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Citi Dividend Platinum Select Card: The First Statement

Contributed by mm | April 21, 2004 06:19 AM PST



You all know I applied for and received the Citi Dividend Platinum Select Card, a great no-annual-fee card that provides generate 5% cash back on supermarkets, gas station and drugstore purchases plus 1% cash back on any other purchases. Yesterday sees the close of my first billing cycle. According to the statement, I have earned a dividend of $29.02 out of total purchase of $737.79, a net cash back ratio of 3.9%!

The online statement also helped me to understand what are qualified for the 5% cashback and what are not. Apparently, most of the grocery store I shopped, Safeway, Albertson's and Fred Meyer, are correctly categorized as "Grocery Store, Supermarkets." All gas stations I visited, 76, Safeway Gas and Chevron, are also earning me a fat 5% cash back.null

I failed to realize perfection because I made several purchaes at Target and Walmart using this card. Both belongs to the "Discount Store" category and are only eligible for the 1% cash back. I hope I will be more mindful about the difference next month and only use the card for 5%-eligible shops. Theoretically, every $100 charged to the card with 1% cashback costs me $0.80 in potential gains because of the annual cashback cap of $300.

Based on my experience, I highly recommend this card to everyone who can qualify for that. This is among one of the most painless way to save in my mind.

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Read More ... 54 Posts In The Same Category

08/11/05 | How to Track (Multiple) Credit Card Promotions | (3)
03/23/05 | Citi Is Still ... Generous | (8)
02/28/05 | Your Free Credit Report, The Experian Way
12/29/04 | 5% Off Everything With Citi's Driver's Edge | (3)
12/03/04 | Free Credit Report: The TransUnion Flavor | (1)
12/01/04 | Fresh Taste of Truly Free Credit Report (Equifax) | (5)
11/02/04 | October 2004 Credit Score: TransUnion/659, Experian/744
09/30/04 | September 2004 Credit Score: TransUnion/635, Experian/732 | (1)
09/18/04 | $20 Bonus for BankOne's First Protect Program | (3)
09/13/04 | Doubling Up Credit Card Rewards | (1)
09/08/04 | TrueEarnings: The Better Amex/CostCo Card | (3)
08/28/04 | First Citi Credit Protector Rebate Check Received | (1)
08/25/04 | August 2004 Credit Score: TransUnion/734, Eloan/666
08/24/04 | $1,000 A Year Just By Picking The Right Card
08/24/04 | Close Encounters of The Third Kind
08/16/04 | 3 Bureau Credit Report and Score for $1 | (3)
08/15/04 | Clever Wording from Fleet (And Shame on Me) | (4)
08/14/04 | Small Balance Adjustment | (2)
08/13/04 | Progress with Fleet Balance Transfer
08/07/04 | HGW4 = 10% Off All Restaurant Bills (CFI)
08/05/04 | Free Money Still Abound | (3)
07/28/04 | $126 Cash Rebate From Citi Received
07/23/04 | July 2004 Credit Score: TransUnion/719, Eloan/710
07/22/04 | $30,000 HELOC Closed | (1)
07/21/04 | My First No-Fee 0% APR Balance Transfer Offer (CFI) | (3)
07/17/04 | Getting United MileagePlus Visa Signature Card (13 Cards and Counting)
07/07/04 | Applying a Home Equity Line of Credit
06/27/04 | $100 Turns Out To Be $150 | (3)
06/23/04 | June 2004 Credit Score: TransUnion/730, Eloan/700
06/11/04 | Everything is Negotiable
05/26/04 | The 9th Card | (1)
05/25/04 | May 2004 Credit Score: TransUnion/704, Eloan/679
05/19/04 | Citi Dividend Card: Sweeter Deal After 9/1
05/14/04 | $15 Bait From Citi
04/29/04 | Refinancing Closed, Part II: A Sweet Deal
04/29/04 | Refinancing Closed, Part I: Closing Details
04/25/04 | April 2004 Credit Score: TransUnion/710, Eloan/675
03/30/04 | Heading for Refinancing
03/26/04 | Citi Dividend Platinum Select Card Received
03/23/04 | Monthly Credit Score Update - February 2004 (+7 -> 691)
03/22/04 | 5 Year Interest Only LIBOR ARM | (2)
03/20/04 | Providian Sweetens the Deal
03/17/04 | Citi® Dividend Platinum Select® Card (CFI) | (1)
03/15/04 | Refinancing Now?
03/14/04 | MBNA, Increasing Credit Limit Every Three Months?
03/06/04 | Surpassed 20,000 Mark in MBNA Reward Program
02/23/04 | Monthly Credit Score Update - February 2004 (+11 -> 684)
01/24/04 | Monthly Credit Score Update - January 2004
12/29/03 | Monthly Credit Score Update - December 2003
12/10/03 | MBNA Silently Increased My Credit Limit, By A Bit
11/28/03 | Providian Increased My Credit Limit
11/23/03 | Monthly Credit Score Update - November 2003
10/25/03 | Monthly Credit Score Update - October 2003




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