Citi Dividend Platinum Select Visa Card – 5% Cash Back on Rotating Categories

Citi Dividend Platinum Select Visa CardThe battle to be the credit card inside your wallet or purse heats up again! Citibank has a new offer for the Citi® Dividend Platinum Select® Visa® Card with an a sign-up bonus of $100 cash after making $500 in purchases within the first 3 months of the account opening. In addition, there is a good rewards program to keep you interested, offering 5% cash back this quarter and every quarter on changing categories like home improvement, travel and more.

Earn 5% cash back every quarter in must-have categories.  Right now, on eligible purchases within the Hilton Portfolio, car rental agencies, movie theaters and theme parks from 7/1/14 – 9/30/14, enrollment each quarter is quick and easy. On all other purchases, you get 1% cash back with no tiers. After you get your card, you must enroll by logging into your account online or calling 1-800-231-0891. There is no cap on the 5% back, the total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer.  See Citi Dividend Card Reward Program Information. This card has no annual fee, so I can still keep it around specifically as a 5% cash back card.

Chase Freedom VisaChase has their similar Chase Freedom® – $150 Bonus, which offers $150 Bonus after you make $500 in purchases in your first 3 months from account opening, and a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period. In addition, earn 5% Cash Back on up to $1,500 in combined purchases between January 1st and March 31st at gas stations and on local commuter transportation. No annual fee and rewards never expire. While there is often overlap, having cards from different issuers allows higher spending limits and different categories at times.

Compare with other $500+ credit card bonuses available, but remember that this card has an ongoing benefit as well as no annual fee.

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  1. I believe this is an NPSL card – no preset spending limit card. At least that is what they changed mine to when it was just a dividend card back in I think October of last year. Which means they do not report the spending limits to the credit agencies. My only issue with this card is that it takes $50 in cash back to cash out. So I only use it if I can spend enough to get to that level to cash out. Chase’s minimum is $20.

    Also, it would be nice if Citi would do what Chase and Amex are now doing and report your pending charges online.

  2. This is a good deal for those who are willing to jump through the hoops. For me though, I don’t like to play the game, I just prefer the straightforward deals. Such as Fidelity AmEx 2% cashback.

  3. Any idea when this offer expires? I’m used to spend 3k to get 500 now, 5k for 300 is a bit much :).

  4. Sofaking Nuts says:

    What you mentioned (lack of a spending limit and it’s impact on your credit) was the case last year, and the reason I declined the switch to the World Dividend card at that time. I stuck with the original dividend card that I had.
    I was sent a new World Dividend card a few weeks ago and after speaking to customer service learned that because so many people complained about the lack of a spending limit like you mentioned, the card now has a limit just like the original dividend card, along with a few new features. I was told you had to make the switch now or give up your card.

  5. @Sofaking. Thanks for that info. The other thing I found out a couple of weeks back is that when they switched me over to the Worldcard they also did a hard inquiry. Huh? I have your card, the limit is really not being changed, you are just not reporting it to the credit agencies and you ding me with a hard inquiry? If I had known that I would have elected to stay with the old one. I thought I had a good reason to convert. Something about your card would go away if you didn’t? Cannot remember exactly. IIRC, these Worldcards earn Citi a higher transaction charge.

    BTW, got an email from Discover that they are doing away with their “Secure Online Account Numbers” as of 9/8/11. Think those are their virtual card numbers. I always liked Citi’s virtual credit card numbers better as they let you set a dollar amount if you want. One plus for Citi and this card.

  6. Grrrrr……..I hate how they do this. You know I used to have a Discover Saver’s card back in the 90’s that was soooo great. 2% on everything, always, no limits, etc.

    Now there are mixed rates of reward.
    Rotating categories.
    Limits on rewards. (Really? You’re gonna CAP the REWARDS??)

    I’m out on my Emigrant Direct card which I got at 1.4% + the extra 0.1% for a constant 1.5% but since Emigrant & Barclay’s split, I’m done with them. I need to find a new card.

  7. Had a great experience just yesterday converting to this Citi card. I have had an $85 annual fee American Airlines card for several years, which I stopped using ’cause I’d much rather have cash back and planned to cancel this month before they charged the fee. However I hated to close it, since it’s my highest credit limit card and I want to use the still very attractive 0% BT offer.
    A while back, I tried calling customer service several times to convert it and got absolutely nowhere. This time I just asked for “customer retention” and bingo! I got someone who was determined to keep my business. He offered to either give me a “rebate” on the fee (interestingly enough, he said he’s not allowed to use the word “waive” for some reason…we both had a laugh over that) or to convert the card to the Citi Dividend World MC, which seems like a great deal.
    By the way, I’m pretty sour on Chase. Got a card from them about a year ago with only a $5k line and they refuse to increase it despite my excellent credit scores. So I just use if for the BT offer, which is now 0% @ 1% fee. Would love to use it more, but can’t. This just means they make very little money off of me.

  8. Are there still any credit cards with 0% balance transfers and $0 or low transfer fee? I really miss those.

  9. Is considered a “Department Store, Clothing Store, Electronics Store, or Toy Store” and thus eligible for the 5% cash back?

  10. @Dustin – Yes, right now there is 0% for 12 months with no fee from Chase:

    @BP – I believe that is classified as a bookstore. As a result, you can get 5% back on Amazon all year long with the Citi Forward card:

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