Question
As a Citigold valued member, Citibank will waived your annual fee of Premier Pass Elite Level. Citibank told me the card number would not be changed if I convert a Citi Premier Pass Elite level card to Chairman card. I want to know actually if I conver the Premier Passwhether Citi would charge the annuel fee of chairman card? (Although the card numbers are same). Thank you.
This BBS is so good that I get many extra miles. I have three to four international tickets of First class. They connect China and other countries. But how can I sale to others?
Answer
Offically Citigold nor Citibank Private bank can waive the Chairman Card annual fee or waive a portion of the fee either. I have a Citibank Private bank account and I asked my banker if Citibank could apply $75 annual fee wavier from PPE card towards the $400 annual fee from Chairman card so I would only have to pay $325. I was told there is no way for them to do that.
But both Citigold and Citibank Private Bank can waive annual fee on Citibank Private Select American Airline Visa card which has annual fee of $175 if you got the card while it was offered and had a Citigold or Citibank Private Bank account at the time. This AA card is the famous No mileage cap AA card even if you dont have status with AA. I personally have no status with AA and have gotten over 200K points posted over 6 months with this card.
So I think there computer has only one option which is set fee waiver to on or off. Otherwise if the fee waiver code would have a dollar amount linked it then it would not waive my annual fee ever year. I have had this card over 10 years and I have never had an annual fee charged or even billed to me.
So if you convert the account and person who does the convertion does not notice there is a fee waiver on the account you might get lucky and get the card for free. Btw if the fee waiver stays on the account please let us know would be nice way to get around offical policy.
Answer
Offically Citigold nor Citibank Private bank can waive the Chairman Card annual fee or waive a portion of the fee either. I have a Citibank Private bank account and I asked my banker if Citibank could apply $75 annual fee wavier from PPE card towards the $400 annual fee from Chairman card so I would only have to pay $325. I was told there is no way for them to do that.
So I think there computer has only one option which is set fee waiver to on or off. Otherwise if the fee waiver code would have a dollar amount linked it then it would not waive my annual fee ever year. I have had this card over 10 years and I have never had an annual fee charged or even billed to me.
Smith-Barney will waive the fee for "select" clients according to the card's literature. Thus I spoke to my broker at Smith-Barney and was told that they would waive $100 of the first year's fee for larger clients, but that I did not qualify. I'm guessing you need quite a significant investment to qualify for a full fee waiver.
While this could be a setting in the Citi computers that's contrary to what you stated, it's of course possible that Smith-Barney simply credits the client with the fee reduction/waiver.
I think I noted this in the main thread, but unless you do get this fee waiver there is no benefit to applying via Smith-Barney rather than using the online application or calling Citi. The Smith-Barney provided paper application has special "I have a Smith-Barney Checking/Money Market/etc account" boxes, but a Citi CSR told me that those didn't affect the application, so I just applied for my Chairman Card online.
Answer
Smith-Barney will waive the fee for "select" clients according to the card's literature. Thus I spoke to my broker at Smith-Barney and was told that they would waive $100 of the first year's fee for larger clients, but that I did not qualify. I'm guessing you need quite a significant investment to qualify for a full fee waiver.
While this could be a setting in the Citi computers that's contrary to what you stated, it's of course possible that Smith-Barney simply credits the client with the fee reduction/waiver.
I think I noted this in the main thread, but unless you do get this fee waiver there is no benefit to applying via Smith-Barney rather than using the online application or calling Citi. The Smith-Barney provided paper application has special "I have a Smith-Barney Checking/Money Market/etc account" boxes, but a Citi CSR told me that those didn't affect the application, so I just applied for my Chairman Card online.
Citibank Private Bank account come with SB FMA account. If you read the Chairman thread I did get a fee waiver for the first year only. As I reported in that thread the way the fee waiver showed up was I was billed the annual fee and then a credit was posted like 1 week later for the annual fee. I have a felling it was done manually. As opposed to my Diners club, AA and PPE cards were the annual fee was never even billed.
Again I am just guessing too. So who knows.