Citi ThankYou Preferred Card Review

ThankYou Preferred CardOur partner Citi has refreshed their Citi ThankYou® Preferred Card. Here are the highlights:

  • Enjoy 0% Intro APR on purchases for 15 months from date of account opening and 0% Intro APR on balance transfers for 15 months from date of first transfer; after that the variable APR will be 15.49% – 25.49% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater*
  • Earn 2X Points on Dining Out & Entertainment
  • Earn 1X Points on All Other Purchases
  • Points are redeemable for gift cards to popular retailers, restaurants, and department and home stores. 2,500 ThankYou® Points can be redeemed for a $25 gift card at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No annual fee*

There have been a couple of new changes to this card. You now get 2 ThankYou points/dollar on purchases for dining and entertainment, and 1 point/dollar on other purchases. The card also added smart chip technology which improves security and acceptance internationally. Finally, don’t forget to use the Citi Price Rewind feature for any larger purchases, as it protects you against future price drops. You must register your purchase, and then if the same item is found with a price at least $25 lower than what you paid within 30 calendar days of your purchase, you can be refunded the difference.

Add in the fact that there is currently no sign-up incentive on this card, I am not excited about this card. Instead of just getting double points on dining out and entrainment, I would much rather earn 2% cash back on everything with the Citi Double Cash card.

  • Citi ThankYou® Preferred Card Application Page

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”

Best Value Smartphone Plan For Multiple Lines? T-Mobile Simple Choice Family Plan

A few months ago there was a flurry of newspaper articles about families with huge $300+ cell phone bills. I don’t have to deal with this yet, but here is a value option for those of you paying for multiple lines for parents, grandparents, kids, or just roommates sharing.

The T-Mobile Simple Choice Family plan offers a smartphone plan with unlimited talk, text, and data starting at just $100 for 4 lines with no contract ($50 for the first person, $30 for the second, and $10 for each additional person). That’s just $25 per line before any discounts, taxes, and fees.

How can this unlimited plan possibly be so cheap?!

#1. “Unlimited web” is broken down into 4G “high-speed” HSPA+/LTE data and their slower 2G data networks. The base plan includes 500 MB of high-speed data for each line (not shared). After that, you get punted to slower 2G speeds (~100 kbps reportedly) unless you pay for more. I actually think this is a good compromise. If you have kids that “need” the ability to check the web for “homework” (aka Facebook or Instagram) all the time, 2G speeds may be enough. Otherwise, just tell them to use the WiFi at home. If you want more high-speed data for your line, you can pony up $10 more for 2.5 GB of 4G data or $20 for unlimited.

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Groupon: Sephora $5 for $10 Gift Card

Groupon is offering a $10 gift card to Sephora for $5. Can be used in store, online, via mobile devices, or at any Sephora inside JCPenney. Limit one per person. I was going to say I’ve never shopped there, but I think I did buy a gift once. Over 100,000 bought, so I guess it is popular.

Remember that you can save even more with cashback shopping sites like eBates ($5 new customer bonus), Mr. Rebates ($5 bonus), TopCashBack (high %), and BigCrumbs (high %).

Betterment Bond Portfolio Asset Allocation Changes 2013

Online investment manager Betterment.com recently announced an upcoming change to their portfolio asset allocation, specifically their bond portion. Here’s a visual example of the ETF changes:


(click to enlarge)

I have mixed feelings about this change…

This is a fundamental shift in philosophy and it smells like performance chasing. The original allocation of 100% Treasury bonds (50% Nominal, 50% Inflation-Linked) likely came from David Swensen, as he is the Yale Endowment manager that supported the idea that you should own only the highest-quality bonds and take your risk on the stock side where your interests are aligned with the corporations. (With bonds, corporations and governments are trying to look as safe as possible even if they aren’t. This way, they pay lower interest rates.)

Now, suddenly they want to shift to a “broad global exposure” type of portfolio with lower credit quality and higher risk. Why now? Why was 100% US fine for 3 years but no longer? Perhaps because Treasuries and TIPS in general haven’t been doing that great recently? Perhaps because Emerging Markets bonds have had very high returns during that same period?

