Citi Forward Card Bonus & Rewards Follow-up: 5x Rewards at Restaurants and Amazon.com
I promised to follow-up on the features of the Citi Forward card after getting mine, and am finally getting around to it. Read on to see how you can get a $100 gift card and also 3.45% cash back with this card at restaurants, Amazon.com, and more.
Sign-Up Bonus
New cardholders get 6,000 bonus ThankYou points after $250 in purchases made within 3 months. In addition, you get another 5,000 points for choosing paperless statements within 3 months.
The 11,000 bonus ThankYou points showed up promptly. I signed up for paperless statements immediately, and received the 5,000 points on my very first statement. I made the required $250 in purchases during the first month (showed up on the first statement), and received the 6,000 points on my second statement.
5x ThankYou Points
This card works off the same ThankYou points system as many other Citibank cards. 10,000 points = $100 gift card at stores like Sears, Macy’s, Staples, Old Navy, Gap, etc. 12,700 points = $100 towards a student loan or mortgage payment. 14,000 points = $100 prepaid Visa credit card. 14,500 points = $100 statement credit.
What makes this card unique is that you get 5 points for every $1 you spend on books, movies, music, and at restaurants. On everything else, you get the plain vanilla 1 reward point for every $1 spent. No annual fee.
5x Rewards at Restaurants
Again, at 1 penny per point with gift cards, getting 5x points is like getting 5% back when eating out. Even if you convert to straight cash, that’s still 3.45% cash back at restaurants (5/1.45). Or 3.57% back if you are okay with prepaid Visa card, which I am since they are usable anywhere that takes credit cards.
I have gotten my 5x rewards at fast food restaurants (McDonald’s), chain sit-down restaurants (Chili’s, etc), and also mom-and-pop places.
5x Rewards at Amazon.com
I can also officially confirm that Amazon.com is considered a bookstore. This is true even if your entire purchase (or any of it) did not contain books. I made one purchase with books, and one with only electronics, and got 5x points for both. So you can indeed get 3.45% cash back at Amazon, or 5% back in the form of gift cards.
The 5x points show up separately under the “Bonus Points by Category Earned” on your online statement:
I can also confirm it works at Regal movie theaters. I have this card stored online at my Amazon account so I don’t forget, and it’s in my wallet marked for restaurants only. Makes it easy to track my dining-out budget!
Find more in Credit Cards, Deals & Offers | 7/3/09, 5:36am | Trackback
July 3rd, 2009 at 6:33 am
Does this allow you to get a gift card to Amazon?
July 3rd, 2009 at 7:02 am
Can I get this card if I already have a Citi card?
July 3rd, 2009 at 7:15 am
I’ve had luck with Chase with converting one card to another type by calling them up. I’m guessing Citibank might be the same way.
July 3rd, 2009 at 7:21 am
I’ve started using this card a lot since they Nerf’d my Chase Freedom. I really wish they offered Amazon gift cards, though, as that’s the only place I shop at these days.
July 3rd, 2009 at 7:34 am
If not Amazon, how about Target? None of the stores mentioned in the article are of much use for me.
July 3rd, 2009 at 10:25 am
Will eReader.com (ebooks) considered as a bookstore?
July 3rd, 2009 at 10:31 am
I just got this card last week and can confirm the 5,000 bonus on my first statement for paperless statements. This seems to be one of the best cash rebate cards out there right now.
Tommy, I had 2 other Citi cards when I applied for this, and they gave it to me anyway.
July 3rd, 2009 at 2:51 pm
I wish they had amazon gift cards too, but overstock.com has a lot of the same stuff unless you read a lot.
“Can I get this card if I already have a Citi card?”
Yes, I have the MTVu (basically the same card) from Citi (only had it for a little over 6 months) and I still got approved for this. The good thing is you can combine the thank you points from all your citi accounts into one thank you points account.
July 3rd, 2009 at 3:41 pm
It seems that using Mortgage Payment reward is like cash for those of us who have mortgage but the effective rates are better: $250 = 3.98%, $75 = 3.95%, $50 = 3.91%. Here’s analysis I did to see the value of TY points (I only included store cards that could be of use to me, ordered by points value from 5% down to 3.13%):
Staples® Gift Card $100 $100 10000 $0.0100 5.00%
Sears Gift Card $100 $100 10000 $0.0100 5.00%
Best Buy Gift Card $50 $50 6000 $0.0083 4.17%
The Home Depot® Gift Card $50 $50 6000 $0.0083 4.17%
Bed Bath and Beyond® Gift Card $50 $50 6000 $0.0083 4.17%
Mortgage Payment reward $250 $250 31400 $0.0080 3.98%
Mortgage Payment reward $75 $75 9500 $0.0079 3.95%
Mortgage Payment reward $50 $50 6400 $0.0078 3.91%
$250 Statement Credit $250 35000 $0.0071 3.57%
Citi® Gift Card $100 $100 14000 $0.0071 3.57%
Citi® Gift Card $50 $50 7000 $0.0071 3.57%
$175 Statement Credit $175 25000 $0.0070 3.50%
$100 Statement Credit $100 14500 $0.0069 3.45%
$50 Statement Credit $50 7500 $0.0067 3.33%
$50 Cash Reward $50 8000 $0.0063 3.13%
$100 Cash Reward $100 16000 $0.0063 3.13%
July 3rd, 2009 at 6:40 pm
If you convert an existing credit card to another credit card type, then you will not receive any of the bonuses or promotional offers (those are soley for new applicants to the new card type). I’ve experienced this with at least Chase; where if I convert, I do not receive promotional bonuses or rewards. My QUESTION: If i buy an item that is not shipped from or sold by amazon (but is listed on amazon.com website), how will purchase appear on my credit card and would it count as a bookstore purchase??? [e.g. $51.95 Ships from and sold by Beautiful Perfumes, but I log in at amazon to make purchase] P.S. Thanks Sergei.
