CitiCard Credit Card Cash Back Rewards Question
Guest: cameron
Post subject: CitiCard Credit Card Cash Back Rewards Question
Posted: Wed Apr 12, 2006 3:30 pm
I have been hearing that citicard often will only give you 1% rather than 5% at stores, gas, and drugs unless you check closely and call them. Is that true?
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Guest: beyond platinum
Credit Expert (100+ Posts)
Posted: Wed Apr 12, 2006 5:30 pm
This happened to me after having the card for 3 months but I'm positive it doesn't happen to everyone. I simply sent Citibank an email about the problem and the bonus cash was credited for the 3 months.
Also, you will always earn 1% on everything including gas, grocery, and drugstore purchases but the bonus 4% is credited when your statement ends. It usually takes about one to two statements for the bonus to materialize.
I strongly recommend this card despite my experience.
_________________
"Believe not everything, but only what is approved: the former is foolish, the latter the act of a sensible man." --Democritus
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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Thu Apr 13, 2006 8:10 am
cameron,
Greetings and welcome to the board! You get the 5%, but only at stand alone places. Best idea is to check your statement carefully every month and "do the math" yourself.
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Sign up for our free monthly e-mail newsletter!
Last edited by Board Monitor on Fri Apr 14, 2006 7:24 am; edited 1 time in total
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Guest: quiznut1
Credit Expert (100+ Posts)
Posted: Thu Apr 13, 2006 9:17 am
Don't forget, there's the Chase Rewards Plus card, which is also 5% on gas, grocery, drugstore, 1% on everything else, but gives you a $600 yearly rebate limit, as compared to the Citi Dividend and Chase Cash Plus, which each have a $300 yearly limit.
The structure of the Chase Rewards Plus is a little different. It's a points system, 5 points for every dollar at gas stations, grocery stores, drugstores, and 1 point per dollar on everything else. You shouldn't cash out however until you reach 10,000 points for a $100 check (a $25 check is redeemable at 3,500 points and a $50 check is redeemable at 6,000 points, hardly worth it). You can earn 75,000 points in 1 year, but can only redeem 60,000 of those points in a year for cash ($600). The other 15,000 points ($150) you can use for gift cards to selected merchants, which is nice.
As soon as I reach exactly 5,000 points with my Chase Cash Plus Rewards card, I'm going to convert my Cash Plus program to the Rewards Plus program, due to the higher yearly limit on points (Cash plus is 30,000 per year, Rewards Plus is 75,000 points per year). Also, under the Chase Cash Plus Rewards program, points expire after 3 years, with the Chase Rewards Plus program, points expire after 5 years.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: heavyjay
Posted: Thu Apr 13, 2006 9:48 am
Board Monitor wrote:
cameron,
Greetings and welcome to the board! You get the 5%, but not only at stand alone places. Best idea is to check your statement carefully every month and "do the math" yourself.
True story: I used my Citi DR for a $10 purchase in a liquor store and got bonus points. On my statement, the bonus points were under the category "health care".
_________________
Jay
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Thu Apr 13, 2006 10:31 am
quiznut1: a warning on chase. I got the runaround recently on converting to a different rewards program. It didnt get converted and I called and they said that they didnt have a record of it. They have told me twice that you lose your rewards balance at the change, too. Almost easier to sign up for a new card. I probably will complain about it and see if I can get some bonus points.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: quiznut1
Credit Expert (100+ Posts)
Posted: Thu Apr 13, 2006 11:00 am
maddybeagle, if you reference a recent subject I started, I covered the fact you would lose the points converting to another program. That's why I said "exactly" 5,000 points, because that is my plan. Cash out when I have exactly 5,000 points to the new Rewards Plus program. I will make sure they accurately change it however. I'm sorry to hear about the no record of change. Thanks again.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: CitiCard Credit Card Cash Back Rewards Question
Posted: Wed Apr 12, 2006 3:30 pm
I have been hearing that citicard often will only give you 1% rather than 5% at stores, gas, and drugs unless you check closely and call them. Is that true?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: beyond platinum
Credit Expert (100+ Posts)
Posted: Wed Apr 12, 2006 5:30 pm
This happened to me after having the card for 3 months but I'm positive it doesn't happen to everyone. I simply sent Citibank an email about the problem and the bonus cash was credited for the 3 months.
Also, you will always earn 1% on everything including gas, grocery, and drugstore purchases but the bonus 4% is credited when your statement ends. It usually takes about one to two statements for the bonus to materialize.
I strongly recommend this card despite my experience.
_________________
"Believe not everything, but only what is approved: the former is foolish, the latter the act of a sensible man." --Democritus
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Thu Apr 13, 2006 8:10 am
cameron,
Greetings and welcome to the board! You get the 5%, but only at stand alone places. Best idea is to check your statement carefully every month and "do the math" yourself.
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Sign up for our free monthly e-mail newsletter!
Last edited by Board Monitor on Fri Apr 14, 2006 7:24 am; edited 1 time in total
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: quiznut1
Credit Expert (100+ Posts)
Posted: Thu Apr 13, 2006 9:17 am
Don't forget, there's the Chase Rewards Plus card, which is also 5% on gas, grocery, drugstore, 1% on everything else, but gives you a $600 yearly rebate limit, as compared to the Citi Dividend and Chase Cash Plus, which each have a $300 yearly limit.
The structure of the Chase Rewards Plus is a little different. It's a points system, 5 points for every dollar at gas stations, grocery stores, drugstores, and 1 point per dollar on everything else. You shouldn't cash out however until you reach 10,000 points for a $100 check (a $25 check is redeemable at 3,500 points and a $50 check is redeemable at 6,000 points, hardly worth it). You can earn 75,000 points in 1 year, but can only redeem 60,000 of those points in a year for cash ($600). The other 15,000 points ($150) you can use for gift cards to selected merchants, which is nice.
As soon as I reach exactly 5,000 points with my Chase Cash Plus Rewards card, I'm going to convert my Cash Plus program to the Rewards Plus program, due to the higher yearly limit on points (Cash plus is 30,000 per year, Rewards Plus is 75,000 points per year). Also, under the Chase Cash Plus Rewards program, points expire after 3 years, with the Chase Rewards Plus program, points expire after 5 years.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: heavyjay
Posted: Thu Apr 13, 2006 9:48 am
Board Monitor wrote:
cameron,
Greetings and welcome to the board! You get the 5%, but not only at stand alone places. Best idea is to check your statement carefully every month and "do the math" yourself.
True story: I used my Citi DR for a $10 purchase in a liquor store and got bonus points. On my statement, the bonus points were under the category "health care".
_________________
Jay
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Thu Apr 13, 2006 10:31 am
quiznut1: a warning on chase. I got the runaround recently on converting to a different rewards program. It didnt get converted and I called and they said that they didnt have a record of it. They have told me twice that you lose your rewards balance at the change, too. Almost easier to sign up for a new card. I probably will complain about it and see if I can get some bonus points.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: quiznut1
Credit Expert (100+ Posts)
Posted: Thu Apr 13, 2006 11:00 am
maddybeagle, if you reference a recent subject I started, I covered the fact you would lose the points converting to another program. That's why I said "exactly" 5,000 points, because that is my plan. Cash out when I have exactly 5,000 points to the new Rewards Plus program. I will make sure they accurately change it however. I'm sorry to hear about the no record of change. Thanks again.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 7:15 PM
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