The Citi Dividend Platinum Select Card was last reviewed on 13th May 2008
The 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 as low as prime rate plus 5.99%. 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
up to 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 and will appeal to those who want to get a cash back credit card that pays more than 1% rebates. It is the only card that pays 2% on convenient stores and utilities expenses.
Positives
Earn 2% on purchases from standalone supermarkets, gas stations, drugstores, convenience stores and utilitiesNo annual feeLow 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 up to 12 months from date of transfer |
| Annual Fees |
No annual fee |
| Purchase APR |
As low as Prime Rate plus 5.99% |
| Balance Transfer APR |
As low as Prime Rate plus 5.99% |
| Cash Advance APR |
Prime Rate plus 14.99% |
| Penalty/Default Rate APR |
28.99% |
| 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 |
| 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 |
Apply for the Citi® Dividend Platinum Select® Card
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