topic Citi surely is slick! in SmorgasBoard

Citi surely is slick!

L-TWT — Sat, 11 Oct 2014 02:08:06 GMT

And their new DC card is surely not a TRUE 2% cash back card

My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.

Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.

So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Re: Citi surely is slick!

jsucool76 — Sat, 11 Oct 2014 02:18:52 GMT

@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Yeah, but you're going to get all of that on your next statement. So you're still getting 2% cash back....

Re: Citi surely is slick!

DrZoidberg — Sat, 11 Oct 2014 02:25:02 GMT

They're not trying to hide anything. It says right there on the site 1% at purchase and 1% as you pay over time or in full.

Re: Citi surely is slick!

Creditaddict — Sat, 11 Oct 2014 02:27:19 GMT

Oh dear. I don't think it could be any simplier. sorry

Re: Citi surely is slick!

Anonymous — Sat, 11 Oct 2014 02:28:09 GMT

@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Not really understanding how Citi doesnt allow one to pay their balance by the closing date. If one is aware of their closing date then one should probably be prepared to not have pending charges around that time....the terms seem pretty straight forward and clear to me.

Re: Citi surely is slick!

jsucool76 — Sat, 11 Oct 2014 02:39:12 GMT

@Anonymous wrote:
@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Not really understanding how Citi doesnt allow one to pay their balance by the closing date. If one is aware of their closing date then one should probably be prepared to not have pending charges around that time....the terms seem pretty straight forward and clear to me.

I believe that is only on the first statement.

Re: Citi surely is slick!

FinStar — Sat, 11 Oct 2014 02:41:20 GMT

Re: Citi surely is slick!

Kostya1992 — Sat, 11 Oct 2014 02:41:26 GMT

@jsucool76 wrote:
@Anonymous wrote:
@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Not really understanding how Citi doesnt allow one to pay their balance by the closing date. If one is aware of their closing date then one should probably be prepared to not have pending charges around that time....the terms seem pretty straight forward and clear to me.
I believe that is only on the first statement.

What he is saying is, because those charges were pending, he wasn't able to pay them and recieve the other 1% in time before the statement cut.

Re: Citi surely is slick!

jsucool76 — Sat, 11 Oct 2014 02:42:36 GMT

@kostyan1992 wrote:
@jsucool76 wrote:
@Anonymous wrote:
@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Not really understanding how Citi doesnt allow one to pay their balance by the closing date. If one is aware of their closing date then one should probably be prepared to not have pending charges around that time....the terms seem pretty straight forward and clear to me.
I believe that is only on the first statement.
What he is saying is, because those charges were pending, he wasn't able to pay them and recieve the other 1% in time before the statement cut.

I don't know any lender that allows you to pay pending charges. lol

People always need something to complain about though.

Re: Citi surely is slick!

L-TWT — Sat, 11 Oct 2014 02:49:18 GMT

@jsucool76 wrote:
@kostyan1992 wrote:
@jsucool76 wrote:
@Anonymous wrote:
@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Not really understanding how Citi doesnt allow one to pay their balance by the closing date. If one is aware of their closing date then one should probably be prepared to not have pending charges around that time....the terms seem pretty straight forward and clear to me.
I believe that is only on the first statement.
What he is saying is, because those charges were pending, he wasn't able to pay them and recieve the other 1% in time before the statement cut.
I don't know any lender that allows you to pay pending charges. lol

People always need something to complain about though.

AMEX

Re: Citi surely is slick!

CreditDunce — Sat, 11 Oct 2014 02:53:25 GMT

@jsucool76 wrote:
@kostyan1992 wrote:
@jsucool76 wrote:
@Anonymous wrote:
@L-TWT wrote:
And their new DC card is surely not a TRUE 2% cash back card
My 1st monthly statement cut today, and I only received 1% cash back on all my purchases and ~ 50% cash back on my payments.
Being that I had a few pending charges not cleared before my closing date, I was not able to pay my entire balance by the closing date.
So it appears, in order to receive a TRUE 2%, one must pay their entire balance by closing date, but the catch is, Citi does not allow one to!!!!!

