percysmith

A Fubon Visa has the same acceptance as a Public Bank Visa for acceptance. Essentially you're forgoing miles for a cost saving.

Fubon foreign currency conversion fee is 1.85%, which is 0.1% lower than most other banks that charge it.

Public Bank still passes through the 1% fee levied by Visa http://www.publicbank.com.hk/upload_...tcardfee_e.pdf

I'll also take into account Public Bank has 0.5%-0.6% cash rebate for spending.

So you're pricing, for $100 foreign spend:

33.33AM - 1.85 = 0.6 - 1
33.33AM = 1.45
1AM = $0.0435

Essentially, when I am paying with Fubon Visa over Public Visa for forex spending, I'm buying miles at $0.0435/AM.

Yes I would like to buy more at $0.0435/AM please! Can I have a million AM (serious)?

I'll adjust the cost for, say, 40K overseas spend a year to factor in Fubon's $250 AM redemption fee (which is really akin to an annual fee cos Fubon points expire every year):

$40,000 spend = 13,333 AM from Fubon or $240 Public cash rebate
Fees incurred: $740 vs $400

13,333AM - 740 - 250 = 240 - 400
13,333AM = $830
1AM = $0.06225

Yes please, still want the million!

dannyhk

How do you get those kind of welcome offers on Prestige and PM? I don't see them listed under the welcome offers for those two cards on the Citi Web site (or am I looking in the wrong place?)

theworld

percy - for all the help on this thread, we really need to buy you a beer!

IncyWincy

Here!



Thanks Percysmith!

McM

those are some big beers!!

McM

just got my CX Elite!

activated online
registered for Priority Pass
also got e-blling turned on

anything else?

percysmith

McM - what e-billing?

dgittings - May 2014. The Prestige offer still exists, the Premiermiles offer is not as good now.

Aquitaine

Thanks you two! I had called the card centre previously and they basically said the record in their system showed I didn't apply for them together, yada yada, sorry nothing we can do. But there was a slight turn of events! Basically, I found the HKMA site where they had a list of banks' customer service numbers to handle special complaints and gave Citi's a call.

http://www.hkma.gov.hk/eng/key-funct...ut-banks.shtml

After leaving a message, a Citi rep called me back and actually took notes on what I was explaining (using serious phrases like "your allegations" and "we will conduct an investigation"). They got back to me with an e-mail last night, apologizing and basically saying I will be eligible for the 2 nights. Hopefully I'll see the letter soon.

I really hope you guys exaggerated about how not-so-great the resort was... the catch is they will hard sell you eh? Anything else I should prepare myself mentally for?

PS. Use that number wisely ^

percysmith

Aquitane - surprised, given you don't have a slam dunk case (a bit more like he says she says from what I read).

I knew about the bank contact persons complaint route - I think someone used it on Citi successfully http://www.hongkongcard.com/forum/fo...p?id=9774&p=15 . But their case was a lot more rock solid than yours - essentially Citi put out a extra 25X points promo on the standard 5X Telecoms/Supermarket/Dept Stores in the end of 2012. They've been rewarding Apple Store as if Telecoms for 5X before the promo (Apple Store's merchant category has been changed to computers now), the 25X eligible spend terms relied on the 5X, and certain hongkongcard.comers loaded up on iPhones.

Citi marketing attempted to renege, excluding Apple when awarding the 25X points. Although I didn't play a promo I asserted they had no right to do this because they were relying on the 5X T&C and Apple was clearly a telecoms shop even with my own purchases in 2012 http://www.hongkongcard.com/forum/fo...hp?id=9774&p=8 #80 - they can either rely on Visa merchant categories, or a common sense classification of the merchant, but cannot change their minds after they chose the former for the T&C. A couple of hongkongcard.comers took my argument to Citi complaints who made marketing change their mind.

I'm not sure they used the Citi bank complaints person explicitly but I am sure they knew about it because we discussed the HKMA bank complaints person list in other threads.

But the hongkongcard.comers clearly had the T&C on their side, and clearly Citi was reneging their own T&C when excluding Apple from extra 25X points award. The T&C does not favour you at all, unless your sales made a representation of them (he seemed to have).


Ironically the bank that assisted me by providing Apple's merchant category (from an Apple purchase I made with its card under one of their promotions) was the bank I later complained against (to its bank contact person in the first instance) regarding that promotion. The case was eventually escalated to the HKMA.

McM

should say "e-statement"

also need to setup my autopay with HSBC for this card

by the way, is there any diff between the Priority Pass vs the Premium Lounge?

flying to Sydney tomorrow, good timing to get this card

percysmith

In HKG the Priority Pass lounge is the [Plaza] Premium Lounge.

Not for Sydney however.

I don't do autopay but use PPS instead cos I deposit my cash in whatever bank cdm is convenient for me and I want to net air tix refunds where allowed.

trashn

Newbie question:

Did the AMEX CX Elite Card is considered as a Amex Platinium Card by the AMEX group ?

Thanks

percysmith

Trashn: no

percysmith

At SIN travelling TZ departing T2. With missus and another couple who decided they don't feel up to hopping over to T1 Skyview. The couple didn't carry their Priority Passes, the missus has one Priority Pass and I have 5 (3 of them from Bankcomm).

On approach at Ambaasador Lounge T2 I asked if I can use any of mine for the couple. The receptionist said matter of factly he will only accept one PP coresponding to any one name. I pulled everyone out including my missus at that stage, gave the other guy my PP and BP and told him to impersonate me for entry, so he can go have his shower. His SO, my missus and I decided to wait outside.

Mean but compliant.

IncyWincy

I know the CX Elite card earns at HKD 6 to 1 AM.

What about the earn rate for Amex Centurion and Plat?

Thank you.