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Citi Dividend Platinum Select – My AT&T Universal Cash Replacement
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A few weeks ago I wrote about the demise of the AT&T Universal Cash credit card (which was administered by Citi), the gas station, supermarket, and drugstore superstar credit card in my wallet, and the need to find a suitable replacement as soon as possible. With the card being terminated on 6/30/06, I’ve found a replacement and it’s the well-known Citi Platinum Select MasterCard which features the same generous 5% cash back at gas stations, supermarkets, and drugstores with 1% everywhere else. If you visit the link above you’ll also see a 0% balance transfer offer for up to 12 months (and a $5 cash back teaser for each $1,500+ transfer you initiate).
Just like the AT&T Universal Cash card, you’re limited to $300 a year in bonuses ($6000 in gas and groceries per year), and you can only request checks over $50. In effect, I’m swapping my A&T Universal Cash card for a Citi Dividend Platinum Select card.
I applied online and within a minute I was accepted, wahoo!, now I have to resist the temptation to turn it into yet another balance transfer arbitrage…
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Also, the Chase Rewards credit card has the same sort of “bonus” with regard to gas and groceries and allows up to $600 a year in bonuses.
On these Citi cards, they are very expensive to use outside the US. They charge a 3% fee on each foreign currency transaction. I decided to use the citi card to get to the $50 rebate by paying part of my hotel bill last week with it. A $719.72 charge on my hotel also included a $23.10 finance charge from Citi. Having never seen this before, I decided to check, and my AAdvantage Citi card and the one you recommend also have this.
What a crock!
If I can get the 5% elsewhere, I will. (I just looked at the Chase website, and only found a 3% gas [6% intro] rebate)
You will find that that same card only gives 2% now for gas and grocery store purchases and 1 percent for everything else. The 5 percent offer was a promotional offer.