First Credit

Citi Dividend Platinum Select Card

We would all like to see our money go a little further, or at least to feel like it is not constantly being spent on bills, and it would be nice to sometimes keep some of our hard earned cash in the bank or in our pockets. The Citi Dividend Platinum Select is a fantastic cash back credit card that rewards you for your purchases, and allows you to earn a little money back.

Obviously the best thing to look for in cash back cards is how the rewards scheme is broken down, but often it is very easy to get bogged down in the semantics of what is on offer. With the Citi Dividend Platinum Select the cash back rewards are easy to understand and are set out thusly:

Earn 5% cash back on certain purchases from the retail sector such as supermarkets, petrol stations and drug stores for six months (This is reduced to 1% after the six month introduction)

Earn 1% cash back on all other purchases.

Earn 2% cash back on, This is a rebate on purchases and is implemented on a quarterly rotation. These categories range from groceries to travel.

Some of the basic terms and features offered by the Dividend Platinum Select include:

No annual fee

APR on purchases starting at 5.99%

0% APR on balance transfers for up to 12 months from transfer date

Balance transfer fee will apply

This allows the cardholder to know exactly where they are in terms of cash back and money spent, although a major drawback is that there is a $300 annual cap on the dollars you can earn. So those looking for a higher rewards scheme may want to look elsewhere to fulfill their needs. If you wish to keep on earning while you purchase, it is possible to get an identical card from Citi after you reach the $300 limit.

The Citi Dividend Platinum Select comes with an introductory period of 0% APR on balance transfers, and more importantly purchases. The length of time offered is determined by your credit score; currently the Citicard website states it as seven months, although fifteen months is possible as an introductory period. This makes the Citi Dividend Platinum Select a fantastic option for those looking to make a big purchase within the generous introductory period.

The Citi Dividend Platinum Select comes with some of the blanket features from Citi; including free travel insurance, and free car rental insurance. The traveller is also aided in case of loss, with an emergency card replacement service. There is a 0% charge for unauthorized use, giving the cardholder the peace of mind against fraud.

To sum up, the Citi Dividend Platinum Select is ideal for those looking for a long introductory offer with 0% APR on purchases and cash back. While some may look for more rewards, the Dividend Platinum Select is a great card for keeping track of your rewards while you spend. See also, Citi Platinum Select, Citi Diamond Preferred Rewards Card, Citi Platinum AAdvantage Card, and Citi Diamond Preferred Card.