I NOW Know What Citi Card I Want

[baller4life]

Sept 7th

[Ghoshida]

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@baller4life wrote:
Sept 7th

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Thanks Baller.

Will check back again then.

[bz386]

Another data point.: applied and was instantly approved. No previous relationship with Citi. CL $8200 and 22% APR.

I am confused. Why does anyone care about the APR on this or any other cash back card? Are people really foolish enough to carry a balance on them? You do realize that the APR completely wipes out any cash back? You shouldn't charge stuff to a credit card if you can't afford it.

[Anonymous]

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@bz386 wrote:
Another data point.: applied and was instantly approved. No previous relationship with Citi. CL $8200 and 22% APR.

I am confused. Why does anyone care about the APR on this or any other cash back card? Are people really foolish enough to carry a balance on them? You do realize that the APR completely wipes out any cash back? You shouldn't charge stuff to a credit card if you can't afford it.

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Yes, people are that foolish. Millions of people around the world are that foolish. What individuals should do and what they actually do sometimes differ.

[negg]

Citi is rewriting there T&C hence no PC till then.   

  This coin thing is going to die real quick. IPhone 6 will have NFC which means it can hold all your cc info and you just scan your phone for the charge. Think Starbucks 

[mongstradamus]

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@bz386 wrote:
Another data point.: applied and was instantly approved. No previous relationship with Citi. CL $8200 and 22% APR.

I am confused. Why does anyone care about the APR on this or any other cash back card? Are people really foolish enough to carry a balance on them? You do realize that the APR completely wipes out any cash back? You shouldn't charge stuff to a credit card if you can't afford it.

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you never know what will happen in life so lower apr would be better, especially if you worked really hard to have clean credit and high fico score. They shouldn't just throw 22.99 apr and everybody should take it with no complaints imo. 

[jsucool76]

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@negg wrote:

Citi is rewriting there T&C hence no PC till then.   

  This coin thing is going to die real quick. IPhone 6 will have NFC which means it can hold all your cc info and you just scan your phone for the charge. Think Starbucks 

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Very similar to what android has been doing for years.....

and it commences 

[gh17]

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@chalupaman wrote:

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@baller4life wrote:

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@chalupaman wrote:

So this customer service rep said that PCs aren't possible with my kind of card and that I'd have to app for this card if I really wanted it. No way to consolidate limits. Wow Citi.

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That sucks. I thought all cardholders could pc. I would try a different rep just to double check.

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I've actually gotten different responses. A few reps said after September I could look into a PC cause it will be after my account with them turns a year old. This rep I just talked to kept saying that because it's a student card, PCs aren't possible but yet again she had no idea they discontinued the card until I told her.

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You're trying to PC the Forward?  This card looks nice but not enough for me to sacrifice my favorite card

[bz386]

If people have worked hard to rebuild their credit, you would think they would have at least learned what destroyed it in the first place. If you really think you might need to carry a balance again some time in the future, get a credit card with a low APR, high credit limit and no rewards from a local credit union. Or better yet - start building an emergency fund.

Anyway, I guess I am drifting off topic...

[longtimelurker]

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@bz386 wrote:
If people have worked hard to rebuild their credit, you would think they would have at least learned what destroyed it in the first place. If you really think you might need to carry a balance again some time in the future, get a credit card with a low APR, high credit limit and no rewards from a local credit union. Or better yet - start building an emergency fund.

Anyway, I guess I am drifting off topic...

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I think the other point is that the offered APR in some sense indicates the "quality" of the relationship, how Citi views you, as creditworthy or otherwise.   So a high APR may also have implications for how CLI requests will be received etc.