Adjust Text Size
small medium big

Double Your Pleasure With Citi Credit Protector

Written by Nickel - 3 Comments
  •  Tip It!

As I’ve noted previously, Citi offers a Credit Protector signup bonus of $15, as well as $50 worth of rebates for remaining a member when you try to quit. As I’ve done in the past, I cashed the $15 signup check (which started a free 30 trial of the Credit Protector service), and then promptly called to cancel my membership once the welcome packet arrived. Once again, they offered me the rebate deal to remain a member and, once again, I accepted. Since this is one of my ‘dormant’ cards (i.e., I’ve maxed the rewards and am waiting for next year before using it again) taking the deal is a no-brainer — the fees are based on the closing balance each month, and no balance = no fees.

Shortly after agreeing to this deal, I received a new welcome packet in the mail, but the rebate coupons didn’t show up… I waited a few days and then called to complain. Once I got through, the CSR pulled up my account and then offered to re-send the coupons. I agreed, and that was that. A couple of days later, the coupons showed up as promised. But a few days after the first batch showed up, I got another set. Score! I’m guessing that the first batch corresponded to the original deal, and the second batch was in response to my complaint about the first batch never arriving. Does this mean that I’ll get $100 for remaining a Credit Protector member? I’d love to find out but, unfortunately, I misplaced one of the sets of coupons. If I can find ‘em, I’ll give it a shot.

Update: This weekend I happened upon the missing rebate coupons. Thus, I’ll be able to give double-dipping a try.

Published on June 15th, 2005 - 3 Comments
Filed under: Credit Cards

About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

Related articles...

» Citi Credit Protector Rebates – Busted!
» Double-Dipping With Citi Credit Protector
» Credit Protector Cancelled (Once and for All)
» Selling Travel Certificates on eBay
» Credit Card Reward Progress
» Cancelling Citi Credit Protector
» Free Money 2005
» From the Archives (August 12th – August 18th)

Was this article useful? Please sign up to receive our content via e-mail:

You will receive only the daily updates, and can unsubscribe at anytime.

3 Responses to “Double Your Pleasure With Citi Credit Protector”

  1. 1
    jim Says:

    I cashed the check and then called in about two weeks later to cancel and they let me. I even told them that I thought it probably wasn’t worth it. All they offered was a lower fee rate… shucks.

  2. 2
    mbhunter Says:

    I’ve tried to do this kind of thing a few times. I get something for free just for trying this or that. Well, I cancel as close to the deadline as I can (before I get hit with an onerous annual charge) and guess what? I don’t get the freebie! I don’t ever really expect a lot of these guys to ever fulfill their promises to the blatant bottom-feeders :)

  3. 3
    Blaine Moore Says:

    I did this sort of thing before, but had no trouble cancelling.

Leave a Reply

Top Cards by Category

 
Apply now for Chase Freedom® Visa - $200 Bonus Cash Back

Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.

 
Apply now for http://www.fivecentnickel.com/rewardpoints.html

Receive 10,000 Membership Rewards bonus points when you spend $1,000 in 3 months of Card membership.

 
Apply now for Delta Reserve Credit Card - Enjoy Delta Sky Club® Access

Earn up to 20,000 bonus miles with your first purchase 10,000 of which count as Medallion(R) Qualification Miles. Earn up to 5,000 bonus miles when you add two additional cards to your account with initial application.

 
Apply now for http://www.fivecentnickel.com/lowratebalancetransfercreditcards.html

Enjoy a 0% introductory rate for 18 months on Balance Transfers and 6 months on Purchases. Earn up to 5% cash back in categories that change.

 
Apply now for Discover® More Card - $0 Balance Transfer Fee!

Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*

 
Apply now for http://www.fivecentnickel.com/lowrateplatinumcreditcards.html

Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*

 
Apply now for The Business Platinum Card® from American Express OPEN

Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.

 
Apply now for http://www.fivecentnickel.com/studentcreditcards.html

5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee

 
Apply now for American Express Premier Rewards Gold Card

Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.

 
Apply now for http://www.fivecentnickel.com/credit-cards/credit/bad

Reports to 3 major credit bureaus monthly and acceptance at millions of locations worldwide, including website purchases and reservations.

Previous
Pause
Next

FiveCentNickel User Survey