Citi Bank credit cards are an excellent way to build your credit rating and score. There are some things you need to understand about how the credit cards work. Citi Bank cards and any other credit card are secured with your money, which is why they are more secure than other cards. They also offer a rewards program that can help you save money each month. The rewards and features on the card will depend on the type of card that you apply for.
Citi Bank offers many different credit cards that you can apply for. You can choose a card based on your spending habits. If you are a person that tends to buy things on impulse then you may want to get the secured credit card. This card will allow you to set up an account with the bank and have a deposit in order to keep the card. When you use your card you are going to be charged an interest rate and this rate can vary depending on the bank. You can also get an increase in the interest rate when you make regular payments which helps you pay off the balance more quickly.
If you are a person that does not like to make impulse purchases Citi Bank has the unsecured credit card. This card is for those people who are able to pay cash on the debit card each month. The reason why the unsecured card is different from the secured card is because the bank is not going to charge you an interest rate and you do not need to have a deposit in order to keep your card.
If you are looking for a credit card that gives you added perks CITI Bank has a credit card called the Preferred Rewards Visa Card. This card gives you cash back when you use your card to purchase merchandise from their selected retailers. You can also get air miles and bonus points at many of their participating stores. This card is great for people who shop at home or for those who like to travel, as they will be rewarded for their expenditures.
Citibank offers several other credit cards. They offer the revolving EFT cards, which can be paid for over time or automatically. This card has an annual fee but this is well worth it. The Business Cash card is another great card from Citibank. This card allows business owners to use their line of credit up to five thousand dollars. The account can be held in conjunction with the business accounts and many business owners find this convenient.
If you currently own a Citibank credit card, you may want to look into some of the rewards programs offered by Citibank. The rewards programs are geared to those who wish to maintain a good credit rating. There are no interest rate charges attached to the credit card accounts with Citibank and these cards give the user the ability to build credit. Remember that with any credit card there are always fees and charges and these should be considered when looking at using a . . . . . . credit card. The fees associated with a CITI bank credit card may be less than those associated with the Visa or MasterCard cards.