Review of the Citi Platinum Select Card

The Citi Platinum Select Card was last reviewed on 28th June 2006

citi platinum select card
Summary - The Citi Platinum Select Card is a great credit card for those looking for a no-frills card with a low apr and a good balance transfer deal. The apr at prime rate plus 2.99% is one of the lowest around and Citibank probably offers the best 0% introductory offers. Find out more about this card...

Fees - The Citi Platinum Select Card has no annual fee. The apr is very low at prime rate plus 2.99%. Furthermore, unlike many cards, Citibank uses the average daily balance (including new purchases) to calculate monthly balance.

Great 0% APR Deal - Citi offers one of the best 0% introductory apr deals around. Cardholders get a 0% apr on purchases for 12 months from the date of account opening. You also get a 0% apr on balance transfers for 12 months. But unlike most cards, you are allowed 12 months to make your first balance transfer and the 0% offer kicks in on the date of your first transfer and not account opening date. There is also no balance transfer fee on the introductory offer. This is the most flexible balance transfer offer in the market today.

Other Benefits - Cardholders also get benefits like Citi Identity Theft Solutions, $0 Liability on unauthorized purchases and Secure, free online account management.

Verdict - We highly recommend the Citi� Platinum Select� Card to those looking for either a low apr credit card or a good card to transfer an existing balance (or both). It has perhaps the best balance transfer deal in the market and perhaps one of the lowest apr as well.

  • No annual fee
  • Great balance transfer deal
  • low apr

Citi Platinum Select Card
Travel and Insurance Benefits
Up to $1,000,000 Travel Insurance
Auto rental insurance
Travel and Emergency assistance
Discount from Hertz
Other Benefits
Annual account summary
Automatic bill payments
Zero Liability on unauthorized purchases
Free online services
Cost/Fees/Interest rates
Introductory rate 0% for 12 months for purchases
0% for 12 months for balance transfer from date of transfer. Account has 12 months for transfer
Annual Fees No annual fee
Purchase APR Prime Rate plus 2.99%
Balance Transfer APR Prime Rate plus 2.99%
Cash Advance APR Prime Rate plus 14.99% min 19.99%
Penalty/Default Rate Prime Rate plu 23.99%, min 25.99%
Overdraft Advance Rate 13.99% fixed (not available in some states>
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 $50.00
No balance transfer fee for introductory period
Other Cash Advance fee 3% min $5.00
Over-the-credit-limit fee none
Late Payment fee $15.00 up to but not including $100.00
$29.00 from $100-$1000
$39.00 for more than $1000

Apply for the Citi� Platinum Select� Card

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