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The Citi Rewards+℠ Card is a unique offering that provides decent rewards for routine purchases. Cardholders earn Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases..
Citi Rewards+℠ Card Review: Decent Value for Moderate Spenders
The Citi Rewards+℠ Card is a great choice for people who have a moderate budget and spend mainly on gas and groceries. Cardholders have a $0 annual fee and earn Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.. You could get a better rewards rate in the "gas and groceries" category elsewhere, but it's solid for a card with a $0 annual fee.
Minimum of 10 Points Per Purchase
The most unique feature of the Citi Rewards+℠ Card is that you'll earn a minimum of 10 Citi ThankYou points on each purchase, plus your points will be rounded up to the nearest 10. For nonbonus-category spending, this means a transaction of $4 would earn you 10 points and a transaction of $21 would earn you 30 points. This feature is particularly useful for people who often make purchases under $10, like buying coffee.
Average Welcome Bonus for a $0 Annual Fee
If you're looking for a welcome bonus to pay for your next vacation, the Citi Rewards+℠ Card isn't the card for you. Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com. This is significantly lower than what the best no-fee cards offer—e.g., the No Annual Fee Wells Fargo Propel American Express® card has a 20,000-point welcome bonus when you spend $1,000 in purchases in the first 3 months.
10% Points Rebate
With the Citi Rewards+℠ Card, you'll earn 10% of redeemed points back at the end of each year on the first 100,000 redeemed points. This represents a maximum potential benefit of $100 per year (10% of 100,000 = 10,000 points = $100). However, moderate spenders can expect a significantly lower annual rebate. For example, if you earn and redeem 20,000 points per year with this card, you'll get a $20 rebate.
Redeem Points for Travel, Gift Cards or Statement Credit
Points earned on the Citi Rewards+℠ Card are basic Citi ThankYou points, which means they can be redeemed for travel on the Citi portal, statement credit toward your balance or gift cards. In each case, your points are worth 1 cent apiece. You can also transfer your points to JetBlue's TrueBlue rewards program at a 5:4 ratio, meaning you'll likely retain only 80% of the value of the points. In most cases, it's best to use your points toward one of the other redemption options.
ValuePenguin's Verdict: Good Card for Moderate Spenders
The Citi Rewards+℠ Card is a solid card for people who spend a few hundred dollars per month on gas and groceries or who frequently make transactions under $10. For most people, the 10-point-per-purchase minimum is more gimmick than substantial benefit, as each point is worth just 1 cent. There are better options, outlined below, for bigger spenders and people who don't have many gas and grocery expenses.
Citi Rewards+℠ Card
13.49% - 23.49% (Variable)
- The Citi Rewards+℠ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
- Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
- 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.49% - 23.49%, based on your creditworthiness. Balance transfer fee — either $5 or 3% of the amount of each transfer, whichever is greater.
- Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
- The standard variable APR for Citi Flex Plan is 13.49% - 23.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Alternatives to the Citi Rewards+℠ Card
Below, we've outlined alternatives to the Citi Rewards+℠ Card that have the potential to earn you higher rewards. For moderate spenders who don't make many grocery and gas purchases, the Citi® Double Cash Card – 18 month BT offer and Discover it® Cash Back are great options. If you're a high spender and have major dining and supermarket expenses, the American Express® Gold Card is also an excellent choice.
2% Cash Back
With a $0 annual fee, the Citi® Double Cash Card – 18 month BT offer lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. This is a stronger offering than what's provided by the Citi Rewards+℠ Card, which only gives 1% on all purchases that aren't at supermarkets or gas stations. The one downside to the Citi® Double Cash Card – 18 month BT offer is that it doesn't have a sign-up bonus, but the card is still worth it for the long-term value.
5% Cash Back on Rotating Categories
The Discover it® Cash Back is another excellent card because you'll earn 5% back on categories that rotate each quarter, up to $1,500 in spending or up to the quarterly maximum (activation required). For 2020, the categories include grocery stores, Walgreens and CVS (January-March), gas stations, Uber, Lyft and wholesale clubs (April-June), restaurants and PayPal (July-September), Amazon.com, Target and Walmart.com (October-December). The card also comes with a great welcome bonus for new cardmembers — at the end of your first year, Discover will match and reward all of the cash back you've earned, effectively doubling your year one earnings.
4% at U.S. Supermarkets and Restaurants
The American Express® Gold Card has a $250 annual fee, but it also comes with rewards and credits to offset that cost. For starters, cardholders earn an industry-leading Earn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery. Additionally, earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), and 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com. It also comes with $120 in annual dining credits ($10 for each monthly statement period) that can be used at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations, plus $100 in annual airline fee credits. If you max out the annual credits, you'll only need to spend $750 a year on supermarket and gas purchases to break even on the card's fee.
For rates and fees of the American Express® Gold Card, please click here
Compare Other Cash-Back and Rewards Cards
Use our credit card comparison tool if you'd like to see how each card performs for you. You can enter different amounts to reflect your monthly spending and see your potential earnings over a two-year period.