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Citi Launching Rewards+ Credit Card on January 10th: Minimum 10 Points/trx, 15,000 Signup Bonus, 10,000 Redemption Points, No Annual Fee (DoC)

ejg930

Amazon Dash button for $1 Amazon gift cards, anyone?

mia

Prestige, Premier, Plus, Preferred. Too bad they couldn't think of a more distinctive name.

kapooncha

Is it guaranteed that this card's sign-up bonus will count against the 24 month TY rule? Maybe it will be like the AA mile-up card that had its own rules?

mia

No way to know until we see Prestige and Premier offer terms after Plus is officially launched.

mikesyr18

Yeah, let's go ahead and abuse it to death so Citi changes the T&C's. Great idea.

kapooncha

Game theory. People are going to abuse it to "death," whether you approve or not. So the question is do you want to get yours while the getting is good or rest on your laurels and be left out?

mikesyr18

I wouldn't be surprised to see the major card issuers scale back rewards significantly by the end of the year. In fact, it's already been rumored:

https://www.cnbc.com/2019/01/03/bankwirestory.html
https://kdvr.com/2019/01/02/the-gold...ting-its-peak/
https://qz.com/1514489/credit-card-r...ks-scale-back/

Issuers will start to realize their credit card portfolio will be better off without giving out "4x on travel" and "3x on dining" to customers. I think if we want to see what credit cards will look like in the future, the Key2More Rewards MasterCard is a great example:

https://www.doctorofcredit.com/keyba...-5-everywhere/

Minus the inflated rewards program of course (5x equals to 1 cpp). The more you spend per month on the card, the higher the cash back rewards are, but only up to what's equal to a mediocre 1.5% cash back.

With that said, I don't think the Citi Rewards + card will last in it's current state... Citi will end up placing a cap on the rewards, such as "maximum of 50 rounded up points per day."

kapooncha

Then you should get yours as much as you can while you can.

As for whether issuers cut back on rewards, perhaps. My current strategy is points/miles cards for sign-up bonuses, then sock drawer them. All normal expenditures go on my cash back card.

mia

There isn't an independent consensus. All three of those pieces are based on the same Wall Street Journal article, which is discussed in this thread:

Rewards Credit Cards Gained Fanatic Following Now Banks Are Pulling Back- WSJ article

tmiw

I mean, rewards probably will eventually decrease since there will likely be pressure on the networks to lower interchange, but 2019 might be a bit soon for that. Not to mention that without government intervention, I doubt we'll ever see reductions down to EU levels.

globaltrotter

mia

I think the family resemblance is intentional. Citi Premier also has a similar design.

globaltrotter

akr1970akr

I wonder what exactly they mean by a 10% rebate on redemption's.

Would that be similar to the AA Plat card? or the old IHG card?

If uncapped, that could actually be a pretty nice force multiplier for someone using TYP constantly.