Citi Customized Money Card Overview: 5% money again in your prime spending class

Citi Customized Money Card Highlights

• Card sort: Cash back, 0% APR, Stability switch
• Welcome Bonus: $200 money again after you spend $1,500 on purchases within the first 6 months of account opening (this bonus supply shall be fulfilled as 20,000 ThankYou® Factors, which may be redeemed for $200 money again)
• Annual price: $0
• Rewards: 5% money again on purchases in your prime eligible spend class every billing cycle, as much as the primary $500 spent (then 1% money again thereafter), limitless 1% money again on all different purchases.

Overview

With the Citi Customized Money Card, you’ll earn most money again the simple approach. Bonus rewards mechanically apply to the primary $500 you spend in any certainly one of ten eligible classes every month. No registration is required, and also you don’t have to pick out a class forward of time. There aren’t any annual charges, which is nice on your funds. However, watch out for international transaction charges in case you journey internationally.

New clients can earn a money bonus after assembly spending necessities. Plus, there’s a 0% intro APR promotion on stability transfers and purchases to remove curiosity costs whereas paying off your debt. Past these presents, the cardboard presents restricted advantages and protections, which is disappointing when in comparison with competing money again bank cards.

Who’s the Citi Customized Money Card good for?

The Citi Customized Money Card is good for individuals who need to earn most rewards wherever they spend probably the most every month. They’re usually busy with work and household, so that they don’t need to miss out on additional rewards simply because they forgot to activate a promotion or choose which class earns a bonus. These clients additionally don’t need to pay an annual price that might cut back the whole amount of money again they earn.

Prospects on the lookout for additional time to repay their stability would additionally profit from the Citi Customized Money Card. The cardboard options an intro APR promotion for each stability transfers and purchases for 15 months. This promotion eliminates curiosity costs in your balances and purchases in the course of the promotional interval so your whole funds go towards decreasing the stability as a substitute of protecting curiosity costs.

Who shouldn’t get a Citi Customized Money Card?

Should you’re seeking to maximize the rewards earned in your month-to-month purchases, the Citi Customized Money Card will not be for you. Just one eligible class of rewards qualifies for the 5% money again price, and the bonus money again is proscribed to the primary $500 you spend every billing cycle. All different purchases earn simply 1% money again. Many competing playing cards have a number of money again classes or wouldn’t have such a small cap on spending.

Large spenders may even be dissatisfied with the Citi Customized Money Card. They’re higher off with a card that doesn’t restrict how a lot money again you’ll be able to earn. As an alternative, they need to select a card with limitless reward potential to seize probably the most rewards on their bigger purchases, even when the class bonus price is decrease than this card.

Citi Customized Money Card: The way to earn rewards

There are three main methods to earn rewards with the Citi Customized Money Card. By making the most of these alternatives, you’ll maximize money again in your purchases.

Welcome bonus 

New cardholders can earn $200 money again after you spend $1,500 on purchases within the first 6 months of account opening (this bonus supply shall be fulfilled as 20,000 ThankYou® Factors, which may be redeemed for $200 money again). These rewards may be redeemed for an announcement credit score, direct deposit to your checking account or a test mailed to your deal with.  

Earn as much as 5% on bonus classes

Every billing cycle, you’ll mechanically earn 5% money again on purchases in your prime eligible spend class every billing cycle, as much as the primary $500 spent (then 1% money again thereafter).  You don’t have to decide on a class forward of time, nor do it’s a must to register for any promotions. When maximizing this bonus alternative, you’ll earn not less than $300 money again annually with the Citi Customized Money Card.

Eligible classes embrace: 

• Drugstores
• Health golf equipment
• Gasoline stations
• Grocery shops
• Residence enchancment shops
• Dwell leisure
• Eating places
• Choose streaming providers
• Choose journey preparations
• Choose transit

Limitless 1% money again on on a regular basis purchases

All purchases that don’t qualify for five% money again rewards, earn limitless 1% money again on all different purchases . There aren’t any limits on how a lot you’ll be able to earn, and your rewards don’t expire so long as your account is open and in good standing.

The way to redeem Citi Customized Money rewards

Cardholders have quite a few methods to redeem their Citi Customized Money Card rewards. Rewards earned are posted to your account as Citi ThankYou factors, which may be redeemed in a number of methods.

Money again rewards

Get money again that you need to use nevertheless you need by redeeming factors for money again. The money again arrives as an announcement credit score, direct deposit to your checking account or a test that’s mailed to your property.

Present playing cards

Redeem factors for present playing cards to dozens of shops. You should use the present playing cards your self or give them to family and friends as items or to allow them to know you’re considering of them.

Journey

Guide flights, resort rooms and extra by redeeming your Citi Customized Money rewards on your subsequent trip. When reserving journey by way of the ThankYou portal, there aren’t any blackout dates or different limitations that you simply would possibly expertise when utilizing airline miles or resort factors.

Mix with Citi Premier factors and switch to companions

Should you maintain quite a few ThankYou points-earning playing cards, you’ll be able to mix the factors into one account. When you have a Citi Premier card, you’ll open up a variety of journey switch companions the place you need to use factors or miles to guide your travels.

