlier in the year by a day and called in to explain...csr said I wouldn't be charged interest and sure enough I wasn't...was your friend's mastercard a citi gold or another credit card company?

I accidentally paid short 1 month and they didn't trigger this on me ..I guess you have to make no payment at all.

more likely flito ray just made up that story, judging by his posting history in the Personal Finance forum...

[jindogae]

Can anyone tell me which cards are eligable for the 0% Balance Transfer? I just called to sign up and was told by the rep that Citi doesn't offer any cards with 0% BT...???

[johnyc]

So is that mean they changed the rules for all the 0% cards now:?:

I went through 3 CITI credit cards with 0% BT fee's... They probably figured why not make some extra money after the RFD effect kicked in :D

Hey how did ya happen to get 3 cards? were they all gold ones??

[s2kdarren]

alreayd have a citi petro points so they didnt let me get this card :(

[st7860]

sign up online with a slightly different address
for example change apartment to 'unit'

and change the numbers/position around a bit so that it means the same thing but looks different.

[wind8899]

There is 1.5% transfer fee for each cheque:twisted:

[Raddo]

There is 1.5% transfer fee for each cheque:twisted:

bad first post man! i think the 1.5% transfer fee for each cheque was already covered a couple of pages ago! try ready a few pages back next time!:lol: :razz: :D

[KevC]

Is this offer still available? Hmm... I did a 8k BT almost a year ago on my Citibank... gonna finish paying it off this month.

I wonder if I can get the same promotion even though I already have the card?

[cannon_fodder]

I read through several pages and it seems that even if one gets a 0% offer with no fee transfer, there is still a requirement to make a minimum payment of 2% of the outstanding (not original) balance - is this correct?

That would put a stop to my idea of borrowing up to $40k and putting it down on the mortgage which comes up for renewal in just less than a year's time. While the savings would be nice, it would be coming up with an additional $800 every month that would be a challenge.

[jeeva86]

How long until they send you the cheques? Also would like to know if there is a min. payment every month.

I have a Citi Petro Card with a limit of 5K. I rather make this low so if I do get the 0% BT card, it'll be higher. Is it a good idea to lower your credit limit? I use the card just for gas and 500/month is more than enough for me.

[caban]

I made a few phone calls there. This is what I was told:
1) They can not offer the internet based deals over the phone. Internet based deals is separate from the call centre.
2) They can not offer me a better deal over the phone. Without something rec'd in the mail the best balance transfer deal they had was 3.9%.
3) If you do not pay off your balance by the end of the year you are not charged retroactive interest.
4) If you miss a payment or miss the minimum they CAN remove you from the 0% interest plan but it is 100% for sure.
5) If you need more than 3 balance transfer checks you can calll in after you are accepted.

[caban]

How long until they send you the cheques? Also would like to know if there is a min. payment every month.

I have a Citi Petro Card with a limit of 5K. I rather make this low so if I do get the 0% BT card, it'll be higher. Is it a good idea to lower your credit limit? I use the card just for gas and 500/month is more than enough for me.

Yes there is a minimum payment. I do not recall what it is as I know I will be making large payments.

[jeeva86]

I just applied but not sure how to deal with the credit limit since they gave me more than enough on my petro card.

[northeastwind]

I got stuck at the step 1. I filled out the form and clicked the continue button but the webpage didn't change. Anyone else got the same problem?

[mmmken]

I just got my card package from Citibank today.

I'm approved for 5k, which is pretty surprising - as my other two cards have limits of 1,500, and 1,200. I'm a student, and making near minimum wage.. did they make a mistake? :-0

However, there was no mention of a 0% balance transfer promotion, anywhere on the card. I called in and the CSR told me that she put in a memo for me, and I should call back tomorrow morning to speak to a manager.

Has anyone experienced this?

Edit: read some posts before me, and noticed that this was veryy normal. Ack, let's hope I am eligible for the 0%.

If I asked for a credit limit increase (because I'm greedy), and say - the limit they gave me (5,000) was actually a mistake: could they reduce it instead? o__o

[boyoflondon]

I just got my card package from Citibank today.

I'm approved for 5k, which is pretty surprising - as my other two cards have limits of 1,500, and 1,200. I'm a student, and making near minimum wage.. did they make a mistake? :-0

However, there was no mention of a 0% balance transfer promotion, anywhere on the card. I called in and the CSR told me that she put in a memo for me, and I should call back tomorrow morning to speak to a manager.

Has anyone experienced this?

Edit: read some posts before me, and noticed that this was veryy normal. Ack, let's hope I am eligible for the 0%.

If I asked for a credit limit increase (because I'm greedy), and say - the limit they gave me (5,000) was actually a mistake: could they reduce it instead? o__o


Don't be suprised! I am a student as well and have a job that pays cash, so technically no real income. I have 4 CC's, 3 of which are platinum with combined credit of $28K ... not that I need it, but just goes to show you. CC companies dont really care about your income. They just want to give you the max available credit in hopes that you'll rack up a high bill :)

[mmmken]

Yeah, but I'm only turning 19 this year (still 18, and only had my first credit card last November). My other two credit cards are both consistent with what I should be getting - and only total 2,700.

This card just comes to me, and is worth nearly double of my other two combined! I feel like I stole something haha.

Does anyone know if they are able to reduce my limit, if they deem it was a mistake?

[spinbot]

No reason why they couldn't, but not very likely done without you requesting it.

[ziploc]

RedFlags effect

Red flags promo and add on the first page...0.9%

Citi bank is listening and reading

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=RF1

[jeeva86]

RedFlags effect

Red flags promo and add on the first page...0.9%

Citi bank is listening and reading

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=RF1

huh?

the other code is still valid which gives you 0%.

[ziploc]

huh?

the other code is still valid which gives you 0%.

I'm not saying otherwise...

but now they added an ad on this forum...but it's true the rate is 0.9%

[sckor]

So I just finished paying off last year's CITI 0% deal, and called in to cancel the card. The guy in "account retentions" was trying to talk me into staying as a customer anyway, because in a few months they'd probably send me another balance transfer offer in the mail.

So I mentioned that I could just close it now, and apply again with the "Rogers" deal. He said the Rogers one wasn't 0% for 12 months... and I said that I was looking at the web page with code R7B, and it explicitly states 12 months, 0%.

He put me on hold for a fair bit.

Comes back and says: "We'll just apply the new 0% offer onto your existing account to save you the trouble of reapplying. How much would you like to transfer?" :D

So, for those coming due from last year's 0% offer, it's worth having a friendly chat with retentions.

Sean.

[Psilosin]

^^ Thats awesome news. I was just going to cancel my card from last year and have my wife apply to take advantage of teh deal this year.

[Dest]

Recently got this card. Good offer, no transfer fee.
Nice to know that after the promotion expires they (maybe) can offer a new 0% promotion.

[max88]

Did the previous 0% BT promotions mention the promotional transfer cheque fee of 1.50% in the PDF? Anybody have a copy of the old PDF and the fine print on the old promo webpage?

The old ones don't have BT fee. CitiCard is getting smarter than MBNA (1% BT fee).

http://www.geocities.com/online_images/2006CitiGoldMasterCardProductInformation.pdf

[bubble.tea]

....He put me on hold for a fair bit.

Comes back and says: "We'll just apply the new 0% offer onto your existing account to save you the trouble of reapplying. How much would you like to transfer?" :D
......

http://img.photobucket.com/albums/v283/petawawa/smilies/ohmygod.gifhttp://img.photobucket.com/albums/v283/petawawa/smilies/ohmygod.gifhttp://img.photobucket.com/albums/v283/petawawa/smilies/ohmygod.gif

I am astounded.

You may very well be the first person I've read who's succeeded in getting this done.

I'm sure MMMMMMMMMMMMMMMMMMMMMMANY of us are kicking ourselves at not being lucky enough to get 'this rep'. How many of us tried this VERY same approach, but were told by adamant reps, that we HAD to cancel, it and reapply :(.

Well Done!!! http://img.photobucket.com/albums/v283/petawawa/smilies/hello.gif

[cheapdealer]

I was told the same thing on Thursday. I had a old 0% card from last year and i wanted new one. This rep said, "They would not be able to do it". So then I told the lady that I was told (when I was planning to cancel the card sometime ago) that there would be more offers on the balance transfer and told me not to cancel the card - so I didn't. To make the long story short, I said, "if you won't give me the card for 0%, I would like to cancel the existing one". She told me that I can do that and that she would put this information on the application for the new card. I just have to wait and see (sometime next week).

[simms]

Just to recap:
- Apply for the card, get the limit and get a BT to your savings account (PC 4.25%).
- Pay off minimum balances until Aug 2008, profit.

The fine print says there is a 1.5% fee on each transfer cheque. Doesn't that make the profit only 4.25-1.5 = 2.75% profit?

Thanks!

[spinbot]

You still have to make min. monthly payments(Y), so your total transfered(X) will have interested calculated as X+[(X-Y)*.0425] = Z ( for first month )
Then deduct each monthly payment from the new balance and calculate interest.

[max88]

Has anyone been able to get the 1.5% fee waived/reduced?

[mmmken]

Has anyone been able to get the 1.5% fee waived/reduced?

I asked about it, and they told me that there was no transfer fee.

[simms]

You still have to make min. monthly payments(Y), so your total transfered(X) will have interested calculated as X+[(X-Y)*.0425] = Z ( for first month )
Then deduct each monthly payment from the new balance and calculate interest.

Yes.. I don't want to split hairs though, I'm just asking about the transfer fees.

[spy cl]

quick question,
would I still be qualified or approved for this deal if I have a Citi Petropoint Mastercard?

[recordman]

No. Atleast that's what they told me. :mad:

quick question,
would I still be qualified or approved for this deal if I have a Citi Petropoint Mastercard?

[sckor]

No balance transfer fee on this offer - at least not for me. The rep was very clear about that.

As for having multiple CITI cards, it may depend. I have a CITI Driver's Edge MC, and had no trouble getting the 0% card.

Sean.

[simms]

No balance transfer fee on this offer - at least not for me. The rep was very clear about that.

As for having multiple CITI cards, it may depend. I have a CITI Driver's Edge MC, and had no trouble getting the 0% card.

Sean.

Thanks - what the rep doesn't know may come back in form of writing... the writing on the card agreement says 1.5% fee.

