This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. What is written in the article is the editor's opinion.
- Citi Offers to Compete With AMEX Offers “Soon”
- Swapping AMEX for Citi: Bye Platinum, Hello Prestige? And Bye, EveryDay Preferred, Hello ThankYou Premier?
- Citi Prestige: No Luck Getting a $350 Annual Fee In-Branch, and Why to Apply ASAP
I wrote before about seeing hints that Citi might compete with AMEX Offers “soon.”
Looks like it’s here!
This is the first I’ve seen of this, so I’m excited to see what Citi will continue to do with Citi Smart Savings offers.
Here’s what I got on my accounts.
What’s Citi Smart Savings?
When I checked, my offers were:
- 20% cash back from Starbucks
- 10% cash back from Sears
- 10% cash back from Hilton
- 10% cash back from Chili’s
- 10% cash back from Sports Authority
It’s interesting that it’s in a cashback format as a percentage instead of having to spend “X” amount and get “X” amount as a statement credit, like AMEX Offers does.
To see what’s on your account, click “Card Benefits” after you log in, and look at the bottom right corner to find “Offers For You.”
Also interesting to note, I only had Citi Smart Savings for my Citi Hilton Visa, not for my brand new Citi Prestige card or Citi AAdvantage AMEX.
I had an inkling this would come along before Black Friday and the busy holiday shopping season, because when I logged in a few days ago I saw this message under my Citi Hilton Visa account:
How it works
It seems to be like AMEX Offers in that you simply select the offers you want, and add them to your card.
I added the Starbucks offer to my Citi Hilton Visa, and saw I could earn a max of $4 back from a single purchase by December 21st, 2015.
And, it works for loading up your Starbucks card online.
The Hilton offer is better. You have to spend between $200 and $500, and can earn up to $50 back. Same expiration date of December 21st, 2015. But only valid at Hilton Hotels, so not any of their sub-brands. Might be useful for my upcoming trip to Barcelona!
And at Chili’s, you can earn up to $12.50 back. Not bad!
Same expiration date, and also valid online.
All of the offers I saw expire on December 21st, 2015, so they’ll likely be adding more before then, with expiration dates further into the future.
I expect to see frequent offers for Hilton, because Citi issues a couple of Hilton cards, and so does AMEX. So Citi will probably aggressively try to direct business toward their own cards.
It’s nice to see offers at Starbucks, Sears, Chili’s, and Sports Authority: it’s a nice variety of department stores, speciality stores, and restaurants. And it shows Citi is already interested in a variety of offers.
Maybe they’ll rapidly add more next week to prepare for the onslaught of shopping at the end of the month.
I also got a message in September that Citi was working to add this to their mobile app. I’ve noticed more updates in the past few weeks, and expect this functionality on their mobile app soon, too.
Again, just like AMEX.
It seems Citi Smart Savings is intended to be Citi’s direct competition with AMEX Offers.
I’ve always, always said, when banks compete, you win.
Citi Smart Savings are nothing earth-shattering – yet – but it’s a nice, modest start, and hopefully they’ll ramp up efforts soon enough.
The Citi Hilton Visa is a no annual fee card, so all of these offers are easy moneymakers, assuming you’re going to spend the money with the participating merchants anyway.
I’ll continue to keep an eye on it and hope the 5 on my account are the first of many!
Check your Citi accounts! Please comment if you have different or better offers, because AMEX is known to target certain cards.
Because this program is new, it’ll be interesting to see what offers are available, and who’s being targeted for them.
Do you have any Citi Smart Savings offers?
BEST Current Credit Card Deals
- Chase Sapphire Reserve - 50,000 Ultimate Rewards points - My review of this card.
- Discover it® Cashback Match™ Card - $50 after 1st purchase within 3 months of account opening - Why I love this card!
- Hilton Surpass Amex - 85,000 Hilton points - Why I picked up this card.
- Chase Hyatt card - 40,000 Hyatt points and a free night at a Category 1 through 4 hotel each year on your cardmember anniversary - Here are 5 great hotels to redeem your free night!