The Citi Double Cash Mastercard is a straightforward credit card for everyday purchases. Let’s examine some of its ins and outs.
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The Citi Premier Mastercard is a mid-tier credit card which earns cash back in popular categories. The card can pay for itself, but since it competes with no-fee cards, the value is questionable. Premier may have more limited applications than similar cards. It isn’t a must-have for most wallets despite appearing decent on the surface. Its main draw is the consistently large sign-up bonus and transfer partners.
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0% APR can have a variety of applications. Sometimes you need more than 30 days to pay for something, or need to increase the amount of cash on hand. This is usually the best way to solve that problem while avoiding interest. Credit cards normally have 15-20% APR, and it’s rarely worthwhile to pay interest on card purchases. One of the downsides here is that most of the below cards require a minimum credit score of 650+. People who really need 0% APR often have lower credit scores. If you fall into this category, check to see if you’re prequalified before applying. Most banks have this option. Search “[bank name] prequalification” and their website should pop right up.
Most of the below cards also have 0% APR on balance transfers, but balance transfers almost always have a fee associated with them. It’s better to put new purchases on a 0% APR card instead of trying to do a balance transfer. Note: This list is current as of December 2021 and is subject to change.
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The Citi Custom Cash Card (CCCC) is a no-fee credit card which gives 5% cash back on your top spending category each month. Citi automatically calculates which category you spend the most in, giving you rewards at the end of each billing cycle. It requires zero effort from the cardholder. The Custom Cash is easier to use than competing cards, and may have higher rewards. It’s versatile enough that almost everyone can get use out of it, although it does depend on one’s spending habits.
5% eligible categories:
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“Churners” seek sign-up bonuses and other rewards by opening lots of credit cards. In most cases, they’re legitimate customers who want extra cash back or free travel. A lot of credit cards offer great rewards and bonuses. As people become more educated about credit cards (CCs) some inevitably want to maximize (or abuse) the system, despite risks to their credit scores.
As a result, banks have implemented rules (sometimes unofficially) to deter churners. They naturally aim for a positive ROI on customers. Here’s a compilation of the most important things to keep in mind. Keep in mind that this isn’t a comprehensive list of all rules/guidelines, and things are subject to change.
As a side note, some banks might shut you down if you go too hard and fast. They can take away points or close your cards. We recommend applying for 1 new card every 3-4 months, to start. If you have higher risk tolerance, maybe apply for a new card every 2-3 months, once your credit history is pretty well-established. Don’t go overboard. Start with credit cards that you’re likely to use on a regular basis, and pay your balance in full every month.
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The Costco Anywhere Visa is a basic card with a restrictive rewards program. Although it technically doesn’t have an annual fee, the card is exclusively for Costco members. The credit card has reasonable earn rates for gas, dining, and travel. According to Business Insider, the Costco credit card is one of the most popular cards in terms of interest. Over 900,000 monthly searches are done for information on the card. Unfortunately, its value isn’t as straightforward as it first appears.
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