[spy cl]

i will keep my finger corss, btw
did you get the 0% one first, or Driver's Edge first?
thanks

No balance transfer fee on this offer - at least not for me. The rep was very clear about that.

As for having multiple CITI cards, it may depend. I have a CITI Driver's Edge MC, and had no trouble getting the 0% card.

Sean.

[wamrage]

I guess it's too late for this now if you get the balance transfer kit 3 months after approval?

[tkyoshi]

No balance transfer fee on this offer - at least not for me. The rep was very clear about that.

As for having multiple CITI cards, it may depend. I have a CITI Driver's Edge MC, and had no trouble getting the 0% card.

Sean.

It's hit and miss, if they find your old Citi card then they will reject you. So mostly the answer is no.

I applied for this and got a rejection saying "you already have a Citi card (Driver's Edge)". I then applied for the Citi PP M/C and they gave it to me, so it seems they will not give the promos to existing customers.

[HunkaHunkaBurningLove]

Just for kicks I thought I'd try to get another one of these CITIbank mastercards with the new code. I already have the Driver's Edge and a CITI gold mastercard 0% with one of the old codes expiring in January. These are great interest free loans!

[cannon_fodder]

Called and applied (received the offer in the email). CSR confirmed that the 1.5% fee on balance transfers would be waived for this 0% offer.

She also warned that I should wait for the 0% interest cheques and not make the mistake of using the 'regular' cheques which would be at 19.9%.

[bubble.tea]

.......'regular' cheques which would be at 19.9%.
that would be a costly oversight...yeowch!!!

[McPaul]

long thread. questions

1. what is minimum payment? (MBNA is 10/month)
2. what is bal transfer fee? (MBNA is 1%)
3. do you see them extending the offer to November, 2008 (or something) very soon?

I was thinking of waiting awhile to stagger when payments of this card and my $20k MBNA card come due, but it sounds like this card is pretty much renewable for the same offer.

thx.

[mcbg1]

Is the MNBA offer still standing?

[McPaul]

dunno. I got mine last May. there's another thread on it in personal finance, where these threads should be.

[wamrage]

Are there any deals similar to this that are currently being offered? On the application it says that if you apply it will take 3 weeks to get your BT kit (at which point Balance transfers will no longer be allowed at 0%).

[mensrea]

Anyone have any other codes? Most of them say that the completed application + request for balance transfer must be completed by October 8 or October 15.

[AdmiralBenson]

For anyone that is interested, the MBNA 0% offer for 15-Months is still available.

I called last night, quoted the code BODX, and was approved for the offer over the phone.

1% balance transfer fee, but still hard to beat.

[really_doe]

For anyone that is interested, the MBNA 0% offer for 15-Months is still available.

I called last night, quoted the code BODX, and was approved for the offer over the phone.

1% balance transfer fee, but still hard to beat.

I got my citibank gold last year and the 0%BT is done next month. I am looking for a card to transfer my remaining balance to. Where can I go to get this MBNA card?
Thanks!!

[640m]

For those people that are still waiting for approval:

The CSR I spoke to said that once you are approved, you have up to 6 months to accept the offer. After you accept the offer, you can request a balance transfer over the phone. I told the CSR that the 'Card Product Information' document states that the BT requests must be received by Oct. 15/07. He stated that you will still be able receive the 0% BT offer....I'll have to see if this is true when/if I finally get approved. Still waiting.

640m

[spy cl]

still waiting

2 weeks already!!

[bwlandu]

I'm looking for a 0% BT card as well. The MBNA card has a rate of 1.9% quoted on their site, or perhaps 1% if you call and mention the code that the poster above mentioned, however it appears it's only for 4 months.

Unfortunately I missed the Citi offering which has to be applied for an requests for BT's in on Monday the 8th. Ho Hum.

Please let me know if there is anything else out there being offered.. i can't seem to find anything.

Thanks

[dryang]

PC offers 1.9% for 6 months, is that a good deal?

[recordman]

It's a good deal if the limit is high enough. Pay them 1.9% interest, put the money into their 4.25% savings account. Earn 2.35% pre-tax with their money. :cheesygri If I could only borrow a million bucks from them this way...

PC offers 1.9% for 6 months, is that a good deal?

[bwlandu]

:)
However I'm looking to 'make' money, just save money on a high interest card by transferring the balance to something low rate. 1.9% for 6 is ok I guess.. 6 months is all the time I need, I just wish it was 0% or close to it.

Thanks for the info!!

[TheGrouch]

Has anyone received anything stating that this is no longer valid? When I call for a status they just tell me that it should go through. No mention of the October 8th date.

I have been looking for a 0% balance transfer fee credit card they are many available in the states none here though damn.

[hoyoto]

Just got off phone with CITI retention CSR.

Paid off 12k last week and called in to cancel the card this morning.

After the card is cancelled. this afternoon, I saw the post in previous page that someone getting "R7B" apply to the existing account.


I called back and ask the same thing , the first CSR had no clue about this. She said I have to reapply it again.

Called again right after the first one. ask the rep to transfer me to Retetion dept right away. Then I told them I have the R7B offer as well, if they can't apply to my account. I 'll just reapply it. The rep went away for a few moment, came back saying " 0% is applying on your reopened account and how much do you wanna transfer today".

hint: don't talk to regular CSR, speak with people in retetion dept.
if ur citicard is already cancelled. You can also call back to ask this offer.
They can reopen the account for you just like what they did to me.

hope this helps

[k288]

Just got off phone with CITI retention CSR.

Paid off 12k last week and called in to cancel the card this morning.

After the card is cancelled. this afternoon, I saw the post in previous page that someone getting "R7B" apply to the existing account.


I called back and ask the same thing , the first CSR had no clue about this. She said I have to reapply it again.

Called again right after the first one. ask the rep to transfer me to Retetion dept right away. Then I told them I have the R7B offer as well, if they can't apply to my account. I 'll just reapply it. The rep went away for a few moment, came back saying " 0% is applying on your reopened account and how much do you wanna transfer today".

hint: don't talk to regular CSR, speak with people in retetion dept.
if ur citicard is already cancelled. You can also call back to ask this offer.
They can reopen the account for you just like what they did to me.

hope this helps

Sorry what is R7B? I looked thru the last page but cannot find it.... thanks, Ii have the card and had done BTs since about May now, will it still work for me?

[hoyoto]

Sorry what is R7B? I looked thru the last page but cannot find it.... thanks, Ii have the card and had done BTs since about May now, will it still work for me?

R7B is code from Rogers. You can call and ask them .

[orion747]

I've tried calling Citi multiple times and the CSR's refuse to transfer you to Retentions, saying "Oh I can help you with that". Of course they deny you for already having had a card.

I'm tired of their crap - is there a 0% MBNA offer right now?

[AdmiralBenson]

I'm looking for a 0% BT card as well. The MBNA card has a rate of 1.9% quoted on their site, or perhaps 1% if you call and mention the code that the poster above mentioned, however it appears it's only for 4 months.

Unfortunately I missed the Citi offering which has to be applied for an requests for BT's in on Monday the 8th. Ho Hum.

Please let me know if there is anything else out there being offered.. i can't seem to find anything.

Thanks

Actually the BODX is 1% (fee on balance transfer) for 15-months.
The 15-months is the longest duration I've seen.

[really_doe]

I called MBNA last night and used the code BODX. I was approved over the phone for a $5000 limit platinum card and will get it in 7 to 10 days. Balance transfer is 0% for 15 months, the only catch is there is a 1% transfer fee. So what... I need to transfer 2500, so that's like $25
best deal I could find.

[ItemFinder]

Can you guys stop talking about the MBNA offer in this thread? You have your own thread for that. This is for Citibank customers only.

[netcbc]

Sweet got my approval already within 1 week!! awesome, got 0% no fee

**** Can you apply to MBNA one if you already have one?? ****

[spy cl]

thanks, guys, i got the card today.

just to confirm, i know it's 0% interest balance transfer, but is there any transfer fee that we have to pay to do balance transfer(like NBNA 1% fee for doing blance transfer)?

[sckor]

thanks, guys, i got the card today.

just to confirm, i know it's 0% interest balance transfer, but is there any transfer fee that we have to pay to do balance transfer(like NBNA 1% fee for doing blance transfer)?

There is no balance transfer fee for the 0% offer from CITI. The "downside" to the CITI card vs the MBNA one is that the minimum payment every month is 3% of the average daily balance, vs $10 for the MBNA one.

Sean.

[spy cl]

There is no balance transfer fee for the 0% offer from CITI. The "downside" to the CITI card vs the MBNA one is that the minimum payment every month is 3% of the average daily balance, vs $10 for the MBNA one.

Sean.

good point!
but the only downside for MBNA is that there is a 1% balance transfer fee

[meds06]

Thanks guys for the tip. I was able to talk to the retention service and my 0%interest credit period was extended for an extra 12months!! I told them I had received an offer from rogers: http://www.citicards.ca/canada/cards...ccess_code=R7B

Yay!!! free money!

[rvs007]

Thanks guys for the tip. I was able to talk to the retention service and my 0%interest credit period was extended for an extra 12months!! I told them I had received an offer from rogers: http://www.citicards.ca/canada/cards...ccess_code=R7B

Yay!!! free money!

I'd like to find out more about the offer from Rogers, but your link doesn't work. Can you repost the link?

[st7860]

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=r7b

[qwaszxop]

I was calling for the CitiCard's R7B offer. I was told I need to call the phone # specfied in the mail offer. What phone # did you guys call? Thanks,

Ben

[pete]

has anyone been able to get the citibank again after having a card even though they had a balance left on the account?

[Ilikethisdeal]

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=r7b

The deal is dead coz it won't let you go to the next page after filling your personal information.

[st7860]

do you mean the page that asks for address/birthdate/etc or the 2nd page that asks for emplyoment info?

[ItemFinder]

The deal is dead coz it won't let you go to the next page after filling your personal information.
I just tried the application and it works fine. Stop spreading FUD (fear, uncertainty and doubt). If you don't know how to use a computer, then learn.

[qwaszxop]

I applied it last night and it worked for me.

[shawn99]

Tried to renew the card for another 12 months of interest free, I was told the code from rogers R7B has expired as of sept 30th...

Rogers given out any new codes?

