The Citi Dividend card is one of the most underrated cash back cards on the market, and you can’t apply for it directly. It’s a grandfathered card that is only available via product change from another Citi card.
The optimal strategy to product change to the Citi Dividend from a Citi card that you no longer receive positive expected value from after the first year. If you aren’t granted the Citi Dividend card on your first request, hang up and call again.
Comparing 5% Cash Back Credit Cards
Similar to the Chase Freedom and Discover It, the Citi Dividend is a 5% quarterly card.
Most 5% cash back cards on the market either have defined categories or “choose your own adventure” categories to earn 5% on up to $1,500 in combined purchases each quarter.
$1,500 per quarter means that you can maximize for 5% on up to $6,000 per year.
The Citi Dividend card is unique because if you don’t like a quarterly category, you can skip it an allocate the 5% cash back to another quarter. For example, if you’re only interested in the Q2 5% defined category in 2019, you can choose to maximize the 5% category on up to $6,000 in combined purchases in Q2 2019.
Chase Freedom (5x) & Discover It (5%)
Q1 = $1,500 for [defined]
Q2 = $1,500 for [defined]
Q3 = $1,500 for [defined]
Q4 = $1,500 for [defined]
US Bank Cash+ (5%)
Q1 = $2,000 at [picked]
Q2 = $2,000 at [picked]
Q3 = $2,000 at [picked]
Q4 = $2,000 at [picked]
Citi Dividend (5%)
Q1 = $0 at [defined]
Q2 = $6,000 at [defined]
Q3 = $0 at [defined]
Q4 = $0 at [defined]
Citi Dividend 5% Calendar for 2019
I appreciate Citi releasing the full 5% cash back calendar for 2019. The quarters that stand out to me are Q1, Q2, and Q4.
For Q3, the travel protections on the Citi Dividend card are not as competitive as premium travel cards like the Chase Sapphire Reserve. Be sure to check your credit card’s benefits guide to see which card gives you the optimal travel and CDW protection.
Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
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