Comparison Site for Great Credit Card Offers

July 10, 2005 12:14 AM

The card offers several platinum benefits and services provided by Citibank, such as travel accident insurance and various security and fraud protection features. However, it is the reward program that proves to be the best benefit available to cardholders.

Through the reward program, cardholders earn a 1% cash back rebate on all purchases made with the card with a yearly rebate limit of $300. In addition, up to 5% will be awarded on purchases made at supermarkets, gas stations, and drugstores. “Dividend Dollar” checks are sent out in increments of $50.

This card has no annual fee and an above average interest rate for purchases (for a student card). In addition, there is a 0% introductory rate that applies to all transactions for the first six months (a rare benefit for a student credit card). However, 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, students who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to spend enough to take advantage of the rebate program will benefit most from what the Citi® Dividend Platinum Select® Card for College Students has to offer.

Those who plan to spend less on the credit card or plan to carry a revolving balance may want to consider a credit card with a lower interest rate.