[silicone]

I was given a NO on saving my old account with the new code... i had to re-apply

[qwaszxop]

Tried to renew the card for another 12 months of interest free, I was told the code from rogers R7B has expired as of sept 30th...

Rogers given out any new codes?

Darn, that's bad. When I apply last night, they told me I can call them to discuss after they approve me. Anyhow, will see how it goes.

[zzzzoooo]

Tried to renew the card for another 12 months of interest free, I was told the code from rogers R7B has expired as of sept 30th...

Rogers given out any new codes?

I called and quoted the R7B code this morning and was approved afternoon so that 0% was extended for another 12 month for my existing account.

Thanks.

[actng]

someone told me to call in and get in on this deal before i saw this thread and i ended up cancelling my citi platinum visa for no reason.

argh

[PrincessK]

I called this morning as well and quoted the R7B code, and got the 0% for the next 12 months for my existing account, without having to cancel too. No questions asked.

I called and quoted the R7B code this morning and was approved afternoon so that 0% was extended for another 12 month for my existing account.

Thanks.

[zero64]

Can you guys stop talking about the MBNA offer in this thread? You have your own thread for that. This is for Citibank customers only.

Where is the MBNA thread? I can't seem to find it, and my interest-free period with Citi is about to expire.

[Xiggy]

Where is the MBNA thread? I can't seem to find it, and my interest-free period with Citi is about to expire.
http://www.redflagdeals.com/forums/showthread.php?t=411582

[zzzzoooo]

Those who were not able to extend 12 month 0% interest *for existing account*, may try to call 1-877-228-9792.

I and one of my collegue at work got the deal without any hassle by calling that number.

Hope this help.

Jae.

[ItemFinder]

While your intentions maybe good, I don't suggest anyone start calling random toll-free numbers and giving your credit card information.

[jayk]

are the downsides to doing this huge? (ie. credit hit, etc)

Also do you earn points on the money you get 0% interest on? I wonder if the 0% can be applied to say an MBNA Starwood card?

[st7860]

if you're an average person with no collections on your credit report carrying a high balance doesn't really matter.

if you're marginal, then yes, carrying a balance to 100% of your credit limit can hurt.

[lovetodeal]

I called Citi MC and the CSR said no problem, he can apply the 0% rate to my account. However, I have to fax him the actual ad from Rogers before he will put it through. Is it a paper ad that was mailed to Rogers customers? Does anyone have it and can post it up? Thanks in advance!

[akachyan]

Thanks. I just got approved MBNA...$5000...
Now it is time to look for best rate saving accnt or GIC..
Any idea??
:cheesygri :D

[Mighty Mouse]

I called Citi MC and the CSR said no problem, he can apply the 0% rate to my account. However, I have to fax him the actual ad from Rogers before he will put it through. Is it a paper ad that was mailed to Rogers customers? Does anyone have it and can post it up? Thanks in advance!

Same thing I was told.

[zero64]

http://www.redflagdeals.com/forums/showthread.php?t=411582

Thanks!

[DealsSeeker]

I called and quoted the R7B code this morning and was approved afternoon so that 0% was extended for another 12 month for my existing account.

Thanks.

Same here.:mad:

[addicted2it]

Same here.:mad:


What number did you guys call ? Thinking of giving them a call first thing tomorrow mornin to get the offer for a second time..hopefully with an icreased limit.

[zzzzoooo]

While your intentions maybe good, I don't suggest anyone start calling random toll-free numbers and giving your credit card information.

I posted that 1-877 number only because someone PM'ed me how I got approved for 12 month extension of 0% interest for existing account.

Here is the whole story.

I was lucky to get connected into that department in the first place from calling the 1-800 number shown in the credit card and got approved so easily and I asked a reference number and CSR gave me the 1-877 number (and his name and extension) to call back.

Later one of my college at work tried and was told also there is no such a promotion so I gave him the number I wrote down and he got approved in less than 5 minutes by calling that number.

No question asked at all.

Jae.

[lovetodeal]

That's the number I called earlier and was told to fax in the ad before he will apply the 0% interest to my account. >:(

[addicted2it]

That's the number I called earlier and was told to fax in the ad before he will apply the 0% interest to my account. >:(

Can any kind RFDer provide us with a scan of the ad so that we could get on this deal again....

[spy cl]

if they don't extend it, you guys can consider to close the account and apply again over the link at first page, but before closing account, you can let their rep know that if they don't extend it, you will just close and apply the deal again. Some ppl are lucky, the citi's rep just extend for 12 month when you said that.

[k288]

I posted that 1-877 number only because someone PM'ed me how I got approved for 12 month extension of 0% interest for existing account.

Here is the whole story.

I was lucky to get connected into that department in the first place from calling the 1-800 number shown in the credit card and got approved so easily and I asked a reference number and CSR gave me the 1-877 number (and his name and extension) to call back.

Later one of my college at work tried and was told also there is no such a promotion so I gave him the number I wrote down and he got approved in less than 5 minutes by calling that number.

No question asked at all.

Jae.



How early/ late should I wait before calling the 1-877#? My original deal doesn't end til March 08.... is this better that R7B code? What is R7B code anyways?

Can you PM me too please that guy's name and extension? Many many thanks!! :) Oh the extension, is it extending from the end of your original deal or from the day you called?

[adrianf74]

Thanks OP for the priority code. I called last week and was given a significantly higher credit limit than my old CitiCard (which is a dangerous thing), however, it's nice to know that I can transfer a balance and pay 0.8% interest in total for 15 months. :D

[zzzzoooo]

How early/ late should I wait before calling the 1-877#? My original deal doesn't end til March 08.... is this better that R7B code? What is R7B code anyways?

Can you PM me too please that guy's name and extension? Many many thanks!! :) Oh the extension, is it extending from the end of your original deal or from the day you called?

Don't bother calling the 1-877 number I posted above. I PM'ed the guy's name and extention to one of RFDer and wad told that the same guy now requested to fax in the copy of proof as well.

>:(

[dd]

Just got mbna deals for 15 mont for 0%.

way to go..
It's valid as of oct 25.

[scope11]

Can anyone tell me how to get the 0% for 12 with Citi as a new customer? The link on the front shows that the offer expires if application or BT request is not received by Oct 15th 2007. I called the number that's in the 4 page discloure, eventually got through to the Application department who told me that offer is over and that the only thing they have to offer me is 5.99% for 6 months... Am I missing something here? Without having to read all 50+ pages in this thread?

Thanks.

[GTABuySell]

I scheduled monthly automated payment (the minimum amount) two months ago.

Last month, CITI MC withdrawn the correct amount from my bank account.

Tonight, I just found out that they tried to withdrawn the total balance from my bank account. Obviously, I didn't have over $10K sitting in my bank account so my bank charged me a NSF service charge of $35.

I called CITI MC and reported the error. The RUDE CSR blamed me for the error. He told me that I authorized the payment and there is nothing he could do for me before even looking at the automatic payment history on his computer. I kept telling him that I didn't authorize the payment and the scheduled payment amount is just the minimum amount (as shown by Citi MC online system). I asked him when I authorized the payment (i.e. I want proof), and he said yesterday. The thing is that I have not logged on to my account for almost two months. To make the long story short, he just kept blaming me for the error and there is nothing he could do.

I had problems with CITI MC from day one! They automatically charged my CITI MC something like $75 or $95 (I don't remember) for an insurance I NEVER asked for or agreed to buy. It took me two months to get them to reverse the charge. After multiple phone calls to that insurance company (I think is also owned by CITI, but they made me call another phone number) they finally agreed to reverse the charge (it didn't happen until more phone calls and two months later. They FEEL I really need the insurance! I really DON'T have problem with the monthly payments or repay the whole balance if I want to).

I just stopped using their automated/scheduled payment system. I would rather make monthly payment through my bank. I really don't feel like calling them up again (Rude Rude Rude CSR's!). I feel better paying the $35 NSF fee than to talk to them again. They (I called them twice tonight) just refused to listen and believe they are right and they have a perfect system (i.e. I must trust them). I really hope the CSR I just spoke with actually reports this error and start an investigation internally.

This is just MY bad experience/luck with this company. I hope you have better luck with this deal than I do. Normally, I don't check my monthly statements, but I started to do it after I got ripped off by Primus and Bell (all were related to over billing). So, check, and double check your statements.

[sendtomaz]

New code: BR6A (1-877-428-6060), 0% for 12 months

For people having trouble with this, confidence is the key. Don't say "I heard about some deal, could I possibly have it?". Don't say "I saw it online".

They want to give this deal to people they have targeted, not to some guy that needs money. :cheesygri

Call the number.

You: "I received an offer in the mail for a credit card with a 0% promotion"

CSR: "May I have the priority code please?

You: "BR6A" (or one of the others)

She may ask for some other numbers that are on the letter. Act confused, give her a string of 5 numbers. If she asks again, give her 5 more. Eventually, she'll give up. Just be confident that you are looking at an offer you received in the mail.

Good luck.

[scope11]

New code: BR6A (1-877-428-6060), 0% for 12 months

For people having trouble with this, confidence is the key. Don't say "I heard about some deal, could I possibly have it?". Don't say "I saw it online".

They want to give this deal to people they have targeted, not to some guy that needs money. :cheesygri

Call the number.

You: "I received an offer in the mail for a credit card with a 0% promotion"

CSR: "May I have the priority code please?

You: "BR6A" (or one of the others)

She may ask for some other numbers that are on the letter. Act confused, give her a string of 5 numbers. If she asks again, give her 5 more. Eventually, she'll give up. Just be confident that you are looking at an offer you received in the mail.

Good luck.


The above is an MBNA offer, for those wondering.

[AdmiralBenson]

She may ask for some other numbers that are on the letter. Act confused, give her a string of 5 numbers. If she asks again, give her 5 more. Eventually, she'll give up.


:cheesygri

[Speedy1]

I applied for CITI MC and MBNA at about the same time. Great service at MBNA and lousy service at CITI. Got approved for $30,000 with MBNA right away and got turned down period by CITI. CITI never gave a reason other than due to my credit report. I have a lot of credit but I have never missed a payment. CITI never even asked about my other assets even though I have a 7 figure investment portfolio.

[st7860]

PC Financial Savings Accounts are now paying 4.25% annual with no lock in period. so you can apply for this 0% 12 month promo then deposit it in the bank for a year.

