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Imagine you spend $400 at grocery stores and $300 at restaurants in a billing cycle. The card will identify groceries as your top spending category for that cycle, thus earning you 5% cash back on the $400 spent at grocery stores. Any additional spending in other categories would earn cash back at a lower rate. This feature makes it easy to maximize your rewards by naturally aligning with your spending patterns.

After Reaching the $500 Cap

Once you hit the $500 cap in your top category, any further spending in that category will earn you 1% cash back for the rest of the billing cycle. Additionally, all other purchases outside of your top category will also earn 1% cash back throughout the billing cycle. This ensures that you’re always earning rewards, even if you’ve maxed out your 5% earnings in a particular category.

Redeeming Your Cash Back Rewards

Redeeming your cash back rewards with the Citi Custom Cash Card is straightforward. You can choose from a variety of options including:

  • Statement Credits: Apply your cash back directly to your credit card bill.
  • Direct Deposits: Transfer your rewards to a linked bank account.
  • Gift Cards: Exchange your rewards for gift cards from various retailers.
  • Travel Rewards: Use your cash back for travel expenses like flights and hotels.

These flexible redemption options make it easy to utilize your rewards in a way that suits your lifestyle.

For more detailed information about the Citi Custom Cash Card, you can visit the official Citi website or check out reviews on reputable financial blogs like NerdWallet.

Additional Card Benefits and Fees

Intro APR Offer on Purchases and Balance Transfers

One of the standout features of the Citi Custom Cash Card is its introductory APR offer. New cardholders can enjoy a 0% APR on purchases and balance transfers for the first 15 months from account opening. This is an excellent option if you’re planning a large purchase or need to consolidate existing debt without the immediate burden of interest. After the introductory period, the standard variable APR will apply, based on your creditworthiness.

No Annual Fee

A significant advantage of the Citi Custom Cash Card is its no annual fee structure. This means you can enjoy all the rewards and benefits without the worry of an annual cost eating into your cash back earnings. This feature makes it an attractive choice for those who prefer not to pay to maintain a credit card.

Other Potential Benefits and Fees

Beyond the intro APR and no annual fee, the Citi Custom Cash Card comes with a range of additional benefits:

  • Security Features: The card offers enhanced security through Citi’s Identity Theft Solutions, ensuring that your personal information is protected.
  • Digital Wallet Integration: You can easily add your Citi Custom Cash Card to digital wallets like Apple Pay, Google Pay, and Samsung Pay for quick and secure transactions.
  • Flexible Redemption Options: As highlighted in the previous chapter, you can redeem your cash back rewards via statement credits, direct deposits, gift cards, or travel. Detailed information can be found on the Citi website or financial blogs like NerdWallet.
  • Foreign Transaction Fee: While the card has many perks, it’s worth noting that it does come with a 3% foreign transaction fee. This is something to consider if you frequently travel abroad.
  • Late Payment Fees: Late payment fees can go up to $40, so it’s crucial to make timely payments to avoid these charges.

With its combination of a strong introductory APR offer, no annual fee, and a suite of security and convenience features, the Citi Custom Cash Card stands out as a versatile tool for managing your finances wisely. “`

Who Should Consider the Citi Custom Cash Card?

Ideal for Versatile Spenders

The Citi Custom Cash Card is a standout option for those seeking a versatile cash back card with no annual fee. Its unique feature of earning 5% cash back on your top eligible spending category each billing cycle makes it perfect for those with varying monthly expenses. Whether you spend big on grocery shopping one month and on dining out the next, this card adapts to your habits, ensuring you get the most bang for your buck.

Pairing Strategies to Maximize Rewards

To maximize rewards, consider pairing the Citi Custom Cash Card with other credit cards that offer high rewards in different categories. For example:

  • Use a travel rewards card for booking flights and hotels.
  • Utilize a gas rewards card for fuel purchases.
  • Employ a flat-rate cash back card for all other spending.

By strategically using multiple cards, you can ensure you’re earning the highest possible rewards on every purchase.

Great for Credit Card Novices

For those new to the world of credit cards, the Citi Custom Cash Card is an excellent choice. With no annual fee, you don’t have to worry about offsetting a yearly cost with your rewards. Additionally, the automatic categorization simplifies earning cash back, making it easier to understand and manage.

No Specific Spending Habits Required

If you don’t have specific bonus category spending habits, this card is still beneficial. The flexibility in earning rewards based on your top spending category each month means you don’t need to adjust your spending patterns to maximize benefits. Simply use the card for your regular purchases and enjoy the rewards as they come. 

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