Citizens Bank Cash Back Plus

Great Intro Bonus from Citizens Bank Cash Back Plus


Citizens bank has introduced a great Introductory Bonus of 5% Back on first $6000 spent in your first year. Most of the cash back cards gives you some Intro bonus of $150 or $200. Those offers require you to spend within first 3 or 6 months after account opening. Great Intro Bonus from Citizens Bank Cash Back Plus gives an entire year to spend $6000 which can be met easily.

Overall Benefits of Cash Back Plus Card

Apart from the 5% back intro offers, this card also gives an APR intro offer. It gives you 0% APR for 15 months on Balance transfers with first 60 days of account opening. There is a balance transfer fee of 4% of the amount of each transfer or $10, whichever is greater. So you can do the math before transferring a balance to this card.

Great Intro Bonus from Citizens Bank Cash Back Plus
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After your first year or meeting $6000 spend, you cash back drops to 1.8% flat on all transactions. It’s still a very good cash back rate which is just behind Citi Cash Back Card’s 2% flat rewards. It’s a World MasterCard which doesn’t have any foreign transaction fee. There is no annual fee on this card so its free to carry. There is no penalty APR like many other credit cards if you miss a payment.

Things I don’t like about this card

Though it gives a good cash back offer, its redemption process is little troublesome. You can redeem a statement credit on your card or as a direct deposit. Direct Deposit should be into your Citizens personal checking, savings or money market account. Cash Back Redemption has to be in the increments of $25. Most cash back has similar restriction to have a minimum threshold to redeem.

Great Intro Bonus from Citizens Bank Cash Back Plus
Citizens Bank Cash Back Plus

But this card is ever more stricter. For example, if you have $70 cash back available then you are allowed to redeem only $50. And the remaining $20 has to wait for another $5 cash back to make it as $25. Also no revolving categories for cash back like other cards.

Final Thoughts

Citizen Bank Cash Back Plus is an excellent cash back card to choose. Intro Cash Back up to $300 with a no annual fee, 0% Intro Balance Transfer offer and with all the standard benefits from a MasterCard makes this a great choice. If you have a credit score of 690 or higher, you got better odds of approval. Hope this post gave some idea on this cash back credit card. Let me know your thoughts or comments.

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