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Citi Rewards+ card assessment – The Factors Man


Citi Rewards+® Card overview

The Citi Rewards+® Card is a no-annual-fee card that gives 2 factors per greenback at fuel stations and grocery shops, on as much as $6,000 per yr (and 1 level per greenback thereafter), in addition to two comparatively distinctive options. First, it rounds the earnings on all purchases as much as the closest 10 factors. Second, it offers you 10% again on the primary 100,000 factors you redeem yearly. Card score*: ⭐⭐⭐½

* Card score is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

The Citi Rewards+ Card is exclusive in that earnings on all purchases are rounded as much as the closest 10 factors. However there are additionally different points to the cardboard that may be helpful to pick cardholders — and it additionally simply added a brand new piece to its welcome bonus.

The Citi Rewards+ Card is nice if you happen to make many small purchases as a result of every buy will probably be rounded to the closest 10 factors. Even a 50-cent pack of gum will earn 10 factors.

Most cardholders will get essentially the most worth from their factors by redeeming them for present playing cards at a charge of 1 cent per level. However your rewards can develop into much more precious if you happen to even have the Citi Prestige® Card (not out there to new candidates) or Citi Premier® Card.

You’ll be able to mix the ThankYou Rewards factors earned in your Citi Rewards+ account with these from the Citi Premier or Citi Status after which switch them to the ThankYou Rewards program’s 16 airline and two hotel partners.

The knowledge for the Citi Status has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.

This card has no annual charge.

Let’s take a more in-depth take a look at this card so you may determine whether or not it could possibly be a precious addition to your pockets.

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Citi Rewards+ welcome provide

The Citi Rewards+ Card is providing a 20,000-point bonus after spending $1,500 within the first three months of account opening.

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Nonetheless, the sign-up bonus isn’t out there if you happen to’ve acquired a brand new cardmember bonus for any of the next playing cards — or if you happen to’ve closed any of those accounts — prior to now 24 months:

You’ll be able to redeem these 20,000 factors for $200 in present playing cards. However if you happen to even have the Citi Prestige or the Citi Premier, you may transfer factors out of your Rewards+ account to your Status or Premier account. Doing so permits you to switch your factors to airline companions, through which case the bonus is value $360, based on TPG’s valuations.

Associated: Not traveling for now? How to maximize your reward points on other redemptions

Incomes factors with the Citi Rewards+

The Citi Rewards+ Card usually earns 2 ThankYou factors per greenback spent at supermarkets and gas stations on the primary $6,000 per yr and 1 level per greenback thereafter. You’ll additionally earn 1 ThankYou level per greenback spent on all different eligible purchases.

Additionally, to coincide with the launch of Citi Travel with Booking.com, Citi Rewards+ cardholders can earn as much as 5 factors per greenback on bookings within the portal by way of June 30, 2024.

Retailers should classify themselves as a grocery store or fuel station so that you can earn 2 factors per greenback. So, on-line supermarkets, warehouse golf equipment, wholesale golf equipment, superstores, low cost shops, department shops and comfort shops could not present this incomes charge. The cardboard’s phrases and situations additionally explicitly exclude “gasoline bought for industrial functions or used for non-automobile functions” from incomes bonus factors, in addition to the next kinds of retailers:

“Basic merchandise/low cost superstores, freezer/meat locker provisioners, dairy product shops, miscellaneous meals/comfort shops, markets, drugstores, warehouse golf equipment, wholesale golf equipment, specialty distributors, bakeries, sweet shops, nut shops, confectionery shops, and meal package supply companies.”

Nonetheless, past these customary accrual charges, one of many Citi Rewards+ Card‘s promoting factors is that every one incomes is rounded to the closest 10 factors. For example, you might buy a $3 espresso at a restaurant and earn 10 factors. For those who use your card at a grocery store and make $42 in purchases, your incomes can be 84 factors (because it’s a 2-point-per-dollar class), then rounded as much as the closest 10, which is 90 factors whole.

Clearly, this rounding could possibly be exploited. Consequently, the cardboard’s phrases and situations explicitly prohibit “fraud, misuse, abuse, or suspicious exercise” that features “Utilizing your Card Accounts or Citibank Checking Account in an abusive method for the first objective of buying Factors.”

That stated, the Citi Rewards+ Card is completely designed for all your bills that occur to be small. Certainly, all grocery store and fuel station purchases of $5 and underneath and all different purchases of $10 and underneath will earn 10 factors. To maximise your incomes whereas spending usually, think about your threshold for utilizing the Citi Rewards+ Card in every spending class. This will probably be based mostly on the opposite bank cards you have got.

