- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
Hi. Does anyone have experience with Citi Forward card, which says it offers:
"5 points for every $1 spent on dining, books, movies and music; 1 point for other purchases."
I'm wondering how accurate they are at categorizing "restaurant" purchases as such. I eat out a lot and if I get credited correctly, this will be a good deal for me. (I'm expecting the card in about a week; just got approved.)
The points are for "ThankYou" rewards. I'd prefer plain cashback, but there's a cash option for redemption on the rewards website. By my math, based on the fact that they require 8,000 points to get $50, the rebate works out to 3.125% on restaurant purchases (5 points).
That compares favorably with the 2% cashback I get on all purchases with Fidelity Amex and the 3% I get in top 3 categories on Chase Freedom.
So the new plan is:
Citi Forward for all restaurants (3.125% cashback)
Chase Freedom for utilities/telecom, pet-related spending, grocery (3% cashback capped at $12/mo. or on up to $400 spending)
Chase Amazon for all Amazon.com (3% cashback)
Fidelity Amex (FIA) for all other (2% cashback)
(No fees on any of these, btw)
I've investigated Amex Bluecash, which I have, but not quite as good a deal for me as Chase Freedom, etc. I charge and pay off about $25-28k/year. The plan above, by my guesstimate, would give me a nominal cash rebate of roughly 2.9%, or about $725/year based on $25k of spending.
Anyone have other ideas?
Edit: Got card today. After visiting Citi Thank You rewards website I realize I can get a $50 Citi giftcard for 7,000 points. This appears that it would be like getting cash rebate (which costs 8,000 points), so my rebate percentage on Citi restaurant purchases would be 3.57%, even better. We'll see what they're like to deal with and if they award points correctly.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.