2009 Credit Card Study
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Credit Card Exclusive: Citi

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Citi
CardCiti Platinum Select MasterCard

Citi CashReturns MasterCard

Any time, any reason; universal defaultWe will not voluntarily increase your rates and fees or change other terms of your card agreement until your card expires, typically in two years.We will not voluntarily increase your rates and fees or change other terms of your card agreement until your card expires, typically in two years.
Average daily balance or two-cycle?Average daily balance (including new purchases).Average daily balance (including new purchases).
Late fee range$15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 or more.$15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 or more.
Overlimit fee$39.$39.
Balance transfer fees: % of amount; minimum and maximum3% of each balance transfer; $5 minimum.3% of each balance transfer; $5 minimum.
Cash advance fees: % of advance; minimum and maximum3% of each advance; $5 minimum.3% of each advance; $5 minimum.
Payment related fees: phone, expressPhone: $14.95 with a person.Phone: $14.95 with a person.
Other fees (annual, returned check, etc.)Annual: $0
Returned check: $39
Wire transfer: NA
Statement copy: 10 or more copies are $3 per request
Annual: $0
Returned check: $39
Wire transfer: NA
Statement copy: 10 or more copies are $3 per request
Grace periodAt least 20 days.At least 20 days.
Introductory rate for purchases and balance transfersPurchase and balance transfer: APR 1: 0% for 12 months; APR 2: 0% for nine months; APR 3: 0% for six months. Citi's APRs are based on creditworthiness.Balance transfer: APR 1: 0% for 12 months. APR 2: 0% for six months; APR 3: 0% for six months.
Default APR rangeDefault APR: 29.99% variable. All default APRs equal the greater of (1) the prime rate plus up to 23.99% or (2) up to 29.99%.Default APR: 29.99% variable. All default APRs equal the greater of (1) the prime rate plus up to 23.99% or (2) up to 29.99%.
How payments applied to balance?Payments will be applied to balances with lower APRs before balances with higher APRs.Payments will be applied to balances with lower APRs before balances with higher APRs.
How is interest rate set?For each billing period we use the prime rate published in The Wall Street Journal two business days before the statement/closing date.For each billing period we use the prime rate published in The Wall Street Journal two business days before the statement/closing date.
Minimum payment charge1.5% if there is a 0.00% APR. 1% when the APR is greater than 0% plus fees plus interest.1.5% if there is a 0.00% APR. 1% when the APR is greater than 0% plus fees plus interest.
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Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.44%  0.03 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
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