Citi has re-launched its second $100 bonus cash back credit card with the Citi® Dividend Platinum Select® Visa® Card. This 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 card ownership, it might deserve the top spot.

The Citi® Dividend Platinum Select® Visa® Card offer also includes a top-notch regular cash back rewards program. All cardholders will earn 5% cash back on fitness club, health care, and utilities purchases from January 1, 2012 to March 31, 2012 upon enrollment. Each quarter, you can enroll to earn additional cash back in popular categories, at which point the 5% cash back categories will change. All other purchases will be rewarded with 1% cash back. In addition, when you shop online through the Citi Bonus Cash Center, you can earn even more cash back — an average of 5%.

Stepping away from the cash back side of this card, the Citi® Dividend Platinum Select® 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% ($5 minimum). After you’ve exhausted your introductory period, your APR becomes a variable 12.99% to 22.99%, depending on your credit worthiness.

The last feature that makes the Citi® Dividend Platinum Select® 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.

Consider earning 5% cash back and a $100 cash back bonus with the Citi® Dividend Platinum Select® Card. Citi could remove this offer at any time, so take advantage of it while it lasts.

Updated January 8, 2012 and originally published March 4, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.

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Flexo, the founder of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter. View all articles by Flexo.

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