Citi Forward Card Review & Improved Offer – $100 Gift Card Bonus

As I was reminded in my best cash back credit cards post, the Citi Forward card is a great rewards card for those who spend a lot on restaurants and at Amazon.com. That’s not everyone, but sure sounds like me in my 20s. Okay, okay… it sounds a lot like me now. What can I say, I still love food, friends, and Amazon Prime 2-day shipping. I have this card saved as the default card on my Amazon.com account for the 5x points, choosing this card over the Amazon-branded credit card. Why?

The Citi Forward Card earns 5 points for every $1 you spend on restaurants, book stores including Amazon.com, video rental stores, and movie theaters. On everything else, you get the plain vanilla 1 reward point for every $1 spent. The important part is that I have confirmed that all Amazon.com purchases count as a bookstore under their categorization system (books, textbooks, music, electronics, cool pumpkin-carving tools, etc).

The news here is that they just added a new 10,000 ThankYou point sign-up bonus, redeemable for $100 in gift cards for new cardholders to stores like Home Depot, Macy’s, Gap, etc. You must make $650 in purchases and sign up for paperless statements within the first 3 months. That is the best sign-up offer they have ever had for this card, as I got this card when it first came out.

Alternative for 10k points include a $100 Amazon.com gift card, or you can also get a check for $100 towards your student loan and/or mortgage. You also get another 100 points each month just for paying your bill on time and not going over your credit limit. No annual fee.

Find more in Credit Cards, Deals & Offers | 10/20/11, 5:15am | Trackback

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Office Supply Retailers Offer Guidance Ahead of Conference

Office supplies retailer OfficeMax (NYSE:OMX) reported an updated forecast for the third quarter and second half of the 2011 fiscal year today, prior to its presentation at a Goldman Sachs (GS) retail conference.

OfficeMax said it now expects third quarter sales to be slightly lower than the third quarter of 2010, and that sales in the second half of the year will be slightly higher than last year's second half.

CEO Ravi Saligram said the company is experiencing a soft back-to-school season driven by a price conscious consumer and weaker technology sales.

Rival Office Depot (ODP) reported a rosier picture ahead of its presentation at the same conference, and said its back-to-school sales and gross margin are up 1.5% compared to the prior year.

It did say that same-store sales are down quarter-to-date through August.

For MarketNewsVideo.com, I'm Kristin Bianco.

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Verigy Receives Revised Offer from Advantest

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Genzyme Reminds Sanofi Offer is Too Low

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