Need a new credit card. Citi Double Cash is removing a lot of their benefits!

[rantk81]

I just logged into the Citi credit card website this morning, and was presented with this notice:

Important changes are coming to some of your Card Benefits.

The following is a summary of changes that are being made to your card benefits.

Effective September 22, 2019, Worldwide Car Rental Insurance, Trip Cancellation & Interruption Protection, Worldwide Travel Accident Insurance, CitiŽ Price Rewind, 90 Day Return Protection, Damage & Theft Purchase Protection, and Extended Warranty will be discontinued and will no longer be provided for purchases made on or after that date. Coverage for purchases made before that date will continue to be available, and you may continue to file for benefits in accordance with the current benefit terms.

We are making these changes so that we can continue providing the key benefits that our customers use and value most at no additional cost. This change requires no action on your part. See FAQs under Card Benefits for answers to Frequently Asked Questions regarding these changes.

As a cardmember, you will continue to receive a range of other card benefits including FICOŽ Credit Score, CitiŽ Identity Theft Solutions, and Citi Entertainment.

No more price-rewind, return protection, damage/theft production, no more travel insurance!

The 2% cash back is still there -- but this is a significant benefit cut!

In light of these changes to the Citi card, I'll be looking to replace it with a new "daily driver" card if I can find something better!  Are there any other no-annual-fee cards out there that offer 2% cash back on everything and still have purchase protections?

[Roots&Wings]

Damn. The price rewind, rental car and trip insurance were useful. Following.

[GoHokies]

I use the Bank of America platform primarily (with some occasional churns for some sign up bonuses).  The 3/2/1 card allows you to earn 3% back on a category of your choosing (gas, online shopping, dining, travel, drug stores, or home improvement), 2% back at grocery stores, and 1% on everything else.   I pair that with the travel rewards card that gives me 1.5% back on everything.  These come with no annual fee.

While on the surface these cards don't look that great, you get a 75% boost to the rewards if you have $100k in combined Bank of America and Merill Edge (their brokerage house) accounts.  So after the boost, I get 5.25% on online shopping (my category choice), 3.5% on dining, and 2.63% back on everything else. All with no annual fee.  I think their platform is extremely underrated for those that have the ability to take advantage of the boost.  In addition to all of that if you have the $100k in combined accounts, you get a host of other benefits, including 100 free trades per month, no ATM fees, savings rate boosters, etc.  While I wouldn't recommend keeping a savings account as their rate is pretty abysmal, if you have enough investments to move over there to take advantage of their preferred rewards program and credit card program, I think it is a good option.

 

[Wrenchturner]

I use the Bank of America platform primarily (with some occasional churns for some sign up bonuses).  The 3/2/1 card allows you to earn 3% back on a category of your choosing (gas, online shopping, dining, travel, drug stores, or home improvement), 2% back at grocery stores, and 1% on everything else.   I pair that with the travel rewards card that gives me 1.5% back on everything.  These come with no annual fee.

While on the surface these cards don't look that great, you get a 75% boost to the rewards if you have $100k in combined Bank of America and Merill Edge (their brokerage house) accounts.  So after the boost, I get 5.25% on online shopping (my category choice), 3.5% on dining, and 2.63% back on everything else. All with no annual fee.  I think their platform is extremely underrated for those that have the ability to take advantage of the boost.  In addition to all of that if you have the $100k in combined accounts, you get a host of other benefits, including 100 free trades per month, no ATM fees, savings rate boosters, etc.  While I wouldn't recommend keeping a savings account as their rate is pretty abysmal, if you have enough investments to move over there to take advantage of their preferred rewards program and credit card program, I think it is a good option.

I've just gotten into churning and it's a bit of a rabbit hole.  It's worth spending a bit of time finding the best credit cards, especially if you have fairly high monthly spending, or you're high income, or you have large annual transactions like car insurance.  Even a cursory assessment can be really rewarding.