Best Citibank Credit Card

Citibank was established over 200 years ago as the City Bank of New York, and in that time it has grown into one of the biggest banks in the US, with a presence in dozens of countries around the world.

One of the biggest earners for Citibank is credit cards, millions of which are issued every year, generating billions in profits and offering customers with good credit a wealth of options. In this guide we’ll look at the best and the worst Citibank credit cards, hopefully pointing you towards a card that will benefit you.

The Best Citibank Credit Cards

Before we get to our best Citibank credit cards it’s worth noting that these cards won’t be “the best” for everyone. A rewards card is only beneficial if you pay off your balance every month, as is a card that offers big bonuses at the expense of high rates. On the other hand, someone who dips into the red every month may be better off with a card that focuses on low interest and free balance transfers.

We have tried to take the average consumer into account when listing these best and worst Citibank credit cards, but you should still take your own financial situation into account when looking for your new credit card.

Best: Citibank Diamond Preferred Card

Best Citibank Credit Cards

This is an exceptional credit card provided by one of the most trusted banks in the United States. We do not think it is the best credit card out there right now, but it is certainly in the top 10 and if you take rewards cards out of the equation it makes it into the top 2 or 3.

You will need a credit score that is “Good” to “Excellent” and the Citibank Diamond Preferred Card provides customers with a wealth of benefits and great rates, as explained below:

Citibank Diamond Preferred Card Rewards and Benefits

  • 0% on purchases for the fist 12 months.
  • 0% on balance transfers for 21 months after first transfer.
  • Free access to your FICO score.
  • No fraud liability.

Citibank Diamond Preferred Card Rates

  • 14.74% to 24.74% APR when introductory period ends.
  • No annual fee.
  • 5% balance transfer fee.
  • 3% foreign transaction fee.
  • Travel and auto insurance.

Second Best: Citibank Thank You Card

Citibank Credit Cards

We are big fans of rewards cards, as any regular readers of this site will know. But we also understand the importance of low interest rates, which is why we put a non-rewards card at number one.

Once you venture into the realm of big rewards then you will find plenty on offer with Citibank. The best of their rewards cards is the Citibank Thank You Card, which offers points every time you spend and gives you even more points when you spend on things like travel, gas, dining and more.

60,000 reward points can be redeemed for $750 on airfare or $600 on gift certificates. But as good as all of that is, you need an “Excellent” credit rating to get a Citibank Thank You credit card. That will rule out a significant percentage of the people reading this guide.

Citibank Thank You Card Rewards and Benefits

  • Earn points every time you spend using your card.
  • Get twice as many points when you spend at restaurants.
  • Get three times as many points when you spend on travel and gas.
  • Earn 60,000 points when you spend $4,000 or more within your first three months.
  • The points have no expiration date.

Citibank Thank You Card Rates

  • 16.24% to 25.24% APR.
  • Annual fee of $95 (waived for the first year).
  • No foreign transaction fee.
  • 3% balance transfer fee.
  • 5% cash advance fee.
  • Penalty APR of up to 29.99%
  • No fraud liability.
  • Free insurance provided.

Third Best: Citibank AAdvantage Platinum Select

The Citibank AAdvantage is a rewards credit card we have discussed before, one that has made it onto many of our top lists and one that deserves a mention here as well.

There are a few different versions of this credit card, including the Executive World Elite, but we feel that the Platinum Select is a little more accessible to the average user, as a “Good” rating is required instead of the “Excellent” needed for the Executive World Elite.

Citibank AAdvantage Platinum Select Rewards and Benefits

  • Get 2 miles for every $1 that you spend.
  • Get 50,000 bonus points when you spend $2,500 in the first 3 months of your membership.
  • Get a $100 flight discount when you spend $20,000 in one year.

Citibank AAdvantage Platinum Select Rates

  • No foreign transaction fee.
  • $99 annual fee (waived for the first year).
  • Perks with American Airlines.
  • 29.99% penalty APR.
  • 5% cash advance fee.
  • 0% foreign transaction fee.
  • 3% balance transfer fee.

Other Top Citibank Credit Cards

Citibank Credit Card

Citibank have a secured credit card that could come in handy if you need to build credit fast. A secured credit card works to a limit that is set by you. You basically give them money and then they give you a credit card to the value of this money.

It doesn’t sound very useful, but every time you use that credit card you will build your credit score and at the end of the term you may also be offered an unsecured credit card. So, even though you’re basically spending your own money and getting a slip of plastic that allows you to do so, that slip of plastic offers a wealth of benefits for people with no credit and low credit.

There is also the Citi Simplicity Card, which has a number of benefits, including 0% interest for 18 months, and comes with a very respectable regular APR. This card also promises to never charge late fees, which is rare (to say the least) and could be very useful to customers drowning in debt.

The Worst Citibank Credit Card

There are some terrible credit cards out there and we have discussed a few of these already on DebtReviews. The NFL Extra Points Card was flawed, and the GameStop credit card was terrible. But there is nothing this bad that carries the Citibank name. Most of their cards will be useful to someone, from their Preferred Card for College Students, to their American Airlines card.

If we had to pick one card that we didn’t like as much as the others we would probably pick out the Expedia Citibank credit card, which is a rather limited rewards card that just doesn’t come close to the other Citibank credit cards mentioned above.

But we still wouldn’t recommend dismissing it completely. Include it in your search, see how it compares to the others based on your finances and your personal situation, and only dismiss it when you are sure that there is a better option out there.

You should also make sure that you include other top credit card providers in your search, from Wells Fargo to American Express and Discover.