As 2012 begins to wind down and Americans gear up for the holiday season, many of us are looking for ways to trim down holiday expenses.
One option for consumers is to utilize a new cash back credit card that offers a $100 sign up bonus as well as the opportunity to earn 5% cash back on select purchases. The Citi Dividend card fits this bill.
About the Citi Dividend Card
The CIti Dividend card comes with a generous sign-up bonus of $100 in cash back after cardholders spend $500 within the first three months of opening an account. This card also features a 0% introductory financing offer for one year on both balance transfers and new purchases. While the $100 cash back feature may grab more attention, the 0% interest rate promotion provides another way to save money for those who would otherwise be paying high interest rates on their current credit cards.
In addition to the $100 cash back bonus and 0% APR, cardholder will also receive 1% cash back on most purchases as well as 5% bonus cash at eligible stores and on certain categories of merchants. There are no quarterly limits to bonus cash, but there is an annual limit of $300 in bonus cash back, or $6,000 of spending.
End of 2012 5% Cash Back Opportunities
The Citi Dividend card’s 5% bonus cash back categories appropriately revolve around holiday spending. Purchases from electronics stores such as Best Buy are eligible, which works well for holiday shoppers interested in purchasing electronics and other media. In addition, purchases from Macy’s stores are also eligible for the 5x bonus cash. Macy’s department stores feature a broad variety of merchandise from clothing to jewelry and house wares. Finally, purchases from toy stores also receive the 5% cash back bonus.
With electronics, toys as well as everything from jewelry to furniture covered by the inclusion of Macy’s, many holiday shoppers will find that the Dividend card offers 5% cash back on most gifts that need to be purchased.
Between the sign up bonus, 12 month interest free introductory period and the opportunity to earn 5% cash back on a broad basket of holiday gift items, the Citi Dividend card provides a very compelling reason to ditch old credit cards with high rates and lackluster rewards before the holiday shopping season gets into full swing.
You can learn more about this offer below or apply online here.