| Want to know the seven tips for using Rewards | | | | 5. Remember that you won't receive a rebate for |
| Credit Cards? | | | | anything you buy at a warehouse club or department |
| Here you get answers to all your questions. Learn the | | | | store, even if you buy food there. You'll receive a full |
| seven helpful tips for using the Rewards Credit cards | | | | rebate at a supermarket, which the Citi card company |
| which helps consumers to analyze how effectively | | | | defines as a "stand-alone merchant that primarily sells |
| they can use the credit cards. | | | | a complete line of food merchandise for home |
| Features of Rewards credit card that makes | | | | consumption". Note that you'll receive a rebate for |
| consumers to be smart about: | | | | anything you buy at a drugstore or supermarket, even |
| 1. The time to make your monthly payment is on the | | | | if it's not drugs or food that you're buying there. |
| short side, a 20 day "grace period" -- we feel that 25 | | | | 6. If you transfer a balance from another card to your |
| days would have been much more gracious. To avoid | | | | Driver's Edge card, you'll pay zero interest for 12 |
| a late fee of up to $39, pay your credit card bill | | | | months. However, as you purchase more items, you'll |
| promptly. | | | | find that all your monthly payments are going towards |
| 2. Two household members can apply for two | | | | the balance transfer. You won't start paying down |
| accounts separately. This lets a two-car family get | | | | your purchases until you've paid off your transferred |
| rebate for the mileage on both cars. Some people | | | | balance. The interest you'll pay on those purchases is |
| wait a year before getting the second card, in order to | | | | a variable rate that usually hovers between 12% and |
| get another 6% rebate period. | | | | 15%. So if you want a zero percent interest rate, |
| 3. Each Driver's Edge card account has a $1,000 | | | | you're really better off getting some other |
| rebate cap for any 12 month period. If you find yourself | | | | zero-percent card that you'll use only for a balance |
| earning more rebates, consider getting another rebate | | | | transfer, not purchases. |
| card. | | | | 7. Avoid these pitfalls: (1) you must use your rebate |
| 4. Citi reserves the right to terminate your card or | | | | points within five years or they'll expire; (2) if there's no |
| change the terms of the card agreement, but they | | | | transaction on your card for 12 months, your points |
| must give you 30 days notice so you'll at least have | | | | expire; and (3) your "drive rebate" (your rebate for the |
| the chance to convert your rebate points into gift | | | | miles you've driven) must not exceed your rebate for |
| cards. Citi is fairer than most credit card companies, | | | | the purchases you made with your Driver's Edge card. |
| recently announcing that none if it's cards would have | | | | For example if your drive rebate is $100 and you have |
| a "universal default" clause that penalizes you for being | | | | $50 worth of rebate points from purchases, your drive |
| late on any of your payments. | | | | rebate is lowered to $50. |