Citizens Bank Cash Back Plus World Mastercard Review

Bank-issued credit cards underwrite a multi-billion dollar industry that supports consumerism at the highest level. When consumers use credit cards appropriately, they can be immensely helpful as a tool of convenience and reward. However, when credit cards are abused, it can lead to uncontrollable debt. The massive market represented by bank credit cards is highly competitive, leading banks to become very creative in the manner in which they entice consumers to apply for their cards over others. The rewards card comes in all shapes and sizes. Depending on what you are looking for in a card and how you will use it, there is a card for you. Today, we are taking a look at the Citizens Bank Cash Back Plus World Mastercard.

Citizens Bank Cash Back Plus World Mastercard

When placed in juxtaposition to the other cards, the Citizens Bank Cash Back Plus World Mastercard measures up nicely. There is no interest applied to balance transfers and you can earn as much as 1.8 percent is cash back on all eligible purchases. If you were allowed to describe this credit card in three words, they would be simple, powerful, and unlimited.

Benefits at a glance:

  • No foreign transaction fees
  • No limit on the amount of cash back rewards you can earn
  • No annual fee
  • No rotating categories or enrollments required to take advantage of the benefits

Citizens may not have the name recognition of the larger banks listed here, but the benefits measure up nicely, The fact that there is no annual fee is huge. Additionally, not having to enroll or deal with rotating categories is also a great benefit. It all boils down to what you are looking for in a card and how the card will be used.

The Citizens Banks Cash Back Plus World Mastercard is ideal for the consumer that enjoys cash back rewards but does not want to deal with rotating categories and bonuses. Many cards offer cash back based on categories that revolve year-round, causes cardholders to keep up with the different categories to optimize the benefits they receive in the form of cash back. This card does not rotate bonuses.

There are certain qualifying purchases that will earn 1.8 percent cash back and all other general purchases will earn one percent cash back.

Another huge benefit of this card is that there is no annual fee, one of the most common complaints made by cardholders. The APR is rated very well when compared to other cards in the market, ranging from 14.99-22.99.

Let’s take a look at the pros and the cons:

Pros

  • No limit on how much cash back you can earn in a year
  • The Cashback does not expire
  • Cash back can be redeemed as a statement credit or bank deposit
  • Low minimum redemption amount ($25)
  • No rotating bonuses or categories and no enrollment required

Cons

  • An online request must be submitted to redeem cash back rewards
  • Can’t combine or transfer rewards
  • No options for automatic redemption

There are some other notable features associated with this card, including concierge services, no foreign transaction fees, extended warranty, baggage insurance, trip cancellation, interruption protection, and auto rental insurance.

It is worth noting that you will need to live near a Citizen’s bank to get the best possible rates. Most locations are on the East Coast and Mid-Atlantic region. This something to keep in consideration when determining if this card is for you.

What I like most about this card is that it has no annual fee, but another great benefit is that it has an above average cash back rating. When you find a card that does not charge an annual fee, the cash back capacity is extremely low, normally topping out at one percent. However, this card pays 1.8 on all qualifying purchases — with no earning limit.

I am not impressed with the limited ways in which you can redeem your rewards nor the fact that you are not allowed to combine or transfer your rewards — something that is offered with other cards.

If you are a person who prefers cash back to other rewards options, this is a card that you should consider. If you currently have an account with Citizens Bank, you definitely want to apply for this card, because you will be able to optimize the benefits offered. At the end of the day, it all depends on what you are looking for.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yogi Berra
20 Yogi Berra Quotes That Apply to Business
Gympass
20 Things You Didn’t Know About Gympass
Away
20 Things You Didn’t Know about Away
Steph Korey
10 Things You Didn’t Know about Away CEO Steph Korey
Massachusetts
How to Apply for Unemployment in Massachusetts
California
How to Apply For Unemployment in California
Pharmaceuticals
Is Denali Therapeutics a Solid Long Term Investment?
New York
How to File For Unemployment in New York
Deschutes River
The 20 Best Things to Do in Bend, OR, for First Timers
Costa Di Mare
The 20 Most Romantic Restaurants in the United States
Ocean Drive
The 20 Best Things to do in Newport, RI For First Timers
Lake Merritt
The 20 Best Things to Do in Oakland, CA for First Timers
1937 Cadillac Phaeton 5859
10 Things You didn’t Know About the 1937 Cadillac Phaeton 5859
2021 Genesis G80
10 Things You Didn’t Know About The 2021 Genesis G80
2020 Audi Q7 55 side
10 Things You Didn’t Know About the 2020 Audi Q7 55
Gumpert Nathalie EV
10 Things You Didn’t Know About the Gumpert Nathalie EV
Watches
How Jomashop Became a Leader in Online Watch Sales
Jack Mason Yacht Timer
The 10 Best Jack Mason Watches Money Can Buy
I.N.O.X. Professional Diver
The 20 Best Swiss Army Watches of All-Time
Orrery Tourbillon REF. 2GGBP.U01A
The 10 Best Graham Watches Money Can Buy
Andrew Serwer
How Joe Montana Achieved a Net Worth of $80 Million
Steven Crowder
How Steven Crowder Achieved a Net Worth of $3 Million
Don Lemon
How Don Lemon Achieved A Net Worth Of $10 Million
Sting
How Sting Achieved a Net Worth of $400 Million