Citi® Dividend Platinum Select® Card

Earn 5% Cash Back at Supermarkets, Drugstores and Gas Stations Earn 1% Cash Back Everywhere Else 0% APR on Balance Transfers for 12 Months No Annual Fee

Review: The Citi® Dividend Platinum Select® Card, issued by Citibank, is designed for those with very good credit who plan to take advantage of the cash reward program. Through the reward program, cardholders earn a 5% cash back rebate on purchases made at supermarkets, gas stations, and drugstores, and they earn a 1% cash back rebate on all other purchases as well as on cash advances and convenience check transactions. Cardholders will receive $5 Dividend Dollars for each balance transfer transaction of $1,500 or more. Cardholders can also earn an average of 5% cash back on purchases made through the Citi Dividend Merchant Network. The rebates earned on purchases through the Citi Dividend Merchant Network are unlimited, but the rebates earned on all other purchases are subject to a $300 maximum per year. A $50 check will be issued upon request once $50 Dividend Dollars have been earned. The card has an above average interest rate for purchases, but it does offer an attractive twelve-month introductory rate that can be applied towards balance transfers with no annual fee. 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. The card also provides platinum cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, car rental discounts, and various travel and emergency assistance services. Therefore, those who plan to spend over $5,000 a year on the card (to earn the minimum cash rebate) and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Citi® Dividend Platinum Select® Card has to offer.

Date of Review: 2006-03-31 00:00:00

Notes: The minimum APR for cash advances is 19.99%. See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: Various Internet account related services. No liability for unauthorized transactions. Identity theft solutions. Fraud and security protection services. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. Automatic bill payments. Year-end financial statement (upon request). Up to $1,000,000 in travel accident insurance. Auto rental insurance. Medical referral services. Legal referral services. Lost luggage assistance. Discounts on auto rentals. Optional personal photo on card. See website for additional benefits.