Adjust Text Size

Citi Dividend Platinum Select Visa Card

Written by Nickel - 3 Comments

The Citi® Dividend Platinum Select® Visa® Card offers a 0% introductory APR on purchases and balance transfers for 12 months, though there is a balance transfer fee of 3 percent of each balance transfer; $5 minimum. You can earn $100 cash back after $500 in purchases within the first 3 months of account opening.

This card has rotating quarterly reward categories that you need to enroll to be eligible. You can earn up to 5% cash back from Citi in must-have categories and enrollment each quarter is quick and easy. Earn 1 percent cash back on all other purchases. The total cash back you can earn with the card is $300 per calendar year excluding the $100 cash back with this offer. There is no annual fee.

Offers can change at any time so be sure to check the card benefits and terms and conditions prior to applying.

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.

Published on March 10th, 2011
Modified on March 28th, 2014 - 3 Comments
Filed under: Credit Cards

About the author: 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!

Related articles...

» Citi Bonus Cash Back Reward Categories for Winter 2012 – Plus a $100 Bonus
» Followup: Citi Dividend Platinum Select Card Conversions
» New Citi Dividend Platinum Rewards Promotion
» Citi Dividend Platinum Select Card Conversions?
» Citi Bonus Categories for Fall 2012
» Citi Bonus Cash Back Reward Categories for Summer 2012
» Citi Bonus Cash Back Categories for Fall 2011
» $150 Signup Bonus from Citi ThankYou Preferred Rewards Card

Was this article useful? Please sign up to receive our content via e-mail:

You will receive only the daily updates, and can unsubscribe at anytime.

3 Responses to “Citi Dividend Platinum Select Visa Card”

  1. 1
    Clare Says:

    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. 2
    Newlyfrugal Says:

    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. 3
    SS Says:

    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.

Leave a Reply

Disclaimer...
Because rates and offers from advertisers shown on this website change frequently, please visit referenced sites for current information. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.

FiveCentNickel User Survey