December 19, 2018, 9:16 AM
Do you have a credit card in your wallet that has become your default tried and true solution when it's time to charge a purchase? There's nothing wrong with loyalty, but it might be time to make a change if you can get some perks in return.
One recent study found that about 49 million Americans have never switched their main credit card and nearly 20 million have held onto the same card for a decade. Premium credit cards are now more popular than ever, and City Bank offers a range of three personal credit cards to meet your needs.
Feature-Packed Low-APR Credit Cards
City Bank offers consumers a choice of three credit cards, all with a low APR. Our Mastercard® Platinum card comes with a 0.00% introductory APR for six months (including balance transfers). After that, your APR will vary depending on your creditworthiness, with a rate between 10.99% to 18.99%. Terms and Conditions
Both the Mastercard Platinum Rewards card and the Mastercard World card offer a 14.99% to 20.99% APR, based on creditworthiness. These rates are also available for balance transfers.
Terms and Conditions
No Annual Fee
There is no annual fee for a City Bank credit card. Premium credit cards from other major providers can have annual fees that are an average of $95 to as much as $195. Not only do you get a credit card without having to pay a fee, but you will also receive one that comes with several perks.
Get Perks with a City Bank Credit Card
The City Bank credit card you choose will depend on your particular needs and desire for certain benefits. Some of the most attractive perks featured by each card include:
Consumer Platinum Rewards
1 reward point earned for each dollar spent on the credit card.
Get a one-time bonus of 5,000 points if you spend $1,000 in the first 3 months.1
Redeem reward points in various categories such as cash back, travel, and gift cards.
Terms and Conditions
Consumer World (Rewards)
Earn double points for every dollar spent on hotels, airfare, dining, and car rentals.2
Earn 1 reward point for every dollar spent on non-travel purchases.
Get a one-time bonus of 10,000 points if you spend $3,000 in the first 3 months.1
Premium concierge services - a personal assistant 24/7 who can help with travel planning and on-site assistance while you are away from home.3
Terms and Conditions
No matter which card you choose, you will have access to 24/7 customer service, multiple payment options, a dedicated account manager, extended warranties, identity theft and price protection, and rental coverage.
Which City Bank Credit Card is Right for You?
With several amazing choices in consumer credit cards, it can be difficult to choose. Maybe the choice is clear, and you are ready to apply now.
If you have any questions about our low APR credit cards, their features, or just need some help finding the one that suits your needs, give City Bank a call. Reach us today at (800) 687-2265 or come into one of our branches to get started.
Subject to Credit Approval. Ask for details.
1Upon approval, a letter will be mailed acknowledging your new account. The Rewards Bonus period begins on the date of the new account letter and ends 90 days later. For details on the Rewards Program, please visit city.bank/myapexcard.com/apply and select Rewards Terms and Conditions. Reward options are subject to change without notice. 2We group similar merchant category codes into Purchase Categories that are used to calculate the stated reward points. We make every effort to include all relevant merchant category codes in the listed Purchase Categories. However, even though a merchant or the items that it sells may appear to fit within a Purchase Category, the merchant may not provide us with the merchant code that will fall within that Purchase Category. Because of this, we cannot guarantee that a purchase will qualify for more than the standard 1 (one) rewards points as any purchase where a merchant uses a category code outside of the eligible Purchase Category does not qualify for additional rewards points. 3Certain terms, conditions, and exclusions apply. Please consult your Guide to Benefits for specific benefit configuration.
MasterCard® is a registered trademark of MasterCard International Incorporated.
December 13, 2018, 9:04 AM
While those holiday sales might seem irresistible, it is still going to cost you some cash to take advantage of the deals that major retailers are advertising this year. Granted, it's a season of "giving," but you might be being too generous if you are going into debt to show loved ones how much you care.
It's never fun to face the new year with unpaid bills from the holidays. You can avoid this and still find the perfect gifts with these tips to rein in your holiday spending this year.
Have a Budget
Before you buy a single item, sit down and create a budget for your holiday shopping. Not only do you want to have an overall budget for your spending, but also one that is broken down per person. When you make your list, don't forget to include extra items that often add up such as wrapping paper and boxes and stocking stuffers.
Know Your Prices
Make a detailed list of the people that you want to buy gifts for and the items you want to buy. Research these products so that you know what the regular price is and can search for the best deal. Look for store coupons that can help you get additional money off on purchases.
For unique gifts, it's always a good idea to support local businesses. However, you might get the best prices on some items by shopping online. This is particularly the case if you can score free shipping. Retailmenot is one site that will help you compare online prices on many products and locate some online discount codes.
When you head out for some holiday shopping or get online, buy what you came for and then walk away. Avoid the temptation to add "just one more thing" to your shopping cart or to even purchase a little something for yourself while you're there. You'll be surprised at how much money you'll save with this one rule.
