Tag Archives: Cash Back

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Venmo Announces New Fees for Receiving Payments of Goods and Services & Instant Transfer Withdrawals

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Good afternoon everyone, I hope your week is going well.  Last night, I received an email regarding “New and upcoming changes to Venmo” – a pretty generic looking email with generic looking text that I skimmed through and almost deleted.  Buried in the text were 2 changes about seller transaction fees and instant transfer fees.  I decided to dig into these changes to see what they really meant for me and other Venmo users.  Here are the 2 changes that I researched:

3) Effective July 20, 2021, users who receive payments that are identified by senders as for goods and services will be charged a seller transaction fee of 1.9% + $0.10.
4) Effective August 2, 2021, the fee for instant transfers will be 1.5% per instant transfer ($0.25 minimum fee, $15 maximum fee).

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Attend FTU Virtual Seminar on Saturday June 26 ($25) or Free with Online Annual Membership

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Good afternoon everyone.  If you have no plans this coming Saturday (June 26), I highly recommend attending the FTU Virtual Seminar (tickets available for $25) or free if you have the FTU Online Annual Membership.  The seminar starts on Saturday at 8am PT / 11am ET.  I have attended all of the FTU Virtual Seminars over the last several months and they are always well done, educational, and entertaining – and I am sure this seminar will be no exception!  Here is the schedule and lineup of speakers.

If you register for the seminar on Saturday, but are unable to watch the live stream, you can access the recording of the seminar and watch later on.  This is also a great way to re-watch your favorite presentations and catch any details that you originally missed.

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Attend FTU Virtual Seminar on Saturday May 22 ($25) or Free with Online Annual Membership

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Good afternoon everyone, I hope your week is going well.  If you have no plans this coming Saturday (May 22), I highly recommend attending the FTU Virtual Seminar (tickets available for $25) or free if you have the FTU Online Annual Membership.  The seminar starts on Saturday at 8am PT / 11am ET.  I have attended a few FTU Virtual Seminars over the last several months and they are always well done, educational, and entertaining – and I am sure this seminar will be no exception!

If you register for the seminar on Saturday, but are unable to watch the live stream, you can access the recording of the seminar and watch later on.  This is also a great way to re-watch your favorite presentations and catch any details that you originally missed.

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Bad News: Citi ThankYou Points Cash Out Statement Credits Don’t Earn Cash Back with Citi Double Cash

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Good afternoon everyone, I hope your week is going well.  On April 10, 2021, Citi reduced the value of Citi ThankYou Points (TYPs) when redeemed for travel from 1.25 cents per point (CPP) to 1.0 CPP.  To make up for the devaluation of TYPs, Citi started allowing members with a Citi Premier Credit Card to cash out TYPs at 1 CPP in any amount, down to a single TYP (this redemption already existed on the Citi Prestige Credit Card).  With that info in mind, I wanted to test out the cash out feature on my Citi Double Cash Credit Card.  I made several small purchases and then several cash out redemptions.

Unfortunately, the cash out statement credit redemptions do not count as eligible payments, therefore they do not earn cash back on the Citi Double Cash (I missed out the normal 1% cash back for paying off the credit card).  As you can see by my recent statement, I made $88.99 in purchases, made a $5.01 payment, and $83.98 in cash out statement credits (which posted as credits instead of payments).

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Attend FTU Virtual Seminar on Saturday April 10 ($25) or Free with FTU Online Annual Membership

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Good afternoon everyone, I hope your week is going well.  If you have no plans this coming Saturday (April 10), I highly recommend attending the FTU Virtual Seminar (tickets available for $25).  The seminar starts on Saturday at 11am ET / 8am PT.  I really enjoyed attending the first FTU Virtual Seminar back on December 12 and I’m sure this seminar will be just as entertaining and educational.  If you have the FTU Online Annual Membership, you can attend the seminar for free.

If you registered for the seminar on Saturday, but are unable to watch the live stream, you can access the recording of the seminar and watch later on.  This is also a great way to re-watch your favorite presentations and catch any details that you originally missed.

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