Citibank vs bank of america reddit

Citibank vs bank of america reddit. Nov 16, 2020 · Bank of America (NYSE:BAC) and Citigroup (NYSE:C), on the other hand, present their own enticing opportunity at times and for seemingly better value. That data also comes courtesy of FFIEC. Feb 18, 2024 · American Express is one of the world's most well-known credit card brand names. Value for Money 4. When an account is overdrawn more than $50, customers can Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Bank of America I like , I have about 4 million with em and I use there 3. I'm in similar shoe with Ally + Bank of America. i know better now of course. Amex BCE, second lowest starting limit at $1k, but it has grown to my 2nd highest limit (30k) in under 3 years. Local credit unions are typically more consumer friendly and can also offer better rates sometimes on things like car loans. To get the discussion started, here's Morning Star's bear case: Citigroup has a long history of disappointing shareholders; it can be difficult to tell when this will stop. Chase ranked 4th in J. Secondly, good for that guy for getting ahead without the credentials. Citibank Business Checking Accounts Overview. Unless you visit a big city, lot of banks have dominant area and non-existent presence in other parts of the country. If you ever have an issue with them their customer service is located in India and that's okay cut cost but whoever instructs everyone in the call center how to handle So I am trying to decide what to get as my next card, and I'm stuck between a Citi and a Chase card. Citibank when deciding where to keep your company’s cash. HSBC vs Citibank vs ? Wells Fargo, Bank of America noting who serves the region you're heading to. i had chase during my early college years, so I was broke. Bank of New York Mellon: not published, wat. This has been nothing but a hassle. I’m guessing I won’t be using them too long. For example, Baton Rouge didn't have any Bank of America branch. Benefits 2. Welcome Bonus 3. But in the long run, you're more than likely going to be better off having the credentials vs that dude at the bank. 69 dividend yield. Its x4 by me. May 9, 2024 · Bank of America® Customized Cash Rewards credit card 3. But rewards can only be used to offset travel-related purchases. Convenient customer service is important to me. That's something I could never pull off and went back later in life to get my CPA. Reddit . 37% APY); To be eligible you must open a Citi Savings Account at a branch from April 2 Mar 2, 2020 · Citibank vs. I have to agree, I've preferred Chase over BofA as well. Bank of America Customized Cash rewards (the red one) gives you 3% on the category of your choice, one of which is online shopping. Feb 18, 2024 · Citi has a vast choice of credit card options that you can browse by category on the bank’s website. I have been with Chase for roughly 5 years, and with Bank of America for less than 6 months. The NerdUp by Making the Bank of America vs. I would avoid being locked into the US bank system. Power’s 2023 U. It's convenient to have a B&M branch near me. If you're in the midwest-to-east, consider US Bank. Citibank (part of Citigroup): >4% but charges a fee to use an ATM. 5 million USD, the outgoing wire transfer fee will be waived. Chase vs. so I personally don’t hate chase, but they probably hate Feb 18, 2024 · If you’re looking for the best rates with no fees and some nice features, like 1% cash back on debit card purchases, Discover is the better bank. 9 stars (based on around 39,000 reviews) [2]. View side-by-side comparison of pros and cons. Banks tend to pay jack shit. 5% on the TR. Also, the CR card caps The key advantage to Bank of America is their Preferred Rewards program. My mom made a huge move to US Bank a couple of years ago after some policy at Chase pissed her off, but recently decided to move back to Chase. 00% promotional interest rate for up to three months (1. Join our community, read the PF Wiki, and get on top of your finances! Jul 27, 2015 · 30 days ago, the Zacks Consensus Estimate for Bank of America’s yearly EPS was $1. State Street Bank: not published, wat Presidential Bank for example gives me 2. Citibank has its uses, but I don't think it's great for day-to-day transaction accounts. For example, SM Store ha Compare to Bank of America which has 13 pe ratio and 1. People that talk about 'private' banking arent really going to deal with such limits like 25k before rates drop, because then they'd end up with a ton of random bank accounts. Bank of America:My financial picture I was in my BofA account looking at some