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Citi Dividend Platinum Select Card

Written by Nickel - 3 Comments

Citi Dividend Platinum Select Visa Card - $100 Cash Back

The Citi Dividend Platinum Select Visa Card- $100 Cash Back offers a 0% introductory APR on purchases and balance transfers for 12 months, though they have a 3% balance transfer fee with a $5 minimum.

This card has the usual rotating quarterly reward categories that you need to enroll to be eligible. You can earn up to 5% cash back from Citi on eligible purchases in rotating select categories with 1% cash back on all other purchases. With the current offer you can get $100 cash back after $500 in purchases within the first 3 months of account opening. However offers can change at any time so be sure to check the card benefits and terms and conditions prior to applying.

There is no annual fee.

You might also want to check out the recent offers from Discover, which includes a 0 percent introductory APR on balance transfers for 18 months.

Disclaimer: Discover is a paid advertiser of this site.
Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.

Published on March 10th, 2011
Modified on January 15th, 2013 - 3 Comments
Filed under: Credit Cards

About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

3 Responses to “Citi Dividend Platinum Select Card”

1
Clare Says:
March 10th, 2011 at 5:48 pm
This card is the worst. I’ve had for almost 8 years, and excellent credit. They’ve increased my APR to 24.99%, and moved the APR calculation from statement ending balance, to purchases.

Stay away from this lure!
2
Newlyfrugal Says:
March 11th, 2011 at 12:16 pm
I think that this Citicard offers 0% APY for 12 months on purchases? I have Citicards and pay in full each month, so the interest rate does not affect me. Even if you don’t do a balance transfer, you can benefit from this card. My strategy is:

1. Get a CC that offers 0% APY on purchases for 12, 15 or 18 months. Put all living expenses on this CC: groceries, gas, utilities, etc. Pay the minimum balance each month one or two days in advance (I do online payments.)

2. Deposit my paycheck into a Rewards Checking Account that pays 4.01% interest (up to $25k.) The money that would have paid for living expenses earns interest for 12, 15, or 18 months.

3. Before the final deadline for 0% APY, I pay the CC bill in full.

4. Apply for another CC which offers 0% APY on purchases. Repeat.

Caveat: this strategy works only if you are disciplined with money and do not spend unnecessarily. You must deposit your paycheck in your Rewards Checking Account so you can earn 4.01% interest and so you have the full payoff amount when the 0% APY ends. Realize that if you make one late payment, the CC company may end your 0% APY (in which case, I would pay off the bill.)

This strategy allowed me to earn thousands of dollars in “free money” from bank account interest, CC bonuses, and CC cashback rebates. I never pay a penny in interest and penalties. I use some of this “free money” to grow more money in the Lending Club, but that is another post.
3
SS Says:
July 17th, 2011 at 10:19 am
Just got a letter from Citibank this week announcing the end of cashback rewards for this card. Laughably, they blame this on ‘federal regulations’. They further insult the consumers intelligence by offering a statement credit of 10% of the INTEREST CHARGES each month you spend $750! Essentially, it works to 10% off your interest rate IF you carry a balance and IF you add $750 each month. Wow, what a deal! This card has now become absolutely worthless for any responsible CC user that pays in full each month. It is also worthless for anyone that carries a balance each month since the APR is ridiculously high compared to many other competing cards. Basically it will soon be one of the worst CCs on the market.

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