This Citi Student credit card is a platinum card, therefore it has been designed for those college students who have already accumulated a good credit standing. There are not very many college students who have had the chance to build a good credit history, but if this sounds like you than you are eligible for a great deal of astounding benefits.
Keep in mind that this credit card does offer higher interest rates than most other student credit cards but it does not charge you an annual fee. Therefore, depending on how high the interest rates are these fees even out for the card holder. The Citi Student credit card offers a very rare benefit for a student card, 0% interest on ALL transactions for the first six months of owning the card. This is a benefit that is unheard of for a student card but incredibly useful for the students. The downside is that there is a cap on money advances of 19.99%. No matter what the prime rates are this is the lowest the interest rates on cash advances can reach. This therefore limits the attempt of any college student to try and make cash advance.
Citi Student Credit card offers the students the same standard benefits that they offer every one of their card holders.
• Discounts on selected merchants and retailers
• $1,000,000 in travel accident insurance
• Auto rental insurance
• Fraud protection services
• A large variety of other emergency travel services
If you are a student who can afford to pay their visa bills each month than the rewards are waiting for you with this Citi Student Credit Card. As a student now is the time to take advantage of these great credit card savings and bonuses. Many other credit cards charge high interest fees, annual fees and more. As a student you are able to save on these disadvantages with the Citi Student credit card.
To obtain the Citi Student Credit Card application, Joshua Shapiro recommends Find Credit Cards. See http://www.findcreditcards.org/card/citi-platinum-select-card-for-college-students.php for more information.
Which credit card, if any, should I close?
Okay so I have 4 credit cards.
Visa 18% student card since 2007
Visa 9% since 2007
Mastercard 9% since 2009
Best Buy 0-22% Since 2008
I don't use the Visa with 18%. I do use the Best Buy card because it offers 0% on purchases if paid within a certain amount of time. Should I close any of the accounts or some of them. My credit score is a 687.
Answer
Part of a credit score is determined by the length of history, so it's best not to close the oldest account. Another part is determined by the credit to limit ratio, which means the account balance vs the credit limit. It's recommended to keep the balance below 30% of the credit line. Closing an account will mean lowering your credit limit and could decrease your credit score. I agree with the others, pay them off and use them occasionally for small purchases to keep them active. The interest rate won't matter if the full balance is paid at the end of each month.
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