@Kraidle wrote:That's just advertisement on their part, though. They get cash for everyone who applies from their website, so it pays for them to push people with good profiles towards appropriate cards. I was getting Amex Gold offers a few months back, before I went on a mini-spree.
Yeah, I was wondering about that. Too bad though since that would be a great service to offer, like honest suggestions based on my preference (in my case cashback cards) and my credit score and likelihood of approval.
@ChargedUp wrote:Ok guys and gals... How solid are these mailers when the APR is a set rate?
I'm 0/6, 2/12, 3/24 right now... (Last new account was PNC at the end of 12/20 with AOD right before that.) 4 EX INQ's with 2 being over 12 months, EQ I think has 3 with 2 being over a year.) EQ08 = 765 EX08 = 769 per Experian.com
I've been gardening for Socks Bank, but this would be nice to have.
(Side note, I burned Citi back in the mid 90's as idiot teenager/early 20 year old. Small $1300 balance but do they blacklist for life or let things go about 25 years later?)
It seems I gained 2 ficos on EX and EQ today. 771/767
Decisions, decisions...
@Anonymous wrote:
@Crowhelm wrote:
@TheBoondocks wrote:Wow I'm very amazed! How long could this card last tho?
5% is good, but for only $500 a month that is only $25 cashback since after that 1% back is laughable. So I don't see why this card is so great?
I think the card is very useful, so more addressing how can it last. Not only is the cashback only $25 a month on $500, you would earn $10 putting the spend on the Double Cash. So if a user maxes out every month (which presumably Citi thinks is unlikely for the majority of users) they are spending an extra $180 a year, which can easily be made up with a few users paying interest!
For people who don't mind juggling 10 or more cards, I would agree. But I am looking for more straightforward cards and getting the Chase Amazon Prime card is helping a lot with my goals. I use credit cards to my benefit these days. Meaning, I use them for everything (except for the few places where they either only take debit cards/cash or upcharge you for using a credit card) and pay zero interest, ever, just get cashback. So on a monthly basis, my wife and I run at least 5k if not more through them.
I would agree with you that the people who pay these unfortunate high interest rates will easily pay for the extra cashback Citi would pay to users like myself who would max it and never pay interest. On top of that, don't be fooled, they still make money even if users PIF all the time, just way less.
As some others have mentioned, this should be used only as a single category card. For those looking for a dining or gas or grocery card, this is it.
For me, I spend on average $1,200-$1,400 on groceries every month. I have the AMEX BCP which covers $500 a month and this will fill in nicely for the rest (including my Discover and Chase Flex on thier quarters). It basically guarentees me 5% cash back for $15,000 a year. Not too shabby... 
@Yankee2 wrote:As some others have mentioned, this should be used only as a single category card. For those looking for a dining or gas or grocery card, this is it.
For me, I spend on average $1,200-$1,400 on groceries every month. I have the AMEX BCP which covers $500 a month and this will fill in nicely for the rest (including my Discover and Chase Flex on thier quarters). It basically guarentees me 5% cash back for $15,000 a year. Not too shabby...
But are you spending that only at true grocery stores? Around here, we really only have one grocery chain and then we use Walmart, Winco, and Costco for a lot of it. So those three would not earn the 5%, in fact, Winco doesn't even accept credit cards. Just sounds too complicated to me. I mean I do not just think about what I get back in cashback but what path really saves me the most money. Meaning, I could buy everything at Albertsons and get 5% back, but some things are way more expensive there compared to the other three so even with 5% back I would pay more.
