topic Re: Paying off Citi Double Cash Card in Credit Cards

Paying off Citi Double Cash Card

Anonymous — Wed, 16 Mar 2016 02:28:19 GMT

I read a some of the post here about the 1% back when making a payment but still have a question. Im the type of person who makes a charge then as soon as it posts I pay it off. I make multiple payments before my statement period ends and normally have a zero balance.

If Im reading things correctly I will not get the 1% cash back with the Citi card if I continue like that with this card. I would have to let my charges appear in the spending tracker, which updates monthly before making payments. Is this correct?

Thanks

jrv

Re: Paying off Citi Double Cash Card

SouthJamaica — Wed, 16 Mar 2016 02:47:20 GMT

@Anonymous wrote:
I read a some of the post here about the 1% back when making a payment but still have a question. Im the type of person who makes a charge then as soon as it posts I pay it off. I make multiple payments before my statement period ends and normally have a zero balance.

If Im reading things correctly I will not get the 1% cash back with the Citi card if I continue like that with this card. I would have to let my charges appear in the spending tracker, which updates monthly before making payments. Is this correct?

Thanks
jrv

No that's not correct. You get the 1% going and coming regardless of how fast you pay.

Re: Paying off Citi Double Cash Card

Anonymous — Wed, 16 Mar 2016 02:50:40 GMT

Thank you, the whole thing with amounts appearing in the spending tracker threw me off.

Re: Paying off Citi Double Cash Card

Anonymous — Wed, 16 Mar 2016 02:56:07 GMT

It is phrased in a fairly confusing manner. The purchase tracker really only means that you only get cash back on purchases and payments of purchases, and not balance transfers or cash advances (just like pretty much any other rewards card).

Re: Paying off Citi Double Cash Card

Closingracer99 — Wed, 16 Mar 2016 13:27:27 GMT

@SouthJamaica wrote:
@Anonymous wrote:
I read a some of the post here about the 1% back when making a payment but still have a question. Im the type of person who makes a charge then as soon as it posts I pay it off. I make multiple payments before my statement period ends and normally have a zero balance.

If Im reading things correctly I will not get the 1% cash back with the Citi card if I continue like that with this card. I would have to let my charges appear in the spending tracker, which updates monthly before making payments. Is this correct?

Thanks
jrv
No that's not correct. You get the 1% going and coming regardless of how fast you pay.

I have read of issues when you pay as soon as something posts but it was a post near the time the card was released i believe.

Re: Paying off Citi Double Cash Card

kdm31091 — Wed, 16 Mar 2016 13:30:33 GMT

I really think Citi needs to figure something out for the reward system on this card. It's confusing, no matter how you slice it. There are different answers as to whether you can pay the charges immediately or not, etc.

In my experience -- SOMETIMES, if I have paid a charge "quickly", it took an extra month to get the extra 1%. Don't know why. It seems if it's too close to the statement cut date, the extra 1% doesn't "process" in time. Other times, presumably further from statement cut date, paying the charge early hasn't impacted my extra 1%.

Personally, I find the reward system kind of a pain and not user friendly, so I don't use the card very much.

Re: Paying off Citi Double Cash Card

Sharingan — Wed, 16 Mar 2016 14:04:12 GMT

This question comes up very often, and is usually swiftly answered with several posts to the contrary of what is asked. The reward structure can be quite confusing if you are adamant about paying off charges as soon as possible, yes; however, you aren't going to not get your cash back, which seems to be the biggest concern I've read, rather than it being delayed. It's literally 1% on purchases and 1% on payments. The only scenario that I have heard of people missing out on cash back is if they take statement credits, simply because it lowers the amount you are capable of paying in order to get the 'other 1%.' Of course, Citi provides several options for redeeming cash back, so I find this a nonissue.

Regardless, I can't think of a single card in my large array that doesn't have some kind of caveat or requirement in order to obtain the full value of its rewards program, so I would have a hard time holding it against the Citi Double Cash. Additionally, almost all of them have a delay in awarding points/cash back.

Re: Paying off Citi Double Cash Card

Mattopotamus — Wed, 16 Mar 2016 14:26:04 GMT

I pay as soon as the payment post, and I have never had a problem getting the extra 1%.