Not really understanding how Citi doesnt allow one to pay their balance by the closing date. If one is aware of their closing date then one should probably be prepared to not have pending charges around that time....the terms seem pretty straight forward and clear to me.
I believe that is only on the first statement.
What he is saying is, because those charges were pending, he wasn't able to pay them and recieve the other 1% in time before the statement cut.
I don't know any lender that allows you to pay pending charges. lol

People always need something to complain about though.

Sure, all of them allow you to pay pending charges via pushing from your bank. I did it last month to try to maximize my score this month. Pay all of the pending charges right before the statement cuts to ensure it cuts with a zero balance. My reading of the DC is Citi would accept the payment, but you wouldn't get the extra 1% CB. Ever. However, I would like to hear others if that is the case. Just for curiosity. I have no plans for app'g for the DC.

Re: Citi surely is slick!

Anonymous — Sat, 11 Oct 2014 03:09:23 GMT

Sure, all of them allow you to pay pending charges via pushing from your bank. I did it last month to try to maximize my score this month. Pay all of the pending charges right before the statement cuts to ensure it cuts with a zero balance. My reading of the DC is Citi would accept the payment, but you wouldn't get the extra 1% CB. Ever. However, I would like to hear others if that is the case. Just for curiosity. I have no plans for app'g for the DC.

What does this mean? Forgive my ignorance but I have no idea how this works. My statements cut on the 7th, from the 5th - 7th I dont use the cards to avoid pending charges. But this is interesting

Re: Citi surely is slick!

jsucool76 — Sat, 11 Oct 2014 03:13:22 GMT

@Anonymous wrote:
Sure, all of them allow you to pay pending charges via pushing from your bank. I did it last month to try to maximize my score this month. Pay all of the pending charges right before the statement cuts to ensure it cuts with a zero balance. My reading of the DC is Citi would accept the payment, but you wouldn't get the extra 1% CB. Ever. However, I would like to hear others if that is the case. Just for curiosity. I have no plans for app'g for the DC.

What does this mean? Forgive my ignorance but I have no idea how this works. My statements cut on the 7th, from the 5th - 7th I dont use the cards to avoid pending charges. But this is interesting

This means you use your banks bill pay feature. It begins an ACH from your bank account to your lender. It is very similar to paying by check, but it all happens online.

Re: Citi surely is slick!

Anonymous — Sat, 11 Oct 2014 03:14:47 GMT

@jsucool76 wrote:
@Anonymous wrote:
Sure, all of them allow you to pay pending charges via pushing from your bank. I did it last month to try to maximize my score this month. Pay all of the pending charges right before the statement cuts to ensure it cuts with a zero balance. My reading of the DC is Citi would accept the payment, but you wouldn't get the extra 1% CB. Ever. However, I would like to hear others if that is the case. Just for curiosity. I have no plans for app'g for the DC.

What does this mean? Forgive my ignorance but I have no idea how this works. My statements cut on the 7th, from the 5th - 7th I dont use the cards to avoid pending charges. But this is interesting
This means you use your banks bill pay feature. It begins an ACH from your bank account to your lender. It is very similar to paying by check, but it all happens online.

I see. Thanks

Re: Citi surely is slick!

elegia — Sat, 11 Oct 2014 04:23:56 GMT

I'm confused as to what the problem is, really. You'll still get the bonus and full 2%, it'll just be applied the next month or whenever you make the next payment. It seems to me that's how it was designed to work, anyway - you get 1% on the charges when the statement cuts, and then 1% when you pay off the statement. Not everyone pays down the balance before the statement cuts (until I came to this forum, I thought you were supposed to wait until the statement cut and then just pay by the due date). The way I see it, this isn't any different from when any pending charge carries over past the statement date and any bonus it might have earned is applied to the next statement.

Re: Citi surely is slick!

Membersince2013 — Sat, 11 Oct 2014 05:13:20 GMT

It's not a big deal, if you don't get the 1% on this statement, you'll get it on the next one. i really think they'll change their tune on that 2% pretty soon though lol.