thing and then I noticed they have "my financial picture". Luck and timing certainly plays into it. Second highest starting limit. Bank of America vs. The Travel Rewards card is a no-FTF card, while the Cash Rewards charges the typical 3% FTF. I'd like to go with Citi (better card for my spending) but I've heard not-so-great things about Citi's customer service, so I wanted to know what your guys' experience is with Citi & Chase's customer service, along with other things such as their apps and websites. Chase is much more updated, even gives you a "snapshot" of how much you've spent daily/weekly. Both banks’ most basic checking accounts are similar, but Chase stands out because it requires a lower balance to open. The app is AMAZING! Customer service is great. Compare Citibank vs Bank of America and see which is better. • 3 yr. While big bank policies all kind of suck and all seem pretty similar, she was sold on the technology/user interface of Chase banking vs. Looking at the benefits of the BoA Cash Rewards card with 3% on gasoline and 2% on groceries makes me wonder whether or not it still pays to use the Citibank Doublecash card. they left me with less than 20$I filed a report with USAA, Zelle, and the FBI. Feb 18, 2024 · Citibank can be a better choice than Bank of America Bank if: You want a credit card that favors your preferred brands or spending habits. It was either the equivalent of $150 or $200 with $500 or $1,000 spend. Jun 26, 2024 · Chase cardholders collectively own 149. 6 trillion off-balance sheet; and Citigroup’s Citibank, the “universal” bank that blew itself up in 2008, shows a mind-boggling $2. 3 million credit cards, whereas Citibank customers have 78. Capital One: >4%. Also, if your spending is outside of the 2% grocery/warehouse category and whatever is chosen for 3%, then the base rate on the CR card is just 1% vs 1. 62% cash back card. 52 with Citi Custom Cash Card. 8 stars (based on around 27,000 reviews) [3]. 6 trillion off-balance sheet versus $1. Wells Fargo: Basic savings accounts. For example, I can visit the branch and get notarized (which is impossible to do online). We just dropped there, and they set up new bank accounts for me & my spouse, and credit card. 8 times out of 10, if someone hates chase, it’s because they collected numerous overdraft fees. 30% to 1. D. US bank has some of the worst customer service that I’ve ever experienced. Customer Satisfaction: Chase beats Citi. Got it. My wife has a chase account so we have a local bank and we transfer money across the accounts when needed. They offer lower interest rates! Citibank is different compared to other banks because they only offer a package of both checking and savings account when opening an account. AMEX and Chase are leagues beyond. : <1%. For the card network (VISA / MC), it depends on which merchant you're going to use your card for. Bank of America isn't likely to be in your current credit card ecosystem => you likely have to start from scratch to build a relationship with a new bank How you would take advantage of it: Open a Merrill Edge self-directed investing account, get this to above $100k, and only invest in index funds I’m going to be completely honest. Fees and APR 3. Many people who use BoA do experience fees but if you're not then who cares what everyone else complains about. Both banks have pros and cons that we’ll break down here. 5k on my 10th card. Rewards Program 4. I don't know about Citi but BofA has some requirements for free checking. 25% on up to $25k. 5 points per dollar on every purchase. See how they stack up against each other. Bank services provided by Evolve Bank & Trust, member FDIC. Credit Card Satisfaction Study, with 607 points out of 1,000. Meanwhile, Chase earned a rating of 3. 0. I use both services and prefer Citi. 35, and now it sits at $1. In this article, I will compare and contrast I had the Bank of America Travel Rewards card from May 2017 to August 2020. And only in increments of at least $25. they closed my account due to overdrafts (completely my fault). ago. APY. So basically, Bank of America has broken a process that has worked fine for decades. Bank of america valued one place at 32k then. BoA closed it due to inactivity. A giant nationwide bank is a giant nationwide bank, once you've decided the fee schedules aren't relevant, you're down to qualitative factors. I love them and would never use a different bank. Also bank of america foreclosed on several around me i took them to court when they tried to force it for me by losing paperwork repeatedly. 87%-2. 7 million total credit cards, as of 2022. 