Basics of the Citi Rewards+ Card
This is a no annual fee card that has some interesting benefits that could come in handy for many. The Citi Rewards+:
- Offers a welcome bonus of 15,000 bonus points after spending $1,000 within three months
- Rounds up purchases to the nearest 10 ThankYou points
- Offers 2x ThankYou points at supermarkets and gas stations, for the first $6,000 spent per year
- Gives you 10% of your points back for the first 100,000 points you redeem per year
This is an excellent no annual fee card that’s a great complement to the Citi Premier® Card (review) or Citi Prestige® Card. Since you can pool points between cards, you can take advantage of the best benefits of each card — earn 10 points per dollar for small purchases with the Rewards+, 5x points on restaurants with the Prestige, etc.
However, there’s another potentially awesome benefit that works much better than I was expecting.
The 10% points rebate benefit is better than I thought
One of the benefits of the card is that it offers 10% of your points back for the first 100,000 points you redeem per year.
Unfortunately I feared this benefit would be of limited value, given the different redemption values available through these cards:
- The Rewards+ lets you redeem points for at most one cent each
- The Premier and Prestige let you transfer points at a 1:1 ratio to airline partners
Based on my initial understanding, you’d only get 10% of your points back if you redeem them specifically through the Citi Rewards+ Card.
If you had the Citi Rewards+ you can pool your points, which is the best way to redeem them. I didn’t think that would trigger the 10% refund, though.
As it turns out, that’s not the case. Out & Out notes that he received the Rewards+ 10% rebate benefit for a mileage transfer with the Citi Prestige/Citi Premier.
What does this mean? If you have the Citi Rewards+ in conjunction with the Premier and/or Prestige, and if you pool points and transfer them to a Citi ThankYou airline partner, that redemption would be eligible for the 10% refund. That means if you transfer 100,000 points per year you’d get 10,000 ThankYou points back.
At least that’s how things seem to be working in practice as of now. There’s no guarantee that this will continue to be the case, since it’s not explicitly stated one way or another in the terms. For now it is yet another reason to get the Citi Rewards+℠ Card.