Which card is better Citi Dividend or Bank Americard Cash Rewards?

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andy1088
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Which card is better Citi Dividend or Bank Americard Cash Rewards?

Postby andy1088 » Wed Apr 11, 2012 10:08 am

Which card would you guys prefer?
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500


FutureBillionaire
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Postby FutureBillionaire » Wed Apr 11, 2012 10:25 am

Bank of America. Citi Dividend has a very strict cap on the amount of cash that you can earn.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

andy1088
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Postby andy1088 » Wed Apr 11, 2012 10:51 am

Really whats the cap? I got denied a BOA card back in December and I'm not sure if I'd get it now. Is the cap lower than Chase/Discover $1,500 for the 5%? Are they like Discover with the you have to spend $3,000 to get 1%? I have a Citi card now so I might have a chance to get the Dividend, but seeing the caps are low I may reconsider
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500

Money card
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Postby Money card » Wed Apr 11, 2012 9:19 pm

I actualy applied for a Citi dividend and I got a letter stating that I had 1 new inquary plus this one, so a banker explained to me that I have 2 many cards.

first of all what do you use your cards for? shopping like Lord&Taylor, sears , Jc penny, J crew, going out to restaurants like Buffalo wildwings, Ruby Tuesdays, Fridays your local restaurants, gas stations , movies , drug stores, grocery stores?

andy1088
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Postby andy1088 » Wed Apr 11, 2012 9:40 pm

Shopping usually.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500

Money card
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Postby Money card » Wed Apr 11, 2012 10:03 pm

I would then say the Dividend , The Banker told me you get the 5% cash back on rotating categorys, of course department stores and clothing will be in 1 of the quarters probably around the holidays.

with the Bank of america you get 3% back on grocerys If heard the commerical right I think 2 % back on gas and I'm not sure about there third category.

very similar to American Express blue cash program, where as Citi is more like Discover mores program.

I would say since you like to shop the Citi is the better card.

If you had said you use your card for more everyweek purchases like gas, grocerys, restaurants and for gifts I would have then said
Bank of America.

bmw1990Z
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Postby bmw1990Z » Wed Apr 11, 2012 10:59 pm

to me cashback cards are involve spending way too much money for too little gain. some swear by them but I'd stick to rewards credit cards over cashback...just me though.
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

andy1088
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Postby andy1088 » Thu Apr 12, 2012 9:14 am

The thing is I'm probably not going to get either card right now. I just got a Freedom and already have a More card as well.. This is for future references.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500

FutureBillionaire
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Postby FutureBillionaire » Thu Apr 12, 2012 10:06 am

The Dividend has a cap of 300 bucks vs the 1500 of Chase and Discover More. I don't recommend that card at all. In addition, cash back cards are good if you buy things that you normally would with those cards. If you spend money just to get rewards, you are defeating the purpose.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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