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The Citi® Home Rebate
Platinum Select® MasterCard®, issued by Citibank, is designed for those with
very good credit who plan to take advantage of the rebates, which help
cardholders pay for their personal mortgages.
Through the reward program, cardholders earn a full 6% rebate per dollar spent
on utilities, cable/satellite TV, Internet connection, and telecom services for
the first six months of membership, and they earn 1% per dollar spent after the
introductory period and on all other purchases. The rebate is earned in the form
of "Home Mortgage Rebates" that will be applied against the outstanding mortgage
principal. There is no limit to the amount of rebates that may be earned, and
rebates do not expire.
As with most Citibank credit cards, cardholders can expect access to a variety
of platinum benefits that include up to $1,000,000 in travel accident insurance
and fraud protection services.
The APR for purchases and balance transfers is average, and there is a 0%
introductory rate available for balance transfers during the first year of
membership. These benefits come with no annual fee.
Therefore, those who can afford to pay in full each month after the introductory
rate expires (to avoid finance charges) and will be able to take advantage of
the mortgage rebates will benefit most from the Citi® Home Rebate
Platinum Select® MasterCard®.
Review Date: May 1st, 2007 |