For instance, let’s see how your incomes would stack up for some pattern purchases when you have the Citi Premier and the Citi Rewards+ (word that that is based mostly on customary incomes charges and doesn’t consider limited-time bonuses).

Buy Utilizing the Citi Premier Utilizing the Citi Rewards+
$2 espresso at a fuel station. 6 factors (3 factors per greenback). 10 factors (2 factors per greenback, rounded up).
$16 of fuel at a fuel station. 48 factors (3 factors per greenback). 40 factors (2 factors per greenback, rounded up).
$2 espresso at a restaurant. 6 factors (3 factors per greenback). 10 factors (1 level per greenback, rounded up).
$6 burrito at a restaurant. 18 factors (3 factors per greenback). 10 factors (1 level per greenback, rounded up).
50-cent pack of gum at a grocery retailer. 1.5 factors (3 factors per greenback). 10 factors (2 factors per greenback, rounded up).
$16 grocery retailer buy. 48 factors (3 factors per greenback). 40 factors (2 factors per greenback, rounded up).
50-cent public transit ticket. 0.5 factors (3 factors per greenback). 10 factors (1 level per greenback, rounded up).
$4 public transit ticket. 4 factors (1 level per greenback). 10 factors (1 level per greenback, rounded up).

So, if you happen to solely have the Citi Premier and the Citi Rewards+, you’ll at all times need to use the Premier for grocery and most restaurant purchases. For all different classes, you’ll need to use the Rewards+ for small purchases and the Premier for larger purchases — you simply want to seek out the break-even level for every spending class.

Associated: The best cash-back credit cards for each bonus category

Redeeming factors with the Citi Rewards+

The factors earned by the Citi Rewards+ Card are thought-about “fundamental” Citi ThankYou points you can redeem at Amazon or Finest Purchase for purchases at lower than 1 cent every. Alternatively, redeeming present playing cards at 1 cent every is a greater choice.

As well as, once you redeem your factors, you’ll receive 10% points back for the primary 100,000 factors redeemed per calendar yr. Which means that if you happen to redeem 10,000 factors in a yr, you’ll obtain 1,000 of these factors again.

However if you happen to even have the Citi Prestige or the Citi Premier, you may transfer factors out of your Citi Rewards+ account to your Status or Premier account and switch them to companions corresponding to Avianca LifeMiles and Etihad Guest. This will increase the worth of the factors you earn with the Citi Rewards+ from 1 cent every to approximately 1.8 cents each.

Associated: How to redeem Citi ThankYou Points for maximum value

Citi Rewards+ advantages

Being a no-annual-fee card, the Citi Rewards+ Card doesn’t provide many perks. Its important enchantment is the way it accrues factors (which we’ll cowl in a second).

Nonetheless, the cardboard is ready up for contactless payment with the intention to faucet and go. You’ll additionally get entry to Citi Concierge and Citi Entertainment, each of which may present helpful help.

You received’t need to use the Citi Rewards+ Card when touring overseas for the reason that card levies a 3% foreign transaction fee.

Associated: The best no-annual-fee credit cards

Which playing cards compete with the Citi Rewards+?

No different playing cards spherical up your earnings to the closest 10 factors or provide you with a blanket rebate on the factors you redeem, so there’s no direct competitor. However, the Citi Rewards+ Card must be in contrast in opposition to different no-annual-fee credit cards.

For extra choices, take a look at our full list of no-annual-fee cards.

Learn extra: Why you should double down with the Citi Premier and Citi Rewards+

Is the Citi Rewards+ value it?

The Citi Rewards+ Card could be a sensible choice if you happen to make small purchases continuously or profit from a ten% return on redeemed factors, particularly when you have a Citi Status or Citi Premier that may enhance the worth of the ThankYou factors earned by the Rewards+ Card. I wouldn’t advocate it as your sole bank card, although.

Backside line

Whereas the Citi Rewards+ provides some issues, different playing cards with no annual fee present that uncapped bonus incomes within the supermarket or gas classes (or each) or higher incomes on everyday spending.

Apply right here for the Citi Rewards+ Card with a 20,000-point sign-up bonus after you spend $1,500 on purchases along with your card inside the first three months of account opening.

Extra reporting by Ryan Wilcox and Joseph Hostetler.


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