Top Citi Credit Cards for 2016

July 18, 2016, Written By Bill Hardekopf
Citibank Building Sign

Citi is one of the premier credit card issuers in the United States. The company offers a wide variety of credit cards that are primarily geared to consumers with good to excellent credit scores. However, they have recently introduced the Citi Secured MasterCard for people trying to build or rebuild their credit.

Here are some of the top Citi credit cards for 2016:

Citi Double Cash

citi-double-cash-credit-cardThe Citi Double Cash card is one of the top cash back cards on the market. It gives consumers the chance to earn cash back twice: 1% cash back at the time of purchase and another 1% when payment is made, for a total of up to 2% cash back. In addition, the Double Cash card gives cardholders 18 months of 0% APR introductory financing on balance transfers, with a 3% balance transfer fee. After this promotional period, cardholders will have an interest rate of 13.24% to 23.24% on the remaining balance, depending on your creditworthiness.

The Double Cash card is part of Citi’s Price Rewind service, which refunds the price difference when a price decline takes place on an eligible purchase within 60 days. The card also comes with rental car coverage, worldwide travel accident insurance, a trip cancellation and interruption policy, and a 24/7 concierge service.

There is no annual fee on this card.

Citi Simplicity

citi simplicityThe Citi Simplicity card is one of the most straight-forward cards on the market. The card does not assess any late fees or a penalty interest rate on its cardholders, which means you won’t get hit with a late fee of up to $35, or a penalty interest rate that can be as high as 30% APR, if you make an occasional late payment.

The Citi Simplicity card also has one of the most attractive promotional financing offers of any credit card. New applicants receive 21 months of interest-free financing on both new purchases and balance transfers, with a 3% balance transfer fee. The ongoing interest rate is 13.24% to 23.24%, depending on the cardholder’s creditworthiness.

Simplicity cardholders receive extended warranty coverage, rental car insurance, and travel and emergency assistance. The card is also part of the Citi Price Rewind program, which automatically searches for a lower price on your eligible purchases, and gives a refund of the difference if it finds a lower price within 60 days of purchase.

There is no annual fee on this card.

Citi Diamond Preferred

citi diamond preferred (1)Like the Simplicity card, the Citi Diamond Preferred card has an extremely attractive introductory offer: 21 months of interest-free financing on both new purchases and balance transfers, with a 3% balance transfer fee. After that, the APR will be 12.24% – 22.24% based upon your creditworthiness.

There are a number of other benefits to the Citi Diamond Preferred card. Cardholders receive access to Citi’s Private Pass program, which features the ability to buy tickets for concerts, sporting events and dining experiences. Citi’s Easy Deals program also gives discounts for top brands such as Footlocker, Gap and CVS.

Its travel protection policies include $50,000 of worldwide rental car insurance, and $250,000 of worldwide travel accident insurance. The Citi Diamond Preferred also features an extended warranty policy, as well as a damage and theft purchase protection policy.

There is no annual fee for this card.

Citi Secured MasterCard

citi-secured-credit-cardCiti recently introduced the Citi Secured MasterCard for people that need to start building their credit score. A security deposit of at least $200 is required for this product. But unlike a prepaid card, this card will help build your credit history since Citi will send monthly notifications to the credit bureaus. There are some helpful tools on this card–like Auto Pay, text/email alerts and online Bill Pay–which assist cardholders in keeping track of their financial situation. The card has a variable APR of 22.24% and a $25 annual fee. It can be used anywhere that MasterCards are accepted.

Costco Anywhere Visa Card

costco-anywhere cardThe Costco Anywhere Visa card is a very lucrative cash back card exclusively for Costco Members. Cardholders receive 4% cash back on eligible gas for the first $7,000 per year (and then 1% thereafter); 3% cash back on restaurants and eligible travel purchases; 2% cash back on all other purchases from Costco and Costco.com; and 1% cash
back on all other purchases. There is an introductory 0% APR offer for the first seven months on purchases, and a 15.49% variable APR thereafter.

There is no annual fee for this card with a Costco annual membership.



The information contained within this article was accurate as of July 18, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.