Citibank Silver Card
The Citibank Silver Card is the lower end of the Citi Gold card. It offers a decent middle range interest rate along with some purchase security and a low annual fee. It is suitable as an entry-level card or even for debt consolidation.
Citibank Silver Card Overview
If you are the type of person who pays off their balance every month, this card is designed with you in mind. It has an interest rate of 20.74% which could be a problem for anyone who leaves a monthly balance but if used wisely, can be easily managed. To help you out, the card comes with a 55 day interest free period.
The card does boast an impressive balance transfer rate of 2.9% for the first 12 months. If you don’t get the original debt paid off in six months, the interest rate on the rest reverts to the cash advance rate of 21.24% so that is motivation to get it paid off early.
The Citibank Silver Card has a maximum credit limit of $7,500 and an annual fee of $89 which is very reasonable compared to other cards of its class. The best thing about the card is its reward points. For every dollar you spend, you get one reward point that can be used towards the Silver Rewards Program. Also, access to the Citibank World Privileges gives you upgrades and discounts for a number of services such as travel, hotels, and much more. As a cardholder, you can accrue frequent flyer miles for any airline with the Citibank Take Flight program.
The Citibank Silver Card gives customers fraud protection as well as the ability to personalize your Silver card using PhotoCard Security. Along with purchase protection, which covers any lost or stolen item purchased with your credit card, this makes for a pretty secure card.
In Summary: The Citibank Silver Card is a decent, middle of the road type of card that provides a low transfer rate along with the usual bonuses that you have come to know from Citibank.
Related Cards: