Citi Forward Card – 11,000 Citi Reward Points

Citibank has a new card out called the Citi Forward Card. They are advertising this card as the “get rewarded for good credit credit card”. When you make a purchase, stay under your credit limit, and pay on time for three consecutive billing cycles, they reduce your APR. The small print reads that you can get this reduction 8 times or a max of up to a 2% reduction in your APR throughout the time your account is open with them. If you tend to carry a balance, this may be attractive to you.

For the rest of us, what is attractive, is that they are giving 11,000 Citi Thank You points when you apply for the card and sign up for paperless statements within 3 months of openening the account. These points can be redeemed for a $100 gift card for various retailers in the Citi Thank You Network.

You also receive 5 reward points for every $1 you spend on books, movies, music and at restaurants. 1 reward point for every $1 you spend on other purchases. So what is great about this card is that you are now getting 5% back from Amazon.com since they are labeled as a “book store”. In addition you earn 100 points each billing period when you pay on time and stay under your credit line.

There is no annual fee for this card and they are offering a 0% APR for 6 months on purchases and balance transfers. Keep in mind that Citibank charges fees for balance transfers, so the 0% on purchases is a better deal here.

The Citi Forward Card seems like a decent reward card especially if you pay your bills on time. It is definetly worth a look if you are wanting a new credit card. See more details here.

$50 Chase Freedom Bonus Ends Friday October 24th

I just received an update from Chase telling me that the $50 bonus when opening a Chase Freedom Credit Cardis ending on Friday.

This is unfortunate as I know quite a few people that made an easy $50 off of this deal. This is a one of Chase’s best cash rewards cards so getting an additional $50 for signing up makes it even better. So if you still want to get a great card with a great bonus make sure to Sign Up before Friday!

Here are more details on the card:
This card is flexible in the fact that you can switch between cash back and miles whenever you want. So if you are currently getting cash back, but then decided you want to use miles for a vacation, you can switch over to miles, use them for your trip, then switch back to cash back. Also, there is no annual fee with this card.

Here is the earnings breakdown:

• Earn 3% back at gas stations, grocery stores and quick service restaurants
• Earn 1% back everywhere else

Don’t forget that most grocery stores offer gift cards. So you can earn 3% on more than just gas stations, grocery stores and quick service restaurants. For example, the Dominick’s grocery store by me sells Home Depot gift cards, among may others. If I were to use the Chase Freedom Visa at Home Depot I would only receive the 1% back, but if I buy a $100 Home Depot Gift card from the grocery store, I would receive the 3% back. This is another little way to maximize your earnings with this card. Happy Shopping!!

What you need to do: Sign up for the Chase Freedom Credit Cardby Friday October 23rd.
Obligation: None
Initial Reward (if any): $50 after first purchase
Money to get started: $0
Things to Note: There will be hard credit inquiry applied to your credit report when applying for the card