[theurbancanadian]

I applied for CITI MC and MBNA at about the same time. Great service at MBNA and lousy service at CITI. Got approved for $30,000 with MBNA right away and got turned down period by CITI. CITI never gave a reason other than due to my credit report. I have a lot of credit but I have never missed a payment. CITI never even asked about my other assets even though I have a 7 figure investment portfolio.

I had no problems with CITI. $15,000 on the spot, already received the cheques and some of the money already invested. Total time from start to finish, not even two weeks. I guess everybody's experience is different.

[Vitulla]

I already have a citi mastercard. my 0% expires in january, anyway to extend it?

[zerron]

I have called CSR to extend my 0% promotion, they didn't agree. so I have closed my account. Anybody know new promotion code for apply again?

[Bedpan]

Just got a citi 0% for a year... $10,400. Pays off most of my line of credit saving me 8% interest... Will save me some money for sure!

Sweet. Wish I had noticed (paid attention) this thread sooner.


Thanks all...

Mike

[st7860]

I have called CSR to extend my 0% promotion, they didn't agree. so I have closed my account. Anybody know new promotion code for apply again?

http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=c7z (august 2008)

[lovetodeal]

Thanks for the code. I canceled mine too and just reapplied. Hope the card will come soon.

[pigqq]

Anybody knows how to get another CITI credit card if I already have one?
I have a CITI enrich card and want to keep it. I plan to apply a CITI petro card or 0% interest card. But I heard that CITI will not allow the customer to get two cards with citi.

[spy cl]

WTF...got my citi mc statement today,

I did the balance transfer for $5600, how come I have to pay that much minimum payment ($117.60)?

How do they calculate the minimum balance payment?

[st7860]

its normal. you still have to make a 2% minimum payment every month , but there's still no interest charge.

[spy cl]

its normal. you still have to make a 2% minimum payment every month , but there's still no interest charge.


yeah, it's normal, but what want to find out is that:

$5600 x 2% = $112.
shouldn't I just be paying $112 / 365days x 30days = $9.21 for the minimum payment?

like my saving a/c: $5600 x 4.25% = $212.50
$212.50 / 365days x 30days = $17.46 => this is how much interested I got from my saving a/c at the end of the month

I am confused :confused:

btw, thanks for putting up this thread so ppl can get this great 0% deal!

[Octavius]

yeah, it's normal, but what want to find out is that:

$5600 x 2% = $112.
shouldn't I just be paying $112 / 365days x 30days = $9.21 for the minimum payment?

like my saving a/c: $5600 x 4.25% = $212.50
$212.50 / 365days x 30days = $17.46 => this is how much interested I got from my saving a/c at the end of the month

I am confused :confused:

btw, thanks for putting up this thread so ppl can get this great 0% deal!

I balance transferred $3600 bucks and my minimum payment every month was between $60-$66

[BabyG]

I think the 2% is monthly minimum payment, instead of yearly.

yeah, it's normal, but what want to find out is that:

$5600 x 2% = $112.
shouldn't I just be paying $112 / 365days x 30days = $9.21 for the minimum payment?

like my saving a/c: $5600 x 4.25% = $212.50
$212.50 / 365days x 30days = $17.46 => this is how much interested I got from my saving a/c at the end of the month

I am confused :confused:

btw, thanks for putting up this thread so ppl can get this great 0% deal!

[Xiggy]

yeah, it's normal, but what want to find out is that:

$5600 x 2% = $112.
shouldn't I just be paying $112 / 365days x 30days = $9.21 for the minimum payment?

like my saving a/c: $5600 x 4.25% = $212.50
$212.50 / 365days x 30days = $17.46 => this is how much interested I got from my saving a/c at the end of the month

I am confused :confused:

btw, thanks for putting up this thread so ppl can get this great 0% deal!
Minimum payment is 2% of your balance. Period. It's not an interest rate... just a percentage chosen arbitrarily to determine your minimum payment amount.

Also, it looks like it's 2.1% to be exact.

[spy cl]

thanks for the explanation, i understand now.
I do think 2.1% minimum payment rate is kind high though ha ha

[Axeled]

I've tried the rogers R7B code, which is no longer working. Also, the new code C7Z is only good through August 2008 - only 9 months as opposed to 12 (more like 8 months by the time they set up your card and even less by the time they do the BT transfers!).

So, does anyone know of another code that still works and goes for 12 months at 0% from Citibank? I have also tried calling a few different number at Citibank, and they weren't able to offer the 0% for 12 months even when I gave them the Rogers code. They told me to apply online for better rates/offers.

Please note that the C7Z offer until August 2008 states in the attached fine print that applicable balance transfers for the offer must be completed by October 7, 2007. What this means is that if you apply now, you don't have a leg to stand on if they don't give you the 0% until August as the fine print negates that offer.

So really, where is the hidden code??? :?: :idea:

Also, I noticed that some of these offers are limited by postal code/province. I am in Quebec.

Btw, rec'd MBNA card at 0% for 15 months no problems. Thx for the tip on that! Now, all I need is that 12 months at 0% Citibank offer. :cheesygri

[st7860]

thanks for the explanation, i understand now.
I do think 2.1% minimum payment rate is kind high though ha ha

most cards are 3% or 2.5% so 2.1% is quite generous

[donye]

I already have mbna platinum plus mastercard balance transfer rate 1.9% and 1% balance transfer fee.limit $5000
Mbna called me and offered 2nd mbna mastercard "mbna world ponints"
limit $6000 balance transfer rate 6.9% for 6 months and 1% balance transfer fee. 6.9%+1%, is it worth to do balance transfer?

[scope11]

Any valid offers out there on Citi for either 0 or 1.99% 8-12 months? The ones on the first post are expired as of Oct 8th. Best I seem to be able to find is 1.97% 6 months PC or 1.99% 6 months Chase.

Thanks.

[spy cl]

most cards are 3% or 2.5% so 2.1% is quite generous

really.
I guess I always paid off the entire balance, so I really have no idea about this

[vu_ho_huy]

Hi,
Looks like some of the folks here are pretty savvy about borrowing money from a 0% card and invest it.

So exactly how do you do it? Would I do the following:
1. Apply for a 0% card.
2. Take out a huge cash advance and invest it?

or

1. Apply for said card.
2. Take out a huge cash advance some a line of credit somewhere
3. Transfer the the balance from the LOC to the 0% card

The goal has to be "getting the money for free", right?
Thanks

[st7860]

Hi,
Looks like some of the folks here are pretty savvy about borrowing money from a 0% card and invest it.

So exactly how do you do it? Would I do the following:
1. Apply for a 0% card.
2. Take out a huge cash advance and invest it?

or

1. Apply for said card.
2. Take out a huge cash advance some a line of credit somewhere
3. Transfer the the balance from the LOC to the 0% card

The goal has to be "getting the money for free", right?
Thanks


When you apply for the 0% citibank card, they send you checks you can write to anyone, including yourself or a company or whatever.

you can also telephone citibank to ask them to transfer money at 0% directly into any canadian checking or savings account, OR ask them to transfer the money to any Canadian Credit Card.

[scope11]

Even the featured deal from Citi here on the RFD site expired October 8th and it's still up. I called Citi and they said that you can still apply for the card, but won't get the 0.9%.... Something doesn't smell right....Either take the add down RFD, or update it with a valid offer...

[Axeled]

Even the featured deal from Citi here on the RFD site expired October 8th and it's still up. I called Citi and they said that you can still apply for the card, but won't get the 0.9%.... Something doesn't smell right....Either take the add down RFD, or update it with a valid offer...

I had the same experience. Or, even worse, another phone rep said, "Just apply and see what happens!!! They'll probably do something for you!"

That didn't really leave a good taste in my mouth. Like I wrote in my previous post, if the balance transfer date is in the past on the fine print. They have no legal requirement to provide you with the offer, and considering the way the banks function, that counts out my vote!

Has anyone come across any new Citibank deals for the 0% at 12 months? Any new codes would be great....

[carwel]

Got an offer in the mail today. Access code is T7A. Apply on www.applynow.citicards.ca.

[Speedy1]

I applied for CITI MC and MBNA at about the same time. Great service at MBNA and lousy service at CITI. Got approved for $30,000 with MBNA right away and got turned down period by CITI. CITI never gave a reason other than due to my credit report. I have a lot of credit but I have never missed a payment. CITI never even asked about my other assets even though I have a 7 figure investment portfolio.

My wife got approved for only $5,000 with Citi MC just a few days ago and they said no when asked about a higher limit. She made sure she is getting the 0% for 12 month deal. She previously had 2 other MBNA cards. She had no problem getting a 3rd MBNA card approved for their special promotion. She closed one of her existing MBNA card and drastically reduced the limit on her other card (only air miles card) in order to max out limit on the new MBNA card with special promotion. She now has a $32,000 limit on her new MBNA card. Another friend who is very wealthy applied and instantly got $15,000. He asked for a limit increase to $50,000 after getting the card but they only gave him $30,000 limit. My guess is $30,000 limit is just about the max MBNA will go even if you are relatively wealthy (i.e. over $1 million in net worth).

[st7860]

MBNA will give up to $100,000 if their credit report is good enough. $100,000 is their hard limit. other companies have a hard limit of $50,000.

CITI on the other hand usually gives under $20,000 to almost EVERYBODY.

[Speedy1]

MBNA will give up to $100,000 if their credit report is good enough. $100,000 is their hard limit. other companies have a hard limit of $50,000.

CITI on the other hand usually gives under $20,000 to almost EVERYBODY.

My friend has a net worth of $1 million to $2 million and NO debt until now. His credit report is excellent. He only got $30,000 limit. Not sure how wealthy you have to be to get $100,000.

[woodstock827]

My friend has a net worth of $1 million to $2 million and NO debt until now. His credit report is excellent. He only got $30,000 limit. Not sure how wealthy you have to be to get $100,000.

There is your problem. You need good debt history to have a good credit rating.

[st7860]

My friend has a net worth of $1 million to $2 million and NO debt until now. His credit report is excellent. He only got $30,000 limit. Not sure how wealthy you have to be to get $100,000.

well i'm just saying that MBNA openly advertises $100,000, while other banks usually only say $50,000.

