If you remember the Diner's Club card, you're probably a Baby Boomer. Originating in 1950 and claiming to be the first American credit card, it has long faded from its glory days as a "jet-setter's" favorite financial accessory. Maybe it was your first credit card, too. How times have changed. According to research by the University of Michigan Law School,...
|APR, Variable||12.99%-22.99% (Variable)|
|Cash Advance APR||25.24%|
|Intro APR Promotions||0% for 12 months|
Earn 15,000 bonus ThankYou® Points – enough for $150 in gift cards – after you spend $1,000 in purchases within 3 months of account opening
1 ThankYou Point for every $1 you spend on purchases
No expiration and unlimited earned ThankYou Points
Earn extra points when you shop through the ThankYou® Bonus Center, a network of 600+ retailers you know and love
Travel with ease and enjoy global acceptance with the Citi chip credit card
See card issuer's website for details about terms and conditions of offer.
Excellent Credit Needed
- No annual fee
- Simple and straightforward reward scheme: 1 point for each dollar you spend
- Decent signup bonus of 15,000 points
- Plenty of merchandise and gift card redemption options
- 3% foreign currency transaction fee
- Not many options for earning extra points
The Simple Dollar’s Review
As far as point rewards credit cards go, this is as straightforward as it gets. You earn one point for every dollar you spend on any purchase. There’s no limit and your points never expire, and you get a bonus of 15,000 points when you spend $1,000 or more during the first three months of membership.
When it comes to cashing in your points, you’re mainly looking at merchandise and gift certificates through thankyou.com. There is plenty to choose from and prices vary for different items, but gift certificates usually go for around one penny per point. For example, 15,000 points will fetch you a $150 gift certificate.
This card is short on frills, but there are few downsides as well. There is no annual fee and a decent 0% intro APR for the first 12 months. There are a couple things to watch out for though: the 3% foreign currency transaction fee and the high 29.99% APR for late payments. All in all, this is a great card for people who value simplicity and like earning points for plenty of fun redemption options.
You’re a student. It’s a time of self-discovery, education, and new-found independence. Part of taking those first, brave steps into adulthood is learning to manage your own finances. Getting a credit card is crucial for building a good credit history and learning to spend wisely. But as you apply for your first card, you may find yourself in a minor...