Citi launches new 5% cash back card

On first 500 only, correct?

It's nice that it's not category specific, as long as it's an eligible category- seems like it's a guaranteed 2500pts/month.

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Not that great - 5% only on your top spending category and maxes at $500 spent (so $25 cash back before it turns into 1%)

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If you keep track of this it's awesome for restaurants or groceries since a lot of people can get to $500/mo in those and this is a fee free card @ 5% essentially for $25/mo @ $500.

To me this is a great card to use for something you spend about $500/mo or less on since it's fee free and 5% cash back...dont think restaurants ever pop up at 5% on the rotating free cards and groceries seems rare too (They did it during covid though).

There's also a $200 bonus after $750 spend in 3 months which is easy. This seems like a no brainer to add to an arsenal. I use my costco citi card to pay for restaurants and that's only 3% cash back, could easily replace with this and get 5% instead, just need to remember to switch back to costco once i hit or get close to $500 each month there.

So if you max out the $500/mo @ 5% and get the bonus that's $500 in rewards in year 1 and $300 in rewards each year after.

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Blue cash preferred from Amex is still tops imo. I get 6% on groceries, 3% on gas, and 1% on everything else.

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Thats a $95/fee card though.

Both offer up to $6k to get 6% or 5% on groceries. Do the math:

$6,000 * .06 = $360 cash back
$6,000 * .05 = $300 cash back

But the top one has a $95 fee, bottom one is free. You come out better with the Citi Custom Cash for groceries.

IF you spend more than $6k a year on groceries it makes sense to use both though to get both high rates of return on groceries.

I just upgraded my AMEX Blue cash everyday to preferred. But i also use it for 6% back on streaming services which is $100/mo for me.

There are fee free card who do better than 3% on gas - costco (4%) and sams club (5%) cards for example.

With a $500 annual fee and 24.99% interest rate.


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The well Fargo propel gets 3% on gas. Also the BOA card if you select gas as your 3% category. Both are no AF cards, although it look like the propel card has paused new applications

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You're not including the 3% back on gas, though which Citi doesn't offer.

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I offered up other cards that do better and are also free. Point is the 3% on gas for AMEX blue cash preferred is not a selling point.

I know some are pretty simple and just use 1 card but a lot of folks on here have multiple cards and are willing to use them to maximize savings across multiple categories.

I have AMEX blue cash preferred (6% grocery/6% streaming; $95 fee), chase freedom (5% rotating, fee free), citi costco (4% gas, 3% restaurants, 3% travel through them, 2% costco; fee free) and cap one venture (2x miles on everything else; $95 fee) myself. So much free money out there if you can be disciplined it's pretty awesome to take advantage.

I'll have to run some numbers on this card to see if it makes sense to add, I guess for free why not, the $200 bonus alone is worth it considering there's no annual fee.

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The well Fargo propel

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Discontinued in April. Only available to those that already have it.

Wells Fargo is releasing a 2% cash back on everything credit card next month.

Haven't really done any math to compare cards but I like my BoA card. They let your 3% category be online shopping so I just buy non refrigerated goods on Walmart.com/Amazon and get 3% on groceries as well as any other online purchase.

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They let your 3% category be online shopping

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3% plus 10% bonus if you open a BOA checking account (min $300 balance to keep it fee free).

3.3% is pretty good for all online shopping and BOA has good fraud protection.

Frequently has a $200 sign on bonus.

Also, you can get one of these cards in your name with one bonus category (online), and your wife can get on in her name with a different bonus category (Gas).