Store with Factors

When purchasing at Amazon.com, use your ThankYou factors to cowl some or your whole buy quantity. Hyperlink your accounts by including your Citi Customized Money Card to your Amazon cost strategies. At checkout, choose your card and sort in what number of factors you’d prefer to redeem towards your buy. However remember to test how a lot worth you might be getting as it might be less expensive to redeem your rewards for money at one cent per level, then use these rewards towards your purchases.

Citi Customized Money Charges and Charges

• Intro APR: 0% introductory APR for 15 months from account opening (after that, the variable APR shall be 19.24%–29.24%)
• Intro Stability switch price:
• Buy APR: 19.24%–29.24% variable
• Stability switch: 19.24%–29.24% variable
• Stability switch price: $5 or 5% of the quantity of every switch, whichever is bigger
• Annual price: $0
• International transaction price: 3% of every buy transaction in U.S. {dollars}

Further advantages

• Automated account alerts. Keep up to date together with your card stability, costs, funds and different exercise by activating e mail or textual content alerts.
• Contactless pay. This chip-enabled card permits cardholders to buy extra safely by tapping the cardboard reader at taking part retailers.
• Free entry to your FICO rating. Handle your credit score rating by accessing your free FICO rating anytime. Be taught which elements are affecting your rating so you’ll be able to create a technique to realize your credit score rating targets. It’s up to date month-to-month and obtainable on-line or by way of the Citi cellular app.

Bank cards much like Citi Customized Money

The Citi Customized Money Card is interesting to customers who need to mechanically earn the very best rewards on purchases with out remembering bonus classes or registering for promotions. Nonetheless, this money again bank card isn’t the best choice for all spending types. Earlier than making use of for this card, contemplate these options which can be a greater possibility.

Citi Double Money vs. Citi Customized Money Card

Whereas the Citi Customized Money maximizes rewards on one class, the Citi Double Money presents enhanced rewards on each buy. You’ll earn 1% once you make purchases plus a further 1% as you repay your stability. This 2% money again potential permits you to earn most money again with out worrying whether or not the acquisition qualifies for a bonus class. Rewards may be redeemed for money again, or you’ll be able to switch them to chose lodges and airways.

As a brand new cardholder, you’re eligible for a $200 money bonus once you spend $1,500 throughout the first six months. This card additionally gives a stability switch supply for 18 months with an intro 3% price ($5 min). Whereas its stability switch supply is longer than the Customized Money Card, it doesn’t present the identical interest-free financing for purchases.

Financial institution of America Custom-made Money Rewards vs. Citi Customized Money

With the Bank of America Customized Cash Card, you’ll be able to select which class you need to earn 3% money again. You get to select from six classes and may swap your choice as soon as every billing cycle. Plus, you’ll mechanically earn 2% money again at grocery shops and wholesale golf equipment. Prospects with bigger deposit and funding balances might qualify for Most popular Rewards, which will increase your money again on each buy by as much as 75%.

Bonus money again is on the market on the primary $2,500 in mixed purchases every quarter, and all different purchases earn 1%. Whereas the highest bonus price is decrease than Citi’s 5% prime price, the Financial institution of America card has a better spending cap, which makes it simpler to maximise money again on bigger purchases.

Is the Citi Customized Money Card best for you?

The Citi Customized Money Card is the perfect money again bank card for individuals who need to earn most money again with out fear. The cardboard mechanically offers as much as 5% money again on the eligible class you spend probably the most every month, then 1% on all different purchases. You don’t must register for any promotions or pre-select which class the bonus applies to. Moreover, this card offers an intro 0% APR promotion on purchases and stability transfers to offer you additional time to repay your debt. This promotional rate of interest helps repay outdated bank cards or giant purchases with out incurring any curiosity costs.

Should you’re on the lookout for limitless money again or further perks, you’re higher off with a competing card. Its 5% money again is proscribed to the primary $500 you spend in your prime class every billing cycle. Whereas the cardboard has no annual price, its advantages are restricted and don’t embrace helpful options like buy safety or an prolonged guarantee.

Regularly requested questions

Is it onerous to get a Citi Customized Money Card?

The Citi Customized Money Card is straightforward to get, even in case you don’t have excellent credit score. Whereas your approval odds are greater with higher credit score, you will get authorized with fair credit.

Can I exploit the Citi Customized Money Card for fuel?

Gasoline purchases are certainly one of ten bonus classes eligible for as much as 5% money again. If fuel is your greatest expense every month, you’ll earn 5% money again on the primary $500 you spend every billing cycle. All different purchases earn a vast 1% money again.

How do I improve my Citi Customized Money credit score restrict?

Banks assign credit score limits primarily based in your revenue, debt funds, credit score rating and different elements. A better revenue gives more cash to deal with month-to-month funds and repay your money owed. Paying down your money owed reduces your month-to-month bills and reveals the financial institution that you may deal with debt responsibly.

Does the Citi Customized Money Card have a international transaction price? 

If you are going to buy objects in international foreign money, corresponding to purchasing abroad, the Citi Customized Money Card costs a 3% international transaction price. 

Please be aware that card particulars are correct as of the publish date however are topic to vary at any time on the issuer’s discretion. Earlier than making use of, please contact the cardboard issuer to confirm charges, charges, and advantages.

The content material on this web page is correct as of the posting date; nevertheless, among the presents talked about might have expired.