Citi® mtvU™ Platinum Select® Visa® Card for College Students Review

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 rewards 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 variable interest rate for purchases and balance transfers is above average for a student card. However, there is a 0% APR on purchases for 7 months, if you qualify, based on your application and credit history (a rare benefit for a student credit card).

The card provides platinum cardholder benefits that include 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.