Menu
Personal finance
GE Capital Purchasing MetLife Bank

Washington DC Might Divest from Bank of America, Wells Fargo

Miles By Discover Offers Relief to Noncommittal Travelers

Collection Agencies Resurrecting Old Debts Through Credit Card Offers

Treasury Doubles Purchase Limits on Electronic Savings Bonds

Cordray’s First Move as CFPB Head: Regulate Nonbanks

Weekly Wrap: Bank of America’s Worst Week Ever?

Dear U.S. Banks, Your Business Model Stinks

Shadow Banking Due for Some Time in the Spotlight

Weekly Wrap: Banking Slowly Dissolves?

Under the Roofs of Coffee Shops You’ll Find Your Online Bank

Brokerage Checking Still a Competitive Choice

Beware the Mirthful FOMC Meeting

Did ING Direct Customers Overreact to the Capital One Purchase?

No Balance Transfer Fee Offers Reappear But Hard to Exploit

Russell Simmons’ RushCard Lowers Fees, Is Still Bad

The Reason Why Freddie Mac Doesn’t Want to You to Refinance

New Bank Perks Cater to Tech-Savvy Customers

St. Louis Fed President: Raise Interest Rates

Whitney Warns: Banks to Banish Middle Class

Dime Savings Cites Regulations in Switch to State Charter

FDIC to Banks: Start Lending Again!

Weekly Wrap: Grey Days and a Sideshow

Weekly Wrap: Banking’s Spring Is Still Far, Far Away

American Express and Gen Y: BFF?

Citi Offers New Way to Spend Rewards
Citi continues to add more ways for cardmembers to spend their rewards points. Starting today, Citi customers can use their ThankYou points to purchase event tickets through LiveNation.com.

ThankYou Rewards members will be able to spend their points when they make the purchase. Additionally, if there aren’t enough points to fund the ticket purchase, customers can also charge the remaining balance of a purchase on a Citi debit or credit card that participates in the ThankYou Rewards program.

Depending on the Citi account, customers may earn ThankYou points on special offers and purchases.

Citi is in talks with a few other merchants, Ralph Andretta, head of co-brands and loyalty for credit cards at Citi, told Dow Jones Newswires. However, Andretta declined to name them. “We are constantly looking for ways to remove friction from the redemption process,” Andretta said.

The partnerships with LiveNation.com and other merchants mark the expansion of Citi’s plan to offer more options for using their rewards points. Citi already allows cardmembers to pay for travel, through it online travel-booking tool, with points.

In January, Citi introduced a Facebook application that allowed ThankYou Rewards members to pool together their points for a collective goal, such as a wedding gift or charitable donation. It was an extension of an earlier function that enabled customer-to-customer transfers of points.

Also, in August, Citi released a new mobile app in collaboration with Best Buy. The app allows customers to scan merchandise barcodes to see how much items would cost in terms of points. Customers could then order the items for delivery or in-store pickup.

Citi is not the only card-issuer that is coming up with more ways for cardmembers to redeem rewards points. American Express has a similar relationship with Ticketmaster. Chase allows its Sapphire Preferred cardmembers to transfer points to other frequent flier programs. With Discover’s mobile app, customers can redeem electronic gift codes that can be presented in-store at checkout.

Äëÿ ïå÷àòè

Weekly Wrap: Astrology is Bunk

Refinancing Your Mortgage Lines the Pockets of the Biggest Banks

Experian Unveils New Credit Score for the Underbanked

New Upromise Credit Card Gives 10% Cash Back at Major Online Retailers

The Best Experiences Your Credit Card Can Buy This Summer

Citi Offers New Way to Spend Rewards

Fed Study: CD Rates Are Less Attractive

Wells Fargo Raised Checking-Account Fee, Slashed Bill-Pay Fee

Weekly Wrap: Get Bullied, Get Rich

Taibbi: No Difference Between Banks and the Mafia

Why You Should Probably Raise Your Credit Limit, Especially When You Don’t Want the Money

Accounts Push Relationship Banking

Weekly Wrap: LIBOR Aside, You’re Still in Control


Articles
Fed Report Shows Mobile Banking Empowers the Underbanked

Top Gas Credit Cards to ‘Refill’ Your Wallet

Prepaid Cards for Payroll Purposes: Fair to Workers?

Weekly Wrap: Mobile Banking’s Onward March

Banks Close Revenue Gap from Overdraft Fee Losses

Banks Lack Social Media Efforts… Oh Really?

SpringCoin: Out to Automate Credit Counseling

Could Student Loan Forgiveness Help the Economy?

Chase United MileagePlus Club Card Takes Flight

Caviar and Champagne With Your Checking Account?

Weekly Wrap: Cash Rules Everything Around You? Not For Long

SmarterBank’s Checking Account Helps Pay Off Student Loans

Chinese Furious Over Banking Fees

Banks Should Use Prepaid Cards to Hook ‘Em While They’re Young

Prepaid Travel Debit Card Provider Eyes U.S.

Sallie Mae Credit Card Helps Pay Back Student Loans

Post-CARD Act, Banks Shift to Prepaid on Campus

Weekly Wrap: Things Are Not as They Seem

Gen Y Eyes Retirement with Rose Tinted Glasses

Low Interest Rates: A Ticking Time Bomb?

Are Discover Partner Gift Cards Worth the Rewards Points?

Kony Solutions’ Branding Problem: Bank Software Firm Has Killer’s Name

Weekly Wrap: Fancy Gadgetry, No Money

Weekly Wrap: Millenials’ Big Day at the Races

UFB Direct Adds Money Market Account With 1.15% APY