The Citi Custom Cash Card balance transfer fee is 5% (min $5). The balance transfer fee on the Citi Custom Cash Card is assessed when an eligible debt is moved to the card, and the fee amount will be automatically added to the balance.
This credit card is great for balance transfers, as it offers an introductory APR of 0% for 15 months, which can help cardholders save money on interest. For reference, the average balance transfer card offers low interest for 13 months and charges a transfer fee of 2.44%. But keep in mind that a regular APR of 14.74% - 24.74% (V) will apply to the balance after the intro period ends.
To do a balance transfer with the Citi Custom Cash card, new applicants can just complete the balance transfer portion of the Citi Custom Cash application. Existing cardholders can request a balance transfer online or by calling customer service at (800) 950-5114.
Citi Custom Cash balance transfers usually take 14 days to process. In the meantime, continue to make payments on your original debt to avoid any late fees and possible damage to your credit score.… read full answer
How to Do a Balance Transfer with Citi Custom Cash (New Applicants)
Open the Citi Custom Cash application.
Enter the account number for your existing balance.
Enter the amount you want to transfer.
Include standard application info such as your name, Social Security number, and annual income.
Submit the application.
How to Do a Balance Transfer with Citi Custom Cash (Existing Cardholders)
Log in to your Citi Custom Cash account.
Select “View Offer” next to “You’re eligible for a balance transfer.”
Click “I want this offer," then "Start your transfer.”
Enter the account number(s) and the amount(s) you’d like to transfer.
Verify your information is correct and submit the application.
Key Things to Know About a Citi Custom Cash Balance Transfer
The Citi Custom Cash card only accepts balance transfers from other credit cards. The Citi Custom Cash card does not allow balance transfers from other Citibank credit accounts.
If you’re transferring a balance to a credit card with an introductory APR on balance transfers, try to pay off the balance before the introductory rate expires. Any balance remaining after that will accumulate interest daily at the card’s regular APR. Using a balance transfer calculator can be a big help.
Finally, there is a 5% (min $5) fee on Citi Custom Cash balance transfers. Make sure to take this into account, too.
Yes, Citibank does charge a balance transfer fee on some of its credit cards. The Citibank balance transfer fee can be as high as 5% (min $5), though the fee may not be the same for all Citibank credit cards. The lowest balance transfer fee with Citibank is 3% (min $5).… read full answer
Balance Transfer Fees on Popular Citibank Credit Cards
The Citi Custom Cash℠ Card interest rate is 14.74% - 24.74% (V), with the actual rate depending on factors such as your income, credit history and existing debt. The Citi Custom Cash card also offers new cardholders an introductory interest rate of 0% for 15 months on purchases and 0% for 15 months for balance transfers. After the card’s intro rate expires, the regular interest rate applies to any remaining balance. The regular Citi Custom Cash card interest rate is variable, meaning it can change based on certain economic conditions.… read full answer
The Citi Custom Cash gives you a 23-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Citi Custom Cash card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
In addition to the regular interest rate, Citi Custom Cash also charges a separate 25.99% (V) interest rate on cash advances and a penalty rate for late payments. All Citi Custom Cash card interest rates will be listed on your statement and on your online account summary.
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