Citi Cash Back Cards: Which Is Right For You?

citi cash back cardsIf you’ve been considering getting a Citi Bank credit card, you might be surprised to find just how many options there are. Between travel rewards cards, cash back cards, balance transfer cards, and so much more, it’s easy to get overwhelmed by your options.

One classic choice when it comes to credit cards is a cash back card. When you use these cards wisely, you can benefit from getting money back every time you make a purchase.

There are four Citi Cash Back Cards that you’ll want to look at if you want to benefit from rewards but aren’t interested in travel points.

Which of these cards is right for you? Let’s take a look at the different options.

Citi Double Cash Credit Card

One of the top Citi cash back cards is the Citi Double Cash Credit Card. With this card, you earn cash back twice. First, you earn 1% cash back when you make a purchase, and then you earn another 1% back when you pay off those purchases.

The Citi Double Cash APR for purchases is variable between 13.99% and 23.99% depending on your creditworthiness.

This card also offers an introductory 0% APR for balance transfers for eighteen months. Once the intro period is up, the variable APR is 13.99% and 23.99%, also dependent on your creditworthiness.

While there is an intro 0% APR for balance transfers, that doesn’t mean there isn’t a fee. It will cost either 3% of the amount of each transfer of $5, depending on which amount is greater.

It’s worth noting that you don’t earn cash back on balance transfers. You’ll also want to consider that your purchases will collect interest unless your entire balance, including balance transfers, is paid in full each month.

And what about the Citi Double Cash Card annual fee? One of the great things about this card is that there isn’t one.

Are you curious about the Citi Double Cash limit and what to expect when it comes to the line of credit you’ll be offered? According to WalletHub, the minimum you’ll be offered is $500 but it could be quite a bit more than that depending on your creditworthiness. Unfortunately, there is no maximum disclosed by Citi, but you can be certain that the higher your credit score is and the lower your debt to income ratio the higher credit limit you can expect.

Citi Custom Cash Card

The Citi Custom Cash Card adapts to your monthly spending. With this card, you can earn 5% cash back on what you buy in your highest eligible spend category. However, this reward is capped up to the $500 spent each billing cycle.

On top of that, you’ll receive an unlimited 1% cash back on all of the other purchases you make.

You can redeem your points in a number of different ways. You can get your cash back as a statement credit, as a direct deposit, or as a check. There are additional ways you can redeem your points including Shop with Points at Amazon.com, travel, and gift cards.

There’s also an introductory offer you can take advantage of. If you spend $750 on purchases in the first three months after you open the account, you can earn $200 cash back. For the first 15 months, you can also benefit from a 0% intro APR for both balance transfers and purchases.

(Interested in how you benefit the most from credit card welcome offers? Learn more about churning credit cards here.)

For balance transfers, the fee is 5% of the amount of each transfer or $5, depending on which amount is greater. Another perk is that there isn’t an annual fee for this card.

Costco Anywhere Visa Credit Card by Citi

Do you shop at Costco all the time to reap the benefit of buying in bulk? If so, you might consider getting the Costco cash back rewards card. This is designed exclusively for Costco members and doesn’t have an annual fee, though you will need to have a Costco membership.

As far as rewards go, this card comes with:

  • 4% back on eligible gas, including gas purchased at Costco for the first $7,000 spent each year followed by 1% after that
  • 3% back on eligible travel purchases and restaurants around the world
  • 2% on all other purchases from Costco.com and Costco stores
  • 1% on all other purchases you make

There is a 15.24% variable APR for purchases with this card.

Are you wondering whether it’s even worth getting a credit card? Check out this article to learn ten benefits of using credit cards.

Costco Anywhere Visa Business Credit Card

The Costco Anywhere Visa Business Card can help you support your business initiatives by earning cash back rewards. Designed exclusively for Costco members, there’s no annual fee when you have a paid Costco membership.

As far as rewards go, this card comes with:

  • 4% back on eligible gas, including gas purchased at Costco for the first $7,000 spent each year followed by 1% after that
  • 3% back on eligible travel purchases and restaurants around the world
  • 2% on all other purchases from Costco.com and Costco stores
  • 1% on all other purchases you make

There is a 15.24% variable APR for this card.

Which Citi Cash Back Card Is Right For You?

No matter what you’re looking for out of a cash back card, Citi likely has an option that will work for you. Both the Citi Custom Cash Card and the Citi Double Cash Credit Card are great options for people who want to regularly earn cash back on all of their purchases. For regular Costco shoppers, one of the two Costco card options could be the right choice.

Did you find this article about the different Citi cash back card options helpful? If so, you’ll want to check out our credit card resources here.

Which of these cards is the right choice for you? Let us know in the comments!

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