The Citi Dividend Platinum Select Credit Card is a unique line of credit that allows you to earn a cash rebate on purchases you already have to make.
No matter how hard you try to save money and get ahead, it probably seems like as soon as your paycheck hits the bank, it’s divided up and sent off to various bills and used for various activities. Wouldn’t it be nice to keep more of that money in your pocket, where it belongs? Although you might not be able to avoid spending money altogether, there are ways that you can get some of it back, just for using a certain method of payment.
Go through this Citi Dividend Platinum credit card review below and then be sure to check out all of the various credit card reviews and cash back credit cards to find the very best credit card for your personal goals and spending habits.
The Citi Dividend Platinum Select Credit Card Rebate Formula
Many credit cards tell you that you can earn rebates or rewards that can be redeemed for merchandise or travel credits that you really want, but it’s often hard to understand how many points you actually earn for a dollar spent.
The Citi Dividend Platinum Select Credit Card uses a simple rebate formula that provides you with the following cash back benefits:
- 5% cash back at gas stations, supermarkets, drugstores, convenience stores, utilities including cable (for 6 months only)
- 2% rebate on purchases from standalone supermarkets, drugstores, gas stations, convenience stores and utilities (after first 6 months)
- 1% rebate when making other purchases
- Earn up to $300 rebates in a year (purchases from Citi’s Dividend Merchant Network are exempt from this limit)
When a Citi Dividend Platinum Select cardholder hits the $300 limit, it’s possible to get another card that is identical from Citi to keep on earning. Cash rebates can be redeemed in denominations of $50 although rebate checks must be specifically requested by the cardholder.
Fees and Rates for Using the Citi Dividend Platinum Select Credit Card
Although many credit card companies will draw in new customers with claims about low interest rates and no fees, these are often only promotional offers that will expire as soon as the cardholders are used to using the card.
It’s important to know how your rates will fluctuate before you choose the card, so here are the terms for using the Citi Dividend Platinum Select Credit Card:
- No annual fee
- APR on purchases starting at prime rate plus 5.99%
- 0% APR on balance transfers for up to 12 months from transfer date
- Balance transfer fee will apply
Using the Citi Dividend Platinum Select Credit Card Responsibly
Many people get so excited about the rewards they can earn with a card like the Citi Dividend Platinum that they find it easy to make excuses to buy things for which they really don’t have the funds. Keep in mind that rewards can only be redeemed once the purchases have been paid for in full, so be sure to manage your credit responsibly to earn the best rewards. Get started finding the best credit card now!
