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Old 10th October 2005, 09:39 PM
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oz_mark oz_mark is offline
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Location: Melbourne
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Re: citibank giving 4% cash back on all purchases

Quote:
Originally Posted by d00t
the FOLLOWING month as long as you spend $6k+/mo... :?

CASH BACK VS QF POINTS

$10k/month spend = $400/month cash back @ 4%
$400 cash is much much better value than 10,000 QF points!

Not a bad second card IMO

Couple of things:

1) Cashbacks are capped at $1500 per year
2) What do they mean by the opening balance (less payments and credits)?

Its the 'less payments and credits' bit - I am not sure what the effect of this would be. If my opening balance was $6000, you could be pretty certain that I would be making payments of $6000? So, do you only get a cashback if you are paying interest, or what?
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