Thinking about the Citi double cash mailer

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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4ktvs
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Thinking about the Citi double cash mailer

Postby 4ktvs » Fri Dec 30, 2016 12:01 am

FNBO has been unwilling to grant a useable limit so I am thinking about closing the card and using the Double cash mailer to apply.

Normally Citi's mail offers suck, but this one was at %14.25 APR with 18 months of %0 APR on both purchases and balance transfers. If I am ever going to have a Citi card this would be the one I want and this is the kind of offer I would want.

So is it worth a shot or should I just trash the mailer and forget the double cash?


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CarefulBuilder14
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Re: Thinking about the Citi double cash mailer

Postby CarefulBuilder14 » Fri Dec 30, 2016 12:05 am

4ktvs wrote:FNBO has been unwilling to grant a useable limit so I am thinking about closing the card and using the Double cash mailer to apply.

Normally Citi's mail offers suck, but this one was at %14.25 APR with 18 months of %0 APR on both purchases and balance transfers. If I am ever going to have a Citi card this would be the one I want and this is the kind of offer I would want.

So is it worth a shot or should I just trash the mailer and forget the double cash?

So APR is definitely the priority? You've ruled out getting something with a bonus and PCing to Double Cash after a year?
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

4ktvs
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Re: Thinking about the Citi double cash mailer

Postby 4ktvs » Fri Dec 30, 2016 12:17 am

CarefulBuilder14 wrote:
4ktvs wrote:FNBO has been unwilling to grant a useable limit so I am thinking about closing the card and using the Double cash mailer to apply.

Normally Citi's mail offers suck, but this one was at %14.25 APR with 18 months of %0 APR on both purchases and balance transfers. If I am ever going to have a Citi card this would be the one I want and this is the kind of offer I would want.

So is it worth a shot or should I just trash the mailer and forget the double cash?


So APR is definitely the priority? You've ruled out getting something with a bonus and PCing to Double Cash after a year?


I wouldn't mind getting a bonus, in fact that would be better it's just I didn't know how Citi handles PC.

I only listed the APR because I know that I was getting the max APR and that normally leads to bad limits.

The other issue is that the cards with bonuses from Citi aren't cash back cards and the one time I did a point card bonus I screwed it up by not fully planning my options out for what I could use it for. If they do now have a Cash bonus I would think of that.

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CarefulBuilder14
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Re: Thinking about the Citi double cash mailer

Postby CarefulBuilder14 » Fri Dec 30, 2016 1:14 am

4ktvs wrote:
CarefulBuilder14 wrote:
4ktvs wrote:FNBO has been unwilling to grant a useable limit so I am thinking about closing the card and using the Double cash mailer to apply.

Normally Citi's mail offers suck, but this one was at %14.25 APR with 18 months of %0 APR on both purchases and balance transfers. If I am ever going to have a Citi card this would be the one I want and this is the kind of offer I would want.

So is it worth a shot or should I just trash the mailer and forget the double cash?


So APR is definitely the priority? You've ruled out getting something with a bonus and PCing to Double Cash after a year?


I wouldn't mind getting a bonus, in fact that would be better it's just I didn't know how Citi handles PC.

I only listed the APR because I know that I was getting the max APR and that normally leads to bad limits.

The other issue is that the cards with bonuses from Citi aren't cash back cards and the one time I did a point card bonus I screwed it up by not fully planning my options out for what I could use it for. If they do now have a Cash bonus I would think of that.

I don't think they offer a cash bonus, since they just offer the bonus-less DC and Costco as cash back. Lots of people report PCing to DC, but it's true that rules can and do change.

As I see it, cards generally deteriorate over time, so it's idea to start with a good bonus up front. If you can't use points/miles well, maybe you don't want to bother...but even a poorly-redeemed bonus can be nice.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

Tubpbs
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Re: Thinking about the Citi double cash mailer

Postby Tubpbs » Fri Dec 30, 2016 5:39 am

Based on the phrasing of the initial post, it seems like you're saying you would close your current card before applying. I'm assuming you know that's a bad idea until you want to close the card anyway (in case your application is declined and you still want to rely on that card). I'm guessing that was just the way you wrote it and wouldn't be your order of operations, but wanted to point it out just in case.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
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