Credit cards have many benefits. If used properly, credit cards can help you help you build and maintain excellent credit, earn great rewards, and pay off debts. While the benefits are great, choosing the right card can be tricky. There are different credit cards to meet a plethora of different needs, and it gets even more complicated because each credit card company has multiple different cards.
How are you supposed to know where to start? To make it a little easier we’ve done some detailed research on Citi credit card to give you a good place to start. Citi is a well-known name with many card options, so there’s sure to be a card that’s good for you. Read on for all you need to know about Citi credit card.
What is a Citi Credit Card?
Citi credit card is a credit card issued by Citibank. Actually, it’s multiple credit cards. Citibank is a well-known bank so you can expect their credit cards to have some good perks. Citibank issues credit cards to meet varying needs. Like with any other bank, you need different levels of credit to get approved for different Citi cards. Since Citibank has many credit cards, this article will focus on some of the best ones. With the Citi cards mentioned here, you’ll be able to build your credit, rack in rewards, get travel perks, and more.
There are many uses for credit cards, and Citibank has a card for all of them. Here are some of the best Citi cards and the common uses for them:
For Building Credit
If you don’t have credit, it’s hard to sign up for a credit card and the perks that come with them. Building credit isn’t only important because you’ll need it to get approved for other credit cards, it has many other benefits too. Having credit, specifically good credit is important for taking out loans, starting a business, mortgaging a home, renting an apartment, and more.
The Citi Secured Mastercard is the best Citi card for people who need to build credit. This credit card has no annual fee, and it updates multiple credit bureaus about your statement and payment history to help build your credit. It works similar to a prepaid card and gives you the ability to build the credit you need to apply for better credit cards. Keep in mind you need a $200.00 minimum security deposit for this card.
Avoiding Late Fees
Most people who use credit cards have suffered at least one late fee, if you haven’t, that’s impressive. Late fees never feel good, especially if you remember to make a payment a day later. Most people probably just accept that the occasional late fee goes hand in hand with having a credit card, but that’s not always the case. The Citi Simplicity Card is has a perk, unlike many other cards. With this card, you never have to pay late fees. Plus in addition to that incredible perk, you also have 0% APR on all balance transfers and purchases for the first 18 months. There’s also no annual fee.
For Balance Transfers
If you have a high balance on another credit cards and your interest is too much, you could benefit from a balance transfer. The Citi Diamond Preferred Card is great for balance transfers because it has a 21 month long 0% APR on balance transfers. The only catch is the transfer has to be made in the first four months after opening the card. There’s also no interest on purchases for the first 12 months and no annual fee to use this card. This card also offers $0 liability on authorized purchases and theft protection so you can feel safe while you use it.
One of the biggest perks of credit cards is the rewards you can get for free. If you only use your credit card for purchases, you have the money for and stay on top of your monthly payments; then you get rewarded for buying things you need, anyway. Some people say you should always use credit cards on all purchases you can pay off because of the rewards. Yes, you can get rewarded for going out to eat or even picking up toilet paper. There are multiple Citi cards great for reaping in rewards.
Citi Double Cash Card is great for rewards. This card not only offers a 1% cash-back reward for every purchase you make, but you get another 1% cash-back when you pay off your purchases. There’s no cap on the amount of rewards you earn, so as long as you’re paying your bill in full each month, this is a great card for racking up rewards. You can redeem your cash-back rewards as a statement credit, checks, or gift cards. Plus this card also has no annual fee.
Another great Citi credit card for cash-back perks is the Citi ThankYou Preferred Card. With this card, you get the perk of interest-free purchases for the first 15 months and 0% APR on balance transfers for the first 15 months. This card is great for rewards because you get 2 points for dining out and entertainment and 1 point for all other purchases. That’s right this card gives you an incentive to go out and do things you enjoy. With this card, you can redeem rewards in the form of gift cards to stores and restaurants. There’s no limit on the points you can earn, and they never expire. Plus this card also has no annual fee.
A step up from the Citi ThankYou Preferred Card is the Citi ThankYou Premier Card, and you’ll need some excellent credit to get approved for this one. With this card, you get 3 points on travel purchases, and that includes trips to the gas station. On top of that, you get 2 points on dining and entertainment and 1 point for all other purchases.
The sign-up bonus for this card is that you earn 60,000 points if you spend 4,000 in the first 3 months. That’s $750.00 towards airfare on any airline, anytime or $600.00 in gift cards. The points you earn on this card never expire, and they have no limit. Plus this card has no foreign transaction fees on purchases made abroad. There is a $95.00 annual fee for these perks, but this fee is waived for the first year.
