Citi is offering 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
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Citi is offering 5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter with the Costco Anywhere Visa® Card by Citi for Costco Members. No annual fee.
Details:
Slickdeals may be compensated by Citi.
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Not much need for Amex anymore unless there's a bonus sign up offer.
CYA AMEX.
they told it will be transferred to new citicard for which details will be coming with new card or at a later date. they mentioned that it will be dictated by citi tough. I got this in mail few days back from AMEX
Every rep I have talked to over the phone has been Indian with amex
Have Amex blue (old one with 6k threshold before 5% gas, groceries, drugstores kick in), chase freedom, discover.
Capital one too but only for zero foreign transaction fee.
If you have a freedom then you should get a Chase Sapphire Preferred.
This gives 2x Ultimate Rewards points on restaurants, and since UR points are worth more than 1.5 cents that beats 3% cashback.
Plus it'll greatly increase the value of your freedom points because instead of the crap 1-cent-a-point you get for them now you can transfer them to travel partners and get 2-5 cents a point.
(Note- if you never travel, and don't have any friends who do either, you can ignore all of the above as you won't have any way to get the higher value out of UR points)
there are more than just a stock.
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Well I'm not putting a $2000 TV on my debit card lol
Pretty good card, it looks like
To max out the AmEx Blue Cash Preferred groceries category for the year, you only need to spend $6,000 in groceries. That's $500 per month. That's not much. Now, this assumes that you can't fulfill all of your grocery needs at Costco, which we personally can't.
6% (AmEx Blue Cash Preferred groceries category) on 6,000 is $360. Minus $75 (annual fee) is $285. That's what you get for groceries on the AmEx Blue Cash Preferred - $285.
Since the Citi Costco doesn't cover non-Costco groceries, the best you'll get from any other combinations of cards is the Citi Double Cash 2%, along with the Discover IT/Chase Freedom rotating 5% on groceries. Generously assuming that average between the Citi Double Cash and the Discover IT/Chase Freedom cashback on groceries over the course of the year is about 3% (Citi Double Cash year-round + Discover/Chase occasional 5%), that would be $180 in groceries cash back. AmEx Blue Cash Preferred is $100 over that, even with the annual fee.
Is $100 worth it? Not sure. We currently have the AmEx Everyday, but are thinking about upgrading to the Blue Cash Preferred. No real downside if there's no credit pull. Alternatively, we could wait for the AmEx Preferred $250 sign-up and open a new account. Then you get the 6% as above, along with $250, which is basically 2.5 years worth of the card's cash back. That's probably the best option, although I would be left with a useless Blue Cash Everday. I suppose I could have my girlfriend open a Blue Cash Preferred with the sign-up and 6%, then I could upgrade mine, and then once we hit the $6,000, we can switch to the other card and also get 6%. Now we're talking, as that's basically 6% on $12,000 in groceries, which is unlimited for us as we're a young couple.
EDIT: if you go incognite/private mode, the AmEx Blue Cash Preferred still has the $250 sign-up bonus. They advertise a max of $450, as you can get 10% back at a wireless provider. Very nice if you're buying a phone in the near future.
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Once converted to VISA, I'll use this card for my Costco purchases and others where I cannot get >2x points using other cards.