For many consumers, the CITI Best Buy Credit Card is one of their most favorite credit cards. This is mainly due to the fact that this card offers a number of benefits that can be useful to anyone who is interested in obtaining credit. These benefits include having a no preset limit on spending, rewards programs, air miles and frequent flyer miles. With these in place, it makes it easier for any consumer to obtain a card and make good use of it. However, despite all of the great things this card has to offer, there are some consumers who still find themselves wondering whether or not this is a good choice.
It helps to take a look at all of the things that CITI Best Buy Credit Card offers consumers. The biggest benefit that is found with this credit card is that it does not charge any annual fees and does not charge any transaction fees. Despite this, there are still some other fees that will affect the consumer's bottom line.
The first fee that will be noticed is the ATM Cash Advance fee. This is one fee that is very useful for those who need cash fast. This fee is very small however, so only the worst consumers will even notice it. The other downside to this fee is the fact that you have to use your PIN to get the money you need. This could prove to be very frustrating for someone who does not want to waste their PIN.
Next there is the EFT or Electronic Funds Transfer fee. This is a fee that is not entirely needed but it will end up being cheaper than not having it. EFT is one of the best ways to avoid carrying around large amounts of cash around with you all the time. The problem is that the EFT process is rather inconvenient as well. You have to wait for the bank to send you a withdrawal slip so you can take it to the nearest ATM and withdraw your money.
One last thing that many people will notice about CITI best buy credit card is the annual fee that comes with the card. This fee is nominal in most cases but it is still there. The annual fee makes this credit card cost more than it is worth. That is why this card is best for consumers that do not plan on paying off their balance for a long time. If you plan on paying off your balance then you should look elsewhere.
Overall CITI best buy credit card earns a good score. It has low interest rates, fees that are minimal, and a reward program that can help you save money. If you happen to have any questions then the customer service department should be able to help you. This credit card is also ideal for anyone who needs an emergency credit card. If you need a little extra cash for whatever reason then this could be the credit card for you.