Citibank is a foreign-funded bank, and Citibank’s credit cards are relatively well-known. So, is Citibank’s credit card good and worth applying for? Next, let’s talk about the advantages and disadvantages of Citi credit cards.
Advantages of Citi Credit Card:
1. The application threshold is not high and the credit limit is not low. The initial limit of the Citi Credit Card is relatively strong. To apply online, you only need to fill in the information online.
2. Points have advantages. Citi's credit card types are small but sophisticated. Currently, there are only two types of credit cards: Citi Rewards Card and Citi Rewards Card. The gift card earns 5 times the points throughout the year. The gift card can quickly accumulate airline miles. Every 12 yuan spent will accumulate 1 Citi gift mile, and every 1 US dollar spent will accumulate 1 Citi gift mile. Citi credit card points are valid for life and can be flexibly transferred. Points can be directly used to deduct consumption fees or annual fees from multiple merchants, and can be redeemed for more than 80 airline miles around the world.
3. There are many discounts. Apply for a Citi Gift Card, and if the new account accumulates more than 6 qualifying purchases of any amount within 30 days after the card is approved, and the amount reaches 3,800 yuan, you can get a Samsonite backpack worth 680 yuan. If you accumulate more than 6 qualifying purchases of any amount and the accumulated qualifying purchase amount reaches 38,000 yuan, you will get a Samsonite trolley case worth 2,880 yuan.
Citi card swipe discounts are basically from high-end merchants, including catering, travel, hotels, online shopping, etc.
The disadvantage of Citibank's credit card is that it has few business outlets in China. Currently, it only has outlets and services in a few large cities. Therefore, the coverage of credit card business is narrow and cannot be processed in small places. Citibank has relatively few repayment channels and online payment channels, but some basic repayment methods and online payment channels are still supported.