All about Citibank credit cards

Credit cards are a boon to both the financial industry and the common man. They have also boosted the retail market. From buying general items in a store to reserving a ticket online or buying online, credit cards have made it all possible.

It will not be an exaggeration to say that the credit card has changed our lifestyle in a big way. This plastic money has made our lives easier and more comfortable. What could be more convenient than buying items on credit and paying them back after a month?

Imagine this! You are affected by an unexpected emergency situation for which you need a large amount of money. Well, in such an urgent situation, credit cards are the most convenient way out.

Citibank is one of the world’s leading banks that issues credit cards. Although the basics of the credit card are the same, its additional features differ from bank to bank and also from card to card.

Citicards are specially designed to accommodate various credit requirements and target different customers. There are cards, which are designed keeping in mind the requirement of professionals, students and other potential clients. The credit limit also differs based on the need for different income levels.

A common feature of citicards is that they all have exciting rewards programs and additional perks and benefits. These rewards programs come in the form of points that are earned when you purchase an item. You can redeem the accumulated points in other purchases. These rewards programs are newly designed to suit people from different walks of life. A regular traveler can use these points to book airline tickets and to book hotel stays. Others can use them in general shopping, in drugstores, gas stations and in restaurants, etc. Citibank has agreements with the main points of sale, hotels and airlines, etc. all over the world where you can redeem your accumulated points. Yet another advantage of citicards is that you get additional benefits and perks such as travel accident insurance, legal referral services, medical referral services, free access to credit education, etc.

Most credit cards have no annual fee and a 0% introductory fee on balance transfer for a fixed period that is six months or one year. However, most of them have a minimum APR for cash advances. $ 500 is the standard minimum credit limit. The late fee is dependent on the balance. But, in general, they are all priced reasonably.

These cards will be renewed after their validity period expires. In most cases, the expiration date is three years from the card’s issue date.

Some of the most popular cards are Citi® Bronze® / AAdvantage® MasterCard®, Citi® mtvU (TM) Platinum Select® Visa® Card for college students, Citi® Platinum Select® Card for college students, Citi® Driver’s Edge® Platinum Select ® Card, etc.

Citi® Bronze® / AAdvantage® MasterCard® is best suited for frequent air travelers. With the purchase of this card, you will earn a bonus of 5,000 miles and subsequently 1 mile for every two dollars spent on your citicard. In addition, it has no annual fee and is valid for 3 years. So it is a traveler’s delight. The only feature, which may work against your interest, is its minimum APR on cash advances.

For people looking to buy or lease a used or new car, the Citi® Driver’s Edge® Platinum Select® card is the right choice. With this card, you can get a refund of $ 0.01 per mile driven. Earn up to $ 1,000 in rebates in one year. A maximum of $ 5,000 can be redeemed per vehicle. Also take advantage of other benefits like car rental insurance and travel insurance up to $ 1,000,000.

College students can apply for the Citi® Platinum Select® card for college students or the Citi® mtvU (TM) Platinum Select® Visa® card for college students. The former is suitable for students with an established credit history. For beginners, the latter will be more suitable.

In addition to the cards mentioned above, Citibank also issues other types of credit cards such as AT&T Universal Rewards Card, Citi® PremierPassSM Card – Elite Level, etc.