Maybe your friend has a lot of open credit lines, or owes a little bit of money, etc. or maybe he didn't report a high enough annual income to qualify for a $100,000 credit card. Its also very possible that despite having a large net worth, his credit might not look as good as someone that makes only $80,000 per year. It all depends on the situation. how many cards the person has, how new they are, etc. Does your friend do any business that requires large credit card purchases? Even if the purchaes are paid in full every month, they can still temporarily drop a credit rating. There are a million reasons that coul dbe why your friend only got a $30,000 limit.

[Speedy1]

There is your problem. You need good debt history to have a good credit rating.

My friend has had debt before like a mortgage so he has an excellent debt history. Now he is debt free He pays off his credit cards in full each month. He has no lines of credit.

[Speedy1]

well i'm just saying that MBNA openly advertises $100,000, while other banks usually only say $50,000.

Maybe your friend has a lot of open credit lines, or owes a little bit of money, etc. or maybe he didn't report a high enough annual income to qualify for a $100,000 credit card. Its also very possible that despite having a large net worth, his credit might not look as good as someone that makes only $80,000 per year. It all depends on the situation. how many cards the person has, how new they are, etc. Does your friend do any business that requires large credit card purchases? Even if the purchaes are paid in full every month, they can still temporarily drop a credit rating. There are a million reasons that coul dbe why your friend only got a $30,000 limit.

He has no open credit lines and does not have debt. He is employed and makes $85,000 a year. My friend is stronger financially than my wife and I and he still only got the same $30,000 limit. That was my simple observation amongst the 3 of us who recently applied and got approved for the MBNA promotion.

[Speedy1]

who have contributed to this thread. My heartfelt thanks!

[ariell]

Hi
Sorry if this is a dumb question. I got an offer for a gold citibank mastercard today with 0% interest on balance transfers until Nov. 2008. I don't have any credit cards that I need to pay off but I do have a line of credit that I would like to pay down. How do I go about taking advantage of the 0% interest to pay off the line of credit?

[ItemFinder]

Balance transfer to a chequing account. Use the money as you want. Make minimum payments for 0% interest until November 2008, at which time you pay off the remaining balance. Wasn't that hard now, was it?

[st7860]

citibank will send you special 0% checks. simply write one to yourself, deposit it into the bank, and make a bill payment to your line of credit, or write the check directy to your line of credit.

[Azxster]

When it asks for yearly household income...

does it mean the entire household (4 people in the house)?

[scope11]

Got an offer in the mail today. Access code is T7A. Apply on www.applynow.citicards.ca.

Thanks carwel - just applied. I've been waiting for someone to post the information you did. Much appreciated!

[ariell]

citibank will send you special 0% checks. simply write one to yourself, deposit it into the bank, and make a bill payment to your line of credit, or write the check directy to your line of credit.

Great. So using the checks is not considered a cash advance?

[spy cl]

citibank will send you special 0% checks. simply write one to yourself, deposit it into the bank, and make a bill payment to your line of credit, or write the check directy to your line of credit.

st7860, just one quick question, as long as i make the minimum balance payment each month, i am fine.

what happen if i accidentally miss a payment?
would this deal be stopped instantly if i miss the minimum payment?

[chuppe]

st7860, just one quick question, as long as i make the minimum balance payment each month, i am fine.

what happen if i accidentally miss a payment?
would this deal be stopped instantly if i miss the minimum payment?

If you miss a payment, the special 0% interest deal is off and you will be charged the full-blown interest rate. This is the only thing to be very careful about with 0% interest credit cards... Miss a payment or forget to pay the whole amount before the end of the offer and you will end up paying more interest then what you made if you put it in a High-Interest Savings account.

[mrbuzz]

Can anyone please scan an offer they received in the mail for the Citi Gold? I need to see exactly how one looks like. Doesn't matter if it's old. Thanks a lot!

[Jobu]

I just got this card but the CSR tells me that the 0% only applies to balance transfers between credit cards. Is this right? How do I access the cash if I don't have a credit card to transfer it to with a balance? I want to use the amount to pay down a line of credit.

[imnew]

I just got this card but the CSR tells me that the 0% only applies to balance transfers between credit cards. Is this right? How do I access the cash if I don't have a credit card to transfer it to with a balance? I want to use the amount to pay down a line of credit.

Yeah you can use the cheq they provide you to pay down the line of credit...

[thebat88]

i just received my card today.

I called the rep and ask for balance transfer and they said they can only transfer to a LOC or credit card.

The rep says the request is subject to approval and take 1 to 2 weeks....
question is, will they be able to know my current LOC balance?

How long does it usually take for you guys via phone transfer?

Thanks

[dinesh_zee]

I got on this offer few months back and transferred the credit into my sav a/c. Now, I'm qualified for a credit limit increase. If I agree to the credit limit increase, can I use the 'new' additional credit to do another BT for the remaining months @0%?

any experiences?

[bubble.tea]

I got on this offer few months back and transferred the credit into my sav a/c. Now, I'm qualified for a credit limit increase. If I agree to the credit limit increase, can I use the 'new' additional credit to do another BT for the remaining months @0%?

any experiences?

mmmmmmmmmmm., risky. I think you could definately do it so long as it's before your promotional period expires. The condition for 0% is ANY BT UNTIL SAID PERIOD. I'd ask the rep to double and triple check with a supervisor before doing it.

I did 5K., then a week later was approved for another amount, and so I did that amount as a BT again. All is 0%., but only a week apart., not so long afterwards. The premise is the same-I THINK.

[kanimara]

i guess at the very least i could pay off all my debts.
10000 line of credit + 20000 student loan = 30 000 total
i can do 1500 a month + 6000 from bonuses and tax refunds next year = 6000 remaining
transfer that 6k back to my line of credit for the lower interest rate.
boom debts nearly paid...............

[CanadaRAM]

I have the best idea ever created for this.
Lets say you're like me, and do not have an RRSP
Transfer the full amount you can from this citibank thing into an RRSP, or however much you can per year as per CRA restriactions
You will get what is it like 10 or 25% of that back as a tax rebate when you do your taxes?
Then next year, you withdraw the RRSP.. pay back the debt. boom.

This displays a startling lack of knowledge about how RRSPs work.

When you contribute to an RRSP, you can deduct that contribution (up to a certain limit based on your prior year's income) from your taxable income this year. When you withdraw an amount from RRSP, you pay income tax on the withdrawal as income in that year. The theory is that you only withdraw it when you retire, when your income (and therefore your marginal tax rate) is low compared to when you were earning lots and contributing. So your plan is pretty much totally unworkable unless you know you will be earning zero next year.

[kanimara]

Thanks.

So it's worth doing for the interest (or gain you get on investing), but limited to the dollar amount that will push you into the next tax bracket?

You get X% taxes back this year, you pay the same X% taxes back next year. You gain interest on that amount + the amount you put into your RRSP. More bang for your buck.

[kanimara]

Went for one of each cards.

For MBNA, BR6A didn't work.
However she told me a code.. BOML. Possibly B0ML.

[Azxster]

You can ask them to send you the promotional cheques which takes 8 business days to arrive.

[bb_sam]

The Citibank 0% offer says that they charge a 1.5% transfer fee "unless waived or reduced". Has anyone had them "waive or reduce" this fee? Under what circumstances will they do this?

[Pseudo Nim]

If you miss a payment, the special 0% interest deal is off and you will be charged the full-blown interest rate. This is the only thing to be very careful about with 0% interest credit cards... Miss a payment or forget to pay the whole amount before the end of the offer and you will end up paying more interest then what you made if you put it in a High-Interest Savings account.

Interestingly, I missed a payment with Citi (they screwed up though, and didn't withdraw from my bank even though I told them). I called in ready to fight to the upper echelons since it was their mistake, but although my account was past due, the interest rate did not lapse, so the CSR told me to pay the minimum payment immediately (which was approx. 2x the normal one) and the rate stayed at 0% after that. Not that I'm saying you should miss a payment - but should it so happen, you aren't completely screwed. MBNA has also reversed an interest charge for me once where I completely and honestly forgot to mail in a cheque, called in, explained and they reversed it so long as I paid at least 2x monthly payment that month or something along the lines.

[Pseudo Nim]

The Citibank 0% offer says that they charge a 1.5% transfer fee "unless waived or reduced". Has anyone had them "waive or reduce" this fee? Under what circumstances will they do this?

It is either new or I've never heard of this before - I've done BT's twice so far with Citi and they haven't charged me 1.5% even once. MBNA, however, DOES charge you... so be careful.

[mangoman]

Got charged 1% for the transfer into my bank account (only found out when the statement finally came). :mad:

Incidentally, got the card and the papers promptly however the first statement never came and I probably would have missed my first payment if I hadn't bothered to check over the phone how much my minimum payment was supposed to be.
:mad:

[bb_sam]

Got charged 1% for the transfer into my bank account (only found out when the statement finally came). :mad:


I just called Citibank. They said that there are offers out there that do not have any transfer fees and there are some with fees as high as 1.5%. It's the luck of the draw, I suppose. Unless of course, someone on RFD's wants to post their three digit code for 0% with no fee! ;)

[pigqq]

I just called Citibank. They said that there are offers out there that do not have any transfer fees and there are some with fees as high as 1.5%. It's the luck of the draw, I suppose. Unless of course, someone on RFD's wants to post their three digit code for 0% with no fee! ;)

where do you see the 1% transfer fee for citi?
Edit: sorry, I saw it.

[monty555]

Good evening!

I tried to read through the thread and get some information regarding these offers. Thank you OP for the info and thanks to everyone who have given their input.

I would like to do a BT to CITI MC from my TD Visa. I got approved last June 2007 for an MBNA card and did a BT. Now, I was hoping to get another card with a 0% BT.

I just have a few questions. With all the codes written and with all the discussion jumping from CITI MC and MBNA, I got a little confused.

1) Which code still works? Does the T7A still work? If not, can anyone still provide some information as to which code is acceptable?

2) What are my chances of getting the CITI MC? I have not missed a single payment in my CCs. I have 3 existing CCs (TD Visa, MBNA and a dept store card - HBC MC).

3) Is it better to apply over the phone? Or do I apply over the web?

4) Aside from CITI and MBNA, which CCs do you suggest for BT?

Any information would be greatly appreciated. Thank you very much.

[monty555]

:arrowu: :arrowu: :arrowu:

If anybody can help me regarding the following (please see above post), I would appreciate it a lot.

