Citi and AT&T have teamed up to offer a new credit card with some great perks. The AT&T Points Plus Card from Citi has no annual fee, can earn up to $20 statement credit each month with $1,000 spent, and has a $100 signup bonus.
Let’s take a closer look at this new card.
Benefits of AT&T Points Plus Card
Let’s discuss the key benefits of the AT&T Points Plus Card.
Signup Bonus
The signup bonus for the AT&T Points Plus Card from Citi is pretty straightforward. You’ll earn $100 in statement credit after you spend $1,000 in the first 3 months.
It’s worth noting that the acquisitions bonus is not available if you have previously received a new account bonus for an AT&T Points Plus Card from a Citi account in the past 48 months.
Ongoing Bonus
This is where things get interesting. If you’re a postpaid AT&T wireless customer, you can earn $10 or $20 in statement credit every billing cycle you spend $500 or $1,000, respectively.
This benefit is automatic—all you need to do is make sure you’re enrolled in paperless billing and autopay using the card. Pretty easy, right?
Rewards
The New AT&T Points Plus Card from Citi is a rewards card that offers ThankYou points as . The card earns 3x ThankYou Points for every $1 spent at gas stations and 2x ThankYou Points for every $1 spent at grocery stores.
The card also offers 1x ThankYou Point for every $1 spent on all other purchases.
The points can be redeemed for a variety of rewards, including gift cards, merchandise, and travel. The New AT&T Points Plus Card from Citi is a great way to earn rewards while spending on everyday purchases.
No Annual Fee
One of the best features of this card is that it has no annual fee. This makes it a great option for those who are looking to save money on their credit card costs.
Card Issued by Mastercard
The AT&T Points Plus card from citi account is issued by Mastercard, one of the leading credit card issuers in the world. This means that you’ll be able to use your card anywhere Mastercard is accepted and enjoy all of the perks that come with being a Mastercard holder.
The disadvantage of AT&T Points Plus Card
Below are some of the key disadvantages of the AT&T Points Plus Card from Citi.
To earn statement credit, enroll in paperless billing and AutoPay with your AT&T Points Plus Card.
A big downside to the AT&T Points Plus Card is that, to earn statement credit, you have to enroll in paperless billing and AutoPay. So, if you’re someone who likes to receive a physical bill in the mail or pay manually, this card isn’t for you.
You also won’t be able to earn statement credit if you’re not enrolled in both paperless billing and AutoPay. And even if you are enrolled in both, you still won’t earn the statement credit unless your AT&T Points Plus Card is set as the payment method at the end of the billing cycle.
So, there are a lot of hoops to jump through just to get the statement credit. If you’re not willing to put in the effort, you’re better off not getting this card.
High Variable APR of 19.74% – 27.74%
The AT&T Points Plus Card offers a great way to earn points on your everyday spending. However, there is a downside to this card: the high variable APR of 19.74% – 27.74%.
This means that if you carry a balance on your card, you’ll be paying a lot of interest. If you are considering applying for this credit card, be sure you have a plan to pay the balance in full each month. Otherwise, interest charges could outweigh any rewards earned.
3% Fee for foreign purchases
Another downside to the AT&T Points Plus Card is the 3% fee for foreign purchases. So, if you travel internationally or make purchases in foreign currency, you’ll be charged a fee.
This can add up quickly, so it’s important to keep this in mind if you’re considering this card.
No 0% Intro APR
The AT&T Points Plus Card from Citi does not offer a 0% intro APR. This means that if you carry a balance on your card, you’ll be charged interest from the date of purchase.
So, if you’re looking for a credit card with a 0% intro APR, this isn’t the card for you.
The bonus offer is not available to every applicant
Applying for a credit card can be exciting, especially if you’re expecting to receive a bonus for doing so. However, it’s important to read the fine print before you apply. The AT&T Points PlusSM Card from Citi has a bonus offer that is not available to everyone.
Specifically, the acquisitions bonus is not available if you have previously received a new account bonus for an AT&T Points PlusSM Card from Citi account in the past 48 months.
While this may not seem like a significant time frame, it can be frustrating if you’re expecting to receive the bonus and don’t qualify.
It’s always important to read the terms and conditions of any credit card offer before you apply so that you know what to expect. Otherwise, you may be disappointed when you don’t receive the bonus you’re expecting.
Conclusion:
Overall, the new AT&T card from citi account may be worthwhile to some people, especially those who are already AT&T postpaid customers. The $100 signup bonus may be enticing to some, and spending exactly $1,000 on the card each month could result in a $20 monthly credit that will result in 240 dollar yearly credit.
However, the cards have not been available for signup for some time now, so it is difficult to say for certain whether or not they are worth pursuing.
So, what do you think? Is the New AT&T Points Plus Card from Citi right for you? Let us know in the comments below.
