Should I get another Citi Dividend card or a Discover credit card
Guest: quiznut1
Credit Expert (100+ Posts)
Post subject: Should I get another Citi Dividend card or a Discover credit card?
Posted: Thu Jun 08, 2006 3:21 pm
Quote:
Amex (Costco) -------I get this free from work so can't ditch this one. I have to use it for work purchases but can also use it for myself. 2% dining out. 3% travel. 1% everything else. (Amex True Earnings or something like that)
Discover ---------My tried & true main card. Spend around $1,500/month with this one. Had it since '95!
Citi Dividends --------Acquired a year or so ago as recommended by this forum. Been great. My only concern is the $300/yr max rebate. I need Mo-rebate, mo-rebate, mooooo rebate!!!! LOL!!!
I can eat up $300 worth in half a year. (Between groceries & gas)
Soooo........thinking along those lines, I was thinkin' about gettin' a Discover Gas Card That leaves me with 4 cards.
Now, maybe I can just sock drawer the "regular" Discover card & just use it every once in a while??? Since I'll get 1% on all the "other" stuff with the Discover Gas Card, right????
TIA for any advice!!!
I'm kicking myself for not chipping in my two cents sooner on this thread. Okay morebate, I like Ira's idea of getting a second Citi Dividend card. I see you did get approved for a Discover Gas card, that's cool. The only problem is, what are you going to do when you can't get 5% cash back anymore on groceries? Also, EasyRhino is right, Discover pretty much sucks when it comes to general cashback. I mean, .25% on all your other purchases up to $1,500, .5% on everything up to $3,000, THEN you'll get your 1%? I think that's rather pathetic to be honest.
You can do better. EasyRhino suggested the Bank of America Power Rewards. I give this one top props, as I'll be applying for it in about a month. It's 1 point per dollar spent, and 50,000 points earns a $1,000 statement credit, which is 2% cash back. No tiers, and no limits for how many points you can earn. The points expire in 5 years, but refer to This Thread for my info on how to beat that system by buying Power Reward points so you can get to 50,000 points quicker and redeem faster. You say you spend $1,500 on your Discover each month, so reaching 50,000 points shouldn't be too hard if you used a Power Rewards card in its place. You can even redeem 30,000 points for a $450 statement credit with this card, which is 1.5% cash back. It's up to you.
So to sum up, I would keep your AMEX Costco, then have 2 Citi Dividends, as it would cover your gas and groceries for $12,000 in purchases ($600 limit combined). I assume you would only use the Citi for 5% purchases. Then I would get the BOA Power Rewards, one of only a few 2% FLAT cashback cards if you spend $50,000 in 5 years, which shouldn't be a problem.
Hope this helps.
P.S. Hess card --> No limit on rebates
Citi Driver's Edge -->$1,000 per year, but in addition to the 6%, you
also receive rebates for your driving per year,
$1 for every 100 miles, which could add up as
well.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: morebate
Posted: Thu Jun 08, 2006 3:44 pm
quiznut,
Hey, no worries!! Thanks for your .02 sooner/later, don't matter to me!! Just glad to have it!!
Ya, I agree on the Discover thing. (thus my comment about the old "Private Issue" days.......I miss 'em!) Anyway........
As for the Discover Gas Card, ya.....I'll probably just keep an eye on it (should be about 4 months to reach max) then I'll just sock-drawer it & keep it handy for potential use after the anniversary year is up.
Now......I think both the BofA & Driver's Edge are potentials, but I *think* I'd prefer the Driver's Edge if only because the BofA is a waiting game. Diversifying my card lineup would probably hamper my spending potential on such a card so I might end up waiting the whole 5 years to get the $1,000 statement credit. Granted it's awesome, but I like the sound of the Driver's Edge. $1,000 rebate limit sounds like it would suffice for me!!! Then my wife could use the Citi Dividends. (She's got her own, but I'm assuming since they're both the same acct #, I'm still stuck at $300 max.).
NOW........QUESTION.......how the heck does the "driving" rebate work?? $1/100 miles?? How is that tracked??
Thanks a ton, again!! ~ Red!
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Guest: morebate
Posted: Fri Jun 09, 2006 12:14 pm
OK.........Time's up!!!
Let's hear it!!!!
