Can someone PLEASE explain the Citi DC system?

[jsucool76]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

On each statement, you should get 1% of the amount you spent that month, plus 1% of the amount you paid on the previous statement. That is not the same as getting 2% on the statement, as your spend varies from month to month. 

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This is a clutch post. Listen to this dude right here. Unless you keep your card inactive for like two months, you'll never see the total 2% because the 1% you get back from paying will always lag one statement behind. If you want to see for yourself, don't use your card for a billing period or two, and the cashback on payments should catch up with your purchases.

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Not true. If you paid all balance off before statement closes, you get 2% for the current month. There's no 2-month lag like stupid amex.

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Yes. we get it. But not everyone does that. 

Moral of the story. If you use your credit card like a normal person, your rewards will never add up to 2% of your current months spend. 

If you're anal and insisit on paying everything before the statement, then it will. 

/thread lol

[Anonymous]

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@jsucool76 wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

On each statement, you should get 1% of the amount you spent that month, plus 1% of the amount you paid on the previous statement. That is not the same as getting 2% on the statement, as your spend varies from month to month. 

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This is a clutch post. Listen to this dude right here. Unless you keep your card inactive for like two months, you'll never see the total 2% because the 1% you get back from paying will always lag one statement behind. If you want to see for yourself, don't use your card for a billing period or two, and the cashback on payments should catch up with your purchases.

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Not true. If you paid all balance off before statement closes, you get 2% for the current month. There's no 2-month lag like stupid amex.

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Yes. we get it. But not everyone does that. 

Moral of the story. If you use your credit card like a normal person, your rewards will never add up to 2% of your current months spend. 

If you're anal and insisit on paying everything before the statement, then it will. 

/thread lol

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We are anal because we pay off balance before statement cuts? 

The program rule is clear and you have a choice here. You get the second 1% whenever you choose to pay. There's no point fixiating on getting 2% in the current month in the context of the Double Cash rewards structure. OP's question is on DC since he's already got DC, and the point you are making is completely irrelevant.

If you want to maximize rewards right away get a QS. 1.5% in the pocket as transactions are posted. But again, this has nothing to do with OP's question.

[jsucool76]

I'd say you're a little anal, but that wasn't the point of my post, and the OP didn't ask for recommendations on how to use the card, they asked how it worked. it's been explained 30 times already, there's no need for 20 posts of "I'm right you're wrong" happening based on your spend/payment habits.

[lord_kinbote]

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@Anonymous wrote:

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@jsucool76 wrote:

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@Anonymous wrote:

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@Anonymous wrote:

---

@Anonymous wrote:

On each statement, you should get 1% of the amount you spent that month, plus 1% of the amount you paid on the previous statement. That is not the same as getting 2% on the statement, as your spend varies from month to month. 

---

This is a clutch post. Listen to this dude right here. Unless you keep your card inactive for like two months, you'll never see the total 2% because the 1% you get back from paying will always lag one statement behind. If you want to see for yourself, don't use your card for a billing period or two, and the cashback on payments should catch up with your purchases.

---

Not true. If you paid all balance off before statement closes, you get 2% for the current month. There's no 2-month lag like stupid amex.

---

Yes. we get it. But not everyone does that. 

Moral of the story. If you use your credit card like a normal person, your rewards will never add up to 2% of your current months spend. 

If you're anal and insisit on paying everything before the statement, then it will. 

/thread lol

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We are anal because we pay off balance before statement cuts? 

The program rule is clear and you have a choice here. You get the second 1% whenever you choose to pay. There's no point fixiating on getting 2% in the current month in the context of the Double Cash rewards structure. OP's question is on DC since he's already got DC, and the point you are making is completely irrelevant.

If you want to maximize rewards right away get a QS. 1.5% in the pocket as transactions are posted. But again, this has nothing to do with OP's question.

