Details Of The Citi Upromise Card Application

The Citi Upromise Card, issued by Citibank, is intended for use by those who have very good credit and want to take advantage of its built-in college savings reward program. Enrollment in the Upromise program allows cardholders to earn a 10% rebate on select purchases. With over 7,000 grocery and drugstore items, a 2% rebate on gasoline purchased at Exxon and Mobil, and a 1% rebate on other purchases, your account can quickly build up a nice college fund for the future.

The card has an introductory interest rate of 0% that also applies to any balance transfers and has no annual fee. The introductory rate is good for one year, and is followed by a variable rate of 11.99% on purchases, and a minimum of 19.9% on cash advances. Balance transfers requested after the introductory period are subject to a 3% charge with a minimum of $5 and maximum of $75. Other benefits of the Citi Upromise card include travel accident insurance up to $1000,000, auto rental insurance, and other services related to travel and emergency assistance. It also offers student discounts on selected products and services through participating merchants and retailers.

Participants in the rewards program can expect to receive between 1% and 10% in rebates with a maximum annual rebate of $300 on grocery and drug store items. Gasoline purchases are unlimited. Some of the other extra that a cardholder receives with this card include:

• Access to your account online

• Solutions to identity theft

• Protection from fraud

• Automatic payment of your bill

• A year end financial statement if requested

• No cardholder liability for unauthorized transactions

• Your photo on the card (optional)

• Travel and accident insurance up to $1,000,000

• Insurance for car rental

• Emergency assistance and travel services

• Medical and legal referral services

• Assistance with lost baggage

• Replacement of lost cash

• Emergency replacement of your card

• Reporting of lost and stolen cards

• Auto rental discounts

• Student discounts at participating merchants and retailers

With the rewards program connected to this card, the minor disadvantages are but an inconvenience. What better way to save for college than by using your credit card? It's simple, convenient, and it doesn't have an annual fee.

To obtain the Citi Upromise Card application, Joshua Shapiro recommends Find Credit Cards. See http://www.findcreditcards.org/card/citi-upromise-card.php for more information.

when you make a settlement with a collection agency do they pay the creditor before the debitor pays the agenc

I made a settlement with a collection agency to pay a freinds debt for 1500. Even before the agency receives money from me do the pay the creditor (in my friends case which would be citibank mastercar) first before they receive any money from me/ the debitor (my friend). according to my friends credit card statement his debt was paid but i didnt pay anything to the colelction agency yet...what is going on ....did the agency pay the debt and we are responsible for paying back the agency or did the agency or someone else make a mistake? Please help. Thank you.

Answer
Normally the original creditor charges off delinquent accounts as bad debt. Then sells off groups of bad debt to collection agencies 15 -20 cents on the dollar. The collection agency then tries to collect as much as they can and sells off the uncollected debt to another collection agencies on down the food chain for even less on the dollar, and so on and so on.

In you case, if your friend was still get statements from this credit card, it was not a charged off account. If the statement showed the account paid in full, don't pay anything to that collection agency.

You might want ask that collection agency to validate that they own that debt or have the authority to collect it. You could be the victim of a scam.