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Given a choice between paying for dining with Citi Double Cash (2%) or Costco Visa (3%) which would you use?
My wife has the Costco Visa, but you have to wait until once a year to get any rewards. The Citi DC is redemmable whenever you want it.
Is waiting for once a year worth the extra 1%?
Annual dining is maybe $2500=3000 annually.
And no, I do not want another "dining" card.
Thanks !!
I wouldn't even waste a HP on an app unless you want the Citi DC card to be a daily driver for you to cover all your nom-category spending
Edit: I'm still waking up even several hours later to realize you might already have the DC. If that's the case I'd still leave it on Costco card. Even at 2500 a year in dining that's an extra $25 so a lump sum of $75 is pretty good every year, consider it like a tax return 😂
Agreed ^
Unless you prefer to have access to the rewards much quicker OR if you have other TYP cards because then the value of DC easily more than doubles. (No pun intended).
No clue on how Costco works but Sam's Club til last year issued a yearly check every February for your cashback. Now it works as it being loaded to your membership and having several redemption options including statement credit or cashback at a register in Sam's Club
https://help.samsclub.com/app/answers/detail/a_id/1557/~/cash-back---sams-club-mastercard
The Costco card gives you an annual voucher that you take to Costco and either get it cashed or redeem it for merchandise. A little more legwork than getting cashback credited to the account or an ACH deposit into a checking account, but cardholders can still get cash.
@Anonymous wrote:Given a choice between paying for dining with Citi Double Cash (2%) or Costco Visa (3%) which would you use?
My wife has the Costco Visa, but you have to wait until once a year to get any rewards. The Citi DC is redemmable whenever you want it.
Is waiting for once a year worth the extra 1%?
Annual dining is maybe $2500=3000 annually.
And no, I do not want another "dining" card.
Thanks !!
I use The DC or Penfed PCR at the Golf course restaurant, because it does not code as dining. I have tons of Dining cards,
and honestly 1% will never change My lifestyle. I don't spend $50K a year on Dining out
Using the time value of money, and not figuring in redemption methods and amounts, and simplifying that it takes exactly a year to redeem a dollar earned today, waiting a year to get a 1% higher return is not a very good return. So that means the DC 2% back is a better way to go.