Citi Rewards+® Card full review
Discovering the way to unlock the card may pose a challenge, yet once achieved, it holds the potential to provide you with a substantial sum of cashback. Uncover the possibilities today!
Discover the Unique Features of the Citi Rewards+® Card
The Citi Rewards+® Card offers a unique feature known as the round-up feature, which sets it apart from other cards in the market. This feature automatically rounds up the number of points you earn for each purchase to the next highest multiple of 10.
While this is an intriguing benefit that can result in bonus points, it’s important to determine if it makes the card worthwhile or if it’s just a gimmick. The frequency of card usage and your intentions for using the points will determine the card’s value to you.
In this article, we will provide all the necessary information about the Citi Rewards+® Card to help you make an informed decision.
How Does the Citi Rewards+® Card Work?
The Citi Rewards+® Card offers various reward rates:
- Earn two ThankYou Points for every $1 spent on the first $6,000 in annual spending at supermarkets and gas stations.
- Earn one ThankYou Point for every $1 spent on all other qualified purchases.
- Get one ThankYou Point for the first 12 months after activating your account, and five ThankYou Points for the first $6,000 spent at restaurants for a limited time.
Every purchase made with the Citi Rewards+® Card will be rounded up to the nearest multiple of 10 points, with no limit.
Additionally, you’ll receive 10% back in points for the first 100,000 ThankYou® Points you redeem each year. To welcome new cardholders, the Citi Rewards+® Card also offers 20,000 bonus points after $1,500 in purchases are made within three months of opening the account. These points can be redeemed for $200 worth of gift cards at thankyou.com.
How Can You Redeem Points Earned with the Citi Rewards+® Card?
The value of the points you earn with the Citi Rewards+® Card will vary depending on how you choose to redeem them. Here are the different redemption options:
- Statement credit: Your points are worth a penny each when redeemed as a statement credit, with a minimum requirement of one cent.
- Cash back: You can receive cash back by requesting a check, with each point worth one cent. There is a $5 minimum requirement, and the checks are valid for 180 days.
- Mortgage payment or student loan repayment: When using your points for a mortgage payment or student loan repayment, each point is worth one cent. This redemption option must be done over the phone by contacting a Citi representative.
- Travel: Points redeemed for travel through the ThankYou Travel Center generally have a value of one cent. However, there is a $23 fee for redeeming points for air travel through the ThankYou Travel Center.
- Shop With Points: You can make direct purchases at select businesses using your points through the Shop With Points program. While the value of each point is less than one cent, you will receive a bill credit for using your points at specific online retailers.
- Gift cards: Redeeming points for gift cards through the ThankYou Center typically values each point at approximately one penny.
- Transfer to travel partners: If you have a qualifying premium card, such as the Premier or the Prestige, you have the option to transfer ThankYou Points to one of Citi’s travel partners.
Benefits of the Citi Rewards+® Card
Impressive Rewards Rates
The Citi Rewards+® Card offers competitive reward rates, as mentioned in our review. It provides the opportunity to earn more points on your everyday spending.
0% Introductory APR Offer
If you have high-interest credit card debt, transferring it to the Citi Rewards+® Card can save you money and help you pay off your debt faster. The card offers a 15-month introductory period with a 0% introductory APR on balance transfers starting from the day of your first transfer. Additionally, you’ll enjoy a 15-month 0% APR period on new purchases made with the card.
Round-Up Points
The Citi Rewards+® Card is the only credit card that automatically rounds up every purchase to the nearest 10 points. This feature can significantly boost your point earnings, especially on small purchases. For example, a $2 or $4 purchase will be rounded up to 10 points, which translates to approximately $0.10 in value when redeemed.
How to Apply for the Citi Rewards+® Card
If you’re interested in applying for the Citi Rewards+® Card, refer to our article on how to apply for the card for a step-by-step guide.
