Thursday, August 11, 2022

Which Citibank Credit Card Is Easiest To Get

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Each time you apply for a credit card, the lender checks your credit score as part of your application process. The lender needs to know if you are a trustworthy borrower and your credit score and history are the biggest indicators of that. Unfortunately, you cant avoid a credit check when applying for a credit card unless you apply for a second card with the same provider.

Discover It Cash Back: Best For Low Interest

Why we picked it: The Discover it Cash Back, like several other Discover cards, offers a low regular interest rate of 11.99% to 22.99% variable APR, ideal for the occasional balance.

Pros: The ongoing rewards and the first-year bonus feature are impressive: 5% cash back on rotating quarterly categories , and Discover will match all the cash back you earn at the end of your first year. Add to that, there is no annual fee.

Cons: Unfortunately, purchase and travel benefits are nonexistent. Plus, theres no traditional sign-up bonus on this card. Instead it matches the cash back you earn in the first year. That means youll be waiting a year for that bonus rather than receiving it within the first one to three months as is typical.

Who should apply? With an incredible cash back rate, this low-interest card offers a lot of potential value to those who can make the most of its rotating quarterly bonus categories. Youll need to have good or excellent credit in order to be approved.

Who should skip? If youre looking for instant gratification by way of a massive welcome bonus, this cards end-of-first-year cash back match may not be for you. Likewise, travelers hoping for perks and benefits wont get much out of this card beyond cash back.

Read our Discover it® Cash Back review.

The Citi Diamond Preferred Card Is Right For You If:

You have credit card debt, and you need as much time as possible to pay it off.

The Citi® Diamond Preferred® Card does one thing very well, and that’s balance transfers. There are with more benefits, but they also have shorter balance transfer offers. If it’s going to take you 21 months or longer to pay off your credit card debt, this Citi card will likely save you the most money.

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Best No Fee Cash Back Credit Card

The Tangerine Money-Back Card earns you 2% cash back in two chosen spending categories and 0.5% on everything else. Thereâs a total of 10 bonus categories to choose from â including everything from groceries and gas, to restaurants, public transit, hotel stays, and more.

It also currently features a welcome offer of 15% back when you spend up to $1,000 in everyday purchases within your first 2 months. Offer expires December 31, 2021.

Why we like it:

Two percent on bonus categories is one of the richest return rates for a no fee credit card. The freedom to choose your bonus categories is also great, as is the fact your cash back is refunded on a monthly basis .

Additional perks:

This card offers a 1.95% promotional interest rate on balance transfers for new cardholders for the first six months. If you state that you earn at least $60,000 during the application process, youâll get bumped up to the higher-tier Tangerine World Mastercard and get additional benefits like mobile device insurance and rental car coverage.

Mission Lane Cash Back Visa Credit Card: Best For Building Credit + Earning Rewards

Citi Rewards+ Credit Card Review 2021

Why we picked it: The Mission Lane Cash Back Visa is an unsecured card, meaning no deposit required. Its also an instant approval credit card. So youll know right away whether you qualify with no impact on your credit score.

Pros: You can earn unlimited cash back rewards on all purchases. And as soon as you make your first six payments on time and youre in good standing, youll be eligible for a higher credit limit.

Cons: Your starting credit limit may only be $300. And if you dont pay off your balance each month, youll get stuck paying a high variable interest rate of 26.99% to 29.99%.

Who should apply? Anyone looking to earn rewards while working to improve their credit score should consider this card, especially if they dont want to tie up funds in a secured credit card.

Who should skip? This isnt the card for you if you tend to carry a balance from month to month. If thats the case, youll be better off with a credit card with a lower APR.

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Best Store/retail Credit Card

If you regularly cross off your shopping list at Shoppers Drug Mart and Loblaws banner grocery stores , then the PC Financial World Elite Mastercard is a no brainer.

The premium, no-fee retail credit card earns between 45 to 30 PC Optimum points per dollar spent at affiliate retailers , and 10 PC points per dollar everywhere else you swipe the card . With over 4,500 retail and gas locations affiliated with the PC Optimum program, thereâs no shortage of opportunities to rack up bonus points.

PC Optimum points can be redeemed for purchases from Shoppers Drug Mart and Loblaws banner grocery stores in increments of 10,000 points for $10.

To qualify for the PC Financial World Elite, youâll need to earn an annual income of $80,000 . If you donât hit those minimum income requirements, the good news is you can still qualify for PC Financialâs other great no fee retail credit cards.

Why we like it:

Thanks to its impressive earn rates of between 4.5% to 3% and its partnership with some of Canadaâs largest grocery, pharmacy, and gas station brands, the PC Financial World Elite stands out for being one of the best no fee credit cards for purchasing household essentials.

It also doesnât hurt that the PC Optimum Points program is extremely easy-to-understand and flexible .

