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Citi® mtvUTM Platinum Select® Visa® Card for College Students

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

citi mtvu
Summary - In our opinion, the Citi® mtvUTM 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® mtvUTM 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® mtvUTM 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

  • Earn 5 points for selected purchases
  • Earn points for timely bill payments
  • Earn points for getting a good GPA score
  • No annual fee


  • Citi® mtvUTM Platinum Select® Visa® Card for College Students
    Reward Benefits
    Signing Bonus No signing bonus
    Reward Formula Earn five ThankYou 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
    Earn 1 point for every dollar you spend on other purchases
    Earn 25 points every billing cycle if you make your minimum payments on time and if you are not over the credit limit.
    Earn points for good GPA scores twice a year
    Credit Limits From $500
    Caps on Rewards 75,000 points per year
    Expiration 5 years
    Other Benefits
    Online Account Access
    Automatic Bill Payments
    Dedicated customer service
    Annual Account Summary
    Get 10% discount for purchases at mtv.com or mtv stores in New York City
    Cost/Fees/Interest rates
    Introductory rate 0% apr for 6 months (purchases and balance transfers)
    Annual Fee No annual fee
    Purchase APR Prime Rate plus 13.99%
    Balance Transfer APR Prime Rate plus 13.99%
    Cash Advance APR Prime Rate plus 16.99%, min is 21.99%
    Penalty/Default Rate APR 29.99%
    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 $35.00
    Late Payment fee $15.00 - up to $100
    $29.00 - $100 to $250
    $35.00 - more than $250


    Apply for the Citi® mtvUTM Platinum Select® Visa® Card for College Students










     
     
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