The Citi ThankYou Preferred Card for College Students is designed for students looking for a decent rewards card that doesn't have an annual fee. It is particularly suited for students who eat out often and spend a lot on entertainment.
- Citi ThankYou Preferred Card for College Students has rates ranging from 14.49% APR to 24.49% APR on purchases and balance transfers, depending on the cardholder's credit.
The Citi ThankYou Preferred Card includes a 7-month 0% APR introductory rate on new purchases (NOT balance transfers). Beware of the 29.99% APR penalty rate, which kicks in when a cardholder is late on a payment. The penalty rate is particularly expensive if you carry a large balance, because it stays with you until the account is closed.
- The Citi ThankYou Preferred Card for College Students has no annual fee and no over-the-limit fee. It does, however, carry a $5 or 4% (whichever is greater) balance transfer fee, a $10 or 5% cash advance fee, and a 3% foreign purchase transaction. Late payments and returned payments incur a $35 fee.
Citi ThankYou Preferred Card for College Students has a points-based rewards program that gives cardholders 2 points for every $1 spent on dining and entertainment and 1 point per $1 spent on all other purchases.
There is no limit on the number of points you can earn and they never expire. Points can be redeemed for gift cards, merchandise, travel rewards or even charitable donations.
Citi ThankYou Preferred Card for College Students gives users a 2,500 signup bonus, if they spend $500 in the first three months of opening an account.
The Citi ThankYou Preferred Card for College Students includes valuable shopping and travel benefits, such as extended warranty on purchases, price rewind when you find a purchase at a lower price, and worldwide car rental insurance. It also lets you choose which date of the month you pay your bill; provides $0 liability on fraudulent charges; grants VIP access to sporting and other entertainment events; and includes a personal concierge service.
The Citi ThankYou Preferred Card for College Students allows students with average credit to qualify for benefits and rewards for which they otherwise wouldn't. For instance, it includes a 7-month 0% APR intro rate, a signup bonus and a generous rewards program without even charging an annual fee. However, the rates are high, particularly if the 29.99% APR penalty rate is triggered, which could be an issue for cardholders who haven't much experience managing credit.
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