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Yep, I pay off my balance each month before statement cuts and always receive the full 2%.  I run at least 1500-2000 a month on DC, and at the end of the year will tranfer the funds into my Roth IRA brokerage account.  Love the DC for utilities, insurance and misc. categories.  

[Anonymous]

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@akula wrote:

Yep, I pay off my balance each month before statement cuts and always receive the full 2%.  I run at least 1500-2000 a month on DC, and at the end of the year will tranfer the funds into my Roth IRA brokerage account.  Love the DC for utilities, insurance and misc. categories.  

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I run about 5k each month with a 3k limit. Still cannot get a CLI after 6 statements because of all the new accounts recently. 

[Anonymous]

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givoltage wrote: 

I run about 5k each month with a 3k limit. Still cannot get a CLI after 6 statements because of all the new accounts recently. 

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Keep on trying! As soon as the new inqs have aged off you should see how much they love you (got a 16x bump of my CLI 2 weeks ago).

Re the PIF discussion: I can't say anything about different numbers on the rewards details page. I've never had a CC report a balance for months except the mandatory one account and the BofA BBR which you need to report a couple bucks to get the reward payment. So my numbers always match up on the Citi DC.

[lord_kinbote]

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@Anonymous wrote:

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givoltage wrote: 

I run about 5k each month with a 3k limit. Still cannot get a CLI after 6 statements because of all the new accounts recently. 

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Keep on trying! As soon as the new inqs have aged off you should see how much they love you (got a 16x bump of my CLI 2 weeks ago).

Re the PIF discussion: I can't say anything about different numbers on the rewards details page. I've never had a CC report a balance for months except the mandatory one account and the BofA BBR which you need to report a couple bucks to get the reward payment. So my numbers always match up on the Citi DC.

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Is the time frame 1 year before the inquiries stop having an impact?  I opened the Citi DC account about 6 months ago and my starting limit was 9500.  I should have recon'd at the time but didn't think about it.   Anyway, I opened up about 10 accounts 6 months ago.  I requested a CLI on my Citi account (6 month history) about 2-3 weeks ago and I received a 1600.00 CLI.  I was hoping for more.  11,100 is not bad, but I would rather have it around 15-20 - especially since I do put a lot of spend on each month.  I am thinking my next 6 month CLI via SP/website should yield better results.

[jsucool76]

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@akula wrote:

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@Anonymous wrote:

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givoltage wrote: 

I run about 5k each month with a 3k limit. Still cannot get a CLI after 6 statements because of all the new accounts recently. 

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Keep on trying! As soon as the new inqs have aged off you should see how much they love you (got a 16x bump of my CLI 2 weeks ago).

Re the PIF discussion: I can't say anything about different numbers on the rewards details page. I've never had a CC report a balance for months except the mandatory one account and the BofA BBR which you need to report a couple bucks to get the reward payment. So my numbers always match up on the Citi DC.

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Is the time frame 1 year before the inquiries stop having an impact?  I opened the Citi DC account about 6 months ago and my starting limit was 9500.  I should have recon'd at the time but didn't think about it.   Anyway, I opened up about 10 accounts 6 months ago.  I requested a CLI on my Citi account (6 month history) about 2-3 weeks ago and I received a 1600.00 CLI.  I was hoping for more.  11,100 is not bad, but I would rather have it around 15-20 - especially since I do put a lot of spend on each month.  I am thinking my next 6 month CLI via SP/website should yield better results.

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Inqs stay on your report for 2 years, and stop impacting your score after 1 year, however, they're still visible. 

[Anonymous]

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@akula wrote:

Is the time frame 1 year before the inquiries stop having an impact?

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They kept on declining my love letters for exactly that reason: too many recent inqs. Now most of them are 6+ months old and all of a sudden they loved me back. This card has now a front row seat in my wallet. Before I only used it for exactly 4 online purchases each month, recycling the tiny available CL about three times by paying off weekly. I still pay off weekly but now I put a lot more spend on this card than before.