Hey all,
I'm HIGHLY contemplating getting a Citi DC. I'm wondering if there is any crazy (hidden in the fine print) stipulation to getting the 2nd percentage point from purchases.
I usually pif before my statement cuts and I'm wondering if that'll (for some reason) disqualify me from earning the 2nd percentage point. I wasn't sure if they wanted you to report balance then pay it off or if you can pay it off immediately and still get the full 2%.
Probably a dumb question but I would feel even dumber if I got the card and couldn't get the full 2% back.
Cheers!
@Anonymous wrote:
@Cashbackjunky wrote:Hey all,
I'm HIGHLY contemplating getting a Citi DC. I'm wondering if there is any crazy (hidden in the fine print) stipulation to getting the 2nd percentage point from purchases.
I usually pif before my statement cuts and I'm wondering if that'll (for some reason) disqualify me from earning the 2nd percentage point. I wasn't sure if they wanted you to report balance then pay it off or if you can pay it off immediately and still get the full 2%.
Probably a dumb question but I would feel even dumber if I got the card and couldn't get the full 2% back.
Cheers!
On the occasions when I've paid the balance before the statement cut, I received the full 2% on that statement (i.e. right away). Also, don't redeem cash back for statement credit. You'll lose a little bit of value on the cash back if redeemed for statement credit.
Excuse my ignorance but how is the value decreased for statement credit?
Thanks in advance for the help
@longtimelurker wrote:
@Cashbackjunky wrote:Excuse my ignorance but how is the value decreased for statement credit?
Thanks in advance for the help
The second 1% is based on payments. If you use statement credit, you reduce the amount you need to pay, and thus reduce your reward for payment. Very small impact, becomes 1.99% but may as well avoid.
Oh duh. That makes total sense. If I end up getting until DC, I'll likely transfer my cash to TYP's to be used with my Custom Cash