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Citi CashReturns(SM) MasterCard® Review
Issued by CitiBank
  
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Overall Rating:
Benefit Rating:
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The Citi CashReturns(SM) MasterCard®, issued by Citibank, is designed for those with very good credit who will take advantage of the interest-free introductory offer and the cash back reward program.
The card offers access to a free reward program. Through the reward program, cardholders will earn a 1% rebate on purchases and cash advances. Cardholders will receive five CitiDollars for each individual balance transfer transaction of $1,500 or more. A $50 check will automatically be issued every time $50 CitiDollars have been earned. Checks cannot be issued for less than $50.
The card has no annual fee, an attractive 0% introductory rate on balance transfers for up to twelve months, and a reasonably low interest rate for purchases. However, there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
Aside from the reward program, cardholders can expect access to a variety of benefits and services that include no liability for unauthorized transactions, auto rental insurance, various travel and emergency assistance services, and an annual account summary.
Therefore, individuals who will take advantage of the reward program, the introductory offer, and the additional benefits will benefit most from what the Citi CashReturns(SM) MasterCard® has to offer.
The card offers access to a free reward program. Through the reward program, cardholders will earn a 1% rebate on purchases and cash advances. Cardholders will receive five CitiDollars for each individual balance transfer transaction of $1,500 or more. A $50 check will automatically be issued every time $50 CitiDollars have been earned. Checks cannot be issued for less than $50.
The card has no annual fee, an attractive 0% introductory rate on balance transfers for up to twelve months, and a reasonably low interest rate for purchases. However, there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
Aside from the reward program, cardholders can expect access to a variety of benefits and services that include no liability for unauthorized transactions, auto rental insurance, various travel and emergency assistance services, and an annual account summary.
Therefore, individuals who will take advantage of the reward program, the introductory offer, and the additional benefits will benefit most from what the Citi CashReturns(SM) MasterCard® has to offer.
Review Date: June 26, 2008
Note: The review on this card was updated on June 26, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% APR for up to 12 Months |
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Intro Applied Towards:
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Balance Transfers |
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Purchase APR:
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As low as 9.99% (Variable) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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19.99% (Variable) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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20 Days (Min.) |
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Late Payment Fee:
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$15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over |
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Over the Limit Fee:
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$39 |
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Cash Advance Fee:
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3%, $5 minimum |
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Balance Transfer Fee:
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A balance transfer fee applies with this offer* (see site for details). |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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1% |
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Rebate Maximum:
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1% |
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Additional Rebates:
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Cardholders will receive five CitiDollars for each individual balance transfer transaction of $1,500 or more. |
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Rebate Details:
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A $50 check will be issued upon request once $50 CitiDollars have been earned. Checks cannot be issued for less than $50. |
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Expiration:
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None |
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Yearly Limit:
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None |
| Features | |
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Most Attractive Feature(s):
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| Long term 0% introductory rate; no annual fee; access to reward program. | |
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Least Attractive Feature(s):
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| Minimum APR cap for cash advances. | |
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Additional Features:
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| Various Internet account related services. $0 liability for unauthorized purchases. Auto rental insurance. Auto rental discounts. Travel accident insurance. Fraud and security protection services. Various travel and emergency assistance services. Identity theft solutions. Lost and stolen card reporting. Annual account summary. See website for additional benefits. |
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Important Notations
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| The APR for purchases and balance transfers varies according to the applicant's credit history and will be 9.99%, 13.99%, or 17.99%. The 0% introductory offer varies according to the applicant's credit history and will apply to balance transfers for 1-12 months or 3-6 months. See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the Citi CashReturns(SM) MasterCard® from Citibank See other Cash Back Credit Cards See other Credit Cards Issued by CitiBank See other MasterCard Credit Cards |
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