City National Bank

Founded in 1954, City National Bank offers a number of financial services, including banking, trust, investments, and credit cards.

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The Good

• Competitive interest rates
• Rewards program
• Low late payment fees
• Fraud safeguards

Competitive Interest Rates

Depending on the card, City National Bank offers APRs ranging from 9 to 15 percent*. These rates are very competitive among those offered by other top credit card companies.

Rewards Program

City National Bank excels when it comes to rewards. The company offers a program that allows cardholders to earn points that can be redeemed for flights, hotels, rental cars, gift cards, dining, and merchandise.

Low Late Payment Fees

For each late payment, City National Bank charges a fee of up to $15, which is one of the lowest late payment fees in the industry.

Fraud Safeguards

City National Bank offers fraud protection services to help shield its customers from hackers and thieves. The company embeds each of its cards with EMV chip technology and provides a toll-free emergency number that customers may call in the event of a lost or stolen card.

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The Bad

• Potentially high annual fees
• Foreign transaction fees
• Undisclosed information

Potentially High Annual Fees

City National Bank charges an annual fee of up to $400 per year, depending on the card, which is very high when compared to annual fees charged by other top credit card companies.

Foreign Transaction Fees

Foreign transactions charged to a City National Bank credit card will incur a fee of up to 3 percent, which is one of the steepest fees in the industry.

Undisclosed Information

After looking at City National Bank's website, it is unclear whether or not the company offers free credit score tracking to help its cardholders stay on top of their credit.

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The Bottom Line

City National Bank offers competitive interest rates, a rewards program, low late payment fees, and fraud safeguards. However, the company charges relatively high annual and foreign transaction fees.