The Citi Premier® Card interest rate is 20.24% - 28.24% (V), with the actual rate depending on factors such as your income, credit history and existing debt. This Citi Premier card interest rate is variable, meaning it can change based on certain economic conditions.
Citi Premier 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 Premier 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 Premier also charges a separate 29.49% (V) interest rate on cash advances and a penalty rate for late payments. All Citi Premier card interest rates will be listed on your statement and on your online account summary.
The easiest Citi card to get is the Citi® Secured Mastercard® because it is the only one that will accept applicants with limited credit (less than 3 years of credit history). This card requires a $200 refundable security deposit but has a $0 annual fee. It also helps build credit history with monthly reporting to all three major credit bureaus… read full answer (TransUnion, Equifax and Experian).
More info regarding Citi credit cards score requirement
However, there are a number of store cards that also make it among the easiest Citi cards to get. Citi store cards require at least fair credit (a credit score of 640+) for approval. But purchases are limited to the affiliated merchant or its website. The Best Buy® Store Card and the Shell Gas Card, for instance, are among the many store cards that also have a full-fledged co-branded version on either the Visa or Shell Credit Card network, which can be used anywhere the network is accepted. Those cards aren’t as easy to get as the store versions, as they require at least good credit.
To get the Shell Gas Card, you need fair credit or better (a credit score of 640+). It has a $0 annual fee. Offers savings: 30¢ per gallon (up to 35 gallons) on your first 5 Shell fuel purchases made by 6/30/2023, after that 10¢ per gallon (up to 20 gallons) every time you fill up, 10% Shell rebates on your first $1,200 Shell non-fuel purchases (per year).
The Sears Store Card requires fair credit or better (a credit score of 640+). It has a $0 annual fee.
The easiest Citi cards to get come with limitations. They offer low minimum credit limits, high interest rates and few rewards and benefits. And with the Citi store cards, beware of deferred interest promotions. Deferred interest means that there’s 0% interest as long as the balance gets paid in full by the end of the promotion. If it’s not paid in full, Citibank charges interest on the original purchase amount from the date of purchase, at the card’s regular APR.
The Citi Premier credit score requirement is 700 or higher, which means applicants need at least good credit for a decent shot at approval. If you’d like to know where you stand, you can check your credit score for free, right here on WalletHub.
The average American will likely find it difficult to meet the Citi Premier credit score requirement, as many people have lower credit scores. But an applicant’s score is only one factor in the approval process. Citi will also consider other things like the person’s income, existing debt load, recent credit inquiries, number of open accounts and more.… read full answer
The Citi Premier’s credit score requirement is in line with the requirements for most other Citi credit cards, though there are a few that are easier to get, such as the Best Buy Store Card.
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