Thursday, May 4, 2006

Earn Even More Cash Back With Citi Cards at Over 100 Merchants

Author: Nick
Category: Money
Topics:

credit

I bet a lot of you reading out there are already carrying some reward credit cards in your wallet to help you get 5% back on purchases like groceries, gas, and other everyday items. And chances are that if you have a plethora of cards that at least one of them was issued by Citi. Whether you have the Dividend Platinum Select, Diamond Preferred Rewards, mtvU Platinum Select, or another Citi card, your card grants you access to a slew of rewards from more merchants than you may realize.

Thanks to Citi’s ThankYou Network, your card can earn more than just the typical 1% cash back at a variety of stores even if they don’t fall under the bonus reward categories associated with your card. You can earn as many as 15 points for every dollar you spent on purchases with some of these places. And if you aren’t familiar with Citi’s reward structure, you can trade in those points for electronics, student loan rebate checks, and gift cards for many restaurants and shops. (Usually I stick with getting gift cards since you can trade in 5,000 points for a $50 gift card–the best ratio of points to reward value Citi offers.)

If you have a qualifying Citi card, you are automatically enrolled in the Citi ThankYou Network, and you can start earning even more bonus reward points at over 100 different places at which you may already shop. Here are some of my favorites along with their reward points per dollar spent…

  • 1-800 Contacts (4)
  • Apple iTunes (3)
  • Ice.com (5)
  • Kmart (2)
  • Linens ‘n Things (4)
  • Montgomery Ward (7)
  • OfficeDepot.com (3)
  • OldNavy.com (4)
  • Overstock.com (5)
  • Payless ShoeSource (3)
  • Restaurant.com (15)
  • Sears Home Center (4)
  • Shutterfly (9)
  • Target.com (5)
  • Wine.com (4)

Full List of ThankYou Merchants and Reward Points Offered

147 Responses »

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September 16th, 2006 at 12:58 am

Unfortunately, the Citi Dividend card is changing from a 5% card to a 2% card in October 2006.

These recent changes to the cash back rewards of the Citi Dividend MasterCard prompted me to do some personal analysis to find the best mix of cash back cards for my spending patterns.

That personal analysis inspired me to build a general-purpose tool to help anyone determine the single best card or mix of N cards that will maximize their cash back rewards. You just plug in how much you spend each month (broken out by categories for best results) and you’re presented with a list of recommended cards sorted from best to worst by your expected annual reward. If having more than one card and using each card to its strengths could yield a greater total reward, then each combination of the Best N cards is presented as well.

You can see the tool at http://www.creditcardtuneup.com/ .

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January 7th, 2007 at 4:20 am

True, receiving cash back on gas is really something fantastic.

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May 22nd, 2009 at 3:41 am

your card can earn more than just the typical 1% cash back at a variety of stores even if they don’t fall under the bonus reward categories associated with your card

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April 3rd, 2010 at 1:37 am

Whenever possible, leave one item off your grocery list so you have to go back to get it on a separate trip later. Double the pleasure, double the mileage!

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May 4th, 2010 at 7:52 am

It’s an old post, but I’ll check them out anyway, as the reward credit card I’ve been using for years recently got taken over by a big name company – and they promptly jacked up the interest rate on the existing balance

I had to opt out, and cut up the card to stay on the already high, old interest rate – so I’m looking for a new credit card now

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May 10th, 2010 at 4:52 pm

There are so many great things that cards offer now days. I love getting cash back when I get gas, but my favorite perk with my cards are the fact that they give me cash back for the cash I spend. And since I pay off the balance every month it just makes my bills less and my purchases cheaper. I love my cards.

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July 26th, 2010 at 6:35 am

The reason card companies offer cashback or any reward scheme is simple, they want to encourage you to spend on the card so they can earn interest from it. The interest cost of all cashback cards dwarves the cashback you’ll earn.

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I had to opt out, and cut up the card to stay on the already high, old interest rate – so I’m looking for a new credit card now.

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