topic Re: Double cash no more purchase promo in Credit Cards

Double cash no more purchase promo

kdm31091 — Mon, 25 Apr 2016 18:18:34 GMT

It appears that at least for direct apps on their site, Citi has removed the 0 percent for purchases on the double cash. It's only for BTs now. My guess is they are trying to collect more interest to make up for the 2 percent rewards. A 0 percent on purchases doesn't help them do that.

Just my speculation but if you want the card, you may want to get it sooner than later. It seems maybe they are trying to squeeze out profit and if that doesn't work out, may pull the plug.

Re: Double cash no more purchase promo

Anonymous — Mon, 25 Apr 2016 18:28:08 GMT

wow that's fascinating... I got mine about a month ago and I'm pretty sure I still got the 0% APR deal... that is a generous generous offer if you think about it! esp combined with the 2% back...

I really wonder what impact this will have on long term future of the card... say they start losing $$... will they just cut off signups and keep everyone grandfathered or are they likely to cut off signups and slash everyone down to 1.5% or even worse, 1%? I hope you at teh very least will get grandfathered in... even if they stop signing people up...

Re: Double cash no more purchase promo

Anonymous — Mon, 25 Apr 2016 18:31:10 GMT

Realistically it's not that big of a deal. In order to get the 2% you need to purchase and pay. If you're purchasing and riding a balance you got 1% for purchases but only the other 1% on the pieces you pay. It's such a long and convoluted system it won't feel like a 2% card. They shouldn't have offered the 0% purchase to begin with IMO.

Re: Double cash no more purchase promo

Sharingan — Mon, 25 Apr 2016 18:39:46 GMT

Citi has either pulled or changed the introductory/bonus offers on several of their cards recently, including the ThankYou Premier. Do you also believe it has profit issues too that may result in Citi pulling the plug on it as well? I highly doubt it. I don't believe these changes are indicative of much at all except that banks may not be as inclined to entice people to their credit cards as aggressively as they used to.

Re: Double cash no more purchase promo

kdm31091 — Mon, 25 Apr 2016 18:36:35 GMT

I do think they may revamp the Thankyou Premier soon, what with removing the bonus and all. But who knows? They seem to be changing up their lineup though. Whether that will result in any major changes, who knows.

Re: Double cash no more purchase promo

Anonymous — Mon, 25 Apr 2016 18:37:19 GMT

@kdm31091 wrote:
It appears that at least for direct apps on their site, Citi has removed the 0 percent for purchases on the double cash. It's only for BTs now. My guess is they are trying to collect more interest to make up for the 2 percent rewards. A 0 percent on purchases doesn't help them do that.

Just my speculation but if you want the card, you may want to get it sooner than later. It seems maybe they are trying to squeeze out profit and if that doesn't work out, may pull the plug.

That has to be really new. I was just approved on the 20th, and I got the 0% APR for purchases.

Re: Double cash no more purchase promo

Anonymous — Mon, 25 Apr 2016 18:59:14 GMT

I checked on Friday and I believe they still had the 0% intro APR on purchases. Citi reported pretty good first quarter earnings on the 15th and it's been making changes from its investment bank all the way down to retail banking. I guess trying to make the Double Cash more profitable didn't slip by them. Seems like they want to keep the momentum going.

Re: Double cash no more purchase promo

Anonymous — Mon, 25 Apr 2016 21:33:19 GMT

deezsucks! *i would have liked to carry a huge balance esp for 18 mos. oh well. this is what i get for gardening! O.o lolz

now im really rooting for blispay!

thanks for the heads up kdm!

Re: Double cash no more purchase promo

icyhot — Mon, 25 Apr 2016 21:40:28 GMT

Egads! So they took 0% on purchases from the DC, took the bonuses from the Preferred and Premier, AND they're nerfing the Forward? Yikes

Re: Double cash no more purchase promo

Imperfectfuture — Mon, 25 Apr 2016 21:41:32 GMT

Diamond Preferred it is.

Re: Double cash no more purchase promo

Imperfectfuture — Mon, 25 Apr 2016 21:42:21 GMT

Adding, wonder if the 0% promos will be targeted?

Re: Double cash no more purchase promo

taxi818 — Mon, 25 Apr 2016 22:47:14 GMT

@kdm31091 wrote:
It appears that at least for direct apps on their site, Citi has removed the 0 percent for purchases on the double cash. It's only for BTs now. My guess is they are trying to collect more interest to make up for the 2 percent rewards. A 0 percent on purchases doesn't help them do that.

Just my speculation but if you want the card, you may want to get it sooner than later. It seems maybe they are trying to squeeze out profit and if that doesn't work out, may pull the plug.

