Citibank is adding a new rewards credit card to its smart card pilot, according to bankrate.com, giving customers the option to redeem reward points with the push of a button at the time of checkout.
The Citi ThankYou Prestige 2G Card features two buttons on the front. One reads “Regular Credit” for making purchases just as you normally would. A second button marked “Request Rewards” redeems rewards points or cash rewards, and applies them to your purchase. Each time a button is pressed, the card is activated and a corresponding light will turn on to confirm the option selected.
The Citi ThankYou Prestige 2G pilot card will be launched later this year. Each 2G credit card will come with a battery, an embedded chip, a card-programmable magnetic stripe as well as the two buttons on the front of the card allowing you to choose between paying with credit or applying rewards cash or points toward the purchase.
Using technology from Dynamics Inc., the 2G cards are the same size and shape as other credit cards, but feature an electronic magnetic stripe that programs itself with the corresponding data once you select a payment option.
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