Similar to this deal but this time gift card value increased to $200.
https://www.ozbargain.com.au/node/681044
Bonus $200 eGift Card with Citi Quick Cash $2500 or More (0.90% Fee - 6 Months / 1.9% Fee - 12 Months)
200
R14 on 20/10/2022 - 17:31 cloud.notifications.citibank.com.au (583 clicks)
Last edited 02/11/2022 - 09:08 by 1 other user
Last edited 02/11/2022 - 09:08 by 1 other user
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Its an offer you can get if you hold a Citi Credit Card already. Basically a cash advance but you get a $200 gift card for doing it. The fee works out to be ~$24.75 so its a ~175 profit.
Is that fee based on $2500 over 6 months, including interest? Do you save any if you pay off early?
$2500 x 0.9% = $22.50. Is the rest interest?
There is no interest.
It’s a once off upfront fee %
No, paying it off early does not save you any money
@grasstown: Thanks. My offer (in my account, didn't get email) is 1.45% for 6 months, so FPO fee is $36.25.
Still probably worth it.
(Just an FYI - the link goes to Ready Credit which is not the same thing.)
Alas, my most recent offer was a 3.99% fee and no gift card, which is no good. Will have to wait to get back onto the Ready Credit gravy train it seems.
Cheers applied and got $2501 instant in my account
Cannot figure out how to setup auto pay for installmentsEasy $175 reward
Payments automatically deduct/charge to your card account
How does this work if you use the credit card? Does it open a separate line of credit to your month to month payments?
Whatever you choose to receive takes it off your credit limit. So a $6k limit with the $2.5k citi cash will leave you with $3.5k.
Awesome - so I assume you can pay it back separately to using the card?
Don't touch this if you are doing Payall, last one ruined my limit and payments until I payed it off in full (thus breaching terms for gift card). Lesson learnt to leave well enough alone
Presumably okay if you have the offer on a different card from the one you are using for Payall? Or does it screw the whole account?
Nah just screwed the same card , different accounts should be fine
If I do 2.5k and still 2k payall every month. Would that work?
@freedomofspeech: That's what I tried, but the 2.5k cash adjusted my credit limit by 5k (double). They couldn't fix it, and as such my payalls wouldn't work. Not worth the risk imo
@cook99: Ok i see.. took 2.5k which reduced my limit by 2.5k and then for each payment it lowers the limit as well for that month.
Considering just overpaying the credit card by 1 or 2k so it should be fine@freedomofspeech: If you over pay the card that is treated as paying off the Citi quick cash early (ahead of payment schedule) which voids the gift card
I have a 0% balance transfer on my card which runs to next May. The same card also has this offer. If I take it up, will it affect the BT?
damn it. didn't receive the offer :(
does it affect your credit rating? i.e additional credit enquiry?
No
thanks, figured that out from previous responses. thanks anyway
They must be desperate.
Recieved same offer today again.
Previous offer expired 31/10I called them, and it's a "new cycle", meaning eligible for the $200 giftcard again.
Wow pretty good
Hi all, I applied and received 2500. However I never receive any email re. the 200 e-gift card. Do I receive the email link after few days? Or I will receive the email right after I received the 2500? I got the 2500 few days ago. Thank you so much.
You need to wait 16 weeks for the gift card.
Will they email it to you?
Did you get billed for 1st installment yet
They still havent billed me for 1st installment so i transferred a monthly amount equivalent to my credit card and it just reduced the monthly installment.
Any insight on how to pay installments
Just got yet another $200 egift card offer for the citi quick cash (min $2500 with 0.99% fee)
At this pace i may need to increase my credit limit to allow for one offer per month lol
What is this a credit card?