Thank you.

[isthatallugot]

if u click the link and it doesnt say page not found on the CITI site, then just click apply at the bottom.

[edmondt]

I got my mbna platinum plus card 20,000 limit with 0% till Feb 6th 2009. I did a balance transfer of 19700 and the rep told me there is a one time 1% fee ($197) on the transfer :S

I went ahead with it, but called another rep to verify this, and both time there is a 1% fee... is this normal?

I called for the third time and the special balance transfer cheques carries a 1% processing fee as well.

Summary
$19700 at 4.10% interest is $807.7 - $197 fee... hmm looking at $610.70 (calculating at basic interest) after a year.

Not bad :)

[JohnyM]

Summary
$19700 at 4.10% interest is $807.7 - $197 fee... hmm looking at $610.70 (calculating at basic interest) after a year.

Not bad :)
Did you take into account the minimum you need to pay every month?
Unless you are planning on paying minimum from other sources, your total saving would be way less.

[edmondt]

Did you take into account the minimum you need to pay every month?
Unless you are planning on paying minimum from other sources, your total saving would be way less.

Rep told me the minimum is $10 per month. I printed their pre-authorization form here: http://www.mbna.com/canada/pdf_files/pads_eng.pdf

... and faxed it to: 1-800-871-0994


Pre-authorized Debit: Download the Electronic Debit Authorization Form

Complete the form and mail to:
MBNA Canada Bank
P.O.Box 9625 STN T
Ottawa, ON
K1G 9Z9

Or fax to: 1-800-871-0994

[chuppe]

Did you take into account the minimum you need to pay every month?
Unless you are planning on paying minimum from other sources, your total saving would be way less.

If I'm not mistaken, the minimum payment is 10$/month, so the impact on savings will be insignificant.

However, you have to take into account that this is taxable income. That will take out a lot bigger chunk of your earnings then anything else!

[Slider0906]

I got my mbna platinum plus card 20,000 limit with 0% till Feb 6th 2009. I did a balance transfer of 19700 and the rep told me there is a one time 1% fee ($197) on the transfer :S

I went ahead with it, but called another rep to verify this, and both time there is a 1% fee... is this normal?

I called for the third time and the special balance transfer cheques carries a 1% processing fee as well.

Summary
$19700 at 4.10% interest is $807.7 - $197 fee... hmm looking at $610.70 (calculating at basic interest) after a year.

Not bad :)


On the web page link yu gave the MBNA balance transfer says 1.9% for 6 months. So, do you have to ask for 0% till Feb 09 in order to get it?

[nickctn]

On the web page link yu gave the MBNA balance transfer says 1.9% for 6 months. So, do you have to ask for 0% till Feb 09 in order to get it?

You can't apply online for MBNA, you need to call:

MBNA 0% for 15 months
call 1-866-544-4104 and quote offer code BODX

[Kocur]

You can't apply online for MBNA, you need to call:

MBNA 0% for 15 months
call 1-866-544-4104 and quote offer code BODX

It seems that MBNA now requires you to fax a copy of the offer to them.
I was able to get $12,500 w/o faxing. Thanks OP.
Kocur

[st7860]

tested 11/21/2007 still works http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

[nickctn]

It seems that MBNA now requires you to fax a copy of the offer to them.
I was able to get $12,500 w/o faxing. Thanks OP.
Kocur

That's odd, I actually applied for my MBNA last night and they didn't ask me fax in a copy of the offer...

[davidwfernandes]

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

Hi Guy's,

I used this link to apply for the CitiBank card and it asked me from the credit card I want to transfer from. I noticed there is a balance transfer fee on the contract online if you use cheques however what if you do it online? Will I get charged a balance transfer fee?

I appreciate everyones help in advance.

Thanks

[Kocur]

That's odd, I actually applied for my MBNA last night and they didn't ask me fax in a copy of the offer...

Yes, to apply they gave me no problems.
However, when I called to activate and asked to confirm the 0%, they told me that i don't have the 0% rate. They offered me 0.99% (or could've been 1.99%)for 8 months or to fax a proof that I had the 0% offer in hand.
Kocur

[neos]

I already have the MBNA Platinum Plus card and haven't used it in many years, mainly for lack of good incentives. Has anyone signed up for the BODX promotion despite already having the card?

[netcbc]

I already have the MBNA Platinum Plus card and haven't used it in many years, mainly for lack of good incentives. Has anyone signed up for the BODX promotion despite already having the card?

Yap I did, they didn't mind, you can always verify with the rep to be sure...... my new card had a small limit though because my old one had a high one, but they consolidated both card and gave me 0% on the sum of th 2 limits, MBNA is awesome!

[burkey]

I apologize if this question has already been asked, but if I have a citibank card with 0% interest until May, could my wife apply for the newest deal with 0% interest until Nov/08 and do a balance transfer?

Thanks

[rockbottom]

I apologize if this question has already been asked, but if I have a citibank card with 0% interest until May, could my wife apply for the newest deal with 0% interest until Nov/08 and do a balance transfer?

Thanks

I don't seee why not; in fact my wife did just that and is waiting for the approval.

[thebat88]

Question, if we pay the minimum payment, it simply reduce the amount of principal that we owe correct?

So say $10,000 initially, with 3% min payment, the next statement, I should owe CITI $10,000 - $300 = $9700

[pigqq]

Question, if we pay the minimum payment, it simply reduce the amount of principal that we owe correct?

So say $10,000 initially, with 3% min payment, the next statement, I should owe CITI $10,000 - $300 = $9700

Yes. But you have to make sure all your balance is from BT but not purchase or cash advance.

[ejej]

Yes, to apply they gave me no problems.
However, when I called to activate and asked to confirm the 0%, they told me that i don't have the 0% rate. They offered me 0.99% (or could've been 1.99%)for 8 months or to fax a proof that I had the 0% offer in hand.
Kocur

So, anyone willing to post a PDF of the original offer so we can all fax it in?

[Keigotw]

tested 11/21/2007 still works http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

I fill out the info
when I click continue
Nothing happens

under the explorer I can see ! error on page

but no idea what error

[Slider0906]

First I thank everyone for all their effort in finding people the best rates around. Thank You

So after all this I applied for a citi card and got one with a BT of .09%.
So I phoned and asked if I can get that reduced to 0% using the information provided in the above threads and there answer was FORGET IT. "you applied for this card and that's what you get"
Has anyone ever got there rates changed ever.
I still don't have my card yet as they just approved me.

Thanks in advance.

[Stetson717]

When I applied for the CITI bank mastercard, I asked for a $5000 Balance Transfer to my chequing account. Today, I got my card in the mail and I was approved for $8000 at 0% til November 2008. THANK YOU RFD!!!!

[LoveRFD]

Just want to ask you guys a question: since the MBNA card offers for 15 months 0% so it's better than the CITI one, why do a lot of people still apply for the CITI one not the MBNA one? Or do they apply both?

[st7860]

the mbna one has a transaction fee.

[LoveRFD]

the mbna one has a transaction fee.

Thanks. Could you update your first post put this info in?

[LoveRFD]

I fill out the info
when I click continue
Nothing happens

under the explorer I can see ! error on page

but no idea what error

I got the same error!:mad:
Can't apply online?

I figured it probably has something to do with Windows Vista, seems to be ok with XP. Were you using Vista when you applied?

[pulsar]

the mbna one has a transaction fee.

Citi also has a fee (1.5%), for transfer cheques/balance transfer if you read their terms. However, it does have a qualifier on it that says "unless waived".
LINK (http://www.citicards.ca/cgi-bin/gohttps?/canada/cards/direct/pdf/p5a07_gd_00_na.pdf)

[st7860]

I got the same error!:mad:
Can't apply online?

I figured it probably has something to do with Windows Vista, seems to be ok with XP. Were you using Vista when you applied?

the citibank site is just cranky. if it doesn't work, try it again later. people have been reporting problems with it for years.

citibank transfers for 0% don't have a fee.

[LoveRFD]

the citibank site is just cranky. if it doesn't work, try it again later. people have been reporting problems with it for years.

citibank transfers for 0% don't have a fee.

Thanks. I just tried on a Windows XP machine and it worked no problem. The online application was really quick and easy. They seem don't ask you a lot of questions.

[Stetson717]

make sure you use IE instead of Firefox. I had the same error but then I decided to used IE and the application went through.

[max88]

the citibank site is just cranky. if it doesn't work, try it again later. people have been reporting problems with it for years.

citibank transfers for 0% don't have a fee.

What out for BT fee in the fine print. Older cards don't have, but newer ones do have a BT fee up to 1.5%.

[st7860]

you are right.

i have both the citi gold and citi petro.

once in a while the paper spam checks they send have a 1.5% transaction fee. there seems to be no rhyme or reason. however, when they are free, they also waive the $3 cash advance fee for using the checks.

[mgronqui]

This is awesome! I just applied for the citi gold and am awaiting their mail for approval.

If I took money out of the card, will there be any fees? So just to clarify, I won't have to pay anything for a year?

i'm going to invest the whole amount in either a GIC or a high interest savings account :)

[canadiandollars]

Does anyone have experience with applying for a 0% interest CITI bank mastercard when they already have the enrich platinum card? What I'm wondering is will they automatically reject you if you already have a card with them?

This sounds very tempting. Btw, what are some of the limits that you guys are getting? Is anyone being approved for 20K+? If so, I'd like to hear about it.. That could make getting the card very worth while (in terms of earning interest off @ ~ 4% per annum)

[loconite]

As of Dec 03/07 @ 2:45pm

- 0% interest for 15 months (for transfers only) still available
- Code BODX works
- 1% fee for every transfer balance amount
- Transfers include other credit cards, line of credit, and loans
- Limits are from $5500 to $100K

Apply by calling 1-866-544-4104...use code BODX

Enjoy............................................. ....................

[st7860]

0% on citibank still wroks, tested 12/3/2007 332pm Pacific Time.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

If you already have a citibank mastercard, you can still try to sign up. Just change your info around a bit, but use the correct name and correct birthdate.

for example, change apartment to unit, and st to street, change as much as you can. it works.

