Citi Dividend card reduces cash-back to 2%

[Joan.of.the.Arch]

Just got a notice in the mail. Beginning October 13 the Citi Dividend card will reduce rewards on purchases at gas station, supermarkets, and drugstores to 2%. Preciously it was 5%.

[b4freedom]

Re: Citi Dividend card reduces cash-back to 2%

The question now is: What card do I pick now?

I'll leave this one open, and go find one I like to get the 5% back. Or as near to the 5% as I can get. Any suggestions?

[Joan.of.the.Arch]

Re: Citi Dividend card reduces cash-back to 2%

I don't know any others besides the other one I have. It is a Mastercard from Chase. It does still give 5% for many purchases. Try www.chase.com/creditcards.

Anyone else?

[safari]

Re: Citi Dividend card reduces cash-back to 2%

I am using American Express Blue Cash card for all my purchases. They give you 5% cash back on everyday purchases (gas, supermarkets, etc.) and 1.5% on all other purchases after you spend $6,500. For the first $6,500 you earn 1% on everyday purchases and 0.5% on all other purchases. There is no limit on how much cash back you can earn every year. Cashback gets credited to your account automatically once a year, at which time the qualifying spending amount resets back to zero.

[sweeps]

Re: Citi Dividend card reduces cash-back to 2%

Yeah, I use the Chase Cash Plus Visa also. Hopefully they don't downgrade that one too. My Dividend card will get tossed in the drawer on Oct 13th.

The problem with Amex Blue besides the $6500 minimum to get into the big percentages is that Amex isn't accepted at a lot of place. Didn't have that problem with the Dividend Mastercard.

Another option if you're into GM cars is the GM Card. 5% on everything. Only problem is you're limited on how much rebate you can apply to a car purchase.

[JBinKC]

Re: Citi Dividend card reduces cash-back to 2%

Yeah that is not very good. Is there a time limit of use before the $50 reward expires?

[b4freedom]

Re: Citi Dividend card reduces cash-back to 2%

I got my notice today. I'm bummed. 5% back was very nice. However, 2% back on other things will be nice to. However, 2% on my $14.85 cable bill is only 30¢. PSE&G doesn't accept credit card (unless you want to pay an extra fee of $4.95). I guess I'll be dumping this card.

1/2 the people I know with GM cards end up disappointed when they go to purchase a new car. Besides, I don't really want a GM vehicle. But, thanks for the suggestion.

[sweeps]

Re: Citi Dividend card reduces cash-back to 2%

You shouldn't get anything more than 1% on your cable bill anyway.

[b4freedom]

Re: Citi Dividend card reduces cash-back to 2%

Do you think that all of the reward cards will slowly decrease?

[WellManicuredMan]

Re: Citi Dividend card reduces cash-back to 2%

Yeah that is not very good. Is there a time limit of use before the $50 reward expires?

If you're referring to the $50 minimum to get a cash back check sent to you, then no. As far as I know nothing else about the card is changing and whatever cash back you have acquired will stay until you have a check sent. They aren't cancelling the card or having it replaced with a different card.

[greedy4chips]

Re: Citi Dividend card reduces cash-back to 2%

Are all Citi cards reducing the 5% rewards? I have 2 cards and just accepted a preapproved one last week that had 5% on the app.

3% difference is huge for me with about $1000/ month in expenses on their card, it ends up being about $360/yr. DOH!

[geojen]

Re: Citi Dividend card reduces cash-back to 2%

I don't know any others besides the other one I have. It is a Mastercard from Chase. It does still give 5% for many purchases. Try www.chase.com/creditcards.

Anyone else?

What is the specific name of your card?

[Joan.of.the.Arch]

Re: Citi Dividend card reduces cash-back to 2%

Geojen, if you are asking about the Chase Mastercard, sorry, I miswrote! It is a Visa, not Mastercard. I think it was not initially a dividend/rewards card, but when I got the Citi Mastercard Dividend card, I called Chase to see what they would do for me, and they signed me onto the 5% program they were already offering some customers. Sorry if I sent you on a wild goose chase. The card does not have any special name on it.

[geojen]

Re: Citi Dividend card reduces cash-back to 2%

Oh, okay. Now I know why I couldn't find anything then!

[TBH]

Re: Citi Dividend card reduces cash-back to 2%

I still haven't gotten my notice from Citi. I'm going to go look through my junk mail pile again and see if I missed it.