Citizens Bank Cash Back Plus Card

[Anonymous]

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@Anonymous wrote:There are a lot of people out there with lesser cards who don't want a 2% card, have issues with the CCC who offer 2%, or can't get one. They might want this one. Cell phone insurance, immediate credit of rewards to the account,  etc. Its not terrible. Some have lesser cards.

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This doesn't make sense if it's been mentioned before that if they can't get a Citi DC or Sync PPMC card they wouldn't qualify for this one either or they would and just go for a mainstream 2% card or at least Amex CM for 1.5% + $200 for the effort.

Cell phone insurance through your CC isn't worthwhile since your primary home owners / renters insurance  would have to be the first claim and the CC provided insurance is the backup option.  Since your primary insurance is surely enough to cover the cost of the phone even if it's $2K the CC insurance is just marketing at that point.  If you're being smart about it you won't want to file a claim against your personal insurance anyway for a phone since you'll get rate jacked for the next 2-5 years because now you have a claim showing up on your CLUE report.

It's not terrible, it's not great, it's not attractive other than maybe the short limited period for 5% and no bonus.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:There are a lot of people out there with lesser cards who don't want a 2% card, have issues with the CCC who offer 2%, or can't get one. They might want this one. Cell phone insurance, immediate credit of rewards to the account,  etc. Its not terrible. Some have lesser cards.

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This doesn't make sense if it's been mentioned before that if they can't get a Citi DC or Sync PPMC card they wouldn't qualify for this one either or they would and just go for a mainstream 2% card or at least Amex CM for 1.5% + $200 for the effort.

Cell phone insurance through your CC isn't worthwhile since your primary home owners / renters insurance  would have to be the first claim and the CC provided insurance is the backup option.  Since your primary insurance is surely enough to cover the cost of the phone even if it's $2K the CC insurance is just marketing at that point.  If you're being smart about it you won't want to file a claim against your personal insurance anyway for a phone since you'll get rate jacked for the next 2-5 years because now you have a claim showing up on your CLUE report.

It's not terrible, it's not great, it's not attractive other than maybe the short limited period for 5% and no bonus.

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What about a BK that came off credit report but Citi was one that got bludgeoned in the BK? Citi might deny but Citizens may not. Some people hate Citi too.

Why have QS or CFU if DC and PPMC are out there? People still have them though.

[Anonymous]

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@Anonymous wrote:

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What about a BK that came off credit report but Citi was one that got bludgeoned in the BK? Citi might deny but Citizens may not. Some people hate Citi too.

Why have QS or CFU if DC and PPMC are out there? People still have them though.

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Because each bank wants to compete for those 2% swipes since there's a bar in place for them.  Throwing 1.8% into the mix isn't enticing or competing with the major banks.  

Why don't you have a Citizens issued card then?  You have a DC... do you want to swipe for 0.2% less after the 5% intro period?  Would this card be a keeper in your wallet beyond the intro period? 

PPMC caters to the lower band of scores and profiles and DC is a bit higher if you don't want to deal with the paypal site to manage the card.  If you don't like either then you go Cap1 or Chase.  

[Anonymous]

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@Anonymous wrote:

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Cell phone insurance through your CC isn't worthwhile since your primary home owners / renters insurance  would have to be the first claim and the CC provided insurance is the backup option.  Since your primary insurance is surely enough to cover the cost of the phone even if it's $2K the CC insurance is just marketing at that point.  If you're being smart about it you won't want to file a claim against your personal insurance anyway for a phone since you'll get rate jacked for the next 2-5 years because now you have a claim showing up on your CLUE report.

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For many the home owner insurance may have a higher deductible and might be more difficult to use.  When I smashed the screen of my Galaxy in a car door (yes, a perfectable reasonable thing to do, the door wasn't closing for some reason so I pulled harder, to discover the reason it wasn't closing was because the phone was in the way) it was quickly resolved by Discover (via purchase protection RIP).   Going through home insurance would have been harder and as you say, potentially a bad move.

[Anonymous]

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@Anonymous wrote:

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 Sure, it could be a tossaway card for someone with huge spend to make 5% on but, there's plenty of 3% uncapped options out there for 12 month periods that are more sustainable long term with PC ability.  (Chase/Disco) .... It's not hard to pick up additional cards w/ 5% choices on them as well.  There's no real limit on USB cards.

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Generally the huge spend would be of an artificial type!  AFAIK now, uncapped (in money, if capped in time) 5% is almost unheard of now, really since the capping of the Amex OBC.   Yes, you could got multiple Freedom/Discover/Cash+, but they are all category cards, and may not be useful in any one quarter.    Plus you need a lot of $1500/$2000 capped cards!

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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What about a BK that came off credit report but Citi was one that got bludgeoned in the BK? Citi might deny but Citizens may not. Some people hate Citi too.

Why have QS or CFU if DC and PPMC are out there? People still have them though.

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Because each bank wants to compete for those 2% swipes since there's a bar in place for them.  Throwing 1.8% into the mix isn't enticing or competing with the major banks.  

Why don't you have a Citizens issued card then?  You have a DC... do you want to swipe for 0.2% less after the 5% intro period?  Would this card be a keeper in your wallet beyond the intro period? 

PPMC caters to the lower band of scores and profiles and DC is a bit higher if you don't want to deal with the paypal site to manage the card.  If you don't like either then you go Cap1 or Chase.  

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My point is people still get the QS and CFU even if there are 2% cards out there. So, a 1.5% card IS enticing to some, a 1.8% card would be too.

I'd like to get the card, and if I were a junkie, I would. But I use all my cards, and yes I would swipe for 0.2% less on some transactions. I even swipe for 1% on my other cards even if I could have gotten 2% from DC. I alluded to that in a previous post in that I do not want to swipe strictly for higher % categories only. I believe CCC look at that and may offer fewer other perks because of it (like decline a CLI, etc.). I have 9 cards, adding a 10th just lowers spend per card even more, for a card which will be a keeper. All cards are keepers, and if they aren't good enough to be one, I don't apply.

I could go to Cap One or Chase if I didn't like my 2% options. Or go to the Citizens card and get 1.8% instead of 1.5%.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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Cell phone insurance through your CC isn't worthwhile since your primary home owners / renters insurance  would have to be the first claim and the CC provided insurance is the backup option.  Since your primary insurance is surely enough to cover the cost of the phone even if it's $2K the CC insurance is just marketing at that point.  If you're being smart about it you won't want to file a claim against your personal insurance anyway for a phone since you'll get rate jacked for the next 2-5 years because now you have a claim showing up on your CLUE report.

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For many the home owner insurance may have a higher deductible and might be more difficult to use.  When I smashed the screen of my Galaxy in a car door (yes, a perfectable reasonable thing to do, the door wasn't closing for some reason so I pulled harder, to discover the reason it wasn't closing was because the phone was in the way) it was quickly resolved by Discover (via purchase protection RIP).   Going through home insurance would have been harder and as you say, potentially a bad move.

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The homeowner's insurance as the primary insurance only applies to if the phone is damaged or stolen from your home. You may have other occurrences, other than a dropped phone, if the phone is damaged at home or stolen (such as other damage around the phone (fire, water damage, etc.) or other things stolen in addition to your phone), where you are going to notify the insurer anyway. If you dropped your phone or someone stole only your phone, then no, don't notify your insurance company.

But things happen away from home. Dropped your phone in the grocery store, got mugged, etc. You don't need to notify your homeowners insurance first to collect benefits, so it is worthwhile to have the coverage through your CC.