The
Citi Custom Cash® Card is a good credit card for people with a
640+ credit score who want to automatically earn an above-average rewards rate in their biggest spending category each month. Citi Custom Cash is most worthwhile for relatively light spenders, as its
5% rewards rate only lasts up to $500 spent per billing cycle.
More specifically, the Citi Custom Cash credit card rewards cardholders with
5% cash back, up to $500 spent per billing cycle, on purchases in whichever eligible spending category ends up having the highest total each billing cycle. However, all other purchases made with this card earn just
1% cash back, which is roughly the market average.
In addition to its ongoing rewards, the Citi Custom Cash Card’s best features include a
$0 annual fee and an initial bonus of
$200 for spending
$1,500 within
6 months of opening an account. New cardholders also enjoy 0% introductory APRs on new purchases and balance transfers.
Citi Custom Cash Card Review Highlights
$200 Initial Bonus
The Citi Custom Cash initial bonus is
$200 as a reward for spending
$1,500 in the first
6 months after account opening. The average cash back credit card offer has an initial bonus of
$242. The bonus will be awarded as 20,000 ThankYou Points, which can be redeemed for
$200 cash back.
0% Intro APR
Citi Custom Cash offers
0% for 15 months on new purchases and
0% for 15 months on balance transfers. The average length of 0% APR periods among new credit card offers is
11 months for purchases and
13 months for balance transfers. The only potential downsides are the Custom Cash Card’s higher regular APR and balance transfer fee of
5% (min $5).
1 - 5% Cash Back in Ongoing Rewards
Cardholders are rewarded with either
1% or
5% cash back on purchases, depending on the types of purchases and the amount spent each billing cycle. The first $500 spent in your biggest eligible spending category each billing cycle gets
5% back. Everything else gets
1%.
The Citi Custom Cash Card’s list of spending categories eligible for bonus rewards includes restaurants, gas stations, grocery stores, select travel, transit, streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment. Unlike with some cards, you don't have to sign up for new bonus categories with Citi Custom Cash, as the rewards automatically reflect your biggest expenses.
$0 Annual Fee
The Citi Custom Cash Card’s
$0 annual fee makes it
$21.58 per year cheaper than the average credit card offer.
3% Foreign Transaction Fee
The Citi Custom Cash Card’s
3% foreign fee applies to purchases made while abroad or online through foreign merchants. It’s best to use a
credit card with no foreign fee for such transactions.
19.24% - 29.24% (V) APR
Depending on each applicant’s overall creditworthiness, the
Citi Custom Cash® Card interest rate can be anywhere from
19.24% to 29.24% (V). The average interest rate among new credit card offers is
22.9%.
640+ Credit Score Needed
The
Citi Custom Cash® Card requires
fair credit or better for approval. You can
check your latest credit score for free on WalletHub.
