MyCardBlog

Citi just launched a new credit card product days ago-the new Citi Forward Card. This credit card is called “A credit card designed to meet the specific financial needs and interests of today’s consumers. Specially built to help consumers maintain healthy credit, Citi Forward is the only credit card that lowers the purchase interest rate by a quarter percent when cardmembers use credit wisely and rewards them with ThankYou Points each billing period for paying on time and staying under the credit line.” I am very tempting after knowing more about this new Citi Forward Card.

This Citi Forward Card is a new credit card product issued by Citi by partnership with MySpace. The information about this credit card can be found at www.myspace.com/citiforward.

This credit card offers up to 11,000 bonus thankyou points for new credit card members. Here is how:

• 6,000 bonus points after $50 in purchases are made within 3 months of account opening.
• 5,000 bonus points when you sign up for paperless statements within 3 months of account opening.
• 5 Reward points for every $1 you spend on dining, books, movies and music. 1 reward point for every $1 you spend on other purchases. (It seems similar to the Citi mtvU Card.)
• Up to a 2% purchase APR reduction when you make a purchase, stay under your credit line and pay on time 3 billing periods in a row.
• 100 bonus points each billing period when you pay on time and stay under you credit line.
• No Annual Fee.
• 0% APR for 6 months on purchases and balance transfers.
• 4 beautiful card designs to choose from.

The first 6,000 and 5,000 bonus points seem not difficult to get. $50 purchase and signing up paperless statement is a piece of cake for any of us. What I like most is the 5 thankyou points for the money spents on dining, books, movies and music. This is similar to the rewards program offered by the Citi mtvU Card which is the best student credit card out there in the credit card market. Now it tells me that the Citi Forward Card is another great student card offered by Citi.

Citi Forward includes free membership in Citi’s ThankYou Rewards Network. You can redeem your accumulated thankyou points for millions of items at thankyou.com.

More details can be found at http://www.citiforward.com.