Well I finally applied for the very popular Citi Dividend cash-back card, after I got one of them “Pre-Approve” offers in the mail. Citi’s been sending me those PremierPass offers for quite awhile now, but I wanted the Dividend’s 5% cash back on gas and groceries (and 1% for everything else).

I applied for the card on July 1st and an inquiry showed up on my Experian credit report on July 2nd.

Although I have not received the approval letter yet, I believe I’m approved because Citi has initiated the balance transfer I requested when I applied for the card. I”ll be utilizing the temporary 0% offer to put some cash into a high-yield online savings account.

Even with the $300 cash-back reward cap, this still sound like a pretty decent card. As soon as the balance transfer is paid off, I’ll be charging my gas and grocery purchases on this! Maybe I’ll get to enjoy more free money, just like Jonathan from MyMoneyBlog.