just did 2 offers (20% CashBack up to 550 per account, but NOTHING if you don't follow all the rules)
there has been alot of pointless speculation on why citi is doing this. Since we don't have any data, it is kind of pointless, but I'll wade in.
The offer is good only if you don't make ANY purchases, including recurring purchases (newspapers, utiities, etc)
I suspect many people let one payment thru, and loose all the benefits, while getting dunned with the lower credit limit.
The other possibility is that the computer can't discrimminate bewteen fat wallet types trying to get money from things like 0% balance transfer office, and deadbeats who probably don't post to often hear

If you've got 0% why not wait until the final month and make one payment of $5500 above that min? (edit) missed that you still have no fee BT capabilities. So do the $5500 on the first month's payment in case they decide to change your BT offer. Not that I have any info that they would, but a bird in hand...

Remember, don't ask them to change the picture on the front of your card as that will disqualify you.

Also got the 10% offer for the next 4 months up to $550. Obviously, like most of us, I thought to myself "what's the catch, there has to be a catch." I turned to FW for info on the deal and some of the issues brought up were good points and made me cautious about the deal. Obviously, different people get different offers, which was confirmed by the representative that I spoke with. The rep also answered several questions, such as: "Will Citi mark my account in a derogatory way or in any way whatsoever?" Answer: "I'm glad you asked this, NO, your account will not be marked in any way." Question: "I have read online that some receiving this offer have their credit limit reduced by the amount of their overpayment. Will my credit line be reduced whatsoever?" Answer: "There are several different offers that are made to different card members, some of which will have their credit limit reduced by the amount of their payment. Your offer will not reduce the amount of your credit limit." Question: "What's the catch? There has to be a catch?" Answer: "Citi wants to help you by you helping them by paying your card off faster and to maybe improve your credit score."

Hmmm, that all sounds good to me. I am still a little skeptical. There is certainly a reason why Citi is doing this we just don't know why for sure. Regardless, I'm in on the deal. Hope this information eases some of you that are concerned about this deal.

Disclosure:
Credit score is roughly 700 (give or take from month to month)
Pay on time every month, slightly more than the minimum.
0% BT from Citi with roughly 25K utilized (like most of us it's in a HYSA)

comcast said:Possible catch
my offer was 20% match on amount above minimum, for four months, capped at 550.
possible catches
you have to stop using your card immediately, but they notify you by mail if you have been approved for the program, and that takes 2-4 weeks, yet, so you might forget about this and use the card
For me, if I maxed out with the 2750 over four months, the last payment would be after the expiration of my 0% BT period, so I would be paying 18%+ for the privelige of a 20% back, so it might not be that much of a loss for citi
AND, I have three cards with citi, and a late on ANY card triggers a default rate on all my 0% BTs, so you can see if only a small number of people miss a payment or something, citi gets that big default rate... this at least makes sense, unlike many of the othe ideas on this thread, which sound like so much speculation.

It took less than a week for me to get my letter. I suppose there are the brain dead who might 'forget' and use the card. So that disqualifies you from the program and you're right back where you were before the offer was made. Whoop-di-doo.

Your 18% is an annual rate, not monthly. Even if the entire 4 month period is at 18% Citi would only collect ~4.5%. Citi gets to collect this rate regardless of whether or not your enrolled in the program if you don't pay your balance before the 0% expires so that's irrelevant.

You aren't required to spread your payments over 4 months, it's in total. Pay the entire $2750 over your min the first month you get $550 back. Since your 0% rate expires previous to the program end if you pay off the balance as I presume you are planning to do anyway, your only concern is that nasty reduction in your available credit line. You won't even lose a penny of interest on your 0% money if you time it right.

A late on any of your cards triggers the default rate regardless of whether you're enrolled in the program or not, so that's irrelevant. I love how people point out that late clause as if it's an everyday thing to wake up and say 'doh! I forgot to pay my bills last month!' Is it really a challenge for some people to pay their bills by the due date? It's not even like the old days when we had to depend on the USPS to get the payment there and mailroom lackeys to open and credit the payment. Checkfree is very reliable. But wait! Citi will credit your request for an ACH pull on the same day as long as it's done before 5 PM. Just make sure your checking account is set up with them beforehand.

edit: Oh, one other thing, from my experience it looks like all accounts get enrolled in the program so you could potentially get paid $1650 for your 3 accounts.

hey guys i have 15k on a 0% (for the life of the BT) with Citi...how can i get this offer???? is there any way to get this?

OuchThatHurtAgain said:Be careful, it is unlikely this dead is being done in anyone's best interest, it is cleverly designed to make improvements to Citi's bottem line.

Wow, you mean they're in it for profit? Who'd a thunk it. Now I just have to find that catch on the 0% BT money. If I have to keep borrowing it until I have a $million of their 0% dollars in the bank I will get top the bottom of it!!

Received the confirmation letter about the 20% credit up to $550 program I had signed up for earlier. Instead of waiting for the fourth payment for $2750, I'm just going to pay them about $700 extra each month for the next 4 months. Yes, I know I'm giving up some interest, but it is less than $25. Besides, I would probably forget to make the $2750 payment and that would screw up the whole deal.

Has anyone confirmed that multiple Citi Cards "owned" by the same individual are automatically included when one enrolls merely one of his Citi Cards?

turrdog, I got a letter stating that my Diamond preferred card had been disqualified because I changed to another card. I had never been solicited for, or enrolled that card. I believe it is true. What makes you believe it isn't?

We got yet another letter from S. Larson yesterday on an unrelated matter. I believe she may be our longest running pen pal. I notice that she's moved to Jacksonville, FL from South Dakota though. I suppose because of the weather.

paeko said:For what it's worth, I called the Payment Partner Program and the CSR assured me that only the card I registered (into the program) was in the program. It make sense in that I had to call in and register that card with the invitation number. Like everyone else, I wish that all of my citi cards were in the program, but I do not think that is the case.

I back that up to. I enrolled yesterday on one of my cards and asked explicitly if it covered all my Citi cards or just the one being enrolled. The CSR confirmed that only the one stated in the offer letter would be enrolled.