It’s okay. You can admit that you were sucked in by that 0% introductory interest rate. It happens to the best of us. But what happens when the introductory rate expires, and you’re stuck with rate that skyrockets to 15, 20, or 25%— or (gulp) even higher? Credit card interest rates drain you of your hard earned money. A $20...
|APR, Variable||13.99%-23.99% (Variable)|
|Cash Advance APR||25.24%|
|Intro APR Promotions||0% for 7 months|
Earn bonus cash back each quarter on new must-have categories-like department stores, travel and more, with enrollment.
Earn a FULL 1% cash back on all other purchases.
Free enrollment each quarter for new categories that earn additional cash back.
Identity theft protection
$0 Liability on fraudulent charges
Online Services, including account management, online-only statements, account activity, and faster payments
See card issuer's website for details about terms and conditions of offer.
Good Credit Needed
- No annual fee
- Solid cash-back rewards system
- Additional savings when using Citi's online shopping portal, featuring over 400 retailers
- 3% foreign transaction fee
- $300 yearly cap on cash-back rewards
- Cardholders required to enroll each quarter to receive 5% cash-back on select categories
The Simple Dollar’s Review
Shopping for a credit card when you’re in college can be a particularly difficult endeavor because, having little or no credit history, you’re locked out of many offers. The Citi® Dividend® Card for College Students is a great card to look into if you’re searching for a solid, cash-back rewards card designed specifically for college students. The best thing about this card is, unlike many credit cards for college students, you won’t need a cosigner. Other advantages of the card include no annual fee, 0% introductory APR on purchases for seven months, and 1% cash-back on all purchases, with an additional 5% cash-back on eligible purchases in specific, rotating categories.
Since most college students live on a shoestring budget, cash-back rewards are especially enticing. WIth the Citi® Dividend® Card for College Students, however, it’s important that you stay on top of the quarterly rotating categories to maximize your cash-back rewards. This includes enrolling in the system every three months — an irksome feature of this card — and keeping track of the cash-back categories, which can include groceries, gas, etc. Other disadvantages of this card include a 3% foreign transaction fee (don’t use it when you study abroad!) high standard interest rates, and a $300 yearly cap on cash-back rewards. One thing that does make up for the cap, though, is the Citi Bonus Cash Center, an online shopping portal featuring over 400 retailers. Discounts and rewards through the portal have no caps.
You take that credit card out of your wallet...and hesitate. Does using it put you at the mercy of unscrupulous lending practices or hidden fees? Will you become a victim of fraud, ruining your credit rating for years to come? Although credit cards come with concerns, the good news is that there are laws to protect you as a cardholder;...