Credit Cards

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Thursday, March 26, 2009

New Balance Transfer Offer with My Citi Dividend Platinum Select Card

Since the peak of the credit crisis back in the fall of last year, I hadn't seen any favorable balance transfer offers from credit card accounts I already have open. Bank of America (BofA) has been sending me lots of offers, but each of these BofA offers left a bad taste in my mouth. BofA wants me to pay a balance transfers fee and pay finance charges on the transfer fee. No thanks!

I'm happy to report that Citi® is now offering a somewhat decent balance transfer offer with my Dividend Platinum Select® card. Here it is:

Citi Balance Transfer Offer
Back in early 2007, before the credit crunch, I used to login to this Citi account and I'd be presented with at least 4 unique offers. During the roughest part of the credit crisis, however, the balance transfer section of my online account management interface contained no offers. Today I found one offer: 0% intro APR for 6 months on transferred balances, with a $75 cap on the balance transfer transaction fee. $75 is not very consumer-friendly, but when you consider that many other balance transfer deals have no cap on the transfer fee (like with the Citi® Platinum Select® MasterCard®), it's not so terrible. Will I take advantage of this offer. Nah.

We are not recommend any Citi credit cards at the website now, for the simple reason that we believe Citigroup is a zombie bank. However, if you really must have a Citi card, visit the website and you can browse all the personal, business, secured, airline, gas, student and store-branded cards they have available.

We may recommend Citi cards at some point in the future, if Citi reorganizes and becomes a responsible and commercially sound retail bank.

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Blogger Unknown said...

It's nice offer for the credit card USR

Thursday, May 21, 2009 10:24:00 AM  
Blogger Unknown said...

it's nice offer for the bank account holder thanks for the sharing information.

Thursday, May 21, 2009 10:27:00 AM  
Blogger shortex said...

it's nice offer for the bank account holder and credit card user.

Wednesday, May 27, 2009 3:51:00 AM  
Anonymous blackMARKER1 said...

Citigroup is definitely a zombie bank. Their customer service is the most horrendous thing I have personally ever encountered. Stay far far away.

Sunday, August 08, 2010 7:27:00 PM  

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