Top Citi Credit Cards for 2020

Top Citi Credit Cards for 2020

December 27, 2019         Written By Bill Hardekopf

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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. In 2016, they introduced the for people trying to build or rebuild their credit.

Here are some of the top Citi credit cards for 2020:

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The 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. To receive this introductory rate, the balance transfer has to be made within the first four months of being a cardholder. After this promotional period, cardholders will have an interest rate of 13.99% – 23.99% (Variable) on the remaining balance, depending on your creditworthiness. There is no annual fee on this card.

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The 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 12 months of interest-free financing on purchases, and 21 months of interest-free financing on balance transfers. The balance transfer must be completed within four months of opening the account, and it comes with a 5% balance transfer fee. The ongoing interest rate is 14.74% - 24.74% (Variable), depending on the cardholder’s creditworthiness. There is no annual fee on this card.

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The has the same attractive introductory APR as the Citi Simplicity card. The 0% introductory APR is for 21 months on balance transfers (must be made within the first four months of card membership) and 12 months on purchases. Then, an ongoing APR between 13.74% – 23.74% (Variable) depending on your credit worthiness. There is no annual fee on this card but there is a 5% balance transfer fee on the amount transferred.

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The is a new and unique rewards card. Citi rounds up the ThankYou points earned with each purchase to the nearest 10. For instance, if a purchase qualifies for 15 ThankYou Points, that reward will be rounded up to 20 points. This occurs for every transaction, no matter how small. The card features a 15,000 ThankYou Point sign-up bonus. To earn the extra rewards, cardholders must spend $1,000 on the card during the first three months of card membership. The card earns two points per $1 spent at gas stations and supermarkets, for the first $6,000 in annual purchases made in those categories. All other transactions earn one point per $1. Cardholders will also get back 10% of their rewards on the first 100,000 points they redeem each year. There is a foreign transaction fee of 3%, as well as a balance transfer fee of $5 or 3% per transaction, whichever is greater. The introductory APR on purchases and balance transfers is 0% for the first 15 months. The standard APR is 13.49% - 23.49% (Variable), depending on credit worthiness. There is no annual fee on this card.

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Citi introduced the  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 an APR of 22.49% (Variable). It can be used anywhere that Mastercards are accepted. Unlike a majority of the secured cards on the market, the Citi Secured Mastercard has no annual fee.

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The 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. The card has a 15.24% (Variable) APR. There is no annual fee for this card with a Costco annual membership, and no foreign transaction fees.



The information contained within this article was accurate as of December 27, 2019. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.


bill-hardekopf

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Top Features : 0% APR for 21 months on Balance Transfers and 12 months on Purchases; no annual fee, late fee or penalty rate
Top Features : Only card to round up rewards to nearest 10 points; 15,000 bonus points after spending $1,000 in first 3 months
Top Features : Long intro APR period especially for balance transfers; No annual fee
Top Features : 4% cash back on first $7000 in eligible gas purchases; 3% at restaurants & eligible travel; 2% at Costco & Costco.com
Top Features : No annual fee; builds credit by reporting to major credit bureaus; initial security deposit can be as low as $200