[dablackgoku1234]

0% on citibank still wroks, tested 12/3/2007 332pm Pacific Time.
http://www.citicards.ca/canada/cards/direct/e_offer.cgi?access_code=T7A

If you already have a citibank mastercard, you can still try to sign up. Just change your info around a bit, but use the correct name and correct birthdate.

for example, change apartment to unit, and st to street, change as much as you can. it works.

Does that mean they will mail u a new card? so...u have 2 citi bank gold mastercards? isnt having too many credit cards bad?

[st7860]

yes. if it works they will send you another card. but there's no annual fee so there's no problem in having 2.

[canadiandollars]

Does that mean they will mail u a new card? so...u have 2 citi bank gold mastercards? isnt having too many credit cards bad?

Having too many credit cards is bad, but having 2 Citi credit cards is hardly 'too many'. As long as you manage your credit fine and don't abuse the credit card (as many people do) you should be fine and should have a good credit score.

[HunkaHunkaBurningLove]

Thanks, I just applied for another one of these. I've got one expiring in January of next year so this will be a handy replacement. I wonder what is the maximum number of these cards a person can have! :lol:

[savin$'s]

Does anyone have experience with applying for a 0% interest CITI bank mastercard when they already have the enrich platinum card? What I'm wondering is will they automatically reject you if you already have a card with them?

This sounds very tempting. Btw, what are some of the limits that you guys are getting? Is anyone being approved for 20K+? If so, I'd like to hear about it.. That could make getting the card very worth while (in terms of earning interest off @ ~ 4% per annum)

I got $10k this year, $8.7k last year.
Two friends got the following...
$17.6k this year and $11k last year.
$13.4k this year, never applied last year.
Definitely worth applying for :cheesygri

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

the link still works today, I was searching the forum for a December link but nothing as of yet.

[DealsSeeker]

Just called MBNA. Was told the rate would be 1.9% for 6 months. I just canceled the application. Will my credit rating be affected?

Is the code BODX expired??? Should I apply again?

[canadiandollars]

you are right.

i have both the citi gold and citi petro.

once in a while the paper spam checks they send have a 1.5% transaction fee. there seems to be no rhyme or reason. however, when they are free, they also waive the $3 cash advance fee for using the checks.

The 1.5% transaction fee almost makes the deal a deal-breaker no? I was thinking of taking the money and investing it in a GIC @ 4%. If 1.5% is taken off that leaves me 2.5% remaining and after tax it'll only work out to maybe 1.7-1.8% :( Might not be as hot of a deal as I originally thought unless... you are able to get a credit limit of 30K-40K+

My two cents...

[shawn99]

CITI agents are smart now, they know these codes are being distributed on the internet and won't allow them unless you fax in the original offer letter with the code. These codes are apprently not send through email ever. Was the agent lying?

Anyone have the original offer letter? Time for photoshop? :D

[paullyn59]

How long before you know if you have been approved for the Citi card? Are you supposed to call and ask after a few days?

[canadiandollars]

I got a call this morning asking where I got the code from. I suspect they're catching on and figuring that people that weren't physically mailed a code are trying to take advantage of the offer.

She basically left a message saying she needed me to fax her the paper that contains the offer code and a fax of my proof of income and employment.

A minor annoyance :(

[LoveRFD]

I got a call this morning asking where I got the code from. I suspect they're catching on and figuring that people that weren't physically mailed a code are trying to take advantage of the offer.

She basically left a message saying she needed me to fax her the paper that contains the offer code and a fax of my proof of income and employment.

A minor annoyance :(

Really? I applied last weekend and got a call on Tuesday to confirm my info, but wasn't asked for any paper.

[Stetson717]

I don't know why people are having difficulties. Could it be due to a lack of credit history?

I went through the process with no hiccups. Once I got my card, I called to activate it and asked for checks to be sent out to me. Today, a rep called me and asked me if I wanted all $8000 of my limit transferred to my checking account with no fees. He basically knew it was free money for a year and reiterated that fact to me a couple times because I was playing coy.

[vu_ho_huy]

I applied for the citi card near the beginning of Nov. On Nov 22 they phoned and asked to confirm address. I provided that. On Nov 30, received a letter asking for the same info. I provided that; again. A month later no joy. How have your experience been with Citi?

[addicted2it]

Just paid off the last remaining balance on the Citi Gold card I had applied in july 06.....Was wondering what would be the best way for me to go about to get the same promotion for a second time....Should i first cancel the current card and then reapply or just go ahead and apply for another gold card or try getting the promo on the old card itself? Any help/advise would be greatly appreciated.

[Pseudo Nim]

I applied for the citi card near the beginning of Nov. On Nov 22 they phoned and asked to confirm address. I provided that. On Nov 30, received a letter asking for the same info. I provided that; again. A month later no joy. How have your experience been with Citi?

Awful. I _hate_ Citi. They wouldn't let me list a cell phone number without proof that it was registered to MY NAME and denied me just based on that (I don't have a land line, and my phone is listed under someone else's name b/c of a long story). They woudln't accept any sort of bills proving I live at this address besides a cell phone bill (which doesn't make sense... if anything, government documents are probably better). I really don't like Citi, but the promotions make it worth jumping through the hoops I guess.

[mgronqui]

I applied last Sunday and I'm still waiting. The site said 3-4 days. I guess I've been rejected?

[coleworld]

Just paid off the last remaining balance on the Citi Gold card I had applied in july 06.....Was wondering what would be the best way for me to go about to get the same promotion for a second time....Should i first cancel the current card and then reapply or just go ahead and apply for another gold card or try getting the promo on the old card itself? Any help/advise would be greatly appreciated.

I cancelled my card in September and reapplied 2 weeks later. I was not qualified as they said you have to wait 6 months to reapply for the same offer... I spoke to a number of reps there who said the same thing... I will be waiting until march to reapply.

[stevstevd]

I am furious with CITI....Bunch of scams it is:

I applied, got approved, had to send fax with my phone number and drivers licence. Ok, great, sent it, hadent hear back for couple weeks, decide to call them and they said we got your fax, but its a bit too dark and can't read it...(So why didn't they call to ask me that???) Anyway, that is minor.

Next, I get the card approved for 11000, but no cheques included so i can do the balance transfer, I call and they say that 3 cheques will be in the mail and should arrive any day and that I use those cheques for balance transfer at 0%.

So the cheques come, I use it for 11000$ and the following day i get 3 more cheques...HMMMMM...So i call CITI and they said the cheques I used were at standard rates. WTF. How was I supposed to know. They say they will let it slide this time, but I still have to call later when the payment actually shows up on there end.

Anyone with CITI, MAKE SURE YOU USE THE SECOND SET OF CHEQUES, or else you'll be paying a fortune in interest. Now, hopefully they don't charge 1% fee or something on this.

[addicted2it]

Just paid off the last remaining balance on the Citi Gold card I had applied in july 06.....Was wondering what would be the best way for me to go about to get the same promotion for a second time....Should i first cancel the current card and then reapply or just go ahead and apply for another gold card or try getting the promo on the old card itself? Any help/advise would be greatly appreciated.

:arrowu: :arrowu: Anyone else who can share their knowledge/expereince on the above...:|

[lovetodeal]

:arrowu: :arrowu: Anyone else who can share their knowledge/expereince on the above...:|

I asked for the 0% interest promotion on my old card and the CSR at first said it was no problem, that it would be easier to do that than reapplying. However, he asked me to fax in the promo info I received in the mail, which I didn't have. Then a supervisor said the promo was already over and just wouldn't give me the promo. In the end, I had to cancel the card and then reapply a few days later online and received a new card with the 0% promo and a higher limit. I think the best way is probably to cancel your old card and reapply for one.

[g_goo_goo]

I am furious with CITI....Bunch of scams it is:

I applied, got approved, had to send fax with my phone number and drivers licence. Ok, great, sent it, hadent hear back for couple weeks, decide to call them and they said we got your fax, but its a bit too dark and can't read it...(So why didn't they call to ask me that???) Anyway, that is minor.

Next, I get the card approved for 11000, but no cheques included so i can do the balance transfer, I call and they say that 3 cheques will be in the mail and should arrive any day and that I use those cheques for balance transfer at 0%.

So the cheques come, I use it for 11000$ and the following day i get 3 more cheques...HMMMMM...So i call CITI and they said the cheques I used were at standard rates. WTF. How was I supposed to know. They say they will let it slide this time, but I still have to call later when the payment actually shows up on there end.

Anyone with CITI, MAKE SURE YOU USE THE SECOND SET OF CHEQUES, or else you'll be paying a fortune in interest. Now, hopefully they don't charge 1% fee or something on this.

The best thing to do is to call them as soon as you get the card - usually to activate it and do a balance transfer with the agent. They will be able to do it for you and won't have to worry about transferring on the wrong check... And CITI does not charge you 1% transfer fee only MBNA does.

[g_goo_goo]

:arrowu: :arrowu: Anyone else who can share their knowledge/expereince on the above...:|

1. Apply for another card... once you get it cancel your existing one. (obviously your limit will be less)
2. Cancel the card... apply for a different card (MBNA - get the 0% for 16months - 1% surcharge on transfers) wait 6 months then apply for the CITI again.

[stevstevd]

The best thing to do is to call them as soon as you get the card - usually to activate it and do a balance transfer with the agent. They will be able to do it for you and won't have to worry about transferring on the wrong check... And CITI does not charge you 1% transfer fee only MBNA does.

Well, its settled now, they made the switch and I am at 0% now for my transfer. It's true, it would have saved trouble to do the balance transfer over the phone, but I usually use the provided cheques. One time a different credit card company recommended I do it that way since I wasn't "transfering a balance" - I was simply adding the funds to my bank account (ie. cash advance).

I am glad it all worked out.

[savin$'s]

I asked em to transfer the cash to my LOC at TD and they (TD) refused the money... I was calling back to CITI because the guy left me a voice mail saying to call. He then stated they refused the cash transfer and he wanted to know if I would like him to send me the 0% checks. I had just received em so I said no and put the money in the bank.

This unfortunately took almost 1 month at this point... Don't know if it is best to do the transfer on the phone or wait for the checks. I know they (CITI) try to send you a few different sets of checks, some that don't offer the 0% deal usually show up before the ones that will work :)

[st7860]

as of Dec 21 2007 , this link still works.

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

[canadiandollars]

as of Dec 21 2007 , this link still works.

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

question is there still a transfer fee for taking advantage of this deal or is it still 0%?

