Citi Rewards+® Card Evaluation (2023.4 Replace: 25k Provide Is Again)

2023.4 Replace: 25k supply is again! That is the very best ever supply of this card.

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Advantages

1. 25k supply: earn 25,000 ThankYou Factors after spending $1,500 in first 3 months. That is the very best supply (on-line) on this card.
2. We estimate that ThankYou Factors (TYP) are value about 1.6 cents/level, see under for a quick introduction. So the 20k sign-up bonus is value about $320.
3. Earn 2x ThankYou Factors per $1 spent on eating and fuel (for the primary $6,000 spending on bonus classes), 1 ThankYou Level per $1 spent on different purchases.
4. Rounding up: your earnings on all purchases are rounded as much as the closest 10 factors. For instance, if you happen to earn 4 TYP for a purchase order, you'll truly earn 10 TYP. With no cap!
5. 10% Factors Again for the primary 100,000 ThankYou Factors you redeem per yr. Notice you could not use this card to switch TYP to airline miles although, so I guess this profit will not be helpful for most individuals. The ten% factors again profit works while you redeem TYP (together with transferring to airline miles) from different bank cards as effectively! So long as you mix the TYP accounts from all of your TYP associated bank cards (it's possible you'll must name for this).
6. No annual payment.

Disadvantages

1. It has overseas transaction payment, so it is not a sensible choice exterior the US.
2. Due to Citi’s 1/24 rule, if you happen to apply for this card, you'll lose the prospect to get the sign-up bonus for Citi Status or Citi Premier within the subsequent 24 months! Moreover, if you happen to convert a non-TYP card (e.g. Citi AA card) to a TYP card, this motion may even reset the 24 month clock and have an effect on the bonus eligibility! Appears like Citi has eliminated this rule.

Introduction to TYP

• You'll be able to earn TYP with Citi Premier, Citi Rewards+, Citi Custom Cash, Citi Double Cash, and many others.
• You'll be able to add all these playing cards into the identical thankyou.com account, and factors which might be about to run out can be redeemed first within the order by which they expire robotically.
• Most often, TYP by no means expire. However closing account, product change, or receiving factors from different individuals could trigger TYP on that account to run out.
• When you've got Citi Prestige or Citi Premier, TYP may be transferred to some airline miles. One of the best ways to make use of TYP is to 1:1 switch them to Asia Miles (Oneworld) or Avianca (AV) miles (Star Alliance). Different good choices are: Singapore Airways (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), and many others. When you use TYP on this approach, the worth is about 1.6 cents/level.
• When you've got Citi Prestige, you'll be able to redeem your TYP at a hard and fast fee 1.25 cents/level in the direction of air tickets on thankyou.com. This can be a widespread approach to make use of TYP. Factors+money is on the market when redeeming for air tickets, so no want to fret if you happen to should not have sufficient TYP.
• When you've got Citi Prestige or Citi Premier or Citi Custom Cash or Citi Double Cash, you'll be able to redeem your TYP at a hard and fast fee 1 cents/level in the direction of money.
• When you've got Citi Rewards+, you may get 10% again when redeeming TYP, as much as 100k TYP per yr. This function additional boosts the worth of TYP.
• In abstract, we estimate that TYP are value about 1.6 cents/level.
• For extra details about TYP, see Maximize the Credit Card Points Values (overview), and Introduction to TYP: How to Earn & Introduction to TYP: How to Use (very detailed).

Beneficial Software Time

1. [1/24 Rule] Bonus ThankYou Factors will not be obtainable if you happen to acquired a brand new cardmember bonus for Citi Rewards+, Citi ThankYou Most well-liked, Citi Premier or Citi Status, or when you've got closed any of those playing cards, prior to now 24 months. Product change is handled as account closure if the account quantity is modified.
2. You'll not obtain the bonus when you've got acquired a bonus supply for opening Citi Rewards+ card prior to now 48 months.
3. [8/65 Rule] You'll be able to apply for at most 1 Citi playing cards each 8 days, and at most 2 Citi playing cards each 65 days, regardless of authorized or not.
4. Citi values the variety of latest laborious pulls lots, we advocate you apply when there’s lower than 6 laborious pulls prior to now 6 months.
5. This is without doubt one of the most best Citi card to get, however we nonetheless advocate you apply for this card after you have got a credit score historical past of at the least half a yr.

Abstract

The rounding up is limitless, which is kind of shocking. If too many individuals abuse it, I imagine Citi will revamp this card quickly.

Additionally, this card has a 10% Factors Again profit: for the primary 100,000 ThankYou Factors you redeem per yr. Information factors present that, the ten% factors again profit works while you redeem TYP (together with transferring to airline miles) from different bank cards as effectively! So long as you mix the TYP accounts from all of your TYP associated bank cards (it's possible you'll must name for this). This makes this card extra useful: if you have already got plans to redeem TYP, then merely preserving this card means Citi offers you additional TYP totally free, as much as 10k TYP per yr.

Usually, this card is an excellent downgrade choice for TYP collection bank cards.

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