7 trillion on its balance sheet. In the same time, the Zacks Consensus Estimate for Citigroup has risen from $5. The Travel Rewards card earns 3 points on travel purchases booked through the Bank of America Travel Center (like flights, hotels and rental cars) and a flat 1. Citi Savings. Citibank: Which Is Best for You? Both national banks offer convenient options but their interest rates are lacking. Wells Fargo, JP Morgan, Bank of America, Truist, etc are all retail banks that now also offer brokerage services. Wells Fargo choice is difficult. BofA was nearby. Not a limited time offer, but is limited to $2500/quarter of spending. Bank of America gave me $19. 48 cash back per year with Bank of America Customized Cash Rewards and $215. I’ve had to make two trips to a branch so far, plus I’ve spent around 4 hours on the phone with them, all in two weeks. At least one interest May 22, 2024 · The difference is especially stark when you compare the Bank of America Advantage Savings account and the Capital One 360 Performance Savings; the APY for Capital One's account is more than 100 In terms of asset size, Truist is 10th largest bank in the US and Schwab is 8th. Selling now for 125k. chase is not a nice bank if/when you’re broke. You want better rates on your CDs Sep 26, 2023 · Both the Citi Custom Cash® Card and Bank of America® Customized Cash Rewards card offer plenty of cash back — and with no annual fee and a 0 percent intro APR on balance transfers and Which one people prefer here - Bank of America or Chase? What should I be looking for, before making a decision? EDIT: Thanks for the suggestions! I went to a Chase branch, and had a very horrible experience. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. The Travel Rewards also has a better sign-up bonus (25,000pts vs $200) although a better path for most would be to get the Premium Rewards sign-up bonus of $500 and downgrade after the first year. Bank of America: <1%. Time is the lamest Bank ever they have 6 times more lawsuits against them than the next worst bank as far as that goes and they're also a fraction of the size of that bank. 5. I work for a company that has “ties” to US Bank and I swear I have never experienced the runaround and canned responses that US bank comes up with. It takes 2 months to setup, you have to request ebills first, then set up autopay. If you're looking for specific credit card benefits, Citi cards is likely to make Citi a better choice for you Apr 1, 2024 · You might want to compare Bank of America vs. I have my checking, savings, and cc with chase. S. 03% APY. I'd go with Bank of America simply because you're more likely to find a Bank of America branch in any random location in the US than you are to find a Citibank. Many of the best Citi credit cards have no annual fee and there is the potential to earn up to 5% cash back depending on your card choice. Bank: <1%, buried in small text at bottom, not huge number at top. but if all you want is net worth, it works pretty well. On the other hand they can be less tech advanced versus the big boys and sometimes don’t have great app support but that’s been rapidly changing for the better the last 5-6 years. I basically got it for the sign-up bonus. Bank of America offers two different business checking accounts compared to Citibank’s four options: Jan 22, 2021 · Which Bank is Better: Bank of America or Citibank? In summary: Bank of America has many account options and their user friendly interface and mobile app is noteworthy. Wells Fargo & Co. TD Bank: <1%. For Citigroup specifically, the regulators say shortcomings in the bank’s data management and control systems are corrupting the bank’s calculations on how much liquidity and capital it would need to close derivatives positions in the event of bankruptcy. I don't think you'd call them a local bank with 2600 branches, though they are regional. For US Citigold member, if in the past two months, the total asset in the bank exceeds 0. . Wells Fargo is 4th. Customers can get a personal banking solution from American Express National Bank, which offers online savings CD options, and recently launched a rewards checking account with interesting features. zelle is sketch. Aug 21, 2024 · Product Details New customers can earn 5. But an online broker is generally a better option for your Roth. Pretty smooth experience. doesn't really show monthly spending trends however. That’s with a few denials along the way. Clothing stores online have worked for me so far. There is one on every corner where I live. I've had NFCU for 13 years. Wells Fargo Way2Save Savings. Bank of America is OK, the