Simon Destination Retailer purchases (including select online purchases) can earn you 5% back, and everything else 1.5%. Your earnings are distributed as redeemable statement credits that post to your account each billing cycle. In addition, this card also features a $150 welcome bonus redeemable against statement credits after spending $1,000 in 90 days.
Although this card comes without an annual fee, its rewards structure may not seem attractive at first glance. Both 5% and 3% categories have annual spending caps set at $10,000 which may present an insurmountable obstacle for frequent shoppers; otherwise there are better mall cards that provide greater value.
Citi ThankYou Premier Card offers 2% cash back at Simon, as well as other stores and bonus categories, making its rewards more valuable and offering cash, gift cards, or Amazon shopping options to maximize its benefits.
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