Citi Dividend Card for College Students Review

The Citi Dividend Card for college students is a cash back rewards card that is geared to help students build up their credit history while rewarding them for using their card.

There are plenty of student cards out there though; creditors realize that there is a blooming market in the form of university and college students who need a credit card, so why should you choose the Citi Dividend card for yourself? What should you know about this credit card?

Check out the benefits you get from the Citi Dividend Card for College Students and apply online now if you want to get benefits like this from your student credit card. Below is a high level review of benefits and a secure link to the application form.

Apply online now!

5 / 5 stars     

Paying Yourself Fantastic Dividends

The Citi Dividend Card for College Students is primarily a cash back credit card. You can earn up to 5% cash back on rotating categories which include things like movies, theme parks, travel, fitness, drugstores and clothing. The 5% cash back comes in quarterly rotating categories, so you do have to keep track of these categories and try to time your major spending for these categories. It helps that the categories make sense for the time of year; for example, you get more travel rewards in the summer. In everything else, you get 1% cash back which isn’t bad.

Unlike many other cash back cards, you can only redeem this card for cash which is useful, but many other cards give you the option of redeeming for other things like gift cards, charitable donations and merchandise, so you may feel like you’re missing out in that aspect. You should also keep in mind that you can only earn a maximum of $300.00/year in the bonus cash back categories (the 5% cash back), which is something of a tight cap. However, any cash back you earn in purchases through the Citi Bonus Cash Center has no cap, so you may be able to make up some of your losses there. The increments come in $50.00 for checks and that is actually quite a bit to wait, particularly if you’re a starving student looking for a $20.00.

What’s kind of cool about this card is that you don’t need a cosigner for it; this is because it’s assumed that this card is being used by students who probably don’t have much of a credit rating yet. The lack of cosigner means this card is a little easier to get than many other ones.

Other perks include travel accident insurance for both you and your spouse if you use your card for flights/travel tickets, auto rental insurance, and extended warranties. These are nice little extras, particularly if you enjoy traveling and you want peace of mind while you do it.

This is definitely a students credit card though; the cap on cash back rewards is tighter than many other cash back rewards cards and you still have to enrol for the different categories every three months (though you’ll get reminders). In one way, it definitely seems a nuisance, but it could also teach some level of organization…? Well, the 5% cash back is nice and if you do online shopping, you can avoid the caps.

Paying Yourself Fantastic Dividends

The Citi Dividend Card for College Students is primarily a cash back credit card. You can earn up to 5% cash back on rotating categories which include things like movies, theme parks, travel, fitness, drugstores and clothing. The 5% cash back comes in quarterly rotating categories, so you do have to keep track of these categories and try to time your major spending for these categories. It helps that the categories make sense for the time of year; for example, you get more travel rewards in the summer. In everything else, you get 1% cash back which isn’t bad.

Unlike many other cash back cards, you can only redeem this card for cash which is useful, but many other cards give you the option of redeeming for other things like gift cards, charitable donations and merchandise, so you may feel like you’re missing out in that aspect. You should also keep in mind that you can only earn a maximum of $300.00/year in the bonus cash back categories (the 5% cash back), which is something of a tight cap. However, any cash back you earn in purchases through the Citi Bonus Cash Center has no cap, so you may be able to make up some of your losses there. The increments come in $50.00 for checks and that is actually quite a bit to wait, particularly if you’re a starving student looking for a $20.00.

What’s kind of cool about this card is that you don’t need a cosigner for it; this is because it’s assumed that this card is being used by students who probably don’t have much of a credit rating yet. The lack of cosigner means this card is a little easier to get than many other ones.

Other perks include travel accident insurance for both you and your spouse if you use your card for flights/travel tickets, auto rental insurance, and extended warranties. These are nice little extras, particularly if you enjoy traveling and you want peace of mind while you do it.

This is definitely a students credit card though; the cap on cash back rewards is tighter than many other cash back rewards cards and you still have to enrol for the different categories every three months (though you’ll get reminders). In one way, it definitely seems a nuisance, but it could also teach some level of organization…? Well, the 5% cash back is nice and if you do online shopping, you can avoid the caps.

Paying for Your Dividends

As a student rewards card, you can expect that this card won’t be quite as affordable as many others, though this card does have its perks in this realm as well. It has no annual fee and enjoys an introductory rate of 0% on purchases for seven months. However, you want to ensure that you don’t go blowing a hole through your budget because once the interest kicks back in again, you’re looking at a rate that of between just under 14% and just under 24% for purchases and over 25% for cash advances. The penalty APR is also a whopping near 30%, so it doesn’t pay to be late! Finally, there is a foreign transaction fee of 3%, so you may want to be careful about taking this card traveling.

Student credit cards tend to be expensive though, so keep that in mind when shopping around. As long as you treat this card responsibly, you shouldn’t get too much in debt and it becomes a good tool for building your credit history so that you’re next card has a much lower APR and better introductory deals.

The Citi Dividend Card for College Students is a fairly basic sort of rewards student credit card. It’s got a nice cash back reward, though you do have to mind it a little to make sure you get as much cash back as possible. It is one of the few student cards with an introductory rate which is a nice perk. On the other hand, the other fees and APR is a little pricey, so mind your card. Overall, this is a solid student rewards card and is worth adding to your financial toolbox.
Because of all the great perks & rewards the Citi Dividend Card for College Students gives you, we are giving this student credit card offer a 5-out-of-5 star rating.

Apply online now for this awesome student credit card!

5 / 5 stars     

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