topic Re: Citi Bank in Credit Cards

Citi Bank

Skye12329 — Sat, 14 Dec 2013 20:12:27 GMT

So in 2015 i will be applying for cards, well 2 maybe 3, but i was thinking about getting a Citi Bank for Visa, my questions are for CTY Prefferred card, are there any AF? I see on the website that it says none, but i want to make sure there is no fine print. I also notice that for Signature you pay $125 AF, is it possible for the no AF version to be signature or no? Was also wondering what does the little chip do, i noticed all their cards have it, or should i choose someone else for Visa?

Random Question - I spoke to a rep because my payment didnt post and it was past the date, but it was still paid on time long story short still 100% payments, but he said that on your CR you wont see a delinquency and can remain 100% payments on time even if you pay a few days late as long as its not after 30+ days, is this true? I was curious because i see Discover and Citi Simplicity have no late fees and such.

Re: Citi Bank

FinStar — Sat, 14 Dec 2013 20:27:34 GMT

@Skye12329 wrote:
So in 2015 i will be applying for cards, well 2 maybe 3, but i was thinking about getting a Citi Bank for Visa, my questions are for CTY Prefferred card, are there any AF? I see on the website that it says none, but i want to make sure there is no fine print. I also notice that for Signature you pay $125 AF, is it possible for the no AF version to be signature or no? Was also wondering what does the little chip do, i noticed all their cards have it, or should i choose someone else for Visa?

Random Question - I spoke to a rep because my payment didnt post and it was past the date, but it was still paid on time long story short still 100% payments, but he said that on your CR you wont see a delinquency and can remain 100% payments on time even if you pay a few days late as long as its not after 30+ days, is this true? I was curious because i see Discover and Citi Simplicity have no late fees and such.

2015 is too far ahead to predict or determine what products any lender may have available. Citi is notorious for changing their product line up frequently.

The Citi TY Preferred is currently issued as a standard Visa - no AF (I have the Signature version but it is very uncommon). The Citi TY Premier comes standard as a Visa Signature (AF $125).

The EMV chip is prominent on most of their CCs. EMV chip card transactions were introduced as a method to improve security against fraud compared to magnetic stripe card transactions that would normally rely on the cardholder's signature and visual inspection of the card. EMV is widely used in other countries abroad.

Re: Citi Bank

coldnmn — Sat, 14 Dec 2013 20:30:24 GMT

Correct if no lates over 30 days reporting. But you can still be charged a late fee for paying late to CCC.

Re: Citi Bank

gdale6 — Sat, 14 Dec 2013 20:33:24 GMT

Yes it is true. The creditor however would have an internal record of being late.

Re: Citi Bank

FinStar — Sat, 14 Dec 2013 20:35:47 GMT

@gdale6 wrote:
Random Question - I spoke to a rep because my payment didnt post and it was past the date, but it was still paid on time long story short still 100% payments, but he said that on your CR you wont see a delinquency and can remain 100% payments on time even if you pay a few days late as long as its not after 30+ days, is this true?

Yes it is true. The creditor however would have an internal record of being late.

And this action typically can hinder your ability in obtaining some auto-CLIs or any other promotions on your CC since this is what drives your internal scores for most lenders.

Re: Citi Bank

Skye12329 — Sat, 14 Dec 2013 21:00:27 GMT

Well you were all helpful =) but should I go with cute or someone else for visa

Re: Citi Bank

Skye12329 — Sat, 14 Dec 2013 21:00:43 GMT

Citi not cute

Re: Citi Bank

FinStar — Sat, 14 Dec 2013 21:09:19 GMT

Well if you wanna go with "cute" that would be alright ...LOL

Re: Citi Bank

FinStar — Sat, 14 Dec 2013 21:11:10 GMT

@Skye12329 wrote:
Citi not cute

What is the ultimate goal for obtaining this CC? Have you considered other Citi comparable ones? How about other lenders? Is cashback the driver or miles, etc?

Re: Citi Bank

Skye12329 — Sat, 14 Dec 2013 23:06:34 GMT

Well ultimately I pick my cards based on how they look X'S and rewards. At this point I wouldn't mind if it had rewards or not I have thought about the simplicity but I wouldn't mind points on dining either. Again though just need a new visa. I have mainly MC will probably go for discover in 2015

Re: Citi Bank

takeshi74 — Sat, 14 Dec 2013 23:08:24 GMT

@Skye12329 wrote:
I see on the website that it says none, but i want to make sure there is no fine print.

Their site is the source to refer to. If the site says there is none then there is none.

Re: Citi Bank

Anonymous — Sat, 14 Dec 2013 23:32:49 GMT

@FinStar wrote:

The Citi TY Preferred is currently issued as a standard Visa - no AF (I have the Signature version but it is very uncommon).

I was surprised at this, but seems to be true! The terms and conditions state that this is a NPSL card which I thought (in the MC/V space) meant Sig or World. Looking more, it looks like the old plain TY Card has gone (there is still one for biz) so they have consolidated...

Re: Citi Bank

Anonymous — Sat, 14 Dec 2013 23:37:35 GMT

@Skye12329 wrote:
Well ultimately I pick my cards based on how they look X'S and rewards. At this point I wouldn't mind if it had rewards or not I have thought about the simplicity but I wouldn't mind points on dining either. Again though just need a new visa. I have mainly MC will probably go for discover in 2015

Well, I can't address the look (or the wisdom of having that as a selection criterion!), but the rewards are nothing special on this card, unless the entertainment category is particularly valuable to you, and you don't have a card that does better. 2x TYP isn't all that valuable as the rewards are hard to redeem for cash.

Re: Citi Bank

FinStar — Sun, 15 Dec 2013 01:45:08 GMT

@Anonymous wrote:
@Skye12329 wrote:
Well ultimately I pick my cards based on how they look X'S and rewards. At this point I wouldn't mind if it had rewards or not I have thought about the simplicity but I wouldn't mind points on dining either. Again though just need a new visa. I have mainly MC will probably go for discover in 2015
Well, I can't address the look (or the wisdom of having that as a selection criterion!), but the rewards are nothing special on this card, unless the entertainment category is particularly valuable to you, and you don't have a card that does better. 2x TYP isn't all that valuable as the rewards are hard to redeem for cash.

Practicality, service/acceptance and rewards structures are more of the appeal for me IME. Realizing everyone has different reasons, you'd hate to select a product based on looks if it offers nothing substantial in return other than just a payment form (and maybe that's ok for some folks). In the general sense, as longtimelurker pointed out, the TYP is an 'ok' card.

Re: Citi Bank

FinStar — Sun, 15 Dec 2013 01:48:40 GMT

@Anonymous wrote:
@FinStar wrote:

The Citi TY Preferred is currently issued as a standard Visa - no AF (I have the Signature version but it is very uncommon).

I was surprised at this, but seems to be true! The terms and conditions state that this is a NPSL card which I thought (in the MC/V space) meant Sig or World. Looking more, it looks like the old plain TY Card has gone (there is still one for biz) so they have consolidated...

Imagine my shock as well since when I applied in July I didn't really think it was offered as a Signature version, being that they had just switched it from being dual (V & MC), and the TY Premier had gone into seclusion. Almost like the standard Citi Forward, you don't see many of those in Signature versions.

Re: Citi Bank

chwebb1 — Sun, 15 Dec 2013 02:00:34 GMT

What is your reasoning for wanting a Citi card? I have the Dividend, and I'm happy with it. I'll definitely keep the card for the long term. Are you looking for rewards, purchase protections, customer service, or something else?