Hello everyone.. what's the lowest APR possible on this type of card, has anyone been told that they couldn't be transfered to retention because they aren't eligble ? I've had the account for almost 6 months now and was told I couldn't be transfered to the retention department. my current APR is 14.4 which is the highest of all my cards . Any advice on how to reduce it ? best of luck for everyone
I too have; Prime+1.9% Plat Select,Drivers Edge 2% rebate towards new or used car. Prime +1.65% Click Citi Plat Select 1% rebate per month. VJ
This is an interesting thread.... With all the different rates posted. I have been debating whether to accept a pre-approval for a platinum select card, but have been hesitating because the go-to is 8.99% plus prime...too high...it has a 2.9% BT for 9 months. It seems that as the prime goes down, the new cards are offered at rates that are higher to offset the prime! Does anyone know if I will be able to get the BT fee waived? The BT fee and go-to rate make the 2.9% BT rate not so attractive.
Re: This is an interesting thread.... I just spoke to a friend of mine that works at citibank she said that all of the representatives there are allowed to waive a balance transfer fee 1 time. but only if you havent done a balance transfer with them before that had a fee. If the representative refuses to remove the fee for any other reason ask to speak to a manager and they will remove it for you.
Re: This is an interesting thread.... I was told I was not eligible to be transferred to retention since I had an otl the month or two previous.....even though I had paid the card way down. This was on a classic Visa. I said fine, paid it off, waited 2 mos and called then again on Saturday asking to close the account or combine it with my Platinum Select--they sent me over to what I'm assuming was retention where I combined, and got Prime plus 3.9%. My previous interest rates: 24.99 Classic (yeah I know) and 16.9 Plat Select. Ialso get to keep my time on the first account that got absorbed into the new Plat card--that's about 7 years! No lates. AnnMarie
Re: This is an interesting thread.... it's really simple to get a lower rate. Call up and say this exactly word for word: "I would like to speak to a person in retention about my account. I am considering Transferring Out my balance (have one) to another lower interest card, and would like to see if there is anything citibank can do for me to keep this account..." Verbatim. did it twice, once at 4 months, once at six months. Probably gonna wait a few more months and do it again!!
Re: This is an interesting thread.... I just received a Citibank Platinum select in the mail yesterday... The teasers: -Save more when you transfer more...0% for transfers >than 3,500; or 1.9 for <3,500. -transaction fees waived -No annual fee Second question: this letter says "this confirms your eligibility for special balance transfer savings..."and contains an authorization #. Yet, there is an "acceptance form" that requires SS#, annual income, etc. that looks a lot like an application. What CB report do they pull? What is minimum fico? This would be wonderful for my higher rate cards if I could get it but...I don't wanna waste the inquiry if the requirements are high. Oh, I also had a Citibank Visa that I paid in full 10 years ago. Thanks.