Additional perks:

Are You Loyal To A Citi Partner

If youre a frequent flyer with an allegiance to American Airlines, or a shopper with a Costco membership, Citis co-branded cards could have plenty to offer you. The Costco Anywhere Visa® Card by Citi offers cardholders cash back on gas, restaurant, travel purchases and purchases from Costco and Costco.com. Additionally, casual travelers and travel hackers alike can find value from one of Citis AAdvantage credit cards. Cardholders can earn points for flights and get several benefitslike free checked bags and discounted in-air purchasesto make traveling with American Airlines more enjoyable.

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Do Citi Credit Cards Have Car Rental Insurance Or Travel Protection

Citi removed travel and purchase protections from most of its credit cards in 2019, including coverage like trip cancellation and interruption insurance. If you’re booking travel and want extra protection, it’s best to use a card from a different bank, such as the Chase Sapphire Preferred® Card or Capital One Venture X Rewards Credit Card.

You can find the top options in these guides:

Citi Thankyou Points Are Easy To Earn And Redeem

Secured Card Build Credit | 5 Credit Cards Easy Approval | Citibank

Compared to all of the other Citi credit cards, the Citi Premier has the most robust set of bonus categories. Youll earn 3 points for every dollar you spend on air travel, hotels, gas stations, supermarkets and restaurants , and 1 point per dollar on all other purchases. Plus, theres no limit to the number of points you can earn.

This also brings up a second reason that the Citi Premier pairs well with the Citi Double Cash Card. Since the Citi Double Cash earns 2% cash back on everything you buy 1% when you make a purchase, and another 1% when you pay it off and you can convert your cash back to ThankYou points when you also have the Citi Premier, you can effectively maximize the rewards youre earning on all your purchases by having both cards.

How? Well, if you have both cards in your purse or wallet, youd pull out the Citi Premier whenever youre making a purchase in one of its bonus categories in order to earn 3 points per dollar, and then youd pull out the Citi Double Cash Card for everything else to earn 2% cash back, which is effectively 2 points per dollar when you convert the cash back into ThankYou points. That way youre always earning at least twice as much as the basic 1 point per dollar on everything you buy.

Citi ThankYou Rewards Transfer Partners
Airlines
Choice PrivilegesWyndham Rewards

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Apply For A Citibank Credit Card

How to apply for a Citibank credit card? Visit the Citibank credit card website, click on your credit card of choice, read through the Citibank credit cards eligibility requirements. Select the Apply Now option and you will be guided through a series of questions and online application forms.

To check on your Citibank credit card application, call the Citibank customer service hotline at 6225 5225. Once youve received your credit card, you will need to follow the instructions on the welcome booklet to activate your new Citibank credit card. Do note that Citibanks credit card requirements for foreigners may be different from that of Singaporeans.

Citi Custom Cashsm Card

Earn and redeem rewards with a card that adapts to fit your life. With the Citi Custom CashSM Card, earn extra cash back in the eligible category you spend the most in each billing cycle. Plus, you can enjoy a low intro APR on new purchases and balance transfers for the first months as a new cardholder, all with no annual fee.1

Earn $ cash back after you spend $ on purchases in the first months of account opening. Plus enjoy our low intro APR for months.1

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Best Citi Credit Cards: Compare Top Options Of 2022

One of the best Citi cards for many types of cardholders is the Citi® Double Cash Card 18 month BT offer. It lets you earn simple, easily redeemable rewards at a high rate.

Editorial Note: The content of this article is based on the authors opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Citi is an advertising partner

Comparing The Citi Premier And Chase Sapphire Preferred

The Top Best Secured Credit Card of February 2021

Both the Citi Premier and the Chase Sapphire Preferred have $95 annual fees, so theyre comparable in cost. With the Sapphire Preferred, youll earn Chase Ultimate Rewards points, which transfer to a different set of partners than Citi ThankYou points. Chase offers three hotel partners in addition to 11 airline partners, while Citi has more partnerships available but only two hotel partners.

Chase also offers more domestic partner opportunities, such as United Airlines and Hyatt hotels, while Citi focuses on international carriers. But Citi partners with many airlines that dont partner with anyone else, such as Turkish Airlines.

The Chase Sapphire Preferred also offers many shopping and travel protection benefits. For example, if your flight is delayed overnight, causing you to have to fly out the following morning, the Sapphire Preferred will reimburse you for any unexpected out-of-pocket costs such as a night at a hotel, food and taxis up to $500 per passenger.

While the Citi Premier no longer offers these nice-to-have perks, it does have more bonus categories, and in some cases at a higher rate. For instance, the Citi Premier earns 3 points per dollar on travel purchases, whereas the Chase Sapphire Preferred earns only 2 points per dollar unless you book through Ultimate Rewards.

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Citi Secured Mastercard: Best For Building Credit

  • What we love about the Citi Secured Mastercard: Youll get the standard credit-building tools, plus a higher-than-average credit limit compared to other secured credit cards.
  • Who this card is good for: People working on their credit. This is an easily accessible card meant to help people with lower scores build up their credit.
  • Alternatives: Its rare that a secured credit card earns substantial rewards, but if you were hoping to find one that does, consider the Discover it® Secured Credit Card. Discover it Secured cardholders will earn 2 percent cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, then 1 percent. Plus, it earns unlimited 1 percent cash back on all other purchases.

