Re-Evaluation of Rewards Programs



 


Citibank, Bank of America, and Capital One all offer substantial reward programs across a wide range of their credit card accounts. The cards and the reward programs each offer their own set of benefits and types of rewards. It is recommended that you compare the benefits, rewards, and fees before deciding on the card which is right for you. Several of the cards offered across these networks are outlined below.

Citibank ThankYou Rewards

The Citibank ThankYou rewards program allows cardholders to collect reward points not only when using their credit card, but also when shopping in affiliated stores, using qualifying debit cards, and checking accounts. Members of the program can also gain additional points for every Citibank service they use. This includes bill payments, mortgages, loans, and other banking activities. There are various credit cards affiliated with the ThankYou Rewards program.

The AT&T Universal Business Rewards Card is specifically for business customers. It offers higher rates of points allocated for dollars spent on AT&T products and services. It also offers more points for business purchase made at certain office supplies stores and gas stations. All other purchases are rewarded the basic rate of points. It is possible to attach staff cardholders to the same reward account, allowing the main cardholder to accumulate points spent on employee cards.

Citibank also offers a credit card aimed at college students. The Citi mtvU Platinum Select Visa Card for College Students requires no co-signer and is not subject to an annual fee. While all purchases earn rewards points, higher rates of rewards are offered at certain movie theaters, book stores, and restaurants. There is also a twice yearly bonus for students maintaining a good grade point average.

World Points from Bank of America

The Bank of America's World Points rewards program offers a selection of credit cards which gives cardholders control and flexibility over how they choose to redeem their reward points. Cardholders can choose from travel, merchandise, or . Each credit card offers its own unique benefits and features, which can be compared in order to choose the right card. It is also possible to hold more than one card and link their world points rewards together to accumulate them all in one place.

One card available on the World Points program is the Bank of America World MasterCard credit card with PayPass. Some of the benefits this card offers are a cash credit to your account after a minimum level of purchases is made within the first so many days, a low introductory rate of APR on purchases made during the first so many billing periods, and the option to redeem points for Ultimate Access rewards. Ultimate Access is a reward program offering unique experiences, memorabilia, and special events.

Another available card which suits those who prefer cash rewards is the Bank of America Accelerated Cash Rewards American Express Card. This card offers much the same benefits as the World MasterCard, however, cardholders can redeem their World Points for cash back. This cash back is payable either as a check, account statement credit, or direct deposit. There is no cap on cash redemption and none of these cards are subject to an annual fee.

No Hassle with Capital One

Capital One offers the No Hassle rewards program which offers a simple rewards scheme with no restrictions. There is no cap on the amount of points you can earn and points are valid for the life of the card because they have no expiration date. The Capital One No Hassle Cash Rewards card has various options available to different levels of credit scores.

This card for customers with excellent credit has no annual fee. It offers no limit on the rewards you can earn and they never expire. Cash back is earned in varying degrees depending on what the card is used to purchase. Gas and groceries for example have a higher percentage reward than other purchases. Cash back rewards can be redeemed as an account credit, check, or gift card.

There is also an option to set up an automatic redemption limit so that a payment is triggered when the rewards reach that limit. There is also a No Hassle Cash Rewards card aimed at people with an average credit score. It has all of the same benefits offered by the "Excellent Credit" version, but this one carries an annual fee. One of Capital One's unique selling points is the ability to pick your own card design from a wide range of choices, or to choose a picture of your own. Both of these cards have variable interest rates.

Conclusion

In conclusion, with so many different reward schemes and credit card accounts on the market, there is bound to be at least one that suits your needs. No matter if you are a business person, a student, or just an everyday shopper there is an appropriate reward program for you. If you take time to consider all of the options you will be able to make the right choice.






Total VISA® Credit Card

Total VISA® Credit Card
Rating: 3.5 out of 5
Intro APR: N/A*
APR: See Terms*
Annual Fee: See Terms*

Green Dot primor® Mastercard® Classic Secured Credit Card

Green Dot  <i>primor®</i> Mastercard® Classic Secured Credit Card
Rating: 3.7 out of 5
Intro APR: N/A*
APR: 13.99%* (Fixed)
Annual Fee: $39*

DeLuxe Signature Shopping Credit Card

DeLuxe Signature Shopping Credit Card
Rating: 3.5 out of 5
Intro APR: N/A*
APR: 0.00%* (Fixed)
Annual Fee: N/A*

Unique Platinum

Unique Platinum
Rating: 4.5 out of 5
Intro APR: N/A*
APR: 0.00%*
Annual Fee: N/A*

First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Platinum Prestige Mastercard® Secured Credit Card
Rating: 4.5 out of 5
Intro APR: N/A*
APR: 10.49%* (Variable)
Annual Fee: $49*

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