Citi Elite PremierPass Card Received

Posted by Sun on February 3, 2007
Post viewed 1129 times, 6 so far today

Advertisements

A little over a week ago, I applied a Citi Elite PremierPass credit card after seeing some discussion on FatWallet forum. What interested me were

the promise of no annual fee, which is usually $75,
15,000 bonus points after 1st purchase, and
0% balance transfer for 12 months

At the time when I applied for the card, it wasn't very clear whether the fee is waived temporarily or permanently. Today, the card arrived with a credit limit of $19,500 and on the card carrier it is clearly printed "Annual Membership Fee: NONE" with no any other conditions attached, the same as every other Citi card I have. As long as there is no annual fee, this is a very good card for travel, though I don't travel that much. If they change their mind later, I can always cancel the card.

Right now I am only interested in making a purchase to get the bonus points, then make a $19,000 balance transfer. For 12 months, the interest-free loan could earn me about $1,000 in interests with IGoBanking's 5.30% APY. Though for this deal, I have to pay a maximum of $250 balance transfer fee, the free money is irresistible.

This offer, however, is dead as the annual fee is no longer waived on the new card application page.

If you enjoyed reading this post, please consider subscribing to my full RSS feed (What's RSS feed?). Or you can also choose to have free daily updates delivered right to your inbox.

Featured Financial Products

Get the most out of your money with these online banks that pay top interest rates: EverBank: 4.75% APY, FNBO Direct: 3.50% APY, WTDirect: 3.31% APY.
Feeling the pain at the pump? Find out how you can get up to 5% cash back with these gas rewards credit cards. It's the money you have to spend anyway. Why not get some back?