July 4th, 2009 at 12:37 pm
Does iTunes count as movies and music for the purposes of the 5x rewards for movies and music? That’s where I get all of my music/movies from these days, unless I got to a theater (rare)
July 5th, 2009 at 5:40 am
OT. I always pay my AE in full each month. However, I’ve received an offer to enroll in flexible payment. It says enrollment is free and I’ll receive 5000 bonus points for doing so. Has any reader enroll wit this offer? Is there a catch or hiden costs?
TIA for the info.
July 5th, 2009 at 10:22 am
AARGH. When did they change the conversion rates for student loans?! I bet they hid it in some fine print on some courtesy checks they sent me or something sly like that. It used to be 5,000=$50, 10,000=$100 on student loan rebates. Jerks.
July 5th, 2009 at 5:46 pm
Wow, thank you, I was just thinking of trawling into the archives looking for this card. Also, please consider giving your readers a heads up to the slickdeals and co. front page deal for the $250 Chase Saphire plus credit card, I just got approved
July 5th, 2009 at 11:07 pm
Teri - I have gotten the 5x bonus from amazon marketplace and half.com transactions - amazon or half is still the intermediary and is listed as the seller on my account statements.
also, I have gotten the 5x bonus at many bars, which are often considered eating establishments or serve food and citi does not notice the difference.
As Jonathan mentioned in the earlier post, there’s also a nice student loan option TY reward if you make more than your total loan value.
July 8th, 2009 at 1:59 pm
Does netflix give you 5x points as well?
July 9th, 2009 at 8:35 am
Hi, just wanted to let people out there know that Citi blocks Linux users from accessing their site. They do let us _apply_ for the card, but block access to login and manage the account. Despicable.
They are such an evil entity that it doesn’t just look at the User Agent string (which can be easily fixed), but they run a flash program to check the OS. Who knows what data/program the flash program does on your machine…
No wonder they are doing so poorly. They got what they sow.
BTW, great site. Keep it up.
July 9th, 2009 at 3:58 pm
They also give (or did when I signed up) 100 points each month you pay on time.
July 9th, 2009 at 6:00 pm
“Hi, just wanted to let people out there know that Citi blocks Linux users from accessing their site. They do let us _apply_ for the card, but block access to login and manage the account. Despicable.
They are such an evil entity that it doesn’t just look at the User Agent string (which can be easily fixed), but they run a flash program to check the OS. Who knows what data/program the flash program does on your machine…
No wonder they are doing so poorly. They got what they sow.
BTW, great site. Keep it up.
Now they don’t. Firefox on linux doesn’t work very well with it. Opera on linux will work, I also use yodlee moneycenter and the auto login works with the site
July 9th, 2009 at 6:34 pm
I use firefox on citibank’s credit card site with Linux and flashblock. I guess that might be why it works for me with no issue. I have never tried it on Linux without flash block.
July 17th, 2009 at 8:00 pm
[...] 5x Rewards on Books = 5% back at Amazon Here’s an interesting question. Who’s the most popular bookstore? Amazon.com. With the Citi mtvU card for college students, the 5% back on books worked on all purchases at Amazon, even if it wasn’t 100% books, since they really have no way of telling. Update: I have verified 5x points at Amazon.com. [...]
July 17th, 2009 at 8:23 pm
great blog thanks for all your great info. good luck
July 21st, 2009 at 12:26 pm
Does anyone know if 5x Rewards are redeemed for purchasing movie tickets off of Fandango.com?
August 22nd, 2009 at 12:33 am
I know that Citibank has recently lowered its bonus points. They still give 6000 thankyou points after $50 in purchases within 3 months of account opening, plus 100 points each billing period when you pay on time and stay under your credit line; But, only 2500 points when you sign up for paperless statments within 3 months of account opening. But, earn 10 reward points on every dollar at restaurants, fast food, bookstores, record stores, movie theaters, and video rental stores for first 3 months; then it goes to 5 points thereafter…and 1 point for every $1 on other purchases!
August 31st, 2009 at 7:51 pm
@SavingEverything It’s weird, I just checked the citi cards website and the offer is still 5,00 thanks you points when you sign for paperless statements…
October 19th, 2009 at 1:40 pm
Does anyone know if you get 5x with AmazonFresh.com? Its the grocery delivery service which Amazon.com offers.
October 22nd, 2009 at 2:40 pm
I was initially under the impression that if you make at least $50 dollars of purchase that are qualified for the 6000 points according to citiforward.com website but on the citicards.com website it says $250 of purchases. Which is it? I was under the impression that its only 50 bucks thats one of the reasons I applied for it.
Is it possible that I can do a balance transfer from my other mtvU citi credit card and apply those previous purchases to my new citiforward card so that it will reach $250.00 of purchases? Is that a smart idea or mistake?
October 22nd, 2009 at 5:02 pm
@creditconsumer - From what I can tell, It used to be $50 for both sites, and was recently changed to $250. It all depends on what the website said when you actually applied. It may be possible to ask Citi which offer you are under.