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You are here:Home→Credit Card Reviews→Basic Credit Card Reviews→Citi® Platinum Select® Card


Citi® Platinum Select® Card

  
Written by renxue   
January 21, 2008 14:31

The Citi® Platinum Select® Card was last reviewed on 15th October 2007



citi platinum select card
Summary - The Citi® Platinum Select® Card is a great credit card for those looking for a no-frills card with a low APR and a 0% on purchase deal. Find out more about this card...

Fees - The Citi Platinum Select Card has no annual fee. The APR that you will be charged depends on your credit and could be as low as prime rate plus 1.99%. Citibank uses the average daily balance (including new purchases) to calculate monthly balance. New cardholders get a 0% APR introductory offer for up to 6 or 12 months for both purchase and balance transfers.

Other Benefits - Cardholders also get benefits like Citi Identity Theft Solutions, $0 Liability on unauthorized purchases and Secure, free online account management.

Verdict - We recommend the Citi® Platinum Select® Card to those with good credit and are looking for either (or both) a low APR credit card or one with a 0% offer for purchases.

If you are looking for a credit card to do a balance transfer, Citibank has other cards with identical balance transfer deals, but with no balance transfer fees for the introductory offer. The Citi® Home Rebate Platinum Select® MasterCard® is such a card.

Or you can get the Advanta Platinum BusinessCard with Rewards, which has a 0% balance transfer deal for 15 months. It also has a lower APR at 7.99%. (You do not need a business to apply for this - just use your name as your business and your social security as tax id)

Positives
  • No annual fee
  • Good 0% APR deal for purchases
  • Low APR


    Citi® Platinum Select® Card
    Other Benefits
    Annual account summary
    Automatic bill payments
    Zero Liability on unauthorized purchases
    Free online services
    Cost/Fees/Interest rates
    Introductory rate0% for up to 6 or 12 months for purchases
    0% for up to 6 or 12 months for balance transfer from date of transfer. Account has 12 months for transfer
    Annual FeesNo annual fee
    Purchase APRAs Low as Prime Rate plus 1.99%
    Balance Transfer APRAs Low as Prime Rate plus 1.99%
    Cash Advance APRPrime Rate plus 14.99% min 19.99%
    Penalty/Default RatePrime Rate plus 23.99%, min 28.99%, whichever is greater
    Overdraft Advance Rate13.99% fixed (not available in some states>
    Min Finance Charge$0.50
    Grace Period20 days
    Balance Calculation MethodAverage Daily Balance (including new purchases)
    Balance Transfer fee3% min $5.00
    Other Cash Advance fee3% min $5.00
    Over-the-credit-limit feenone
    Late Payment fee$15.00 up to but not including $100
    $29.00 from $100-$250
    $39.00 for more than $250

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