So, unless you prioritize access to more physical branches, Citibank is likely to be a better choice. Please visit the issuer's website for details. Both banks offer a good selection of banking products, making it easier to switch from your current bank. Earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. Read Full Comparison: Bank of America vs Citi: Which Bank Suits You Best? Still need help deciding which airline credit card is better? You can then use these points to book some incredible flights on Emirates first class, Singapore Airlines first class, Lufthansa first class, and Air France business class. This means the EveryDay bonus is worth $300 and the Rewards+ bonus is worth $340 if you also hold a premium Citi ThankYou card like the Citi Premier. Read the in-depth reviews below. Capital One offers checking and savings accounts, children's accounts, auto finance and refinancing, in addition to an impressive selection of credit cards. However, if you are simply looking for a cash-back Citi card, the Citi Double Cash Card offers a better 2% rate (1% when you buy, plus 1% when you pay) of return. For those looking to save money with a well-known financial institution, the American Express High Yield Savings Account is a popular option. (read more). Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card. Credit cards, CDs, personal loans, mortgages, IRAs, investment options, wealth management plans, and checking and savings accounts are all available. CreditDonkey is a credit card comparison and reviews website. American Express Membership Rewards points, Do Not Sell or Share My Personal Information, 15,000 points after spending $1,500 in three months, Earn 20,000 ThankYou bonus points after you spend $1,500 on purchases with your card within the first three months of account opening, 0% for first 15 months (then a variable APR of 12.99% - 23.99% applies). Visit americanexpress.com/benefitsguide for more details. For the car rental collision damage coverage benefit of the American Express Blue Business Cash Card, eligibility and benefit level varies by card. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future. In addition to offering more products overall, American Expresss credit cards and charge cards generally offer more value, especially for the premium traveler or business owner. Discover Bank is a full-service online bank as well as a provider of payment services. Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. The Smart Investor does not include all companies or all offers available in the marketplace and cannot guarantee that any information provided is complete. Our runner-up choice is the Amex Blue Cash Everyday card, which many would describe as a toned-down version of the Amex Blue Cash Preferred card. Terms, conditions and limitations apply. Terms, conditions and limitations apply. Levvel, an Endava company. Costco announced last year that it was changing its co-branded credit card from an American Express to a Visa issued by Citi. The very last section well walk you through in our complete Amex vs. Citi comparison guide is the best balance transfer cards. This everyday heavy-hitter offers a great welcome bonus, plus best-in-class earning structures with up to 4x Membership Rewards points: Earning 4x Membership Rewards points is equivalent to an 8.8% return on spending, which is industry-leading. Your rewards are automatically credited to your statement every month, too. The variable Penalty APR is up to 29.99% and may be applied if you make a late payment or make a payment that is returned. Citi Online Bill Payment comes with time-saving features including: One-time payments One-Time Payments Simple to do and undo. Terms, conditions and limitations apply. Benefits: Macy's American Express Card provides access to ticket presales and discounts via Amex Offers. These points are the same kind you earn with cards like The Platinum Card from American Express and the American Express Gold Card. . Like Amexs more premium cards, it earns transferable American Express Membership Rewards points and offers category and transaction bonuses. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Each of these cards carry an annual membership fee which is $695, $250 and $150 respectively. As of March 2023 , you can get $200 $2,000, based on your minimum deposit. We'll run a soft credit check to find special offers, but it wont affect your credit score. Citi tends to focus heavily on those looking for cash-back and low fees. Citibank is a global financial services company with over 100 million customers in 98 countries. American Express does not make many borrower requirements public. pursuant to a license. Arguably, the best credit card in Citis entire portfolio is the Citi Premier card. After that, the variable APR will be 13.49% - 23.49%. HSBC holdings and nationwide building society are banning crypto purchases with credit cards for retailers. Citi AAdvantage: Pricing information including interest rates, rewards, benefits and fees was obtained on February 7, 2023 from published websites and is believed to be accurate, but not guaranteed. Click here to see a list of advertisers that we work with. And what a rate it is: 2%, broken down as 1% cash back on every dollar you spend and another 1%. Neither card charges you anything to carry it in your wallet year after year. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. If youre looking for a fantastic middle-of-the-road way to earn travel rewards points between Amex and Citi, read this section in-depth to get the inside scoop! Your information is safe and secure with us, protected with bank-level encryption. These cash-back rewards are denominated in ThankYou Points, but they can only be redeemed through the full transfer partner list if you also have the Citi Premier card. Citi vs Capital One: Which Bank is Best For You? With the Citi Double Cash Card - 18 month BT offer there is no sign-up bonus. In general, American Express offers better cards for travel rewards and luxury benefits. In addition, as an Amazon Associate we earn from qualifying purchases. With no minimum deposit requirements or monthly fees, you can earn competitive rates on your savings. This is usually a 16-digit number, although it may be anywhere from 12 to 19 digits. All rights reserved. Learn more about how we review products and read our advertiser disclosure for how we make money. No foreign transaction fees. Underwritten by AMEX Assurance Company. American Express Platinum vs Citi AAdvantage Compare Rewards, Interest Rates, Fees, and Benefits American Express is a CreditDonkey partner. If you'd like to add a comment to this article and share your valuable feedback and opinions, please click here to leave your comment. Citi Savings Account Build your savings today with Citi Learn More Checking Accounts This is where you keep the money you'll need to pay your regular bills: rent, mobile phone, utilities, childcare, car payments and credit cards. American Express built its reputation on being a credit card provider, but over the years has expanded its product line. $695. A third-party American Express card is a credit card that is processed by American Express (rather than Visa or Mastercard) but is not issued by American Express. Because it offers impressive cash-back rewards with the ability to convert your points to transferable rewards and an awesome balanced transfer promotion, the Double Cash card tops our list. Like the Chase Sapphire Preferred Card, Capital One Venture card, or The Platinum Card from American Express.. It's also worth noting that currently, the Citi ThankYou Premier is NOT offering a . Increasingly, checking accounts are a lot more about just paper checks. After that, your fee will be 5% of each transfer (minimum $5). Underwritten by AMEX Assurance Company. 80,000 Membership Rewards points . While American Express banking promotions are quite limited, you can find welcome bonuses on many Amex cards. Each credit card has a unique structure for earning points, different credit card benefits, and so on. American Express has BA and Iberia, while Capital One and Citibank do not. Be sure to call the number on the back of your card and ask for your options. 3.1 Wells Fargo Propel World American Express Card. Apply Now View Details Macy's American Express Card Earn more wherever you go1 3% back in rewards at restaurands, including delivery 2% back in rewards at gas stations & supermarkets You can also earn 2x points per dollar booking travel through AmexTravel.com. However, remember that if you don't have a premium Citi ThankYou card, you won't have access to the full benefits of the Citi ThankYou Rewards program. Re Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Citi offers home loans, personal loans, lines of credit, wealth management options, and investments, as well as everyday and premium banking services. Visit americanexpress.com/benefitsguide for more details. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Silvermann's areas of expertise include investing, banking, and credit cards. You do not need any bank account to acquire this card. 20% bonus for making 20 or more purchases per billing period, 2x ThankYou at supermarkets and at gas stations on up to $6,000 per year; then 1x ThankYou point, 1x on everything else, points rounded up to nearest 10, Amex Membership Rewards transfers, 1% back on flights through AmexTravel.com, 1% cash back per point, 10% refund on up to 100,000 points per year, possible to combine with premium ThankYou Rewards cards, Travel and purchase protections, access to. Visit americanexpress.com/benefitsguide for more details. The most obvious product gap is the absence of a checking account. American Express began as a credit card company, but in recent years, it has expanded into a broader range of banking products. Dont Miss Out On HOT Deals! So, as you would expect, there is an impressive array of American Express credit card options. Many of the cards have no annual fee, and you can earn up to 5% cash back. Citibank is concerned about security. Theres an attractive welcome bonus on this card, plus up to 3% cash-back on a healthy selection of bonus categories: Also, youll get a $7 monthly credit towards The Disney Bundle and a $15 monthly credit towards Home Chef, which totals up to $264 in annual credits! There are several phone lines to access the support team according to your product. In case you need to carry a balance on purchases or transfers in the first few months, the Citi card will have your back. Read Full Comparison:American Express vs Chase Bank. Bank of America vs Citi: Which Bank Suits You Best? Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. However, you should be aware that a fee may apply for this service. Are the benefits of the Platinum Card from American Express worth it? While Citi tends to focus a lot on cash-back, you might be surprised that our favorite cash-back card is from American Express. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc. For the trip cancellation, trip delay and interruption insurance benefits of The Business Platinum Card from American Express, eligibility and benefit level varies by card. In this Guide, we'll cover every facet of downgrading for each major bank including: Downgrade Chase Credit Cards: Ultimate Rewards Downgrade Chase Sapphire Reserve ($550) Chase Ink Preferred (or Chase Ink Plus) $95 Time Frame: Downgrade Eligibility Downgrade Rules: Type of Cards Lesser Known Downgrade Options Bank Specific Concerns And if you spent $16 at a gas station, youd earn 40 points ($16 x 2 points per dollar rounded up to the nearest 10). Read Full Comparison: Citi vs Wells Fargo: Which Bank Account Is Better? Hot Tip:Check to see if youre eligible for a welcome bonus offer of up to 150,000 points with the Amex Platinum card! Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.