By Natasha Souza - February 1, 2022

The Citi Custom Cash credit card has no annual fee and offers a 5% cashback reward on top eligible spend categories

Citi Custom Cash credit card at a glance

How much do you spend on your card each month? Have you ever thought about earning money back using a cashback card? Some cards stand out because their points programs are not affected by the value of the currency. In this sense, cashback cards can be a great option, and so can the Citi Custom Cash.

It is important that you know that Citi only issues one Citi Custom Cash credit card account per member. Their cashback offer will be fulfilled as 20,000 ThankYou points, which you can redeem for $200 cashback. However, one can only qualify for this bonus offer if no bonus offer was received in the past 48 months. 

In addition, there are no rotating bonus categories to sign up for. Citi believes it is important that your earnings adjust automatically as your spending changes each billing cycle. Redeem your points for money back in the form of a statement credit, direct deposit, or check. Or, look into other ways to redeem points, such as gift cards, travel, and shopping with points at Amazon.com.

Continue reading to learn more about the features of this credit card and how it can benefit your business. 

Credit card details 

Rates, fees, and benefits 

Welcome bonus – $200 cashback reward on purchases of $750 or more during the first three months

Intro APR – 0% during the first fifteen months (terms apply) 

Ongoing APR – From 13.99% to 23.99%, according to your creditworthiness, as well as the Prime Rate

Intro balance transfer APR – 0% during the first fifteen months, as of the date of first transfer, when it is completed within the first four months

Balance transfer APR – From 13.99% to 23.99%, according to your creditworthiness, as well as the Prime Rate

Cash advance APR – 25.24%, according to the Prime Rate

Penalty APR 

Late payments: Up to 29.99%, according to your creditworthiness, as well as the Prime Rate

Returned payments: Up to 29.99%, according to your creditworthiness, as well as the Prime Rate 

Minimum interest charge – No less than 50 cents 

Annual membership fee – None 

Rewards 

  • Get 5% cashback rewards each billing cycle on purchases of up to $500, within the following eligible categories: restaurants, gas stations, groceries, travels, transit, streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment
  • After that, get unlimited 1% cashback rewards on all other purchases

Foreign transaction fee – 3% (in U.S. dollars)

Cash advance fee – Either $10 or 5%, whichever is greater

Intro balance transfer fee – N/A

Balance transfer fee — Either $5 or 5%, whichever is greater

Penalty fees  

Late payments: Up to $40

Return payments: Up to $40

Return checks: N/A 

Credit score – Good to excellent, or 690 to 850 

Pros 

Benefits include: 

  • Convenience: automatic account alerts, contactless pay, digital wallets, mobile app, payment due date flexibility 
  • Protection: theft protection, zero liability on unauthorized charges, free access to FICO credit score, fraud early warning, instantaneous card block in case of misplacement 
  • Support: 24/7 customer service 
  • And more

Cons 

  • Outside of the bonus categories, the rate is low 
  • Good to excellent credit score is required 
  • There are only a few bonus cashback rewards categories that are eligible 
  • Fees for foreign transactions and balance transfers are pricey 

How to apply for the Citi Custom Cash credit card? 

Citi’s customer services are very accessible. To apply for this credit card, you can either do so online, and sign on as a member, in case you are already a customer; or you can do it by phone (1-800-362-0526), or through a teletypewriter (711), or other relay service. You can also visit the Consumer Financial Protection Bureau’s website and learn more about factors to consider when applying for or using a credit card. 

How did you come across our content? We want to know what you think! And do not forget to tell your friends and family. We believe that financial education has the power to change people’s lives! 

About the Author Natasha Souza


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