I got this from Johnson a friend from church, that Citibank has a Gold VISA Credit-card with No Annual Fee, low 6.9%pa interest on balance transfer and Free Rewards Programme with Qantas Frequent Flyer.
Citibank offers Gold card for no fee ever. Even sweeter, it comes with the Qantas frequent flyer rewards program with a ratio of 1:1. But if you go to the citibank webpage, you wouldn’t find the page that offers the card for no fee.
That’s certainly sweet, and I guess InfoChoice’s credit card comparison table needs an update. Unlike many other banks, Citibank’s Gold Card offers no fee and interest free period. Moreover it has all the benefits of a gold card — travel insurance, higher credit limit, etc.
Except I have no idea what frequent flyer points are for, as I don’t travel that often. Anyone with no fee, interest free period, gold card benefits and monetary rewards like cash back?
Thanks for the tip. It can be useful to have the citibank card as well as the NAB one.
The NAB card only pays cashback of up to $10 a month (ie: $1000 of spending).
I already have an NAB cashback card and use this for all my spending, but if I go over $1000, at the moment I’m not gaining anything.
Therefore, I’m now going to apply for the Citibank card, and use this when I’ve already hit the $1000 NAB cashback ceiling in a single month, so that at least I’m still getting something (even if it is only frequent flyer points!).
Looks interesting but…
“A Citibank Credit Cardholder must be a member of the Qantas Frequent Flyer program to redeem Reward points for Qantas Frequent Flyer (QFF) points. A joining fee applies.”
It costs $82.50 to join Qantas FF.
Neil — Aargh. That suck.
I guess it is fine if you *already* have Qantas Frequent Flyer. If you don’t, then maybe you are not flying enough. If you don’t fly that frequently, then why are you getting a gold card with all its benefits?! But then again we just want something for free :)
I’ll skip this one. My parents have QFF, but they said the tax they paid for a “free ticket” can almost get them on-sale tickets from Virgin or JetStar.
This is usually a good site to keep track of credit card deals:
http://www.creditcardwatcher.com/
I have been watching them for a month or so and the guy (or a girl?) is promply posting any promotions he/she finds.
Yan,
Thanks for the tip.
Again unfortunately poor Aussies like us do not have privilege to sign up to any of those nice credit card offers presented there. Credit cards seem to go backwards here — not only we don’t have nice rewards, cash backs, etc, the bank related fee is always ever rising.
No wonder all major banks in Australia are posting multi-billion dollar profits every year, while they milk their poor customers.
From memory, Qantas frequency flyer membership fee is payable if you are Australian citizen, or perhaps permanent resident. I got mine while studying here as an international student. One option is to apply for it using your home address in overseas :-)
Is this really working? Because when I apply in the Citibank system, they can see that it still have annual fee of $119?
Has anyone tried this and worked?
This promotion ended on June 30 2007. It may be repeated some time in the future.