Citi Launched New Forward Visa Card: Get Rewarded for Keeping a Good Credit

This could be a hot credit card.

Citibank launched a brand new credit card today, called Forward Visa Card, 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:
Cit Forward Credit Card

  • 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.

Interested? If you apply now and get approved for the Forward card, you will also get over 1,000 bonus points after signing up to receive paperless statements within the first three months.

Actually, I am thinking getting one myself :)

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19 Responses to “Citi Launched New Forward Visa Card: Get Rewarded for Keeping a Good Credit”

  1. tshepo |  Mar 09, 2009 at 1:50 am

    nice going because we are now going through a rough patch with this global financial crisis.

  2. Brandon |  Mar 09, 2009 at 9:49 am

    I Signed up for the Citi Forward card…if nothing else the $100 gift card would be worth it. I got an email back a couple days later asking me for my last telephone bill, one other utility bill, my last W2 and 2008 tax return in order to process my request. My credit scores are 783, 786 and 805, debt free except the house – and I have a citi card already (haven’t used it in about a year). LOL – no thanks…I’ll stick with my AMEX blue cash and Chase Freedom cards. :)

  3. Andrea |  Mar 12, 2009 at 10:27 am

    You have to apply for this card online. I called to apply and was told the offer is unavailable over the phone. I think I’ll pass because I don’t want to apply for a credit card over the internet.

  4. Sun |  Mar 12, 2009 at 9:15 pm

    @Brandon: That’s a lot of hassle to just open a credit card account. Looks like things really changed a lot these days. I haven’t got any new card in more than a year, so it’s new to me it became so difficult already.

    @Andrea: I am an internet guy. I do almost everything on the web and avoid calling people if I don’t have to :)

  5. Therese |  Mar 23, 2009 at 7:21 pm

    I applied for this card online and they sent me a letter asking for a 4506T form to be return for further processing. I have other cards with them, money market accounts, IRAs and checking and everything is great as far as my credit. When I called them they informed me that they are asking for this from everyone, it scares me to think that they have my money and they don’t even want to give me their New Citi Forward card!! I wouldn’t waste my time applying for this card.

  6. Sun |  Mar 26, 2009 at 8:48 pm

    @Therese It seems that it’s troublesome to open a new credit card these days. True that the new Forward card has some nice features, but it doesn’t look like it’s worth the trouble.

  7. Travis |  May 11, 2009 at 3:14 pm

    All this talk about paperwork you have to submit…I don’t know. I’m 19 years old, I applied for this card as my first, and they approved me without any paperwork at all. Granted, I applied as a student, so that might have been why, but I’ve had nothing but good experiences with this card.

  8. Taylor |  May 16, 2009 at 8:46 pm

    I’m 20. I’ve had a basic Citi Platinum Select card for a year. I decided to apply for this card, because it has rewards. I got approved with a $3,500 limit.

  9. How to get taller |  Jun 19, 2009 at 4:42 pm

    I think this new card will be a good solution for those who keep in good credit.

  10. NeilPeart |  Jul 10, 2009 at 1:38 pm

    Applied for the card and got approved instantly for $7300. Credit scores in the low 800s.