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If you’re a Citi ThankYou Rewards fan, there’s a new card that might interest you. The Citi Rewards+ Mastercard debuts January 10, 2019. It’s doesn’t have an annual fee and you can earn point roundups on small purchases. You will earn 2 points per $1 (on the first $6,000 annually, then 1 point per $1 after) at supermarkets and gas stations. You’ll also earn an unlimited 1 point per $1 on all non-bonus categories.
Citi hasn’t posted the exact point redemption values for this new card. But, you will be able to redeem your points for travel rewards, gift cards, and select online retail partners. Because this card doesn’t have an annual fee, don’t plan on having access to the Citi airline transfer partners that you get with the Citi Prestige and the ThankYou credit cards that charge an annual fee.
However, you can transfer your ThankYou points to JetBlue.
Citi Rewards+ Rounds Up All Odd Purchase Rewards
The main draw for the brand new Citi Rewards+ is point roundups on small purchases to the nearest 10 ThankYou points. This bonus is for every purchase regardless of the purchase amount.
Here are a few examples of how the spending roundup works:
- $3 coffee purchase: 10 ThankYou Points (3 base points plus 7 roundup points)
- $12 lunch purchase: 20 ThankYou Points (12 base points plus 8 roundup points)
- $27 gasoline purchase: 60 ThankYou Points (54 base points plus 6 roundup points)
While other rewards credit cards only give you the normal purchase rewards for each dollar you spend, Citi gives you the applicable purchase rewards and gives you up to 9 extra points. Your points balance will always end in zero.
One reason Citi is offering spending roundups is to help you maximize the value of small purchases. According to Citi’s research, Americans make 14 routine purchases each week but only use a rewards credit card for 28% of these daily purchases. Citi hopes these purchase reward roundups will entice you to use the Rewards+ card instead of cash.
Get 10% of Your Redeemed ThankYou Points Back
Each year, you can get 10% of the first 100,000 points you redeem back for future redemptions. Maxing out this redemption bonus puts 10,000 points back into your pocket. This bonus is worth another $100 in rewards.
You will earn this bonus regardless of how you redeem your ThankYou points. Once again, some redemption options include:
- Gift Cards
- Travel Rewards
- Shop with Points at Select Online Partners
- Online Bill Pay
The maximum value for each point is going to be 1 cent each. Including the 10% redemption bonus makes each point worth 1.1 cents each. Although there are multiple redemption options, you should still keep your points for the most valuable redemption options.
Earn the 15,000 ThankYou Points Signup Bonus
New cardmembers also earn 15,000 ThankYou points after spending $1,000 in the first three months. According to Citi, these bonus points are worth $150 in gift card rewards.
There is also a low introductory rate on purchases and balance transfers for the first 12 months.
Other Citi Rewards+ Benefits
As a Citi ThankYou cardholder, you can also enjoy these Citi travel benefits:
- Citi Private Pass access to ticket presales and VIP experiences
- Trip Cancellation and Interruption Protection
- Worldwide Car Rental Insurance
- Worldwide Travel Accident Insurance
- Damage and Theft Protection
- Extended Warranty
- 90 Day Return Protection
You probably won’t apply for the Rewards+ specifically for these benefits. But, they are worth keeping in mind.
Should You Apply For The Citi Rewards+?
The newest addition to the Citi ThankYou family can be a worthy addition for these reasons:
- You want a no annual fee rewards credit card
- Prefer purchase reward roundups and 10% redemption bonus
- Want to maximize your grocery and gas station purchases
- Have other Citi credit cards that earn ThankYou points
If you currently pay for your small purchases with cash or debit, this card is one of the best for small purchases.
The rewards point roundups and 10% redemption bonus are the two most valuable benefits of this card. The fact that you don’t pay an annual fee and the Rewards+ is a Mastercard with near-universal acceptance means it can be your new primary or secondary credit card.
But, other rewards credit cards can still offer better purchase rewards and redemption options. And, you don’t have to pay an annual fee.
Blue Cash Everyday Card from American Express (Expired)
One of the most similar alternates to the Citi Private+ is the Blue Cash Everyday® Card from American Express.
You don’t get the spending roundups, but you can enjoy higher purchase rewards if you prefer cash rewards:
- 3% back at U.S. grocery stores (on the first $6,000 per year, then unlimited 1% back)
- 2% back at U.S. gas stations and select U.S. department stores
- 1% back on all remaining purchases
It’s possible to redeem your cash rewards for statement credits, gift cards, and online shopping credits. Also, the current welcome bonus is the ability to earn a $150 statement credit with the same $1,000 spending requirement in the first three months.
American Express EveryDay Credit Card
Another “apples-to-apples” comparison is the American Express EveryDay Credit Card. It too doesn’t charge an annual fee. But, you can enjoy a monthly purchase rewards roundups.
With this card, you also earn the coveted American Express Membership Rewards points that are redeemable for travel and gift card rewards. Plus, you can also transfer them to the 1:1 airline and hotel transfer partners that include JetBlue, Delta, British Airways Avios, and Emirates.
When you make at least 20 card purchases each month, you get a 20% boost on all the points you earn for the month. Depending on your spending habits, that can be more beneficial than the Rewards+.
Also, you earn 2x points on the first $6,000 spent at U.S. supermarkets (then unlimited 1% back). All other purchases earn unlimited 1 point per $1.
Wells Fargo Propel (Expired)
The information related to Wells Fargo Propel American Express® Card has been collected by Johnny Jet and has not been reviewed or provided by the issuer or provider of this product or service.
If you’re after travel rewards, the Wells Fargo Propel American Express® Card might be the best option of these three alternates.
Once again, you don’t pay an annual fee. There are more bonus purchase rewards as you earn unlimited 3% on the following purchases:
- Gas, Rideshares, and Transit
- Popular Streaming Services
You can redeem your points for travel, cash, and gift cards. In most cases, your points are worth 1 cent each, but they are worth 1.5 cents each when redeemed for travel. That’s 50% more than the normal cash redemption rewards.
The Citi Rewards+ is available starting January 10, 2019. It doesn’t charge an annual fee and your “odd” purchase rewards roundup to the nearest 10 points. You also get a 10% redemption bonus. You can redeem your points for travel, cash, or gift cards. This card can help you maximize your daily spending, namely small dollar purchases.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.