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Citi Introduces New No Annual Fee Citi Rewards+℠ Card, Accelerating Points-Earning Potential on Everyday Purchases

January 3, 2019

NEW YORK--(BUSINESS WIRE)--Jan 3, 2019--Citi is launching a new no annual fee 1 credit card, Citi Rewards+ ℠, to provide cardmembers the ability to earn more points on everyday purchases – even the small ones.

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The new Citi Rewards+ Card rewards customers for day-to-day purchases. (Graphic: Business Wire)

Starting January 10, the Citi Rewards+ card is the only card that rounds up to the nearest 10 ThankYou ® Points on every purchase (for example, a $2 coffee will earn 10 points) and provides cardmembers with 10% points back for the first 100,000 points redeemed per year. The card also offers 2 ThankYou Points for every $1 spent at supermarkets and gas stations for the first $6,000 per year and then 1 point per $1 spent thereafter as well as 1 ThankYou Point for every $1 spent on all other purchases.

In addition, new cardmembers will receive a bonus offer of 15,000 ThankYou Points after spending $1,000 in purchases within the first 3 months of account opening – redeemable for $150 in gift cards – as well as a low intro rate on purchases and balance transfers for 12 months 1.

“We’re excited to introduce a new card that truly turns everyday purchases into something bigger,” said Chris Fred, Head of Proprietary Products, Citi Cards. “The unique and simple rewards structure is a game changer in rewarding customers for day-to-day purchases with its exclusive points round up and points back offering.”

And with new Citi research showing that U.S. consumers make an average of 14 routine purchases a week – such as coffee or lunch – and only 28% are using a rewards credit card for those purchases (vs. 67% using cash), this card helps make the purchases consumers make most frequently more rewarding.

With Citi ThankYou Points, cardmembers can redeem their available points when they want and how they want on everything from gift cards to travel rewards, and statement credits to cash rewards. In addition, cardmembers can use their points for all or part of their purchase at participating Shop with Points partners like Amazon.com, Expedia.com, and LiveNation.com or for a statement credit at BestBuy.com and more. For more information on Citi ThankYou Rewards, visit  www.thankyou.com.

Additional benefits of the Citi Rewards+ Card include:

Access to presale tickets and VIP experiences for thousands of events each year through Citi Private Pass Trip Cancellation and Interruption Protection Worldwide Car Rental Insurance Worldwide Travel Accident Insurance Damage & Theft Protection Extended Warranty 90 Day Return Protection

For more information about the new Citi Rewards+ Card, please visit citicards.com on or after January 10 th.

2018 Citi Rewards+ Survey

The Citi Rewards+ Survey was conducted by Wakefield Research among 1,000 U.S. adults ages 18+, between December 11 and December 17, 2018, using an email invitation and an online survey. The margin of error was +/-3.1%.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

View source version on businesswire.com:https://www.businesswire.com/news/home/20190103005381/en/

CONTACT: Media:

Jennifer Bombardier, Citi, 718.248.4652,jennifer.bombardier@citi.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: OTHER CONSUMER PROFESSIONAL SERVICES BANKING FINANCE RETAIL OTHER RETAIL CONSUMER

SOURCE: Citi

Copyright Business Wire 2019.

PUB: 01/03/2019 09:00 AM/DISC: 01/03/2019 09:01 AM

http://www.businesswire.com/news/home/20190103005381/en

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