Citi Custom Cash – How To Apply
The Citi Custom Cash Credit Card is an ideal option for those who want to flexible cashback on your spending.
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With no annual fee, a sign-up bonus, and flexible redemption options, it’s a great choice for individuals who want to earn more rewards where they spend the most.
Citi Custom Cash
No Annual Fee Foreign Transaction FeesHow does the Citi Custom Cash Credit Card work?
The Citi Custom Cash Credit Card works by offering dynamic cashback rates based on where you spend the most each month. Here’s how it operates:
- Earning Rewards: You earn 5% cashback on your highest eligible spend category each billing cycle, up to $500 spent in that category.
- Sign-Up Bonus: New cardholders can earn $200 in cashback after spending $750 on purchases within the first 3 months from account opening. This sign-up bonus adds extra value to the card for new users.
- No Annual Fee: The Citi Custom Cash card comes with no annual fee, so you can enjoy the rewards without incurring any extra charges.
- Cashback Redemption: Cashback rewards can be redeemed for statement credits, gift cards, or travel purchases through the Citi ThankYou program, giving you flexibility in how you use your rewards.
Main benefits of Citi Custom Cash Credit Card
The Citi Custom Cash Credit Card offers several standout benefits that make it an attractive option for reward-seekers:
- 5% Cashback on Top Spending Category: The card automatically identifies your top eligible spending category each billing cycle, allowing you to earn 5% cashback on that category, up to the $500 spending cap. This is ideal for those whose spending habits fluctuate month to month.
- 1% Cashback on All Other Purchases: For purchases outside your top category, you earn 1% cashback, making it easy to earn rewards on all types of spending.
- Sign-Up Bonus: New cardholders can earn a $200 bonus after spending $750 in the first 3 months, offering an immediate reward for signing up.
- No Annual Fee: There’s no annual fee, so you can maximize your cashback rewards without worrying about extra costs.
- Flexible Redemption Options: You can redeem your cashback rewards for statement credits, gift cards, or travel through Citi’s ThankYou program, giving you plenty of ways to use your rewards.
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Cons of Citi Custom Cash Credit Card
While the Citi Custom Cash Credit Card offers plenty of perks, there are a few drawbacks to consider:
- 5% Cashback Limit: The 5% cashback rate is limited to the first $500 spent in your top category each billing cycle. After that, you earn 1% cashback on purchases in that category, which can limit your potential rewards if you spend heavily in that category.
- Limited Bonus Categories: While the card offers flexibility in choosing a top spending category, the bonus categories are limited to certain types of spending, such as dining, groceries, gas, and select others. If your highest spending doesn’t fall within one of the eligible categories, you may not be able to take full advantage of the 5% cashback.
- High APR: The APR on purchases can be relatively high, ranging from 20.99% to 28.99% (variable), which can be costly if you carry a balance from month to month.
- Foreign Transaction Fees: The Citi Custom Cash card charges a 3% foreign transaction fee, which may be a disadvantage for frequent travelers who make purchases abroad.
APR and Fees
The Citi Custom Cash Credit Card offers a variable APR between 20.99% and 28.99%. Cash advances are subject to a high APR of 29.99%, so carrying a balance can lead to significant interest charges.
However, the card does charge a 3% foreign transaction fee, which could make it less ideal for international purchases.
Late payment fees may apply, up to $41, so it’s important to stay on top of payments to avoid extra charges.
How to apply for the Citi Custom Cash Credit Card
Applying for the Citi Custom Cash Credit Card is a straightforward process. Here’s how you can do it:
- Visit the Application Page: Go to the official Citi website.
- Provide Your Information: You’ll need to submit personal details such as your name, address, income, and social security number to help determine your eligibility.
- Review the Terms: Before submitting your application, make sure to review the card’s interest rates, fees, and reward structure to ensure it aligns with your financial goals.
- Submit Your Application: Once you’ve reviewed the terms and filled out the necessary information, submit your application. If approved, you’ll receive your Citi Custom Cash card and can start earning 5% cashback on your highest spending category.
