The Citizens Cash Back Plus™ World Mastercard® offers a remarkable opportunity for savvy spenders who want to earn rewards with every purchase. This credit card stands out for its straightforward rewards program, where you earn a substantial 1.8% cash back on every purchase, with the potential to increase to 1.9% if you also hold a Citizens Quest® Checking account.
The card is designed to cater to those who prefer simplicity and want to maximize their earning potential without the hassle of rotating categories or annual fees. With its emphasis on unlimited earning potential and a suite of additional benefits, the Citizens Cash Back Plus™ World Mastercard® is a compelling option for those seeking a reliable and rewarding credit card experience.
Whether you’re using it for everyday purchases or planning your next big purchase, this card promises to enhance your spending power with ease.
Key features of the Citizens Cash Back Plus™ World Mastercard®
How is the annual fee managed?
One of the most attractive features of the Citizens Cash Back Plus™ World Mastercard® is its lack of an annual fee. This means that cardholders can enjoy all the benefits of the card without worrying about a yearly charge.
The absence of an annual fee is a significant advantage, especially when compared to many other credit cards that may impose such fees. For those who also have a Citizens Quest® Checking account, the rewards rate can be boosted, further adding value to the card without any extra cost.
How is the credit limit determined?
Credit limits for the Citizens Cash Back Plus™ World Mastercard® are determined based on a variety of factors, including the applicant’s creditworthiness, income level, and overall financial profile. For conventional credit cards, the limit is usually set by the issuing bank based on these criteria.
If you have a good credit score and a stable income, you are likely to receive a higher credit limit. However, for prepaid cards, the process is different. In such cases, the credit limit is determined by the amount deposited into the card, giving the cardholder complete control over their spending limit.
Advantages of the Citizens Cash Back Plus™ World Mastercard®
The Citizens Cash Back Plus™ World Mastercard® offers several benefits that make it a standout choice for many cardholders. Here are some of the key advantages:
- 1.8% Cash Back on All Purchases: Earn a consistent 1.8% cash back on every purchase, with no cap on how much you can earn.
- No Annual Fee: Enjoy the benefits of the card without the burden of an annual fee.
- 0% Introductory APR on Balance Transfers: Benefit from a 0% introductory APR on balance transfers for the first 15 billing cycles, after which a variable APR applies.
- No Foreign Transaction Fees: Use your card internationally without incurring additional fees.
- Extended Warranty Protection: Doubles the original manufacturer’s or store brand warranty for up to two years.
- ID Theft Protection: Provides 24/7 monitoring and support to help resolve identity theft issues.
Highlighted advantage: Cash Back Rewards
The standout feature of the Citizens Cash Back Plus™ World Mastercard® is its cash back rewards program. Unlike other cards with rotating categories or spending limits, this card offers a straightforward 1.8% cash back on all purchases.
For those who hold a Citizens Quest® Checking account, this rate increases to 1.9%. This unlimited earning potential means that every purchase you make contributes to your cash back rewards, providing significant value over time.
Disadvantages of the Citizens Cash Back Plus™ World Mastercard®
While the Citizens Cash Back Plus™ World Mastercard® has numerous benefits, there are a few drawbacks to consider:
- High APR After Introductory Period: After the initial 15 billing cycles, the APR for balance transfers can be as high as 29.24% based on creditworthiness.
- Potential for High Interest Rates: Depending on your credit profile, the variable APR can be quite high, which might be a concern if you carry a balance.
Highlighted disadvantage: High APR After Introductory Period
One significant drawback is the high APR that applies after the introductory period for balance transfers. While the 0% APR offer for the first 15 billing cycles is appealing, the subsequent variable APR can be steep. This means that if you carry a balance beyond the introductory period, you could face high interest charges, which could offset the benefits of the cash back rewards.
Who can apply for this card?
To be eligible for the Citizens Cash Back Plus™ World Mastercard®, applicants generally need to meet the following criteria:
- Minimum Age: Typically, you must be at least 18 years old.
- Income Requirements: Proof of income is required to ensure you can manage the credit limit.
- Credit Score: A good credit score is preferred for approval.
- Citizenship: Applicants should be U.S. citizens or permanent residents.
- Banking Relationship: While not mandatory, having a Citizens Quest® Checking account can provide additional benefits.
How to apply for the Citizens Cash Back Plus™ World Mastercard®
Applying for the Citizens Cash Back Plus™ World Mastercard® is straightforward and can be done through various channels:
Online Application
You can apply online by visiting the Citizens Bank website. Simply navigate to the credit cards section, select the Cash Back Plus™ World Mastercard®, and follow the application process. You will need to provide personal information, financial details, and consent to a credit check.
Mobile Application
The application process can also be completed via the Citizens Bank mobile app. Download the app, log in to your account, and follow the instructions to apply for the card. The app provides a user-friendly interface for submitting your application and tracking its status.
In-Person Application
For those who prefer a face-to-face experience, you can apply for the card at a Citizens Bank branch. Visit a nearby branch, speak with a representative, and they will guide you through the application process. By understanding these details, you can make an informed decision about whether the Citizens Cash Back Plus™ World Mastercard® aligns with your financial goals and needs.
