AT&T and Citi Enhance the AT&T Points Plus Card

AT&T (NYSE:T) and Citi refreshed the AT&T Points Plus Card with new bill discounts, expanded rewards and no annual fee.

Rhea-AI Summary

AT&T (NYSE:T) and Citi refreshed the AT&T Points Plus Card with new bill discounts, expanded rewards and no annual fee. Key benefits include a $10 monthly discount per wireless line and on eligible internet bills with AutoPay and paperless billing, 2x ThankYou Points on AT&T purchases, no foreign transaction fees, and a $20 statement credit each billing cycle after $1,000 in purchases (up to $240 annually).

The card keeps 3x points at gas/EV charging, 1x on other purchases, and maintains World Mastercard protections; variable APRs apply.

Positive

• $10 monthly discount per wireless line and internet bill with AutoPay and paperless billing
• Up to $240 annual statement credits via $20 credit after $1,000 spend each billing cycle
• 2x ThankYou Points on AT&T products and services and 3x at gas and EV charging
• No annual fee and no foreign transaction fees

Negative

• Variable purchase APR of 19.49%–27.49% based on creditworthiness
• High cash advance APR of 29.74% and penalty APR up to 29.99%
• $1,000 monthly spend required to earn the $20 statement credit each billing cycle

Argus Apr 20 session

-1.24% close to close Open Argus

Details

News Market Reaction – T

In the Apr 20 session, T declined 1.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands AT&T’s value proposition by tying the Points Plus Card more tightly to wir...

Analysis

This announcement expands AT&T’s value proposition by tying the Points Plus Card more tightly to wireless and internet services, with monthly bill discounts, bonus ThankYou Points, and potential annual credits up to $240. It follows recent launches like new wireless plans and bundled OneConnect offerings, reinforcing a strategy centered on simplicity and savings. Investors may watch uptake of the card, any disclosure on customer acquisition or retention benefits, and how these incentives interact with broader telecom pricing dynamics.

Key Figures

Wireless bill discount: $10 per line per month Internet bill discount: $10 per month AT&T spend rewards: 2x ThankYou Points +5 more

Wireless bill discount

$10 per line per month

AT&T wireless AutoPay and paperless billing discount

Internet bill discount

$10 per month

Eligible AT&T internet bills with AutoPay and paperless billing

AT&T spend rewards

2x ThankYou Points

On AT&T products and services, including bill payment

Gas & EV rewards

3x ThankYou Points

Spending at gas and EV charging stations

Grocery rewards

2x ThankYou Points

Spending at grocery stores

Cycle statement credit

$20 per billing cycle

After $1,000+ in purchases in a billing cycle

Annual statement credits

Up to $240 annually

Maximum yearly statement credits from monthly $20 rewards

Purchase APR range

19.49%–27.49% variable APR

Purchases, balance transfers, Citi Flex Plans subject to APR

Historical Context

5 past events · Latest: Mar 31

5 events

1. Mar 31

   Bundled connectivity launch

   24h Move

   +0.7%

   Launched OneConnect single subscription for unlimited wireless and home internet.

2. Mar 27

   Dividend declaration

   24h Move

   -1.1%

   Board declared common and preferred dividends payable on May 1, 2026.

3. Mar 18

   App redesign launch

   24h Move

   -1.6%

   Introduced redesigned app with AI assistant and unified service management.

4. Mar 16

   Marketing campaign

   24h Move

   -0.3%

   Launched March Madness campaign highlighting AT&T Guarantee and connectivity.

5. Mar 13

   Wireless plans refresh

   24h Move

   +1.2%

   Refreshed Unlimited Your Way plans, adding AT&T Value 2.0 entry option.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

variable apr, cash advance fee, balance transfer fee, foreign transaction fees, +1 more

5 terms

variable apr financial

"A variable APR of 19.49% - 27.49% based on your creditworthiness, applies to purchases..."

Variable APR is the annual interest rate on a loan or credit account that can rise or fall over time, usually tied to a benchmark like the prime rate. It matters to investors because changing rates affect borrowing costs for companies and consumers, which can alter profits, cash flow and consumer spending — think of it like a thermostat that can raise or lower heating bills unpredictably.

cash advance fee financial

"Cash advance fee – either $10 or 5% of the amount of each cash advance, whichever is greater."

