topic Re: Credit Card in Credit Cards

Credit Card

Anonymous — Thu, 27 Jun 2019 23:35:23 GMT

I am happy that I applied for a citi double cash card and got approved my question is how does it work. And how long does it take to arrive.

Re: Credit Card

mikesonthemend — Fri, 28 Jun 2019 00:17:51 GMT

@Anonymous wrote:
I am happy that I applied for a citi double cash card and got approved my question is how does it work. And how long does it take to arrive.

Congrats on your new card!

7-10 days to get there, unless you requested expedited delivery via phone. 1% cash back is earned on new purchases at statement cut. 1% cash back is earned for every dollar of payment made. Minimum of $25 is required to redeem. Can be redeemed as statement credit, mailed check, or direct deposit to account of your choice.

Re: Credit Card

Anonymous — Fri, 28 Jun 2019 00:36:25 GMT

Thank you for your help

Re: Credit Card

pinkandgrey — Fri, 28 Jun 2019 02:08:51 GMT

Congrats on the DC. I love this card. It will probably be around a week to get it in the mail.

As for the rewards, you get 1% just for making a purchase, and you’ll get the other 1% once you pay off that purchase. All cashback is awarded at the statement cut, so don’t be looking for it to add up daily.

Enjoy!

Re: Credit Card

Anonymous — Fri, 28 Jun 2019 03:15:10 GMT

OP, just a super friendly piece of advice moving forward... definitely do your research before you apply for products. I fear you were possibly a bit quick to the trigger with your app and that perhaps it wasn't even planned (your sig suggests you were gardening until 2020). While doing this once isn't going to kill you, repeating [unnecessary] credit-seeking behavior on a so-so profile is only going to prevent it from strengthening. If you make it a rule that you must do a ton of research on any credit product you're interested in before apping for it, you'll find far less impulse apps.

Re: Credit Card

Anonymous — Fri, 28 Jun 2019 03:18:15 GMT

Thank you for your advise I will restraint myself from applying like crazy for credit once again thank you

Re: Credit Card

MakingProgress — Fri, 28 Jun 2019 16:57:30 GMT

@mikesonthemend wrote:
@Anonymous wrote:
I am happy that I applied for a citi double cash card and got approved my question is how does it work. And how long does it take to arrive.
Congrats on your new card!

7-10 days to get there, unless you requested expedited delivery via phone. 1% cash back is earned on new purchases at statement cut. 1% cash back is earned for every dollar of payment made. Minimum of $25 is required to redeem. Can be redeemed as statement credit, mailed check, or direct deposit to account of your choice.

You will probably have to make a few payments from your bank account before you will be able to direct deposit your rewards to it.

Re: Credit Card

SouthJamaica — Fri, 28 Jun 2019 17:11:32 GMT

@mikesonthemend wrote:
@Anonymous wrote:
I am happy that I applied for a citi double cash card and got approved my question is how does it work. And how long does it take to arrive.
Congrats on your new card!

7-10 days to get there, unless you requested expedited delivery via phone. 1% cash back is earned on new purchases at statement cut. 1% cash back is earned for every dollar of payment made. Minimum of $25 is required to redeem. Can be redeemed as statement credit, mailed check, or direct deposit to account of your choice.

One thing that hasn't been mentioned is that you shouldn't take your cash back as a statement credit, because they don't count the statement credit as a payment, so you lose out on the 1% on the payment end. You're better off having your rewards direct deposited into a checking account and then paying from that.

Re: Credit Card

MrDisco99 — Fri, 28 Jun 2019 18:05:29 GMT

One more bit of advice is don't pay off charges early. Wait until they fully post before paying them. Any amount paid above your current balance will not earn 1%.

That said, I would recommend paying the card down before statement date so that you get cash back on that payment on this statement instead of the next.

Re: Credit Card

Anonymous — Sun, 30 Jun 2019 00:17:05 GMT

@SouthJamaica wrote:
@mikesonthemend wrote:
@Anonymous wrote:
I am happy that I applied for a citi double cash card and got approved my question is how does it work. And how long does it take to arrive.
Congrats on your new card!

7-10 days to get there, unless you requested expedited delivery via phone. 1% cash back is earned on new purchases at statement cut. 1% cash back is earned for every dollar of payment made. Minimum of $25 is required to redeem. Can be redeemed as statement credit, mailed check, or direct deposit to account of your choice.

One thing that hasn't been mentioned is that you shouldn't take your cash back as a statement credit, because they don't count the statement credit as a payment, so you lose out on the 1% on the payment end. You're better off having your rewards direct deposited into a checking account and then paying from that.

Huge info on the statment credit good stuff !

Re: Credit Card

CreditInspired — Sun, 30 Jun 2019 00:26:16 GMT

@Anonymous wrote:
I am happy that I applied for a citi double cash card and got approved my question is how does it work. And how long does it take to arrive.

Great advice all around.

One other thing is that the redemption is $25 and that's why my DC is SD. I prefer to get my 1.5% CB immediately. Just my 2cents.

Credit card

Anonymous — Thu, 11 Jul 2019 22:28:17 GMT

Iam new to the Citi DC I gave a payment on my card and I didn’t get the 1 percent back how does that work

Re: Credit card

Anonymous — Thu, 11 Jul 2019 22:34:31 GMT

cash back is calculated when the statement is cut. Once a month.

Re: Credit card

Anonymous — Thu, 11 Jul 2019 22:55:58 GMT

Ok thank you for your help