Last week, Citi launched a new no-fee credit card called the Rewards+. Alongside that card, they have a student version as well. Everything about the student card is the same as the regular card except for the lower signup bonus and higher balance transfer fees and rates. You must be a college or graduate student to apply for this card.
Card Details
To recap again in brief, below are the key details. Check out our post on the standard non-student version of the card for a lengthier discussion.
- Points are rounded up to the nearest 10. For example, a $1 charge will earn 10 points, and a $51 charge will earn 60 points.
- No annual fee
- Card earns ThankYou points
- Earn 2x points on grocery and gas, up to $6,000 per year, then 1x
- Earn 1x points on everything else
- 2,500 points signup bonus for spending $500 within 3 months
- Standard Citi protections
- Bonus ThankYou Points are not available if you received a new cardmember bonus for Citi Rewards+℠, Citi ThankYou®Preferred, Citi ThankYou® Premier/Citi Premier℠ or Citi Prestige®, or if you have closed any of these cards, in the past 24 months
- 3% foreign transaction fee
- 10% rebate on all redeemed points each year, on up to the first 100,000 redeemed points
Our Verdict
No reason to apply for this if you are eligible for the regular card, but this could be a good option for students who have not built up their credit. Not sure how strict Citi is with approvals, but presumably they are much easier with this card than with their others cards (probably with low credit limits).
Other good starter card are the Discover IT and the Chase Freedom. Amex is pretty easy with approvals, especially with charge card, so that’s another option to try.
Hat tip to uscreditcardguide
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