June 26, 2006
Citi Student Credit Card – Is it really good?
Here is one credit card that a student would always want to have. Not only does it give the student the sense of power that a credit card brings with it, but also helps instill good and wise spending habits.
This card goes by the name of ‘Citi Platinum Select Card’ and is ideally suited for young adults since they can have it despite not having a credit history. They do not have to pay annual fees and can enjoy the cash back reward program. They can get back cash up to 5% for purchases made at supermarkets, drugstores and participating merchant partners. Cash rebates are issued through $50 checks with rebates for general purchases are limited to $300 a year. And the card holders enjoy a 20 day interest free grace period every month.
However they must not ignore the fact that the APR of their card is based on a variable rate with the figure tied to the prime rate. The APR of the student card is also higher than other credit cards. Therefore it is advised that the card holder be wise in using this card!
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