Our take: The Citi Customized Money® Card earns as much as 5% money again robotically on the class you spend probably the most every month. You don’t should manually activate or choose a class forward of time.
Professionals
- Earn as much as 5% money again
- Bonus money again robotically applies to highest eligible spend class with out having to register
- 15-month 0% promotional APR for purchases and steadiness transfers
Cons
- Month-to-month spending cap of $500 for bonus class
- Just one class at a time is eligible for additional rewards
- Fees international transaction charges
Citi Customized Money Card Highlights
- Card kind: Money again, 0% APR, Steadiness switch
- Welcome Bonus: $200 money again after you spend $1,500 on purchases within the first 6 months of account opening (this bonus provide might be fulfilled as 20,000 ThankYou® Factors, which might be redeemed for $200 money again)
- Annual payment: $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 method. Bonus rewards robotically apply to the primary $500 you spend in any considered one of ten eligible classes every month. No registration is required, and also you don’t have to pick a class forward of time. There are not any annual charges, which is nice to your finances. However, watch out for international transaction charges in case you journey internationally.
New prospects can earn a money bonus after assembly spending necessities. Plus, there’s a 0% intro APR promotion on steadiness transfers and purchases to get rid of curiosity costs whereas paying off your debt. Past these provides, the cardboard provides 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, in order 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 prospects additionally don’t need to pay an annual payment that would cut back the overall amount of money again they earn.
Prospects on the lookout for additional time to repay their steadiness would additionally profit from the Citi Customized Money Card. The cardboard options an intro APR promotion for each steadiness 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 lowering the steadiness as a substitute of masking 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 is probably not for you. Just one eligible class of rewards qualifies for the 5% money again charge, 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 don’t have such a small cap on spending.
Large spenders will even be upset with the Citi Customized Money Card. They’re higher off with a card that doesn’t restrict how a lot money again you possibly can earn. As a substitute, 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 charge is decrease than this card.
Citi Customized Money Card: How one can earn rewards
There are three major methods to earn rewards with the Citi Customized Money Card. By profiting from 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 provide might be fulfilled as 20,000 ThankYou® Factors, which might be redeemed for $200 money again). These rewards might be redeemed for an announcement credit score, direct deposit to your checking account or a test mailed to your handle.
Earn as much as 5% on bonus classes
Every billing cycle, you’ll robotically 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 you must register for any promotions. When maximizing this bonus alternative, you’ll earn a minimum of $300 money again annually with the Citi Customized Money Card.
Eligible classes embrace:
- Drugstores
- Health golf equipment
- Fuel stations
- Grocery shops
- Residence enchancment shops
- Reside leisure
- Eating places
- Choose streaming companies
- 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 are not any limits on how a lot you possibly can earn, and your rewards don’t expire so long as your account is open and in good standing.
How one can 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 might be redeemed in a number of methods.
Money again rewards
Get money again that you should utilize nonetheless 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.
Reward playing cards
Redeem factors for present playing cards to dozens of shops. You should utilize the present playing cards your self or give them to family and friends as presents or to allow them to know you’re considering of them.
Journey
E-book flights, resort rooms and extra by redeeming your Citi Customized Money rewards to your subsequent trip. When reserving journey by the ThankYou portal, there are not any blackout dates or different limitations that you just may 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 possibly can mix the factors into one account. If in case you have a Citi Premier card, you’ll open up a variety of journey switch companions the place you should utilize factors or miles to e book your travels.
Store with Factors
When procuring 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 kind in what number of factors you’d prefer to redeem towards your buy. However you’ll want to test how a lot worth you’re getting as it could be cheaper 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 might be 19.24%–29.24%)
- Intro Steadiness switch payment:
- Buy APR: 19.24%–29.24% variable
- Steadiness switch: 19.24%–29.24% variable
- Steadiness switch payment: $5 or 5% of the quantity of every switch, whichever is larger
- Annual payment: $0
- Overseas transaction payment: 3% of every buy transaction in U.S. {dollars}
Extra advantages
- Computerized account alerts. Keep up to date together with your card steadiness, costs, funds and different exercise by activating electronic mail or textual content alerts.
- Contactless pay. This chip-enabled card permits cardholders to buy extra safely by tapping the cardboard reader at collaborating retailers.
- Free entry to your FICO rating. Handle your credit score rating by accessing your free FICO rating anytime. Be taught which components are affecting your rating so you possibly can create a method to realize your credit score rating objectives. It’s up to date month-to-month and out there on-line or by the Citi cellular app.
Bank cards much like Citi Customized Money
The Citi Customized Money Card is interesting to customers who need to robotically earn the best rewards on purchases with out remembering bonus classes or registering for promotions. Nonetheless, this money again bank card isn’t the most suitable choice for all spending types. Earlier than making use of for this card, take into account these alternate 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 provides enhanced rewards on each buy. You’ll earn 1% whenever you make purchases plus a further 1% as you repay your steadiness. This 2% money again potential lets you earn most money again with out worrying whether or not the acquisition qualifies for a bonus class. Rewards might be redeemed for money again, or you possibly can switch them to chose motels and airways.
As a brand new cardholder, you’re eligible for a $200 money bonus whenever you spend $1,500 throughout the first six months. This card additionally supplies a steadiness switch provide for 18 months with an intro 3% payment ($5 min). Whereas its steadiness switch provide is longer than the Customized Money Card, it doesn’t present the identical interest-free financing for purchases.
Financial institution of America Personalized Money Rewards vs. Citi Customized Money
With the Financial institution of America Personalized Money Card, you possibly can select which class you need to earn 3% money again. You get to select from six classes and may change your choice as soon as every billing cycle. Plus, you’ll robotically earn 2% money again at grocery shops and wholesale golf equipment. Prospects with bigger deposit and funding balances could qualify for Most well-liked Rewards, which will increase your money again on each buy by as much as 75%.
Bonus money again is accessible on the primary $2,500 in mixed purchases every quarter, and all different purchases earn 1%. Whereas the highest bonus charge is decrease than Citi’s 5% prime charge, the Financial institution of America card has the next 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 best money again bank card for individuals who need to earn most money again with out fear. The cardboard robotically 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 should 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 steadiness transfers to offer you additional time to repay your debt. This promotional rate of interest helps repay previous bank cards or massive purchases with out incurring any curiosity costs.
Should you’re on the lookout for limitless money again or extra 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 payment, its advantages are restricted and don’t embrace helpful options like buy safety or an prolonged guarantee.
Continuously requested questions
Is it arduous 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 increased with higher credit score, you will get accredited with truthful credit score.
Can I take advantage of the Citi Customized Money Card for fuel?
Fuel purchases are considered one of ten bonus classes eligible for as much as 5% money again. If fuel is your largest expense every month, you’ll earn 5% money again on the primary $500 you spend every billing cycle. All different purchases earn a limiteless 1% money again.
How do I enhance my Citi Customized Money credit score restrict?
Banks assign credit score limits primarily based in your earnings, debt funds, credit score rating and different components. The next earnings supplies 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 exhibits the financial institution that you would be able to deal with debt responsibly.
Does the Citi Customized Money Card have a international transaction payment?
If you buy gadgets in international forex, similar to procuring in a foreign country, the Citi Customized Money Card costs a 3% international transaction payment.
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; nonetheless, a number of the provides talked about could have expired.