Comparison Site for Great Credit Card Offers

June 16, 2005 12:26 PM

Upon enrollment in the Citi® Upromise® reward program, cardholders earn 1% for general purchases and may earn additional rebates through participating retailers and service providers. Accrued rebates are invested in a tax-advantaged college savings plan, which is managed by top investment firms. The maximum rebate amount that can be accumulated per year is $300. Those who would like further details about the program should visit the website.

Cardholders can expect common platinum benefits that include up to $1,000,000 in travel accident insurance, purchase protection, auto rental insurance, car rental discounts, and various travel and emergency assistance services.

The card has a reasonably low interest rate for purchases and balance transfers as compared to other reward cards. In addition, the card has no annual fee and offers an attractive 0% long-term introductory rate that can be applied towards balance transfers (with no transfer fees). It is important to note, however, that there is a minimum cap of 19.99% for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.

Therefore, those who plan to take advantage of the introductory offer and would like to participate in a college savings reward program will benefit most from what the Citi® Upromise® Platinum Select® MasterCard® has to offer.