Nowadays, given the developing credit crunch in the financial market, card issuers are slashing rewards and hiking rates, making it much harder for prudent spenders to get rewarded from card usage. Therefore, good credit card deals are few and far between these days, forcing us to settle for 1% or 1.5% cashback, or occasionally 5% rewards on grocery or gas purchases.
In this regard, Citi CashReturns MasterCard, Citibank's newest addition to its credit card offerings, is a true godsend for people who want to get more rewards from good spending habits.
Citi Cash Returns MasterCard's killer feature: 5% cashback on every credit card purchase for the first 3 months (and 1% thereafter).
Thought the introductory period of 3 months is too short? Think again. If you charge $3,000 to a card normally, you can get $150 in cash rebate every month, or $450 in the 3 months' period. And if you happen to have a big purchase in mind for the coming month, 5% is yours without having to negotiate with any salesperson. This can be 5% off every vacation, every furniture or appliance purchase, every Christmas gift, or even every medical appointment (if you opt for paying your physician upfront and claiming with insurers later).
The beauty of the reward program is there is absolutely no limit of the amount you can earn, allowing you to effectively shaving 5% of most of your monthly expenditure. And, if you have a family, applying another Citi CashReturns card under your spouse's name after 3 months, and you can be really proud of yourself for cutting 5% of your half-year budget for a few minutes' of work on the computer.
Of course, this offer can only be lucrative for you if you pay off your balance every month. Otherwise, your cashback returns will be eroded by the financial charges you will incur down the road.
Feel it is a great deal? You may apply today, or read PFBlog's full review of Citi Cash Returns MasterCard for a more informed decision.
