Citi DoubleCash

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Aug 28, 2014 5:29 pm

CC Deville wrote:Also, Citibank is notorious for "bait and switch" rewards wherein they will get you to sign up for an awesome card (my Dividend back in 2004-2007 had 5% back on groceries, gas and drugstores and then 2007-2010ish they changed to 2% on groceries, gas, drugstores and added utilities and then mid 2010 made it a fake a$s Freedom/Discover wannabe with 1% and 5% rotating categories which over the past few years do nothing for me) and then change the rules and "nerf" the rewards.


That's why I'm uneasy about getting any card with an annual fee - from any issuer. With no AF, I can just use a card for $20 per month and keep the history open. Once the AF comes into play, I'd have to hurt my future AAoA when I closed down AF cards with nerfed rewards.

The PRG in my signature being an exception as it is a card I knew I would move away from.
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


CC Deville
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Postby CC Deville » Thu Aug 28, 2014 5:32 pm

CarefulBuilder14 wrote:That's why I'm uneasy about getting any card with an annual fee - from any issuer. With no AF, I can just use a card for $20 per month and keep the history open. Once the AF comes into play, I'd have to hurt my future AAoA when I closed down AF cards with nerfed rewards.

The PRG in my signature being an exception as it is a card I knew I would move away from.


Agreed. And to be fair, Chase changed Freedom, Discover had changed their rewards structure and more recently, US Bank's Cash + was changed quite a bit. As someone else said on MyFICO, since the card is actually called double cash, they might have to stick with the reward structure on this one!

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Aug 28, 2014 5:45 pm

CC Deville wrote:As someone else said on MyFICO, since the card is actually called double cash, they might have to stick with the reward structure on this one!


They could put caps or spending tiers onto it. Like double cash....for the first $5,000 of spending each year. Then 1%.

Or double cash...on all spending above $5,000...and 1% from $1 to $5000.

Both those tricks are pretty widely used, already.

Edit: I don't remember which card it was, but I remember hearing about a card that went from 1% to 2% and back to 1% as spending rose...so no one would ever have an average reward rate over something like 1.25%. (I remember the general pattern, not the exact numbers.)
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

CC Deville
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Postby CC Deville » Thu Aug 28, 2014 5:49 pm

CarefulBuilder14 wrote:They could could put caps or spending tiers onto it. Like double cash....for the first $5,000 of spending each year. Then 1%.

Or double cash...on all spending above $5,000...and 1% from $1 to $5000.

Both those tricks are pretty widely used, already.


True true. Basically I don't see anything wrong with PCing to this card if you already have a Citibank card but I don't know that I would recommend applying for a new one to a friend or family member based on past experiences with Citibank.

popamode72
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Postby popamode72 » Thu Aug 28, 2014 6:03 pm

Ugh. Tried the Twitter thing and someone called me and talked to me about my options and they said the same thing. My card isn't eligible for any PCs and that I'd have to apply for this card. They don't even offer CL consolidation anymore. Why must Citi be so conservative with nearly everything?
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

luvbullmarkets
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Postby luvbullmarkets » Thu Aug 28, 2014 6:32 pm

I like the idea of another 2% flat rewards rate cost. Will this card be eligible for Citi's online bonus rewards mall?
Amex EveryDay, Amex BCE , Barclaycard Arrival+ WEMC, CSP Visa Signature, Discover it, Wells Fargo Propel 365 Amex

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CC Deville
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Postby CC Deville » Thu Aug 28, 2014 7:31 pm

popamode72 wrote:Ugh. Tried the Twitter thing and someone called me and talked to me about my options and they said the same thing. My card isn't eligible for any PCs and that I'd have to apply for this card. They don't even offer CL consolidation anymore. Why must Citi be so conservative with nearly everything?


Try again once it has officially hit the 1 year mark. Citibank has been sticking to what they interpret CARD Act by not doing any changes for the first year.

popamode72
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Postby popamode72 » Thu Aug 28, 2014 7:48 pm

CC Deville wrote:Try again once it has officially hit the 1 year mark. Citibank has been sticking to what they interpret CARD Act by not doing any changes for the first year.


Okay I will do just that. Thanks!

Mine hits the one year mark on September 7th.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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otter
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Postby otter » Thu Aug 28, 2014 9:27 pm

CC Deville wrote:As someone else said on MyFICO, since the card is actually called double cash, they might have to stick with the reward structure on this one!


Just got my flux capacitor fixed, so took the DeLorean for a spin today to see what was in my mailbox three years from now. Found this pre-approved offer:

You have just been pre-approved for the Enhanced Citi DoubleCash Card! That's right... now you too can enjoy double the rewards on one of our seven exciting 2% categories- toenail clippers, kitty litter, ottomans, ice cube trays, Scientology auditing fees, blackberry apps and toasters(not including toaster ovens)!

Seriously, though... it's interesting that Citi has removed the link for the Dividend from their "all credit cards" page. You can still get to the application link if you google the dividend, but I guess the worthless Dividend's days are numbered. I wonder if this means eventually Citi will let Dividend cardholders do a PC change (or even "nudge" cardholders in that direction in much the same way that Discover did when they introduced the IT and encouraged other cardholders to switch). You gotta think Citi has totally lost any interest in coming up with categories for the Dividend.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

popamode72
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Postby popamode72 » Thu Aug 28, 2014 9:40 pm

I would be highly impressed if Citi was able to keep the card this way for years to come seeing as how CC companies have really cut back on their rewards programs.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)



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