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March 19, 2015

Citizens Bank unveils new credit card with unlimited cash rewards

Citizens Bank has unveiled a new credit card that offers up to 1.8% cash back on daily purchases with purchase and relationship bonuses.

By Verdict Staff

Citizens Bank has unveiled a new credit card that offers up to 1.8% cash back on daily purchases with purchase and relationship bonuses.

Called the Citizens Bank Cash Back Plus World MasterCard, the new card offers cardholders 1.5% back on every purchase with no annual fee and doesn’t cap on rewards.

Cardholders will be able to get up to 1.8% cash back when they use their cards on a monthly basis and collect their rewards through direct deposit into a Citizens Bank personal checking, savings or money market account.

Also, the new credit card also features benefits such as no foreign transaction fees, no penalty APR for late payments, as well as introductory APR on balance transfers for the first 12 billing cycles.

Furthermore, Citizens Bank has launched a new Clear Value MasterCard with low APR for customers who tend to carry a balance and prefer lower rates over cash rewards.

Citizens head of everyday banking John Rosenfeld said: "We are very excited to launch the Cash Back Plus World MasterCard, which gives consumers what they have told us they want unlimited cash rewards and a high rebate rate for all of their purchases, not just purchases in certain categories.

"With the Cash Back Plus World MasterCard, customers can easily earn cash back on all their everyday purchases without the need to keep track of enrollments or rotating categories it’s a simple and straightforward card that offers one of the best cash back rates available, with no limit on cash back rewards."

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