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Guest: quiznut1
Credit Expert (100+ Posts)
Posted: Fri Jun 09, 2006 10:36 pm
Quote:
OK.........Time's up!!!
Let's hear it!!!!
Sorry morebate, here's from Citi's website, aka, copy and paste:
You can earn $0.01 in Drive Rebates for each mile you drive on the vehicle you registered on your enrollment form. The vehicle must be a car, van, light truck, motorcycle or sports utility vehicle that is used primarily for personal, family or household purposes. You may register only one vehicle, and only the miles driven on that vehicle after you enroll are eligible to earn Drive Rebates. To earn Drive Rebates for the miles you drive, you must send us a miles submission form after you have had services performed on your vehicle. You must include with your miles submission form a copy of the detailed invoice of services that legibly indicates the odometer reading on your vehicle as of the date of service. You must send us your miles submission form and invoice of services at the address indicated on the form within 90 days of the date the services are performed. The number of miles eligible to earn Drive Rebates will be equal to the mileage reflected on the invoice of services that accompanied your miles submission form less the mileage indicated on your enrollment form, or if you have previously submitted miles to us, the mileage reflected on the invoice of services that accompanied your most recent miles submission form. To request a miles submission form, call customer service at 1-800-967-8500 or log onto our website at www.redemptions.driversedge.citicards.com.
You can earn up to $500 in Drive Rebates during any consecutive 12 months based upon the date you became a Driver's Edge Options cardmember. However, the total amount of rebates you can earn under the Driver's Edge Rebate Program (including those earned under this Drive Rebates feature) cannot exceed the Driver's Edge Rebate Program yearly rebate limit of $1,000. The date we receive your miles submission form is the date we use for determining whether the miles you submitted are eligible to earn Drive Rebates for purposes of the yearly rebate limit. Drive Rebates may not appear on your billing statement until one or two billing cycles after we receive your miles submission form.
Hope this helps.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: morebate
Posted: Mon Jun 12, 2006 1:32 pm
Anybody else's input???
Citi Driver's Edge is good for one year, so I'd have to revisit the whole "What to do about a long-term gas card" thing again then!!
Maybe there's no other way to do it than just rotating 5% gas cards???
Citi Dividend, then Discover Gas, then Card "X"???
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Expert (100+ Posts)
Post subject: Should I get another Citi Dividend card or a Discover credit card?
Posted: Thu Jun 08, 2006 3:21 pm
Quote:
Amex (Costco) -------I get this free from work so can't ditch this one. I have to use it for work purchases but can also use it for myself. 2% dining out. 3% travel. 1% everything else. (Amex True Earnings or something like that)
Discover ---------My tried & true main card. Spend around $1,500/month with this one. Had it since '95!
Citi Dividends --------Acquired a year or so ago as recommended by this forum. Been great. My only concern is the $300/yr max rebate. I need Mo-rebate, mo-rebate, mooooo rebate!!!! LOL!!!
I can eat up $300 worth in half a year. (Between groceries & gas)
Soooo........thinking along those lines, I was thinkin' about gettin' a Discover Gas Card That leaves me with 4 cards.
Now, maybe I can just sock drawer the "regular" Discover card & just use it every once in a while??? Since I'll get 1% on all the "other" stuff with the Discover Gas Card, right????
TIA for any advice!!!
I'm kicking myself for not chipping in my two cents sooner on this thread. Okay morebate, I like Ira's idea of getting a second Citi Dividend card. I see you did get approved for a Discover Gas card, that's cool. The only problem is, what are you going to do when you can't get 5% cash back anymore on groceries? Also, EasyRhino is right, Discover pretty much sucks when it comes to general cashback. I mean, .25% on all your other purchases up to $1,500, .5% on everything up to $3,000, THEN you'll get your 1%? I think that's rather pathetic to be honest.
You can do better. EasyRhino suggested the Bank of America Power Rewards. I give this one top props, as I'll be applying for it in about a month. It's 1 point per dollar spent, and 50,000 points earns a $1,000 statement credit, which is 2% cash back. No tiers, and no limits for how many points you can earn. The points expire in 5 years, but refer to This Thread for my info on how to beat that system by buying Power Reward points so you can get to 50,000 points quicker and redeem faster. You say you spend $1,500 on your Discover each month, so reaching 50,000 points shouldn't be too hard if you used a Power Rewards card in its place. You can even redeem 30,000 points for a $450 statement credit with this card, which is 1.5% cash back. It's up to you.
