I also use my Citibank credit card a lot at TGV in 2013. Anyone know what is the TGV promotion in 2014?

Guys,

I have just signed up for Citibank Credit Card at SCM yesterday.

I was in the dilemma of choosing between Citibank Cash Back Platinum Credit Card and Citibank Rewards Platinum Credit Card.

I understand one is for Cash Back and one is for rewards & redemptions.

May i know which one benefit us more?

I received call from Citibank that they offer me Citibank Ready Credit.

Can i know what is this? Anyone can explain to me?

Thank you~

Read it yourself from:

https://www.citibank.com.my/english/readycr...ferCode=MYHTNRC

It really depends on what are your immediate priorities and preferences.

Normally, poor guys like me will want instant rewards / gratification and hence, cash rebates whereas if you do spend a lot, say something like RM100K a year, getting a cash rebate of say RM1K (or 1%) is no big deal but with 100,000 reward points, they may be able to redeem some nice gifts / air tickets which may be worth much more than RM1K.

There is no right or wrong, just what is your preference. If you can't decide, go for a hybrid card which offers both Cash Back and Reward Points. Not sure whether Citi has but a Bank beginning with A which is owned by SG has such a card.

Btw, Citi Platinum Rewards has many T&C, AF of RM100 per category. So, just make sure u understand all the T&C.

This post has been edited by cfa28: Jan 13 2014, 04:29 PM

hi, i m new to credit card and i just got my 1st card approval from citibank.

I would like some advise on how to manage credit card payment? tips on rebate/reward and so on

One of our resident sifu is Gen-X Check out Gen XYZ Blog on Credit Cards. Just google those keywords and you will be directed to his Blog. You can also search his postings on this section

For payments, just remember, if u CANNOT afford to pay in full, DO NOT swipe the CC. Don't pay any interest to the CC. Only get cash rebates / points from the CC. Make money from the CC and not the other way.

This post has been edited by cfa28: Jan 13 2014, 05:54 PM

Bro, i think you mean "if you cannot afford to pay in full, DO NOT swipe the CC"

Before new year i call to CS ask them can waive the annual fee for Clear credit card. The CS said can, but need to wait it to appear in statement 1st only i can waive.

Then i call again to waive, now this girl told me cannot waive becoz new policy come out. I argue with her on this matter. Solution give me is cancel my clear card and issue me another credit card with no benefit with free for life. I argue back with her that promise is promise and this consider cheating. She keep on saying policy change lah, clear card got 1 to 1 CBTL & GSC then you have to pay the RM90.

So frustrated...

Sorry Sifu, amended. Typing too fast.

This post has been edited by cfa28: Jan 13 2014, 05:56 PM

If you are very sure that the officer said 'can' , try to write to Citibank. Do state the date and time of your conversation.

confirmed with cs. starting this year cannot waive af.
hope everyone cancel beramai ramai and force them to reconsider this

I got a call from Citibank yesterday offering me their credit card. The gift is either the trolley bag or the La Gourmet thermal pot. I'm not keen on the bag as I have a lot of bags already. I wouldn't mind getting the thermal pot.

Do you think it's a good offer?

Thanks sifu.

OMG i just went to the blog and it is so messy and full load of ads~
I cant find what I want to find, I guess this Gen-X need to hire someone to redesign his blog = =''

So do you mean that to pay CC in full, on time every month when statement come? Is that the only way to skip interest?

BTW, when I apply that guy told me can waive annual fee by calling them. Why I see forumer said policy change and something?? OMG, m I kena conned?
= =''

hahaha, for your case, just go click Credit Card Tutorial Page at the top menu (or click here to the Page directly) and click on CC101 and Credit Card Interest Rates. But my articles are not for those seeking to be spoon feed

This post has been edited by Gen-X: Jan 14 2014, 11:04 AM

Wow, it was a wall of text, but I finished reading including some article u wrote about oversea spending.
So is it advisable to use cc in overseas than to exchange cash from malaysia and bring it for overseas travel?

Btw, my feedback still the same. Get your website FIX~!

Bro, on how much money (cash) one brings overseas, it is up to individual preference, and if you want to go to Casinos, yah make sure you got CASH. I always make sure I have enough cash in case I get stranded. But then again, I got many debit cards to get cash if necessary.

Don't like my blog layout, well, don't visit it

haha, okay u win....
u got damn alot of card man btw

anymore buy 1 free 1 movie ticket for all citi card?

RM10 per tic for every other day ?

