What is the Citi Premier interest rate? This question is about the Citi Premier® Card

What is the Citi Premier interest rate?

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This question is about the Citi Premier® Card

Maria Adams, Credit Cards Moderator

@m_adams • 12/15/21 This answer was first published on 12/15/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Citi Premier® Card interest rate is 20.99% - 28.99% (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 29.99% (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.

Answer Question

What's the easiest Citi card to get?

The easiest Citi card to get is the Citi® Secured Mastercard®. This is the only Citi card 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 you build credit history with monthly reporting to all three major credit bureaus (TransUnion, Equifax, and Experian).

Other things to know about the Citi credit cards:

Aside from the Citi Secured, nearly all other Citi credit cards require good credit or...

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What credit score do you need for the Citi Premier Card?

The credit score that you need for the Citi Premier® Card is 700, at a minimum. This 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.

Other Citi Premier Approval Requirements

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...

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How much is the Citibank annual fee?

The Citibank annual fee is $0 to $450, depending on the card offer. For example, the Citi® Double Cash Card – 18 month BT offer has a $0 annual fee, while the Citi® / AAdvantage® Executive World Elite Mastercard® has a $450 annual fee. For comparison, the average credit card annual fee on the market is $21.65 right now.

Citibank Annual Fees

Citi® Double Cash Card – 18 month BT offer: $0
Citi® Diamond Preferred® Card: $0
Citi® Secured Mastercard®: $0
Citi Rewards+® Card: $0
Costco Anywhere Visa® Card by Citi: $0
Office Depot Credit Card: $0

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