A cash advance fee is a charge a card issuer applies when a customer borrows cash using a credit card or similar service, either as a flat amount or a percentage of the withdrawn sum; interest on that borrowed cash usually begins right away. Think of it like an ATM surcharge plus immediate interest — it matters to investors because it is a recurring, often higher-margin revenue source and a signal of borrower behavior and credit risk that can affect a lender’s profitability.

balance transfer fee financial

"Balance transfer fee – either $5 or 5% of the amount of each transfer, whichever is greater."

A balance transfer fee is a one-time charge a borrower pays when moving outstanding debt from one credit card or lender to another, typically a small percentage of the amount transferred or a fixed dollar amount. It matters to investors because these fees affect consumers’ borrowing costs and the profitability of credit-card and lending businesses—think of it as a moving-company fee that can influence whether people relocate their debt, change spending behavior, or default more easily, all of which can affect lenders’ revenue and risk.

foreign transaction fees financial

"Card benefits now include ... and no foreign transaction fees."

A foreign transaction fee is a small charge that banks or card companies add when a payment involves a different country or currency, like a toll for crossing a financial border. It matters to investors because these fees affect consumer spending choices, merchant costs and the revenue streams of banks and payment processors; changes in fee levels or regulation can alter company profits and customer behavior across markets.

statement credit financial

"If you spend $1,000 or more on purchases in a billing cycle, you will receive a $20 statement credit."

A statement credit is a dollar amount applied directly to a customer’s billing statement that reduces what they owe, similar to a store giving a coupon that lowers your bill after purchase. For investors, statement credits matter because they represent refunds, promotional discounts, or adjustments that can reduce a company’s reported revenue or increase liabilities and affect cash flow, margins and customer-retention costs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS and NEW YORK, April 20, 2026 /PRNewswire/ -- Refreshed card offers new ways for AT&T customers to save money and maximize rewards

Key Takeaways:

• Citi and AT&T introduce new benefits for the AT&T Points Plus^® Card, delivering more value and savings.
• Card benefits now include monthly AT&T wireless and internet bill discounts, 2x ThankYou^® Points on AT&T products and services and no foreign transaction fees.¹
• Customers can continue earning ThankYou Points on everyday purchases like gas and groceries and up to $240 in statement credits annually.

Today, AT&T and Citi announced new benefits for the AT&T Points Plus^® World Mastercard^®, offering monthly discounts on wireless and internet bills, plus more opportunities to earn rewards, all with no annual fee¹.

"Customers have told us they want simplicity, value and savings," said Erin Scarborough, senior vice president of Revenue Management & Commercialization at AT&T. "With this in mind, we partnered with Citi to enhance the AT&T Points Plus Card, helping customers lower their monthly bills, earn rewards and get more out of their everyday purchases."

New Ways to Maximize Value 
The AT&T Points Plus Card is the only credit card that lets customers save on their AT&T wireless and internet bills and earn rewards on AT&T purchases. New benefits include:

• $10 per line monthly discount on AT&T wireless bills and $10 monthly discount on eligible AT&T internet bills when enrolled in AutoPay and paperless billing at AT&T²
• 2x ThankYou Points on AT&T products and services, including bill payment
• No foreign transaction fees¹ when traveling internationally

"Citi and AT&T have a long history of delivering meaningful value to our customers," said John LaCosta, Head of Partnership Cards and Development for U.S. Consumer Cards at Citi. "With the enhanced AT&T Points Plus Card, we're making it even easier for customers to stay connected, save money and get rewarded in their daily lives."

Rewards Powered by Everyday Spending 
In addition to the new benefits, the AT&T Points Plus Card continues to reward customers with statement credits and ThankYou Points on everyday purchases. Customers can earn:

• $20 statement credit each billing cycle after spending $1,000 or more on purchases, now with no additional requirements, making it easier to earn up to $240 annually³
• 3x ThankYou Points at gas and EV charging stations
• 2x ThankYou Points at grocery stores
• 1x ThankYou Points on all other purchases

Through the Citi ThankYou Rewards program, the card offers wide-ranging and flexible redemption options, including travel, gift cards, cash back, shopping at participating retailers and more.

