AT&T Access Credit Card Review
If you’re an AT&T customers, then you need to be aware of Citi AT&T Access Card. The AT&T Access Card from Citi is a $0 annual fee rewards credit card that offers points and rewards for purchases, travel and online retail made with the AT&T Access Card. The rewards are decent enough as they can be up to 2% on certain online purchases. Additionally, you get the same 2% rewards when you buy AT&T products and services, which can be a good way to reduce your monthly bills and save money on new device purchases. However, if you have a good credit score, you may want to apply for other cash back or rewards cards that offer higher purchase returns.
Just like other Citi rewards cards, the AT&T Access Cards offers rewards with its ThankYou rewards system where you earn ThankYou points that are redeemable for multiple options including gift cards, travel rewards, merchandise, electronics, and more at the Citi Rewards Portal. If you’re a heavy online shopper and an AT&T customer, you may want to take a closer look at what the AT&T Access Card has to offer.
With the AT&T Access Card, you can earn 10,000 sign-up bonus points if you spend up to $1,000 in your first three months of your account opening. This can be worth up to $100 in gift cards when redeemed. Keep in mind, however, that the $1,000 requirement must only be made up of actual purchases. Interests, cash advances, and balance transfers do not count towards it.
ThankYou Points: Earning and Redeeming
AT&T Access Card offers you 2 ThankYou points per dollar on purchases made through eligible retail and travel websites. You also get the same 2 ThankYou points per each dollar you spend directly on AT&T products and services such as cable packages, cell phone plans, electronic devices, accessories, etc. All other purchases outside these two categories will only earn you 1 point per every dollar spent. There are no limits or restrictions as to how much you can earn, and the points you earn won’t expire as long as your account is in good standing and you don’t close it.
The ThankYou rewards points from Citi can be redeemed for almost anything at their Rewards portal. Your options include gift cards, electronics, clothing, cash back, travel fees, and more. Your points can also be used to pay for purchases on certain online merchants such as Best Buy and Amazon.
When it comes to maximizing your rewards, the best way to go is to redeem your points for gift cards and flight bookings. This allows you to redeem your ThankYou rewards points at a rate of $0.01 per point. Other options such as general merchandise have varying point values which often depend on the dollar cost of the redeeming item, usually around $0.005 and $0.009 per point. Shopping with your points online or redeeming in form of cash offer similar values.
Apart from the ThankYou Rewards program, AT&T customers can enjoy other benefits from Citi such as Citi Private Pass, Citi Price Rewind, and Citi Concierge. They are known as Citi Services and includes several protections and protections. AT&T Access Card as well as other Citi issued credit cards come with some of these benefits.
Citi Private Pass
The AT&T Access Card comes with the Citi Private Pass service. This service gives you special access to a particular website where you can purchase tickets to thousands of events, including VIP packages and pre-sale tickets to concerts, dining experiences, sporting events, and other shows every year.
Citi Price Rewind
When you purchase an item with your AT&T Access card, Citi Price Rewind searches hundreds of online merchants for that item you bought. If that item is found at a lower price before the end of 60 days after your purchase, the difference will be reimbursed to your credit card. Refunds can be up to $500 per item, while the maximum payout per year for the Price Rewind program is $2500.
Another benefit customers can get from the AT&T Access Card is the Citi Concierge which gives you access to experts and staffs who are available round the clock to assist you in getting things done much faster. Tasks like shopping, entertainment, dining, travel, etc., are easier and convenient when doen with Citi Concierge.
Subject to certain restrictions and limitations, customers may be entitled to reimbursements and refunds on items that are reported stolen, lost, or damaged within 90 days of purchase. For New York State residents, this period can extend to up to 120 days.
Other Benefits include car rental assurance, $0 liability on unauthorized charges, travel accident insurance, extended warranty as well as trip cancellation or interruption protection. AT&T Access Card from Citi also gives you the flexibility to decide and choose your own payment due date at the beginning, middle or end of the month. This can be very helpful if you’re having problems with monthly cash flow.
Fees and Charges
AT&T Access Card from Citi does not incur any annual fees, which means you can enjoy all the rewards at a zero annual fee. For use of your card abroad, there is a fee of 3% for foreign transactions. Charges on balance transfers can be as high as 5% or 3%. For cash advances, fees are around 5% or $10. You will be assessed a fee of up to $35 for late and returned payments.
Overview of the Pros and Cons of AT&T Access Card
Zero Annual Fees: AT&T Access Card from Citi incurs no annual fee. This makes it a great option for customers who don’t spend much or shop heavily enough to earn rewards to offset annual charges.
Solid and Flexible Rewards Program: The ThankYou Rewards system is a very versatile and solid one. AT&T customers who regularly purchase items and travel tickets online can earn 2x points on a large chunk of their spending. Redeeming this for gifts cards gives a return of up to 2%. The ThankYou program also gives you several options for which you can redeem your points.
Limited Bonus Options: You can earn 2x points on AT&T purchases and earn the same on qualified retail and travel websites, but you can’t get any bonus points for categories such as dining or gas.
Low Earning Rate: For non-AT&T purchases, non-online retail purchases and non-travel bookings, you earn only 1 point per $1 you spend.
No Intro APR Period: The AT&T Access card does not have a 0% APR on purchases made, interest payments and balance transfers. It is not suitable for you if you want to save money on large purchases and transfer of high-interest balances.
Poor Points Redemption Value: While there is a versatile and solid rewards system laid down, it is not totally perfect. For certain point redemptions such as cash, points are valued at just $0.005 per point, and you need a minimum of $50 (10,000) points before you can redeem them.
High Penalty APR: A single late or returned payment can result in a penalty APR of up to 28% depending on your creditworthiness. This is a major drawback of the AT&T Access Card.
High Foreign Transaction Fee: You may want to leave your card at home when travelling abroad. The 3% foreign transaction fee can be a major disadvantage especially for people who routine visit other countries.
Lack of Cell Phone Protection Plan
The AT&T Access Card may have been specifically designed for its own customers, however, the lack of a cell phone protection plan can make it a bad option for some people. Some may argue about the purchase protection which applies to cell phones as well as other electronics, but it is only in place for 90 days. This is in contrast to cell phone protection plan which can be in place for years.
Тhе АТ&Т Ассеss Саrd frоm Сіtі mау nоt bе аmоng thе mоst рорulаr rеwаrds сrеdіt саrds іn thе wоrld. Тhаt іs bесаusе іt іs sресіаllу dеsіgnеd fоr АТ&Т сustоmеrs whо usе thеіr саrd tо рау bіlls suсh аs рhоnе, іntеrnеt, саblе, аnd рurсhаsе nеw dеvісеs аnd еlесtrоnісs frоm АТ&Т. Іt’s аlsо usеful fоr реорlе whо раtrоnіzе оnlіnе rеtаіlеrs аnd рurсhаsе trаvеl оnlіnе, but уоu mіght wаnt tо lооk еlsеwhеrе іf уоu’rе а sеrіоus trаvеlеr.
Κеу bеnеfіts іnсludе nо аnnuаl fее, brоаd 2х саtеgоrіеs, аnd vеrsаtіlе rеwаrds рrоgrаm vіа ТhаnkYоu Rеwаrds. Drаwbасks іnсludе thе lоw bаsеlіnе еаrnіng rаtе, lасk оf а 0% АРR іntrоduсtоrу рrоmоtіоn, рооr vаluе оn саsh rеdеmрtіоns, 3% fоrеіgn trаnsасtіоn fее, реnаltу іntеrеst сhаrgеs оn раst-duе bаlаnсеs, аnd nо сеll рhоnе рrоtесtіоn рlаns оr оthеr vаluе-аddеd bеnеfіts fоr АТ&Т сustоmеrs. Оvеrаll, thіs саn bе thе реrfесt сhоісе fоr АТ&Т lоуаlіsts, frеquеnt dоmеstіс trаvеlеrs, аnd реорlе whо dо lоts оf shорріng оnlіnе, but оf соursе, thеrе аrе bеttеr rеwаrds сrеdіt саrds аvаіlаblе fоr еvеrуоnе еlsе.
Dереndіng оn your choice, thіs соuld bе thе реrfесt саrd fоr уоur sреndіng nееds – оr nоt.
David is a financial expert who graduated from the University of Fordham (Master in Finance) in 2001. He has 10+ years of experience in private equity and wealth management. With strong expertise in senior-level financial planning, personal financial analysis, and mortgages, David knows his way around personal finance. Before working at CCR he used to be a financial analyst at McKinsey.
- Cash Management
- Trade Finance
- Working Capital Finance
- Student Loans
- Wealth Management