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Thought this looked like a great deal. 20 % for 60 days. Max $50/mo credit goes to future citgo purchases.

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Wow nice. And is that Vanna White on the webpage?


Not bad


So in 60 days, if you work hard (and travel a lot), you get $100 (4% afterwards).
I prefer CC bonuses given upfront.


I think this is an ok deal and I appreciate the poster letting us know about it.

However, $50/month for 60 days-->$100 bonus

It really isn't a $100 bonus because you would have gotten 5% anyway using other cards. So it is more like a $75 bonus. Except the bonus is only good at Citgo so you are forgoing 5% on the purchases you make with that $100 bonus. That means another $5 in lost bonuses. So really it is a $70 bonus.

You would be better off signing up for a Citi card with 10,000 TY points after the first purchase. Then you can get a $100 gift card at a place that doesn't have 5% bonuses.

Before someone says, "It isn't either/or, do both!". There is a finite limit to the number of Citi cards you can get (2 in 60 days for personal cards) and there are at least two Citi cards that give 10,000 TY points.

Therefore, I think this deal is not that great.


cameron2003 said: Wow nice. And is that Vanna White on the webpage?

No, its Katie


SlimJr said: It really isn't a $100 bonus because you would have gotten 5% anyway using other cards. So it is more like a $75 bonus. Except the bonus is only good at Citgo so you are forgoing 5% on the purchases you make with that $100 bonus. That means another $5 in lost bonuses. So really it is a $70 bonus.


bozo007 said: SlimJr said: It really isn't a $100 bonus because you would have gotten 5% anyway using other cards. So it is more like a $75 bonus. Except the bonus is only good at Citgo so you are forgoing 5% on the purchases you make with that $100 bonus. That means another $5 in lost bonuses. So really it is a $70 bonus.


Don't hate the player, hate the game. I present the numbers, that is all. Some people don't like seeing the facts, some do.



Before someone says, "It isn't either/or, do both!". There is a finite limit to the number of Citi cards you can get (2 in 60 days for personal cards) and there are at least two Citi cards that give 10,000 TY points.

pretty much dead on...but thanks OP for posting....


SlimJr said: Don't hate the player, hate the game.Green for you.


How many people really spend $250 per month on gas? That's a lot of guzzling!


Does anyone have any link to one of the citi cards that offers 10,000 points?


I've been considering opening a Citi Diamonds rewards card.


Is this a good choice? Thanks!


SpaceGoat said: Does anyone have any link to one of the citi cards that offers 10,000 points?


I've been considering opening a Citi Diamonds rewards card.


Is this a good choice? Thanks!


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hiphiphooray said: How many people really spend $250 per month on gas? That's a lot of guzzling!Citgo gift card ?


EricGo said: hiphiphooray said: How many people really spend $250 per month on gas? That's a lot of guzzling!Citgo gift card ?

Hmm, do you think that would count?


Thanks for the link!

I have a question for you guys, a bit OT for this thread, is it generally a good idea to go with the Cash Back cards or are the points cards usually a better choice since you can get more than a 1:1 ratio for each point that way?


hiphiphooray said: How many people really spend $250 per month on gas? That's a lot of guzzling!

I spend about $500 a month ( and no, I don't drive an SUV, I just drive a lot)


Compare OP's offer with this: www.newbpvisa.com, and you'll see that OP's offer is among the best gas cards offers.


EricGo said: hiphiphooray said: How many people really spend $250 per month on gas? That's a lot of guzzling!Citgo gift card ?

$275 / month, commuting to work. And that's in a Corolla! Not even counting the wife's gasoline coast, filling up the family SUV. Thankfully that one just does daily duty and the (few) vacation trips we take each year.

Everybody's got to calculate money / time benefit to commuting, I took a job 50 miles (1 hr) away from home because it offered $20k more than I could get working much closer.

We have lots of Citgo's on East coast, if you don't mind Patronizing Hugo Chavez (necessary, if less than desirable), this is definately a good deal.

For those (like me) who've already taken the Citi TY points benefit, this is another way to keep the gravy train going.


Buy $250 in Citigo gas cards in store (assuming they sell gas cards) for the first 3 months, get $150 CashBack. Not bad, not bad at all. Get $900 for $750.

I was happy to do the same thing using the 10% CashBack Wawa card, this deal is far hotter.

Comparing this deal to other Citi deals is just plain stupid. This is not some sort of competition.


SpaceGoat said: Thanks for the link!

I have a question for you guys, a bit OT for this thread, is it generally a good idea to go with the Cash Back cards or are the points cards usually a better choice since you can get more than a 1:1 ratio for each point that way?


What "points" cards are giving you more than 1:1 ratio?

Chase's cards don't.
Citi's cards don't.

In fact, if you redeem a Citi Thank You item under the $50 mark, you are getting less than 1:1.


sloth911 said: SpaceGoat said: Thanks for the link!

I have a question for you guys, a bit OT for this thread, is it generally a good idea to go with the Cash Back cards or are the points cards usually a better choice since you can get more than a 1:1 ratio for each point that way?


What "points" cards are giving you more than 1:1 ratio?

Chase's cards don't.
Citi's cards don't.

In fact, if you redeem a Citi Thank You item under the $50 mark, you are getting less than 1:1.


Almost every card that lets you redeem for airline tickets, you can do better than 1:1, as its straight 25000 points on most cards for a domestic contig-48 ticket. People regularally cash in 25k TY points for $400-$600 tickets. Citi has been waiving taxes and fees lately as well, which makes this a great deal.

Merrill+ caps the ticket value at $500, but thats still 2 cents per point.


nm


Xeon852 said: Almost every card that lets you redeem for airline tickets, you can do better than 1:1, as its straight 25000 points on most cards for a domestic contig-48 ticket. People regularally cash in 25k TY points for $400-$600 tickets. Citi has been waiving taxes and fees lately as well, which makes this a great deal.

Merrill+ caps the ticket value at $500, but thats still 2 cents per point.


I guess I am boring because all of my domestic flights tend to be ~$200-$250. (Chicago-LA, LA-NY, Chicago-Orlando, etc)

However, if you happened to be flying more expensive flights anyway then airline tickets can definitely beat 2%. Also if you happen to stay in expensive hotels the Starwood AMEX can give you 2-3% in equivalent value. Myself I'd rather take coach flights and stay at Motel 6/Super 8/etc and use my 2% Cash Back card.

However, I'm earning 800 TY points a month on my checking account so I suppose eventually I'll be buying a plane ticket. The only other alternatives I see are committing fraud ($100 student loan checks made out to yourself) or $100 gift cards ($98 in value because it prevents me from using my 2% card).

I hope the TY points airline ticket deal doesn't get killed like my BoA Power Reward card did. 2% anywhere cards are hard to find.


x43b said: However, I'm earning 800 TY points a month on my checking account so I suppose eventually I'll be buying a plane ticket.

How are you doing that?


The only other alternatives I see are committing fraud ($100 student loan checks made out to yourself) or $100 gift cards ($98 in value because it prevents me from using my 2% card).

What do you mean by this?


Does anyone know if all CITGO's has gift cards (or even better for other stores) and whether their purchase would qualify (and would convenience store items etc.)or does their computer system separate gasoline at the pump from other items. Since they say CITGO puchase I assume they mean at a CITGO station (i.e. might cover repairs, oil changes, etc.)

Obviously for those who find this attractive, buying gift cards might make it more attractive.

It also crossed my mind that they might be more generous on a gas card (to keep CITGO happy) than on a regular credit card. In particular, might give a card to someone who had other CITI cards. Anyone know?

Someone referred to three months of benefits and $150. Since the card offer says 60 days this is even an error or he is presuming that the %50 limit is per cycle, and the cycles are such that you got part of a month, than a full month, and then part of a month again. Use of gift cards (or big repairs) might be needed to get this outcoome.

There is also a balance transfer offer, but if one uses the gasoline rebates first this may reduce the benefit to less than six months (depends on the exact wording of the terms and conditions here).


Citgo is owned by Venenzuela's government and supports Hugo Chavez's administration. Check out www.citgo.com for confirmation.


Got a letter from them today saying they are going to automatically convert me unless I tell them not to. Anyone have thoughts on the old card vs new? With the new card the first $5k of spending are at 1/2% Cash Back, which kind of turns this into a "gas only" type card. And even that is only the case if they discontinue the Dividend cards.


Clocks said: Got a letter from them today saying they are going to automatically convert me unless I tell them not to. Anyone have thoughts on the old card vs new? With the new card the first $5k of spending are at 1/2% Cash Back, which kind of turns this into a "gas only" type card. And even that is only the case if they discontinue the Dividend cards.Got the same letter a couple of weeks ago. I declined the new card. I can see why they are changing it, because the old card really had nothing to do with Citgo. But the new card is definitely worse in general, since it's .5% rather than 1% for that lower range. And I would end up searching for Citgo stations to use the card, which isn't really a benefit.





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