Citi now issues a MySpace co-branded Visa: Citi Forward

[Anonymous]

http://www.myspace.com/citiforward

I think this is a move to try and attract the younger MySpace crowd. They'll probably see some gains on this one. It gives you 100 points a month for paying your bill on time and staying under your credit limit.

Sounds ho-hum. I think I'll pass on this one and continue using my Cash Returns Mastercard.

[barbaralee]

I was halfway tempted to apply for this card. But I'm really trying to not apply for anything else this year, we don't need a new cc, and there's always going to be a better rewards card than what I have. Here is a review I read:

---

Citibank launched a brand new credit card today, called Forward, which the bank claims will “help you see rewards of maintain healthy credit.” After a quick glance, it does seem to be a very rewarding card because card member will not only enjoy rewards (in ThankYou Points) with this card, but also the benefit of paying credit bill on time (lower interest rate). Main benefits of the new Forward card include:

• 100 ThankYou Points each billing period when paying bill on time and staying under credit limit;
• 5 rewards points for every dollar spent on books, movies, music, and at restaurants; 1 point for $1 on purchases elsewhere;
• Reduce your APR by .25% when you make a purchase, stay under your credit line and pay at least your minimum amount due on time 3 billing periods in a row (at most 2% can be reduced);
• No annual fee;
• Citi Forward Spend Tracker helps you estimate the amount you spend on common purchases and compares it with others.

If you eat out a lot, then the 5x reward points at restaurants is pretty generous. The most I can get now is 3% cashback with AMEX Costo TrueEarnings Card. The card also has a 6-month 0% APY for purchase and balance transfer promotion, but you will have to pay 3% balance transfer fee, not worth it when you can only earn a little better than 2% from your savings account.

Interested? If you apply now and get approved for the Forward card, you will also get

• 6000 points after making $50 purchase within the first three months;
• 500o points after signing up to receive paperless statements within the first three months.

The 11,000 ThankYou Points can be redeemed for a $100 gift card from many merchants.

Actually, I am thinking getting one myself

---

http://www.thesunsfinancialdiary.com/personal-finance/citi-forward-visa-card-reviews/

[Red1Blue]

I think this card is targeted towards Young and Teen.

[PayingTheBills]

It's 2,500 Thank You points for going to paperless statements, not 5,000.

And they do not give you the 100 Thank You points if you PIF each month:

"You will earn 100 bonus ThankYou Points every month during which you stay within your credit limit and make at least your minimum payment on time. These bonus points are not included in the annual calendar year cap. Accounts with a zero minimum payment due will not be eligible for bonus points that billing cycle."

Message Edited by PayingTheBills on 03-07-2009 09:07 PM

[barbaralee]

---

@PayingTheBills wrote:

It's 2,500 Thank You points for going to paperless statements, not 5,000.

And they do not give you the 100 Thank You points if you PIF each month:

"You will earn 100 bonus ThankYou Points every month during which you stay within your credit limit and make at least your minimum payment on time. These bonus points are not included in the annual calendar year cap. Accounts with a zero minimum payment due will not be eligible for bonus points that billing cycle."

Message Edited by PayingTheBills on 03-07-2009 09:07 PM

---

Citi is saying 5000 for going paperless if you sign up within 3 months.

"5,000 bonus ThankYou Points can be earned by new Citi Forward cardmembers approved through this offer. To receive bonus points, sign up for Paperless Statements on this account within 3 months of account opening. You may only receive this bonus one time. All points become available for redemption when they are transferred from your Card Account to your ThankYou Member Account."

I could be wrong, but I think you're misreading that disclaimer. If you use the card and get a bill, there will be a min. payment, thus you will receive your points. What I think they're saying is if you have a zero balance (as in you haven't made a purchase with the card) you won't get the points. I PIF my Drivers Edge, and always get my points.

Message Edited by barbaralee on 03-07-2009 07:33 PM

Message Edited by barbaralee on 03-07-2009 07:35 PM

[Anonymous]

Pssst, don't let Hauling read this. 

I took one for the team and app'd.  I got the "we'll get back to you" message.  No harm no foul as of yet.  When I pulled CS this morning there isn't a hard pull showing, but I'm guessing they tried to pull EX and couldn't. 

Who knows.  It said I'd receive an email w/in 7 days letting me know the outcome.

I semi-burned Citi once, about 15 years ago.  The lil acct is still showing on one of my CBRs as paid/happy, but at some point the derogs were on there.  (The debt was legally satisfied w/ a settlement.)

I absolutely loved the fact that you get bonus TYP for shopping in bookstores.  I spend a LOT of money on books for myself and for my classroom.  I just really liked the way the rewards were set up. 

Oh well, I won't get my hopes up -- but hey, it was fun! 

[Anonymous]

Well i applied Friday was denied for 2 many recent accounts opened why do i keep doing this to myself lol

[Anonymous]

---

mjbfan79 wrote:
Well i applied Friday was denied for 2 many recent accounts opened why do i keep doing this to myself lol

---

Ahh, I should be denied as well, then!  Thanks for the heads up! 

[haulingthescoreup]

---

WhirledPeasPlease wrote:

---

mjbfan79 wrote:
Well i applied Friday was denied for 2 many recent accounts opened why do i keep doing this to myself lol

---

Ahh, I should be denied as well, then!  Thanks for the heads up! 

---

I swear, you two...

There's only so much that can be written off to spring fever, you know!

[Anonymous]

---

haulingthescoreup wrote:

---

WhirledPeasPlease wrote:

---

mjbfan79 wrote:
Well i applied Friday was denied for 2 many recent accounts opened why do i keep doing this to myself lol

---

Ahh, I should be denied as well, then!  Thanks for the heads up! 

---

I swear, you two...

There's only so much that can be written off to spring fever, you know!

---

Eh, it was 76 degrees here yesterday and our neighborhood weekly block party/drink fest happened.  What can I say? 

Mmmmm...  Beer and Pizza!  When the pizza delivery guy pulled up he said, "This is where *I* need to live!".  (Just imagine 25 people drooling over the pizza -- not the delivery driver.)