Citi Premier® Credit Card

Citi Premier® Credit Card Review

This is a rewards card issued by Citi®. If you're wondering whether Citi Premier card is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 3 reward points per dollar spent.
• Signup bonus. Offers a signup bonus of 80000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.24% up to 26.24%.
• 3% Balance transfer fee. Citi Premier® Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Good or better credit required. You will have low approval odds if your credit score is below 720.

Pros & Cons of Citi Premier card

The Good	The Bad
Free access to your credit score. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Citi Premier® Credit Card is accepted. Citi Premier® Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. You need good credit to qualify. Charges an annual fee of $95 Charges a 3% balance transfer fee

Citi Premier card FAQ

Does Citi Premier card have a cash back or rewards program?

Citi Premier card is a travel rewards card.

Citi Premier card Rewards

Minimum rewards rate	1x
Max rewards rate	3x
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	80000
Signup Bonus Spend Requirement	$4000
Signup Bonus Spend Period (months)	3 months

What are the Citi Premier card benefits?

It provides the following benefits:

• Free Credit Score
• Zero fraud liability
• No blackout dates when redeeming miles
• Reports to major credit bureaus

What are the relevant APRs for Citi Premier card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Citi Premier® Credit Card has a variable purchase APR that ranges from 18.24% up to 26.24%. The card has a variable balance transfer APR that ranges from 18.24% up to 26.24%. It also has a variable cash advance APR of 27.49% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Citi Premier card?

The following fees apply:

Citi Premier® Credit Card Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	Up to 5%
Minimum Cash Advance Fee ($)	Starting at $10
Foreign Currency Transaction Fee	0%
No Foreign Transaction Fee?
Annual Fee	$95
Minimum Interest Charge	$0.50
No Interest Grace Period for Late Payment	23 days
Returned Payment Fee	Up to $41
Late Fee Amount	Up to $41

This card charges a $95 annual fee.

Does Citi Premier® Credit Card report your account activity to credit bureaus?

Yes, Citi Premier® Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Citi Premier card

• Visit the Citi Premier card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.