New Citi Forward Card Rewards Cardholders for Good Behavior
March 6, 2009
In what may be a sign of these tough financial times, Citi has launched a new credit card, the Citi Forward Card, that rewards cardholders for paying on time and staying beneath their credit limits.
Specifically, the Citi Forward offers the opportunity to get a quarter-point reduction in the card’s interest rate every time the cardholder goes three months making on-time payments and staying under the assigned credit line. (Cardholders can get the quarter-point reduction up to eight times, for a total maximum reduction of 2 percentage points. The initial interest rate on the card is 12.24%. (UPDATE: Initial interest rate is now 14.24%.) In addition, the card offers 100 extra Citi ThankYou points each month for these same behaviors.
The Citi Forward’s standard rewards program offers 5 ThankYou Points for every $1 spent on restaurants, books, music and movies, and 1 ThankYou Point for every $1 spent on other purchases.
Concurrent with the launch of the Citi Forward Card came the launch of Citi Forward by MySpace, a card with the same benefits listed above but also rewards its cardholders “for completing socially responsible acts, such as donating to a local food drive, going paperless, switching to energy efficient light bulbs, volunteering and more.”
For more information or to apply, click for the Citi Forward Card or Citi Forward by MySpace.
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1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
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2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
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3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
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4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
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6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
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7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months
