The Citi® Platinum Select®/AAdvantage® World MasterCard®, one of several Citi® AAdvantage® credit cards offered by Citibank, is designed for those with very good credit who travel regularly on American Airlines.
Through the reward program, cardholders earn one mile for every dollar spent on the card. Miles can be redeemed for hotel stays, car rentals, and free travel via American Airlines and participating partners. The card has a maximum of 100,000 miles that can be accumulated each year; however, Advantage Executive Platinum®, AAdvantage Platinum®, and AAdvantage Gold® members are excluded from this limit. Miles have no expiration as long as there is account activity at least once every three years.
At first glance, it may be difficult to distinguish between all of the Citi® AAdvantage® credit cards due to their close similarities. This platinum card has minor differences such as it offers 15,000 bonus miles for the first purchase and it has no 'pre-set spending limit', which simply means that cardholders can occasionally exceed their credit limit based on their payment history and credit.
The APR for purchases is above average for a reward card. The annual fee of $85 is slightly high, but it is waived for the first year. In addition, 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.
However, cardholders can expect several platinum benefits such as up to $1,000,000 in travel accident insurance, auto rental insurance, and lost and stolen card reporting. This card also offers cardholders travel to select destinations for reduced miles.
Therefore, those who can afford to pay in full each month (to avoid finance charges), do not plan to spend more than $100,000 on the card a year (due to the yearly limit on miles), and will be able to earn a free ticket within a one-year period (due to the high annual fee after the initial free year) will benefit most from what the Citi® Platinum Select®/AAdvantage® World MasterCard® has to offer.
Updated: July 5, 2006
Most Attractive Feature(s) : Bonus miles; no pre-set spending limit; compatible with airline frequent flyer program.
Least Attractive Feature(s) : Slightly high annual fee; minimum APR cap for cash advances.
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