Still, it is following general industry movements. Vanguard has also added international bonds to their lineup of Target Retirement Funds. Many more international bond funds are available from many other providers. It appears that the costs for investing in international developed and emerging market bonds have dropped low enough that they can be indexed efficiently. I’m personally not convinced it is necessary and don’t own any international bonds myself, but I can understand the diversification argument.

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Toys R Us, Babies R Us Price Match Policy Update

Toys R Us and Babies R Us recently improved its in-store Price Match Guarantee policy to include online retailer prices from select merchants (press release). Previously, it only matched price from other physical store. The eligible retailers include Walmart.com, Target.com, BestBuy.com, Sears.com, Kmart.com, buybuyBaby.com, Meijer.com, FredMeyer.com, diapers.com, BabyDepot.com and Amazon.com (excludes Amazon Marketplace items).

Customers can also receive a refund if they find an eligible lower price within a week of the purchase. If you have a smartphone, you can just pull up the website on your phone for price verification. Other exclusions apply, including 1-day sales and Black Friday promotions. Still, simply being able to price-match Amazon is a significant improvement. Here is the press release, plus full details at Toysrus.com/PriceMatch.

Prices are matched after deducting any Toys“R”Us coupons and all other offers from the price. In addition, shipping charges are calculated and factored into the cost of a competitor’s online price before a price match is completed.

I don’t usually shop at these places other than to use up gift cards and store credit, but due to their handy gift registries I do have a lot of those. This enhanced policy would have come in handy many times in the past year! See my baby registry comparison, and our baby registry experience.

New Class Action Settlements: Naked Juice, Barbara’s Bakery

Here are a few new proposed class action settlements that may affect you. They both involve popular food products that marketed themselves as “All Natural” and ran into some controversy:

Naked Juice. If you bought an eligible Naked Juice product between September 27, 2007 and August 19, 2013 you could claim up to $75 with proof of purchase, or up to $45 without proof of purchase. I tend to break down and buy these horribly-expensive drinks when I’m sick.

The payout varies with how much you spent during that time period. As long as you spent $45.01, the proposed settlement will get you $45 without the need to provide receipts. File a claim here.

Barbara’s Bakery. Barbara’s Bakery makes a variety of “healthy” cereals and snacks, most notably for me their popular Puffin cereal which is sold at many natural foods-type stores including Trader Joe’s. Consumers can get up to $100 if they bought eligible Barbara’s Bakery products [pdf] between May 23, 2008 and July 5, 2013. It doesn’t appear that proof of purchase is required upfront, although as usual they may ask for it later. Who saves their cereal receipts?

The payout varies with how much you spent during that time period, starting at a maximum of $5 if you spent $10 or less. As long as you spent over $100, the proposed settlement will get you up to $100. File a claim here.

With all of these class action settlements, you need a lot of patience and a stable mailing address. For example with this old Sprint ETF class actions settlement I wrote about in January 2009, I didn’t get the check until this month, August 2013!

RedBox Instant by Verizon Free Trial Sign-Up

(Updated: Added details about newly-available Roku app.)

Redbox, famous for their $1 DVD rental kiosks ($1.20 now), recently launched a movie streaming service called RedBox Instant by Verizon. We like their kiosks and the fact that you can browse DVDs first and reserve them online before going to pick them up. There is currently a 1-month free trial that includes 4 free DVD rentals, so we paused our Netflix subscription (easy to pause, skip a month or more, and reactivate later) and signed up to try it out.

Redbox Movie Streaming Review

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Rewards Program Lessons from Perkstreet Financial Shutdown

Perkstreet Financial started in 2010 as a plucky internet bank start-up that told us credit cards were dangerous and unethical, and you should use a trusty debit card instead. They offered attractive features like 2% cash back on all purchases and 5% cash back on special categories. But then new laws were enacted that limited debit card merchant fees, and Perkstreet took a hit to their main revenue source. On August 12th, they announced that they were shutting down. Oh, and all that cash back “Perks” that their customers earned? Gone with zero prior notice. *Poof*

Consistent with the terms of our Rewards Program Agreement, we have discontinued our perks program and cancelled all perks balances as of today, August 12, 2013.

