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Citi Dividend 5% Cash Back and $300 Sign Up Bonus

If you’re still mourning the loss of your Schwab 2% Card [1], it’s time to start building up your supply of replacement cards.

You’ll definitely want to take advantage of this new offer from Citi [2] for the rotating 5% cash back categories and a $300 sign up bonus. The $300 cash bonus from Citi Dividend is this week’s Free Money [3] Friday!

How to Get Your $300 Sign Up Bonus

  1. Apply for a Citi Dividend World Mastercard [2].
  2. Use the card to make $5,000 in purchases in the first 3 months.
  3. Receive $300 cash back!

Citi Terms and Conditions

  • No annual fee.
  • Limit of $300 earned in cash back per calendar year.
  • However, the $300 cash back offer & cash back earned on purchases through the Citi Bonus Cash Center are not counted towards the $300 limit.

More on Citi Dividend

Quarterly 5% Cash Back Bonus Categories. Citi has introduced rotating categories [4] for cash back. This quarter (7/1/11 to 9/30/11), you get 5% cash back on:

  • Airlines
  • Hotels
  • Car rentals

A business trip, holiday travel & a few weddings have already made this card [2] very lucrative for me and I still have a month to go!

Cash Back. You’ll get 1% cash back on all other purchases.

Balance Transfer Offers. There don’t appear to be any low interest balance transfer offers [5] accompanying this particular card. However, once you sign up for a Citi card [2], you may start to see some pop up. I know I see 1 or 2 every time I log into my account and have considered using them for tuition payments [6] this time of year.