Citizens Bank Launches New Credit Card With Unlimited Cash Rewards

Citizens Bank announced the launch of the Citizens Bank Cash Back Plus World MasterCard, a new credit card offering up to 1.8% cash back with no annual fee and none of the category restrictions or caps on rewards often found with other rewards cards. The new card is the latest offering from Citizens’ Bank Better commitment to make banking simple, clear and personal.

With the Cash Back Plus World MasterCard, cardholders can earn unlimited 1.5% cash back on every purchase they make – a rate that goes as high as 1.8% when customers use their cards on a monthly basis and set up direct deposit to collect their rewards in a Citizens Bank personal checking, savings or money market account.

“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,” said John Rosenfeld, Head of Everyday Banking for Citizens. “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.”

The Citizens Bank Cash Back Plus World MasterCard features include:

  • Unlimited 1.5% cash back on every purchase1
  • Earn up to 1.8% cash back with our Purchase and Relationship bonuses2
  • No annual fee
  • No foreign transaction fees
  • No penalty APR for late payments
  • A great introductory APR on balance transfers for the first 12 billing cycles
  • Simple and clear rewards redemption via direct deposit into a Citizens Bank personal deposit account or as a statement credit.

Citizens also recognized that some consumers desire an even simpler credit card option offering a lower APR. To meet that need, Citizens has introduced the Citizens Bank Clear Value MasterCard. Designed for customers who tend to carry a balance, the Clear Value card offers Citizens’ lowest rates.

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