Citi Double Cash and ???

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kdm31091
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Re: Citi Double Cash and ???

Postby kdm31091 » Sat Dec 19, 2015 12:37 pm

Tubpbs wrote:
kdm31091 wrote:
RewardsHunter17 wrote:I have a Double Cash, and I have to say that is very useful for when I have spending that doesn't fit into one of my rewards cards. Unfortunately the limit on it isn't great so I usually have to make multiple payments per month to use it.


I'm really not finding the structure on Double Cash to be agreeable. Don't get me wrong, 2% on everything is nice, but you have to let the statement post, pay the balance, and wait another cycle for the other half of the rewards. It's not the end of the world, but it's more annoying than it should be. Of course you can pay before the statement cut, but even that doesn't always work -- I recently paid a few days before the statement, and am still stuck waiting another cycle for the rest of what I'm owed. It's just a lot of hassle for an extra 0.5% over the hassle-free Quicksilver.


What is your position on MR? While I certainly hear what you're saying... If rewards maximization is your plan, I don't see the hassle. The terms are clear and the rewards have to post... I'd certainly rather have them immediately than wait and I'd prefer the 2% be on purchases instead of 1 & 1, but barring that, the card is excellent for what it's for.

I'm curious how you feel about the MR wait. How often do you redeem your cash back? Is it about having the cash back? Or redeeming it? Or more about keeping track of it for the extra time?


I'm just an impatient person, so having to wait 2 statements for the rewards to "catch up" is just kind of obnoxious. Having to track how much you are owed because it doesn't come up until a statement later, etc. Again, it's not a dealbreaker, and 2% on everything is nice, but I just wish it were a bit more cut and dry.

I don't redeem very often anyway; I don't see much point in cashing out $5 in rewards. I'd rather wait until I can get a decent gift card or something. It's just the principle of having to wait 2 months to get access to the rewards (similar gripe with my blue cash preferred).

The Double Cash vs QS debate will likely go on forever until/unless one or both are discontinued someday. There's merits to the Double Cash for 2% if you are willing to put up with waiting longer and the $25 threshold. There's merits to the cut and dry 1.5% Quicksilver which can be redeemed anytime (in practice, I don't redeem low amounts anyway, but at least you aren't restricted). Of course, it also extends to Capital One vs Citi. I do find overall Citi to be a bit more customer flexible.

I agree though that if one wants maximum rewards, they are going to have to put up with small caveats along the way. That said, I've gotten away from "this card for this and this card for that" (except where it makes a large difference of course) and tend to just concentrate my spend more on a couple cards now. While you end up netting slightly less, the rewards feel more substantial when you aren't earning $1.03 on 10 cards per month.


Tubpbs
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Re: Citi Double Cash and ???

Postby Tubpbs » Sat Dec 19, 2015 2:16 pm

Concentrating your spend makes sense in the way you describe it at the end. Agreed.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

kdm31091
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Re: Citi Double Cash and ???

Postby kdm31091 » Sat Dec 19, 2015 2:27 pm

Tubpbs wrote:Concentrating your spend makes sense in the way you describe it at the end. Agreed.


Yeah, I'm a "less is more" kind of person with cards. Particularly with cash back there's just quite a diminishing benefit to adding more and more cards. I fell into the habit for awhile of applying for "this card for this, this one for that" but for me, it's just too much headache for too little gain. Before I got really interested in cards, I used my Discover for basically everything. Was much easier to manage and deal with. One bill to pay, etc.

To that end, I've basically designated one card to pay my bills with and using a couple others for everyday spending. Minimizes the number of different things to track. In time, as I garden and things age, I will pare down to probably 3-4 cards which is more than enough for me. YMMV based on spend/lifestyle/income/etc.

Tubpbs
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Re: Citi Double Cash and ???

Postby Tubpbs » Sat Dec 19, 2015 2:38 pm

kdm31091 wrote:
Tubpbs wrote:Concentrating your spend makes sense in the way you describe it at the end. Agreed.


Yeah, I'm a "less is more" kind of person with cards. Particularly with cash back there's just quite a diminishing benefit to adding more and more cards. I fell into the habit for awhile of applying for "this card for this, this one for that" but for me, it's just too much headache for too little gain. Before I got really interested in cards, I used my Discover for basically everything. Was much easier to manage and deal with. One bill to pay, etc.

To that end, I've basically designated one card to pay my bills with and using a couple others for everyday spending. Minimizes the number of different things to track. In time, as I garden and things age, I will pare down to probably 3-4 cards which is more than enough for me. YMMV based on spend/lifestyle/income/etc.


What cards do you have now?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

kdm31091
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Re: Citi Double Cash and ???

Postby kdm31091 » Sat Dec 19, 2015 2:45 pm

Tubpbs wrote:
kdm31091 wrote:
Tubpbs wrote:Concentrating your spend makes sense in the way you describe it at the end. Agreed.


Yeah, I'm a "less is more" kind of person with cards. Particularly with cash back there's just quite a diminishing benefit to adding more and more cards. I fell into the habit for awhile of applying for "this card for this, this one for that" but for me, it's just too much headache for too little gain. Before I got really interested in cards, I used my Discover for basically everything. Was much easier to manage and deal with. One bill to pay, etc.

To that end, I've basically designated one card to pay my bills with and using a couple others for everyday spending. Minimizes the number of different things to track. In time, as I garden and things age, I will pare down to probably 3-4 cards which is more than enough for me. YMMV based on spend/lifestyle/income/etc.


What cards do you have now?


Yeah I need to make a signature here. Let's see, Quicksilver, Cash+, Double Cash, BJ's Mastercard, Blue Cash Preferred, Discover and Upromise. Plan to get rid of either DC or QS depending which I decide I like better, and maybe even BJ's when membership comes for renewal as honestly, although I like it there, it's a hassle to go there from my house and I tend to go to Target/ Shop Rite more often because of that.

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CarefulBuilder14
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Re: Citi Double Cash and ???

Postby CarefulBuilder14 » Sat Dec 19, 2015 3:00 pm

Having to wait a month or two after a purchase for the rewards to post would only bother me if I needed a certain number of MR/UR/airline/hotel points ASAP for award travel. For plain cash back, I'm okay with waiting. Having $200 a few months from now is better than having $150 today.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

Tubpbs
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Re: Citi Double Cash and ???

Postby Tubpbs » Sat Dec 19, 2015 4:03 pm

CarefulBuilder14 wrote:Having to wait a month or two after a purchase for the rewards to post would only bother me if I needed a certain number of MR/UR/airline/hotel points ASAP for award travel. For plain cash back, I'm okay with waiting. Having $200 a few months from now is better than having $150 today.


I agree. 100%
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It



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