updated 5/10/2010 10:50:33 AM ET 2010-05-10T14:50:33

Citi is offering six $5,000 prizes for customer who go paperless.

—How It Works: Customers who enroll for online statements or online letters before July 10 are eligible. Citi card holders can have their names entered twice — by opting for online statements as well as online letters, which includes other correspondence about accounts.

Account holders who don't have a Citi credit card can only opt for paperless statements. There will be six cash prizes of $5,000 each.

—The Catch: Those already enrolled for paperless statements before April 18 aren't eligible.

—A Word of Caution: Don't rush to sign up if you feel your paper statements serve as a good reminder to review your account regularly.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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