Money Analysed

Maximizing Rewards with the Citibank Custom Cash Card: Earning and Redeeming Citi ThankYou Points

The Citibank Custom Cash Card is the latest addition to Citibank’s impressive lineup of customizable credit cards. It offers a unique set of benefits and features designed to provide maximum value to its cardholders.

Benefits and Features

One of the most attractive aspects of the Citibank Custom Cash Card is that it offers cash back rewards on all of your purchases. The cardholder earns 5% cash back on eligible spending categories that they choose every billing cycle, while they earn an unlimited 1% cash back rewards on all other purchases.

The spending categories include options like groceries, restaurants, gas stations, and more. The cardholder can select a different category every month, or they can choose a category and keep it for the year.

This feature gives the Citibank Custom Cash Card an edge over other cashback credit cards that offer a fixed category for the entire calendar year. In addition to the flexible earning structure, the Citibank Custom Cash Card also offers a bonus reward when you spend $1,500 within the first six months of opening an account.

The cardholder will receive a $200 cashback bonus, which is a great incentive for new customers. Another valuable feature of the Citibank Custom Cash Card is the

ThankYou Points that cardholders can earn.

ThankYou Points can be redeemed for a variety of things, including merchandise, travel, cashback, and more.

Who Should Get the Card

The Citibank Custom Cash Card is an ideal fit for anyone who wants to earn cashback rewards on their purchases. It’s especially suitable for individuals who spend a lot of money in the eligible categories, such as gas, groceries, or dining.

The Custom Cash Card is perfect if you want the flexibility to choose your spending categories every billing cycle, so you can maximize your rewards. The Citibank Custom Cash Card is an excellent option if you have a good to an excellent credit score.

The better your credit score, the higher the chance you have of getting approved for the card. It also means you will most likely get a lower interest rate and a higher credit limit.

Card Basics

The Citibank Custom Cash Card is a cashback credit card issued by Citibank. It operates on the Mastercard network, which means that it’s accepted globally.

There is no annual fee associated with this card, making it an excellent choice for those who want to earn rewards without paying any fees. As mentioned earlier, the Citibank Custom Cash Card also offers a bonus reward.

This bonus reward allows cardholders to earn a $200 cashback bonus when they spend $1,500 within the first six months of opening an account. This is an excellent opportunity to earn some extra cash while making your regular purchases.

Reward Rate

The Citibank Custom Cash Card offers 5% cashback rewards on eligible spending categories of your choice every month, and an unlimited 1% cashback rewards on all other purchases. This feature is incredibly flexible, allowing you to choose where you want to earn rewards each month.

You can maximize your rewards by selecting the categories where you spend the most, like gas or groceries.

Recommended Credit Score

The Citibank Custom Cash Card is ideal for individuals with a good to an excellent credit score. This is because the better your credit score, the higher the chance you have of getting approved for the card.

It also means you will most likely receive a lower interest rate and a higher credit limit.

Intro APR and

Foreign Transaction Fee

The Citibank Custom Cash Card offers a 0% intro APR on balance transfers and purchases for the first 15 months. This is a great opportunity for cardholders to transfer their existing balances to the Citibank Custom Cash Card and pay off their debt interest-free.

After the introductory period, the regular variable APR applies. However, the Citibank Custom Cash Card charges a 3% foreign transaction fee on all international transactions.

This may be a disadvantage for individuals who travel frequently or make purchases from international retailers. It’s important to keep this in mind when using your Citibank Custom Cash Card outside of the US.

Conclusion

The Citibank Custom Cash Card is an excellent option for individuals who want to earn cashback rewards on their purchases. It offers unique and flexible earning options, making it easy for cardholders to maximize their rewards based on their spending habits.

The Custom Cash Card also has no annual fee and offers a bonus reward, which is a great incentive for new customers. However, it’s important to note the foreign transaction fee and keep it in mind if you plan to use the card outside of the US.

Overall, the Citibank Custom Cash Card is a great choice for those who want to earn cashback rewards without paying any fees. The Citibank Custom Cash Card is an excellent option for individuals who enjoy earning rewards on their everyday purchases.

It offers numerous benefits and perks that make this credit card an attractive choice for all types of cardholders.

Generous Welcome Offer

New cardholders to the Citibank Custom Cash Card are treated to a lucrative bonus that rewards them for the purchases they make in the first six months. Cardholders can earn a $200 cashback bonus after spending $1,500 within the first six months of opening an account.

