Citi is rolling out a new credit card that will round up the number of rewards points that consumers earn in an effort to get them to use their credit cards for smaller, routine purchases.
The Citi Rewards+ credit card C, +2.95% will launch on Jan. 10 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. After that, a variable APR (between 15.74% and 25.74%) kicks in for purchases and balance transfers. The national average APR on rewards cards was 17.37% as of this week, according to CreditCards.com.
