Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.
Citi Dividend Rotating Categories 2016
Citi’s Dividend card is no longer available to the public, but there are many people who have one. That is because Citi has been allowing people to product change to it (right now product changes seem to be on hold) and since it carries no annual fee, the Dividend is a good option for keeping your account history alive. I personally have two Dividend cards, having converted old AAdvantage Executive cards over.
Rotating 5% Categories, But Different
Like the Discover It and Chase Freedom cards, Citi’s Dividend has rotating 5% categories. Unlike those other cards, you can earn a maximum of $300 cash back for an entire year. The kicker though is that all of that cashback can be earned during one quarter. For example, if you find a category where it is easy to manufacture spend, then you can max the card out and move on.
Details of the 2016 Citi Dividend categories have leaked and there is some good news. Let’s take a look:
Home Depot and Best Buy have some potential since they sell Visa gift cards, but the real winner here is Quarter 2. Many drug stores sell variable load Visa gift cards in denominations up to $500 for a $4.95 fee. By purchasing those, it should be fairly easy to max out the $300 cashback for the entire year relatively quickly and cheaply.
Keep in mind the $300 cashback earned includes cashback for purchases made at the end of 2015 for which the statement closes in 2016. That means you want to make any 2015 purchases before your December statement hits in order to preserve your $300 cashback for 2016.
This year’s Citi Dividend rotating categories were terrible, so it is good to see that drug stores have been added back. I really like the fact that you can earn all of the cashback in a short period of time and then just throw the card in the sock drawer until next year. If you are interested in getting a Dividend, hopefully Citi will begin allowing product conversions again. Until then, see you in the 2nd quarter with my Dividend in hand!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.