So to sum up, I would keep your AMEX Costco, then have 2 Citi Dividends, as it would cover your gas and groceries for $12,000 in purchases ($600 limit combined). I assume you would only use the Citi for 5% purchases. Then I would get the BOA Power Rewards, one of only a few 2% FLAT cashback cards if you spend $50,000 in 5 years, which shouldn't be a problem.
Hope this helps.
P.S. Hess card --> No limit on rebates
Citi Driver's Edge -->$1,000 per year, but in addition to the 6%, you
also receive rebates for your driving per year,
$1 for every 100 miles, which could add up as
well.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: morebate
Posted: Thu Jun 08, 2006 3:44 pm
quiznut,
Hey, no worries!! Thanks for your .02 sooner/later, don't matter to me!! Just glad to have it!!
Ya, I agree on the Discover thing. (thus my comment about the old "Private Issue" days.......I miss 'em!) Anyway........
As for the Discover Gas Card, ya.....I'll probably just keep an eye on it (should be about 4 months to reach max) then I'll just sock-drawer it & keep it handy for potential use after the anniversary year is up.
Now......I think both the BofA & Driver's Edge are potentials, but I *think* I'd prefer the Driver's Edge if only because the BofA is a waiting game. Diversifying my card lineup would probably hamper my spending potential on such a card so I might end up waiting the whole 5 years to get the $1,000 statement credit. Granted it's awesome, but I like the sound of the Driver's Edge. $1,000 rebate limit sounds like it would suffice for me!!! Then my wife could use the Citi Dividends. (She's got her own, but I'm assuming since they're both the same acct #, I'm still stuck at $300 max.).
NOW........QUESTION.......how the heck does the "driving" rebate work?? $1/100 miles?? How is that tracked??
Thanks a ton, again!! ~ Red!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: morebate
Posted: Fri Jun 09, 2006 12:14 pm
OK.........Time's up!!!
Let's hear it!!!!
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: Fri Jun 09, 2006 10:36 pm
Quote:
OK.........Time's up!!!
Let's hear it!!!!
Sorry morebate, here's from Citi's website, aka, copy and paste:
You can earn $0.01 in Drive Rebates for each mile you drive on the vehicle you registered on your enrollment form. The vehicle must be a car, van, light truck, motorcycle or sports utility vehicle that is used primarily for personal, family or household purposes. You may register only one vehicle, and only the miles driven on that vehicle after you enroll are eligible to earn Drive Rebates. To earn Drive Rebates for the miles you drive, you must send us a miles submission form after you have had services performed on your vehicle. You must include with your miles submission form a copy of the detailed invoice of services that legibly indicates the odometer reading on your vehicle as of the date of service. You must send us your miles submission form and invoice of services at the address indicated on the form within 90 days of the date the services are performed. The number of miles eligible to earn Drive Rebates will be equal to the mileage reflected on the invoice of services that accompanied your miles submission form less the mileage indicated on your enrollment form, or if you have previously submitted miles to us, the mileage reflected on the invoice of services that accompanied your most recent miles submission form. To request a miles submission form, call customer service at 1-800-967-8500 or log onto our website at www.redemptions.driversedge.citicards.com.
You can earn up to $500 in Drive Rebates during any consecutive 12 months based upon the date you became a Driver's Edge Options cardmember. However, the total amount of rebates you can earn under the Driver's Edge Rebate Program (including those earned under this Drive Rebates feature) cannot exceed the Driver's Edge Rebate Program yearly rebate limit of $1,000. The date we receive your miles submission form is the date we use for determining whether the miles you submitted are eligible to earn Drive Rebates for purposes of the yearly rebate limit. Drive Rebates may not appear on your billing statement until one or two billing cycles after we receive your miles submission form.
Hope this helps.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: morebate
Posted: Mon Jun 12, 2006 1:32 pm
Anybody else's input???
Citi Driver's Edge is good for one year, so I'd have to revisit the whole "What to do about a long-term gas card" thing again then!!
Maybe there's no other way to do it than just rotating 5% gas cards???
Citi Dividend, then Discover Gas, then Card "X"???
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 11:55 AM
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