How do I avoid Citibank fees?

Question

The Citibank foreign transaction fee is 0% or 3% of transactions processed internationally, depending on the card.

Best Citi Credit Cards with no foreign transaction fees

High Initial Bonus: Citi Premier® CardCiti Premier® CardLearn MoreLearn Moreon issuer's website
Travel & Dining: Costco Anywhere Visa® Card by CitiCostco Anywhere Visa® Card by CitiLearn MoreLearn Moreon issuer's website
Travel Rewards: Citi® / AAdvantage® Platinum Select® World Elite Mastercard®Citi® / AAdvantage® Platinum Select® World Elite Mastercard®Learn MoreLearn More
For Business: Costco Anywhere Visa® Business Card by CitiCostco Anywhere Visa® Business Card by CitiLearn MoreLearn Moreon issuer's website

Foreign transaction fees are an unnecessary burden, whether you’re traveling or just shopping online from an international merchant. So, it’s good to know there are several ... read full answer Citi credit cards with no foreign transaction fee. And many pack attractive rewards.

Citi Premier, for instance, has a 0% foreign fee and offers 60,000 points for spending $4,000 in the first 3 months. The card also offers 3 points per $1 spent at restaurants, supermarkets and gas stations, 3 points per $1 on air travel and hotels, and 1 point per $1 on all other purchases. However, just because these cards have no foreign transaction fees doesn’t mean they’re free. Most charge annual fees – Citi Premier comes with a $95 annual fee.

Best Citi Credit Card with No Foreign Fee and No Annual Fee

If you want a Citi credit card with 0% foreign transaction fees and $0 annual fee, consider the Costco Credit Card. It’s on the Visa network, so its worldwide acceptance also makes it a worthy travel companion. The card also offers 4% cash back on eligible gas and and EV charging purchases (up to $7,000 spent per year), 3% back on restaurants and travel, 2% back on Costco and Costco.com purchases, and 1% back on all other purchases.

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Answer 1 · 2022-03-24 18:34:23

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Alexandra Barring, Banking Moderator

@alexandra • 03/24/22 This answer was first published on 03/24/22. 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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You can avoid Citibank fees for monthly bank account maintenance with a qualifying direct deposit, bill payment or minimum balance. This applies to the Citibank Access Account and Basic Banking packages, including checking and savings accounts. You can find more specifics below.

To avoid Citibank fees, meet one of the following requirements

Make 1 qualifying direct deposit per statement period.
Make 1 qualifying bill payment per statement period.
Maintain a combined average monthly balance of $1,500+ in eligible linked accounts.
Be at least 62 years old or have a joint account with a minor (Basic Banking package only).
Maintain a combined average monthly balance of $10,000+ in eligible linked deposit, retirement and investment accounts (Access Account package only).

Qualifying direct deposits include payroll, pension or government payments.

Qualifying bill payments are individual or recurring bill payments made through CitiPhone Banking, Citibank Online, CitiBusiness Online and Citi Mobile.

How do I avoid Citibank fees?

Alexandra Barring, Banking Moderator

To avoid Citibank fees, meet one of the following requirements

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