Citibank vs bank of america reddit

Citibank vs bank of america reddit. 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 $120k (Platinum Honors) in their checking, savings, or other financial products then they offer either 25%, 50%, or 75% more rewards on their cards. 00% promotional interest rate for up to three months (1. Banks tend to pay jack shit. Bank of America: <1%. I'd like to go with Citi (better card for my spending) but I've heard not-so-great things about Citi's customer service, so I wanted to know what your guys' experience is with Citi & Chase's customer service, along with other things such as their apps and websites. Less shiny than Chase, particularly their website, but I got great customer service. they left me with less than 20$I filed a report with USAA, Zelle, and the FBI. 69 dividend yield. I don't think you'd call them a local bank with 2600 branches, though they are regional. But rewards can only be used to offset travel-related purchases. Luck and timing certainly plays into it. Secondly, good for that guy for getting ahead without the credentials. That’s with a few denials along the way. 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. I've had NFCU for 13 years. 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. 3 million credit cards, whereas Citibank customers have 78. Arkansas doesn't have any Chase or US Bank. But an online broker is generally a better option for your Roth. The NerdUp by Making the Bank of America vs. Bank of America is OK, the app isn't great. Not a limited time offer, but is limited to $2500/quarter of spending. Benefits 2. Citibank when deciding where to keep your company’s cash. Got it. 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. Compare Citibank vs Bank of America and see which is better. Bank of America vs. HSBC vs Citibank vs ? Wells Fargo, Bank of America noting who serves the region you're heading to. 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. Mar 12, 2021 · Chase offers overdraft protection transfers for free and there's no fee if your account is overdrawn by $50 or less at the end of the day. Reddit . For Citigroup specifically, the regulators say shortcomings in the bank’s data management and control systems are corrupting the bank’s calculations on how much liquidity and capital it would need to close derivatives positions in the event of bankruptcy. Citibank has its uses, but I don't think it's great for day-to-day transaction accounts. Aug 21, 2024 · Product Details New customers can earn 5. I live in Michigan and the nearest NFCU is Virigina. I have to agree, I've preferred Chase over BofA as well. Chase is much more updated, even gives you a "snapshot" of how much you've spent daily/weekly. : <1%. Citi Savings. doesn't really show monthly spending trends however. I'd go with Bank of America simply because you're more likely to find a Bank of America branch in any random location in the US than you are to find a Citibank. 3. I’ve had to make two trips to a branch so far, plus I’ve spent around 4 hours on the phone with them, all in two weeks. That data also comes courtesy of FFIEC. im out 500$ 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 . I don't know about Citi but BofA has some requirements for free checking. It's convenient to have a B&M branch near me. 8 stars (based on around 27,000 reviews) [3]. . they closed my account due to overdrafts (completely my fault). 5. 5 points per dollar on every purchase. 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. US bank has some of the worst customer service that I’ve ever experienced. 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. 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. Many people who use BoA do experience fees but if you're not then who cares what everyone else complains about. 8 times out of 10, if someone hates chase, it’s because they collected numerous overdraft fees. basically same as fidelity but I like it more. 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. Aug 9, 2024 · Bank of America vs Chase Business Checking User Reviews. 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. When an account is overdrawn more than $50, customers can Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. The app is AMAZING! Customer service is great. We just dropped there, and they set up new bank accounts for me & my spouse, and credit card. There is one on every corner where I live. 6 trillion off-balance sheet versus $1. Selling now for 125k. Wells Fargo & Co. Citibank: Which Is Best for You? Both national banks offer convenient options but their interest rates are lacking. If you're in the midwest-to-east, consider US Bank. Dec 18, 2023 · Is the Bank of America Unlimited Cash Rewards good? How does a ho-hum 1. 35, and now it sits at $1. 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. Fees and APR 3. The Travel Rewards card is a no-FTF card, while the Cash Rewards charges the typical 3% FTF. Bank of America earned a WalletHub rating of 3. 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. Power’s 2023 U. BoA closed it due to inactivity. 37% APY); To be eligible you must open a Citi Savings Account at a branch from April 2 Mar 2, 2020 · Citibank vs. Chase: Basic checking accounts. You can't revoke an ebills through bank of America, they will try to get you to cancel it through your autopay bank. I use both services and prefer Citi. Read Bank of America and Citibank reviews and ratings at CreditDonkey. TD Bank: <1%. 5 /5. Total limits had just crossed 100k. tracks net worth. 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. As of December 31, 2023 Bank of America shows $1. For US Citigold member, if in the past two months, the total asset in the bank exceeds 0. 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. Customer Satisfaction: Chase beats Citi. 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. Wells Fargo is 4th. Bank of america valued one place at 32k then. In the same time, the Zacks Consensus Estimate for Citigroup has risen from $5. 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. Bank services provided by Evolve Bank & Trust, member FDIC. For example, Baton Rouge didn't have any Bank of America branch. S. 5 million USD, the outgoing wire transfer fee will be waived. Pretty smooth experience. I would avoid being locked into the US bank system. Citibank Business Checking Accounts Overview. See how they stack up against each other. reReddit: Top posts of September 18, 2014 This could be a good card to get for an expat or someone moving abroad. View side-by-side comparison of pros and cons. 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. but if all you want is net worth, it works pretty well. 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. 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". HSBC: I don't have a HSBC account myself but one of my relatives has one (Hong Kong based). As a tourist/exchange scholar etc, you want to take a look at your location and travel pattern before picking banks. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. 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. chase is not a nice bank if/when you’re broke. SCORE Rating Breakdown 3. 48 cash back per year with Bank of America Customized Cash Rewards and $215. 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. Citibank (part of Citigroup): >4% but charges a fee to use an ATM. someone got on my account and zelled themselves 300 from my checking and 200 from my savings. I have been with Chase for roughly 5 years, and with Bank of America for less than 6 months. • 3 yr. Rewards Program 4. U. others. 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. 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. 5% on the TR. 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). Users who gave the providers positive ratings rarely included written explanations. I basically got it for the sign-up bonus. 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. State Street Bank: not published, wat Presidential Bank for example gives me 2. So basically, Bank of America has broken a process that has worked fine for decades. zelle is sketch. Amex BCE, second lowest starting limit at $1k, but it has grown to my 2nd highest limit (30k) in under 3 years. Also, the CR card caps The key advantage to Bank of America is their Preferred Rewards program. Jan 26, 2022 · Earning rewards. supremepoke. 5k on my 10th card. I can however take money out for free at any Credit Union and 7-11. The e-bill request is not instant. 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. 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. Wells Fargo: Basic savings accounts. 6 trillion off-balance sheet; and Citigroup’s Citibank, the “universal” bank that blew itself up in 2008, shows a mind-boggling $2. May 9, 2024 · Bank of America® Customized Cash Rewards credit card 3. For the card network (VISA / MC), it depends on which merchant you're going to use your card for. Feb 18, 2024 · American Express is one of the world's most well-known credit card brand names. i had chase during my early college years, so I was broke. 0. The percentage goes up if you have a lot of money saved/invested with BofA/Merrill. One difference is that Schwab started as a brokerage that now also offers retail banking services. BofA was nearby. I’m guessing I won’t be using them too long. 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. For example, I can visit the branch and get notarized (which is impossible to do online). It takes 2 months to setup, you have to request ebills first, then set up autopay. Let's compare the three big banks with this analysis to help you decide. 7 million total credit cards, as of 2022. For example, SM Store ha Compare to Bank of America which has 13 pe ratio and 1. Jun 26, 2024 · Chase cardholders collectively own 149. 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. Value for Money 4. 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. 9 stars (based on around 39,000 reviews) [2]. Welcome Bonus 3. Bank of America gave me $19. ago. 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. 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. Convenient customer service is important to me. Wells Fargo Way2Save Savings. Wells Fargo choice is difficult. i know better now of course. Nov 3, 2023 · Bank of America vs. APY. Clothing stores online have worked for me so far. 0. Meanwhile, Chase earned a rating of 3. Chase ranked 4th in J. In this article, I will compare and contrast I had the Bank of America Travel Rewards card from May 2017 to August 2020. 41. Bank of New York Mellon: not published, wat. 7 trillion on its balance sheet. These two behemoths rank first (JPMorgan Chase Jul 8, 2024 · Bank of America vs. Second highest starting limit. And only in increments of at least $25. I love them and would never use a different bank. 25% on up to $25k. Wells Fargo, JP Morgan, Bank of America, Truist, etc are all retail banks that now also offer brokerage services. Bank of America Customized Cash rewards (the red one) gives you 3% on the category of your choice, one of which is online shopping. This has been nothing but a hassle. AMEX and Chase are leagues beyond. Local credit unions are typically more consumer friendly and can also offer better rates sometimes on things like car loans. 87%-2. I had only 3 of 9 cards more than 17k. That's something I could never pull off and went back later in life to get my CPA. Credit Card Satisfaction Study, with 607 points out of 1,000. Capital One: >4%. It was either the equivalent of $150 or $200 with $500 or $1,000 spend. 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. Its x4 by me. Chase vs. Unless you visit a big city, lot of banks have dominant area and non-existent presence in other parts of the country. 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. 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. Citi came in 6th place with 606 points. 52 with Citi Custom Cash Card. My wife has a chase account so we have a local bank and we transfer money across the accounts when needed. Bank of America I like , I have about 4 million with em and I use there 3. Bank: <1%, buried in small text at bottom, not huge number at top. Feb 18, 2024 · Citi has a vast choice of credit card options that you can browse by category on the bank’s website. 62% cash back card. I'm in similar shoe with Ally + Bank of America. 30% to 1. D. PNC Bank: <1%. Both banks’ most basic checking accounts are similar, but Chase stands out because it requires a lower balance to open. I have my checking, savings, and cc with chase. Both banks have pros and cons that we’ll break down here. But in the long run, you're more than likely going to be better off having the credentials vs that dude at the bank. 03% APY. wdk eqma nhtz glwqz mhra seppmf tkqx reg ghdqk uvxgabgb