Looking for a rewards credit card with no annual fee and the ability to earn points for every dollar spent? Citi currently offers two rewards cards with these common benefits as well as additional perks that give consumers a choice to pick the right card for their lifestyle. Called the Citi ThankYou® Card, this rewards card comes in three different versions:
The two versions of this card share core features, the most important of which are the following:
Earn 1 ThankYou Point for every $1 you spend on all purchases: With these cards you don’t have to worry about opting into special spending categories each quarter or keep track of different rewards for different purchases. It’s simple. You earn 1 point for every $1 spent on purchases.
No annual fee: Citi has managed to pack a lot of rewards into this card without charging an annual fee.
Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more: The fact that you can redeem your ThankYou Points for cash is a significant benefit. But you can also use the rewards for just about anything.
No expiration and no limit on the points you can earn: You can be happy knowing every dollar you spend is working for you (not just some of them) and you don’t have to worry about losing your points.
A note of caution: you will need excellent credit to qualify for each of these cards.
Differences Between the Card Options
The differences between the two versions revolve around two features: (1) bonus rewards, and (2) 0% introductory APRs. Basically, the more in gift card bonuses you want, the less 0% introductory rate you’ll get. At one extreme, you can earn $150 in bonus gift cards, but you get no 0% offer. On the other extreme, you can snag a 0% introductory APR for 15 months* on purchases and balance transfers, but you get no bonus gift cards.
Here are the details:
- Citi ThankYou® Preferred Rewards Card: Get $150 in gift cards after you make $1,000 in purchases within the first 3 months after account opening; no 0% introductory APR.
- Citi ThankYou® Card: No bonus gift cards, but 0% introductory APR on balance transfers and purchases for 15 months*.
Citi ThankYou® Card Details
Here are the details of each card, along with a link to Citi’s official website where you can get more details and apply for a card:Citi ThankYou® Card
If you like the idea of earning points no matter how much you spend or where and don’t want to pay an annual fee, both of these cards is worth a look. The right card for you will depend on which specific feature (e.g. balance transfers, bonuses) is most important to you.