March 16, 2025: A Reddit post indicates new applications for the Citi Rewards+ card will no longer be accepted in a few days. This information apparently comes from a Citi employee. This rumor comes from a Reddit user who has a history of posting correctly about upcoming product changes.
Would existing Rewards+ cardmembers get to keep their cards?
If this rumor is true, the natural question would is, “Will Rewards+ cardholders get to keep their cards?”
On one hand, you could point to the precedent set by the Citi Dividend card, which is Citi’s discontinued 5% rotating category card. It’s probably been a decade since that card was discontinued, but existing cardmembers (including this post’s author) have been able to keep the card.
On the other hand, when Citi discontinued the Citi Forward card, it eventually forced cardmembers into converting their cards into a ThankYou Preferred card.
While there is no way to know for certain what Citi would do, my guess is that current cardmembers would get to keep cards as is for quite some time. The Citi Rewards+ card doesn’t have any broken categories—at most you’ll earn two ThankYou Points per dollar. And the Rewards+ card probably costs Citi less than the Dividend card to maintain since Citi doesn’t have to market changes to the card quarterly.
What you should do
If you think you will ever have any interest in the Citi ThankYou Rewards® ecosystem of credit cards, you should probably apply for the Rewards+ card now. When you combine your ThankYou Points accounts, you’ll receive a 10% rebate on the first 100,000 points you redeem, across any of the cards in your combined account.
Assuming you’re cashing at least 100,000 ThankYou Points each year, that’s 10,000 ThankYou Points for not much more than simply holding onto an extra account.
Bottom line: Citi might be discontinuing the Rewards+ card
While this is an unconfirmed rumor, there is a reasonable chance that Citi might be discontinuing the Rewards+ card soon.
