Dividend rewards unimpressive

All about maximizing your rewards!
Members share tips and tricks for getting the most cash back, miles, & points.
24 posts
nishant
Centurion Member
Centurion Member
 
Posts: 120
Joined: Wed Dec 19, 2012 10:07 am
Location: Chicago

Dividend rewards unimpressive

Postby nishant » Wed Dec 19, 2012 10:30 pm

2013 first quarter 5% cash back categories for Citi Dividend are unimpressive. Zappos.com
Fitness clubs & Drugstores are the three categories.

I pay about $40 for fitness club so 1% to 5% will save me a $1.60 per month times 3 month will save me less than $5 bucks this year. In addition, compared to favorable US bank $20 minimum amount, Citi has accumulate $50 to redeem the rewards.

Unimpressive and therefore the card will be filed away from my wallet for 2013


User avatar
Moneytalks
Centurion Member
Centurion Member
 
Posts: 436
Joined: Sat Feb 04, 2012 8:22 pm
Location: United States

Postby Moneytalks » Thu Dec 20, 2012 8:00 am

Mine has been in the drawer since the spring...

andrewket
Gold Member
Gold Member
 
Posts: 25
Joined: Mon Jul 23, 2012 11:53 am
Location: Virginia

Postby andrewket » Thu Dec 20, 2012 9:54 am

I've had the dividend card since 2004. It used to be a good card, but it hasn't been competitive for many years. Last year I converted it to a world elite with EMV, with the thought that I might use some of the extra benefits. It hasn't happened. Plus the EMV is chip+signature (not chip+pin, which is what you want) and it has a foreign exchange fee. The only reason I'm leaving it open is AAOA and the thought that perhaps Citi will come up with a better card in the future and I can PC.


DavidNY
Centurion Member
Centurion Member
 
Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Thu Dec 20, 2012 11:38 am

The drugstore category could be good for gift cards.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Thu Dec 27, 2012 8:46 pm

Nishant I wouldn't give up. yes I agree with you there unimpressive, but remember this christmas just passed, a lot of people were given restaurant gift card some were given a visa or American express gift card. as the year goes on the dividend will have other categories.

you live in Chicago maybe the next quarter april may and June will have restaurants, so you could go to your favorite restaurants that have outside patio, whereas with our Discover card there having restaurants in the first quarter Jan, Feb and March. look at the bright side since a lot of people were given clothes, colonge, scarves, gloves, gift cards to any stores would you want Citi to have 5% cash back on department stores, fashion and restaurants?

User avatar
Moneytalks
Centurion Member
Centurion Member
 
Posts: 436
Joined: Sat Feb 04, 2012 8:22 pm
Location: United States

Postby Moneytalks » Mon Dec 31, 2012 9:24 am

*Update: I got bored with the Dividend, so I pulled it out of the sock drawer and called citi and asked if I could do a product change...sure enough, I converted it to a Thank you preferred!!! Now that I can get thank you points, I'll be using it more often! Just an idea instead of leaving it with the socks haha

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Tue Jan 01, 2013 1:12 pm

Smart move.
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


cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Tue Jan 01, 2013 11:38 pm

I just read online somewhere that Citi's cap is $6000 per year, while Discover/Chase's cap is $1500 per quarter. If this is true, the Citi Dividend card can be well worth it with just one good category because you can use all 6K on it (assuming you can do that in one quarter). Can anyone say if this is true or not? If grocery comes up sometime for 2013, I will probably pull the trigger if I can spend all 6K on it.

Also, having fitness clubs for January is great if your gym allows you to prepay for a whole year.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Wed Jan 02, 2013 12:11 am

From doing a little research, what I said above seems to be true. So, if there is one good category for 2013, I'll be applying.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Randiesel75
Platinum Member
Platinum Member
 
Posts: 84
Joined: Thu Dec 27, 2012 8:43 pm
Location: Clark, NJ

Postby Randiesel75 » Wed Jan 02, 2013 9:45 am

cashback wrote:From doing a little research, what I said above seems to be true. So, if there is one good category for 2013, I'll be applying.


Are the 2013 categories listed anywhere, yet?



Return to “Rewards”

Who is online

Users browsing this forum: Google Feedfetcher and 0 guests
†Advertiser Disclosure
The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.