Consider Gift Alternatives
Buying expensive gifts for loved ones isn't the only way to show them that you care. There are many alternatives that can be just as meaningful as something you bought in a store. A few ideas include:
Give handmade items such as baked goods and crafts.
Have a large gathering of family and friends instead of giving gifts. Ask everyone to bring something to eat.
Instead of buying a gift for everyone in your family, use the Secret Santa approach to pick just one relative for a holiday present.
Give to or ask for gifts to a favorite charity this year instead of a gift exchange.
A Final Word from City Bank
It's entirely too easy to get caught up in the holiday spending cycle. But, having a plan in place will ensure that you don't face any surprises in your next bank statement. If you haven't opened a checking or savings account yet, learn more about City Bank's feature-packed personal banking solutions now.
November 30, 2018, 9:04 AM
It can be a challenge to successfully build and manage a business. Not everyone is born a natural entrepreneur, but the rewards of being a small business owner still make this one of the most enticing options.
If you're looking to grow your business over the next year and beyond, this starts with better management today. Even if you don't have the biggest budget and largest staff, this is completely possible. Here are several tips to better manage your small business and set it up for continued growth.
Use Project Management Tools
Every small business endeavor is a series of "projects," whether it be the launch of a new product, an office move, or the implementation of new quality control measures.
As a business owner, you can better manage and track these projects using a variety of project management software programs and platforms. Some offer free trials and others, such as Bitrix24 and Freedcamp, are completely free.
Creating an E-Commerce Site
In 2017 alone, U.S. consumers spent more than $446 billion online on retail goods, and that figure is expected to soar to $700 billion by 2022. If your small business isn't selling its products and services online, it is missing a significant opportunity.
For a small investment, you can create a website with an e-commerce platform. Even if you want to save some cash, there are free or low-cost options such as WooCommerce and Shopify.
Boost Your Online Marketing
More and more potential customers are using the internet to influence their purchasing decisions. They look on social media, review sites, and read email messages before pulling out their credit cards or picking up the phone. 78% of consumers in one study said that their purchasing decisions were impacted by a company's social media posts. As a small business owner, it's time to boost your online marketing.
There are social media management platforms, such as Hootsuite, to help you manage these accounts in one place. You can also create an effective email marketing campaign with affordable providers such as Constant Contact or MailChimp.
Don't Ignore Financial Management
More small businesses fail because of financial mismanagement than any other reason. Even if you have the best product or service on the market and the friendliest team, you still need to manage your inventory, cash flow, and take care of Uncle Sam.
If you're not using an online accounting service, it's probably time to start. There are cloud-based solutions for small businesses available such as QuickBooks that can help you manage invoices, payroll, taxes, and periodic reporting to help you stay on track and grow your organization.
Manage Your Future with City Bank
City Bank wants to participate in your company's success, and we invite a discussion about how we can help you achieve your financial goals. We offer a wide range of small business financial tools such as business deposit accounts, treasury management, and commercial lending. If your company is looking for small business funding, contact us at (800) OUR-BANK or come into one of our branches today.
November 27, 2018, 9:17 AM
Temperatures are starting to plummet across the country, and winter weather can have devastating consequences for your home and household budget. Fortunately, you can take some precautions to avoid the inconvenience and expense of winter damage.
Common Winter Weather Issues in Your Home
Property damage and dangerous accidents can occur thanks to extreme winter weather. In 2016 alone, winter storms were the cause of approximately $1 billion in insured losses. Here are some of the most typical winter weather-related risks to your home and how you can address them.
Heavy rain. This can lead to leaky roofs as well as sewer and water backups. To prevent interior flooding, have a sump pump installed with a battery backup. It should also have backflow valves on drains, sewer connections, and toilets.
Ice storms and heavy snow. These can clog gutters and damage roofs, leading to ice dams, water intrusion, and even mold damage. Keep tree branches trimmed that could break due to the heavy weight of ice or snow. Also, clean snow and ice off of roofs and clear out gutters.
Fireplaces and wood-burning stoves. A buildup in a stovepipe or chimney can cause catastrophic structure fires. Keep these cleared out and schedule an annual checkup for both.
Ice buildup on driveways, sidewalks, and outdoor stairs. Slip and falls on ice can lead to injury and a negligence claim on your insurance policy. Keep these areas shoveled and salted, and have them adequately lit for improved visibility.
Overloaded or wrongly placed Christmas trees. While not connected to weather, Christmas trees that are not handled properly cause many injuries and deaths this time of year due to fires. Avoid using frayed lighting, overloading them, or placing them next to heaters.
Exposed pipes. An exposed pipe can freeze, contract, and burst, leading to massive damage inside your home. You should insulate your exposed pipes and shut off outdoor water faucets or the water supply if the weather will be particularly extreme.
What You Need to Know About Insurance
You should have adequate insurance coverage in place to protect your property whether you own or rent your home. You may be able to receive additional discounts on your premiums with a few simple adjustments.
Structural changes. Your insurance policy should reflect changes to the structure that might include a new roof, windows, or other remodeling projects.
