Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
Editor’s Note: This limited-time offer has expired and is no longer available.
Earlier this week, my wife and I received notice that our Citi Driver’s Edge Card is being replaced with the Citi ThankYou Rewards Card. It appears that they’re phasing out the Driver’s Edge program entirely, which is fine with me since we pretty much never use this card anymore.
With the Citi ThankYou Rewards Card, we’ll be earning ThankYou points on a 1 point per dollar basis. They also offer an “Anniversary Bonus” that appears to increase over time. In other words, you get a bonus of 1% of the points you earned during the year during your first year, 2% the next year, and 3% thereafter.
If I’m reading the rules right, this means that for (say) $10k in spending in our first year, we’d get 10k points + 100 points, for a grand total of 1.01% in rewards, scaling up to 1.03% after 2 years. Meh. It doesn’t sound quite as generous when you actually do the math.
While there’s no annual fee, and you can earn an unlimited points that never expire, I’ve never been a fan of reward points. The main problem for me is that they it’s too easy to devalue them by re-scaling the prices in the rewards catalog. There are better reward credit cards out there.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (693)
- Dish Network Customer Service SUCKS (536)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (329)
- How Much Should You Pay a Babysitter? (288)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (237)
- Will Mac OS X Lion Kill Quicken 2007? (191)