Update: This offer for the Citi Prestige® Card has expired. Learn more about the current offers here.
Update: Hilton has revamped their co-branded credit card products, and the cards mentioned in this post are no longer available. You can find information on the new Hilton credit cards here.
My goodness, someone just woke up at Citi when it comes to their consumer credit cards, because they’ve been on a roll:
- Citi is offering an increased 50,000 point sign-up bonus on the Citi Prestige® Card
- Citi is offering a 50,000 point sign-up bonus on the Citi Premier℠ Card
- Citi is offering an improved sign-up bonus on the Citi® Hilton HHonors™ Reserve Card
- Citi recently won the exclusive contract for Costco, which they’ll be taking over from American Express
Citi has now introduced yet another credit card, which has the potential to be a game-changer for frequent online shoppers. The new card is called the AT&T Access More Mastercard® from Citi, which has a $95 annual fee.
On the surface a credit card from a cell phone provider sounds like the most unappealing thing imaginable, but once I looked at the details I was really pleasantly surprised.
Let’s break it down:
AT&T Access More Mastercard® from Citi sign-up bonus
The sign-up bonus on the card will be worth $650 to some, and virtually nothing to others:
- Spend $2,000 in purchases with your AT&T Access More Card within 3 months of account opening.
- Use your card, now or later, to buy a new phone from AT&T, at full price with no annual contract.
- Make your phone purchase using your unique phone offer link (which will be provided to you), activate and maintain service with AT&T for 15 days. If you buy a new phone now it will count toward the $2,000 in qualifying purchases!
- Citi will then credit your AT&T Access More Card account for the cost of the phone up to $650 (exclusive of taxes, shipping, fees & wireless service).
So basically you spend $2,000 within three months and then you get up to $650 towards a new AT&T phone that you buy out of contract at full price. Obviously that won’t be useful to everyone, though the timing of this sort of sucks, because I recently bought an iPhone out of contract, so the savings would have been nice.
That being said, what sets this card apart isn’t the sign-up bonus, but rather the return on everyday spend.
AT&T Access More Mastercard® from Citi rewards structure
Despite the AT&T branding, this card actually accrues ThankYou points as the rewards structure. That’s right, the points earned through this card can be pooled with those earned through the Citi Prestige® Card and Citi Premier℠ Card.
The rewards structure on the card is as follows:
- 3 ThankYou Points for every dollar you spend on products and services purchased directly from AT&T
- 3 ThankYou Points for every dollar you spend on purchases made online at retail and travel websites
- 1 ThankYou Point for every dollar you spend on other purchases
- 10,000 bonus point after you spend $10,000 in the prior card membership year
I highlighted that second bullet point for a reason. Using the AT&T Access More Mastercard® from Citi, you can earn 3x ThankYou points for every dollar online at retail websites.
For the purposes of the card retail websites are defined as follows:
Retail websites are websites that sell goods directly to the consumer through an online website and include department store websites, specialty store websites, warehouse store websites and boutique websites.
I don’t know of any other “useful” card which offers year-round bonus points for online retail purchases. Given how many people do virtually all their shopping online nowadays, this bonus category has the potential to be huge for some.
The 10,000 point anniversary bonus also more than helps offset the annual fee. So if you do $10,000 of online shopping at retailers each year, for example, you’d earn a total of 40,000 ThankYou Rewards points.
Increase the value of your points with the Citi Prestige® Card
The points earned on the AT&T Access More Mastercard® from Citi are “traditional” ThankYou Rewards points which can be redeemed towards the cost of an airline ticket, gift card, etc. However, in conjunction with the Citi Prestige® Card and Citi Premier℠ Card, those points can be transferred to one of the ThankYou Rewards airline partners, like Singapore Airlines KrisFlyer:
|Air France/KLM Flying Blue||N/A|
|Cathay Pacific Asia Miles|
|EVA Air Infinity MileageLands|
|Garuda Indonesia Frequent Flyer|
|Jet Airways JetPrivilege|
|Malaysia Airlines Enrich|
|Qantas Frequent Flyer|
|Qatar Airways Privilege Club|
|Singapore Airlines KrisFlyer|
|Thai Airways Royal Orchid Plus|
|Turkish Airways Miles & Smiles|
|Virgin Atlantic Flying Club|
Furthermore, if you have the Citi Prestige® Card then you can convert the points from other cards accruing ThankYou points to it, and in turn can redeem each point for 1.25 cents towards the cost of an airline ticket. In other words, if you have both the AT&T and Prestige cards, then you can earn 3.75% towards the cost of airfare for all your online shopping at retailers (and potentially even better than that when you factor in the 10,000 point anniversary bonus for spending at least $10,000).
If you have a pretty “average” consumer profile then I think the Citi Prestige® Card and Citi Premier℠ Card are still going to be your best options, especially since they accrue “premium” ThankYou Rewards points. That being said, if you do a lot of shopping at online retailers, the AT&T Access More Mastercard® from Citi has huge potential.
If you’re big into shopping with online retailers, does the AT&T Access More Mastercard from Citi interest you?