The Citizens Clear Value® Mastercard® is one of the best cards for credit builders, with low fees, a low credit score requirement and some great features. Amazingly, in the first 18 billing cycles, the card holder gets an introductory APR of 0% on balance transfers as well as no annual fee.
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The goal of the Citizens Clear Value® Mastercard® is to provide simplicity, especially if one wants to transfer past or current balances or just want a card with great value on offer. Let us bore the fine details and see what makes this card viable for many individuals.
Key information about the Citizens Clear Value® Mastercard®
The Citizens Clear Value® Mastercard® is design to contain clear and huge value for it cost little or nothing at all. Perhaps the biggest selling point is the initial ever 0% introductory APR on balance transfers for the first 18 billing cycles and then a variable APR which is between 19. 24% to 27. 25% depending on credit worthiness of the client.
This feature is most suitable especially for those who are in a quest of repaying past credit card balances that come with less interest. In addition, the card does not attract an annual fee hence making it even more suitable for those monetary conscience card users.
How does the annual fee work?
Another unique aspect of this card is that the Citizens Clear Value® Mastercard® has no annual fee. This means that all those privileges of the card come with the extra expense of a yearly fee or lack of it. The lack of annual fee is especially appreciated by those people who do not like to spend money on unrelated expenses in charges. There are no undisclosed charges when using this card, meaning that you can fully optimize on the bonuses profits without a worry of a monthly subscription.
How is the credit limit determined?
The Citizens Clear Value® Mastercard® credit limit is set depending on the credit score of a potential card holder. What this means is that the credit limit that you be given will be assessed by the issuing bank the Citizens Bank, N. A. through; credit history, income, among other things. The evaluation process guarantees that the amount of limit gives you a chance to use it responsibly to meet your credit needs.
Credit card benefits
- 0% introductory APR on balance transfers: For the first 18 billing cycles, you can transfer balances without paying any interest, making it an excellent choice for consolidating existing debt.
- No annual fee: Enjoy the benefits of the card without any recurring yearly charges.
- Extended warranty protection: Doubles the manufacturer’s or store brand warranty for up to one year, providing extra coverage on eligible purchases.
- ID theft protection: Monitors and resolves identity theft issues quickly, offering 24/7 peace of mind.
- Zero liability protection: Protects you from unauthorized purchases, whether they occur online, by phone, or in-store.
- Contactless payments: The card’s contactless technology allows for quick and secure transactions at millions of locations worldwide.
The 0% introductory APR on balance transfers
The most outstanding feature that can be associated with the Citizens Clear Value® Mastercard® is the 0% introductory APR on balance transfers which is 18 billing cycles. Despite this feature, one can save quite a lot, especially if one is considering eradicating high interest credit card balance. This card offers you an option to transfer balances and make interest-free payments for some time so that one is relieved of the pressure of debts.
Disadvantages
- Variable APR: After the introductory period, the APR can range from 19.24% to 27.24%, which may be high for some users, depending on their creditworthiness.
- No rewards program: Unlike some other credit cards, this one does not offer a rewards program, which means you won’t earn points, miles, or cash back on your purchases.
- Limited additional perks: While the card provides essential protections, it lacks some of the premium benefits offered by higher-tier cards, such as travel rewards or concierge services.
No rewards program
One major disadvantage would be the fact that the company does not offer any rewards program. Some consumers love to compensate points, kilometers, or cash back on what they are purchasing so it has its merit over a few times.
However, this card does not have such a program which may be disheartening for those who wish to be rewarded for their spending habits. However, if your primary aim lies in getting the lowest possible expenses on revolving debts as opposed to cash rewards, this may not present a huge issue.
Who can apply for this card?
As aforesaid, there are some standard requirements that must be fulfilled so that one can apply for the Citizens Clear Value® Mastercard®. Standing requirements include, applied individuals should be of 18 years of age and above, basic education, possess a valid social security number. Although it’s a non-existent thing in current markets or even in the propose model, it also indicated that earnings will also be factored when checking the creditworthiness of the applicant.
How to apply for the Citizens Clear Value® Mastercard®
Applying online
To apply for Citizens Clear Value® Mastercard®, simply go to the Citizens Bank online application form available on the Citizens Bank website. Find the credit cards tab and then choose the Citizen Clear Value® Mastercard® among the list of the options.
After selecting the card, you will be taken to the on-line application where much of the required data is entered, including your name, address, social security number, and income information. Make sure to complete all the segment as far as possible to avoid unpleasant and troublesome application process.
At the form’s end, read all the information you have provided to make sure that it is rather viable. If you have got the details right, then simply submit the application. Most of the time, the status of your application will be decided at the time of your application.
However, should there be need for further action Citizens Bank shall communicate the status of your application to you in less than three days. This is the time when the bank may decide to carry out further investigations as regards your credit score.
After this, you are likely to be granted an email in which details of the new card are included as confirmation that you have the new card. The Citizens Clear Value® Mastercard® will be then be sent to your address within 7-10 business days. After that, you can start using the card and gain from services like the 0% introductory APR on balance transfers and others, or no annual fee.
