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Citi® Dividend Platinum Select® Card Review: |
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The Citi® Dividend Platinum Select® Card, issued by Citibank, is designed for those with very good credit who plan to take advantage of the cash reward program.
Through the reward program, cardholders earn a 5% cash back rebate on purchases made at supermarkets, gas stations, drugstores, convenience stores, and utilities including cable for six months and 2% thereafter, and they earn a 1% cash back rebate on all other purchases as well as on qualifying balance transfers, cash advances, and convenience check transactions. Cardholders will receive $5 Dividend Dollars for each balance transfer transaction of $1,500 or more. Cardholders can earn unlimited cash back by shopping within the Citi® Bonus Cash Center, but the rebates earned on all other purchases are subject to a $300 maximum per year. A $50 check will be issued upon request once $50 Dividend Dollars have been earned.
The card has no annual fee, an average interest rate for purchases, and an interest-free introductory offer on balance transfers for twelve months. 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.
The card also provides platinum cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, car rental discounts, and various travel and emergency assistance services.
Therefore, those who plan to take advantage of the cash back reward program and the introductory rate on balance transfers will benefit most from what the Citi® Dividend Platinum Select® Card has to offer. |
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| (Review Updated: May 05, 2008) |
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