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Review of Citi Dividend Platinum Select Card
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| Written by renxue
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| January 21, 2008 13:16
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The Citi Dividend Platinum Select Card was last reviewed on 10th November 2007The Citi Dividend Platinum Select Card is a cash rebate credit card that pays 2% rebates on purchases made at standalone supermarket, gasoline stations, drug stores, convenience stores and utilities (including cable). Let us look at this card in more detail.
Rebate Formula - The Citi® Dividend Platinum Select® Card has a simple formula that pays a 2% rebate on purchases from standalone supermarkets, gas stations and drugstores, convenience stores and utilities. You can 1% rebate on other purchases. You can earn up to $300 rebates in a year. Purchases from Citi's Dividend Merchant Network are exempt from this cap. If you hit your $300 limit, you can always get another identical card from Citi. You can redeem your cash rebates in $50 denominations. You have to request your rebate checks yourself.
As an incentive, you will receive a 5% cash back at gas stations, supermarkets, drugstores, convenience stores, utilities including cable for 6 months. Thereafter, it reverts to the normal 2% rebate for these items.
Annual Fee and APR - There is no annual fee. The apr is prime rate plus 5.49%. The Citi Dividend Platinum Select Card uses the average daily balance method (including new purchases) of calculating your monthly balance.
Balance Transfer Deal - You get an introductory apr offer of 0% on balance transfers for 12 months from the date of transfer, not from account opening as long as the transfer is made within 12 months. (Note that you have to pay a balance transfer fee). You will earn rebates ($5.00) for each $1,500 of balance transfer you make.
Verdict - The Citi® Dividend Platinum Select® Card pays more than the standard 1% rebates that most cash back credit cards pay. It is the only card that pays 2% on convenient stores and utilities expenses. To see if this is the best cash back credit card for you, use our Cash Back Credit Card Calculator
Positives
Earn 2% on purchases from standalone supermarkets, gas stations, drugstores, convenience stores and utilities No annual fee Low APR
| Citi Dividend Platinum select Card | | Reward Benefits | | Rebate Percentages | Earn 2% on purchases at supermarkets, gas stations, drugstores, convenience stores and utilities
Earn up to 1% cash reward all other purchases
Earn 1% on cash advances and cash convenience checks billed at standard cash advance rate
Earn 5 dividend dollars for each balance transfer checks of $1500 or greater | | Caps on Rewards | 300 dividend dollars per year
Purchases made through Citi Dividend Merchant Network are not subject to $300 limit | | Travel and Insurance Benefits | Up to $1,000,000 Automatic Travel Accident Insurance
Auto Rental Insurance
Travel and Emergency Assistance
Discount from Hertz | | Other Benefits | Zero liability on unauthorized purchases
Retail protection service
Lost wallet service
24/7 customer service | | Cost/Fees/Interest rates | | Introductory rate | 0% introductory APR on balance transfers for first 12 months from date of transfer | | Annual Fees | No anual fee | | Purchase APR | Prime Rate plus 5.49% | | Balance Transfer APR | Prime Rate plus 5.49% | | Cash Advance APR | Prime Rate plus 14.99% | | Penalty/Default Rate APR | Prime Rate plus 23.99% | | Min Finance Charge | $0.50 | | Grace Period | 20 days | | Balance Calculation Method | Average Daily Balance (including new purchases) | | Balance Transfer Fee | 3%, min $5.00, max $250.00 | | Cash Advance fee | 3% min $5.00 | | Over-the-credit-limit fee | $39.00 | | Late Payment fee | $15.00 - up to $100
$29.00 - $100 up to $250
$39.00 - $250 and greater |
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