Over the weekend, Henry from BinaryDollar asked me for a reward credit card recommendation. Without hesitation, I suggested that he check out the Citi Driver’s Edge Platinum Select MasterCard. This is our primary reward credit card, and Citi is running a great promo right now. This card normally give 3% cash back on “everyday” purchases (gas, groceries and drugstores) and 1% on all else. But…
For the time being, Citi is doubling the “everyday” rewards to 6% for the first twelve months that you have a card. So that means 6% off all gas, grocery, and drugstore purchases for the next year! And there’s no annual fee.
You can cash out your rewards in several ways. For example, you can fax in receipts for automotive service and they’ll apply a credit to your balance. Or you can send in the receipt when you purchase a new or used car and they’ll send you a check. Or you can cash out your rewards through the Citi ThankYou network, which allows you to trade in reward points for pseudo-cash, like gift cards from a ton of different vendors, statement credits, or even student loan payments.
Another nice thing about this card is that it has a really high reward earnings limit — you can earn up to $1k in rewards per year — and you can let rewards accrue for up to five years (if you wish).
All in all, the Citi Driver’s Edge MasterCard is a great little card, and we’ve racked up a ton of rewards by using it.
With that said, I’d like to hear from you guys as to what your favorite reward cards are, and why you like them.