New Citibank Travel account

Discussion in 'Passport' started by Born2ski, Jul 20, 2018.

  1. Born2ski

    Born2ski Part of the Furniture

    Joined:
    Aug 29, 2006
    Messages:
    15,365
    Likes Received:
    4,906
    Just found this new product from Citibank.

    https://www.citibank.com.au/global-currency-account/

    Seems to have many of the same benefits of the Citibank Plus account but allows you to buy foreign currency before you travel, giving you the opportunity to lock in the exchange rate when you think it's high.

    Could be a good option for some ?
     
    piolet likes this.
  2. Ozgirl

    Ozgirl A Local
    Ski Pass - Gold

    Joined:
    Jul 5, 2007
    Messages:
    6,040
    Likes Received:
    3,803
    Yes very good option!

    Thats the only benefit to the Qantas cash card right now - locking in exchange rates. (beside the points... which is nothing really)
     
  3. Marty_McSly

    Marty_McSly Backwards to the future!
    Ski Pass - Gold

    Joined:
    Jul 12, 2011
    Messages:
    5,845
    Likes Received:
    5,065
    Looks like a better option than those multi-currency travel cards. I'll have to look into it in more detail, but their exchange rates page (linked to from the OP's link) shows spreads of only 2.27c on USD and 3.6c on CAD.

    Will definitely be keeping an eye on this one for next OS trip.
     
  4. Seth

    Seth Old n' Crusty
    Ski Pass - Gold

    Joined:
    Jun 6, 2000
    Messages:
    39,654
    Likes Received:
    17,518
    Is the Citibank Plus account still a good option for OS travel? Haven't needed to use mine for years.

    I set one up years ago and it has just sat there with a minimal balance. Thinking of using it as a back up account if main bank goes down for a period of time and also hoping that it would be useful OS.
     
  5. jgm

    jgm Hard Yards

    Joined:
    Jul 3, 2000
    Messages:
    720
    Likes Received:
    127
    It's good for cash withdrawals - no forex and you get the standard MasterCard rate. You no longer have to advise them if you're going OS.
     
    Seth likes this.