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
  • No annual fee
  • 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.

Positives
  • Earn 5% rebates on "everyday purchases"
  • Earn rebates on cash advance and balance transfer (above $1,500)
  • No annual fee
  • 0% apr for 6 months on balance transfers



Citi Dividend Platinum Select Card for college students
Rebate Formula
Rebate Formula 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
Cost/Fees/Interest rates
Introductory rate 0% APR on balance transfers for 6 months
Annual Fees No annual fee
Purchase APR Prime Rate plus 9.99%
Balance Transfer APR Prime Rate plus 9.99%
Cash Advance APR Prime Rate plus 14.99%, min 19.99%
Penalty/Default Rate Prime Rate plus 23.99%
Min Finance Charge $0.50
Grace Period 20 days
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
Over-the-credit-limit fee $35.00
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

If you already have this card, we appreciate your feedback and review as it will help our readers make better informed credit card decisions. You can post your review here.


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