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Citi ThankYou® Preferred Card for College Students Review

The Citi ThankYou Preferred Card for College Students is designed to help students obtain their first credit cards and begin establishing credit. This student credit card has a low introductory APR, and it offers point-based rewards.

The Citi ThankYou Preferred Card for College Students is designed to help students obtain their first credit cards and begin establishing credit. This student credit card has a low introductory APR, and it offers point-based rewards. The ThankYou points never expire, and there is no cap on the total amount of points you can earn. You must be 18 years old and a currently enrolled college student to apply for the card.

Citi ThankYou Preferred Card for College Students has low APR on purchases for the first seven months. After the first seven months, a higher variable APR applies. You forfeit the introductory APR early should you miss a payment during that time period. The APR differs depending on the Prime Rate market and your creditworthiness.

This credit card for students has a high APR rate for all cash advances. The APR for balance transfers is also high. As with the APR for regular purchases, these rates depend on your creditworthiness and the Prime Rate market. Also, there is no grace period for balance transfers and cash advances. Additionally, any outstanding balance you owe on the card is subject to interest, even if it was previously within the grace period. The penalty APR for missed payments is high as well.

There is no annual fee for the Citi ThankYou Preferred Card for College Students, but there are international purchase and balance transfer fees. There are also cash advance fees, which are standard among credit cards for students. Both late payments and returned payments incur a fee per occurrence.

This college credit card does have a grace period. You aren’t charged any interest if you pay back your charges within the allotted time period. Any remaining balance is charged interest at your APR rate.

The Citi ThankYou Preferred Card for College Students is a point-based rewards card, which means you earn points as you make purchases, and you can redeem the points for merchandise, gift cards and travel. Normally, you receive two ThankYou points per dollar spent dining at restaurants and on entertainment. You earn one ThankYou point per dollar spent on other purchases.

Unlike other college student credit card rewards programs, the points you earn with the Citi ThankYou Preferred Card for College Students do not expire, and there is no cap. This means you can build up points over time for the rewards item you want. There are also exclusive events for cardholders.

The Citi ThankYou Preferred Card for College Students provides services to enhance your buying decisions. You get extended warranties on select products, which extend manufacture warranties. Price rewinds help you to get the best price on purchases. Citi also searches for better prices on items you purchase for 30 calendar days, and if the price drops by a certain amount, you get back the difference. This card has $0 liability protection, which protects you should your card be used to make unauthorized charges. The card includes auto rental insurance, travel assistance and emergency assistance.

Citi gives its members many support options. You can use email, chat or phone support 24/7 if you have an issue with your card or it is lost or stolen. The company provides emergency card replacement, which is convenient when you need a replacement card in a hurry. There is a FAQs section on the company’s website for answers to common questions. Citi also has a landing page specifically for college students that provides information and educational materials about using your credit card responsibly and how to maintain a budget.

Disclaimer: See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the "GO" button, you can review the credit card terms and conditions on the issuer's website. The Annual Percentage Rate or APR is reflective of the date this review was last updated.