I was a little down initially when i discovered that Citi was discontinuing their Citi dividend program. It's the card that gave you 5% cashback on every gas station and grocery store purchase. It was literally the only card i used for every single purchase that i made for the last 2 years. It also accounted for more than half of the free money that i made this year. Im gonna be honest, and say that i was a wee bit peaved after calling citi to inquire about being reinstated to the 5% program, and learning that they scrapped it all together. But have no fear, i found a few more cards that are comparable and possibly even better than the Dividends card in some respects.
So i decided to make the switch over to the Citi Drivers Edge Platinum card. They're offering 6% back on gas, groceries, and drugstores for a year, but it’s via car expenses or their ThankYou points. However this is still better thant the 2% that the dividends card is paying out (ill stop whining now). Ill probably just end up cashing points out for gift cards. Apparently with this one there is an equal amount of up /downside:
Upside:
6% back at groceries, gas, and drugstores with $1,000 annual cap. 1% back on all other purchases. You also get Drive Rebates of $100 for every 10,000 miles driven, increasing potential cashback to over 7%.
Downside:
Rewards redeemable in cash only towards car expenses (tires, repairs, parts, etc.) or student loans. Otherwise redeemable as gift cards or gas cards. 6% only for first 12 months, 3% after that.
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