Citizens Bank and Trust Credit Card Interest Rates and Fees Explained

Citizens Bank and Trust credit cards offer a range of interest rates, from 13.99% to 24.99% APR, depending on your creditworthiness and the card you choose.

If you're not paying your balance in full each month, you'll be charged interest on your outstanding balance, which can add up quickly.

The interest rate on your Citizens Bank and Trust credit card is determined by your credit score, with higher scores typically qualifying you for lower interest rates.

Be aware that Citizens Bank and Trust charges a late payment fee of up to $38, which can be waived if you make your payment on time.

You can avoid interest charges altogether by paying your balance in full each month, but this requires careful budgeting and financial planning.

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Citizens Bank and Trust credit cards offer a range of benefits, including no foreign transaction fees.

The credit limit on a Citizens Bank and Trust credit card can be as high as $50,000, giving cardholders a significant amount of purchasing power.

Interest rates on Citizens Bank and Trust credit cards can range from 13.99% to 25.99% APR, depending on the card and the individual's credit history.

Cardholders can take advantage of 0% introductory APRs on balance transfers and purchases, with terms ranging from 6 to 21 months.

Citizens Bank and Trust credit cards offer rewards programs, including cash back and points, which can be redeemed for statement credits, gift cards, or travel.

The interest rates and fees associated with the Citizens Bank and Trust credit card are important to understand before applying. The purchase APR is variable, meaning it can go up or down based on the index listed in the details below.

For credit scores between 620-719, the median purchase APR is 24.24%, which is considered average interest. For credit scores 720+, the median purchase APR is 20.24%, also considered average interest. The cash advance APR varies by credit score, with a median APR of 30.24% for credit scores 620-719 and 27.24% for credit scores 720+.

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You'll also need to be aware of the cash advance fee, which is either $10 or 5% of the amount of each cash advance, whichever is greater. There's also a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. Keep in mind that using your card for a balance transfer or cash advance may require you to start paying interest on some or all of your total balance, including new purchases.

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If you're considering a credit card, it's essential to understand the purchase rates and fees involved. The purchase APR, or annual percentage rate, can vary depending on your credit score.

For credit scores between 620 and 719, the median purchase APR is 24.24%. This is considered average interest, so be prepared to pay a bit more. In contrast, if you have a credit score of 720 or above, your median purchase APR drops to 20.24%, which is also average interest.

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Keep in mind that the purchase APR is variable, meaning it can change based on the index listed in the details. This can be a bit unpredictable, so it's a good idea to review the terms carefully before applying.

Here's a quick rundown of typical APRs for different credit scores:

To get a better understanding of how credit card interest is calculated, it's worth learning more about APRs in general and fixed versus variable APRs.

The balance transfer rate is a crucial aspect to consider when using a credit card for balance transfers.

The balance transfer interest rate is not fixed, and it can change over time. Advertised balance transfer APRs change over time, so it's essential to check the rates before applying.

The balance transfer fee is either $5 or 3% of the amount of each transfer, whichever is greater. This fee can add up quickly, so it's essential to factor it into your calculations.

After 12 months, any remaining unpaid balance on your account will be subject to interest charges based on your purchase APR. This means you'll need to pay off your balance before the 12-month mark to avoid additional interest charges.

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Cash advance interest rates can be steep, with a median cash advance APR of 30.24% for credit scores between 620-719.

The cash advance fee is either $10 or 5% of the amount of each cash advance, whichever is greater.

If you use your card to transfer a balance or get a cash advance, you may have to start paying interest on some or all of your total balance, including new purchases, as of the date of the transaction.

Here are the typical cash advance APRs for different credit scores:

These rates are specific to the applicant, based on their credit score, and can change over time.

The Citizens Bank and Trust credit card has some important details to consider when it comes to rates and fees. The purchase APR is variable, meaning it can change based on the index listed in the details.

Typical APRs for different credit scores are as follows:

If you have a credit score between 620-719, you can expect to pay an average interest rate on your purchases. For those with a credit score of 720+, the rate is even lower, at 20.24%.

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The cash advance APR is also variable, but the rates are slightly higher. For credit scores between 620-719, the median cash advance APR is 30.24%, while for those with a credit score of 720+, it's 27.24%.

You'll also need to consider the cash advance fee, which is charged for each cash advance and is either $10 or 5% of the amount, whichever is greater.

Balance transfers are subject to a fee, which is either $5 or 3% of the amount transferred, whichever is greater. After 12 months, any remaining unpaid balance will be subject to interest charges based on your purchase APR.

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At Citizens Bank and Trust, security is a top priority.

Fraud monitoring is in place to detect suspicious activity early, giving you peace of mind with your transactions.

With Visa Zero Liability, you're protected against unauthorized card use.

This means you won't be held responsible for any transactions made without your permission.

If your card is ever compromised, provisional credit is granted to help minimize any inconvenience.

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