Citi Platinum Select Card
Written by travelwell on March 9th, 2008Citibank offers a family of credit cards including the popular Citi Platinum Select Card. We offer a review of 25 Citi credit cards at our sister website LifeCreditCards.Com You may also compare credit cards at LifeCreditCards.Com with up to three credit cards being compared side by side.
The Citi® Platinum Select® Card, issued by Citibank, is designed for those with good credit who would like to take advantage of the various standard services and benefits provided by Citibank.
The Citi Platium Select Card has a reasonable interest rate for purchases and balance transfers, no annual fee, and an attractive 0% introductory rate that can be applied toward purchases and balance transfers for up to twelve months.
It is important to note that there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
The Citi Platinum Select Card does provide several platinum cardholder benefits that include auto rental insurance, fraud protection services, and up to $1,000,000 in travel accident insurance. However, there are no extraordinary benefits or services specifically available to cardholders in comparison to some other platinum credit cards.
Citi Platinum Credit Card Terms and Conditions:
The Length of your introductory period will be 0.0% for 12 months from the date of cardmembership on purchases and balance transfers or 0.0% for 6 months from the date of cardmembership for balance transfers and purchases depending on our review of your application and credit history.
After the promotional period ends, the standard variable purchase APR will be applied to any unpaid purchase and balance transfer balances. As of February 2, 2008, the standard variable APR for purchases is either 7.99% Rate 1, 10.99% Rate 2 or 12.99% Rate 3 in that order based on the Citibank review of your application and credit history.
The standard APR for cash advances is a variable 20.99%. However, if you default under any Card Agreement that you have with Citi, we may automatically increase the rate on all balances (including any promotional balances) to a variable default rate of 29.99%. The minimum finance charge is $.50. Foreign purchase transaction fee is 3.0% of the purchase amount after its conversion into U.S. dollars. The transaction fee for cash advances is 3.0% of each cash advance, minimum $5. The transaction fee for balance transfers is 3.0% of the amount of each balance transfer, $5 minimum.
Therefore, those who plan to take advantage of the introductory offers and the services provided by the Citi Platinum Select Card will benefit most from what the Citi® Platinum Select® Card has to offer. Of course, as with any credit card, you must be careful to make your payments on time and to avoid credit card default situations.
Most Attractive Feature(s): Long term 0% introductory rate; reasonable APR for purchases; no annual fee.
For additional information, to compare the Citi Platinum Select Card with other credit cards, and to apply for your Citi credit card online visit our sister site LifeCreditCards.Com
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Tags: Citi, Citi credit card, Citibank, Citibank credit card
