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The Citi Dividend Platinum Select will give 5% cash back on Hilton hotels, car rentals, movies and theme parks during the third quarter of the year, from July 1st through September 30th. However, rewards are capped at $300 cash back annually, which works out to $6,000 spent in bonus categories. How does the Dividend stack up against the other 5% cash back behemoths? We’ll break down the perks and particulars of each one.
The Citi® Dividend Platinum Select® Visa® Card offers 5% cash back in rotating bonus categories that change every quarter and 1% elsewhere, and like we said, it caps rewards at $300 cash back earned per year. It comes with a Earn $100 cash back after $500 in purchases within the first 3 months of account opening. signup bonus, which doesn’t count towards the $300 cap, and also has 0% APR for 12 months on purchases and balance transfers. We generally think that the Dividend is a good idea if you’re going to spend big in one of that quarter’s bonus categories – if you’re planning on spending $6k at the Hilton this summer, for example – because it imposes annual rather than quarterly limits. However, you’ll note that your non-bonus spending is essentially capped as well. This puts the card at a significant disadvantage compared with the Chase Freedom, Discover it® and US Bank Cash+.
5% bonus categories for 2013
|Card||Chase Freedom||Discover it®||Citi Dividend|
|Q1||Drugstores, gas and Starbucks||Restaurants and movies||Zappos, fitness clubs, drugstores|
|Q2||Restuarants, movies and Lowe’s||Home improvement||Home furnishing and home and garden stores|
|Q3||Gas, theme parks and Kohl’s||Gas||Hilton, car rentals and theme parks|
|Q4||Amazon and select department stores, including Macy’s, Nordstrom and Kohl’s||“Holiday shopping”||TBA|
on US Bank's
on US Bank's
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