[savin$'s]

question is there still a transfer fee for taking advantage of this deal or is it still 0%?

no fees, this is the best!:razz: Hurry before they shut it down>:(

[bomber317]

I just applied for the card today.

I currently have a Platinum Enrich card, so we'll see what they say.

Also, i'm curious if they're going to ask for a fax of the original offer? Where did this offer come from? Anybody have this letter or is it personalized to the recipient?

Thanks

[najibs]

Just a heads up, make sure you read the card holder agreement, because according to it, the last day for transferring balances eligible for 0% is December 31st!!!

I applied for the card December 12th, and have not received the card yet. All I can do is hope that I receive it soon, to be able to do the balance transfer.

How long did it take you guys to get your cards from the date you applied?

[st7860]

a cash advance from the ATM always has a $3 fee.

checks or transfers by phone don't have a fee. instead of fiddling with checks you can just phone citibank and ask them dump the entire credit line into your checking account then you can spend or invest the money as you like.

[canadiandollars]

Thanks OP.. just applied online hopefully I get in on this sweet deal again.

Will post back on this thread if I get in. Hopefully I am approved for 20K or more! Sweet Deals!! :D

[sunnyd71]

I got 10k from MBNA but Citi only gave me $1000. Either my credit score took a nose dive or Citi has fallen on desperate times with their stock price dropping like a rock.

[pigqq]

I got 10k from MBNA but Citi only gave me $1000. Either my credit score took a nose dive or Citi has fallen on desperate times with their stock price dropping like a rock.

That could be MBNA and citi use different credit company's service. As I know, MBNA uses transunion and citi uses Equifax.

[CrashTestSnoopy]

I got the CITI card last month and was planning to get the mbna one as well.

However I have a Canadian Tire Options Mastercard and was thinking of cancelling that before applying for the mbna one so I could have a better chance of getting a higher limit.

Do I need to wait a certain number of days or will keeping that card not make a difference at all in terms of the amount of credit I'll receive if I get the mbna?

Please advise, thanks.

[st7860]

don't cancel the canadian card. it has no annual fee so its pointless to cancel it, even if you don't use it.

as for the citibank card, increase your income as much as possible, for example if you have a spouse, enter that under other/household income.

[dlander]

Just a heads up, make sure you read the card holder agreement, because according to it, the last day for transferring balances eligible for 0% is December 31st!!!

At this point I dunno if I should even bother to apply.

[najibs]

I got 10k from MBNA but Citi only gave me $1000. Either my credit score took a nose dive or Citi has fallen on desperate times with their stock price dropping like a rock.

That could be MBNA and citi use different credit company's service. As I know, MBNA uses transunion and citi uses Equifax.

I got the card today int he mail, but was only approved for $3000 :| WTF? I think I may have made the mistake in the application when they ask for your income. Apparently I entered my own income, but it was asking for "household income" which would be me and my wife, and that would have doubled it. I wonder if that's to blame...hmmmm?

[canadiandollars]

when did you apply and how long did it take for them to process your application?

$3000 is so low you won't make any interest on doing it. :( You should call them up and ask for a higher limit! :D

[najibs]

when did you apply and how long did it take for them to process your application?

$3000 is so low you won't make any interest on doing it. :( You should call them up and ask for a higher limit! :D

I applied on the 12th or 13th, and I got it yesterday, the 27th. Keep in mind it was smack in the middle of the holiday season. I should call them up for a higher limit.

[Sat_RedFlag]

My year is almost up with CITI and I will have pay off the balance soon, has anyone tried to extend the year? Or has anyone been able pay the balance off and apply for another CITI card?

Thanks OP - I was able to invest the cash and now have enough for a 5star vacation, best hot deal/freebie ever!!

[mark_in_2k]

Thanks OP. I just applied on the phone for the MBNA 0.0% for 15 mnths.

I was listening to the automated message at the end of the call, and I heard briefly that there is a charge for balance transfers. Is this correct? I was hoping to move some of my money from other cards onto the 0% MBNA acount. Is this possible?

[najibs]

I just activated my card and performed a balance transfer. It was easy as pie. Just call them, rather than waiting for those cheques in the mail.

Apparently it's not only until Dec 31st that I can do balance transfers. I can do them afterwards if I want to, the only thing is, my 0% BT expires December 28th, 2008. Which is one year from today, when I did my firs tbalance transfer.

Thanks RFD, hot deal, and I'll be saving lots of money (hundreds) I would have lost to interest.

[najibs]

Thanks OP. I just applied on the phone for the MBNA 0.0% for 15 mnths.

I was listening to the automated message at the end of the call, and I heard briefly that there is a charge for balance transfers. Is this correct? I was hoping to move some of my money from other cards onto the 0% MBNA acount. Is this possible?

Yes, I believe it's 1% charge for balance transfers. Hence why I got the Citi card instead, there's no charge for BT.

[Jackie Chan]

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

[metro]

Just a heads up, make sure you read the card holder agreement, because according to it, the last day for transferring balances eligible for 0% is December 31st!!!

I applied for the card December 12th, and have not received the card yet. All I can do is hope that I receive it soon, to be able to do the balance transfer.

How long did it take you guys to get your cards from the date you applied?

Crud, just applied (Dec 28). No chance in hell getting this on time. Time to give citi a call...

[najibs]

Crud, just applied (Dec 28). No chance in hell getting this on time. Time to give citi a call...

Actually, if you read my last message, I got and activated the card today, and called for a BT and they told me the 0% BT offer was good for a year from the day you do your first balance transfer, so as long as you've applied already it shouldn't be a big deal if you get the card AFTER Dec 31st according to what I was told. So, that said, the deal is still on...

[metro]

Actually, if you read my last message, I got and activated the card today, and called for a BT and they told me the 0% BT offer was good for a year from the day you do your first balance transfer, so as long as you've applied already it shouldn't be a big deal if you get the card AFTER Dec 31st according to what I was told. So, that said, the deal is still on...

When i called I asked if that was true and the customer service rep said it wasnt... I guess Ill call back when I get the card and ask to speak to someone in management I suppose.

[ch08532]

So I applied for the Citi 0% this morning but didn't indicate any balance transfers. Based on the terms of agreement, I will pay full pop after Dec 31st for BT's (which kills the deal for me). Want to pay off 10K LOC used for a downpayment on a new home. So, anybody knows for sure I can still make BT at 0% AFTER Dec 31st?

Thanks

[canadiandollars]

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
wait

the $441 vs $10 /month from Citi vs MBNA is against your PRINCIPLE amount anyway. I don't think it's a major disadvantage. It's not like this payment is on interest...

[charliebrown]

wait

the $441 vs $10 /month from Citi vs MBNA is against your PRINCIPLE amount anyway. I don't think it's a major disadvantage. It's not like this payment is on interest...

in a way, it is...

that's $431 each month that you could've saved up and earn interest.

So, suppose you put the original $21K in a GIC, you'd have to find $400 each month; or if you put the money @ ING/PC/etc, you'll have a smaller balance each month earning interest

it's still "free" money i guess...

[Tedder]

in a way, it is...

that's $431 each month that you could've saved up and earn interest.

So, suppose you put the original $21K in a GIC, you'd have to find $400 each month; or if you put the money @ ING/PC/etc, you'll have a smaller balance each month earning interest

it's still "free" money i guess...

I'm putting mine against my CT One & Only account. Once my year is up, I'll write a cheque from the account and pay it back in full. In the meantime, I just saved all the interest on $20K of my debt.

[ch08532]

So I applied for the Citi 0% this morning but didn't indicate any balance transfers. Based on the terms of agreement, I will pay full pop after Dec 31st for BT's (which kills the deal for me). Want to pay off 10K LOC used for a downpayment on a new home. So, anybody knows for sure I can still make BT at 0% AFTER Dec 31st?

Thanks

Ok, just called Citi and spoke to a CSR in applications. The offer is good until Nov 2008 of course so as long as you get the application in before end of year and get your card and most importantly the BT cheques 4-6 weeks later you will be good for the 0% BT promo. Now I just have to wait and still pay 7% interest on my LOC for another month...then I'm interest free until my new house is built!

So, today is the last day to sign up for the promo (based on the TOA document)

https://www.citibank.com/canada/cards/direct/pdf/p5a07_gd_00_na.pdf

[st7860]

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

[savin$'s]

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:

[jmlleung]

I got my Citi credit card, and the CL is only $5,000. I call the 1-800 number, and they said that they can't increase the CL in the first 6-9 months. Is that true? Has anyone called and has successfully got their CL increased? Thanks.

If not, shall I wait 6-9 months, try to ask for a CL increase, and then perform the BT? Do I have to actively use the card? Will it increase my chance of getting a higher CL increase?

[watungga]

I got my Citi credit card, and the CL is only $5,000. I call the 1-800 number, and they said that they can't increase the CL in the first 6-9 months. Is that true? Has anyone called and has successfully got their CL increased? Thanks.

If not, shall I wait 6-9 months, try to ask for a CL increase, and then perform the BT? Do I have to actively use the card? Will it increase my chance of getting a higher CL increase?

That credit limit is what you can get right now, unless you wanna get your credit score take another hit for requesting credit increase. That's a hard hit first time, 2 demerit points, I think, and it will be added back after 6-9 months. Then you can re-apply for another increase and get another demerit again.

[slotscanada]

Thanks - applied today for the CITI card - thanks everybody.

[dandon]

Anyone knows how to banlance transfer the house mortgage?

[nolookingca]

Received mailer today, don't think it has been posted yet:
0% - 12 months, code BTZP (although code on application starts with BTZO), number listed: 1.877.428.6060, expires Feb 15, 2008

Also: 1.9%, 10 months, BT8J, 1.866.434.9393

[watungga]

Received mailer today, don't think it has been posted yet:
0% - 12 months, code BTZP (although code on application starts with BTZO), number listed: 1.877.428.6060, expires Feb 15, 2008

Also: 1.9%, 10 months, BT8J, 1.866.434.9393

This MBNA credit services. Therefore, 1% fee for balance transfer in effect?

[najibs]

Anyone knows how to banlance transfer the house mortgage?

lol, you must have a massive credit limit.

[canadiandollars]

lol, you must have a massive credit limit.

Hmm not necessarily. If a person only has 15-20K left on their mortgage, they could in theory transfer their mortgage to it. In theory.