CITI CREDIT CARDS ON AMERICAN EXPRESS NETWORK

Looking for a Credit Card for Christmas Shopping? Before you submit a credit card application, first review the main points which will help you choose the right credit card for your needs.

What Charges You'll Make - If you're going to use the credit card mainly for booking airline reservations and hotels, it might be best for you to get a travel credit card that offers sky miles and hotel points or cashback. If this will be an emergency credit card only, then your main concern may be for a low interest rate credit card with low fees.

When You'll Repay Charges - Will you pay off credit card charges in full every month, or will you carry a balance month to month? If you're going to carry a balance, you want the lowest possible interest rate as well as a low introductory rate. But if you'll payoff balances in full every month, then interest rate really doesn't matter so no annual fee and/or a long grace period would be a bigger concern. If you're going to carry a balance, be concerned about how the finance charge is calculated. The most common method is the Average Daily Balance, which means that the daily balances are added together and then divided by the number of days in the billing cycle. Stay away from credit cards that compute the balance using two billing cycles, as this method costs more money in financing fees.

What Amount You'll Charge - If you're going to use the credit card for all your monthly expenses, then you need a card that has a high credit limit and a high cashback percentage.

More info about Interest Rates, Credit Limits, Incentives, Fees and Penalties

Interest Rates - The interest rate (Annual Percentage Rate) APR can either be a fixed rate or a variable rate that is tied to another financial indicator, most commonly the prime rate. With a fixed rate credit card you know what the interest rate will be every month, whereas a card with a variable rate can fluctuate. Of course, even the interest of a fixed rate card can change based on certain events, such as paying your credit card bill late, exceeding your limit, or simply because the credit card issuer decides to change it after providing you ample advance notice.

Credit Limit - This is the amount of money the credit card company will let you charge to the card. This amount varies depending upon the card offer and your credit history. Be sure to get a credit card with an ample limit, because getting close to your max can hurt your credit score. Just remember that you don't have to max out your limit just because it's available.

Incentives - To compete for and to gain customers, many credit card companies offer rewards. Even if you normally use cash, why not use your credit card and then use the cash to make the payment during the grace period? You still won't pay interest and meanwhile you'll rack-up rewards. A credit card with 5% cashback will earn you $5 for every $100 charged. If your total bills come to $2,000 per month, you'll earn a free $100 every month. Look for a rewards program that you'll use and which offers flexibility, such as cashback or travel.

Fees and Penalties - Compare common charges such as late fees, overlimit fees, balance transfers, cash advances, and for making payments by telephone. Regarding balance transfers, look for credit card offers with no transaction fees and zero percent interest for at least 12 months.

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CITI CREDIT CARDS ON AMERICAN EXPRESS NETWORK

By Credit Federal | Published 12/22/2005

CITI LAUNCHES NEW LINE OF CREDIT CARDS ON THE AMERICAN EXPRESS(R) NETWORK

Introduces Suite of Products, Providing Credit Card Essentials, Worldwide Acceptance and No-Fee Extras

Citibank(R) and American Express(R) announce today that they will offer consumers Citibank premium benefits and customer service through cards that are accepted wherever American Express is welcome. Plus, many of the new Citi American Express Cards reward cardmembers for doing what they already do, like making purchases at grocery and drug stores, or putting gas in the car.

'We're excited by this new relationship, and the prospect of providing our customers and prospective customers with the superior benefits and services these new cards will have,' says Vik Atal, Chairman and CEO, Citi Cards North America. 'As always, we're committed to exceptional customer service, and by issuing some of our most popular card products on the American Express Network, we're offering customers many of the features and benefits they want in a credit card.'

Peter Godfrey, President of American Express Global Network Services adds, 'This partnership brings together two highly successful and internationally recognized brands for the benefit of all cardmembers looking for high quality products and service. We are delighted that Citibank is providing consumers with a credit card on the American Express Network that allows them to experience the best of both worlds.'

The Citi American Express Cards offer value, rewards and cash back benefits. The initial offerings will begin later this month, and the full suite of card products will be available to consumers as of January 15, 2006:

* The Citi(R) Platinum American Express(R) Card, a no-annual fee card, offers points on purchases through ThankYou Network, Citi's no-fee rewards program featuring a variety of merchandise, travel and gift cards at leading retailers and restaurants. Cardmembers will enjoy services to source hard-to-find tickets to shows, concerts and sporting events along with direct access to a live customer service representative 24 hours a day. A special 12 month introductory offer provides a 0% APR on eligible balance transfers.
* The Citi(R) Dividend American Express(R) Card enables cardmembers to earn 5% cash back on purchases at supermarkets, drug stores and gas stations; 1% cash back on other purchases and eligible cash advances; and cash back on eligible balance transfers. Cardmembers also pay no annual fee.
* The Citi(R) / AAdvantage(R) American Express(R) Card allows cardmembers to earn one American Airlines AAdvantage(R) mile for every dollar they spend on purchases - up to 60,000 miles per calendar year.
* The Citi PremierPass(R) American Express(R) Card, with no-annual fee, offers cardmembers one ThankYou Point for every three miles flown on any airline and one ThankYou Point for every dollar spent on purchases - up to 100,000 ThankYou Points per year, up to 50,000 of which can be earned for miles flown.
* The Citi(R) Diamond Preferred Rewards American Express(R) Card offers cardmembers five ThankYou Points on purchases made at supermarkets, drug stores and gas stations and one ThankYou Point for every dollar spent on other purchases during their first year of cardmembership. Thereafter, cardmembers will earn one ThankYou Point on all eligible purchases.

