The Best Citicards of 2014
Whether you’re looking for rewards on your purchases or looking to shed your balance, there’s a Citi credit card for you. Citibank offers some of the best get-out-of-debt deals out there, and plays in the rewards-card big leagues as well. Plus, all Citi consumer and student credit cards come chip-enabled, so you’ll be ready for the 2015 migration to EMV. Here are the best Citicards out there.
Best rewards credit card
The Citi ThankYou® Premier Card is a great rewards credit card. It starts off with a solid signup bonus: Earn up to 50,000 bonus ThankYou® Points, after required spend. It continues with 3 points per $1 on restaurants and entertainment, 2 per $1 on airfare and hotels, and 1 per $1 elsewhere. What’s more, points are worth an extra 25% when you redeem for travel booked through Citi’s Kayak-like tool. Its annual fee is fairly steep at $125; fee waived for the first 12 months*, but we think it’s more than offset by the awesome signup bonus. Moreover, it charges no foreign transaction fee, so it’s ideal for travelers.
Best low interest and balance transfer card
The Citi Simplicity® Card really is one of the best get-out-of-debt options on the market. It offers an industry-leading 18 months of 0% interest on purchases and balance transfers, so it’s a great way to get rid of existing debt or make a big purchase and pay it off over time. But where the Citi Simplicity® Card stands out is its late fee and penalty APR: It has none. Whereas other cards will slap you with a $35 fee and jack up your interest rate to almost 30% if you miss a payment, the Citi Simplicity® Card does…nothing. It gives you a free pass, understanding that sometimes it’s hard to stay on top of your payments. For its best-in-class zero APR period and foregone fees, the Simplicity wins out as one of the best cards out there.
Best rewards card with no fee and cash back
The Citi® Double Cash Card is one of our favorite cash-back cards on the market today. It offers 1% cash back when you make your purchases, then an additional 1% back when you pay them off. This means that if you’re paying your bill in full every month (which you are, right?), you’re effectively earning cash back at one of the highest rates out there. A rewards rate like this is tough to beat, and it comes with no annual fee attached. There’s no limit to the rewards you can earn, so you won’t have to worry about running up against any spending caps. Plus, you have a few choices when it comes time to redeem: statement credit, check or gift cards. If you’re looking for a card that will give you a high, ongoing return on your purchases and payments, all without having to shell out for an annual fee, the Citi® Double Cash Card is a no-brainer.
Best credit card for college students
The Citi ThankYou® Preferred Card for College Students is a great choice for college kids who want to earn rewards while they build credit. With it, students will score 2 ThankYou points for every dollar spent on dining and entertainment and 1 ThankYou point for every dollar spent on other purchases. The card comes with no annual fee and a decent signup bonus: Earn 2,500 bonus ThankYou® Points after spending $500 within the first 3 months of cardmembership. Just remember that you’ll get the best value from ThankYou points when you redeem them for bill payments or gift cards; other options like cash and merchandise won’t allow you to get the most bang per point.