Citi® Driver's Edge® Options Platinum Select® Card
Issued By: Citibank |
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No Annual Fee
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Rebates Can Also Be Applied to the ThankYou(SM) Network
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Rebates Can Be Applied Toward Car Maintenance, or to Buy or Lease a New or Used Car
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0% APR on Balance Transfers for 12 Full Months
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6% Rebates on Gas Station, Supermarket, and Drugstore Purchases for 12 Full Months, 3% Rebates after, and 1% Rebates on All Other Purchases
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Earn Rebates for Every Mile Driven
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
0.00% |
12 months |
13.490% |
none |
Balance Transfers |
Very Good |
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Card Info Last Reviewed 2007-09-22 |
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Our Review
The Citi® Driver's Edge® Options Platinum Select® Card, issued by Citibank, is designed for those with good credit who would like to earn rebates toward the purchase or lease of any new or used car, foreign or domestic.
The card provides a rebate of 6% for supermarket, gas station, and drugstore purchases during the first twelve months, 3% thereafter, and 1% on all other purchases. Cardholders can also earn Drive Rebates at a rate of $0.01 per mile driven. Up to $1,000 in rebates can be earned toward a vehicle during any twelve consecutive months, and any unused rebates expire in five years. The maximum amount of rebates that can be redeemed is $5,000 per vehicle. Rebates can also be used for the payment of maintenance, service, or repair performed on a vehicle. Rebates can also be converted into ThankYou(SM) Points and redeemed through the ThankYou(SM) Network.
The card offers a reasonable interest rate for purchases (as compared to other reward cards), and it has no annual fee. In addition, the card offers a 0% introductory rate on balance transfers for twelve months. It is important to note that there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
This card offers a variety of benefits and services provided by Citibank, such as auto rental insurance, various security features, and up to $1,000,000 in travel accident insurance.
Therefore, those who plan to take advantage of the 6% rebate for supermarket, gas station, and drugstore purchases during the first twelve months (3% thereafter) and plan on driving long distances (to earn additional Drive Rebates) will benefit most from what the Citi® Driver's Edge® Options Platinum Select® Card has to offer.
Additional Perks
Various Internet account related services.
Identity theft solutions.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
Various travel and emergency assistance services.
Automatic bill payments.
No liability for unauthorized transactions.
Optional personal photo on card.
Fraud and security protection services.
Up to $1,000,000 in travel accident insurance.
Auto rental insurance.
Medical referral services.
Legal referral services.
Lost luggage assistance.
Discounts on auto rentals.
See website for additional benefits.
Notations
The minimum APR for cash advances is 19.99%.
See website for complete terms and conditions of card usage and application disclosure.
View Website Details
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