Are Citibank credit cards good?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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FutureBillionaire
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Are Citibank credit cards good?

Postby FutureBillionaire » Sun Oct 16, 2011 3:04 pm

Citibank mails me 4 or 5 credit card offers a week. Which is their best? Are they a good company to work with? What credit bureau do they pull reports from?
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape


CC Deville
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Postby CC Deville » Sun Oct 16, 2011 3:26 pm

Citibank has made news recently because they have been sending out more credit card offers than there are adults in the US. As far as what their "best" is it would depend on what you are looking for. Simplicity and Platinum Select offer 0% balance transfers for 21 months, so if you are looking for a long term balance transfer those are the best. They offer Dividend which gives 1% cash back on all purchases plus 5% bonus on items that change quarterly (such as gas, groceries, home improvement); the Forward card gives cash back on dining out and online at Amazon.com; the Thank You cards offer points towards different items or gift cards and the AAdvantage cards are for American Airline miles (different levels means different annual fees and bonus sign up offers). They also have the Hilton Honors Visa that earns points towards free hotel rooms although most agree that Amex's Hilton Honors is slightly better.

In terms of their ultimate "best" offer period it is their AAdvantage Executive World Elite MasterCard that carries a $495 annual fee and by the end of their year it should be offered with the EMV "Chip and PIN" feature that makes using cards in Europe a breeze.

I have three Citibank cards (one, my AT&T Universal, was issued by another bank that Citibank purchased) and I have been fairly happy with them. In my experience they go above and beyond to make a good cardholder happy such as giving CLI's, APR reductions and product changes. I recently received an email from them saying that they "were listening to customers comments and wishes" and they have guaranteed US customer service representatives when calling them amongst other things. The only issue I have had with them was last year when they decreased the credit line on my Dividend card by $2700 after a review of the account in which they "noticed" I was not utilizing my full credit line. At that point the account was 10 years old, I had a 790 FICO score and about 2% utilization and I always paid the account in full each month; no new accounts or inquiries.

I feel that because I started shopping at Wal-Mart they profiled me and reduced the credit line (but still left me with $9,000). Then, 4 months later they increased the limit on my AT&T card-which I might add I NEVER use and therefore NEVER use my full credit line. These banks must think we are morons! Other than that, I have only good things to say about them. Your Mileage May Vary (YMMV) of course.

My Citibank accounts were all opened using an Experian inquiry. Most banks use Experian as a general rule as it is widely regarded as being the most up-to-date.

FutureBillionaire
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Postby FutureBillionaire » Mon Oct 17, 2011 6:44 pm

Thanks alot for the detailed response. I will consider the Citi Forward and Dividend cards. I haven't received an invite for the Forward card, but i get it all the time for the Dividend.

I'm concerned that they reduced your credit limit. I pay all my current balance amounts for all 9 of my cards every month. I just want one more great cash back card for everyday spending and restaurants. Discover only gives me great cash back a few months out of the year since I don't always shop in their 5% categories.

I also want to say I am jealous of the 790 credit score. I think I will get there when I pay my car off. My goal is to hit 800.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

CC Deville
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Postby CC Deville » Mon Oct 17, 2011 8:19 pm

Don't let it concerne you....the banks were acting very strange between 2008-2010-people with excellent credit like me were having credit lines slashed, accounts closed or APR's increased. It is likley that they made the decision in late 2009 and I received the notice in February 2010. I honestly believe that they profiled me or it was just some random thing they did. I chalked it up to the economy and realized that it isn't personal, it is just business.
I should also mention that for my account at least, they send me extra bonus offers for 20% bonus cash back for a quarter. They have done this about three times now in the last two years. YMMV.

FutureBillionaire
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Postby FutureBillionaire » Fri Nov 04, 2011 8:15 pm

Thanks again for the good info. I'm going to look at this bank next year. I'm probably going to get rid of my American Express Gold Card before the annual fee kicks in and I will want a card to replace it. I am targeting the cards mentioned aboved and the American Express Blue Cash.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

lexareece
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Postby lexareece » Wed Nov 16, 2011 7:31 pm

I use my Citi Hilton Honors Visa pretty regularly. There customer service has been great, and the rewards are fair. Previously it was a Drivers Edge card before they killed that program, they wanted to give me a Thank You Card, but I had never heard of it at the time and went with the HHHonors Card, I know the Hilton Amex gives better rewards, but I already have 2 Cards with Amex(PR-Gold and Starwood) so I didn't really desire to push my luck with them as I hope to upgrade to Platinum in a year or so. But all in all I would recommend Citi Bank from my experiences in the last 5 or so years with them.
In my Wallet-
[size=60]Bank of America-Platinum Privledges Cash Rewards Visa Signature 12K
American Express- , Starwood Preferred Guest 6K, Hilton Honors 6K, Amex Everyday 10K, Business Gold Rewards
Chase- Freedom Visa Signature-6K, United Millage Plus Explorer Platinum Visa-5K
Barclays- US Airways Dividend Miles Business Master Card 24K[/size]

[size=60]In a Drawer
Bank Of America- Platinum Plus Rewards- 22K, Royal Caribbean Visa Signature 8K
Discover- More Card 8K
Citi- Thank You Mastercard Card 6K, Hilton Honors Visa Signature-10K, American Airlines World Master Card 6.5K
Credit Union Card- 20K- 6.9%APR NO Fees Period(for when I get in trouble[/size]

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jumbo
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Postby jumbo » Fri Nov 18, 2011 12:56 am

just got a citi platinum select with 0% apr for 21 months... used it to pay my college tuition.. its working good for me
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card

Meltdownblitz
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Postby Meltdownblitz » Tue Nov 22, 2011 11:53 pm

I'm loving my citi credit card. I have the dividend for students, it gives me 5% cash back on a bunch of good categories then I will be picking up a citi forward to take advantage of the 5% at restaurants.

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Postby requiredfield » Wed Nov 23, 2011 1:23 am

Just to clear up a common misconception, the Forward card gives 5pts per dollar. Meaning the percent can vary depending what you get for your points. The reward conversion for cash is 8000pts for $50. Making it 3.125%.

Yes, I like Citi. I like everyone I have a card with (even BoA), which is why I no longer have a HSBC or Capital One.

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Postby Money card » Wed Nov 23, 2011 8:47 pm

FutureBillionaire wrote:Thanks again for the good info. I'm going to look at this bank next year. I'm probably going to get rid of my American Express Gold Card before the annual fee kicks in and I will want a card to replace it. I am targeting the cards mentioned aboved and the American Express Blue Cash.


Future Billionaire so do you travel on business? I'm sorry to hear about your American express gold card. have you had any thoughts of getting a green or zync card? If you don't travel on business or you absolutely made up your mind and you want to get a blue cash card?



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