Credit Card Profile: Citibank Silver Credit Card
December 14, 2009
How would you like access to a decent credit card rewards programme, but without all of the bells and whistles (and high fees) associated with gold and platinum cards where those rewards programmes are offered? If you’re looking for something a little more low-key but a credit card that still pays you to use it, the Citibank Silver credit card might be just what you’re looking for.
You can learn more about the Citibank Silver credit card below, and follow the “apply now” link below to a secure online application if you think the card is right for you.
Type of Credit Card: Balance transfer card / Rewards credit card
Interest Rates*: The Citibank Silver credit card helps you save money on existing balances with other credit cards with their 2.9% interest rate on balance transfers for up to a full 12 months. The standard rate for purchases is 19.99%, and the cash advance interest rate is 20.99%. It’s important to note that balance transfers are always paid back first (meaning you can’t pay off new purchases until the full balance transfer is paid off). If you don’t pay off your entire balance transfer amount by the end of the introductory period, the rate will revert to the cash advance rate on the remaining balance.
Annual Fee*: This credit card features a low annual fee of just $69. If you want additional cardholders, you’ll simply pay a $15 fee annually for each additional card issued.
Rewards / Extras*: Citibank’s silver rewards programme allows you to earn one rewards point for every dollar you spend using your new Citibank Silver credit card. You can choose from a wide range of rewards including travel, merchandise, gift cards, and cash back on your credit card. Your Citibank silver rewards points will never expire as long as your account is active.
In addition to being able to earn rewards points you’ll also receive other perks including purchase cover and access to Citibank World Privileges. You even have the option to get CreditShield Plus Insurance, which will cover your minimum payments if you become unable to work temporarily due to illness or injury, so an unfortunate situation doesn’t have to ruin your credit history.
Additional Details*: The Citibank Silver credit card offers credit limits of up to $7500, and you can choose either a Visa or MasterCard when you apply. You must have an annual taxable income of at least $20,000 to be eligible for the Citibank Silver credit card.
* Interest rates, annual fees, and rewards programme details were taken from the most accurate data available at the time of writing. All rates and fees are subject to change from the issuing bank, and their inclusion here in no way serves as a guarantee of rates. Please review rates and terms with the card issuer at the time of application.
