Citibank Credit Card
Citibank, the financial giant, offers a variety of credit cards at very favourable terms. Here are some of the best Citibank credit cards around and why they make the cut:
Citi Diamond Preferred Card
Ideal use: For people who are buried under existing debt or for people who keep a revolving balance
This is the best Citibank card to go for if you spend a lot, and pay in full and on time. The card does not levy an annual fee and features a very low APR at 11.99% based on creditworthiness. If your creditworthiness is low, then the APR goes up. Cardholders get 24/7 access to a concierge service that provides travel and entertainment-related services. Users also get special access to ticket presales and other packages. The card features a 0% APR for 18 months on purchases and on balance transfers, making it an ideal choice for people struggling with existing credit card debt and those who cannot pay in full.
Citi Platinum Select/AAdvantage Visa Signature Card
Ideal use: For frequent flyers who prefer American Airlines (or don’t care much about their carrier)
This is the best Citibank credit card for overseas travelers. It rewards all users with 30,000 American Airlines bonus AAdvantage miles after they spend $750 on buying items in their first 4 months of membership. It also gives away 5,000 extra miles on $5,000 worth of purchases in the first 6 months of membership and all frequent flyers can easily pick up these 35,000 bonus points without working up a sweat. Users also earn up to $100 in statement credits on American Airline purchases in the first 12 months (they get $1 for every $1 spent). 2 AAdvantage miles are credited to the user’s account for every $1 spent on American Airline Purchases and 1 AAdvantage miles is credited on other purchases in the first 12 months. After the first year, users can only earn 1 mile per $1 of purchases. There are no annual fees to pay in the first 12 months, but users have to fork out $85/year thereafter. The APR is 15.24% variable, which is a very reasonable rate for a rewards card.
AT & T Universal Savings Platinum Card
Ideal use: Works great for shoppers, people who are burdened with credit card debt, and for people who like to maintain a revolving balance.
This is truly a hidden gem. It is one of the best Citibank credit cards around that charges a low rate of interest (12.99%), 0% on balance transfers for the first 15 months, and allows users to earn 1.5% on their purchases automatically. It does not place any limit on the amount users can earn and works by automatically crediting the savings to the user’s account.
These are 3 of the best Citibank credit cards available. As things stand in February 2012, it does look like the economy is recovering and it will be a matter of time before these easy terms change. It really does make sense to pick up a credit card now to take advantage of all the easy conditions bequeathed by the recession.