CarefulBuilder14 wrote:$300 as a cash back limit is still reasonable as a full-year limit. If you just use it for 5% categories, it applies to $6000 of spending. Freedom and It come with quarterly limits of $1500 of category spending. Freedom and It don't place a limit on total cash back, though.
The usefulness of the the particular categories matters, of course, but a $300 somewhat flexible cash back limit is, all else equal, preferable to four inflexible $75 limits. Again, this assumes you use Dividend, It, and Freedom only for 5% spending.
I agree it's a bad card for everyday use - but most of their customers probably have another card getting at least a base 1% cash back with no limit.
If that were on the 5%, I'd agree it's reasonable. Because it's for everything for the entire year, no, I don't agree it's reasonable. It's pretty lacking compared to most other rewards cards.
When I got the cards I have now the idea wasn't to keep them all forever - that would drive me nuts. I want at MOST 6 cards at any one time, long term. That is the MOST I want to deal with and honestly I'd prefer fewer. The idea I had was to try out the major lenders and let them compete for my business and let the best companies win. (And also that way I'd have positive history with the others if things changed).
So far, Citi is really on the bottom overall. They may be better about limits and CLIs than say Discover, but that's really the only way they are better that I've seen so far besides letting you sign up for your 5% with one click. I can't think of any other way they top Discover, or really any of my other lenders. So that is looking like the odd card out to me. If Discover never gives me a CLI to at least 5k they could be facing the chopping block next, but for now, I plan to keep it (can't say I'll be patient forever though) but to me, clearly when I cut down to 6, Citi is the one that hasn't made the cut so far.
And I'm sorry if that seems brutal or heartless or whatever, but you know what, our whole economic system is the same way - you compete and you make it or you don't. No one is going to cry for me if I don't. That's just life. And that's what my own determination is, yours may be totally different.