Citi – Customize Your Balance Transfer Offer (Targeted)
Rating: 2 Posted By: squid3
Views: 132 Replies: 2
Today I receive a balance transfer offer from Citi for my Driver’s Edge card. This card has a 0 balance and has been basically sitting unused since I opened it over a year and a half ago. I usually see BT offers in my online account as well as mailed offers, but they are always uncapped. The offer today was similar, 0% until July 2010 or 1.99% until Feb 2011, both with uncapped fees. Of course, I was about to toss the offer, but then I caught the bottom part of the letter that said “Or, Customize your balance transfer”. It instructed me to go to buildyourbalancetransfer.CitiCards.com and enter the personal invitation code from the letter.
While the configurations of the available offers for me personally was nothing to get excited about, I think it is an interesting approach, and definitely gives the cardholder more options. It let me choose a rate from 0, 0.99, 1.99, 2.99, 3.99 and 4.99%, a duration from either 6, 8, 12 or 15 months, and a fee of 3% uncapped, 3% with $99 max, 3% with $150 max, and 3% with $199 max. Of course if you choose 1 option, say, rate of 0%, it will grey out the options that are not available in combination with that selection.
Is this something that has been around for awhile? This is the first time I have seen this.
I searched and didn’t see any discussion on this so I thought I would throw it out there to see if anyone had any interesting similar offers.
Here are the different configurations that were available to me:
RateDuration (mo)Fee
0.00%6 months3%, $199
0.00%8 months3%, uncapped
0.99%6 months3%, $150
0.99%8 months3%, $199
0.99%12 months3%, uncapped
1.99%6 months3%, $99
1.99%8 months3%, $150
1.99%12 months3%, $199
1.99%15 months3%, uncapped
2.99%8 months3%, $99
2.99%12 months3%, $150
2.99%15 months3%, $199
3.99%12 months3%, $99
3.99%15 months3%, $150
4.99%15 months3%, $99
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By DealGuruMantra
Comments (4)
i filled out form for buildyourbalancetransfer.citicards.com yhismornng, 12-7-09, and had to call customer service to complete the transfer. alked to a man for about 20 minites and could not understand aword he was saying. he talked jerky and could not tell if my transfer is completed or not. he kept rambling on and on. did transfer go throgh or not? glenn r. coen. please respond soon.
I also recieved mot one but 2 letters thus far from citi cards offering this.I carry a balance with them allready from a transfer locked at 3.99% for the life of the balance.I also carry a higher balance on my American express and thought about splitting down some of that debt by doing this transfer…but I’m a little weary of it.Anyone else?
I also received this offer. The problem was, and selection I made with a capped transfer rate (3% with a Maximum $199.00) came back with “Your transfer cannot be processed at this time, please try back later”. I believe this is a bait and switch offer. When you call to inquire as to why the transfer doesn’t work (I tried several times a day with different option for more than 3 weeks) you are offered other deals with no cap on the transfer fee.
Gat mail with 0 intrest till balance paid in full went on line to see offer it was there came back later with info to transfer balance no longer avalable called city couldnt understand operator and could only offer o intrest for 18 months dont trust them went to another company