Tag: financial education credit card

Citi Rewards+„  Student Card: Comprehensive Overview

The Citi Rewards+„  Student Card is an excellent choice for students looking to earn rewards while building their credit history. Issued by Citi, this card caters uniquely to students with a structured rewards program and attractive card features.

Card Type

This card is classified as a student credit card designed specifically for individuals who are enrolled in college or universities. Its focus on financial education and responsible credit use makes it an ideal option for new credit users.

Annual Fee

One of the standout features of the Citi Rewards+„  Student Card is that it comes with no annual fee. This user-friendly aspect ensures that students can utilize the card to build credit without incurring additional costs.

Rewards Program

The rewards program for the Citi Rewards+„  Student Card is structured to maximize benefits for everyday spending. Cardholders earn 2 ThankYou® Points for every dollar spent on dining, including restaurants and fast food, and 1 point per dollar on all other purchases. Moreover, there’s a unique feature that rounds up to the nearest 10 points on every purchase, which means every swipe yields maximum rewards! Points can be redeemed for various items, including statement credits, travel, and gift cards, enhancing the card’s value.

Sign-Up Bonus

New cardholders can take advantage of a lucrative sign-up bonus. By spending $1,500 within the first 3 months of account opening, cardholders can earn 20,000 bonus points. This bonus can be redeemed for $200 in statement credits toward travel purchases, making it an appealing incentive for students planning trips or activities.

APR (Annual Percentage Rate)

The Citi Rewards+„  Student Card offers a competitive regular APR of 15.74% to 25.74%. For new cardholders, there is no introductory APR offer. It is advisable for users to pay off their balances monthly to avoid high-interest charges.

Foreign Transaction Fees

Students who travel abroad will appreciate that this card does not charge any foreign transaction fees. This feature makes it ideal for students studying abroad or those who frequently travel internationally.

Balance Transfer Options

The Citi Rewards+„  Student Card also offers great options for balance transfers. Cardholders can benefit from a 0% APR on balance transfers for the first 15 months (followed by a variable APR of 15.74% to 25.74%). A balance transfer fee of 3% applies for each transfer, making it a viable option for those looking to consolidate debt.

Additional Fees

Beyond standard charges, cardholders should be aware of additional fees associated with the card. Late payment fees can rise up to $40, and cash advance fees are set at either 5% of the cash amount or $10, whichever is higher.

Card Benefits and Perks

The Citi Rewards+„  Student Card includes several valuable benefits such as travel insurance, which provides peace of mind during trips. Furthermore, cardholders can access concierge services, assisting them with travel bookings, dining reservations, and other necessities.

Customer Protections and Insurance

Cardholders will feel secure due to the robust fraud protection policies, which include zero liability on unauthorized purchases. Additionally, the card provides purchase protection for eligible purchases and extends warranties on certain products. Rental car insurance is also available when the card is used to pay for the vehicle rental.

Eligibility and Credit Score Requirements

Students interested in applying for the Citi Rewards+„  Student Card typically need a credit score ranging from fair (580) to good (740+). As this is designed for students, first-time credit users are welcome to apply, making it accessible to a broader audience.

Introductory Offers

Currently, there are no significant introductory APR offers available upon signup. However, the reward structure and sign-up bonus provide enough incentive to make the card attractive to new users.

Special Features or Unique Selling Points

One feature that sets the Citi Rewards+„  Student Card apart from its competitors is the rounding up policy, which provides an additional bonus on every purchase by rounding up purchases to the nearest 10 points. This unique offering allows students to accumulate rewards more quickly than with typical rewards cards.

How to Apply

Students can easily apply for the Citi Rewards+„  Student Card through the official Citi website. The application process is straightforward, and students can complete it online from the comfort of their homes. For more information and to begin the application, visit the link: UpCube.net to make informed financial decisions.