The AT&T Factors Plus Card from Citi simply debuted this month — however if you happen to suppose the identify sounds acquainted, you are not mistaken. Citi has beforehand supplied two different AT&T-branded bank cards, the AT&T Entry Card from Citi and the AT&T Entry Extra Card from Citi. (Each of those shut cousins have closed to new candidates.)
Because the identify suggests, the AT&T Factors Plus Card from Citi affords perks for AT&T prospects, particularly within the type of an announcement credit score each billing cycle. The cardboard additionally has a sign-up bonus and doesn’t cost an annual price. However you will have to spend sufficient on the cardboard and conform to enroll in autopay with a view to earn the credit; plus, purchases made at AT&T will not earn you any additional factors.
Listed here are 5 issues to know in regards to the AT&T Factors Plus Card from Citi.
1. It has a sign-up bonus
Whereas many bank cards supply a bonus to new cardholders after they meet sure spending necessities, not all do. Citi doesn’t often supply a bonus on its fashionable Citi® Double Money Card.
The AT&T Factors Plus Card affords the next: Earn a $100 assertion credit score if you happen to spend no less than $1,000 on purchases within the first three months of account opening.
That’s a good reward for spending $1,000, particularly if you happen to already supposed to spend that quantity. Nevertheless, it’s hardly the very best on the market. The U.S. Financial institution Money+® Visa Signature® Card’s sign-up bonus is double that of the AT&T Factors Plus Card, and the spending requirement is similar: $200 bonus after spending $1,000 in eligible purchases throughout the first 120 days of account opening.
2. It earns Citi ThankYou factors
Moderately than money again or credit towards your telephone invoice, the AT&T Factors Plus Card earns rewards in Citi’s proprietary foreign money, ThankYou Factors. Cardholders will earn:
-
3 ThankYou factors per $1 spent at fuel stations. (Fuel purchases at warehouse golf equipment like Costco don’t qualify.)
-
2 ThankYou factors per $1 spent at grocery shops, together with grocery supply. (Purchases made at superstores and warehouse golf equipment don’t qualify.)
-
1 ThankYou level per $1 spent on all different purchases, together with AT&T services and products.
Notably, cash spent with AT&T would not earn any bonus rewards. It is exceedingly uncommon to discover a branded bank card that doesn’t earn larger rewards on purchases made with that model.
There is no restrict to the variety of factors you may earn, and factors don’t expire. And you probably have different Citi playing cards that earn ThankYou factors, you may consolidate your whole factors into one account.
3. You’ll be able to earn as much as $240 in annual assertion credit — with some strings hooked up
Every billing cycle, cardholders can earn both a $10 or $20 assertion credit score, so long as they attain sure spending thresholds with the cardboard:
-
$500 – $999.99 spent per billing cycle earns a $10 assertion credit score.
-
$1,000 or extra spent per billing cycle earns a $20 assertion credit score.
As well as, an AT&T wi-fi account have to be enrolled in paperless billing and autopay (with the AT&T Factors Plus Card set because the cost technique) with a view to qualify for the $10 or $20 assertion credit score.
An announcement credit score reduces your stability however doesn’t depend as a daily cost.
4. You’ll be able to redeem factors for a further assertion credit score
Citi ThankYou factors will be redeemed in a number of methods, together with money again and assertion credit. 1 level is price 1 cent when redeemed this fashion.
With sufficient spending, you could possibly successfully earn two assertion credit in a single billing cycle if you happen to selected to redeem your factors every month. You might earn both a $10 or $20 assertion credit score, primarily based in your spending, plus you could possibly redeem your ThankYou Factors for a further credit score on that very same assertion.
Stacking two assertion credit could make your month-to-month invoice just a little extra manageable.
5. You will most likely do higher with a special card
Merely put: Different no-fee bank cards beat the AT&T Factors Plus Card’s rewards charges by way of quantity and scope.
In case you’re placing quite a lot of miles in your automobile, the $0-annual-fee Citi Customized Money℠ Card could possibly be a greater card for fuel purchases than the AT&T Factors Plus Card. With the Citi Customized Money℠ Card, you may earn 5% again in your high spending space on as much as $500 per billing cycle.
As a substitute of utilizing the AT&T Factors Plus Card for groceries, you would possibly pay with the Capital One SavorOne Money Rewards Credit score Card. Its 3% price on groceries is superior to that of the AT&T Factors Plus Card, and it extends to different fashionable spending areas: eating, streaming providers and leisure. The Capital One SavorOne Money Rewards Credit score Card additionally has a $0 annual price.
Then, there’s a flat-rate card just like the Wells Fargo Lively Money® Card, which earns an infinite 2% again on each buy, not simply on groceries just like the AT&T Factors Plus Card. Its annual price is $0, and it comes with a sign-up bonus: Earn a $200 money rewards bonus after spending $1,000 in purchases within the first 3 months.