The New York-based bank has announced new Citi Prestige benefits for cardholders who do most of their shopping online, as well as streaming subscribers. Find out all the details about these new perks below.
As Americans increasingly turn to the Internet for shopping – especially with the holiday season fast approaching – credit card issuers are adjusting how they reward their customers for online transactions.
Citi is one issuer at the front of this movement, and the bank has now introduced a new offer for owners of its Prestige credit card to keep earning ample rewards. Running now and through the end of 2020, Prestige cardmembers will earn 5 ThankYou Rewards points per $1 spent on online, cable, and streaming purchases.
The online shopping category is broad and should cover most consumers’ digital spending for the rest of the year, diverse as it may be. For cord cutters and streaming enthusiasts, this new perk can net them enhanced rewards on over 20 platforms, including Amazon Prime Video, Apple Music, Netflix, and Disney+. What’s more, this is in addition to the 5X points already earned on restaurant and air travel purchases. Such a stacked combination of categories greatly increases the Prestige card’s versatility and appeal.
As with most other purchases eligible for ThankYou Rewards points, customers can redeem them for gift cards, future travel booking, as well as via Citi’s Pay with Points and Shop with Points programs.
Citi Prestige Benefits a Result of New Online Shopping Habits
Regardless of the holiday rush, the effects of the coronavirus pandemic has caused shopping to largely shift to the World Wide Web. As such, changing how consumers earn credit card rewards based on new spending habits only makes sense.
Several of the largest card issuers have already offered new opportunities to accumulate points and miles. American Express, for example, introduced new “at home” perks, which grant cardholders statement credits for U.S. streaming and mobile phone service purchases.
Chase rolled out a Pay Yourself Back program for its Sapphire and Ink Business cardholders, which allows them to use Chase Ultimate Rewards points towards statement credits in certain categories.
Citi, for its part, has also been active throughout recent months. The issuer has run promotions such as allowing customers to use ThankYou Rewards points for minimum due card payments, as well as giving them the chance to use the Prestige card’s $250 annual statement credit for dining and grocery store purchases.
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