The Cash Back Credit Card series offered by Citi has yet another exciting offer for its clients- the Citi Cash Returns Credit Card. This new scheme is a step up from the Citi Dividend Card using which owners could receive rebates of 5% on purchases at the drugstores, at the supermarkets and at the gas stations along with being awarded rebates of 1% on other spending activity. The Citi Dividend Card experienced some problems in the market owing to the company being unable to make a profit on such extreme schemes and hence the rebates were lessened. The Citi Cash Returns Credit Card now replaces the Citi Dividend Card in the market with some new attractive features and some fundamental changes.

The fees structure followed for the Citi Cash Returns MasterCard includes a 0% APR balance transfer. This scheme can vary from 6 months to 12 months depending upon the kind of credit account you have. The Citi Cash Returns MasterCard comes with no fee being charged annually. However an overhead rate of 3% is levied for every balance transfer that you might choose to conduct.

The Citi Cash Returns Credit Card will give you a rebate of 1% on every transaction per dollar that you spend. Hence, for every one dollar you will collect a rebate of 1%. Since the rebates do not expire after a period of time you can continue to amass them with every subsequent transaction that you undertake. The company follows a system where once the credit card holder has collected $50 a check for the same is immediately made out to them. Convenience checks as well as cash advances will also have you receiving rebates, however these come with a downside- an interest is charged on these and in the long run this interest can pile up and prove to be a disadvantage rather than you benefiting from the rebates. The company also follows a scheme in their rebate system where users are awarded 5 Citi Dollars (the reward points) every time they make balance transfers worth $1,500.

Possibly the most attractive feature of Citi credit cards is the Citi Bonus Cash Center. The Citi Bonus Cash Center is a program that is conducted in affiliation with approximately 400 market brands and merchants. According to the scheme, when a user shops on the World Wide Web, in offline markets, orders goods via catalogs or purchases gift cards from any of the names listed in the Bonus Cash Center program, he or she stands to win supplementary cash rebates on the transactions. According to the statistics propagated by the Citi group, users of the Citi Cash Returns Credit Card stand to gain 5% extra in cash rebates by using the Citi Bonus Cash Center feature.

Even though the card does offer some appealing features and the 1% rebate per dollar, in the long haul it is more advisable to use it in addition to a main credit card. The Citi Cash Returns Credit Card is thus better suited to be an additional card and not a regular one since it doesn’t offer any competitive edge in the market.