All too often, it seems like part of being a college student is being almost broke all the time or at best, having very limited financial resources. While having a credit card such as the Citi® mtvU™ Platinum Select® Visa® Card for College Students doesn't eliminate the hardship altogether, it can certainly be used effectively to spread every dollar just a bit further and get some cool freebies at the same time. Here's how the card stands up to the tough competition.
The Ever Important Interest Rate – How Does It Rate?The Citi® mtvU™ Platinum Select® Visa® Card for College Students delivers when it comes down to interest rates. In fact, the APR for purchases on this card actually outranks many other student credit cards and even holds its own when lined up against many of the cards intended for those with perfectly established credit and stable financial security.Offering six months of introductory interest free purchases, this student credit card can help when it comes to covering those hefty book costs for the semester. Making payments on this always dreaded purchase without the added interest can really help the pocketbook. Even so, if you can manage paying off in full every month, and you should if at all feasible, you'll avoid paying any finance charges at all.If interest charges have been accumulated on other credit cards, the Citi® mtvU™ Platinum Select® Visa® Card for College Students is a very viable choice for consolidating those amounts with a balance transfer. The card's six months of interest free balance transfers is right up to par for the course.What Reward Perks Does this Credit Card Offer?Simply put, lots of them. With 5 ThankYou Points® given for every dollar spent with the Citi® mtvU™ Platinum Select® Visa® Card for College Students at many of the places most popular with college students, the rewards do add up with regular use. Purchases outside of book stores, restaurants, record stores, video rentals, and movie theaters will still receive one ThankYou Point per dollar of purchases.Unique to the Citi® mtvU™ Platinum Select® Visa® Card for College Students is the added benefit of earning 25 points for on time bill payment and the thoughtful bi-yearly recognition of keeping a good GPA with up to 2,000 ThankYou Points. So again, the points can add up quickly if the card is used on a regular basis.When enough have been accumulated, it is easy to cash them in for gift cards or airline tickets to go visit a buddy, hit the slopes for the weekend, or just to jaunt home for the holidays. This credit card's perks and rewards are among the best of the bunch.Looking at the Bottom LineWhen it comes to college student credit cards, there are many options to choose from. Some of them outperform this card in one individual category or another. However, for a well rounded package with good interest rates, good rewards, and other valuable features, the Citi® mtvU™ Platinum Select® Visa® Card for College Students is a worthy pick.