Citi Credit Card - article about Citi Credit Card

Citi Credit Card Can Meet Different Needs For Cardholders

Most of the Citi credit cards require a credit rating between good and excellent, with interest rates varying from a low 8.24 percent to a high of 11.24%. All of the cards offer the introductory rate of zero percent for up to 12 months, with the interest rate being adjusted to match the payment history, as well as any changes in the cardholder's credit report status at the end of the period. While only a couple of the cards offer the introductory rate on purchases, others offer the rate only on balance transfers.

The choice of rewards as well as the type and length of the zero interest introductory rate makes considering all of the options and how a person plans to use their card increasingly important. If someone does no plan to transfer any credit card balances, the Citi credit card offering zero interest on balance transfers only may not be as appealing.

Choosing Card To Match Cardholder's Lifestyle

Most credit cards offer users a grace period before interest is charged on purchases. The different Citi credit cards offer different periods between purchase and payment due, but by making the payments on time, and paying the balance in full every month can limit the interest charges regardless of which Citi credit card chosen.

Rewards also vary based on the type of Citi credit card being used. One card that does not offer any type of rewards program also offers the zero percent introductory period on purchases and cash balance transfers. The cards that offer rewards usually limit the zero interest rate for a limited time on either one type of charge or the other.

Understand that credit card companies only make money if they are able to charge interest on purchases or collect an annual fee and since any Citi credit card comes with no annual fee attached, they count on interest in order to make a profit.

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