best citibank credit cards

Best Citibank Credit Cards for 2020

Citibank is the fourth largest bank in the United States (source: World Atlas). As you would expect, it has a wide range of credit card options. These are the best Citibank credit cards right now. There is a Citi card designed for nearly every type of customer — from students who are first-time credit card users to heavy spenders who carry a high balance that needs to be paid off.

But which Citi credit card is the best? Well, the answer to that question depends on who’s asking it. With multiple cards intended to meet different consumer needs, you have to make sure you’re choosing the one that best meets your needs. Don’t be so quick to sign up for just any Citi card without knowing exactly what you’re signing up for.

While it’s great to have options, sometimes having too many options can lead to the wrong decision. So we’ve narrowed down the top cards based on category.

Here are the best Citi credit cards right now.

1) Best Citibank cashback card

Citi Double Cash Card

If you have great credit and want to earn unlimited rewards, the Citi Double Cash Card could be the one for you. There’s no annual fee, and it comes with an 18-month interest-free introductory rate on balance transfers.

Beyond that, this is one of the most simple cashback cards on the market. You’ll earn 1% cashback on every purchase and an additional 1% when you make payment.

The extra 1% will be rewarded whether you make an immediate payment or carry a balance. But be careful when carrying a balance, because it could cause more harm in the long run.

This card charges fees on foreign transactions, balance transfers, late payments, and returned payments.

Here’s everything you need to know about the Citi Double Cash Card

2) Best Citibank travel card

Citi Prestige Card

If you travel a lot and have excellent credit, the Citi Prestige Card offers some great perks. You’ll earn three points for every $1 spent on travel, two points for every $1 spent on dining and entertainment, and one point for every $1 spent on all other purchases.

You have the option to transfer your points to another travel loyalty program or redeem them for electronics, statement credits, gift cards, or travel. Your points are worth 33% more when used to pay for air travel through Citi’s ThankYou travel center.

The bonus increases to 60% when you use your points to purchase American Airlines and US Airways flights. On top of that, you’ll receive $250 in annual airfare credit and a complimentary fourth night for any hotel stay.

There are no foreign transaction fees when using this card abroad. It also comes with a generous signup bonus for new members. If you spend $2,000 on new purchases within the first three months, you’ll receive 30,000 bonus points — that’s a $300 to $480 value in travel rewards.

The downside is that this card comes with a pretty steep annual fee. But with the solid point system, generous signup bonus, annual airfare credit, and free hotel nights, the card often ends up paying for itself.

However, if you don’t think you’ll be able to spend $2,000 in the first three months to activate the signup bonus, you may want to consider other travel cards.

Here’s a detailed review of the Citi Prestige Card

3) Best Citibank balance transfer card

City Simplicity Card

This card is designed to help people save money on payments with a 0% APR intro rate that can’t be beat. If you’re about to make a big purchase or currently carry a balance that you’d like to pay off interest-free, the City Simplicity Card will give you 21 months to do so.

That’s nearly two years of paying zero interest on all purchases and balance transfers. There is also no fee or penalty APR for late payments, making the City Simplicity Card a great choice for people drowning in credit card debt (or soon to find themselves in credit card debt).

The type of debt you can transfer to this card isn’t limited to just credit card debt. For example, you can transfer your student and auto loan debt as well.

The card doesn’t have an annual fee, but it does charge a foreign transaction, returned payment, and balance transfer fee.

The Citi Diamond Preferred is a very similar card. However, there is a penalty APR for late payments, which puts it one step below the City Simplicity Card.

Longtime customer Quannie G says, “I love the fact that the card has 0% APR and no late payment fees.”

Discover more details about the City Simplicity Card here

4) Best Citibank rewards card

Citi ThankYou Preferred Card

This card provides a solid rewards program and doesn’t require a perfect credit score to get it. It offers double points on dining and entertainment purchases, making it a great option for people who enjoy going out. You’ll earn one point per dollar spent on every other purchase. Cardholders will get special access to exclusive events as well.

There is a 15,000-point signup bonus ($150 value), which is activated by spending at least $1,000 during the first three months. You can also get a 12-month 0% APR intro rate on balance transfers. However, the transfer has to be completed within the first four months of owning the card to get it.

There is no annual fee, but you’ll want to think twice before using this card abroad as foreign transaction fees do apply. Also, if you aren’t great at making on-time payments, make sure you’re aware of the card’s penalty rates before you apply.

Learn more about the Citi ThankYou Preferred Card

5) Best Citibank store credit card

Costco Anywhere Visa Credit Card

If you aim to optimize your gas purchase, and also enjoy traveling and dining out, then the Costco Anywhere Visa Credit Card is a good Citi card for you. It offers 4% cash bask on eligible gas, 3% cashback on restaurant and travel purchases, 2% cashback on all other Costco purchases, and 1% cash back on every other purchase. This store credit card has no annual fee, and you’ll get 0% APR for the first seven months.

Read more about the Costco Anywhere Visa Credit Card


6) Best Citibank student credit card

Citi ThankYou Preferred Card for College Students

If you’re a college student who regularly spends money on dining and entertainment, this is the card for you. You’ll receive two points for every $1 spent on dining and entertainment and one point for every $1 spent on all other purchases. Points never expire, and there is no cap on how many you can earn.

There is a $2,500 signup bonus if you spend $500 within the first three months of owning the account. The card also comes with a 7-month 0% APR introductory rate on new purchases only, not on balance transfers.

You’ll want to be sure to make on-time payments, as you’ll be hit with an APR penalty rate when you make a late payment. The penalty rate is even more expensive for those who carry a balance because it will stay on the account until it is closed.

The card does not charge an annual fee or over-the-limit fee. But you will be charged a fee for late payments, returned payments, balance transfers, and foreign transactions (so be careful when using this card while studying abroad).

There are additional perks, including shopping and travel benefits, as well.

Here are more details on the Citi ThankYou Preferred Card for College Students 

How many credit cards can you have at Citi bank?

Unlike most card issuers, Citibank does not limit the number of cards you can have. However, it places a credit limit across all your Citi cards according to your creditworthiness. You won’t be able to get a new card once you hit your credit limit.

Citibank may not restrict the number of cards you can own, but they do limit the number of times you get new cards. Customers are allowed to get just two cards every two months. If it’s a business card, you can only get a new one after 95 days.

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The probability of your application being successful will largely depend on your credit score. If your credit score is good, then you can quickly get approved for a Citibank card or any credit card for that matter. If your credit score is terrible, however, you may want to improve your score before applying.

More importantly, make sure to compare these cards to other top credit cards before you apply. That’s the only way to find the best credit card for your needs.

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