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Home > Credit Cards > Citi® Dividend Platinum Select® Visa® Card

Citi® Dividend Platinum Select® Visa® Card

Snapshot of Card Features:

  • $100 cash back after $500 in purchases within the first 3 months of account opening
  • 0% Intro APR on Balance Transfers and Purchases for 12 months. After that, the APR will be 12.99%-22.99% based on your creditworthiness*. This APR will vary with the market based on the Prime Rate.
  • Earn 5% cash back at The Home Depot and on Home Furnishing and Home and Garden purchases from 4/1/12 to 6/30/12 when you enroll.
  • Full 1% cash back on all other purchases and eligible cash advances
Intro AprBalance TransferOngoing APRAnnual FeeCredit Needed
0% Intro: 0%
12 months		12.99-22.99% Variable$0Excellent
 

Our Expert Review

Rates & Term Details

Complete Card Details
For the complete terms and conditions, view this card's Schumer Box

What is a Schumer Box?
A Schumer Box includes the following rate and term information for all credit cards:

  • Annual Percentage Rate (APR) for purchases (or interest rate)
  • Other APRs - interest rates for balance transfers, cash advances, default, etc.
  • Variable rate information (if applicable)
  • Grace Period
  • Finance calculation method
  • Finance Charges
  • Annual Fee (if applicable)
  • Other fees - transaction fees, balance transfers, cash advances, late payments, over-limit, etc.

Important
Always read the terms and fees disclosure provided by the credit card issuer on their site before applying. The issuing bank's terms may include more detailed or updated information than presented here.

Notes
*View Citi® Dividend Platinum Select® Visa® Card card rates, fees, rewards and other important information.


Beverly Harzog - August, 2011

With the Citi® Dividend Platinum Select® Visa®, you get an excellent rewards program that gives you cash back on all of your purchases. And as a bonus, if you spend $500 in purchases within the first three months of opening your account, you get $100 cash back.

Benefits

This card is a World Visa®, which comes with extra benefits such as extended price protection, tickets to sought-after sporting events and more.

Rewards

With this program, you earn Dividend Dollars, which you can redeem for cash back. You get 5 percent cash back on rotating categories that change every season (note that you must enroll to qualify for the 5 percent cash back). You get 1 percent cash back on all other purchases. You can earn a maximum of $300 in a calendar year. Earn up to 5 percent additional cash back when you shop at the Citi Bonus Cash Center, which boasts over 400 retailers. Dividend Dollars earned on purchases made through the Citi Bonus Cash Center aren't subject to the $300 annual limit. Your Dividend Dollars don't expire unless you go for 12 months without any purchase activity in your account.

Balance Transfers

This card offers a zero percent introductory APR on balance transfers for 12 months. Note that your balance transfer must be completed within four months from the date of account opening. After the intro APR ends, you get a 12.99 percent, 16.99 percent or 22.99 percent variable APR, depending on your creditworthiness. There's a 3 percent balance transfer fee.

Rates

The Citi® Dividend Platinum Select® Visa® offers a zero percent introductory APR on purchases for 12 months. After that, you get a 12.99 percent, 16.99 percent or 22.99 percent variable APR, depending on your creditworthiness. Cash advances carry a 25.24 percent variable APR and a 5 percent fee. There's no annual fee.

Who Should Apply

Consumers who don't have a bank account or a credit card.

Credit Standing

Consumers who are looking for a credit card with cash back rewards and a zero percent introductory APR on purchases or balance transfers.

Author

Beverly Harzog

About Credit.com's Credit Cards and Prepaid Cards:

You may be able to build, rebuild, or reestablish your credit history by making on time monthly payments to all creditors and by maintaining all your balances under the credit limits. From premium reward cards to accounts that help you rebuild your credit, we have the credit card for you! If your future goals include owning a home, buying a car, owning your own business, or traveling, having a credit card can be an excellent first step. With credit card services from leading issuers like American Express, Bank of America, Capital One, Chase, Citibank, Discover, First PREMIER® Bank, HSBC Bank, IBERIABANK, MasterCard, Simmons First and Visa, you can find the best credit card for you at Credit.com.

The key to success with credit cards is to know how to use them to your advantage and not to get caught up in the traps that lurk behind the benefits. Credit.com offers many kinds of credit card benefits, from airline and gas rewards to cashback cards, and the first step is filling out a credit card application online. You can also apply for specialty credit cards, such as student credit cards or business credit cards. Credit.com also offers credit cards for the United Kingdom and Canada.

In addition to credit cards, Credit.com offers three other card options that can provide excellent choices for people with less-than-perfect credit: Prepaid cards from Mastercard and Visa allow you to load money onto the card and then use it like any other major credit card. They require no credit approval and carry the same fraud protection as the regular cards. But fees can be high, so be sure to shop carefully for a prepaid card.

Secured cards require you to open a bank account and deposit funds in a bank account (security deposit) in case you can't pay the bills. You'll get a major credit card you can use anywhere those types of cards are accepted. Shop carefully for a secured card to avoid costly fees.

Debit Cards issued under the Visa card or Mastercard name can be widely used and carry fraud protection. But if your card number is stolen and used, you'd want to find out immediately. Otherwise, you could bounce checks. One strategy: Have two checking accounts and associate your debit card with the one with the small balance. Just transfer the purchase amount into the account before you buy something with the card.

  

*For complete information, see the terms and conditions on the credit card issuer's web site. Once you click to apply for this card, you will be directed to the issuer's website where you may review the terms and conditions of the card before applying. While Credit.com always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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The Pros and Cons of Prepaid Cards

Prepaid cards offer the convenience of a credit card without the difficult approval process or risk of getting into debt. These cards work a lot like a gift card, you will have to load the account with cash (direct deposit is usually available) before you can use it for a purchase

Prepaid cards are not credit cards; you cannot spend more than the balance you have deposited and you will not be charged interest for your spending. The prepaid account will not be reported to the credit bureaus as a credit card.

Pros:
Cons:

Fees and charges can vary significantly between different prepaid credit card offers. Be sure to read the fee schedule for the prepaid credit card before you apply.


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