The Citi® Platinum Select® Card for College Students, issued by Citibank, is designed for those students who have a somewhat established credit history as this is a platinum credit card.
The interest rate for purchases and balance transfers is above average for a student credit card, but there is no annual fee. Cardholders will also be able to take advantage of a 0% introductory rate that applies to all transactions for the first six months of membership (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.
As with many Citibank platinum credit cards, cardholders can expect access to a variety of benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, fraud protection services, and various travel and emergency assistance services. In addition, the card offers students special discounts at select merchants and retailers.
Therefore, students who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to take advantage of the student-related discounts will benefit most from what the Citi® Platinum Select® Card for College Students has to offer.
Most Attractive Feature(s) : 0% introductory rate for all transactions; student-related discounts; no annual fee.
Least Attractive Feature(s) : Minimum APR cap for cash advances.
Updated: July 5, 2006
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