Get a Citi Rewards card that is useful for all your purchases and gives you all the Mastercard benefits.
Using a practical credit card, which is accepted in thousands of establishments around the world and which has a good credit limit is extremely advantageous.
That’s why we’ve brought you all the details about the card, so you can decide whether it’s interesting and compatible with your current routine.
Citi Rewards
No annual fee High APRHow does the Citi Rewards work?
Citi Rewards is a traditional credit card, available to customers with a good credit history in the market.
Therefore, it is a card that will have a limit according to each customer’s profile and as the consumer makes payments on time, it is possible to have a progressive increase in the card limit.
Additionally, purchases are scored according to the category, and can have 5x more points depending on the category.
For car rentals and hotels, you can earn 5x points per $1 spent. For purchases at supermarkets and gas stations, you earn 2x points, and all other purchases earn 1x point per $1 spent.
You can even use your points to exchange for products or discounts on Amazon and BestBuy. You can also use your points to get travel benefits and exclusive discounts.
Main benefits of Citi Rewards
In general terms, Citi Rewards is a card that stands out because of the accumulation of points, providing an advantageous payment method.
With a zero APR rate for 15 months, the card provides you with advantageous transactions and has no annual fee.
Therefore, it is an interesting payment method for different customer profiles. It is possible to earn up to 20 thousand points after spending $1500 in the first three months of opening the card.
Furthermore, it is a credit card that does not charge an annual fee, which makes all the difference when it comes to making good purchases using your credit card.
In short, it is a credit card that is worth using, so that you can accumulate benefits on all your transactions and travel more.
In addition to traveling using points, you can make purchases on websites such as Amazon and BestBuy, and purchase gift cards with your accumulated points.
Points do not expire, which means you have a good chance of accumulating a significant number of points before making the exchange.
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Cons of Citi Rewards
It’s important to know that despite being full of benefits, Citi Rewards also has some negative points. One is the fact that it only has a zero APR for a few months.
After the initial 15 months of using the card, the APR is 17.74% to 27.74% depending on what your credit history is.
Additionally, there are other fees that need to be considered before applying for your card. So, be sure that it is a payment method that fits your budget.
Another relevant point is that the card may not be accepted in some locations and that there are transaction fees for international purchases.
By checking the negative points, you can be sure that the card fits into your shopping journey and that it will be positive for your budget.
APR and fees
Citi Rewards has a zero APR rate for 15 months. However, after this period, the customer will have an APR of 17.74% to 27.74% depending on the credit analysis carried out by the team.
In the case of balance transfers, the initial fee is 3% and after the first 4 months of using the card the fee increases to 5%. However, the minimum amount to be charged per transfer is $5.
If the customer transfers an amount that 3% does not equal $5, the fee charged will be $5. Therefore, it is advantageous to consider the costs and fees involved, so that you can calculate whether it is worth using the card as a payment method.
How to apply for Citi Rewards
It’s natural to want to apply for your Citi Rewards now that you know the main benefits and costs of the card.
However, the good news is that the card is easy to apply for. Just go to the company’s official website, so you can be clear about all the costs and fees that the company charges.
By reading all the details, you can be sure that the card is advantageous for your financial needs.
Then, click apply now and start filling in all your personal information.
The data will be evaluated by the company’s credit team, which takes some time. The professionals will contact you to inform you whether the card has been authorized.
If your application has been approved, the card will arrive at your address within a few days, so you can start using it in your transactions, allowing you to start using all the benefits in your routine.
