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Isn't Capital One Spark Business better than Citi Double Cash for everyday spend?

TR0N 1,271 803 March 24, 2016 at 08:24 AM
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Am I wrong?

C1 Spark Business:
2% cashback
$59 annual fee, waived for first year
$500 bonus after spending $4500 in 3 months

Citi Double Cash:
2% cashback
$0 annual fee
no bonus.

So if you can meet the bonus spend for the spark card basically you can get $300 up front and pay your annual fee for 4 years. Then in 4 years we can take another look at the current offerings.

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#2
when Citi DC was initially offered, I got a targeted offer of $200 CB for meeting min spend. I didn't think twice and took the offer. My statements end up with small amounts as balance since I pay the bulk so I can redeem my CBs monthly which I ACH to my bank account on file.

CapOne is notorious for doing HP on all 3 credit bureau so one has to take note of this if they're keeping track of HPs on their account.
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#3
Quote from mamabear209 View Post :
when Citi DC was initially offered, I got a targeted offer of $200 CB for meeting min spend. I didn't think twice and took the offer. My statements end up with small amounts as balance since I pay the bulk so I can redeem my CBs monthly which I ACH to my bank account on file.

CapOne is notorious for doing HP on all 3 credit bureau so one has to take note of this if they're keeping track of HPs on their account.
Do you like your Citi Card? I seem to be trying to convince myself not get the card because currently I have a CitiGold account (for the 40k typ offer) and the website is horrible
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i hate every ape i see.. from chimpan-A to chimpan-Z. no you'll never make a monkey out of me. oh my god i was wrong..it was earth, all along.
#4
Quote from TR0N View Post :
Do you like your Citi Card? I seem to be trying to convince myself not get the card because currently I have a CitiGold account (for the 40k typ offer) and the website is horrible
I got it last quarter of 2014, and I really like it as to ease in payments. I also like their price rewind which I've taken advantaged of. I like the fact that I can redeem all my CBs soon as my statement posts because I've already paid for most, if not all of them. I use my Citigold for the 50K miles AAd offer and so far, so good. Citi no longer allows CC for initial funding but I got in before they close it sometime in Feb.
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#5
Correct me if I am wrong, but the last time I had a Citi card I had to cash in the bonus points for Worst Buy gift cards which I bought Amazon Gift cards with because that was the only way to get full value for the points. They ripped you off with less than full value (100 points = 1 dollar) if you tried to get a statement credit or redeemed at Amazon directly and their options for gift cards pretty much stunk. One of the cards I cancelled before the 1 year renewal was up. Their bonus offers are not worth it imo.
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#6
Quote from YanksIn2009 View Post :
Correct me if I am wrong, but the last time I had a Citi card I had to cash in the bonus points for Worst Buy gift cards which I bought Amazon Gift cards with because that was the only way to get full value for the points. They ripped you off with less than full value (100 points = 1 dollar) if you tried to get a statement credit or redeemed at Amazon directly and their options for gift cards pretty much stunk. One of the cards I cancelled before the 1 year renewal was up. Their bonus offers are not worth it imo.
It's still the same unless you earn enough points to sell your points to one of those sites that flips them for airline tickets (14K minimum last I checked). I just use my points to buy BB GCs which I then use to purchase eBay or gas GCs. They now offer the BB GCs in eGift form so at least you can get them immediately.
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As the username says ...
#7
Quote from ManUpOrShutUp View Post :
It's still the same unless you earn enough points to sell your points to one of those sites that flips them for airline tickets (14K minimum last I checked). I just use my points to buy BB GCs which I then use to purchase eBay or gas GCs. They now offer the BB GCs in eGift form so at least you can get them immediately.

Given that you can get decent bonus offers from SW, Chase and others that also let you just cash the points in for a statement credit, why does anyone bother with Citi then and this gift card shell game nonsense? And the card is not good for anything imo when compared to Amex or Chase or even Discover (which has gone downhill since Discover Deals\Shop Discover has become near worthless imo).
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#8
The cash back (CB) system for the Citi Double Cash card is mostly straight-forward. There aren't any points involved, you just earn 1% as you make purchases and another 1% of the amount of any payment that you make. You may redeem the cash back as a check, direct deposit, or a statement credit. This is where it gets kind of tricky.

You may not want to redeem Citi Double Cash CB with a statement credit because this reduces the amount of your payment which reduces your cash back (you don't earn 1% CB on the statement credit.) It only reduces the CB rate from 2% to 1.99% so it's up to you to decide if the convenience of a statement credit is worth the 0.01% CB loss.

