Citi and AT&T offer co-branded credit card with up to $350 savings a year

Citi and AT&T have partnered for a new card offering to allow customers earn a $50 bonus savings credit on a new AT&T Universal Savings and Rewards Card between June 29, 2010 and August 15, 2010. Consumers who open a new AT&T Universal Savings and Rewards Card will receive a $50 bonus savings credit when they spend $50 or more within the first three months of becoming a cardholder.

Holders of the AT&T Universal Savings Cards gain savings on AT&T purchases and services – up to 10% during the first 12 months and 5% ongoing. Customers receive these savings as an automatic statement credit, and can save up to $350 a year, says the official statement.

Apart from special savings feature the new card allows AT&T Universal Savings and Rewards customers to earn 1 ThankYou® Point for every $1 spent on non-AT&T transactions via the Citi® ThankYou Rewards Network. Other benefits of the cards include the following:

• No annual fee
• 2 free directory assistance calls and 30 prepaid calling minutes per month
• Access to free tools, such as mobile banking and shopping tools, e-mail and text alerts, billing date options and automatic payments.
• Zero liability on unauthorized purchases
• Fraud Early Warning with 24-hour protection from fraud and Citi Identity Theft Solutions
• Retail Purchase Protection; Auto Rental Insurance; Emergency Travel Assistance; Travel Accident Insurance
• Access to Citi’s free, industry-leading credit education program, Use Credit Wisely, at http://www.usecreditwisely.com.