Citi changes best card, Chase discontinues its equivalent
August 30th, 2006
Unfortunately, Citibank changed the best rewards card it had, the Dividend Platinum Select one. It no longer earns 5% on everyday purchases and 1% elsewhere like it used to. Chase discontinued the Cash Plus Rewards card that also earned 5% on everyday purchases and 1% on other purchases. These were my some of my favorite credit cards.
So far, the existing accounts are unchanged. I called both cards and was told that unless a letter is sent notifying about any changes to the rewards, the cash back percentages remain the same.
Entry Filed under: Credit cards
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1. Credit Card Cash Back Rewards Enthusiast | October 27th, 2006 at 1:30 am
There are several good replacements for the Citi Dividend Platinum Rewards card (now a 2%/1% card) such as the Citi Driver’s Edge (6%/1%), AmEx Blue Cash (5%/1.5%), and the HSBC Direct Rewards card (5%/1%). You can use the free calculator tool at Credit Card Tune-Up: Maximize Your Cash Back Rewards ( www.CreditCardTuneUp.com ) to see which card or cards will pay you the most for your spending profile.
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