This welcome bonus is an excellent way to get a head start on earning cashback rewards with this card.

Flexible Earning

The Citibank Custom Cash Card offers flexible earning opportunities, allowing cardholders to maximize their rewards based on their spending habits. Cardholders can select two eligible bonus categories to earn 5% cashback rewards on every billing cycle.

The bonus categories include restaurants, gas stations, grocery stores, travel, transit, streaming services, home improvement, fitness clubs, and live entertainment. These bonus categories are common expenses for many individuals, making it easy for cardholders to earn rewards on their everyday purchases.

Bonus Categories

The Citibank Custom Cash Card offers a wide range of bonus categories, allowing cardholders to earn extra rewards on their purchases. Restaurants, gas stations, and grocery stores are some of the most popular bonus categories.

Cardholders can earn 5% cashback rewards on dining out, ordering food delivery, and buying groceries, which makes this card an excellent choice for foodies. Travel, transit, and home improvement are also bonus categories, making the Citibank Custom Cash Card an excellent choice for individuals who own a home or who commute regularly.

The card also offers 5% cashback rewards on streaming services and live entertainment, which is perfect for movie buffs, sports fans, and concertgoers.

Low Annual Cost

One of the most significant advantages of the Citibank Custom Cash Card is that it has no annual fee, making it an affordable option for anyone who wants to earn cashback rewards. Many credit cards charge an annual fee, which can add up over time.

The lack of an annual fee is a standout advantage of this card.

ThankYou Points

The Citibank Custom Cash Card is categorized as a cashback card, but it also offers

ThankYou Points that can be redeemed for a variety of travel-related items, such as flights, hotels, and car rentals. The

ThankYou Points can also be used for merchandise, gift cards, or as cash back.

Cardholders can accumulate

ThankYou Points that can be combined with points from other Citibank credit cards.

Combine Points

The Citibank Custom Cash Card allows cardholders to combine their points with other Citibank credit cards, making it possible to earn and redeem more rewards. The points can be pooled together and redeemed for merchandise, travel expenses, or used to receive statement credits.

Intro APR

One of the most helpful features of the Citibank Custom Cash Card is the introductory APR on balance transfers and big purchases. The card offers 0% APR for the first 15 months, giving cardholders the opportunity to pay off their debt without incurring additional interest charges.

This feature can be especially useful for cardholders trying to consolidate their debt and repay it over time.

Drawbacks to the Card

While the Citibank Custom Cash Card has numerous benefits, there are also some drawbacks that cardholders should consider before applying for this card.

No Transfer Partners

Unlike some other rewards cards, the Citibank Custom Cash Card does not have any transfer partners, meaning cardholders can only redeem their rewards with Citibank. This can limit the options available for earning rewards, particularly for those who love to travel.

Bonus Limit

Cardholders are limited to the amount of cashback rewards they can earn in the bonus categories. There is a cap on how much cardholders can spend in each bonus category per billing cycle.

This spending cap means that cardholders may not be able to earn the maximum amount of rewards in each category.

Foreign Transaction Fee

The Citibank Custom Cash Card charges a 3% foreign transaction fee on all international transactions, making it costly for individuals who frequently travel outside of the US or make purchases from international retailers. For individuals who travel abroad frequently, it’s recommended to look for credit cards that don’t have a foreign transaction fee.

Conclusion

Overall, the Citibank Custom Cash Card is an excellent choice for individuals seeking a cashback rewards card with no annual fee and a generous welcome offer. The card’s numerous bonus categories, flexible earning, and

ThankYou Points make it an attractive choice for individuals’ everyday purchases.

While the card has some limitations, such as the spending cap and foreign transaction fee, the Citibank Custom Cash Card remains a popular choice for anyone seeking an easy-to-use and rewarding credit card option. Earning and Redeeming Citi

ThankYou Points with the Citibank Custom Cash Card is an excellent way to get the most out of your cashback rewards.

Let’s dive into how you can earn Citi

ThankYou Points and what you can do with them.

Potential Earnings in Year One and Two

According to the FinanceBuzz Credit Card Rewards Valuation Model, the estimated value of the rewards that you can earn using the Citibank Custom Cash Card for the first year is around $417. This estimation is based on a point valuation of 1 cent per ThankYou Point, taking into account the spending habits and bonus categories commonly used by cardholders.