For Travel Rewards
If you’re an avid traveler or want to become an avid traveler, then there’s a Citi credit card for that. The Citi AAdvantage Platinum Select World Elite Mastercard works with American Airlines to get your travel perks. As a startup bonus, this card gives you 50,000 American Airlines AAdvantage miles if you spend $2,500 in the first 3 months. Other than that you earn 2 AAdvantage miles for every dollar spent at gas stations, restaurants, and on eligible American Airlines purchases. Another perk of this card that makes it excellent for travel is that it has no foreign transaction fees.
Plus as a Citi AAdvantage Platinum cardholder, you get your first checked bag on domestic American Airlines flights for free, and you can carry that over for up to four other passengers that book with your reservation. You also get preferred boarding on American Airlines flights with this card and get a 25% savings on food and beverages purchased with this card on American Airlines flights.
Another travel rewards card offered by Citi is the American Airlines AAdvantage MileUp Card. With this card, you get 2 AAdvantage miles for every dollar spent on eligible American Airlines purchases and grocery stores and 1 AAdvantage mile for every dollar spent on all other purchases. Just like with the pervious card, you get the perk of a 25% discount on food and drinks purchased on American Airlines flights. The bonuses for this card are more easily achievable. If you spend $500 in the first 3 months, you get 10,000 American Airlines AAdvantage miles and a $50.00 credit on your statement.
Citi’s got a card for the business traveler too. The CitiBusiness AAdvantage Platinum Select World Mastercard is a great card for business travel. Similar to the other travel perk cards Citi provides, with this card you get 2 AAdvantage miles for every dollar spent on eligible American Airlines purchases and 1 AAdvantage mile for every dollar spent on other purchases. What makes this card different is that it’s made for businesses so with this card you also get 2 AAdvantage miles for every dollar spent on telecommunication merchants, rental cars, and cable and satellite providers.
This card also comes with a bonus, and if you spend $4,000 in purchases in the first 4 months, you earn 70,000 American Airlines AAdvantage miles. Plus this card has no foreign transaction fees, provides preferred boarding on American Airlines flights, and gives you a free first checked bag on domestic flights. To get the perks of this card, you need to pay a $99.00 annual fee, but it is waived for the first year.
For College Students
Rewards are extra appealing for college students, and the Citi ThankYou Preferred Card for College Students is a great choice for the college student who wants to earn points and build credit too. With this card, students get 2 points for every dollar they spend on eating out and on entertainment and 1 point for every other purchase. This card comes with a good bonus, and by only spending $500.00 in the first 3 months students will earn 2,500 bonus points. Plus to make it easier on students this card is interest-free for seven months, and there’s no annual fee.
Is it a Good Credit Card?
Citi cards are good credit cards, and each Citi credit card in this article is good for the purposes mentioned. Depending on the one you pick, they’ll help you build credit, earn rewards, help you transfer debt, and get you traveling more. Citi cards are also good because most of them come with an interest-free period on purchases, transfers or both. Most Citi cards also come with an enticing sign-up bonus. Most of the cards mentioned here also have no annual fee, and if they have an annual fee because of great perks, then it’s waived for the first year. There are lots of reasons that Citi credit cards are good.
To summarize, if you’re new to credit cards and trying to build credit, then the Citi Secured Mastercard is the best pick for you. If you have trouble with late fees, then the best card is the Citi Simplicity Card. It’s one of the few cards on the market that never charges late fees, and that’s incredible. For balance transfers, the Citi Diamond Preferred Card is the best card because it gives you an impressive 21 months interest-free.
For rewards, the best option is Citi Double Cash Card. This card is unique in that you get cash-back for purchases you pay and cash-back for purchases you make, that’s twice as much. The perks of the three travel rewards card mentioned in this article are similar, but the best one is The Citi AAdvantage Platinum Select World Elite Mastercard, this card gives you the best bang for your buck, and you don’t have to be a business to get it. Last, Citi ThankYou Preferred Card for College Students is the best option for college students.
Credit cards are super useful. One of the best perks of credit cards is that you get free money, points, and rewards just for making everyday purchases. Each Citibank credit card on this list comes with rewards. The cards mentioned in this article also help you build credit, deal with debt, and give you travel incentives. Each Citibank credit card on this list is a good credit card, picking the best one depends on your needs. Whatever your credit card needs, one card on this list will meet them, and now you have all the information you need to choose.