Citi Clear Credit Card: Earn Triple Reward Points

The Citi Clear Credit Card can help you finance debt, or simply make an extremely expensive purchase. However, this will not always be your best option. With an Annual Percentage Rate (APR) of 0%, the card allows no-fee cash advances, which is one of its main advantages. This can make this a good option for debt consolidation. Despite this, the card does not offer rewards.

Also, the cost of transferring the balance to the credit card will eat more into the interest savings. It, on the other hand, would be a good choice for absentee consumers. Thus, there are no late fees or punitive APRs if customers fail to make payments.

Why Choose the Citi Clear Credit Card

These credit cards have a long-term APR rate of 0%. Thus, this same credit card provides a 0% intro APR for 21 months on cash advances and 12 months on ordinary transactions, followed by an adjustable APR of 14.74% to 24.74%. Although consumers can find credit cards with a relatively long 0% introductory APR offered by other banking institutions, this is a deal to consider.

There will still be no late fees or sudden increases. So with the Citi Clear Credit Card, your users will not have to worry about service charges or interest rate increases due to late payment of their bills. Even so, everyone should make an effort to pay their debts on time. Most banks are not as understanding as this, and if users pay their bills late, their credit score will go down. On the other hand, it is relatively common for credit card users to get in the way of their deadlines and thus, pay their bills late. If this happens, this credit card can save someone’s life.

Citi Clear Card: Negative points

The credit card does not offer any kind of incentive or reward for applying: The advantage of this card comes from the 0% APR introductory term and its understanding policy. If you are hoping for some kind of bonus or incentive, this is not the best credit card option for you. On the Citi Clear Credit Card, the long value is restricted. So when the 0% APR intro period ends, there are no reasons for this credit card to be kept: your APR remains normal, and no benefits are offered in return.

Furthermore, using the Citi Clear Credit Card can drain your financial reserves. Despite introducing a long promotional period of 0% APR on financial advances, the card also offers costs in return: When an amount is deposited, a 5% fee is charged to its users, with a minimum amount of $5.00. So should a user transfer the amount of $5,000, the fee required will be $250. This means that this credit card is significantly more expensive than its competing models. Should users transfer the same amount to a Citi Double Cash Card within 18 months of purchasing the card, the fee will be 3%, equivalent to $150.00.

Citi Clear Card: Other Options

Despite the advantages, there are other alternatives similar to the Citi Clear Credit Card. The Discover it® Balance Transfer, for example, features a longer initial APR period. The card offers 0% for 24 weeks on ordinary transactions, and on financial deferrals for 18 months, followed by an ongoing APR ranging from 11.99% to 22.99%. In contrast, the cards retain their value even after the end of the initial APR period. In addition, on recurring purchases, users enjoy a 5% cashback, capped at $1,500 for each quarter (benefit activation required), with a 1% cashback.

The Wells Fargo ReflectSM Credit Card imposes a 3% fee, with a $5 minimum for everyday transactions. Eligible customers receive a relatively long APR promotional period: 0% APR on any eligible transactions and financial advances for 18 months from the day of account activation, followed by an ongoing APR ranging from 12.99% to 24.99%. For monthly payments during the introductory and extended terms, customers can purchase a 3-month extension of the promotional APR period.

Is the Citi Clear Credit Card the best option for you?

The Citi Clear Credit Card is a great alternative for clients who need a longer period to pay their debts or who have difficulty remembering the due date of their bills. This enables its users to save money when paying their bills and penalties. However, as with other balance transfer cards, customers will need to consider the total cost to users of this credit card, including the 5% fee required on the balance transfer.

Advantages and disadvantages

Advantages

One of the main positive points of this credit card is its absence of annual fees. Thus, Citi Clear users do not have to incur maintenance fees from the moment this credit card is issued. In addition, it also has an introductory period. This way, when a customer gets this credit card, huge benefits will be offered.

Disadvantages

In contrast, the Citi Clear Credit Card does not really offer any rewards beyond the introductory period of the card. Thus, if you are looking for a rewards card, this is not an alternative to consider. If you are looking for cardholder offers, then another option should be considered: this alternative has no cardholder offers. Finally, to obtain the Citi Clear Credit Card, the customer must have a high credit score.

Conclusion

In this article we have covered all the essential information about the Citi Clear Credit Card. Don’t rush into applying for a credit card, consider all the available options. To do so, read more about credit cards and other information on our website.