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The Dividend Game

September 16th, 2005 at 07:59 am

After perusing several financial blogs, I am kicking myself because I didn't maximize my frugality last month! Supermarkets and Drugstores are selling gift cards which if purchased with the Citi dividend card gives you 5% cashback... duhh!!! I bought 200 bucks worth of giftcards at the actual stores and well... it would have been nice to see some loot coming back to me.. even if its only 10 bucks. I've added this info on here for 'dividenders' who havent read the citi fine print regarding this way cool card:

Your Citi Dividend Card account ("Card Account") will receive a rebate based upon eligible transactions appearing on your current month’s billing statement. Such eligible transactions include purchases, cash advances and balance transfers, which will show cumulatively on your statement as “Dividend Dollars”, as long as your Card Account is open and current. (Rebates on cash advances and balance transfers may take up to three billing cycles before they appear on your billing statement.) However, if your Card Account is no longer current, you will not be able to earn or redeem Dividend Dollars. If your Card Account is closed, you will no longer be able to earn or redeem your Dividend Dollars and unless you reopen your Card Account within 90 days of closure, you will forfeit any accumulated Dividend Dollars.
You will earn 5% on purchases made at supermarkets, drugstores and gas stations and 1% on all other purchases. Supermarkets are defined as stand-alone merchants that primarily sell a complete line of food merchandise for home consumption. Drugstores are stand-alone merchants that primarily sell prescription and proprietary drugs and nonprescription (over-the-counter) medicines. Gas stations are merchants that primarily sell vehicle fuel for consumer use.
Purchases not eligible to receive the 5% rebate include, but are not limited to, purchases made at warehouse clubs, discount stores, department stores and convenience stores. In addition, online, catalog, mail order and telephone purchases are not eligible to receive a 5% rebate unless the merchants identify the transactions as being made at a supermarket, drugstore or gas station. We do not determine whether merchants correctly identify and bill transactions as being made at a supermarket, drug store or gas station. However, we do reserve the right to determine which purchases qualify for the 5% rebate.
You will earn 1% on cash advances and cash convenience check amounts billed at the standard cash advance rate. Cash advances and cash convenience checks billed at a promotional rate will not receive a rebate unless specified otherwise. You will receive five Dividend Dollars for each individual balance transfer transaction, including individual balance transfer transactions made with balance transfer checks of $1,500 and greater.
You may accumulate a maximum of 300 Dividend Dollars in any calendar year (eligible transactions appearing on your January ­ December billing statements). Dividend Dollars earned on purchases through the Citi Dividend Merchant Network are not subject to the $300 calendar year maximum accumulation.
Citi Dividend cardmembers must be registered for Account Online and must activate their Citi Dividend Merchant Network account to be eligible to earn Dividend Dollars on purchases made through the Citi Dividend Merchant Network.
As soon as you’ve earned 50 Dividend Dollars or more, call us at 1-866-676-4672 or visit www.citicards.com so that we may send you a check for the total accumulated Dividend Dollar amount shown on your monthly billing statement. We cannot issue you a check unless you contact us. Checks cannot be issued for amounts less than $50 unless you’ve already received checks totaling more than $250. Cardmembers must be registered for Account Online in order to request a check at www.citicards.com.
Returned purchases, disputed or unauthorized/fraudulent transactions, finance charges, and Card Account fees do not earn a rebate unless otherwise specified.
You are responsible for any taxes that may be due on checks we may send you for your Dividend Dollar balances. Dividend Dollars have no cash value until such time as you may request and receive a check for your accumulated Dividend Dollars and you shall have no property rights or other legal interest in Dividend Dollars. You may not assign, transfer or pledge your Dividend Dollars.
We may revise any of these Citi Dividend Card Terms and Conditions at any time with 30 days prior written notice.

Be back soon,

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