The Citi CashReturns® Credit Card is one of the most recent credit card offers in the category of rewards cards being promoted by Citi Cards.  This Citibank MasterCard offers a combination of low rates with cash back rewards program.  The Citi CashReturns MasterCard is marketed primarily towards consumers who have a good credit history and credit score.

With the Citi CashReturns® MasterCard the credit card holder can earn cash back rewards on 1% cash back on all purchases, 1% cash back on cash advances and cash convenience check amounts taken at the standard cash advance rate and five CitiDollars for each individual balance transfer transaction of $1,500 or more.

There’s no limit to the amount of cash back the account holder can earn and the credit card has no annual fee.

To earn credit card rewards the account holders has to use the card for purchases, cash advances and balance transfers and earn an unlimited amount of CitiDollars®.  The account holder can also earn additional cash back when they make transactions at over 400 participating merchants in the Citi® Bonus Cash Center® program.

The Citibank credit card has three credit card rate tiers that start at 12.99% variable APR or 16.99% variable or 20.99% variable for purchase transactions.  The purchase credit card APRs equal the Prime Rate plus a margin.  The margin is 9.74% plus the Prime Rate for the fist tier credit card rate, Prime rate plus 13.74% for the second tier and Prime plus 17.74% for the third tier APR. 

All credit card cash advance APRs are equal to the Prime Rate plus 16.99% but never to fall lower than 21.99%.  The default APRs equals the greater of the Prime Rate plus up to 23.99% or up to 29.99%.

The default APR can be triggered if the credit card holder defaults under any card agreement they have with Citi because they did not make the minimum payment when due or go over the credit card limit or make a credit card payment to Citi that is not honored.  The default APR is set by reviewing the seriousness of the default with Citi as well as the account holders credit history.

The Citibank credit card also includes an assortment of benefits and services such as auto rental insurance, automatic travel accident insurance, $0 liability on unauthorized charges, extended warranty on the terms of the original manufacturers’ U.S. warranties of one year, retail purchase protection with the card which is eligible for protection against accidental damage or theft for up to 90 days from the date of purchase and more.

Citi Cards® is part of the operations of Citigroup Inc., one of the worlds largest financial services company with some 200 million customer accounts in more than 100 countries.  Citigroup Global Consumer Group includes consumer product offerings in North America and around the world, including banking services, credit cards, loans and insurance.

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