Citizens Bank has their Cash Back Plus Mastercard which earns 1.8% cash back on all purchases and has no annual fee or foreign transaction fee. They also offer a signup bonus to get 5% cashback (1.8% + 3.2% bonus) on your first $6,000 in purchases during the first year.
Direct Link to offer and application link
In the past we’ve seen them run an offer to get 5% cashback with no limit. Now they are limiting the bonus to $6,000 which makes it much less interesting. I suppose it’s still mildly interesting for the signup bonus which can get you $300 cashback on $6,000 spend. But realistically most people won’t value it at more than $180 with a steep $6,000 spend requirement and won’t be interested in this.
Hat tip to reader Gerald
View Comments (17)
new offer 5% dining, travel, and gas up to 2500 quarterly until the end of the year
Found a different offer for this card, $200 back on $500 spend, plus up to $100 back if you sign up for TSA pre-check within the first year. Expires 9/7/22
https://www.citizensbank.com/credit-cards/cash-back-world-Mastercard.aspx
Has anyone used this card overseas? While many cards offer no foreign transaction fees, in practice transactions may get flagged or not go through, depending on the bank.
They're fairly shutdown happy - I cycled a couple of times and they closed all my accounts. Very painful, where else can I find another sub-2% cashback card? I mean other than almost every other bank? Only really worth getting to abuse heavily before they can shut you down.
On the third account in a few years it did not pay out. Had to dispute it with a letter. Got a generic letter back saying did I check with the merchant. Fired a second letter off saying the dispute was with them and the accounting of cash rewards. Within a few weeks later got credited the cash back rewards from a dedicated agent assigned to the case. Never was I shut down though. They have not had sign up offers since then as far a I know. These days the customer service seems better too (and quick to connect too).
@guest_1275456 What was your credit line?
Got $8500.
I was going to reply to “TesticleBlisters” but I was afraid if I attached a comment to his reply button that I might also get them. Sounds painful.
I know you can't go back in time, but the previous offer they had before this one was get a $150 sign up bonus when you spend $500 within 90 days (Expired 10/14/21)
Appreciate the post even if some don't, not worth it for me but good to know what's out there. Especially like the $120 note as it keeps people thinking.
"Now they are limiting the bonus to $6,000 which makes it much less interesting."
Not even worthy of a post lol.
Pass
So basically max $300 bonus for a $6k spend.
Wouldn't it be a max $192 bonus for a $6k spend? (3.2% x $6k = $192).
You’re right. It’s an even worse offer than I though it was.