The Citi Dividend Platinum Select Card 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 1% cash back rebate on all purchases made with the card with a yearly rebate limit of $300. In addition, 2% will be awarded on purchases made at supermarkets, gas stations, and drugstores. "Dividend Dollar" checks are sent out once the minimum of $50 Dividend Dollars has been earned, so cardholders would potentially only need to spend $1,000 on the card before seeing their first cash rebate check if the $1,000 is spent at select locations which earn cardholders the full 5%.

The card has a reasonably low interest rate for purchases (for a reward card), no annual fee, and an attractive twelve-month introductory rate that can be applied towards balance transfers. 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 does provide 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 spend over $5,000 a year on the card (to earn the minimum cash rebate) and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Citi Dividend Platinum Select Card has to offer.

 
Please be sure to read the issuer's Terms and Conditions