Good afternoon everyone. A few month ago, I wrote My Experience Product Changing / Converting / Downgrading to the Citi Custom Cash Credit Card. In that post, I shared my experience product changing from the Citi AT&T Access More Credit Card to the Citi Custom Cash Credit Card. At the beginning of this year, I had 3 Citi AT&T Access More cards but by mid June, I had converted them all to Citi Custom Cash cards. In this post, I will share why I loved the Citi AT&T Access More and why I stopped loving the cards over the years.
First things first, the Citi AT&T Access More is no longer available to new applicants and Citi recently stopped allow people to product change to this card. With that info out of the way, here is why I used to love this card. Instead of a traditional sign up bonus, this card offered a $650 statement credit after you purchased a new AT&T phone. On September 20, 2016, I purchased a new AT&T phone (I honestly can’t remember which phone it was, but that’s not important). This card earns 3x Citi ThankYou Points on AT&T purchases and online purchases; 1x on everything else.
About a month and half later, on November 3, 2016, I received the $650 AT&T Phone Offer Credit.
Every cardmember year when you spend at least $10,000 on this card, you would earn 10,000 Citi ThankYou Points as an anniversary bonus. This would usually post 1-2 months after your annual fee posted.
Like I said earlier, I had 3 Citi AT&T Access More cards and would make sure to spend at least $10,000 on each card to earn the 10,000 anniversary bonus points.
Unfortunately my love for these 3 cards has decreased over the years. Firstly, the 3x category of “online purchases” seemed to get more restrictive year after year to the point where you wouldn’t know if a specific online purchase would trigger the 3x category bonus. Secondly, Citi ThankYou Points decreased in value over the years with the loss of the Citi Prestige 1.6 CPP toward American Airlines tickets and the loss of the Citi Premier 1.25 CPP toward airline tickets. Points are now only worth 1 CPP toward gift cards, travel, statement credit, etc. and the only way to get more value is through Citi’s transfer partners. Lastly, these credit cards each have $95 annual fees and no other perks. By the end, I was spending $10,000 per cardmember year, earning mostly 1x, and paying a $95 annual fee in order to earn 10,000 points that are worth $100. The math just didn’t make sense. Enter the Citi Custom Cash cards.
The Citi Custom Cash cards offer 5% cash back (in the form of Citi ThankYou Points) on the first $500 spent each month in a specific category and 1% cash back on everything else. The current sign up bonus is $200 cash back (actually 20,000 Citi ThankYou Points) after spending $750 in the first 3 months. Unfortunately, the sign up bonus is only available for new card members, not for product changes.
Since the Citi Custom Cash has no annual fee or large spending bonus, I can hold onto these cards and use them when it works best for me. For example, if I knew I had a large restaurant bill (say $1,500) coming up, I could charge $500 to each of the 3 cards and earn 5% cash back across all 3 cards. Likewise, if I had a large home improvement project or long distance road trip with lots of stops at gas stations, I could spend $500 on each card to max out the monthly bonus. I could also designate 1 card to be my grocery card, another card to be my restaurant card, and the last card to be my gas station card. The possibilities are endless.
If you have any questions about product changing to the Citi Custom Cash Credit Card or about the 5% cash back bonus categories, please leave a comment below. Have a great day everyone!