Citi® Platinum Select® MasterCard® - One of the Greatest 0% Balance Transfer Cards
The Citi® Platinum Select® MasterCard® is one of Citi`s newest offerings in the world of rewards and credit and is designed to be a modern, incentive-laced program that will change the way people use their credit cards. The Citi® Platinum Select® MasterCard® is the first credit card to use Google Wallet`s new technology, which allows you to pay via your phone without actually having to use the credit card directly. This card also offers benefits such as the Extra Cash from Citi program, discounts from Hertz®, travel and emergency assistance as well as a plethora of security and privacy protection measures.
By collaborating with MasterCard®, Citi® is able to offer this card and its benefits to those who find themselves needing a card that balances rewards and security. While it is not a true traveler`s card with a frequent flyer program, this card does offer several benefits for those who travel through more traditional means and does offer a cash back program for no additional fee. With no annual fee and a low variable interest rate, the Citi® Platinum Select® MasterCard® is perfect for the average person, especially those who travel for a living. Below is a summary of the perks and downsides to this card, which will aid you in determining whether or not this card is right for you.
The Perks of the Citi® Platinum Select® MasterCard®
No Annual Fee on this card, ever! Many cards will tease with a one-year waiver of this fee, but the Citi ®Platinum Select® MasterCard® is offered without any strings attached in this regard.
intro APR on balance transfers - You will enjoy a APR on your balance transfers for the first ! After that, the variable APR will be , based on your creditworthiness. So, you have to pay off your existing credit card debt with interest rate.
intro APR on all purchases - You will have APR on all your purchases for the first . After that, the variable APR will be , based on your credit score.
Low Balance transfer fees present on the Citi® Platinum Select® MasterCard® and are or of the balance.
No Liability on Unauthorized Purchases - One can have peace of mind in knowing that if his or her card is ever compromised or stolen, he or she will not be held liable for any fraudulent activity. Feel free to shop anywhere knowing that your identity and finances are protected from mischief.
Extra Cash from Citi is a rewards program that offers discounts on such expenditures as travel, merchandise, entertainment and more. It is a free service and you can easily enroll online.
Citi MasterCard® Payment Tag with PayPass™ allows one to quickly and easily pay for items with just a tap of the card at all participating PayPass locations. Forget having to reach for cash and enjoy signature-free payments for purchases under $25.
Citi® Photocard feature allows for added security and also serves as a form of photo identification. By placing your photo and signature on the front of the card, it has never been easier to validate your identity.
Automatic Warranty Extension is available for many items purchased with the Citi® Platinum Select ®MasterCard®. Most warranties can be extended by twelve months past the manufacturer`s warranty date automatically.
Virtual Account Numbers are available as an added way to protect one`s identity. VANs can be generated for use online and are only valid for a short period of time, protecting your actual card`s identity from being known.
Additional Cards are available for this line of credit. One can receive multiple cards by calling the number on the back of the Citi® Platinum Select® MasterCard®; cards arrive typically within four weeks.
Discounts from Hertz® are available thanks to this card. Virtually all published rates by Hertz® are discounted when using the Citi® Platinum Select® MasterCard®.
Travel & Emergency Assistance keeps you protected when traveling. Included in this service are legal and medical referrals, lost luggage assistance, translation services, emergency transportation and much more.
Google Wallet - The Citi® Platinum Select® MasterCard® is the first to seamlessly integrate Google Wallet into its operations. By working in conjunction with PayPass, one can use his or her smartphone to tap and go.
Rental Insurance is free when you reserve and rent an eligible vehicle. Simply decline the offered rental car dealer`s insurance and you`re covered automatically.
Customer service is available 24/7 - Simply call the number of the back of the card to speak to a live representative.
Identity Theft Solutions are offered by Citi® in the event your identity is stolen. Specialized assistance options are available to help get one`s life and financial situation back on track after such an event.
Downsides to the Citi® Platinum Select® MasterCard®
Late payment penalties can be rather steep, adding depending on the amount owed. A returned payment fee is also applicable given those circumstances.
Cash advance fees are charged at a rate of or (whichever is greater).
Transaction fees - When shopping abroad or purchasing from overseas online markets, a transaction fee is added to the total of the purchase (in US dollars).
Penalty APRs exist and can be as high as . These are triggered upon the receipt of a late or returned payment. The penalty APR may apply indefinitely depending on the circumstances. Citi is not particularly clear about this.
Our Rating: 4.7 / 5 Stars
The Citi® Platinum Select® MasterCard® offers the average person many perks and possible rewards while engaging in normal, everyday activities. Designed for those individuals who pay their balances off quickly and on time each month, this MasterCard® can benefit individuals who travel often for work or pleasure as well as individuals who simply wish to have a higher amount of security associated with their card and increased ease of access when it comes to paying for the small stuff at the counter. With all of these options plus cash back through the Extra Cash from Citi® program, anyone with decent credit and in the market for a new credit card should consider the Citi® Platinum Select® MasterCard®.
