Ok, Now It’s Official

Posted by Sun on August 31, 2006
Advertisements

Received in the mail tonight, starting October 13th, the new Citi Dividend Reward program works as follows:

  • 2% cash back on purchases made at supermarket, drugstores, and gas station;
  • 2% cash back or more at convenience stores and for electricity, gas, water supply, refuse services, excluding phone services;
  • 1% cash back on all other purchases;
  • 1% cash back on cash advances.

In addition,

  • 5 dividend dollars for each balance transfer of $1500 or more;
  • Dividend dollars redeemable after reaching 50 (payable with check at request);
  • A maximum 300 dividend dollars in a calendar year.

With these new changes in place, there is nothing attractive except the utility part. The Dividend card will soon become just an ordinary card with ordinary rewards. At least it will no longer be my first choice at gas stations and supermarkets. When the changes take effective in October, I will probably charge my daily purchases with my Fidelity 529 reward card, which earns me 2% cash backs on all purchases.

Time to consider some alternatives?

If you found information on this Diary helpful, please consider subscribing to the full RSS feed (What's RSS feed?), or enter your email below to receive free daily update.

Your address is secure and will only be used to deliver the contents of this Diary. You can unsubscribe at any time.

Related Articles You Don't Want To Miss
Categories : Credit card, Personal finance

Comments

No comments yet, but your thoughts are always welcome.


Sorry, the comment form is closed at this time.

invisible tracker