Citi Rewards Card – How to apply
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In the world of personal finance, every opportunity counts, and earning bonuses when you open a new account can be a decisive step towards achieving your goals.
Imagine receiving 20,000 bonus points just for carrying out a series of transactions in the first few months after opening your account.
This is the possibility offered by the Citi Rewards+ card, with which you have the chance to explore a range of benefits that can transform your banking experience.
How does the Citi Rewards+ Card work?
The Citi Rewards+ Card works effectively to maximize your purchases with significant rewards.
With it, each transaction generates points that can be redeemed for a variety of benefits, such as products, travel or discounts at partner establishments.
In addition, the card often offers welcome bonuses, allowing new users to accumulate a considerable amount of points in the first few months of use, provided they reach a minimum spending amount.
One of the most interesting features of Citi Rewards is the possibility of earning double or even triple points in specific categories, such as restaurants and supermarkets.
Main Benefits of the Citi Rewards+ Card
One of the highlights offered by the card is the rewards program, which allows you to earn ThankYou® points on all purchases.
You earn 5X points on hotels, car rentals and attractions booked on the Citi Travel SM portal until December 2025.
In addition, spending at supermarkets and gas stations earns 2X points per dollar for the first $6,000 annually, and all other purchases accumulate 1 point per dollar.
To top it off, each purchase is rounded up to the nearest 10 points, further increasing the accumulation potential.
Security is also a priority with Citi Rewards+. The card comes equipped with EMV chip technology and features such as Citi® Quick Lock, which allows the card to be blocked instantly in the event of loss or theft.
Furthermore, it is compatible with contactless payments and digital wallets, such as Apple Pay and Google Pay, offering a more agile and secure shopping experience, both online and in physical stores.
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Cons of Citi Rewards+ Card
One of the main disadvantages is the annual fee, which can vary depending on the card version.
For people who don’t use the card frequently or don’t spend enough to accumulate significant rewards, this fee may not be worth it.
Finally, the card’s interest rates (APR) can be high, especially if you don’t usually pay your bill in full every month.
Be aware that accumulating a balance on the card can automatically cancel out the benefits of the rewards, since the amount paid in interest may exceed the points accumulated.
APR and Fees
The card offers advantageous introductory conditions, such as an initial interest rate of 0% APR (Annual Percentage Rate) on purchases and balance transfers for a limited period, as well as no annual fee.
However, it is essential to understand the details of these conditions in order to make the most of the benefits and avoid unexpected costs.
And new cardholders are entitled to an introductory 0% APR for 15 months on purchases and balance transfers.
After 15 months, the variable APR kicks in, ranging from 17.99% to 27.99%, depending on your credit history.
This variable rate is common among credit cards and can be higher for people with less solid credit profiles, so it’s important to use this initial benefit with planning.
Another positive point is that Citi Rewards has no annual fee.
However, the card does charge a balance transfer fee: for the first 4 months, the introductory rate is 3% (with a minimum of $5) per transfer.
And after this period, the fee rises to 5% (with a minimum of $5).
How to Apply for the Citi Rewards+ Card
The first step to applying for the Citi Rewards+ card is to check that you meet the eligibility criteria, which generally include having a good credit history, proof of income and residing in the country where the card is issued.
Once you have confirmed your eligibility, you can apply for the card via the official Citi website or at a branch.
In the application process, you will need to fill in personal information such as your name, address, income and employment information.
In some cases, Citi may request additional documents to verify your identity and financial capacity.
After submitting your application, the bank will carry out a credit analysis and you will receive an answer within a few days.
If approved, the card will be sent to your registered address and you can activate it quickly to start using it.
