Top Reasons why Citi Custom Cash is Great

Top Reasons why Citi Custom Cash is Great

When it comes to “No annual fee” credit card, there are a lot of choices available. Most people prefer to get a cash back credit card without any annual Fee. In this segment, the new addition from Citi is “Custom Cash” credit card. Citi has come up with a very interesting cash back feature. Let’s discuss in detail on what are the important features and is there any drawbacks for this card. As this is a MasterCard, you will get all the standard benefits you get from Mastercard on top of Citi’s special card features.

Citi Custom Cash Card with $200 Sign up Bonus

This card comes with a $200 cash back on spending $750 within 3 months of account opening. You will be awarded with 20000 Thank you Points which is worth of $200 in value either as a statement credit or can redeem in various other forms like Gift Cards, Paying with Points on Amazon. This card is allowed only one for each customer. To be eligible for the $200 bonus you shouldn’t have received this bonus in the last 48 months.

What’s different in Citi Custom Cash Reward Categories

Citi Custom Cash Card is a MasterCard credit card comes with a great cash back feature. Card Members will earn 5% cash back on the top spending category and 1% cash back on remaining purchases. This is a very unique feature as Citi calculates the 5% cash based on your spending on each billing cycle thus maximizing your rewards.

So, if you spend more on restaurants this month and more on groceries next month, you will get 5% cash back on these categories on the respective monthly billing cycle. There is no minimum to redeem your rewards in form of direct deposit or statement credit.

What are the eligible categories for 5% Cash Back on Custom Cash Card

As per Citi’s website, below are the categories considered for 5% high spending category.

  • Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, live entertainment.

This credit card offers other benefits like $0 Annual Fee, low intro APR of 0% for the first 15 months. It also comes with MasterCard’s standard credit card benefits.

Top Reasons why Citi Custom Cash is Great

Negatives on Custom Cash credit card

Some of the negatives on this card are its cap on the 5% rewards category. 5% high spending category is capped at $500 in each billing cycle and rest of the purchases with earn 1% rewards like any other category. There is no other categories that earn extra rewards like other cash back credit cards. There are other credit cards like Bank of America cash back card or U.S. Bank Cash+ card offer many categories where you can earn 5% or 3% cashback.

Final Thoughts

This Credit Card is a great choice with 5% rewards on top spending categories and all being taken care by the bank. There is no manual sign up needed which is a great plus as you often forget to enroll in revolving categories. Along with Citi Custom Card card’s great rewards, it’s giving a $200 sign up bonus making it even more attractive. This card can easily replace Citi’s own “Double Cash” card. If you have a credit score of 690 or above, you get better odds of approval. Let me know what’s your best choice for a cash back credit card.

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