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Below is an example of
a calculation breakdown for one of the cards in the study.
The example is calculated
for profile 2, a household that spends $18,000 per year on credit card
purchases. See full details for Profile
2.
Reward Program Characteristics
- Citi® Dividend Platinum Select® Card:
Regular Rewards:
Earn 2% cash back on gas, supermarket, drugstore, convenience store,
and utility purchases, 1% cash back on all other purchases.
Bonus Rewards - First 6 Months:
Earn 5% cash back on gas, supermarket, drugstore, convenience store,
and utility purchases.
Reward Limit:
A maximum of 300 Dividend Dollars may be earned per year.
Redemption:
Your Citi Dividend Card account will receive a rebate based upon eligible
transactions appearing on your current month's billing statement as
"Dividend Dollars" payable in checks of $50 or more only upon
your request.
Annual Rewards Breakdown
- 2% cash back reward on supermarkets
purchases:
$3,500 (supermarket) * 2% = $70 cash back
- 2% cash back reward on drugstores
purchases:
$800 (drugstore) * 2% = $16 cash back
- 2% cash back reward on gas
purchases:
$2,400 (gas) * 2% = $48 cash back
- 1% cash back reward on all
other purchases:
$11,300 (all other purchases) * 1% = $113 cash back
Total annual rewards:
$70 + $16 + $48 + $113 = $247
First Year Bonus Breakdown
- Bonus 3% (total 5%) cash back
reward on supermarket purchases for the first 6 months:
$1,750 (supermarket) * 3% = $52.5 cash back
- Bonus 3% (total 5%) cash back
reward on drugstore purchases for the first 6 months:
$400 (drugstore) * 3% = $12 cash back
- Bonus 3% (total 5%) cash back
reward on gas purchases for the first 6 months:
$1,200 (gas) * 3% = $36 cash back reward
Total bonus:
$52.5 + $12 + $36 = $100.5
Final value of annual rewards:
$247
Final value of first year rewards:
$300 ($247 + $100.5 = $347.5. Limit of $300
applies)
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