Chip Lupo, Credit Card Writer
The Citi Rewards+® Card interest rate is 18.24% - 28.24% (V), with the actual rate depending on factors such as your income, credit history and existing debt. The Citi Rewards+ Card also offers new cardholders an introductory interest rate of 0% for 15 months on purchases and 0% for 15 months for balance transfers. After the card’s intro rate expires, the regular interest rate applies to any remaining balance. The regular Citi Rewards+ Card interest rate is variable, meaning it can change based on certain economic conditions.
The Citi Rewards+ Card 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 Rewards+ 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 Rewards+ Card also charges a separate 29.99% (V) interest rate on cash advances and a penalty rate for late payments. All Citi Rewards+ Card interest rates will be listed on your statement and on your online account summary.
Citi Rewards+® Card
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