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Old May 29, 13, 2:51 pm   #1
 
Join Date: Nov 2007
Programs: SPG Gold, Delta Skymiles, AAdvantage, HH Silver
Posts: 1,036
Citi Dividend targeted offer - is it good?

I got a targeted offer for a Citi Dividend card stating if I spend $1k within 3 months I get $250 Cashback bonus. The regular public offer is $100 back for $500 spend, so this is only a little more than double back for double spend (which I really don't have a problem meeting). Should I "waste" an app/credit pull on this offer?

Thanks!
friedablass is offline   Reply With Quote
Old May 29, 13, 3:09 pm   #2
 
Join Date: May 2009
Programs: Airline Kettle, SPG, Club Carlson
Posts: 316
It's probably less valuable than most sign-up offers for loyalty program credit cards, but I'd do it. $250 for basically doing nothing is awesome!
DallasEsq is offline   Reply With Quote
Old May 29, 13, 4:49 pm   #3
 
Join Date: Nov 2007
Programs: SPG Gold, Delta Skymiles, AAdvantage, HH Silver
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I actually also like the fact that there is no annual fee so I can leave the card open after meeting the $1k spend and "sock drawer" it.
friedablass is offline   Reply With Quote
Old May 30, 13, 4:10 am   #4
 
Join Date: Jan 2012
Posts: 717
Doesn't that card have 5% quarterly bonus categories. $250 + 5% of 6k ($300) = $550. I'd do it.
dcpilgrim is offline   Reply With Quote
Old May 30, 13, 11:01 am   #5
 
Join Date: Aug 2012
Location: California
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The rotating categories on this card tend to be pretty weak, especially when compared to Chase Freedom. They also limit you to a max of $300 redeemed per year. I'm not entirely sure, but when I signed up for this card last year, I believe the signup bonus was included in this total amount.
That being said, $250 in actual cash is a good signup bonus, and I'd go for it as well.
skizz is offline   Reply With Quote
Old May 30, 13, 12:45 pm   #6
 
Join Date: Nov 2007
Programs: SPG Gold, Delta Skymiles, AAdvantage, HH Silver
Posts: 1,036
I bit and was approved for the card via the online chat after the screen that said the application had been received. They said they had to verify some stuff, but essentially the only thing they verified was to ask me if $xxxx is sufficient for me for a credit line and I said yes, because as long as I could charge $1000 in a shot to get my $250 I was fine and the line they were offering was well above that.

Regarding the $300 max, I did see in another thread that the person had written to Citi to ask if sign-up bonuses are included in that cap, and the response was that it's not included.
friedablass is offline   Reply With Quote
Old Jun 13, 13, 6:02 pm   #7
 
Join Date: Feb 2013
Location: SFO
Programs: UA 1k, Hyatt Diamond, SPG Platinum, M life Platinum, JPM Palladium
Posts: 1,172
Good offer for that card, I would have jumped on it too.

The $300 yearly cap has its pluses and minuses. The big plus is that you you can use the entire $300 cap up in one quarter (ahem, drug stores) with $6,000 in spending. After that the card becomes pretty much entirely worthless.
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