In order to redeem CB as a direct deposit to a non-Citibank account, Citi says that you must first make two payments from a linked checking/savings account before you may redeem to that account. What they don't say is that you apparently must make two such payments within every 6 months otherwise Citi loses track of the payments that you have made and prevents you from redeeming to the account even though you have been able to in the past. I like to pay all of my bills through my bank's online bill-pay system to keep track of all bills in one place but I have to do something different for Citi.
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Last edited by dhc014 March 25, 2016 at 06:05 AM

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#9
Quote from YanksIn2009 View Post :
Given that you can get decent bonus offers from SW, Chase and others that also let you just cash the points in for a statement credit, why does anyone bother with Citi then and this gift card shell game nonsense? And the card is not good for anything imo when compared to Amex or Chase or even Discover (which has gone downhill since Discover Deals\Shop Discover has become near worthless imo).
I use whichever card offers me the most rewards for a given category. If I'm spending in a category that doesn't earn me any bonus rewards then Citi's 2% beats the 1% I would get from anyone else.
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#10
Quote from YanksIn2009 View Post :
Given that you can get decent bonus offers from SW, Chase and others that also let you just cash the points in for a statement credit, why does anyone bother with Citi then and this gift card shell game nonsense? And the card is not good for anything imo when compared to Amex or Chase or even Discover (which has gone downhill since Discover Deals\Shop Discover has become near worthless imo).

I guess we have differing definitions of "useless"....discovercard paid me 15% back (5% for quarterly "dept store" and 10% back discover deals) on my 1k washer/dryer purchase from sears in December and in June will pay me ANOTHER 15% back for the one year of doubled cashback...$300 back in my pocket.

Citi Doublecard is my go to card for when one of my others with rotating categories or fixed categories doesn't cover it. 2% is 2%. 2% > 1.5% > 1% I've also gotten money back from purchases made using citipricerewind and they found the discounts with no work from me (a laptop ($50 back), laptop power adaptor ($30 back). With the doubling I get 10% back from just about any store I go through on discover deals..hard to beat. I need to make a note to grab several hundred in discounted walmart gift cards. They also have promo's going on cause I purchased 3 chili's $25 gc for $17.50 each (30% off).

As others indicated I'd always take a discounted gc over just straight using the points. Citi also offers the option of direct deposit to the bank which does still allow you to earn the 1% you'd lose doing a statement credit so not sure why you think the others offer "more".
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Last edited by famewolf March 28, 2016 at 09:40 AM
#11
Quote from famewolf View Post :
I guess we have differing definitions of "useless"....discovercard paid me 15% back (5% for quarterly "dept store" and 10% back discover deals) on my 1k washer/dryer purchase from sears in December and in June will pay me ANOTHER 15% back for the one year of doubled cashback...$300 back in my pocket.

Citi Doublecard is my go to card for when one of my others with rotating categories or fixed categories doesn't cover it. 2% is 2%. 2% > 1.5% > 1% I've also gotten money back from purchases made using citipricerewind and they found the discounts with no work from me (a laptop ($50 back), laptop power adaptor ($30 back). With the doubling I get 10% back from just about any store I go through on discover deals..hard to beat. I need to make a note to grab several hundred in discounted walmart gift cards. They also have promo's going on cause I purchased 3 chili's $25 gc for $17.50 each (30% off).

As others indicated I'd always take a discounted gc over just straight using the points. Citi also offers the option of direct deposit to the bank which does still allow you to earn the 1% you'd lose doing a statement credit so not sure why you think the others offer "more".

As for Discover Deals, no more Home Depot...no more Lowes...no more Staples...and the list goes on. I have not bought an item from Sears in years. I do not shop at any of the department stores or bought anything of note from Worst Buy. As for Walmart...can not stand them and am not waiting on long lines in some huge store to save a couple of dollars on groceries each week. To each his own and if you shop at those stores then it works for you, but most of the stores I found on Discover Deals are simply not where I will shop online normally and its usefulness as such is debate-able. About the only store I might buy something from that they have left is Dell and it is not that often one is looking to buy from them. As to their cashback, depending on which Discover card you have their cashback is not even 1% below a certain spend limit and you can get 1% from anyone.

As to Citi, I hardly think Chilis is a good option to spend points on but to each his own. If they offered an Amazon gift card it might be OK, but of course they don't. It is not 2% if they do not let you redeem at full value. There is no legit reason why they can not credit $1 per 100 points as a statement credit as all the major CC companies do that. Citi just wants you to spend on there stupid gift cards knowing many people will either forget about them or lose them. As to direct deposit to a bank, why would I need to do that so that I can get my money? If they can do that then they should just offer a credit or a paper check mailed to you at the full rate and stop with the nonsense. They don't because they always have to have some cute little way to try to get a little more out of you whether it be some gift card they get a discount on from the merchant, not crediting full points on Amazon, making you jump through hoops or what have you. There simply are a lot of better options out there in my opinion.
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Last edited by YanksIn2009 March 28, 2016 at 10:28 AM
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