City National Bank, with locations mainly in California and Nevada, to its customers (as well as small business credit cards). Below we offer a short summary and review of each card:
- The offers both a low interest rate and a nice rewards program. In terms of rewards, you get 3 points per dollar on gas purchases, 2 points per dollar on restaurant and grocery store purchases, and 1 point per dollar on everything else. Points can be redeemed toward travel or other merchandise rewards. You also get a 12% interest rate, which is a very low rate for any credit card, especially one with a nice rewards program. (See how that 12% interest rate compares favorably to other cards on our Low Interest Credit Cards page.) No annual fee.
- The offers fewer rewards and a higher interest rate than the card above, so it’s difficult to understand why you would want to apply for it. We are guessing that you might be offered this card instead if your credit history is not good enough to qualify for the Visa Signature. This one gives you just one point per dollar in rewards, and the interest rate is 15%. Not a terrible card, but nothing special like the Visa Signature above.
- The is aimed at the frequent traveler. It has a $400 annual fee (though this is waived for the first year) and offers travel perks like a $250 airline purchase reimbursement, airport lounge access, including guests, trip cancellation insurance, and hotel perks like free upgrades and late checkout. It also has a rewards program that gives you 3 points per dollar on many travel and dining purchases, and 1 point per dollar on all other purchases. The perks are nice, but the $400 annual fee is hefty if you aren’t a frequent traveler.