The CITI Thank You Preferred Card was designed with college students in mind, which means that it is available to those who have little to no credit. But don’t think that just because you have not started to build your credit score that you don’t have options. Today there are many rewards credit cards available to those who are just starting out, and many credit card companies specialize in rewards credit cards specifically for college students. If you are considering the CITI Thank You Preferred Card, you should make sure that this is the right credit card for you before diving in.
CITI Thank You Preferred Card Review
The signing bonus for the CITI Thank You Preferred Card nets you 2,500 points after you spend just $500 in the first three months, which can be done on even the most meager of college student budgets. After that, the CITI Thank You Preferred Card gets you one point for every dollar you spend as well as 2 points for every dollar spent at restaurants and certain entertainment. Points can be redeemed for all sorts of stuff from the CITI Thank You Preferred Card website, including travel, gift cards, and even cash.
The CITI Thank You Preferred Card has no annual fee, which is a blessing for many college students who struggle just to pay for books. The APR is zero during the first 7 months, then a very reasonable 13.9% to 23.9% variable APR afterword, however, that number jumps to 29.9% if you miss just one payment, which only stresses the importance of paying your bills on time.
For college students just starting out, the CITI Thank You Preferred Card is a great option on your way to build up that all-important credit score. While you might not be able to pay off all of your tuition with the CITI Thank You Preferred Card, the interest rates are still much better than taking out a student loan.