Details Of The Citi Upromise Card Application

By: Joshua Shapiro

The Citi Upromise Card, issued by Citibank, is intended for use by those who have very good credit and want to take advantage of its built-in college savings reward program. Enrollment in the Upromise program allows cardholders to earn a 10% rebate on select purchases. With over 7,000 grocery and drugstore items, a 2% rebate on gasoline purchased at Exxon and Mobil, and a 1% rebate on other purchases, your account can quickly build up a nice college fund for the future.

The card has an introductory interest rate of 0% that also applies to any balance transfers and has no annual fee. The introductory rate is good for one year, and is followed by a variable rate of 11.99% on purchases, and a minimum of 19.9% on cash advances. Balance transfers requested after the introductory period are subject to a 3% charge with a minimum of $5 and maximum of $75. Other benefits of the Citi Upromise card include travel accident insurance up to $1000,000, auto rental insurance, and other services related to travel and emergency assistance. It also offers student discounts on selected products and services through participating merchants and retailers.

Participants in the rewards program can expect to receive between 1% and 10% in rebates with a maximum annual rebate of $300 on grocery and drug store items. Gasoline purchases are unlimited. Some of the other extra that a cardholder receives with this card include:

&bull Access to your account online

&bull Solutions to identity theft

&bull Protection from fraud

&bull Automatic payment of your bill

&bull A year end financial statement if requested

&bull No cardholder liability for unauthorized transactions

&bull Your photo on the card (optional)

&bull Travel and accident insurance up to $1,000,000

&bull Insurance for car rental

&bull Emergency assistance and travel services

&bull Medical and legal referral services

&bull Assistance with lost baggage

&bull Replacement of lost cash

&bull Emergency replacement of your card

&bull Reporting of lost and stolen cards

&bull Auto rental discounts

&bull Student discounts at participating merchants and retailers

With the rewards program connected to this card, the minor disadvantages are but an inconvenience. What better way to save for college than by using your credit card? It's simple, convenient, and it doesn't have an annual fee.

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