A CC is meant only as a convenience mode of payment as opposed to using Cash. So instead of carrying a few hundred bucks in your wallet, you use your CC when paying for petrol, when dinning or doing your weekend shopping. Do not use your CC to pay for things like say a TV if you do not have the cash to pay in full when the Statement arrives.

By paying in full, you will always enjoy at least an interest free period of 20-days when the statement arrives and if you can play your purchases wisely, you can effectively stretch this interest free period up to 50-days.

If you refer to my Sifu Gen-X Blog. Assume the following:

Statement Date is on the 10th of every month.
You have 20-days to pay from Statement Date

Scenario 1

You make a Transaction, say Petrol of RM80 on the Jan 8 2014
Transaction will be captured in the Jan 10th Statement
Statement arrives on Jan 13 2014
You have until Jan 30 2014 to pay
Your interest free period is for 22 days from Jan 8 to Jan 30

Scenario 2

You make another Transaction, say Petrol of RM100 on the Jan 12 2014
As this is after Jan 10, it will only be captured in Feb 10 Statement
Statement arrives on Feb 13 2014
You have until Mar 2 2014 to pay
Your interest free period is for 49 days from Jan 13 to Mar 2

So, you can keep the cash in your Bank and earn some interest, however little it is. And, if you use the right CC, you can actually make money in terms of Cash Back and also points and some of these returns, are in fact HIGHER than Fixed Deposit Rates. The Maybank2Card using AMEX can give you up to 7% returns when used on weekends. Now tell me, which FD can give you 7% returns.

Wow, you’re saying, using CC is so good, how can there be free money. Well these free money comes from Revolvers, meaning people who cannot afford to pay in full and thus Revolve their CC Debt.

Now, in the above scenarios, you are not charged any interest cos u are paying in full. So, now lets assume that you CANNOT pay in full. For simplicity sake, lets just assume an interest rate of 15.0% p.a. for ease of calculation although this rate can go as high as 18.0% p.a.


Scenario 1

You make a Transaction, say Petrol of RM80 on the Jan 8 2014
Transaction will be captured in the Jan 10th Statement
Statement arrives on Jan 13 2014
You have until Jan 30 2014 to pay
You can only, pay say RM40.

Now, for Jan 10th Statement, you will not be charged interest as you are new Customer (or did not owe any amount in the past) but this interest for the balance RM40 will appear in Feb Statement. Rough Calculation will be

RM40 * 15% * 10 days (Jan 30 to Feb 10) / 365 days = RM0.16

Scenario 2

You make another Transaction, say Petrol of RM100 on the Jan 12 2014
As this is after Jan 10, it will only be captured in Feb 10 Statement
Statement arrives on Feb 13 2014
You have until Mar 2 2014 to pay
Because you have not paid in full, an interest of 15.0% is charged immediately
RM100 * 15% * 29 days (Jan 12 to Feb 10) /365 = RM1.19
Total interest in Feb Statement will be RM0.16 + RM1.19 = RM1.35

But that is not the end of the story, the interest shown is up to Statement Date. The interest is still being charged as we speak from Statement Date (Feb 10, on the entire amount owing including the interest) up to the Day that you make payment in full. Hence, even if you pay RM40 (Balance from Jan Transaction) + RM100 (for the Jan 12 Transaction) and the RM1.35 in interest, the CC can still charge additional interest from the Statement Date to the Day that you have paid the amount.

So, lesson is NEVER owe CC any amount. At most, you can opt for an ‘Interest Free Payment Scheme’ but only if u actually have the cash in back to make full payment. There is lots of info from our Grandmaster Gen-X blog.

We were all young once, so I can tell you that its very easy to get into CC Debt, especially for younger ppl. You have RM200 in your wallet to pay for petrol but instead you use your CC to pay. But problem happens when u then use the RM200 and go to Mamak, Clubbing and come time to pay the CC, you are short of RM200. So, you only pay RM100 and this starts the beginning of your CC Debt.

So, spend wisely, watch your wallet. Visit Gen-X Blog and also LYN for tips to make free money from your CC.

Regarding the AF Waiver thingy, don’t worry about in now. You should always have more than 1 CC so vistit Gen X blog to get tips which CC suits you best. And if one CC does not waive the AF, just cancel the card and apply for another Card.

But if u still owe money, then u cannot cancel the card until u clear the sum outstanding. So, remember not to owe any amount to start with.

This post has been edited by cfa28: Jan 15 2014, 12:44 PM