This is an updated version of my previous post (thanks for feedback guys!)
Make $252 in January with your Citi Dividend Platinum Select Credit Card
My new Citi Dividend Platinum Select credit card will come in handy in January. For that quarter, I will get 5% cash back at Macy’s, Drug Stores, and Fitness Clubs. Unlike the Discover It and Chase Freedom credit cards, there is no quarterly spending cap (like the first $1,500 spent per quarter).
The last time I checked (10 minutes ago), CVS Pharmacy’s were classified as Drug Stores.
By my calculations, if you buy 12 Vanilla Reload Cards at CVS, you will max out the $300 annual cash back limit for your card. Subtracting the activation fees of $47.40 (12 x $3.95 = $47.40), you make a net profit of $252. Not too shabby for a no annual fee card.
| # VRC |
Amount |
Act. Fee |
Total Charge |
5% Cash Back |
Cash Back – Act. Fee |
| 1 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 2 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 3 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 4 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 5 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 6 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 7 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 8 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 9 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 10 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 11 |
$500.00 |
$3.95 |
$503.95 |
$25.20 |
$21.25 |
| 12 |
$452.60 |
$3.95 |
$456.55 |
$22.83 |
$18.88 |
| |
|
|
|
$300.00 |
$252.60 |
To learn more about the benefits of rotating cash back category credit cards, please check out this page. If you have any questions, please leave a comment below.
