Posted by Chuck on January 28, 2016
Credit Cards

Published on January 28th, 2016 | by Chuck

33

Can You Product Change to Citi Dividend?

In the post Best Downgrade Options & Rules For Each Card Issuer we mentioned the three best options for someone who wants to downgrade a Citi card without closing it:

  • Citi Double Cash – 2% cashback anywhere
  • Citi Dividend – 1% cashback and 5% categories, max $300 cashback per year
  • Citi ThankYou Preferred – this is the best option if you need an open ThankYou points card to keep points alive

Reader Marco asks,

I thought Dividend application is dead already (no longer available for signup). Is it still possible to product change to it?

Multiple reports in the comments of a recent post indicate that product changing to Dividend is still possible, including one data point from yesterday. Hopefully, it will work for all of us.

There is particular interest now in the Citi Dividend card since this year the Q2 category is drugstores, a popular category. And you can get 5% back with an annual cap of $300 in cashback. This amounts to $6,000 spend total at the drugstore if you want to max it all out there.

It may be worth product changing to Dividend for the bonus category and then changing it again to a different, something Chasingthepoints had success with recently. Remember that there’s never a guarantee that you’ll be able to product change to any given product at any given time, so keep that in mind.



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Zachary
Zachary

I just called citi. I converted my hilton to dividend without problem.

leithl
leithl

When you convert, is the original account considered “closed” for sign up bonus purposes?

i.e. if I convert an AA mastercard to another product, is that the time the 24 months starts before I can get the next bonus?

Steven
Steven

When you convert, does it restart my card’s open date?

i.e I convert my Double Cash to Dividend. My DC was open in 1/2014, will that timeline convert over or it will be 1/2016 or 2/2016?

mark o
mark o

The 18 month rule starts when you open or close a card…so I would think a product change would be just like closing the old account and you could get the bonus again 18 months from then.

Jamy
Jamy

Are there any issues changing AA cards into
dividend or double cashback?

mark o
mark o

Just changed AA to double cash no problem.

Kent C
Kent C

I have a few Citi Hilton cards. Wonder if I could convert to multiple Dividends. I’ll try it, but do only one per call. Please chime in if anyone has been successful having multiple Dividends at once. Thanks.

Steve
Steve

I’ve only had my Hilton HHonors Citi Visa since Sept. If I downgrade after just four months to the Dividend, would I lose my 75,000 Hilton points earned as part of the bonus?

John
John

Does Citi Dividend have an annual fee?

William Charles

No

jnrfalcon
jnrfalcon

What’s more interesting is the possibility of PC into any Citi Amex version cards. I don’t have old enough card yet. My friend tried several times and had no luck… Dose anyone able to make it recently?

Jonathan
Jonathan

I converted my AA card to Citi Dividend this morning. It looks like it will take 50 days to convert. Just in time for Q2 category- drugstores.

Robert
Robert

somewhat related question:

just applied for a premier and going to do prestige next week.

will i be able to downgrade both of these cards to a thank you preferred? is that an option that citi always gives for these cards?

(already have a doublecash)

William Charles

Why do you want two preferred cards?

wwllmm
wwllmm

You now have to wait 1 year after open to convert apparently…

J T
J T

Just called in today to convert TY Preferred to Dividend. After a very brief hold to check availability to convert, Citi CSR launched into the script for Dividend card details and confirmed my request to convert. No pushback, no mention of Double Cash.

Conversion date was quoted as 4/16, so it seems to take 6 weeks, though CSR stated I had another 60 days after that to cancel. And a reminder that TYP from a closed/converted TY card expire 60 days after conversion.

Bryce
Bryce

Just executed a conversion from Citi Double Cash to Citi Dividend. Rep wasn’t sure if they could, having noted they thought the product might be discontinued. Consist with others, it appears to be a 6 week process. I’ll be at my local drug store a lot in June. With all the changes, this heavy churner is making lots of moves to a model that relies a lot less on sign-up bonuses.

John
John

Which drug store sells GC using credit card? Both the national chains in CA do not 🙁

Jonathan
Jonathan

It is YMMV. You need to find it your self. My nearest RiteAid doesn’t allow CC but another RiteAid 4 miles way accepts CC. It is same as Walgreen & Walmart. Only 2 of 9 Walmarts within 8 miles distance from my house allow CC.

CGID
CGID

I converted my Citi Hilton to the Dividend last week. Just a reminder that PCs to Dividend still work.

The rep did try to steer me toward a PC to the DoubleCash card, but I told him I had one already and he seemed fine with that.

wwllmm
wwllmm

Anybody know if Citi Dividend codes 5% 4th quarter at BBB?

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