Yesterday I covered 4 Citibank cards offering a 50K signup bonus. Between those offerings, the ability to transfer points to airlines, and the Double Cash card that offers 2% cash back with no annual fee, Citibank continues to ramp up their credit card portfolio in a big way,
Citibank has now launched a co-brand card with AT&T Wireless called the AT&T Access More Card and it’s actually a surprisingly rich offering.
With all of the major airlines and hotels locked up, it’s not a surprise that banks are looking for more co-brand partners. I never understood why the car rental agencies don’t have more robust point programs with co-brand cards. I’m sure that they’ll figure it out soon enough though.
Aside from airline and hotel cards though, co-brand cards aren’t usually great cards. They typically have mediocre signup bonuses and spend categories. That’s what surprising about this AT&T offering.
As for the telecom industry, the only question is which banks lock each one up for a deal. If this card was for Verizon, I’d be all over it!
When you signup for the new AT&T card you’ll get a unique link to use to buy a phone at full price with no contract. If you spend $2,000 within 3 months you’ll get a credit for the price of the phone, up to $650. Plus the $650 counts towards the $2,000 spend requirement even though it will be rebated back to you! Or you can save the $650 credit to purchase the phone later on if you don’t need a new one right away.
You must activate the phone with AT&T postpaid wireless service, keep the phone, and remain active and in good-standing for at least 15 days in order to get the $650 credited back to you.
The earning structure on the card is excellent:
You earn 3 ThankYou points per dollar on “Retail websites,” “travel websites,” and for products and services from AT&T.
“Retail websites are websites that sell goods directly to the consumer through an online website and include department store websites, specialty store websites, warehouse store websites and boutique websites.
Travel websites are websites that allow you to book travel and include online travel agencies, hotel websites and airline websites.”
The real question is how do they categories retail websites?
I’d assume Amazon is a retail website, but is eBay? I guess time will tell when people signup for the card and start experimenting.
You’ll also get 10K points every card anniversary when you spend $10K in the previous year, so if you spend $10K online you’ll have earned 4 points per dollar.
There is a $95 annual fee, though if you actually use the card, the anniversary bonus more than covers the fee.
This card can’t transfer points to airlines or hotels, but if you have a Premier or Prestige card then the points earned on this card will also be transferable.
If you have the Premier card you can also use the points for 1.25 cents towards paid airfare. If you have the Prestige card you can use the points for 1.33 cents towards paid airfare or 1.6 cents towards paid airfare on American or USAirways flights.
3-4 points per dollar that are worth 1.6 cents each means that you can get back 4.8%-6.4% on your online purchases, a most generous rebate indeed!