Citi DoubleCash

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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CC Deville
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Postby CC Deville » Thu Aug 28, 2014 9:56 pm

otter wrote: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.


When it first came out, the Dividend was a great card; too great...too many people signed up and maxed out the annual $300 maximum so they changed it, and changed it again. The Dividend's current 5% categories are ridiculous; and for me at least, worthless.

When they got rid of the Cash Returns card, people who had them still have them, so I don't know if they will automatically change Dividend cardholders to Double Cash. My plain Jane Platinum Select Visa was recently force changed by Citibank to a Diamond Preferred.

I am thinking about asking if they will let me change my AT&T Universal Card into the Double Cash; if not then I will ask for my Dividend to be converted (I'd rather keep AT&T account as it will be 16 next year and close my Dividend altogether). Since I am existing cardholder, I will change one of them into this card; however, if I were not a Citibank cardholder I wouldn't bother with it. I figure I can use the Double Cash for "everything else" and continue using my BofA Cash Rewards for groceries (2.2% with redemption to my BofA checking) and gas (3.3% redemption to my BofA checking). I'll know more in about a week with the rest of you.


yfan
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Postby yfan » Thu Aug 28, 2014 10:06 pm

CC Deville wrote: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!

You'd be surprised how many forms the words "double" and "cash" can take in the financial industry.

To be frank, I'm not impressed by this card. Yeah it's 2%, but not at the time of purchase. Why do they have to split it up into two parts? I think they are trying to get people who don't or cannot pay their balances in full every month to get a "rewards" card so that their interest rates can be jacked up just because it's a "rewards" card.

At first glance, I thought about having my Dividend card switched to this. But I think I'll keep it.

notcool
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Postby notcool » Thu Aug 28, 2014 11:00 pm

yfan wrote:
To be frank, I'm not impressed by this card. Yeah it's 2%, but not at the time of purchase. Why do they have to split it up into two parts? I think they are trying to get people who don't or cannot pay their balances in full every month to get a "rewards" card so that their interest rates can be jacked up just because it's a "rewards" card.



I wonder if the idea of the second 1% back is in part to encourage people who are in very serious debt to, say Citi, Chase and Discover, and who can possibly pay back one company to make Citi the company they repay.

babybear9925
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Postby babybear9925 » Sun Aug 31, 2014 11:53 am

I Want to know will it be a visa or mastercard also before i apply for this card i feel its missing something

yfan
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Postby yfan » Mon Sep 01, 2014 3:30 am

babybear9925 wrote:I Want to know will it be a visa or mastercard also before i apply for this card i feel its missing something

From people who have applied and got approved reporting on MyFico, it's a Mastercard. I'm getting a little split on this now. 2% flat isn't bad, and with Citi's categories for the Dividend not being so stellar lately...

I think whether I will PC the Dividend will depend on another decision I am trying to make: whether or not to keep the Orbitz credit card I have recently got. If I do, it's a straight 2% cashback card outside of Orbitz purchases, as long as I use the cashback in the form of Orbucks to book hotels.

freyj6
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Postby freyj6 » Mon Sep 01, 2014 3:40 am

Looks like quite a good card to me.

2% cash back with no annual fee is the best general spending card out there (aside from Fidelity Amex which requires an account with them and AMEX is accepted in fewer places).

Unless you spend >$45,000 per year in uncategorized, it's better than the Arrival, and unless you're able to squeeze 2+ points out of UR or MR points, it's really better than any other card after taking annual fees into account.
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WhatNow49
 
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Postby WhatNow49 » Mon Sep 01, 2014 6:05 am

I just checked the Citicards website and looks like they've removed both the Citi Dividend and the Citi Forward card.. wasn't expecting that! I just hope they don't change anything for existing users, I'm still getting 5x points on Forward and I still use the Dividend occasionally for the 5% categories (if they're any good).

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PlyrStar93
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Postby PlyrStar93 » Mon Sep 01, 2014 10:59 am

They have already removed Forward back in March. For whoever got the Forward under old reward terms, 5x for restaurants and bookstores still applies.

After asking for replacement card, the letter will simply say earn 1% on virtually all purchases, but actually still get 5x for restaurants etc. And well, if they do eliminate the extra rewards the card can go away.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
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WhatNow49
 
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Postby WhatNow49 » Mon Sep 01, 2014 11:43 am

PlyrStar93 wrote:They have already removed Forward back in March. For whoever got the Forward under old reward terms, 5x for restaurants and bookstores still applies.

After asking for replacement card, the letter will simply say earn 1% on virtually all purchases, but actually still get 5x for restaurants etc. And well, if they do eliminate the extra rewards the card can go away.


Oh wow I didn't realize it's been that long -- although I don't really check CitiCards' site much. I'm hoping they keep that reward structure grandfathered in mostly because it's my oldest card, and they don't allow people to PC the forward into something else.

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emduken
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Postby emduken » Tue Sep 02, 2014 9:01 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?


I've had Dividend for almost a decade (when it first was offered) and can vouch for the better perks in its earlier incarnation. Been thinking about PCing to DP, if they'll allow it but if I'd have to apply and they don't offer CL consolidation, then I guess I won't be budging :(
FICO: EQ 675 (05/15) EX 676 (05/15) TU (12/14)

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