The Citizens Clear Value® Mastercard® is designed for those who prioritize low interest rates and straightforward features in a credit card. With a 0% introductory APR on balance transfers for the first 18 billing cycles and no annual fee, this card offers an excellent opportunity to manage existing debt or make new purchases without the burden of high interest costs.
This card also comes equipped with a variety of security and convenience features, including extended warranty protection, ID theft protection, and travel insurance. Additionally, it offers the flexibility of contactless payments and digital wallet compatibility, making it a modern choice for everyday spending. Let’s explore the key details and benefits of the Citizens Clear Value® Mastercard® to see why it might be the right card for you.
Key information about the Citizens Clear Value® Mastercard®
The Citizens Clear Value® Mastercard® is tailored to meet the needs of individuals seeking a low-interest credit card with no annual fee. The card offers a 0% introductory APR on balance transfers for the first 18 billing cycles.
After this introductory period, the APR will revert to a variable rate of 19.24%, 23.24%, or 27.24%, depending on your creditworthiness. This extended period of 0% APR makes the card particularly appealing for those looking to pay down existing debt without accruing additional interest.
How does the annual fee work?
One of the most significant advantages of the Citizens Clear Value® Mastercard® is that it does not have an annual fee. This means you can enjoy the benefits of the card without the burden of a recurring yearly cost. For many cardholders, avoiding an annual fee is a crucial factor in choosing a credit card, as it allows them to maximize the value of the card without needing to justify the expense.
How is the credit limit determined?
The credit limit for the Citizens Clear Value® Mastercard® is determined based on several factors, including your creditworthiness, income, and overall financial profile. When you apply for the card, Citizens Bank reviews your credit report and financial situation to establish a credit limit that aligns with your ability to manage debt responsibly.
Credit card benefits
- 0% introductory APR: Benefit from 0% APR on balance transfers for the first 18 billing cycles, providing a long period to pay down debt without accruing interest.
- No annual fee: Enjoy all the benefits of the card without worrying about an annual fee, making it a cost-effective option for long-term use.
- Extended warranty protection: Double the original manufacturer’s or store brand warranty for up to one year, giving you added peace of mind on your purchases.
- ID theft protection: Gain 24/7 protection against identity theft, with quick resolution services if any issues arise.
- Travel insurance: Includes travel accident and baggage delay insurance, offering coverage while you’re on the go.
- Contactless payments: Use the card’s contactless technology for quick, easy, and secure transactions at enabled terminals.
0% introductory APR
The most significant advantage of the Citizens Clear Value® Mastercard® is the 0% introductory APR on balance transfers for the first 18 billing cycles. This extended period of interest-free financing provides cardholders with a valuable opportunity to pay down existing credit card debt without incurring additional interest charges.
By transferring balances from higher-interest cards to the Citizens Clear Value® Mastercard®, you can consolidate your debt and manage your payments more effectively. This feature is particularly beneficial for those looking to reduce their debt over time without the pressure of accumulating interest.
Disadvantages
- No rewards program: Unlike many other credit cards, the Citizens Clear Value® Mastercard® does not offer a rewards program, meaning you won’t earn points, cashback, or miles on your purchases.
- Variable APR: After the introductory period, the APR can range from 19.24% to 27.24%, which could be high for some cardholders, depending on their creditworthiness.
- Limited additional benefits: While the card includes basic protections like extended warranty and ID theft protection, it lacks some of the more premium perks found on other credit cards, such as travel rewards or concierge services.
No rewards program
One notable disadvantage of the Citizens Clear Value® Mastercard® is the lack of a rewards program. Many credit cards offer points, cashback, or travel miles as incentives for spending, which can add significant value over time.
However, the Citizens Clear Value® Mastercard® focuses on providing low interest rates and essential benefits, without offering rewards. This may be a drawback for those who prefer to earn rewards on their purchases and are willing to pay an annual fee for a card that offers these perks.
Who can apply for this card?
To be eligible to apply for the Citizens Clear Value® Mastercard®, you must be at least 18 years old and a U.S. resident with a valid Social Security number or Tax Identification Number. The card is designed for individuals with a good to excellent credit score, as it offers competitive interest rates and a valuable introductory APR period.
Additionally, applicants may need to provide proof of income to demonstrate their ability to manage credit responsibly and make timely payments. This card is well-suited for those looking for a straightforward credit option with no annual fee and an extended 0% introductory APR on balance transfers.
How to apply for the Citizens Clear Value® Mastercard®
Applying through the website
Applying for the Citizens Clear Value® Mastercard® is a simple and user-friendly process that can be completed online. To begin, visit the official Citizens Bank website and navigate to the credit cards section, where you will find the Citizens Clear Value® Mastercard® listed among other options.
Once you select this card, you’ll be directed to a detailed information page that outlines its features and benefits. From there, you can start your application by clicking the “Apply Now” button. During the application process, you will be required to provide personal information such as your name, address, Social Security number, and income details.
It’s essential to ensure that all the information you provide is accurate and up-to-date, as this will help avoid delays in processing your application. Before submitting, take a moment to review all the information to ensure its correctness. After confirming everything is accurate, submit your application electronically.
Once your application is submitted, Citizens Bank will review your creditworthiness by assessing your financial history, including your credit score and income. This process typically takes a few business days, although some applicants may receive an instant decision depending on their financial profile.
If your application is approved, you will receive your Citizens Clear Value® Mastercard® in the mail within a few business days. Upon receiving the card, you will need to activate it, which can be done online or by phone. After activation, you can start using your card for everyday purchases and take advantage of the card’s benefits, such as the 0% introductory APR on balance transfers for the first 18 billing cycles.