In the second year of owning the card, the estimated value increases to $528, which is a significant amount of cashback rewards when compared to other cashback credit cards.

Best Ways to Earn

The Citibank Custom Cash Card’s bonus categories offer cardholders the opportunity to earn 5% cash back on select spending categories. The best way to earn rewards is to select bonus categories that match your spending habits.

For example, if you frequently dine out, you can select the restaurants category to earn 5% cash back on all your dining purchases. Another great way to earn rewards is to use the Citibank Custom Cash Card for grocery store purchases.

As one of the bonus categories, cardholders can earn 5% cash back rewards when shopping at grocery stores, making it easy to earn rewards on everyday essentials.

Maximizing Your Redemptions

One of the most significant advantages of the Citibank Custom Cash Card is the variety of redemption options available to cardholders. Cardholders can redeem their

ThankYou Points for cashback, travel expenses, gift cards, Amazon purchases, and charitable donations.

The best way to maximize your redemptions is to use the Citi ThankYou portal, which allows you to redeem your points for travel expenses or transfer your points to travel partners. Cardholders can also use points to purchase gift cards or make charitable donations.

Finally, cardholders can also link their Amazon account to their Citibank Custom Cash Card and use their

ThankYou Points to make purchases on Amazon.com.

Citi Custom Cash Card FAQs

Card Overview

The Citibank Custom Cash Card is a Mastercard credit card that offers cashback rewards to cardholders. It operates on the Mastercard network, making it globally accepted.

The card’s flexible earning structure and 5% earning rate on select bonus categories make it a popular choice for those looking to earn rewards on their everyday purchases.

Comparison with

Citi Double Cash Card

While the Citibank Custom Cash Card and the

Citi Double Cash Card are both cashback credit cards, they differ in their earning potential. The Citibank Custom Cash Card only allows cardholders to earn cashback rewards in select bonus categories.

In contrast, the

Citi Double Cash Card offers 2% cashback rewards on all purchases, with no spending categories or limitations. Choosing between the two cards ultimately comes down to your lifestyle and spending habits, with the Citibank Custom Cash Card being the best choice for individuals who spend more in the bonus categories.

Credit Limit

The credit limit for the Citibank Custom Cash Card varies based on the qualification of the individual. The minimum credit limit available to new cardholders is typically between $500 and $1,000, with higher credit limits available to individuals with excellent credit scores and a strong financial history.

Cardholders can increase their credit limit over time by making timely payments and maintaining a good credit score.

Conclusion

The Citibank Custom Cash Card is an excellent choice for anyone seeking a cashback rewards credit card, offering flexible earning options and a wide range of redemption opportunities. By selecting the right bonus categories and choosing the best redemption options, cardholders can maximize their rewards and earn significant cashback rewards over time.

When considering a cashback rewards credit card, the Citibank Custom Cash Card is an excellent choice. However, it’s always essential to compare and contrast different options before making a final decision.

Here we discuss two cards that complement the Citibank Custom Cash Card, offering additional benefits and perks.

Citi Double Cash Card

The

Citi Double Cash Card is an excellent complement to the Citibank Custom Cash Card due to its bonus rewards structure. The card offers unlimited 1% cashback rewards on all purchases, plus an additional 1% cashback rewards when you pay your bill.

This makes it a great option for cardholders who want to earn rewards on all their purchases, even if they don’t fall into the bonus categories covered by the Custom Cash Card. The

Citi Double Cash Card offers a 0% intro APR on balance transfers for transfers made within the first four months of opening an account.

The regular APR applies after that period. In contrast, the Citibank Custom Cash Card offers 0% intro APR on balance transfers and purchases for the first fifteen months, making it a better option for individuals looking to consolidate their debt or make significant purchases that they need time to pay off.

Like the Citibank Custom Cash Card, the

Citi Double Cash Card has no annual fee, making it an affordable choice for cardholders seeking to earn cashback rewards without paying any fees.

Chase Freedom Flex Card

The

Chase Freedom Flex Card is another cashback rewards card that’s worth considering due to its excellent bonus categories, which include travel, restaurants, and drugstores. The card offers 5% cashback rewards on rotating quarterly categories, with activation required to earn the bonus.

Additionally, the

Chase Freedom Flex Card offers 3% cashback rewards on dining and drugstores, making it a great

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