Types of credit cards
Citi Simplicity® Card
The Citi Simplicity Card has a lengthy introductory APR period for balance transfers, but there's a catch: a 5% fee (minimum $5) is charged for each transfer. There is a generous introductory APR period for all purchases. If you plan to carry a load for an extended period, this is a card to consider because there is neither a rewards program nor a welcome bonus.
Citi® Double Cash Card
The Citi Double Cash is a popular choice for consumers who desire a set-it-and-forget-it credit card due to its straightforward cash-back structure and lengthy introductory APR offer for transferring balances. It comes with no annual fee and provides a competitive cash-back rate on purchases and a promotional 0% APR period on balance transfers.
Citi® Diamond Preferred® Card
People wishing to gradually consolidate their debt and pay it early would benefit from the extended introductory offer on balance transfers. There is no yearly charge, adding to its low price, and it has a high balance transfer charge and few other incentives.
Citi Premier® Card
The card may be suitable for road warriors and frequent travelers due to the three points earned for every dollar spent on various travel necessities and at fueling stations. Anyone planning to carry a balance should seek elsewhere, as the card has a high APR and no introductory APR offer.
Citi® Secured Mastercard®
If you want to improve or establish your credit history, the Citi® Secured Mastercard® is a no-frills alternative to consider. It doesn't offer any perks as some other secured credit cards do, but it also doesn't charge the high costs that some of them do. If you make your payments on time for 18 months, you may be eligible for an unsecured card. Avoid carrying a balance if you want to keep your interest rates low.
Citi Rewards+® Card
Citi Rewards+® Card is an everyday-use card for less-than-$100 buys. Citi rewards all purchases to the nearest 10 points. For every dollar you spend, you'll get the point back. Earn more rewards with a higher earning rate on supermarket and gas expenditure up to a $6,000 annual ceiling and a 10% yearly redemption incentive (on up to 100,000 redeemed points).
Pros and cons
Pros
Beneficial for significant purchases or consolidating debts
No recurring costs
No fees or penalties for being late
Low introductory APRs
Flexible travel redemption options.
Cons
A cost on transactions in foreign currency
Charges for transferring a balance
A high annual percentage rate of penalty.
Main requirements
After you have selected the credit card you will use, the next step is to assemble all the required documentation for your credit card. These will be standard documents, such as:
Proof of age. Most times, you will be required to present a second form of identification to satisfy age requirements and safety concerns. Cardholders must be at least eighteen years old. Therefore, if you are applying for a card before you reach that age, ensure your identification is up to date.
Financial documentation. Even if you simply need to state your gross income on the application, it is still a good idea to have proof of income documentation.
I.D. verification. To protect yourself against fraud and establish your identity, you will need a truncated taxpayer identification number (TIN) or a social security number (SSN).
How to apply for a card
A credit card application is a multi-step procedure, so it's best to be prepared. There are only a few procedures involved in applying for a credit card:
You should look at your credit rating. The required minimum credit score to get approved for a particular credit card will vary among the various cards. Secured credit cards, for example, may not have any credit score requirement.
Think carefully about which credit card you want to apply for. Find the card that suits your needs based on your credit score after obtaining it. There are two primary categories of credit cards: secured (like student cards) and unsecured (like rewards cards).
Have a look at your preapproval status. Card issuers use preapproval offers to locate new customers, often advertised by email and snail mail.
Check out the Credit Card Application Requirements. Once you've settled on a credit card, you'll need to assemble the card's supporting paperwork.
Before applying for a credit card, read the fine print. Standard credit card terms and conditions are included on every application. Before moving forward with the application process, ensure you fully understand these terms, including the interest rates, repayment terms, and default situations. You wouldn't want to use the card for six months before discovering an unexpected increase in interest.
How to pay off a debt
You are able to pay the bill for your Citibank credit card in a number of different ways: online, through the Citi mobile app, or by calling (800) 950-5114. You also have the option of paying off your Citi credit card by visiting a local bank or mailing in your payment.