Citibank - Credit Card vs. Debit Card Comparison

Citibank - Credit Card vs. Debit Card Comparison

Established in 1812, in New York, Citibank is one of the leading international banks which focuses on providing a variety of financial services to customers which includes banking transactions, insurance, credit card and investment products. Presently, Citibank the consumer and corporate banking arm of the largest and the most popular financial services firm Citigroup. Citibank offers different kinds of credit cards

Citibank has launched a new card, the Citibank Cash Back Card by which a specific percentage of every transaction made by the customer is credited to his/her card account every month. This includes cash back even on regular expenses such as medical and education expenses, cash withdrawal from international ATMs payment of mobile bills, utility bills, domestic cash withdrawal from ATMs or international purchases and so on. Even if the customer gets higher cash back on such transactions, he would have limited gains.

Citibank credit cards provide an extensive array of benefits. The Diners club international credit card helps the customer to take decision regarding their own credit limit. The interest rates would not be included in the bill for fifty days. This Citibank credit card could be used anywhere around the world and does not incur any extra fee when it's lost.

The Citibank Gold Card offers customers a higher credit and cash limit as well as access to international lounges and airports. The other major advantages of the card are secured insurance. no fee when the credit card is stolen, lost or damaged. The Citibank Silver Card offers several exclusive benefits to customers such as different kinds of insurances like personal accidents, baggage and household insurances as well as occasional discounts on certain stores and zero costing on lost credit cards.

The Citi mtvU Platinum Select Visa Card for College Students, issued by Citibank, is a credit card created mainly for students and has a unique reward program by which cardholders earn one point on general purchases and five points for every dollar spent at restaurants, bookstores, record stores, movie theaters, and video rentals. The program also rewards 25 points when payments are made duly and spending does not exceed the specified credit limit. On the basis of the student's GPA, points between 250 and 2,000 points would be awarded twice per year. These points would be redeemed for gift cards, CDs, a VIP mtvU Spring Break Pass, tickets to the MTV Video Music Awards, and airline tickets. Besides, there is a 75,000 yearly limit to the number of points that can be earned, and points expire in a term of five years. The card offers no annual fee, however, the interest rate for purchases and balance transfers is above average for a student card. There is a 0% introductory rate which is applicable to all transactions for the first six months and a minimum cap of 19.99% for cash advances.

Nayanathara. S.

Hi-Tech Editorial Division