Citi® mtvU™ Platinum Select® Visa® Card for College Students
Card issued by Citibank
Most Attractive Feature: 0% introductory rate for all transactions; student-related discounts; no annual fee; additional points earned for maintaining good grades and paying in a timely manner.
Apply online for this card or
read on for a full review of all the features.
The Citi® mtvU™ Platinum Select® Visa® Card for College Students, issued by Citibank, is a credit card designed specifically for students and offers a unique reward program that awards students for using credit wisely and for receiving good grades.
Through the reward program, cardhol_ders earn one point for gene ral purchases and five points for every dollar spent at restaurants, bookstores, record stores, movie theaters, and video rentals. The program also awards 25 points when payments are made on time and spending does not surpass the credit limit. Twice per year, anywhere between 250 and 2,000 points may be awarded dependent on the student's GPA (beginning at 2.5). These points can be redeemed for gift cards, CDs, a VIP mtvU Spring Break Pass, tickets to the MTV Video Music Awards, and airline tickets. There is a 75,000 yearly limit to the number of points that may be earned, and points expire in five years.
This card has no annual fee, but the interest rate for purchases and balance transfers is above average for a student card. However, there is a 0% introductory rate that applies to all transactions for the first six months (a rare benefit for a student credit card).
It is import ant to understand that there is a minimum cap of 15.74% for cash ad vances; so no matter how low the Prime Rate falls (the Annual Percentage Rate (APR) is tied to the Prime Rate), the interest rate will not go below the minimum cap.
The card provides platinum cardhol_der benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services. Cardholders also receive a 10% discount on purchases made at the MTV online store and at the MTV New York City Store.
Therefore, students who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to take advantage of the reward program will benefit most from what the Citi® mtvU™ Platinum Select® Visa® Card for College Students has to offer.
Note: We strongly suggest that you carefully read the Terms and Conditions
statement that accompanies the credit card application.
Last Updated May 5, 2008
*Terms and Conditions
