![]() ![]() The card earns 5% cash back on purchases in a top eligible spend category each billing cycle, up to the first $500 in spending each month and 1% cash back on all other purchases. Rewards are earned automatically with the Citi Custom Cash℠ Card. The balance transfer fee may be on the high side, but the card might still be good for those looking to pay down large purchases over time. There is also a balance transfer fee of 5% of each balance transfer $5 minimum. After that, the variable APR will be 19.24% - 29.24%, based on creditworthiness. The Custom Cash also offers a 0% introductory APR for 15 months from date of account opening on purchases and from date of first transfer for balance transfers completed within 4 months of account opening. But for those who pair these two cards, the extra 3% cash back on $500 per month in spend may be worth the extra account. If choosing between cards, a 2% cash-back card is likely a better option. With 2% cash back, a monthly spend of $2,000 earns the same amount of cash back as $500 in one category at 5% cash back and $1,500 in all other categories at 1% cash back. The Double Cash earns 2% cash back on all purchases-1% when purchases are made and another 1% when they’re paid off. It’s likely that for most cardholders, a 2% cash-back card like the Citi® Double Cash Card will be more convenient. Earning $25 back on $500 is not a bad return, but cardholders will have to ask themselves if up to $25 extra return per month is worth an additional credit card to manage and an extra open account on a credit report. But considering it’s limited to the first $500 of spend in the eligible category means the maximum cash-back reward earned each month at the 5% rate will be $25. Bonus categories include restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment.įor others who want to maximize the first $500 in bigger spend categories, like restaurants, gas stations and grocery stores, 5% is hard to beat. ![]() For this reason, the Custom Cash Card may work well as an additional card to carry for use in one of the eligible categories. In addition, the card doesn’t have onerous opt-in requirements that other 5% category cards do, meaning that you have one less to-do task every quarter. Arguably the best part of the Citi Custom Cash℠ Card might be that the eligible categories for 5% cash back are unique enough that finding a comparable card to earn bonus rewards on spending in those areas is tough. For those who love going to concerts, are big into home improvement, have too many fitness club subscriptions or streaming service subscriptions, this card can earn rewards in categories most cash-back cards never touch with a bonus rate. ![]()
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