The Citi Double Cash Card APR is 18.24% - 28.24% (V), based on creditworthiness. Citi Double Cash Card also has an introductory rate of 0% for 18 months on balance transfers. It takes effect as soon as the account opens. Once the intro rate 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: 18.24% - 28.24% (V), based on each approved applicant’s income, debt, and credit score, among other factors. The card’s interest rate is variable, meaning it can change based oncertain economic conditions.
Introductory APR: This card offers a balance transfer intro APR of 0% for 18 months. Each balance transfer is subject to a balance transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. Once the introductory balance transfer period is over, your remaining balance will accrue interest at the regular APR.
There is no introductory rate for purchases. This means interest is paid at the regular APR, unless statement balances are paid in full by each due date.
Cash advance APR: The cash advance interest rate is 29.49% (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: The penalty APR is up to 29.99%. This APR may be applied to your account when making a late payment or for returned payments.
You can avoid Citi Double Cash Card APRs altogether by staying away from cash advances and by always paying the entire balance in full and on time.
The Citibank credit card interest rate could be anywhere from 17.24% (V) to 28.99% (V). The interest rate that you will get depends on both your creditworthiness and which credit card you apply for. All Citibank credit card APRs are variable, meaning they can change over time.
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
Keep in mind that there is also an APR for cash advances of 29.49% (V) for all Citibank credit cards.
If you want to increase the chances of getting a low Citibank credit card interest rate, you should make sure your credit is as good as possible before applying. Doing anything you can to bump up your income can also make a difference. But if you pay your credit card bill in full every month, you won’t ever have to worry about the interest rate.
The credit score you need for the Citi Double Cash Card is 700+. This means you need at least good credit to get approved for this card. Simply having a 700 credit score does not guarantee approval, however. There are other factors in play, including how your income compares to your debt obligations, and your overall ability to make credit card payments.… read full answer
Finally, if you don’t think you have the kind of credit score needed for Citi Double Cash Card approval, that doesn’t mean you’re out of options. You can check out the rest of WalletHub’s picks for the best rewards credit cards to find an offer that suits your standing. Keeping your account in good standing by paying your bills on time and in full will help you improve your credit score and gain access to better credit card deals.
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
When requesting a credit limit increase, Citibank will consider several factors that determine whether a soft pull or a hard pull will be used. But you can rest assured that Citibank will always notify you before doing a hard pull on your credit report. In case the request will result in a hard pull, it may cause a short-term dip in your credit score. When Citi offers an automatic credit limit increase; they will always use a soft pull.
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.
You should receive the decision within a few seconds of submitting the request. 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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