New York – Citi is launching a new no-annual-fee* credit card, Citi Rewards+SM, to provide cardmembers the ability to earn more points on everyday purchases—even the small ones.
Starting January 10, the Citi Rewards+ card is the only card that rounds up to the nearest 10 ThankYou® Points on every purchase (for example, a $2 coffee will earn 10 points) and provides cardmembers with 10 percent points back for the first 100,000 points redeemed per year. The card also offers 2 ThankYou Points for every $1 spent at supermarkets and gas stations for the first $6,000 per year and then 1 point per $1 spent thereafter as well as 1 ThankYou Point for every $1 spent on all other purchases.
In addition, new cardmembers will receive a bonus offer of 15,000 ThankYou Points after spending $1,000 in purchases within the first three months of account opening—redeemable for $150 in gift cards—as well as a low intro rate on purchases and balance transfers for 12 months*.
"We're excited to introduce a new card that truly turns everyday purchases into something bigger," said Chris Fred, Head of Proprietary Products, Citi Cards. "The unique and simple rewards structure is a game changer in rewarding customers for day-to-day purchases with its exclusive points round up and points back offering."
And with new Citi research showing that U.S. consumers make an average of 14 routine purchases a week—such as coffee or lunch—and only 28 percent are using a rewards credit card for those purchases (vs. 67 percent using cash), this card helps make the purchases consumers make most frequently more rewarding.
With Citi ThankYou Points, cardmembers can redeem their available points when they want and how they want on everything from gift cards to travel rewards, and statement credits to cash rewards. In addition, cardmembers can use their points for all or part of their purchase at participating Shop with Points partners like Amazon.com, Expedia.com, and LiveNation.com or for a statement credit at BestBuy.com and more. For more information on Citi ThankYou Rewards, visit www.thankyou.com.
Additional benefits of the Citi Rewards+ Card include:
For more information about the new Citi Rewards+ Card, please visit citicards.com on or after January 10.
2018 Citi Rewards+ Survey
The Citi Rewards+ Survey was conducted by Wakefield Research among 1,000 U.S. adults ages 18+, between December 11 and December 17, 2018, using an email invitation and an online survey. The margin of error was +/-3.1 percent.
* Introductory rate of 0 percent for 12 months from date of account opening on purchases and from the date of first transfer for balance transfers. After that, the standard variable APR for purchases and balance transfers is 15.74 percent to 25.74 percent, based on your creditworthiness. The standard variable APR for cash advances is 27.49 percent. The variable penalty APR is up to 29.99 percent, based on your creditworthiness. The variable APRs shown here are based on a 5.5 percent Prime Rate as of 12/28/2018. Minimum interest charge—$0.50. Fee for foreign purchases—3 percent of the U.S. dollar amount of each purchase. Balance transfer fee is either $5 or 3 percent of the amount of each transfer, whichever is greater. Cash advance fee is $10 or 5 percent of the amount of each cash advance, whichever is greater.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.
Jennifer Bombardier, Citi, 718.248.4652, firstname.lastname@example.org