Customers can also continue to enjoy World Mastercard benefits such as Mastercard ID Theft Protection and Priceless Experiences, which offer cultural, culinary and entertainment opportunities.

The new AT&T Points Plus Card benefits are now available to existing customers and new customers can apply at att.com/deals/att-points-plus-citi.

1	AT&T Points Plus Card Pricing: A variable APR of 19.49% - 27.49% based on your creditworthiness, applies to purchases, balance transfers, and Citi Flex Plans subject to an APR. For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. The variable APR for cash advances is 29.74%. The variable Penalty APR is up to 29.99% and may be applied if you make a late payment or make a payment that is returned. Minimum interest charge is $0.50. Annual Fee – None. Fee for foreign purchases – None. Cash advance fee – either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee – either $5 or 5% of the amount of each transfer, whichever is greater. New card members only. Subject to credit approval. Additional limitations, terms and conditions apply. You will be given further information when you apply. Any benefit, reward, service or feature offered in connection with your Card Account may change or be discontinued at any time for any reason, except as otherwise expressly indicated. Citi isn't responsible for products and services offered by other companies. Rates as of 04/20/2026.
2	AT&T AutoPay and Paperless Bill Discount: $10 a month per wireless phone line and/or internet bill ($5 a month for AT&T Internet Air®) if enrolled in both paperless billing and AutoPay with a bank account or the AT&T Points Plus® Card from Citi. Discount reduced to $5 a month per wireless phone line and/or internet bill when enrolled in AutoPay with a debit card. No discount if enrolled in AutoPay with any other credit card ($5 a month for AT&T Internet Air if enrolled in AutoPay regardless of payment method). Wireless customers pay full plan cost until discount starts within 2 bills. Internet customers pay full plan cost until discount starts within 3 bills. Must maintain valid email address to continue discount. AT&T employees, retirees, and IMO consumers are not eligible for the AutoPay and paperless bill discount. Discount is provided solely by AT&T and is not a benefit of the AT&T Points Plus Card from Citi.
3	Citi Statement Credit: You can earn a statement credit on your AT&T Points Plus Card from Citi every billing cycle with qualified spend. If you spend $1,000 or more on purchases in a billing cycle, you will receive a $20 statement credit. The spend amount is based on net new purchases (calculated as total purchases minus total returns and refunds), excluding balance transfers, cash advances, checks that access your Card Account, items returned for credit, unauthorized charges, interest and account fees, travelers checks, foreign currency purchases, money orders, wire transfers (and similar cash-like transactions), lottery tickets, gaming chips (and similar betting transactions).

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

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SOURCE AT&T

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new monthly bill discounts does the AT&T Points Plus Card (T) offer starting April 20, 2026?

The card offers a $10 monthly discount per wireless line and on eligible AT&T internet bills when enrolled in AutoPay and paperless billing. According to the company, discounts apply after 2–3 bills and vary by payment method and product.

How does the $20 statement credit work on the AT&T Points Plus Card (T)?

Cardmembers get a $20 statement credit each billing cycle after spending $1,000 on purchases in that cycle. According to the company, qualified spend excludes balance transfers, cash advances and certain cash-like transactions, enabling up to $240 yearly credits.

What rewards rates does the AT&T Points Plus Card (T) now provide for AT&T and everyday spending?

The card pays 2x ThankYou Points on AT&T products and services, 3x at gas and EV charging, and 1x on other purchases. According to the company, rewards redeem through Citi ThankYou for travel, gift cards, cash back and more.

Are there foreign transaction fees or an annual fee on the AT&T Points Plus Card (T)?

There is no annual fee and no foreign transaction fee on the card. According to the company, these features apply to international purchases, while standard Mastercard protections remain available to cardholders.

What APRs and fees should AT&T Points Plus Card (T) applicants expect?

The card carries a variable purchase APR of 19.49%–27.49%, a cash advance APR of 29.74%, and a penalty APR up to 29.99%. According to the company, balance transfer and cash advance fees also apply as disclosed.

How can new customers apply for the enhanced AT&T Points Plus Card (T)?

New customers can apply online at AT&T promotional pages and enroll in AutoPay and paperless billing to access discounts. According to the company, offers are available now to existing and new applicants subject to credit approval and terms.