Credit Card Rewards Programs Explained: Citis Thank You Rewards Network
Credit card companies are in constant competition with one another to gain you as their customer. One way they approach this is with 0% introductory rates. Another approach is the rewards program. In this first of a series of in depth articles on credit card rewards programs, the president and CEO of Credit Card Depot Inc examines the Citi Thank You Rewards Network Program.
Currently, the Citi Simplicity(SM) Rewards Card, the Citi Platinum Select, and the Citi Diamond Preferred Rewards Card all offer thankyounetwork rewards. But what exactly are these rewards. They are points earned for every dollar spent that can be redeemed for everything from gift certificates to reduction in your interest rate. Here, I will focus on the gift certificates. Beginning at around 1,500 points, you can receive a free $10 gift certificate to a wide range of major retailers. As our points increase, so do their value. For 10,000 points, you can get a $100 gift certificate to these same great retailers.
Aside from retail gift certificates, you can vouchers for hotel discounts, free skiing pass, free movie...