Other benefits of the Citi American Express suite of cards include:

* $0 Liability on unauthorized purchases
* 24/7 customer service
* Citi Identity Theft Solutions and Fraud Early Warning
* Pay over time or pay in full
* Worldwide Car Rental Loss & Damage Insurance
* 24-hour Emergency Assistance Services
* Worldwide Travel Accident Insurance
* Access to more than 2,200 American Express Travel Services locations
* Price Protection, Retail Protection and Extended Warranty
* Deals and discounts
* Worldwide acceptance of American Express

Additional terms, conditions, and limitations apply to all these products.

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CITI CREDIT CARDS ON AMERICAN EXPRESS NETWORK - by <a href=http://creditfederal.com>CreditFederal.com</a> CITI LAUNCHES NEW LINE OF CREDIT CARDS ON THE AMERICAN EXPRESS(R) NETWORK Introduces Suite of Products, Providing Credit Card Essentials, Worldwide Acceptance and No-Fee Extras Citibank(R) and American Express(R) announce today that they will offer consumers Citibank premium benefits and customer service through cards that are accepted wherever American Express is welcome. Plus, many of the new Citi American Express Cards reward cardmembers for doing what they already do, like making purchases at grocery and drug stores, or putting gas in the car. 'We're excited by this new relationship, and the prospect of providing our customers and prospective customers with the superior benefits and services these new cards will have,' says Vik Atal, Chairman and CEO, Citi Cards North America. 'As always, we're committed to exceptional customer service, and by issuing some of our most popular card products on the American Express Network, we're offering customers many of the features and benefits they want in a credit card.' Peter Godfrey, President of American Express Global Network Services adds, 'This partnership brings together two highly successful and internationally recognized brands for the benefit of all cardmembers looking for high quality products and service. We are delighted that Citibank is providing consumers with a credit card on the American Express Network that allows them to experience the best of both worlds.' The Citi <a href="http://creditfederal.com/americanexpress-credit-card.html"> American Express Cards</a> offer value, <a href="http://creditfederal.com/rewards-credit-card.html"> rewards</a> and cash back benefits. The initial offerings will begin later this month, and the full suite of card products will be available to consumers as of January 15, 2006: * The Citi(R) Platinum American Express(R) Card, a no-annual fee card, offers points on purchases through ThankYou Network, Citi's no-fee rewards program featuring a variety of merchandise, travel and gift cards at leading retailers and restaurants. Cardmembers will enjoy services to source hard-to-find tickets to shows, concerts and sporting events along with direct access to a live customer service representative 24 hours a day. A special 12 month introductory offer provides a 0% APR on eligible balance transfers. * The Citi(R) Dividend American Express(R) Card enables cardmembers to earn 5% cash back on purchases at supermarkets, drug stores and gas stations; 1% cash back on other purchases and eligible cash advances; and cash back on eligible balance transfers. Cardmembers also pay no annual fee. * The Citi(R) / AAdvantage(R) American Express(R) Card allows cardmembers to earn one American Airlines AAdvantage(R) mile for every dollar they spend on purchases - up to 60,000 miles per calendar year. * The Citi PremierPass(R) American Express(R) Card, with no-annual fee, offers cardmembers one ThankYou Point for every three miles flown on any airline and one ThankYou Point for every dollar spent on purchases - up to 100,000 ThankYou Points per year, up to 50,000 of which can be earned for miles flown. * The Citi(R) Diamond Preferred Rewards American Express(R) Card offers cardmembers five ThankYou Points on purchases made at supermarkets, drug stores and gas stations and one ThankYou Point for every dollar spent on other purchases during their first year of cardmembership. Thereafter, cardmembers will earn one ThankYou Point on all eligible purchases. Other benefits of the Citi American Express suite of cards include: * $0 Liability on unauthorized purchases * 24/7 customer service * Citi Identity Theft Solutions and Fraud Early Warning * Pay over time or pay in full * Worldwide Car Rental Loss & Damage Insurance * 24-hour Emergency Assistance Services * Worldwide Travel Accident Insurance * Access to more than 2,200 American Express Travel Services locations * Price Protection, Retail Protection and Extended Warranty * Deals and discounts * Worldwide acceptance of American Express Additional terms, conditions, and limitations apply to all these products. This article provided courtesy of <a href=http://creditfederal.com target=_new>www.CreditFederal.com</a>, a personal credit resource of good or bad credit credit cards and loans.

Credit Tip: Need a high limit for Christmas credit card charges? If you have bad credit, consider a personal loan by refinancing your mortgage. Even if you have cash to buy Christmas presents, we recommend using a prepaid card to make purchases because it's safer than carrying cash.