Difference between revisions of "Citi dividend card"

Latest revision as of 15:27, 23 February 2021

This card is no longer available for new signups. Citibank also stopped allowing people to product change to this card.

The Citibank Dividend card earns 5% cashback on a set of rotating categories that change every quarter. As such, it is very similar to the Discover It card, except that the Dividend card is capped at $300 in bonus rewards per year, while the Discover card is capped at $75 per quarter. The Citi Dividend card is no longer available for new signups. However, it makes a great conversion option from other Citibank cards that you no longer want

Having an annual limit, rather than quarterly, is much more convenient. It gives you the option of maxing out the year's reward earning potential on any useful category over the course of the year.

Like the other rotating category cards, you need to register each card. Unlike the Freedom card, registering won't let you earn bonus rewards on spending you did earlier in the quarter.

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-'''If you are interested in a no-annual-fee cashback card, you might prefer the Citi Double Cash card to the {{Card|StateCashback|only}} or {{Card|Paypal|only}}. All the cards earn 2% cash-back on any purchase. Unlike the Double Cash card, the State Department and PayPal cards don't impose any foreign transaction fees. But, the Citibank card comes with slight better purchase protections for the things you buy'''.
+{{Box}}
+'''This card is no longer available for new signups. Citibank also stopped allowing people to product change to this card.'''
+{{/Box}}
-{{TOC|All}}
+'''The Citibank Dividend card earns 5% cashback on a set of rotating categories that change every quarter. As such, it is very similar to the Discover It card, except that the Dividend card is capped at $300 in bonus rewards per year, while the Discover card is capped at $75 per quarter. The Citi Dividend card is no longer available for new signups. However, it makes a great conversion option from other Citibank cards that you no longer want'''
-*[[#Using as your General Purpose Reward Card|Using as your General Purpose Reward Card]]
-*[[#Other Notable Benefits|Other Notable Benefits]]
-{{/TOC}}
+Having an annual limit, rather than quarterly, is much more convenient. It gives you the option of maxing out the year's reward earning potential on any useful category over the course of the year.
-=== Using as your General Purpose Reward Card ===
+Like the other rotating category cards, you need to register each card. Unlike the Freedom card, registering won't let you earn bonus rewards on spending you did earlier in the quarter.
-<ul class="bulletlist">
-<li>'''2% is the best you can get from a no-annual-fee cashback card that doesn't have any restrictions or caveats'''. All the credit cards that earn higher reward rates either have annual fees or only work for specific subsets of travelers. {{Link|cash back}}.</li>
-<li>'''There are four major no-annual-fee options that earn 2% cashback'''. These are the State Department, PayPal, Fidelity, and Double Cash cards. The Double Cash gives you 1% back when you make your purchase, and an additional 1% when you pay off your bill. But, since you should be paying off your bill every month, you'll earn essentially the same rewards from each of these cards.</li>
-<li>'''The reason that we usually recommend the State Department or PayPal card is that they don' charge foreign transaction fees'''. Both the Double Cash and Fidelity card will charge fees when you use the card outside the United States. However, this may not be as big of a disadvantage as it first appears. If you are using a card that earns bonus rewards on travel spending, many of your overseas purchases will be made with that card, rather than your general-purpose reward card. And most people will have the option of avoiding fees, by using a different credit card for any remaining purchases.</li>
-<li>'''The Double Cash card has better purchase protections than the the other 2%  cards'''. Both the Double Cash and PayPal cards offer the full range of purchase protections. However, the Citibank card will add two years to the original warranty, while the PayPal card will double the original warranty up to a single year. For example, if the original warranty is six months, the Citibank card will extend the warranty until 2.5 years, while the PayPal card will extend the warranty until one year. {{Link|purchase protections}}.</li>
-And while both cards will refund the difference, if a purchase becomes available for less money during the first few months, only the Citibank card will let you take advantage of the "Citi Price Rewind" feature, which can automatically track the price for some of the purchases that you register with Citibank. {{Link|price match}}.
-The State Department card doesn't come with either of these protections.
-<li>'''Rather than applying directly, you could wait until you need to cancel a different Citibank card, and downgrade it to the Double Cash instead'''. This lets you avoid an additional credit card application, and the Double Cash doesn't have an signup bonus that you would be missing out on.</li>
-</ul>
-=== Other Notable Benefits ===
-With the regular version of the Double Cash card, you'll get:
-<ul class="bulletlist">
-{{Benefit Citi}}
-</ul>
-You can call and request that your card be upgraded to a World Elite Mastercard version, which will provide access to some additional benefits:
-<ul class="bulletlist">
-{{Benefit Elite}}
-</ul>
 {{/Main|card}}
 {{/Page|card}}