Question
Anyone have any experience with the Citibank AA Advantage Debit MC that rewards 1 pt for $1 spend? Tell me.
I do know this: Must have/open a Citibank checking acct. Advantage Premium Debit annual fee is $65 and you initially get 4000 pts. Also another debit version for an annual fee of $25, but half the pt accumulation which I'm really not interested in.
I already use my *wood AmEx and DC, so now I'm looking into a Debit MC to accumulate AA miles (I know Citibank AA MC is giving up to 20K promo pts, but I have enough credit cards for now).
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It free if you have a Citigold account. They will also waive the annual fee for both Citi AA credit card, PP Elite and Diners Club
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It free if you have a Citigold account. They will also waive the annual fee for both Citi AA credit card, PP Elite and Diners Club
With Citigold your annual fees are waived, but I am not there yet. Thank you for your input!
Anybody have any experiences/opinions?
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I have the AA debit/MC from Citibank.I had no problmes with it and I cna earn as many miles as I want being elite.it's good that AA/CB give a chance to earn miles with this debit card.having recently relocated to the US and having no credit history in the US,it's hard/impossible to get a regular CC...plus I would have a low credit line which would not let me earn all the miles I'm earning now... ^
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Do these debit cards give miles for pin based transactions?
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Do these debit cards give miles for pin based transactions?
No just signature based transaction Citi is not that stupid otherwise you could walk into your local supermarket buy a pack of gum and ask for $100 cash back all day long and get free miles.
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Why do you say citi is not that stupid to allow AA miles on debit transcations. It is true that on the AA card they don't give them on debit purchases only signature purchases but Citibank in fact does give points (1 point/$3 in charges) on their debit cards linked to the thankyou network. So what you are saying is that in fact Citibank is stupid because they do offer this feature.
JC
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Why do you say citi is not that stupid to allow AA miles on debit transcations. It is true that on the AA card they don't give them on debit purchases only signature purchases but Citibank in fact does give points (1 point/$3 in charges) on their debit cards linked to the thankyou network. So what you are saying is that in fact Citibank is stupid because they do offer this feature.
JC
Man use commen sense "Thank you" points dont cost Citibank hard dollars and they still collect a small transaction fee from the merchant ie $.50 cents per transaction. You have a max of $500 per pin transaction where as on signature transaction the limit is $7500 and they collect normal fees.
Lets do math please Citibank will collect $.50 cents and issue you 166 "Thank You" points max also remember if you do a pin purchase no matter amount Citibank will collect $.50 cents. Do you think AA would sell Citibank 166 AA miles for $.50 Cents? If you dont understand the term "Real Dollar or Hard Dollars" maybe you should take a college level economy or acounting class.
Remember Citibank "Thank You" points is there own program so they are not paying real dollars to issue thoses points. It only cost them money when you redem thoses points. Even if you choose to take GC they are not paying face value for the gift cards as merchant will sell them to Citibank at a discount.
Most you could hit Citibank with buy a pack of gum get 100 cash back would 33 points. They would collect $.50 cents from the merchant. So they are still making money if you consider value of "Thank You" points as a penny point. And they are not paying out that money till you redem it. While they are paying out the money to AA the sec your statement closes.
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dolmar now that you have exhibited how smart you and Citi Corp are I can assure you there are other banks that are not as smart.
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dolmar now that you have exhibited how smart you and Citi Corp are I can assure you there are other banks that are not as smart.
You are 100% correct Bank of America 2 years ago proved how dumb a bank could be when they used to give 1:1 on all signature and pin purcahses. They where issuing America West and Alaska Airlines miles on there debit cards for about 3 months til they realized what people where doing.
What people used to do was goto Post Office and buy $2500 money order(Bank of America Limit on Pin Transactions) for $.50 cents and deposit that money order back in there back account every day. So you where buying 25K miles for $5 bucks. I am sure someone at Bank of America got fired over this great idea as the bank must have lost millions on it.
Bank of America was the first bank to issue airline miles I think on debit cards and Citibank started after them so I am sure Citibank saw and learned from Bank of America fiasco.
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Dolmar, I appreciate your apparent level of intelligence but the fact of the matter is your comments inferred that citibank was stupid to issue points for debit card transactions. That is what my post was in reference to. I in fact am extremely knowledgeable in financials, have taken intro and upper economic and financial courses when I was in college so therefore found your post to be extremely offensive. I understand what you are trying to say now that you have elaborated on your post but the anger and hostitility in your previous post was not appreciated. In fact, if you would have elaborated in your initial post instead of just making a blanket statement that can be construed in numerous ways your previous post and this post would have been unnecessary. Have a great day and I recommend that you remain calm and read your posts before posting to make sure that they don't come across hostile.
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Dolmar, I appreciate your apparent level of intelligence but the fact of the matter is your comments inferred that citibank was stupid to issue points for debit card transactions. That is what my post was in reference to. I in fact am extremely knowledgeable in financials, have taken intro and upper economic and financial courses when I was in college so therefore found your post to be extremely offensive. I understand what you are trying to say now that you have elaborated on your post but the anger and hostitility in your previous post was not appreciated. In fact, if you would have elaborated in your initial post instead of just making a blanket statement that can be construed in numerous ways your previous post and this post would have been unnecessary. Have a great day and I recommend that you remain calm and read your posts before posting to make sure that they don't come across hostile.
No one mentioned "Thank You" points except you. Yes Citibank would have to be stupid to issue AA miles for pin based transaction for the reasons explained in my post.
I used miles not points. If I thought someone was going to argue well Citibank does issue "Thank You" I would have been more clear about what miles are from the start. I made the statement just to explain in simple terms why Citibank does not issue "miles" which I thought was understood to be "AA miles" on pin transaction. That supermarket example was a very good example as well. People reported doing both buy a pack of gum get $100 cash back and Money Orders transaction just to exploit a Bank of America debit card airline program on this very forum back in sept 2003 till feb 1 2004.
Your idea to compare 1 product to another product and then just assume my statement would be a blanket statement just made me fell like posting the detailed economic reason why Citibank will issue "Thank points" and not AA miles for pin purchases.
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You have a max of $500 per pin transaction where as on signature transaction the limit is $7500 and they collect normal fees
Is this true?I'm planning to pay m tuition with the debit card to get a lot of miles....no way I can fit in the 7500$ limit...I wish....and I really would be angry if I missed all those miles!
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dolmar, although you have pointed out how knowledgeable and educated you are the facts in your post are far from correct.
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Is this true?I'm planning to pay m tuition with the debit card to get a lot of miles....no way I can fit in the 7500$ limit...I wish....and I really would be angry if I missed all those miles!
It $7500 a day. Reason they put the $7500 limit is because they want to make sure your account does not get cleaned out if someone gets your card number.
$500 limit is per pin transaction. I think Citibank is $1K limit a day on pin transactions. I know in California Circuit City amoung other retailers sued Mastercard and Visa over limit per transaction being lower than the daily limit and flat fee charged to merchants. If I remember correctly Visa/Mastercard won that case.