Citi® Upromise® Card

College savings on purchases, everywhere you shop!* Plus 10% EXTRA college savings on 7000+ grocery and drug store items* 0% APR on balance transfers for 12 months+ No annual fee

Review: The Citi® Upromise® Card, issued by Citibank, is designed for those with very good credit who plan to take advantage of the college savings reward program. Upon enrollment in the Citi® Upromise® reward program, cardholders earn a 10% rebate on select purchases of over 7,000 grocery and drugstore items, a 2% rebate on gas purchases at Exxon and Mobil locations, and a 1% rebate on all other purchases. Accrued rebates are invested in a tax-advantaged college savings plan, which is managed by top investment firms. The maximum rebate amount that can be accumulated per year from the 1% college savings is $300. Rebates earned from the 10% college savings on grocery and drugstore items and the 2% college savings on gas purchases are unlimited. Upromise® is a free service that helps cardholders save for college through their everyday purchases. Many reputable companies participating in the Upromise network give cardholders back a portion of their eligible spending as college contributions that they can invest in a tax-advantaged college savings plan. By shopping at these participating companies and using the Citi® Upromise® Card, the cardholder will get the maximum benefit towards college savings. The card has a reasonable interest rate for purchases and balance transfers as compared to other reward cards. In addition, the card has no annual fee, and it offers an attractive 0% long-term introductory rate that can be applied toward balance transfers (with no transfer fees). It is important to note, however, that 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. Cardholders can expect common platinum benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services. This card also offers discounts on various products and services for students at participating merchants and retailers. Therefore, those who plan to take advantage of the introductory offer, would like to participate in a college savings reward program, and will take advantage of the many perks and discounts will benefit most from what the Citi® Upromise® Card has to offer.

Date of Review: 2006-04-08 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. Identity theft solutions. Fraud and security protection services. Automatic bill payments. Year-end financial statement (upon request). No liability for unauthorized transactions. Optional personal photo on card. Up to $1,000,000 in travel accident insurance. Auto rental insurance. Various travel and emergency assistance services. Medical referral services. Legal referral services. Lost luggage assistance. Emergency cash replacement. Emergency card replacement. Lost and stolen card reporting. Discounts on auto rentals. Discounts for students on products and services at participating merchants and retailers. See website for additional benefits.