Thread: citibank giving 4% cash back on all purchases
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Old 11th October 2005, 01:33 AM
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Re: citibank giving 4% cash back on all purchases
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Originally Posted by oz_mark


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?
One would think it's based on new SPEND each month and not existing balances. Otherwise... you would be getting cash back and paying interest?
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