<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by wigstheone:
Citi Offers Air Miles for Some Debit Transactions
Citibank’s debit card program differs from the others in one respect, which will no doubt displease merchants: The bank will award miles only for signature-based transactions, not for PIN-based ones, for which merchants are charged lower fees. Morgan Chase and Bank of America award miles for both types of transactions.
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the funny part is:
1.most merchants don't accept PIN-based transactions. if i go to the mall with my versadebit card, chances are that i'm gonna be paying with credit at all my opportunities.
2.many banks have started charging for the PIN-based debits, and some consider them the same as not-at-that-bank ("foreign") withdrawals. the customer is conditioned not to do what is going to cost her money, so credit it is.
i have a citibank account down here at school, and i will be converting to the basic card, at least, ASAP, and possibly the premium one. chase makes a good case, but i'm weaning myself off CO due to the whole First To Worst problem, and CO's fees are outrageous compared to Citibank's...and they ain't cheap in turn.
