Citi launches new personalized Citi Cash credit card

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Citi launched a new no-annual fee cash back credit card to help consumers put more money back in their pockets on the things they spend the most on.

With the new Citi Custom Cash Card℠, cardholders can earn 5% cash back on purchases in their highest qualifying spend category each billing cycle, up to the first $ 500 (then 1%). This card rivals Citi’s other no-annual fee cash back credit card, the Citi® Double Cash Card, but the latter does not offer a sign-up bonus to new members.

Citi Custom Cash Card℠

  • Awards

    5% cash back on purchases in the best eligible expense categories each billing cycle, up to the first $ 500 (then 1%); 1% unlimited cash back on all other purchases

  • Welcome bonus

    Earn $ 200 cash back after spending $ 750 on purchases in the first 3 months after opening the account. The bonus offer will be filled as 20,000 Thanks® Points, which can be redeemed for $ 200 cash back.

  • Annual subscription

  • Intro APR

    0% APR on balance transfers and purchases for the first 15 months

  • Regular APR

    13.99% to 23.99% variable

  • Balance transfer fees

    5% of each balance transfer ($ 5 minimum)

  • Foreign transaction fees

  • Credit needed

Here’s what sets the Citi Custom Cash Card apart.

Welcome bonus

The welcome bonus on the Citi personalized payment card has a fairly low spending threshold: Earn $ 200 in cash back after spending $ 750 on purchases in the first three months of opening the account (achieved as 20,000 Thanks® Points, which can be redeemed for $ 200 cash back).

You can either spread the $ 750 of spending over three months, or if you have a big purchase you have planned to make, you can quickly eliminate the required spending. You’ll even have more time to pay off your balance with the 0% introductory period of the Citi Custom Cash Card offered on purchases (and balance transfers) for the first 15 months (after that, 13.99% at 23. 99% variable APR).

While we recommend that you get into the habit of paying off your credit card balance in full each month to avoid paying interest, this interest-free period gives you more time if you need it. Just make sure you have a plan to pay off your balance before the 15 months are up.

Rewards program

Citi personalized payment card members earn the following rewards:

  • 5% cash back on highest qualifying spend category purchases each billing cycle, up to the first $ 500 (then 1%)
  • Unlimited 1% cash back on all other purchases

Eligible expense categories include everything from restaurants and grocery stores to gas stations, some travel, some transit, some streaming services, drug stores, home improvement stores, fitness clubs, and live shows.

Popular cash back credit cards, such as Discover it® Cash Back and Chase Freedom Flex℠, have rotating bonus categories (chosen by the bank) that cardholders must enter each quarter. But with the Citi Custom Cash Card, as your spending changes with each billing cycle, you’ll be able to automatically choose your bonus categories (from the list above) and earn 5% on what you spend the most. .

If you were to maximize the 5% rebate on up to $ 500 in spending each month, you could end up with $ 25 per month in cash back, or $ 300 per year.

At the end of the line

With its personalized cash back program and easily accessible welcome bonus, the Citi personalized payment card is a good choice for just about any new cardholder. Plus, you don’t have to commit to paying an annual fee for the card.

Those looking for 5% cash back on a higher limit than the first $ 500 spent in their highest qualifying spend category in each billing cycle should consider the US Bank Cash + ™ Visa Signature® card (also without annual fees). This is a flexible 5% cash back card that lets you choose of them categories each quarter to earn 5% cash back until your first $ 2,000 in combined qualifying purchases, then 1%.

Unlike the Citi Custom Cash card, however, activation is required to earn 5% cash back on the US Bank Cash + Visa Signature card. Cardholders also get 2% cash back on one everyday category and 1% cash back on everything else.

US Bank Cash + ™ Visa Signature® card

US Bank Cash + ™ Visa Signature® card information was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

  • Awards

    5% cash back on two categories you choose each quarter (on your first $ 2,000 of combined qualifying net purchases each quarter, then 1%); 2% cash back on an everyday category; 1% cash back on everything else

  • Welcome bonus

    $ 200 after spending $ 500 in the first 90 days of opening the account

  • Annual subscription

  • Intro APR

    0% APR for the first 12 billing cycles on balance transfers

  • Regular APR

    13.99% to 23.99% variable *

  • Balance transfer fees

  • Foreign transaction fees

  • Credit needed

US Bank Cash + ™ Visa Signature® card information was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

For prices and fees for Discover it® Cash Back, click here.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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About Joan Ferguson

Joan Ferguson

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