Fatwallet member JW10 reports receiving a mailer from Citi that their Citi Dividend card will automatically be converted into a Double Cash card on March 31, 2016. Yup, right before the drugstore category starts.
It’s unclear if they’ll be sending this out to everyone or not; we should know more within a day or two.
- The new Double Cash card will not earn 5% categories, even if you already enrolled
- Any unused cashback will carry over the Double Cash card
- You can continue using the Dividend card until the new card comes
- The new card will have a new account number (note: credit history should stay the same)
Opting Out
Interestingly, the letter indicates that you can opt out of the product change is you so desire,
If you do not want to be converted to the Double Cash, please contact us at 1-855-473-4583 by no later than 3/30/16. After that time, your account will be automatically converted.
To me this sounds that they are not forcing the conversion, rather it’s the default option so that most people will do the transition. I’ll definitely try to keep my Dividend alive, at least through the drugstore category in April – June.
Interestingly, we recently reported that people were having success product changing to the Dividend card.
