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Citi Wants to Convert Some Dividend Card to Custom Cash, Opt Out Now

DDG
DDG

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Citi Wants to Convert Some Dividend Card to Custom Cash

The Citi Dividend card is no longer available for new customers, but remains a good product that many people have in their wallets. This card earns 5% back in rotating bonus categories.

Each quarter you can earn 5% cash back with the Citi Dividend card. But unlike the Discover it or Freedom Flex were cash back is capped to $75 per quarter, the Citi Dividend has a a limit of $300 per year. That means that you can do all the spending even in one quarter, if there’s a category that you really like.

Recently Citi launched a new credit card with 5% categories, the Custom Cash. This card earns 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500. Eligible categories include restaurants, gas stations, grocery stores, select travel, drugstores, home improvement stores, and more.

Now Citi is looking to transfer some Citi Dividend cardholders to Custom Cash. They are sending out mailers saying that Citi Dividend cards will be automatically converted. It’s possible that only those who never had, or have the Citi Custom Cash card, are receiving these mailers.

However, even if you have received one of these mailers, you should know that this change is not mandatory. You can can opt out, but there’s not much time to do so. If you do NOT want the Citi Custom Cash Card, then you should contact Citi no later than September 9, 2022, at 1-888-872-2214. If you fail to do so, your Citi Dividend card will be automatically converted to Custom Cash on September 19, 2022. See the mailer here.

HT: Miles Earn and Burn

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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