CitiFinancial is part of Citibank otherwise known as CitiCorp. Citi is a conglomerate of personal banking, mortgage (citimortgage) and credit cards (Citibank cards) among other business entities under the Citi umbrella. As one of the world’s foremost lenders, Citi offers a diverse credit card portfolio.
With the backing of Citi, CitiFinancial can offer a variety of credit cards. These cards range form secured to unlimited credit depending on your situation. Some of their cards offer low to nearly zero interest to rates as high as legally possible.
It all depends on your credit rating, debt to income ratio and where you fit in risk factors to the bank.
Citi® Platinum Select® MasterCard®
The Platinum Select® series is the upper crust of credit for CitiFinancial. With no annual fee and very low interest rate, this card is the one most consumers are after. You must have exceptional credit and a strong employment backing to qualify for this card. The perks are the best and the benefits are superb.
Citi® Platinum Select® / AAdvantage® Visa Signature® card
This card comes with an $85.00 annual fee but provides stellar miles for all purchases made against the card. It is perfect for the avid user who is looking for free tickets based on usage. This is one of the better programs offered by the major lenders. If you are interested in its benefits, be sure to shop and compare first.
Citi ThankYouSM Preferred Card The CitiFinancial ‘Thank you’ series range from no annual fee to up to $125.00 annual fee based on the card you qualify for. It is a rewards program-based card which is triggered based on your use. Be careful with rewards cards as interests rates tend to be high and if you miss a payment or you go over your limit, you stand to lose your reward points.
Citi Simplicity® Card
This line of credit cards are your basic plain credit card plans, generally with no annual fee but higher than basic interest rates. These are sometimes called credit builder credit cards as they hold moderate credit limits and help the user refine and create a better credit score through revolving credit use.
Citi® Secured MasterCard® Here, you have a credit card series that has a minimum of a $39.00 annual fee with a higher interest rate, generally 3 to 6% higher than the Simplicity® series. These are backed by your savings and can go no higher then the amount locked in. It means that if you have $500.00 in saving, it now becomes the ‘property’ of Citi and is used as security against your card. This is idea for those trying to reestablish their credit.