Consistent with what terms? Wait, I thought you said you were trustworthy? They meant this part:

The Rewards Program and its benefits are offered at our sole discretion. We reserve the right to cancel, terminate, change or temporarily suspend the Rewards Program and to amend this agreement at any time without notice.

Translation: We can do whatever the %(#& we want. But you can’t.

I never had an account with Perkstreet and didn’t lose anything, but many people did. This is a good opportunity to talk about rewards programs in general. Some thoughts:

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Amazon Student $10 Referral Credit Promotion

Back to School time is here again, and Amazon has a promotion where you get can $10 free credit for each new Amazon Student member that you refer to sign up. If you’ve got some social media influence in college or just met 100 new friends in your dorm, this would be a pretty easy way to rack up some pizza money as it’s completely free to sign up and you get 6 months of free Amazon Prime 2-day shipping. “All Amazon customers can invite friends to join Amazon Student via email, Facebook post or by sharing a personal invitation link on social media sites.”

Students are verified by providing a working .edu e-mail address, although you can use another e-mail for your account. After the first 6 months, new sign-ups can continue Amazon Student at 50% off ($49 a year) and keep the 2-day free shipping as well as get access to the Amazon Prime streaming movie and TV library, as well as the Amazon Prime Kindle free borrowing service. You have to provide a credit card for the trial I believe, but you can cancel at any time, even immediately and you can still keep the free 6 months and it’ll just stop when time is up without charging your card.

Fine print:

Residents of AR, MN, NC, and RI are ineligible to receive Student referral credit. Credits may take 7 days or longer to appear in your account after new member signup. Credits expire one year from date of issuance, are one-time use, are non-refundable, and can be redeemed only on items sold by Amazon on www.amazon.com.

Sign up for Amazon Student here. Get your own referral links here.

Capital One Quicksilver Cash Rewards Card Review – Simple 1.5% Cash Back

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The card_name is a cash back credit card that earns unlimited 1.5% cash back on all purchases.

  • $200 Cash Back after you spend $500 on purchases within 3 months from account opening. For a limited time, also enjoy a $100 credit to use towards flights, stays and rental cars booked through Capital One Travel during your first cardholder year.
  • Earn unlimited 1.5% cash back on every purchase, every day
  • 0% intro APR on purchases and balance transfers for 15 months; reg_apr,reg_apr_type APR after that; balance transfer fee applies
  • $0 annual fee and no foreign transaction fees.
  • Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel.
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn

Bottom line. The card_name is all about simple cash rewards with no gimmicks. No points, no miles, no travel credit, no rotating categories. No annual fee. You can cash out for any amount, at any time. Your rewards never expire and you can redeem for straight cash via check or statement credit.

Satellite TV Retention Department Employee On Haggling Discounts

One of my more popular posts is about Haggling To Lower Your Cable or Direct TV Satellite Bill. Looking at the stats, I would confidently estimate that hundreds of people have saved hundreds of dollars each after reading it and taking some action. Today, a call center worker in the Retention Department of a satellite TV company (Dish? DirecTV?) left some interesting thoughts that I didn’t want to get lost in the 135+ comments. I’ve quoted it below, unedited except for a few spaces to break things up.

I work for a satellite company, I wont say which one. and might I just say that if you are going to call in and do all this just to get money off of your bill at least be up front about it. The worst is when people call in and try to give some sob story about not being able to afford it when they have like the highest package but wont go down to a more affordable one. We have done this long enough to know who is “blowing smoke” so if you want the best deal just be nice (we in the retention department deal with mostly escalated situations as well as customer retention)

If you call in and just say “hey, I know you guys have a lot of good deals going on for different customers, is there anything you can do for me” I PROMISE You you will get the best deal.

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Free eBook on Small Business Tax Deductions (Expired)

(Update: Free promo is expired, it’s back at $9.99.) Just a quick note that there is a Kindle eBook about tax deductions for small businesses, including self-employed people, that is currently free called Small Business Tax Deduction Secrets by Stephen Nelson, CPA. The author participates in the Bogleheads investment forum under the username SeattleCPA.

I downloaded and skimmed the book briefly, and it does have helpful information for those looking to maximize qualified business expenses and deductions (as you should!). Free for a limited time, so as usual my advice is download now and read later! You can download software to read Kindle books on PC, Mac, smartphones, and tablets.