Save for College With the Citi Upromise Card

One among the largest banks in the world, the Citibank credit cards are used by different categories of people all over world for their various needs.

The Citi Upromise Card, a joint effort of the Upromise network and the Citibank, promises to let you save for future college expenses. The Upromise network is a free service network including a number of companies that helps cardholders save for college through their everyday purchases.

The promise is fulfilled by each member of the network, with every retailer offering you back a percent of all your eligible expenses towards college contributions and expenses. This way the returned money (which goes to your Upromise account) will be no less than an investment in some tax-advantaged college savings account or program.

This is not all. Citibank further returns an extra 1% of all your spending to your Citi Upromise Card account. Moreover, on shopping with the merchants who are a part of the Upromise network, the cardholder will get a good 10% of his/her purchase back, which will be added to the Upromise account.

Other Benefits

The Citi Upromise Card charges no annual fee. It has an appealing 0% introductory rate on balance transfers for 12 months. The regular interest rate of 14.24% is low in comparison to the other reward cards available.

Knowing that it is quite difficult to wait for the rewards (which a cardholder gets to enjoy quite late) as in a college savings rewards program, the card makes provision for some immediate rewards such as a 2% savings on gas through Mobile and Exxon.

Being a platinum level credit card, the Citi Upromise Card permits you to receive all the benefits of a platinum credit card. Citi cards are famous for its security options, even facilitating you to have your personal photo on the face of the card. Further, you are also not liable for any unauthorized purchases, which are made with the credit card in the event your card is stolen or lost or in cases of identity theft.

You can avail of the Citi Upromise Cards’ Rewards Programs without having to pay any annual fee. The convenient automatic bill payments allow you to pay all your monthly bills, without buying any postage or writing a check.

Perks

Like most of the other credit cards, the Citi Upromise Card also offers the cardholder a number of Internet account related services, a maximum of $1000000 in travel accident insurance, lost luggage assistance and medical and legal referral services.

The card also offers emergency card and cash replacement, many emergency and travel assistance services, financial statements at the end of the year and many more facilities.

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Applied for Citibank mtvU credit card, they want documentation?

Hi! Two questions. First, I applied for a Citibank mtvU credit card for college students, having never had a credit card before, and got an email a couple days later asking for a copy of my student ID, tuition bill paid, phone bill, and utility bill, and if the phone bill isn't in my name, then a bank statement in my name/address. The first two I can do, no problem, but the phone bill and utility bill I can't because I live on campus and don't own a phone. I could technically ask my mom for those, but I would rather avoid a fight if I ca.

So one: Do you think I can just send in my bank statement with my name/address right (and the first two) or must I somehow do something about the phone and utility bill.

Two: they said if they don't receive it within 30 days, the application will be considered withdrawn. If I just let it go, would having applied hurt my credit score (and would the withdrawn be seen as a rejection)? And if so, should I apply for a different one soon after?
How do I show them I'm employed?

Answer
They are just looking for signs of financial responsibility since you are not currently employed. Closing the application will not effect your credit rating. Multiple checks on your credit rating will though, so don't apply to too many of them. If you are a full time student, one is probably all you can handle right now anyway.