Citi Rewards+ Card Review: 20,000 Bonus Points + 5X Restaurants Offer, 0% Intro APR on Purchases for 15 Months

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Update: The Citi Rewards+® Card has removed this restriction from their application terms (please confirm yourself):

Bonus ThankYou® Points are not available if you received a new cardmember bonus for Citi Rewards+®, Citi ThankYou® Preferred, Citi ThankYou® Premier/Citi Premier(SM) or Citi Prestige®, or if you have closed any of these accounts, in the past 24 months.

Combined with the limited-time offer of 20,000 bonus ThankYou points + 5X ThankYou points on restaurants (up to $6,000 purchases in the first 12 months, for a max of 30,000 ThankYou points), this looks like a good way to rack up some more ThankYou points after I finish the spending requirement for the big bonus from my new Citi Premier Card.

Full review:

The Citi Rewards+® Card has become more attractive in this environment with its 0% introductory APR for 15 months from date of account opening, upfront sign-up bonus, and round-ups rewards on small purchases with no annual fee. Here are the highlights:

  • 20,000 bonus points after $1,500 in purchases in the first 3 months. 20,000 ThankYou points = $200 in gift cards at ThankYou.com.
  • New: For a limited time, earn 5 ThankYou® Points per $1 spent at restaurants up to $6,000 in the first 12 months and 1 ThankYou® Point per $1 spent thereafter.
  • Earn 2X ThankYou(R)Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou(R) Points on All Other Purchases.
  • 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 17.24% – 27.24%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • Minimum 10 points earned on every purchase. The card automatically rounds up to the nearest 10 points on every purchase, so for example a $1 parking charge or $2 cup of coffee can earn 10 points. This happens on every purchase with no cap.
  • 10% of your points rebated back on the first 100,000 ThankYou® Points redeemed per year.
  • No annual fee.

0% introductory APR on purchases for 15 months. This is one of the longest 0% intro periods on purchases, which means that you can keep charging all your purchases on this card for 15 months and not have to pay any interest. Carrying a credit card balance is obviously not ideal, but in extreme times such an offer can help with short-term cashflow issues and defer your monthly expenses until later. You will still need to keep making the minimum payments each month to keep the 0% rate. There is also 0% intro APR for 15 months for balance transfers, but that comes with a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

Round up rewards, helpful on small purchases. The default rewards on this card is 1 point per $1 spent, which is rather common these days. They try to mix things up by making it round up to the nearest 10 points on every purchase. For example, a $1 purchase would earn 10 points, not 1 point. A $2 purchase would earn 10 points, not 2 points. A $11 purchase would earn 20 points, not 11 points. This makes the effective rewards percentage much higher on small purchases. If you make a lot of small purchases, this card is well-suited for you.

If you have a high monthly spend amount, I would recommend the Citi Double Cash card instead, as it earns 2% cash back on purchases.

10% Points Back for the first 100,000 ThankYou® Points you redeem per year. Let’s say you get that 15,000 points bonus and earn another 5,000 points from your purchases. When you redeem your 20,000 ThankYou points for a $200 gift card, you’ll also get 2,000 points rebated back to your account.

Thank You points in combination with other Citi cards. You may also combine and transfer your ThankYou points earned with this card to other Citi cards that earn ThankYou points:

  • Citi Premier Card has a big upfront bonus and earns 3X ThankYou points on restaurants, supermarkets, gas stations, air travel and hotels. It also allows you to convert ThankYou points to participating airline mileage programs on a 1:1 basis including JetBlue TrueBlue, Virgin Atlantic, Singapore Airlines, Cathay Pacific, EVA Air, Etihad, Flying Blue by Air France and KLM, and Thai Airways.
  • Citi Custom Cash Card earns 5X ThankYou points on your top eligible spending category up to $500 spent each monthly billing cycle./li>
  • Citi Double Cash earns 2X ThankYou points on ALL purchases.

Bottom line. The Citi Rewards+® Card offers a long 15-month 0% introductory APR period on purchases on top of a 20,000 point sign-up bonus worth $200 in gift cards or transferrable to 20,000 airline miles with their partners. There is also a unique rewards structure for those that make a lot of small purchases. Works well in combination with other Citi cards that earn ThankYou points. No annual fee.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

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