They told me no, they would not cash out less than $50.
They claimed the reason for the change was to make things more easy to understand for their customers by offering a simple, flat 1%.
Argh!! This was my most used card. I need to find a new card now, and file this to the sock drawer once I can cash out the last $50.
gungrom
Thrifty Member
posted: Aug. 29, 2009 @ 1:58p
Just checked my account online and a $50 check is in my most recent statement. I'll guess I'll end up losing the $8 that's left. I feel I can't be bitter. We had a great run on this card folks - 7 years! I've done some major purchases with it and smiled as I deposited the 3% kickbacks.
I called customer no-service and they had trouble with my simple question.
How many points will I get if I only spend $10. He kept saying, 1%. I said, that doesn't help, how many points will it be. He again said 1%. Argh!!
The terms are not clear very clear to me, but this is definitely not "exciting news". In the terms it is not clear how rounding is going to play a factor -- if you spend less than a certain amount do you get nothing, but more than a certain amount the rounding helps you? Can't really tell from the terms, nor can customer no-service.
Has anyone been able to get any concessions or bonus points by calling? Citi has always given me some when they change terms if I asked.
Incidently, I might end up at my closing date with $25 remaining, so compared to losing it altogether, I just figured out that spending the next $2500 to get the last $25 is almost like getting 2% in a way as it will let me recover the rest - or I could spend $1250 on travel and restaurants to get there and it would be like 4% which is only slighly better than the 3% some of my other cards pay for those categories.
By the way, how do folks on electronic billing get their checks?
ChrisV
Senior Member
posted: Sep. 2, 2009 @ 8:26p
What a joke...received this in the mail on September 1st and changes this is changing over in September? So what does this mean if I have a billing statement of middle of the month? Can I still get 3% up till then or not? They left it very unclear, probably on purpose.
i called in to ask about that specific question. the csr told me that it would switch to 1% on the my billing cycle in sept. so if you're billing cycle is 9/15, you'd better buy something to get 3% before 9/15.
ChrisV said: What a joke...received this in the mail on September 1st and changes this is changing over in September? So what does this mean if I have a billing statement of middle of the month? Can I still get 3% up till then or not? They left it very unclear, probably on purpose.
This sucks. I had this working so that nearly every purchase on this card was 3% CashBack. Was pulling in a $50.00 check every couple of months. I came to FW today looking for another hot CashBack card but looks like best is 2% and thats after jumping through a few hoops.
Pondus
Senior Member
posted: Sep. 10, 2009 @ 12:53p
hermosatrout5 said: ...I came to FW today looking for another hot CashBack card but looks like best is 2% and thats after jumping through a few hoops.
Are you ignoring the Associated Bank 5% card because of the $300/year maximum or because the portfolio just went from Citi to US Bank/Elan?
Anyone else get a postcard about RBS Quarterly Cash?
I got one and it says I'll get the following:
2% on grocery during the 1st quarter of 2010 2& on home improvement - 2nd quarter 2% for restaurants - 3rd quarter 2$ for department stores - 4th quarter
You have to register online to receive "invitation" e-mails and then you'll need to sign up for each promo online. Kind of like discover's 5% Cash Back in select categories, except RBS states there is no limit on CashBack at the 2% level.
Did not get this, but I can get 2% any time by using my grandfathered Fido card (similar to Schwab, if I understood it correctly). So unless they can offer better deals than this, the RBS card will remain sockdrawered...
g10ny said: Did not get this, but I can get 2% any time by using my grandfathered Fido card (similar to Schwab, if I understood it correctly). So unless they can offer better deals than this, the RBS card will remain sockdrawered...
Agreed. I am hoping to get the last $30 reward left on the card at some point, but would rather keep the card as it has one of my higher limits.
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