Something interesting that has happened with the coronavirus pandemic has been how nice the financial institutions have been. It’s almost as if they don’t want to lose out business or something? Either way, as far as credit cards are concerned, many have been extending the amount of time you can earn a sign up bonus. Pretty neat stuff, especially if you did plan to meet that requirement easily, but now are in a situation where you either lost your job, or would rather just hold onto cash for the time being. It looks like we have a new financial institution that is helping out.
Citi is joining American Express, Chase, Bank of America, and even Capital One in extending sign up bonuses! Citi is extending out the bonuses for 3 months for any application between December 1, 2019 and May 31, 2020.
Finally, Citi is joining the party! I find it interesting how each company is handling this sort of thing. Are the extensions automatic? How long do they last for? In Citi’s case, everything will get automatically extended by 3 months, which is great news! The worst is when companies are making you call in, at a time when calls to companies are at record highs.
If you’re looking at applying for a Citi card, this is the time to go for it! With the May 31st deadline, you’ll have until basically December to meet that sign up bonus. That should be plenty of time, even if you’re just buying the necessities.
In comparison to other financial institutions, how do you rate Citi’s extension? Is there a particular card that you’d be interested in getting with these rules in mind? Let us know down in the comment section below.