Review of the Citi Dividend Platinum Select Card for College Student
The Citi Dividend Platinum Select Card for College Student was last reviewed on 18th December 2005
Summary - The Citi® Dividend Platinum Select® Visa® Card for College Students, is perhaps the best cash back student credit card. It's key features are
- You earn 5% cash rebates on purchases at standalone supermarkets, gas stations and drugstores
- Earn 1% rebates on cash advances
- Earn 5 Dividend Dollars for any balance transfer above $1,500
- You get a 0% apr on balance transfer for 6 months
Let us look at this card in greater detail.
Rebate FormulaCash - The Citi Dividend Platinum Select Card for collge student allows you to earn a 5% cash rebate on "everyday purchases items", defined as purchases from standalone supermarkets, gas stations and drugstores. You earn 1% rebate on other purchase. Unlike most other cash rebate credit cards, you can also earn cash rebates on any cash advance that you make (at 1%). Off course, you will be charged the cash advance apr for doing so. You can also earn 5 Dividend Dollars when you make a balance transfer of $1,500 or more to the card. You are allowed to earn up to $300 in annual cash rebates. However, any purchase that you make from merchants belonging to the Citi Dividend Merchant Network will not count towards the $300 cap.
Fees - There is no annual fee for this card. The apr is prime rate plus 9.99%. You get an introductory 0% apr for balance transfers for 6 months. As mentioned earlier, you will earn 5 Dividend Dollars if you make a balance transfer of $1,500 or more. The average daily balance method (including new purchases) is used to calculate monthly balances.
Other benefits - As with all other Citibank credit cards, you will be able to make payments and manage your accounts online, enroll in automatic payments, get 24/7 customer support and get zero liability protection for any unauthorized purchases.
Conclusion - We recommend the Citi® Dividend Platinum Select® Visa® Card for College Students to the college student looking for a cash back credit card. This is in our opinion the best cash rebate credit card available to the college student as it is the only one we know that allows you to get a 5% rebate on "everyday purchases". This card is on our Editor's Choice List.
- Earn 5% rebates on "everyday purchases"
- Earn rebates on cash advance and balance transfer (above $1,500)
- 0% apr for 6 months on balance transfers
|Citi Dividend Platinum Select Card for college students
||5% rebate on "everyday purchases"
1% rebate on "other purchases"
1% rebate on cash advances
5 Dividend Dollars for balance transfers above $1,500
|Caps on Rebate
||$300 a year
Purchases made at merchants belonging to the Citi Dividend Merchants Network are not counted in the $300 cap
||0% APR on balance transfers for 6 months
||No annual fee
||Prime Rate plus 9.99%
|Balance Transfer APR
||Prime Rate plus 9.99%
|Cash Advance APR
||Prime Rate plus 14.99%, min 19.99%
||Prime Rate plus 23.99%
|Min Finance Charge
|Balance Calculation Method
||Average Daily Balance (including new purchases)
|Balance Transfer Fee
||3%, min $5.00, max $75.00
No balance transfer fee for introductory offer
|Cash Advance fee
||3% ,min $5.00
|Late Payment fee
||$15.00 - less than $100
$29.00 - $100 to $1000
$39.00 - $1000 and above
Apply for the Citi® Dividend Platinum Select® Visa® Card for College Students
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