A bit over a week ago details were announced of a new promo that should be useful for anyone with a Citi credit card. This is a reminder of that, as the promotion is live for purchases as of today.
Citi’s 5% cash back with online shopping offer
With Americans expected to do a lot of online shopping this holiday season, Citi has a great offer.
Eligible Citi cardmembers can earn 5% back as a statement credit for the online purchases they make over the coming week, which nicely coincides with Black Friday and Cyber Monday:
- Registration is required November 16-30, 2020, at citi.com/giving
- Online purchases made November 24-30, 2020, are eligible
- Cardmembers can receive 5% cash back for up to $500 in online purchases, in addition to the rewards they usually earn
- The 5% cash back will post within one to two billing cycles
This offer seems to be available on all Citi cards that I manage for my household, including the following:
- Citi Double Cash® Card (review)
- Citi Strata Premier® Card (review)
- Citi® / AAdvantage® Executive World Legend Mastercard® (review)
What qualifies as an online purchase?
Citi notes that in order to qualify for this bonus, the merchant must tag your purchase as having been made online. Purchases made through mobile and wireless technology may not earn the reward depending on how the technology is set up to process the purchase.
This is a solid offer
This is a really great offer, when you consider that it’s valid on most Citi credit cards. For example, the no annual fee Citi Double Cash® Card offers 1% cash back when you make a purchase, and 1% cash back when you pay for that purchase in the form of ThankYou points.
In other words, when all is said and done, you could be earning up to 7% cash back for online purchases with this offer. That’s a pretty nice reward, especially when you consider that this would even work on Amazon purchases.
The major restriction here is that you’re capped at $500 of spending, so the maximum value you’ll get per card with this offer is $25. That being said, you can take advantage of this bonus on multiple cards, so for those of us with multiple Citi cards this could be quite lucrative.
Bottom line
Citi is offering 5% cash back for online purchases over the coming week, which is in addition to the rewards you usually earn. This is capped at $500 of spending per card, for up to a $25 statement credit. While it’s not the highest value offer out there, this is well worth taking advantage of, and should add value for any Citi cards you may have.
Do you plan on taking advantage of Citi’s online shopping promotion?
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