Today Citi announced a new credit card created in partnership with MySpace, called the Citi Forward. It features a few incentives to consumers for managing their credit wisely, including lowering the purchase interest rate by 0.25% when cardmembers make a purchase, stay under their credit line and pay on time 3 months in a row. In addition, you’ll earn 100 ThankYou Points each billing period for paying on time and staying under the credit line.
Citi customers with a Citi mtvU Visa will also note the Citi Forward’s uncanny resemblance. Similar to the mtvU card, the Forward earns 5 ThankYou Points for every $1 spent on restaurants, books, music and movies. More importantly, the Citi Forward does not require that you be a student in order to apply.
Other noteworthy benefits of the Citi Forward include:
* 6,000 bonus ThankYou points after spending $50 in 3 months
* 5,000 bonus ThankYou points when you sign up for paperless statements within 3 months
* 0% APR on both purchases and balance transfers for 6 months (though balance transfers do incur a 3% uncapped fee)
* No annual fee