Jump back to offer details.

What’s The Difference Between Visa And Mastercard

This is one of the most common questions about credit card companies. Just about every place that takes credit cards takes both Visa and Mastercard, with only a couple of exceptions , so consumers are left wondering whether there’s a difference at all.

The most important thing to remember is that neither Visa nor Mastercard issues credit cards. These companies are just payment networks that process transactions. Most of the benefits that come with a card are provided by the card issuer, not the network. And since their acceptance rates are nearly identical, you’re better off focusing on the features of individual cards rather than which network they operate on. Read more about Visa vs. Mastercard.

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Selecting A Rewards Credit Card

Generally speaking, cards that earn you points are usually best used for travel redemptions. These cards will likely give you other ways to cash out your points, but the majority of the time, you get the most value for your points when redeeming for travel. Similar to cash-back cards, you want to pick a card that gives you the most points on the categories you spend the most money. You also want to figure out what type of travel you prefer you could get an airline-branded credit card or a hotel-branded one. There are also credit cards that allow you to redeem for any type of travel. Regardless of what you go with, you need to know how the reward programs work so you can maximize your points.

Avant Credit Card: Best For No Foreign Transaction Fee

How to Apply for a Citibank Credit Card on BankBazaar.com

Why we picked it: Compared to many credit-building cards, the Avant Credit Card offers a relatively high credit limit to start and requires no security deposit.

Pros: This card allows potential applicants to check if theyre preapproved without dinging their credit. The application process is quick and applicants generally receive a decision in as little as 60 seconds.

Cons: This card offers no rewards and is generally short on perks beyond its lack of a foreign transaction fee.

Who should apply? This card could be a match for credit-builders looking to boost their score without putting cash down for a security deposit. Travelers will like its lack of foreign transaction fees.

Who should skip? Someone hoping to earn rewards will be disappointed by this cards lack of a rewards program. Those who tend to carry a balance should be mindful of the high APR .

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Choosing A Credit Card

If you’re a beginner to credit cards, see our step-by-step guide to choosing a credit card. It starts by helping you figure out what cards you can qualify for, then walks you through deciding what kind of card best fits your needs. The process in short:

  • Check your credit. The higher your credit score, the more likely you are to qualify for the best cards. NerdWallet offers free access to credit scores.

  • Narrow your choices. If you want a rewards card, do you prefer cash back or points, and how much effort are you willing to put into managing your rewards? If you’re looking to save money on interest, do you need a 0% introductory period, or a low ongoing rate? Do you need to do a balance transfer? Are you a student or a business owner who could benefit from a specialized card?

  • Apply for a card that gives you the best overall value.

  • » MORE:How to pick the best credit card for you

    Costco Anywhere Visa Business Credit Card By Citi

    Earn Costco cash back rewards on all of your business spending with the Costco Anywhere Visa® Business Card by Citi. Receive 4% cash back on eligible gas for the first $7,000 per year, 3% cash back on restaurants and eligible travel, 2% cash back on all other purchases from Costco and Costco.com, and 1% cash back on all other purchases. When you have the Costco Anywhere Visa® Business Card by Citi, business purchases mean Costco benefits.

    Earn cash rewards with a card designed exclusively for Costco members.

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    Citi / Aadvantage Platinum Select World Elite Mastercard Credit Card

    Enhance your travel with the Citi® / AAdvantage® Platinum Select® World Elite Mastercard®. Earn AAdvantage® miles on every purchase and double miles on restaurant, gas station and eligible American Airlines purchases. Youll also receive in-flight benefits like preferred boarding and first checked bag free for you and up to 4 travel companions on domestic itineraries: for travel thats rewarding in more ways than one.

    Earn American Airlines AAdvantage® bonus miles after $ in purchases in the first months of account opening.

    Discover It Miles: Best For Airline Miles

    Citibank Credit Card

    Why we picked it: You can temporarily avoid interest on new purchases, thanks to this cards 15-month 0% introductory APR offer on purchases . If youre planning overseas travel, youll also appreciate the lack of foreign transaction fees.

    Pros: This Discover travel card earns 1.5 miles per dollar on all purchases, and Discover will match the miles youve earned at the end of your first year all without an annual fee.

    Cons: There are two potential drawbacks: Miles cant be transferred to frequent flyer loyalty programs, and there are no annual bonuses beyond the first year miles Match.

    Who should apply? Globetrotters and even infrequent budget travelers will love the flexibility and overall value of this low-interest travel rewards card.

    Who should skip? If youre particularly loyal to one airline or a certain alliance, youre probably better off going with a carrier co-branded credit card. And if travel is not your main spending category, look into rewards cards that offer 3% to 5% back in the categories that do matter to you.

    Read our Discover it® Miles review.

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