Citibank Custom Cash Credit Card: A Comprehensive Guide
Citibank Custom Cash Credit Card: A Comprehensive Guide
The Citibank Custom Cash Credit Card is a rewards credit card that offers cash back on your everyday purchases. With the Custom Cash card, you can earn unlimited 5% cash back on purchases in your top eligible spending category each billing cycle, up to $500 in spending. This card also features a 1% cash back rate on all other eligible purchases.
Key Features of the Citibank Custom Cash Credit Card
- Unlimited 5% cash back in your top eligible spending category each billing cycle, up to $500 in spending
- 1% cash back on all other eligible purchases
- No annual fee
- 0% introductory APR on balance transfers for 15 months
- Access to Citi's global network of ATMs
How to Earn 5% Cash Back with the Citibank Custom Cash Credit Card
To earn 5% cash back in your top spending category, you must activate the category each month. There are a variety of categories to choose from, including:
- Gas stations
- Restaurants
- Supermarkets
- Airlines
- Online shopping
- Home improvement stores
- Drugstores
- Entertainment
- Travel
You can activate your preferred category each month through the Citi mobile app or online banking. You can also choose to have your rewards deposited into your checking account or redeem them for travel, gift cards, and more.
Who is the Citibank Custom Cash Credit Card Best For?
The Citibank Custom Cash Credit Card is a good option for consumers who are looking for a rewards credit card with no annual fee. The card's 5% cash back on your top spending category can be a valuable perk, especially if you frequently make purchases in one or two specific categories. However, the card's 1% cash back rate on all other purchases is relatively low compared to other cash back credit cards.
Here are some examples of people who might find the Citibank Custom Cash Credit Card to be a good fit:
- Consumers who spend a lot of money at gas stations, restaurants, or supermarkets
- Individuals who are looking for a simple, straightforward rewards credit card
- People who value convenience and want to be able to earn rewards without having to track their spending
How the Citibank Custom Cash Credit Card Compares to Other Cards
The Citibank Custom Cash Credit Card is a competitive option in the cash back credit card market. However, there are other cards that may be a better fit depending on your individual needs and spending habits. Here's a comparison of the Citibank Custom Cash Credit Card to some other popular cash back credit cards:
| Credit Card | Annual Fee | Cash Back Rate | Bonus Categories |
|---|---|---|---|
| Citibank Custom Cash Credit Card | $0 | 1% on all purchases, 5% on your top category (up to $500 per month) | Gas stations, restaurants, supermarkets, airlines, online shopping, home improvement stores, drugstores, entertainment, travel |
| Chase Freedom Unlimited® | $0 | 1.5% on all purchases | None |
| Discover it Cash Back | $0 | 1% on all purchases, 5% on quarterly rotating bonus categories (up to $1,500 per quarter) | Rotating categories, including dining, gas stations, groceries, and online shopping |
| Capital One SavorOne Cash Rewards Credit Card | $0 | 1% on all purchases, 3% on dining and entertainment, 4% at grocery stores, 5% at restaurants (excluding fast food) | Dining, entertainment, grocery stores, restaurants |
The best cash back credit card for you will depend on your spending habits and preferences. If you are looking for a card with a no annual fee and unlimited cash back, the Citibank Custom Cash Credit Card is a good option. However, if you are looking for a card with a higher cash back rate or more bonus categories, you may want to consider another card.
How to Apply for the Citibank Custom Cash Credit Card
You can apply for the Citibank Custom Cash Credit Card online, by phone, or in person at a Citibank branch. To apply online, visit the Citibank website and click on the "Apply Now" button. You will need to provide some basic personal information, such as your name, address, Social Security number, and income.
Once you have submitted your application, Citibank will review it and make a decision within a few days. If your application is approved, you will receive your credit card in the mail within a few weeks.
Final Thoughts
The Citibank Custom Cash Credit Card is a good option for consumers who are looking for a no-annual-fee cash back credit card with unlimited 5% cash back on their top spending category. The card's simplicity and flexibility make it a popular choice for many consumers.
However, it's important to note that the 1% cash back rate on all other purchases is relatively low. If you're looking for a card with a higher cash back rate or more bonus categories, you may want to consider another card.
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