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The majority of credit cards would consider it a precondition for applicants to get a credit history by their application are approved. With this, undergraduates may find their options of credit cards quite limited. Nevertheless, the Citi Platinum Select Card for College Students is intended particularly to meet the requirements of students.

There exist no annual fees accrued for this card, though the APR is bigger than the majority of other credit cards. Moreover, the APR is founded on an uneven rate with the number connected with the Prime Rate. On the other hand, there always exist the half-year’s 0% APR (for some balance transfers, and cash advances or purchases) plus a cashback reward plan to rely on.

With the exception of that, the money rebate program provides students with as much as 5% of the quantity used up on purchases that are charged to the credit card. Purchases which are made with the help of the Citi Student card at superstores, drugstores as well as participating merchant partners always are eligible for cash return of 5%. However, lower cash refunds of 1% are appropriate for cash advances as well as check transactions.

So, the disadvantage of this is that money rebates will be given through $50 checks and with rebates for common purchases restricted to $300 per year. Other characteristics of the credit card take in a 20-day grace period every month, which is interest-free, plus a smallest credit limit of at least $500.

Apart from this, interest charges are worked out founded on an average every day balance method however as always, it might not be worthwhile for customers to make some late payments. Besides, accounts can be dealt with online and consumers are given the alternative to pay the bills automatically.