Note: The Citi Dividend Platinum Select MasterCard has been replaced with the Citi Dividend Platinum Choose Visa.
Who the Citi Dividend Platinum Pick MasterCard Is For
Men and women who want to earn money rewards on their credit card spending.
Credit Rating Essential
Great to Excellent (700+)
About the Citi Dividend Platinum Pick MasterCard
Rewards earned on purchases, cash advances and balance transfers.
12-month introductory preiod.
High redemption threshold ($ 50).
5% money back on particular categories that rotate each and every 3 months
1% cash back on everything else.
$ 5 money back on individual balance transfers of $ 1,500 or much more.
5% cash back “on typical” on purchases by way of Citi Bonus Money Center.
Introductory rate: % for 12 months on purchases and balance transfers.
Purchases and Balance transfers: 12.99%, 17.99% or 22.99%, based on your credit rating.
Money advances: 25.24%.
Default rate: 29.99%.
No annual fee.
Balance transfer fee: $ five or three%.
Cash advance charge: $ 10 or five%.
Late payment fee: Up to $ 35
Returned payment charge: Up to $ 35.
Citi Dividend Platinum Pick MasterCard Overview
This card seems to have replaced the Citi CashReturns MasterCard. There is no mention of that card on Citi’s web site anymore.
Happily, the Citi Dividend Platinum Pick MasterCard is slightly far more generous than the CashReturns card, which itself had a very good rewards plan. You get a complete 1% money back on all purchases. Furthermore, you can earn 5% money back on purchases in chosen categories that rotate each and every cash advance quarter, like division stores, hotels, etc. But you must sign up in order to get that additional reward.
You can also earn five % back “on typical” if you shop by means of Citi’s Bonus Money Center, which the bank says has far more than 400 merchants. You can also earn $ 5 back on balance transfers of $ 1,500 and up.
There is a $ 300 annual cap on the “Dividend Dollars” you can earn on this card, even though purchases made via Citi’s merchant network are not topic to the cap. Rewards can only be redeemed in increments of $ 50, and you need to request them – Citi won’t send them to you automatically. Rewards will not expire as lengthy as you make at least one particular purchase with the card every single 12 months. However, if the system is terminated you will only have 30 days to request a redemption.
This card also gives an attractive balance transfer choice: % on purchases and balance transfers for 12 months. After that, the APR is 12.99 to 22.99% depending on your credit history. The very same rates apply on purchases.
This card has a far better rewards plan than the a single it replaced. Even so, you would be well advised to maintain an eye on your rewards. If this card gets replaced also, you are going to only have 30 days to redeem your rewards.
Originally posted 2014-01-21 02:48:24.