topic Re: Citi Forward Rewards? in Credit Cards

Citi Forward Rewards?

gettnthere — Sat, 10 Nov 2012 11:20:58 GMT

Hey guys,

I gotta question for you all. I just recently obtained the Forward card and im wondering how the reward exchange rate is. I like to get statement credits and i assumed that the exchange rate would be 1:1 but i remember somebody saying that its only 1:0.5 if u want statement credits. Is this true? Id like to get statement credits with my Forward card but i dont want to be just givin up points?

Re: Citi Forward Rewards?

jsickz32 — Sat, 10 Nov 2012 13:27:47 GMT

You get 9k points for spending $650 in first 3 months and you get 1k points if you enroll in paperless statements. Those 10k TY points are worth $50 cash back or statement credit. Rewards are not that great but its easy to rack up points.

Re: Citi Forward Rewards?

gettnthere — Sat, 10 Nov 2012 13:30:43 GMT

Thanks for that! So just to reiterate, if i want cash or statement credit points are only worth .05?

Re: Citi Forward Rewards?

jsickz32 — Sat, 10 Nov 2012 13:33:02 GMT

Yup lol

Re: Citi Forward Rewards?

gettnthere — Sat, 10 Nov 2012 13:47:53 GMT

Thanks jsickz!

And i agree, rewards may not be the absolute best but as much as i eat out it should be easy to start racking up some crazy points

Re: Citi Forward Rewards?

jsickz32 — Sat, 10 Nov 2012 13:55:23 GMT

I eat out every single day. My 5th statement ends this 17th and im 2920 points away from 10k. Very easy to rack up points.

Re: Citi Forward Rewards?

gettnthere — Sat, 10 Nov 2012 15:13:22 GMT

Awesome! How long have you had your Forward card?

Re: Citi Forward Rewards?

trumpet-205 — Sat, 10 Nov 2012 15:45:01 GMT

2.5% (0.5 cents for each TY points) for cash and statement credit

4.0% (0.8 cents for each TY points) for Amazon Shop with Points

4.0% (0.8 cents for each TY points) for reselling Walmart gift card to Plastic Jungle for cash

5.0% (1.0 cents for each TY points) for gift card

Re: Citi Forward Rewards?

jsickz32 — Sat, 10 Nov 2012 16:18:54 GMT

Ive had my card for almost 5 months now.

Re: Citi Forward Rewards?

kittenkatt79 — Sat, 10 Nov 2012 16:31:01 GMT

@trumpet-205 wrote:
2.5% (0.5 cents for each TY points) for cash and statement credit
4.0% (0.8 cents for each TY points) for Amazon Shop with Points
4.0% (0.8 cents for each TY points) for reselling Walmart gift card to Plastic Jungle for cash
5.0% (1.0 cents for each TY points) for gift card

You also can get full 5% value on travel booked through Thank You rewards, student loan payments, or mortgage payments.

Re: Citi Forward Rewards?

SnackTrader — Sat, 10 Nov 2012 18:01:31 GMT

@trumpet-205 wrote:
2.5% (0.5 cents for each TY points) for cash and statement credit
4.0% (0.8 cents for each TY points) for Amazon Shop with Points
4.0% (0.8 cents for each TY points) for reselling Walmart gift card to Plastic Jungle for cash
5.0% (1.0 cents for each TY points) for gift card

I'm confused. You are assuming that the points in this table were gained from dining out, correct? That's the only situation I was aware of with this card where one would receive 5% in points...

Re: Citi Forward Rewards?

gettnthere — Sat, 10 Nov 2012 18:14:24 GMT

You are correct, its 5% for dining out. Trumpet's table is right per my question in my OP as to the exchange rate for accumulated points.

Trumpet, how does the gift card option work?

Re: Citi Forward Rewards?

trumpet-205 — Sat, 10 Nov 2012 20:08:36 GMT

You don't use Forward for non-bonus spending.

The way 4% gift card reselling works is that you redeem your points for Walmart gift card then resell it to either Plastic Jungle or Cardpool. These two websites will buy gift card off your hand in exchange for either cash or Amazon gift card.

Re: Citi Forward Rewards?

Anonymous — Sun, 11 Nov 2012 10:30:16 GMT

@trumpet-205 wrote:
2.5% (0.5 cents for each TY points) for cash and statement credit
4.0% (0.8 cents for each TY points) for Amazon Shop with Points
4.0% (0.8 cents for each TY points) for reselling Walmart gift card to Plastic Jungle for cash
5.0% (1.0 cents for each TY points) for gift card

Am I missing something? I have a Citi Forward and when I went to check out the GC prices (and they haven't changed) I get $25 for 3,500pts and $50 for 6,000pts (.7 and .8 cents per each TY pt) for Walmart.

Re: Citi Forward Rewards?

trumpet-205 — Sun, 11 Nov 2012 17:21:01 GMT

@Anonymous wrote:
Am I missing something? I have a Citi Forward and when I went to check out the GC prices (and they haven't changed) I get $25 for 3,500pts and $50 for 6,000pts (.7 and .8 cents per each TY pt) for Walmart.

Mine is at 1:1 redemption ratio.

Re: Citi Forward Rewards?

Anonymous — Sun, 11 Nov 2012 17:48:25 GMT

@Anonymous wrote:
@trumpet-205 wrote:
2.5% (0.5 cents for each TY points) for cash and statement credit
4.0% (0.8 cents for each TY points) for Amazon Shop with Points
4.0% (0.8 cents for each TY points) for reselling Walmart gift card to Plastic Jungle for cash
5.0% (1.0 cents for each TY points) for gift card
Am I missing something? I have a Citi Forward and when I went to check out the GC prices (and they haven't changed) I get $25 for 3,500pts and $50 for 6,000pts (.7 and .8 cents per each TY pt) for Walmart.

Its cuz you got 1000 bonus points for paperless statements...which apparently isnt worth anything, cuz i see the same thing as you.

Re: Citi Forward Rewards?

Anonymous — Sun, 11 Nov 2012 19:27:07 GMT

@trumpet-205 wrote:
2.5% (0.5 cents for each TY points) for cash and statement credit
4.0% (0.8 cents for each TY points) for Amazon Shop with Points
4.0% (0.8 cents for each TY points) for reselling Walmart gift card to Plastic Jungle for cash
5.0% (1.0 cents for each TY points) for gift card

Don't forget:

1.0 cents for each TY point for student loan and mortgage rebate checks

Re: Citi Forward Rewards?

jeff318 — Sun, 11 Nov 2012 23:47:27 GMT

@trumpet-205 wrote:
Mine is at 1:1 redemption ratio.

It's because you have the TY Preferred card as well... gets better redemption rates.

Re: Citi Forward Rewards?

trumpet-205 — Mon, 12 Nov 2012 16:33:44 GMT

@jeff318 wrote:
It's because you have the TY Preferred card as well... gets better redemption rates.

I converted my Dividend card to TY Preferred a month ago. Before that I got 1:1 redemption rate too.

Re: Citi Forward Rewards?

distantarray — Mon, 12 Nov 2012 20:55:00 GMT

you have to have TY preferred to get 1 to 1 redemption?