The Citi Double Cash Card APR is 13.99% - 23.99% (V). Citi Double Cash Card also has an introductory rate of 0% for 18 months, but only on balance transfers. It takes effect as soon as the account opens. Once it expires, the regular APR will apply to any remaining transferred balances.
Here is what you need to know about the Citi Double Cash Card APR:
Regular APR: 13.99% - 23.99% (V), based on each approved applicant’s income, debt, credit score and other factors. No introductory rate for purchases, which means interest is paid at the regular APR, unless statement balances are paid in full by each due date.
Introductory balance transfer APR: 0% for 18 months. Each balance transfer is subject to a 3% (min $5) balance transfer fee. Once the introductory balance transfer period is over, your remaining balance will accrue interest at the regular APR.
Cash advance APR: 25.24% (V). Cash advances are also subject to a 5% (min $10) cash advance fee. There is no grace period for cash advances, so interest starts to accumulate as soon as you complete the transaction.
Penalty APR: Up to 29.99%. The penalty APR may be applied to your account when making a late payment or making a payment that is returned.
You can avoid Citi Double Cash Card APRs altogether by staying away from cash advances and paying the entire balance in full, and on time, every month.
The Citibank credit card interest rate is 13.49% (V) to 24.99% (V), depending on an applicant’s creditworthiness and the card they’re applying for. Some Citibank cards may also offer new cardholders introductory 0% interest rates on purchases or balance transfers for a set number of months. After a card’s intro rate expires, the regular interest rate applies to any remaining balance.… read full answer
The regular rates on Citibank credit cards are variable, meaning they can change based on certain economic conditions. Citibank credit cards also come with a separate interest rate for cash advances and a penalty rate for delinquent payments.
You can request a Citibank credit card limit increase online, through the Citi Mobile App, or by phone, at (800) 950-5114. Citi may also offer an automatic credit limit increase if its regular reviews of the account show a history of on-time payments and low debt. Periodic reviews typically start after the account has been open for about six months. To make a decision about a credit limit increase, Citi will also review your current income as well as your credit history.… read full answer
Some Citibank credit card limit increase requests may involve Citi doing a hard pull of your credit report, at least as of February 2019. A hard pull may cause a short-term dip in your credit score. Citi will almost always use a harmless soft pull initially, but will do a hard pull if you ask them for a higher increase than they first offer you. And when Citi offers an automatic credit limit increase, they will always use a soft pull. Citi cannot do a hard pull without your permission.
How to get a Citibank credit card limit increase online:
Select “Request a Credit Limit Increase” under the Card Management menu.
Choose the Citibank account for which you’re requesting the increase (if you have more than one).
Enter your total annual income and monthly mortgage/rent payment. Click “Continue.”
Confirm the information entered and click “Continue” to submit the request.
Review the decision you will receive after a few seconds. If you’re approved for an increase, the new credit limit is effective immediately.
A Citibank credit card limit increase can boost your credit standing if you use the extra purchasing power responsibly. The added credit can lower your utilization, assuming your spending does not increase, and that in turn can raise your credit score. If you’re planning on making a major purchase soon, an increase will also reduce the risk of maxing out the card’s credit limit.
To raise your chances of being approved for an increase, always pay your bill on time and pay more than the minimum due. And if your income increases, make sure to update that information on your online account, as Citi will see that you can afford higher limits.
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