|
Additional Details, Terms and Conditions |
| |
| Name | Citi® mtvU™ Platinum Select® Visa® Card for College Students |
|---|
| Most Attractive | Introductory rate; student-related discounts; no annual fee; additional points earned for maintaining good grades and paying in a timely manner. |
|---|
| Least Attractive | Minimum APR cap for cash advances. |
|---|
| Description | 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, cardholders earn one point for general 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 variable interest rate for purchases and balance transfers is above average for a student card. However, there is a 0% APR on purchases for seven months, if you qualify, based on your application and credit history (a rare benefit for a student credit card). The card provides platinum cardholder benefits that include 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. |
|---|
| Short Description | The Citi® mtvU™ Platinum Select® Visa® Card for College Students rewards you for maintaining a high GPA and making your payments on time. You'll earn five points per dollar spent at restaurants, bookstores, record stores, movie theaters, and on video rentals, and you'll earn one point per dollar spent everywhere else. Plus, you'll earn 25 points for making payments on time and up to 2,000 points twice a year depending on your GPA. Points can be redeemed for gift cards, CDs, VIP mtvU Spring Break Passes, tickets to the MTV Video Music Awards, and airline tickets. You'll also get a 10% discount on purchases made at the MTV online store and the MTV New York City Store. This card offers no annual fee and a 0% APR on purchases for 7 months, if you qualify, based on your application and credit history. But the variable rate for purchases is above average after the introductory rate expires. Many platinum benefits and services are provided. |
|---|
| Rating | 4 |
|---|
| Content Updated Date | Feb 10 2011 12:00AM |
|---|
| Bullets | - No Cosigner Required
- Earn 5 ThankYou® Points for Every Dollar You Spend at Restaurants, Bookstores, Record Stores, Movie Theaters, and Video Rental Stores
- Earn 1 ThankYou Point For Every Dollar You Spend on All Other Purchases
- Earn Up to 2000 ThankYou Points Twice a Year for Maintaining a Good GPA
|
|---|
| Category | Student |
|---|
| Card Type | Visa |
|---|
| Introductory Rate Offer | 0% Intro APR for 7 months* |
|---|
| Card Status | Platinum |
|---|
| Introductory APR | 0.00 |
|---|
| Time Period Months or Billing Cycles | 7 |
|---|
| Time Period Type | Months |
|---|
| Intro Applied To | Purchases |
|---|
| Intro Details | 0% Intro APR for 7 Months* on Purchases |
|---|
| Purchase Based on Index | Prime Rate |
|---|
| Purchase Index Value | 3.25 |
|---|
| Margin Rate for Purchases | 10.74 |
|---|
| APR for Purchases Numeric | 13.99 |
|---|
| APR for Purchases | 13.99% - 21.99%* (Variable) |
|---|
| Rate for Purchases is | Variable |
|---|
| Minimum APR for Purchases | No |
|---|
| APR for Purchases Updated | Monthly |
|---|
| Cash Based on Index | Prime Rate |
|---|
| Cash Index Value | 3.25 |
|---|
| Margin Rate for Cash Advances | 21.99 |
|---|
| APR for Cash Advances Numeric | 25.24 |
|---|
| APR for Cash Advances | 25.24% |
|---|
| APR for Cash Advances Updated | Monthly |
|---|
| Method of Computing Balance | Average Daily Balance (including new purchases) |
|---|
| Annual Fee | $0 |
|---|
| Annual Fee for Additional Cardholders | $0 |
|---|
| Annual Fee Details | None |
|---|
| Grace Period | 20 Days (Min.) |
|---|
| Late Payment Fee | $15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over |
|---|
| Over The Limit Fee | $39 |
|---|
| Cash Advance Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater. |
|---|
| Balance Transfer Fee | 3% of each balance transfer; $5 minimum. |
|---|
| Minimum Credit Limit | $500 |
|---|
| Maximum Credit Limit | n/a |
|---|
| Type of Reward | Point |
|---|
| Optional Reward | No |
|---|
| Reward Expiration | 5 Years |
|---|
| Reward Yearly Limit | 75,000 Points |
|---|
| Points per Dollar Spent | 1 Point |
|---|
| Additional Points | Earn 5 points per dollar for purchases made at restaurants, bookstores, record stores, movie theaters, and video rentals; earn 1 point per dollar for all other purchases; earn 25 points when payments are paid on time and spending is not over the credit limit; and earn up to 2,000 points twice a year dependent on the cardholder's GPA (min. 2.5). |
|---|
| Point Details | Points can be redeemed for gift cards, merchandise, travel, VIP passes to mtvU's Spring Break, and tickets to the MTV Video Music Awards. |
|---|
| Additional Perks | Various Internet account related services. Identity theft solutions. Automatic bill payments. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. No liability for unauthorized purchases. Fraud and security protection services. Year-end financial statement (upon request). Auto rental insurance. Various travel and emergency assistance services. Medical referral services. Legal referral services. Lost luggage assistance. Discounts on auto rentals. 10% discount on purchases made at the MTV online store and the MTV New York City Store. Access to credit education tips and tools. See website for additional benefits. |
|---|
| Important Notations | No minimum income or co-signer required to activate an account. See website for complete terms and conditions of card usage and application disclosure. |
|---|
| Credit Rating | Very Good |
|---|
| Card Overall Rating | 3.50 |
|---|
| Card Benefit Rating | 4.00 |
|---|
| | |
|---|
|
| |