Wow. Never ever looked at their site again once i got the card. I was hoping to get that lovely 21 months no Apr Simplicity. But gave up the idea recently. I know one of my friends just got a mailer on the card and they offered him 9 months 0% apr. i was like damn. Thats it.

Re: Double cash no more purchase promo

Anonymous — Wed, 27 Apr 2016 01:49:31 GMT

Wow I just got my DC last month

Re: Double cash no more purchase promo

taxi818 — Wed, 27 Apr 2016 01:53:10 GMT

The thread is misleading. There is plenty of purchase promo on the dc. Don't take others word for it. Look yourself. It's 15 months. It is just changed in wording. Quote from the site itself. No annual fee
0% intro apr for 15 mo the in balance transfers and purchases. This was 2 mins ago.

Re: Double cash no more purchase promo

Anonymous — Wed, 27 Apr 2016 01:54:34 GMT

@taxi818 wrote:
The thread is misleading. There is plenty of purchase promo on the dc. Don't take others word for it. Look yourself. It's 15 months. It is just changed in wording. Quote from the site itself. No annual fee
0% intro apr for 15 mo the in balance transfers and purchases. This was 2 mins ago.

+1 taxi

Re: Double cash no more purchase promo

Anonymous — Wed, 27 Apr 2016 02:04:47 GMT

@taxi818 wrote:
The thread is misleading. There is plenty of purchase promo on the dc. Don't take others word for it. Look yourself. It's 15 months. It is just changed in wording. Quote from the site itself. No annual fee
0% intro apr for 15 mo the in balance transfers and purchases. This was 2 mins ago.

It must vary. I see what KDM is mentioning:

Annual percentage Rate (APR) for Purchases	13.24% to 23.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a
APR for Balance Transfers	0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening.

Re: Double cash no more purchase promo

Man-Of-Steel — Wed, 27 Apr 2016 02:07:09 GMT

@Anonymous wrote:
@taxi818 wrote:
The thread is misleading. There is plenty of purchase promo on the dc. Don't take others word for it. Look yourself. It's 15 months. It is just changed in wording. Quote from the site itself. No annual fee
0% intro apr for 15 mo the in balance transfers and purchases. This was 2 mins ago.
It must vary. I see what KDM is mentioning:

Annual percentage Rate (APR) for Purchases
13.24% to 23.24%, based on your creditworthiness.

These APRs will vary with the market based on the Prime Rate.a
APR for Balance Transfers
0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening.

Same here. I just checked their site and only see the following:

Plus a Balance Transfer Offer: 0% Intro APR on balance transfers for 18 months; after that the variable APR will be 13.24% – 23.24% based on your creditworthiness.

Re: Double cash no more purchase promo

taxi818 — Wed, 27 Apr 2016 02:11:14 GMT

@Man-Of-Steel wrote:
@Anonymous wrote:
@taxi818 wrote:
The thread is misleading. There is plenty of purchase promo on the dc. Don't take others word for it. Look yourself. It's 15 months. It is just changed in wording. Quote from the site itself. No annual fee
0% intro apr for 15 mo the in balance transfers and purchases. This was 2 mins ago.
It must vary. I see what KDM is mentioning:

Annual percentage Rate (APR) for Purchases
13.24% to 23.24%, based on your creditworthiness.

These APRs will vary with the market based on the Prime Rate.a
APR for Balance Transfers
0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening.
Same here. I just checked their site and only see the following:

Plus a Balance Transfer Offer: 0% Intro APR on balance transfers for 18 months; after that the variable APR will be 13.24% – 23.24% based on your creditworthiness.

and this is what im looking at.

Re: Double cash no more purchase promo

kdm31091 — Wed, 27 Apr 2016 02:16:54 GMT

I'm not trying to mislead anyone. I'm sure it varies depending on factors but what I see when I click on Double Cash on Citi's site is:

"Plus a Balance Transfer Offer: 0% Intro APR on balance transfers for 18 months; after that the variable APR will be 13.24% – 23.24% based on your creditworthiness."

No mention of a purchase 0% APR.

Re: Double cash no more purchase promo

taxi818 — Wed, 27 Apr 2016 02:19:13 GMT

@kdm31091 wrote:
I'm not trying to mislead anyone. I'm sure it varies depending on factors but what I see when I click on Double Cash on Citi's site is:

"Plus a Balance Transfer Offer: 0% Intro APR on balance transfers for 18 months; after that the variable APR will be 13.24% – 23.24% based on your creditworthiness."

No mention of a purchase 0% APR.

Of course not. Im not saying you are misleading. But I don't know how the website knows who is clicking what. Unless using cookies. But if you go to apply for the card it clearly still shows the 15 months of purchases.