Comments on: Followup: Citi Dividend Platinum Select Card Conversions http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 04:49:32 -0500 http://wordpress.org/?v=abc hourly 1 By: Savingeverything http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/comment-page-1/#comment-78869 Savingeverything Tue, 14 Aug 2007 04:25:00 +0000 http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/#comment-78869 I'm still trying to see what's the difference between a Platinum or Titanium credit card versus a World Mastercard or World Visa. The benefits seem to be all the same. The only difference: "no pre-set spending limits" with World, even thought they state it's not an unlimited amount; because you still have a "revolving credit limit." In regards to the higher fees that MasterCard USA charges, those fees are actually published at their corporate website; and it's quite high... thought it depends on the MasterCard Consumer credit card program used; such as ConsumerCredit's Core Value, Enhanced Value, World, World Elite, Consumer Debit, Commercial/Corporate World, Government, Small Business. The cheapest: consumer debitp; most expensive: World and Commercial/Corporate. They have different fee structures for different purchase categories. Very interesting. I’m still trying to see what’s the difference between a Platinum or Titanium credit card versus a World Mastercard or World Visa. The benefits seem to be all the same. The only difference: “no pre-set spending limits” with World, even thought they state it’s not an unlimited amount; because you still have a “revolving credit limit.”

In regards to the higher fees that MasterCard USA charges, those fees are actually published at their corporate website; and it’s quite high… thought it depends on the MasterCard Consumer credit card program used; such as ConsumerCredit’s Core Value, Enhanced Value, World, World Elite, Consumer Debit, Commercial/Corporate World, Government, Small Business. The cheapest: consumer debitp; most expensive: World and Commercial/Corporate. They have different fee structures for different purchase categories. Very interesting.

]]> By: Cardholder http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/comment-page-1/#comment-77967 Cardholder Tue, 05 Jun 2007 01:38:17 +0000 http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/#comment-77967 World MasterCards and Visa Signatures have higher interchange rates (the fee the acquirer pays the issuer) and therefore higher discount rates (the fee the merchant pays its bank) because these cards are higher level with much better benefits than Platinum level cards (go to the MasterCard and Visa websites to see the benefits). These benefits are free to the cardholder, but someone has to pay for them. World MasterCards and Visa Signatures have higher interchange rates (the fee the acquirer pays the issuer) and therefore higher discount rates (the fee the merchant pays its bank) because these cards are higher level with much better benefits than Platinum level cards (go to the MasterCard and Visa websites to see the benefits). These benefits are free to the cardholder, but someone has to pay for them.

]]> By: Blaine Moore http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/comment-page-1/#comment-77923 Blaine Moore Fri, 01 Jun 2007 13:52:45 +0000 http://www.fivecentnickel.com/2007/05/31/followup-citi-dividend-platinum-select-card-conversions/#comment-77923 Nothing amazes me anymore. I wonder what the justification for higher merchant fees are for these cards? Nothing amazes me anymore. I wonder what the justification for higher merchant fees are for these cards?

]]>