The Citi® mtvU™ Platinum Select® Visa® Card for College Students, issued by Citibank, is a credit card designed specifically for students and offers a unique reward program that awards students for using credit wisely and for receiving good grades.
Through the reward program, cardholders earn one point for general purchases and five points for every dollar spent at restaurants, bookstores, record stores, movie theaters, and video rentals. The program also awards 25 points when payments are made on time and spending does not surpass the credit limit. Twice per year, anywhere between 250 and 2,000 points may be awarded dependent on the student's GPA (beginning at 2.5). These points can be redeemed for gift cards, CDs, a VIP mtvU Spring Break Pass, tickets to the MTV Video Music Awards, and airline tickets. There is a 75,000 yearly limit to the number of points that may be earned, and points expire in five years.
This card has no annual fee, but the interest rate for purchases and balance transfers is above average for a student card. However, there is a 0% introductory rate that applies to all transactions for the first six months (a rare benefit for a student credit card).
It is important to understand that there is a minimum cap of 19.99% for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
The card provides platinum cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services. Cardholders also receive a 10% discount on purchases made at the MTV online store and at the MTV New York City Store.
Therefore, students who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to take advantage of the reward program will benefit most from what the Citi® mtvU™ Platinum Select® Visa® Card for College Students has to offer.
This review was updated 2008-05-29T00:00:00.0000000-07:00
| Type Of Rewards: |
Point |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Terms and
Conditions for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
n/app |
| Highest Possible Rebate: |
n/app |
| Additional Rebates: |
n/app |
| Rebate Details: |
n/app |
For Cards with Point Incentives
| Points Per Dollar Spent: |
1 Point |
| Additional Points: |
Earn 5 points per dollar for purchases made at restaurants, bookstores, record stores, movie theaters, and video rentals; earn 1 point per dollar for all other purchases; earn 25 points when payments are paid on time and spending is not over the credit limit; and earn between 250 and 2,000 points twice a year dependent on the cardholder's GPA (beginning at 2.5). |
| Point Details: |
Points can be redeemed for gift cards, merchandise, travel, VIP passes to mtvU's Spring Break, and tickets to the MTV Video Music Awards. |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: 5 Years
Annual Limit: 75,000 Points
Additional Credit Card Perks
Various Internet account related services.
Identity theft solutions.
Automatic bill payments.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
No liability for unauthorized purchases.
Fraud and security protection services.
Year-end financial statement (upon request).
Up to $1,000,000 in travel accident insurance.
Auto rental insurance.
Various travel and emergency assistance services.
Medical referral services.
Legal referral services.
Lost luggage assistance.
Discounts on auto rentals.
10% discount on purchases made at the MTV online store and the MTV New York City Store.
Access to credit education tips and tools.
See website for additional benefits.
Special Notations about the Citi® mtvU™ Platinum Select® Visa® Card for College Students
No minimum income or co-signer required to activate an account.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's
Terms and
Conditions before applying!
