Citibank is an esteemed company known to offer numerous financial services including various kinds of credit cards with reasonable charges and attractive reward programs. The Citi Driver's Edge Card for College Students, specifically dedicated to college students, walks more or less in the same direction.
This Citi card lends you the opportunity through which you can build your own credit history. It can be an ideal card for you, if you wish to earn rebates on the purchase of a new, leased or used car (any model, whether a domestic-car or a foreign-made car), each time you use the card to make a purchase.
Basic Feature
Coming to the essential features of the Citi Driver's Edge Card, you will find some the following:
? The card offers a 0% introductory APR for first 6 months on balance transfers, purchases, and cash advances . Also the card is annual fee-free
Rewards Program
With the Citi Driver's Edge Card for College Students in your pocket, you have exciting rewards waiting for you. Take a look at the ways through which you can earn them:
? You can earn upto $1000 in rebates toward a vehicle during any twelve consecutive months
? The card offers you 3% rebates at drugstores, gas stations or grocery stores. You will be able to exchange these points while buying a car.
? A rebate of 1% is allowed on all other purchases.
? Rebates are also allowed for the number of miles you drive and the rebates you get are available at a rate of $0.01 per mile driven.
? There is an upper limit of $5000 per vehicle to the rebates that you are allowed to redeem.
? Keep in mind if you do not use your rebates, they expire in five years.
This rewards program with Citi Driver's Edge Card for College Students provides you the much need assistance after graduation when you think of buying a car.
Special Benefits
Apart from the excellent rebates? reward program, the Citi Driver's Edge Card for college students, also allows you good savings by means of 25% discount and free shipping at Peterson's (a leading bookstore and educational/career advisory body).
Other Advantages From The Card
If you have Citi Driver's Edge Card for College Students, you can make your purchases with full confidence as this card offers you the following:
? Online Guarantee ? Your account number is kept in full confidence. If there are some unauthorized online transactions through your card, you will never be held responsible for that.
? Fraud Early Warning Block ? On observing any unusual activity on your card, activities will be temporarily stopped until it is confirmed that you have authorized the charges.
? The Lost Wallet Service ? Your Citibank credit card will be replaced within 24 hours of being lost or stolen and you will also be assisted with emergency cash and helped to recover lost or stolen documents including airline tickets.
? Photocard ? This adds to the security of your card, as your picture and signature lies on the front of your card.
Apart from these facilities, you are also entitled to optional personal photo, upto $1000000 in travel accident insurance, auto rental insurance, various travel and emergency assistance services, along with Legal and Medical referral services.
Credit Card For College Student
Reviewing the major student credit cards, it is easy to see that most are designed to maximize profit from interest and fees charged to the students. The Citi? Dividend Platinum Select? Visa Card for College Students looks to prove friendlier to the college students who use it. Yes, credit cards can be easy to get in trouble with if abused, but when used responsibly, they can really be an asset in the personal finance department.
Does This Credit Card Go Above and Beyond?
The Citi? Dividend Platinum Select? Visa Card for College Students holds its own in several categories. First and foremost, this credit card is known for being relatively easy going when it comes to approving college students. It requires no minimum income and no cosigner, eliminating the hurdles faced by many students.
Reasonable cash back rewards are extended on all purchases, from 1% across the board to all the way up to 5% for supermarket, gas station, convenience store, and utility purchases. Unfortunately, this higher amount is bumped down to 2% after the first 6 months of having this card.
Citi? Dividend Platinum Select? Visa Card for College Students is respectable when it comes to not charging a hefty annual fee. In fact, this card charges no annual fee at all, which used to be practically unheard of for student category credit cards.
What Does the Interest Rate Look Like for this Student Credit Card?
The interest rates are not too bad for the Citi? Dividend Platinum Select? Visa Card for College Students. For regular purchases charged to the card, the rate is right in line with most student credit cards, albeit quite high when compared to premium platinum cards often extended to those with higher incomes and excellent credit ratings.
This card shines the most when using it to transfer balances from higher balance credit cards, offering a zero percent six month introductory rate on the transfers and also having no balance transfer fee. Needless to say, the best regular platinum cards offer all the way up to 15 months with no interest. However, for a student card, 6 months suffices.
For the most responsible of the crowd, the 6 months interest free period on purchases might be a pertinent benefit. But for many college students, this only ends up being a trap. The 6 months goes by fast and any balances remaining at that time will be subject to high interest finance charges.
How Does This Credit Card Fare in the Long Run?
Undeniably, the Citi? Dividend Platinum Select? Visa Card for College Students does have several beneficial features. If the options are limited, this might be a reasonable credit card choice for college students. Otherwise, there are probably better choices out there for the financially savvy, offering even better rewards programs and benefits for those that make charges on a regular basis.
Both Creditwisdom & Scott Stadler are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Creditwisdom has sinced written about articles on various topics from Business Credit Cards, Franchise and American Express Card. Devin Gilliland Provides Expert opinions and reviews to help you Compare - Search. Creditwisdom's top article generates over 14800 views. to your Favourites.
Scott Stadler has sinced written about articles on various topics from Credit Cards, Apply for Credit Card and Credit Cards. Compare the best online and start saving now. Also save money with a. Scott Stadler's top article generates over 14800 views. to your Favourites.
Cheap Ways To Move No matter how large or small your next piano move a piano dolly will safely help make the job easier. It will easily become your best friend too!