The Citi Dividend Platinum Select Visa Card is included in the list of the best cash back credit cards, and with the latest offer of $100 bonus cash back after making $500 in purchases during the first three months of account opening, it might deserve the top spot.
The Citi Dividend Platinum Select Visa Card offer also includes a top-notch regular cash back rewards program. Cardholders can earn 5 percent cash back every quarter in must-have categories. And right now, the 5 percent category is for purchases at The Home Depot®, home furnishing and home and garden stores from 4/1/14 through 6/30/14. Each quarter, you can enroll to earn additional cash back in popular categories, at which point the 5 percent cash back categories will change, enrollment each quarter is quick and easy. All other purchases will be rewarded with 1 percent cash back. The total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer. See Citi Dividend Card Reward Program Information.
Stepping away from the cash back side of this card, the Citi Dividend Platinum Select Visa Card is also great for anyone looking to make a balance transfer. This card includes a 0% introductory APR on balance transfers and purchases for 12 months, with a balance transfer fee of 3 percent of each balance transfer; $5 minimum. Note that the balance transfer fee also applies with this offer. After you’ve exhausted your introductory period, the balance transfer and purchase APR will vary with the market based on the Prime Rate and the APR is currently 12.99 percent – 22.99 percent variable, depending on your creditworthiness.
The last feature that makes the Citi Dividend Platinum Select Visa Card attractive is the lack of an annual fee*. While this is common among the best cash back credit cards available today, it’s nice to see that cardmembers can own this card free of charge year after year, particularly after the changes in the industry brought on by the Credit CARD Act.
If you are considering this offer, as with any offer, be sure to review the issuers online application for additional information and terms and conditions before you apply Citi® Dividend Platinum Select® Visa® Card. Citi could remove this offer at any time, so take advantage of it while it lasts.
*Click card name link or click card art for application page to see current pricing details (rates, fees, rewards, limitations and other important information)
Updated March 28, 2014 and originally published March 4, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.