NEW YORK—Citi is rolling out a new credit card that will round up the number of rewards points consumers earn in an effort to get them to use their credit cards for smaller, routine purchases.
The Citi Rewards+ credit card launched this month and has no annual fee. The card has an introductory annual percentage rate of 0% for the first 12 months after opening the account on purchases and for balance transfers after the date of the first transfer, MarketWatch reported.
“The main draw of the card is that the rewards points earned will be rounded up to the nearest 10 points, so buying a $1 purchase will earn 10 rewards points rather than just one. Additionally, Citi is offering 10% back in points for the first 100,000 points that Rewards+ card holders redeem each year,” MarketWatch explained.