Citi® mtvU^TM Platinum Select® Visa® Card for College Students

The Citi® mtvU^TM Platinum Select® Visa® Card for College Students was last reviewed on 29th January 2009

Summary - In our opinion, the Citi® mtvU^TM Platinum Select® Visa® Card for College Students is perhaps the best and most innovative reward student credit card. You not only earn points for purchases, but also for getting good grades and paying your credit card bills on time. You can also use your reward points to reduce your student loan principal. Find out why we like this card.

Reward Formula - The Citi® mtvU^TM Platinum Select® Visa® Card for College Students is the latest and perhaps most innovative student credit card on the market. You earn five points for every dollar you spend on purchases at (1) book stores, (2) record stores, (3) restaurants, including fast food restaurants, (4) motion picture theaters, and (5) video entertainment rental stores. You earn one point for every dollar you spend on other purchases. Aside from this, you can earn 25 points every billing cycle if you pay your minimum payments on time and do not go over your credit limit. Furthermore, you can earn points twice a year if you get good GPA scores (see table below). 

Reward Formula for GPA Score

GPA Score	Points
2.50 - 2.99	250
3.00 - 3.49	500
3.50 - 3.99	750
4.00	2,000

10% at MTV Stores - Cardholders can get a 10% discount at mtvshop.mtv.com and the MTV store in New York City.

Unique Rewards - This card is based on Citibanks' ThankYou Redemption Network reward program, which has both travel and shopping rewards. For this card, you can get a free ticket to MTV Videos Music Award for 30,000 points. You can also use points to reduce your student loan principal.

Fees and Rates - There is no annual fee. The apr is prime rate plus 13.99%. You get a 0% introductory apr for purchases and balance transfers for 6 months.

Other Benefits and Services - You will also get platinum benefits like one million dollars travel accident insurance, auto rental insurance, online account management and Citibanks' 24/7 customer service, annual account summary.

Verdict - The Citi® mtvU^TM Platinum Select® Visa® Card for College Students is a great student credit card. Aside from earning reward points from normal purchases, you are rewarded for good money habits, like paying your bills on time and not going over your credit limit. You are also given points for getting a good GPA score and paying your bills on time. Furthermore, the ThankYou Redemptions Network reward program allows you to use points to reduce your student loan principal. There is no other student rewards with these features on the market.

Positives