The Citi Rewards+ Credit Card is a unique rewards card that stands out for its automatic point rounding feature, which rounds up the points you earn to the nearest 10 on every purchase.
This innovative system makes it an ideal option for those who frequently make small purchases, as it helps accumulate points faster than traditional rewards programs.
In addition, the card offers a 0% introductory APR on purchases and balance transfers for a limited period, making it an attractive choice for those looking to finance a large purchase or consolidate debt without immediately incurring interest charges.
Another key benefit is the lack of an annual fee, ensuring that cardholders can earn rewards without worrying about additional costs.
Reasons to Choose the Citi Rewards+ Credit Card
There are several compelling reasons to consider applying for this card:
- Unique Points Rounding Feature: Every purchase is rounded up to the nearest 10 points, increasing your reward potential. Even a $1 purchase will earn 10 points instead of just 1.
- Generous Welcome Bonus: Citi often offers a sign-up bonus after meeting a minimum spending requirement within the first few months.
- No Annual Fee: Many rewards cards charge an annual fee, but this one allows you to accumulate points without an extra cost.
- 0% Introductory APR: The promotional 0% APR applies to both purchases and balance transfers for a specific period, providing financial flexibility.
- 10% Points Rebate: Every year, you receive 10% of the points you redeem back, up to a certain limit, helping to extend the value of your rewards.
- Flexible Redemption Options: Points can be used for travel, gift cards, statement credits, and more, offering great versatility.
- Security and Fraud Protection: Citi offers zero-liability fraud protection, identity theft assistance, and account monitoring tools for added security.
These benefits make the Citi Rewards+ Credit Card an excellent option for those who make frequent, small purchases and want a simple, effective way to maximize rewards.
Additional Benefits of the Citi Rewards+ Credit Card
Beyond the main features, the card offers several additional perks that enhance the user experience:
- Extended Warranty Protection: Purchases made with the card may be eligible for extended warranty coverage beyond the manufacturer’s warranty.
- Purchase Protection: Eligible purchases are covered against damage or theft for a limited period.
- Digital Wallet Compatibility: The card can be used with mobile payment options like Apple Pay and Google Pay for added convenience.
- Contactless Payment: Cardholders can make quick and secure payments simply by tapping their card at checkout.
- Access to Citi Entertainment: Special access to presale tickets and exclusive experiences for concerts, sporting events, and more.
These additional benefits add value beyond just earning rewards and can be useful in everyday life.
Negative Factors of the Citi Rewards+ Credit Card
Despite its attractive features, this card also has some downsides to consider:
- Foreign Transaction Fees: The card charges a fee (typically around 3%) for international transactions, making it a poor choice for frequent travelers.
- Limited Transfer Partners: Unlike other Citi credit cards, this one has fewer options for transferring points to travel partners.
- Lower Redemption Value for Travel: The value of points when redeemed for travel may not be as high as with other Citi cards.
- No Premium Travel Perks: The card lacks benefits such as lounge access, free checked baggage, or travel insurance.
- Cap on the 10% Points Rebate: While the ability to get 10% of your points back is beneficial, it has a set limit per year.
- No Bonus Categories: Many rewards cards offer higher earnings on categories like dining, gas, or groceries, but this card does not.
For users who travel frequently or want a premium rewards experience, other Citi cards, such as the Citi Premier® Card, may be a better fit.
What Are the Requirements to Apply for the Citi Rewards+ Credit Card?
To be eligible for this card, applicants typically need to meet the following criteria:
- Age Requirement: Must be at least 18 years old (or 21 in some states).
- Credit Score: A good to excellent credit score (typically 670 or higher) is recommended.
- Income Verification: Applicants may need to provide proof of income to demonstrate financial stability.
- U.S. Residency: Must have a valid U.S. address and Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
- Approval Criteria: Citi considers factors such as credit history, current debt levels, and existing Citi accounts.
While pre-qualification is available, it does not guarantee approval, as the final decision depends on a thorough credit evaluation.
Fees and Costs
Understanding the costs associated with the Citi Rewards+ Credit Card is essential before applying. Here are the key fees:
- Annual Fee: $0
- Purchase APR: 0% introductory APR for a set period, then a variable APR applies.
- Balance Transfer Fee: A percentage-based fee applies to balance transfers.
- Foreign Transaction Fee: Around 3% for international purchases.
- Late Payment Fee: A penalty may apply for missed payments.
- Cash Advance Fee: Charged when withdrawing cash using the credit card.
These costs should be considered, particularly for those who travel internationally or carry a balance beyond the introductory period.
Frequently Asked Questions
Is the Citi Rewards+ Credit Card a good choice?
Yes, especially for those who make frequent small purchases, as the rounding-up feature helps earn more points effortlessly.
Can I transfer my points to travel partners?
Yes, but the selection of transfer partners is more limited compared to other Citi rewards cards.
Does this card offer travel benefits?
While it provides basic travel protections, it lacks premium benefits and charges foreign transaction fees, making it less ideal for international travelers.
How does the 10% points rebate work?
Each year, you receive 10% of the points you redeem back, up to a certain limit, allowing you to stretch your rewards further.
Does the card provide purchase protection?
Yes, eligible purchases are covered against damage or theft for a limited period.
Can I combine my Citi ThankYou® points with other Citi cards?
Yes, if you have other Citi ThankYou® rewards cards, you can combine points to maximize redemption options.
Conclusion
The Citi Rewards+ Credit Card is a great choice for those who want a no-annual-fee rewards card with a unique rounding-up feature that boosts earnings on small purchases.
It is especially beneficial for everyday spending, as points accumulate faster than with traditional rewards cards.
However, it may not be the best choice for frequent travelers, as it lacks premium travel benefits and charges foreign transaction fees.
Those seeking more travel flexibility may find greater value in alternatives like the Citi Premier® Card.
Overall, for domestic shoppers looking for a simple and rewarding credit card, the Citi Rewards+ Credit Card is an excellent option that provides value without added costs.
