Summary List Placement
Citi has launched a brand new credit card — the Citi Custom Cash℠ Card.
It’s offering a bonus of Citi Custom Cash℠ Card.
You’ll earn 5% back on up to $500 spent in your top eligible spending category each billing cycle.
Read Insider’s guide to the best rewards credit cards.
It’s not often a major card issuer introduces a brand-new credit card, and even less common to see a new card with a completely novel rewards structure.
Citi has just launched the no-annual-fee Citi Custom Cash℠ Card, and it’s out to give other 5% cash-back cards some stiff competition. It’s got a solid welcome bonus: Citi Custom Cash℠ Card. And cardholders can earn 5% cash back on purchases in their top eligible spending category (from a list) each billing cycle, on up $500 in spending (then 1%).
Because the Citi Custom Cash℠ Card earns rewards in the form of Citi ThankYou points, you’re not limited to using your earnings for straight cash back. You can redeem Citi ThankYou points in a variety of other ways, including travel booked through Citi, gift cards, merchandise, and (if you have certain other Citi ThankYou cards) transfers to over a dozen airline partners.
Here’s everything you need to know about the new Citi Custom Cash℠ Card.
Citi Custom Cash Card details
Citi Custom Cash℠ Card
The Citi Custom Cash℠ Card starts you off with a welcome bonus and a reasonable minimum spending requirement: Citi Custom Cash℠ Card. That works out to an average of $250 a month, which should be attainable for most people just with regular spending.
The card’s real strength is in its 5% categories, and how easy Citi makes it to earn this bonus. There are no rotating categories to track and no enrollment required (unlike some competing cards like the Chase Freedom Flex℠ and Discover it® Cash Back), so the Citi Custom Cash℠ Card is a great pick if you prefer simplicity.
Read more: The best cash-back credit cards in 2021
You’ll earn 5% cash back (5x Citi ThankYou points) on the eligible category you spend the most in each billing cycle, on up to $500 in total spending (then 1%), and 1% back (1x Citi ThankYou points) on all other purchases. The 1% return on other purchases isn’t exciting, but the 5% back categories span a wide range of everyday expenses.
Citi Custom Cash Card 5x bonus categories
Select streaming services
Home improvement stores
You might notice some of these categories are familiar — many of the best rewards credit cards, for example, earn a bonus on travel purchases, or at restaurants, supermarkets, and gas stations. However, a few categories are sprinkled in here that don’t typically earn a bonus with most top cards, such as home improvement stores, fitness clubs, and live entertainment.
If you don’t have a lot …read more
Source:: Business Insider