FatWally said:Tried, didn't qualify. I told them if they couldn't extend the 0% offer, I would pay it off with a 0% BT from another card and close the account. That didn't fly. I guess I don't have the touch...

DO pay it off with another card. Wait for the statement. THEN call retentions.

Damm&*n citibank. they offered me a 5% CashBack on all purchases. prob is that I had already maxed out the 300. U took it anyways cuz i'll be spending a lot in Jan 06.

I was given an offer of 2% all on purchases along w/ the 5% gas, grocery purchases on another card, about a week ago.

Auream said:dhl said:src0 said:well, it would effectively end retention offers

Explain how it would end retention offers? Getting 2% on rewards instead of 1% has nothing to do with having debt on the card.

Sure it does, in the aggregate. The only way the CC companies can afford these promotions is because they collect so much interest and fees from people who revolve balances. If everyone suddenly decided to pay off their credit cards, it's highly unlikely they could afford such lucrative rewards. We'd go back to the days of high annual fees and rewards programs that you have to pay to join.

Just thought I'd mention from the Citigroup 3Q2005 Earnings Release (http://www.citigroup.com/citigroup/press/2005/051017a.htm):
North America Cards "Revenues and income declined, as a 10% increase in purchase sales was offset by net interest margin compression and higher payment rates."

got 1500 bonus points for $300 purchase in next 3 months..thats just a piece of cake for me in 10 days my card will have $300

Got 3000 bonus poinnts on Citi Premier Pass Card.
Got 3% Cash Back on everything for next 3 month with limit of $1000 on Citi Drivers Edge Card

theahnfahn said:I would advise against this. In the past I've tried to close cards and was given all sorts of offers to keep the account open. However, the last card I had offered Cash Back. I earned around $100 without ever carrying a balance. When I decided it wasn't the best Cash Back card for me I called to close the account. The CSR closed that account the instant I asked for it to be closed. She didn't even give me a single offer or at least confirm that I really did want to close the account. I felt sad that night and I'm still not sure why :'O(If you want to know why you should feel sad take a look at the first "sticky" post of this forum -

Secrets Inside (Newbies are welcome here!): Links ~ Tips ~ Q & A ~ more!

then go to - Credit Card FAQ

lastly, review - Cancel lesser Credit Cards
and - Does closing credit cards affect your credit score and/or FICO?

air659 said:But don't credit cards also collect fee from merchants when you use their card and thats why some merchants might not like bank of america's new program where they will round ure purchases up to the nearest dollar and deposit the difference in the savings account. This will encourage use of the credit card whenever ythe buy anything, even small purchases, and will allow bank of america to collect more debit card fees from the merchant.

link to the bank of america program:
bank of america link

I doubt the merchant will have to pay more, because the merchant isn't receiving more.

If I buy a pack of gum for .25 and boa bumps it to a 1.00, the merchant only gets the quarter so is only charged the fees on the quarter. The other .75 is handled internally with boa.

clairification, please:

did everyone who got the 2%/5% and/or 1500-3000 free points HAVE TO change to a new [type of citi-]card? did anyone keep their card.

i kinda feel married to my citibank dividend platinum select

Diamond Preferred Rewards card

as if credit cards were precious stones?! which is 'better' - the diamond preferred rewards card or the platinum select rewards card? inquiring minds wanna know...lol...

tempted to call right now, but realized that...

Hours: M-F 7-1am Saturday 8-10:30 pm Sunday 10-8:30 pm. All times Eastern

so i guess i'll wait 'til tongiht so that i don't ruin my chances? can anyone, esp OP, tell me how they were able to pinpoint these hours? just curious...