Yes, the Citi Custom Cash Card has a grace period of at least 23 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their Citi Custom Cash statement balance in full every month, Citibank will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining Citi Custom Cash balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.
It’s also important to note that grace periods do not apply to cash advances or balance transfers.
The Citibank credit cardgrace period is at least 23 days from the close of each billing cycle until the payment due date. Citi will not charge interest on balances paid in full by the due date when the grace period is in effect. The due date is included on the monthly statement, along with the minimum payment due.… read full answer
If you don’t pay off the entire balance by the due date for any billing period, the remaining balance will begin accruing interest. The interest compounds daily, which means you’ll be charged interest each day on both the principal balance and any interest assessed on previous days.
You will also lose the grace period if you don’t pay the bill in full by the due date one month. As a result, you will start to owe interest on new purchases from the day you make them. You will have to pay in full for two consecutive billing periods to regain the grace period.
The Citibank credit card grace period applies only to purchases. Cash advances and balance transfers are not covered by a grace period.
The main Citi Custom Cash requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and at least good credit.
Proof of enough income to make the monthly minimum payment
Social Security number or ITIN
Good credit or better
If you apply for the Citi Custom Cash card, it’s important that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.
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