Fire prevention. Installing certain modern fire prevention devices might qualify you for premium discounts.
Other vehicles. If you store an RV or boat off-site, ask about limits on coverage under your current policy.
It's always a good idea to update your home inventory annually so that you have an accurate list of the value of your possessions. When your policy renewal data comes up, speak to your agent about any changes and find out if you qualify for additional discounts.
How Can City Bank Help?
At City Bank, we are committed to our customers and want you to have the most useful financial tools and knowledge necessary to help you achieve your financial goals. We offer a wide range of feature-rich personal banking services, including competitive mortgage options. Contact us now with any questions or to get started with establishing your new account.
November 27, 2018, 8:57 AM
As your options for purchasing and banking online grow, so does the need to safeguard your security and privacy while using the internet on your mobile device. Online security protects you from fraudulent intrusion as well as the careless release of your sensitive data.
Sometimes, mobile security is as simple as a frequent review of your bank accounts to ensure that nothing unauthorized has occurred. But there are other things you can do to stay safe in an online environment.
Here are 10 online mobile security tips to help protect your money and your sensitive data.
1. Use strong passwords
A strong password is the first step in mobile security. This is something that can't be easily guessed by either another human or a computer program. The strongest password should have at least eight characters and include letters, numbers, and symbols. Make sure you are using different passwords for your various online accounts.
2. Avoid vulnerable numbers
It's never a good idea to use identifying numbers as part of your password, personal identification number (PIN), or user ID. This includes parts of your Social Security number, birth date, age, or those of loved ones. This is information that someone else could find and use to access your account.
3. Watch for strange emails
Your bank will never send you emails requesting that you send them back sensitive data such as your account information or login details. If you receive emails like this, you can call the bank to verify their legitimacy.
4. Be wary of email attachments
Avoid clicking on email attachments unless you are 100% sure that you know the sender of the message. Attachments can launch virus programs on your mobile device and compromise your sensitive information. Even if a message appears to come from a friend or familiar company, it's always better to use caution with attachments.
5. Watch your online sharing
The more information about yourself you disclose online, the more vulnerable you can become to fraud. Identity thieves are looking for accounts that have plenty of data, so it's a good idea to check your social network privacy settings and curtail your sharing.
6. Pause before you click
When shopping and banking online, you can avoid scams by only using sites that have strong security in place. Look for websites that have an "https" at the beginning instead of just "http." That extra "s" indicates that they have put extra security measures in place.
7. Secure your smartphone
If you shop, access mobile banking, and have any other sensitive data on your smartphone, keep it secure. You can do this by turning on the screen lock function of your phone. After a set period of inactivity, your screen will lock and the phone will ask for a passcode or your fingerprint to be used again.
8. Don't store sensitive data on your phone
Certain sensitive data should not be stored on a mobile device. This includes bank account numbers, PINs, Social Security numbers, and credit card numbers. If you use a mobile banking app, your bank will not display this data on the app.
9. Use caution with apps
10. Update your technology
Mobile devices run on an operating system (generally iOS or Android), and these systems often have security patches in each version. You should not only keep your operating system updated but also consider an additional mobile antivirus program.
City Bank Cares About Your Personal Information
By following these mobile security tips, you can help prevent your sensitive information from getting into the wrong hands. If you suspect that your banking data has been compromised, contact us immediately.
At City Bank, we take your privacy and security seriously. We use a layered approach to help protect your identity and financial accounts. If you have any concerns about mobile security, we're here to answer your questions.
November 14, 2018, 10:13 AM
The end of the year is quickly approaching and it’s time to start thinking about how to end the year on a financial high note. Here’s a checklist to get you started.
1. Max out your IRA and/or Roth IRA contributions. Consider increasing your contributions. Those 50 and older can take advantage of catch-up contributions in some cases.
2. Establish/increase your emergency fund. Consider gifting yourself and/or your family with three to six months’ worth of expenses in the bank. Be sure to make it liquid and easily accessible.
3. Check your Health Savings Account or Flexible Spending Account. Do you need to save more in your HSA? Will you have spent everything in your FSA by the end of the plan year?
4. Confirm/update your beneficiary designations. The designations you make in individual documents (insurance policies, etc.) supersede your will. Make sure you know where your assets will be going.
5. Review life insurance policies and discuss with those who care about you. It’s great to have a policy, but if no one knows where it is or what your wishes are it’s hard to carry it out.
6. Review your current spending and create a budget for the new year.
7. Consider investing in a 529 Plan for your kids. Enrolling early in a 529 Plan can pay dividends in years to come—literally!
8. Review your investments and offset any losses. Consider if profits gained can be offset by some losses to avoid some taxes.
9. Schedule a meeting with your tax advisor.
10. Schedule a meeting with your City Bank financial advisor. Our financial advisors can go with you when you meet with your tax advisor if you need them. Call us today at (806) 687- 2955!