app isn't great. The e-bill request is not instant. Join our community, read the PF Wiki, and get on top of your finances! Feb 2, 2023 · Many banks, including Bank of America, Wells Fargo and Chase, offer Roth IRA accounts. Jul 23, 2021 · Card name Rewards rate Best for; Bank of America Customized Cash Rewards: 3% cash back on a category of choice (gas, online shopping, dining, travel, drugstores or home improvements and furnishings), 2% cash back on grocery store and wholesale club purchases ($2,500 combined spend limit on 2% and 3% categories each quarter, then 1%) and 1% cash back on other purchases Dec 18, 2023 · Which credit card earns more cash back overall? Based on identical spending inputs, you’ll earn $177. basically same as fidelity but I like it more. tracks net worth. supremepoke. reReddit: Top posts of September 18, 2014 This could be a good card to get for an expat or someone moving abroad. someone got on my account and zelled themselves 300 from my checking and 200 from my savings. For the cash-back lovers it's decent if you're already tied into the BofA ecosystem and have over $20k (Gold), $50k (Platinum), or $120k (Platinum Honors) in their checking, savings, or other financial products then they offer either 25%, 50%, or 75% more rewards on their cards. As of December 31, 2023 Bank of America shows $1. Citi came in 6th place with 606 points. Jan 26, 2022 · Earning rewards. I can however take money out for free at any Credit Union and 7-11. The percentage goes up if you have a lot of money saved/invested with BofA/Merrill. I live in Michigan and the nearest NFCU is Virigina. Dec 18, 2023 · Is the Bank of America Unlimited Cash Rewards good? How does a ho-hum 1. As a tourist/exchange scholar etc, you want to take a look at your location and travel pattern before picking banks. Sep 11, 2024 · If you believe bigger is better when it comes to banks, deciding where to put your money may come down to a choice between Chase and Bank of America. Aug 9, 2024 · Bank of America vs Chase Business Checking User Reviews. Bank of America earned a WalletHub rating of 3. Users who gave the providers positive ratings rarely included written explanations. I had only 3 of 9 cards more than 17k. U. Total limits had just crossed 100k. Less shiny than Chase, particularly their website, but I got great customer service. PNC Bank: <1%. Let's compare the three big banks with this analysis to help you decide. Read Bank of America and Citibank reviews and ratings at CreditDonkey. Arkansas doesn't have any Chase or US Bank. 3. HSBC: I don't have a HSBC account myself but one of my relatives has one (Hong Kong based). They made out like bandits properties and bailouts Skip to Content For the card brand (Citi Rewards), your chosen network doesn't matter with Citibank as they still earn the same amount of points. One difference is that Schwab started as a brokerage that now also offers retail banking services. 41. Mar 12, 2021 · Chase offers overdraft protection transfers for free and there's no fee if your account is overdrawn by $50 or less at the end of the day. Chase: Basic checking accounts. im out 500$ and zelle & my bank (USAA) refused to do anything about itwhen zelle is used for transfers theres a huge grey area in terms of accountability . 0. You can't revoke an ebills through bank of America, they will try to get you to cancel it through your autopay bank. Nov 3, 2023 · Bank of America vs. others. 5% back premium rewards credit card on everything Reply reply damyrrome I moved on from BoA when I turned 23 (no longer a student); their fees stinged the crud out of my checking account and I moved to a CU that's affiliated with an education institution and I'm much happier now; I even got myself a credit card from the credit union after 4+ attempts to apply for a Petal 2 Credit Card (and being rejected after trying to apply for that card). 43 Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Amalgamated Bank, America First Credit Union, American Express National Bank, Andrews Bank of America has ATMs virtually everywhere so I hold a single checking account with them and put the rest of my money in zero fee/high yield online savings accounts elsewhere. 5% flat-rate credit card earn the title of Best Bank Loyalty Rewards Card? By offering qualified B of A/Merrill Edge customers a 25%-75% rewards boost, which turns the Bank of America Unlimited Cash Rewards Card into a much more competitive 1. These two behemoths rank first (JPMorgan Chase Jul 8, 2024 · Bank of America vs. 5 /5. SCORE Rating Breakdown 3. vxqgy fsp rzbblb vhaggw jhuxp blibmasq oztqf gvca rtn khief