| Citi® Driver´s Edge® Card for College Students |
| Written by renxue |
| April 22, 2008 16:05 |
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Citi® Driver´s Edge® Card for College Students Issued by Citibank. CREDIT CARD REVIEW
 | This review was last updated on 1/11/2008 12:00:00 AM | Overall Rating: 3.5
Ratings are on a scale of 1 to 5 based on customers who successfully applied for this card. | | The Citi® Driver's Edge® Card for College Students, issued by Citibank, is designed for students who are planning on purchasing a new or used car (foreign or domestic) within a five-year period. Through the reward program, cardholders earn a rebate of 3% for purchases made at supermarkets, drugstores, and gas stations. All other purchases earn a 1% rebate. Cardholders can also earn Drive Rebates at a rate of $0.01 per mile driven. Up to $1,000 in rebates can be earned toward a vehicle during any twelve consecutive months, and any unused rebates expire in five years. The maximum amount of rebates that can be redeemed is $5,000 per vehicle. Rebates can also be used for the payment of maintenance, service, or repair performed on a vehicle. Rebates can also be converted into ThankYou(SM) Points and redeemed through the ThankYou(SM) Network. This card has no annual fee and a 0% introductory rate that applies to all transactions for the first six months (which is a rare benefit for a student card). However, this card does have an above average interest rate for purchases and balance transfers. There is also a minimum cap of 19.99% for cash advances. Therefore, 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. This card offers students a variety of benefits and services provided by Citibank, such as auto rental insurance, various security features, and up to $1,000,000 in travel accident insurance. Therefore, those students who plan to take advantage of the rebate program, plan on driving long distances (to earn additional Drive Rebates), and can afford to pay in full each month once the introductory rate expires (to avoid finance charges) will benefit most from what the Citi® Driver's Edge® Card for College Students has to offer. | | |
REWARD PROGRAM INFORMATION
 | Type Of Rewards: Rebate | Reward Program Optional: No
Optional programs may have a fee. See Terms and Conditions for details. | | | | For Cards with Rebates Incentives | | Lowest Possible Rebate: 1% | | Highest Possible Rebate: 3% | | Additional Rebates: Earn a 3% cash back rebate on purchases made at supermarkets, gas stations, and drugstores. Earn a 1% cash back rebate on all other purchases. Cardholders also earn Drive Rebates at the rate of $0.01 per mile driven. | | Rebate Details: Rebates can be redeemed towards the purchase or lease of a used or new car. Rebates can also be used towards maintenance, service, or repair performed on a vehicle (card must be used to pay for these services). The maximum amount of Drive Rebates that can be earned is $500 per year; however, the total amount of rebates that can be earned on this card per year may not exceed $1,000. | | | | For Cards with Points Incentives | | Points Per Dollar Spent: n/app | | Additional Points: n/app | | Point Details: n/app | | | | For Cards with Miles Incentives | | Miles Per Dollar Spent: n/app | | Additional Miles: n/app | | Program Details: n/app | | | Rewards Expiration Period: 5 Years (Rebates will automatically expire if no transactions are made for 12 consecutive months.)
This period applies to all rebate, point and reward programs. | | Annual Limit: Up to $1,000 in rebates toward a vehicle during any 12 consecutive months (The rebate maximum which can be redeemed on any vehicle purchased or leased is $5,000.) | | |
ADDITIONAL PERKS
 | Various Internet account related services. Build your credit history. Free online account management. $0 liability on unauthorized purchases. Identity theft solutions. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. Automatic bill payments. Fraud and security protection services. Optional personal photo on card. 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. Access to credit education tips and tools. See website for additional benefits. |
BASIC INFORMATION
 | Introductory Rate: 0% APR for 6 Months | | Rate Applied To: Purchases, Balance Transfers, Cash Advances | | Additional Details: The introductory rate is available for all transactions. | | Regular APR: 17.24% | Variable or Fixed: Variable
Variable APR's are based on the Prime Rate. | | Annual Fee: $0 | | Annual Fee Details: None | | Application Fee: n/app | | Participation Fee: n/app | | Reload Fee: n/app | | Inactive Fee: n/app | | Total First Year Fees: n/app | | Type Of Rewards: Rebate | | Be sure to read the card's Terms and Conditions for more details. |
Special Notations:
The minimum APR for cash advances is 19.99%. See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's Terms and Conditions before applying! |
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