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Citi AT&T Access More Card
Citi has really been on a roll lately. They have been aggressively offering sign-up bonuses, targeted offers on cards, generous retention earnings and have revamped much of their product line.
Today they announced a new co-branded card called the Citi AT&T Access More Card. While the press release was a little light on facts, thankfully I was able to dig into the terms on their website to learn more.
The sign-up bonus on this card is not quite typical. Here is how it works:
- Sign up for the card and spend $2,000 with the first 3 months.
- Use your card at any time to purchase a new smartphone from AT&T with no contract. (New phone purchases do count towards the $2k spending threshold.)
- Activate and maintain service with AT&T for at least 15 days.
- Citi will give you a statement credit for the phone up to $650. (Credit does not include tax, shipping or fees.)
If you are in the market for a new phone this is probably a fantastic sign-up bonus. You can get the phone off contract and take it to any carrier you want after paying for only 15 days of service.
This card also has a very interesting earning structure. The first great thing about it is that the card earns ThankYou points. That is huge! Here is the earning structure:
- Earn 3X ThankYou® Points for every $1 you spend on purchases made online at retail and travel websites.
- Earn 3X points for every $1 you spend on products & services directly purchased from AT&T.
- Earn 1X points for every $1 you spend on other purchases.
- 10,000 Anniversary bonus points after you spend $10,000 in the prior cardmembership year.
- $95 Annual Fee is not waived the first year.
3x For Online Purchases?
3x earnings made online at retail & travel websites seems very interesting. While at first it may read like 3x on all online purchases, I have a feeling that isn’t true. With that said, here is how they describe the two:
“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.
Travel websites are websites that allow you to book travel and include online travel agencies, hotel websites and airline websites.”
They go on to say:
“We do not determine how merchants or establishments are classified; however, they are generally classified based upon the merchant?s primary line of business. We reserve the right to determine which purchases qualify for this offer. Purchases not eligible to receive the additional ThankYou Points include but are not limited to payment for or to medical services, insurance, taxes and government services, education, charities and utilities.”
Analysis & Ideas
This seems like a really solid card. If it ends up earning 3x at certain online retailers like say GiftCardMall, this could be a real game changer. We will of course have to wait and see what happens there.
As for the bonus, you are paying a $95 fee upfront and receiving a $650 bonus (if you maximize it.) A $555 bonus is very good and definitely worth a sign-up in a lot of situations. (Of course you do have to pay for 15 days of service and tax as well.) The combination of earnings potential and bonus is very appealing. Also don’t forget that you get 10,000 bonus points after $10k in spend each year which offsets the annual fee.
Finally, consider this interesting idea. Yesterday I wrote about Google’s new revolutionary cell phone service. That service requires the Nexus 6 phone. AT&T sells the Nexus 6 for $699, so this could be a cheap option for getting it if you are interested. (You do have to purchase through a special link, so there is no way to know if they will have all of their phones available to purchase or not.)
There is no doubt that Citi is really being aggressive in the marketplace with the revamp of old cards and the addition of new ones. The fact that this card earns ThankYou points is huge and the 3x on online purchases has the potential to be a gamechanger!
What do you think?
HT: Doctor of Credit
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