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August 10th, 2007

New Citi CashReturns Card Offers Automatic Cash Back and No Earnings Cap

By Justin McHenry

Citi has launched a new cash back credit card that isn’t trying to tempt you so much with the size of its rebate but with its simplicity. The new Citi CashReturns Card offers a straight one percent cash back rebate, with no earnings tiers and no cap on earnings per year, and automatically pays you by check every time you’ve earned $50. While the card is not offering the biggest rebate out there, it is surprisingly one of the very few that automatically pays out reward money. Most other cash back cards make you take the step of redeeming them, or they limit your rebate to a once per year payment. Citi is also offering a major incentive by giving 5% cash back on all purchases for the first three months of card usage.

The Citi CashReturns Card also allows cardholders to earn bigger rewards when they make purchases via the Citi Bonus Cash Center, which includes over 400 retailers. Citi CashReturns is a MasterCard credit card and is equipped with MasterCard’s PayPass technology, which allows “contactless” payments by being waved in front of a reader instead of swiped.

To apply for the Citi CashReturns Card, go here.

Most popular / best credit cards according to IndexCreditCards.com visitors:

  1. Discover® More Card
    1.
    Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
  2. Chase Freedom Card
    2.
    Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
  3. Citi Platinum Select MasterCard
    3.
    Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
  4. Blue Cash from American Express
    4.
    Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
  5. Slate from Chase
    5.
    Slate SM from Chase - 0% Intro APR, Now with Blueprint, patented fraud protection

  6. American Express® Gold Card
    6.
    American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
  7. TrueEarnings® Business Card from Costco & American Express
    7.
    TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months

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