All posts by Leonard Kreicas

AT&T Access Credit Card

AT&T Access Card from CitiThe new AT&T Access credit card from Citi replaces the discontinued AT&T Universal Savings and Rewards Credit Card with ThankYou points.

AT&T offers a sign up bonus and extra rewards on some retail and travel websites paid out as ThankYou Points. However the new card is neither a Visa Card or Mastercard, but part of Citi Retail Services program. Here are some pros and cons of the card.

PROS

  • Introductory bonus of 10,000 ThankYou points for opening account
  • Two reward points with eligible online retail and travel websites
  • Two reward points when buying tablets or phones directly from AT&T
  • Presale and VIP events
  • No annual fee

CONS

  • Not part of the Visa or Mastercard network
  • Points lose half their value when redeemed for cash
  • Limited selection of redemption options.

RATES & FEES

  • 13.99% to 22.99% APR (Annual Percentage Rate) on purchases and balance transfers
  • 25.24% APR for cash advances, i.e. when you use the card to get cash at an ATM, plus a 5 % fee ($10 min)
  • 29.99% APR if make late payment or if payment is returned
  • No recurring annual fee
  • Up front 3% balance transfer fee
  • 3% foreign transaction fee to purchase items billed outside the United States

VERDICT

The AT&T Access Card does best as a secondary card. For most people other cards may have lower interest rates and better rewards. Not having the features and benefits of a Mastercard or Visa Card family can limit its usefulness in some cases.

Several other credit cards have better introductory offers with no annual fees. Discover It card features generous 5% cash back in useful rotating categories on a quarterly basis. The 3-2-1 cash back rewards of the American Express Blue Cash Everyday card works great for most shoppers.

CITI RETAIL SERVICES

Though Citi Retail Services isn’t a household name, the stores it partners with may be. Here are some of the places who market their credit cards using Citi’s expertise in the credit card industry.