Citi® mtvU™ Platinum Select® Visa® Card

• 0% APR for Six Months
• Get Five ThankYou Points for Every Dollar Spent at Restaurants, Book Stores, Record Stores, Movie Theaters, and Video Rental Stores
• Get One ThankYou Point for Every Dollar Spent on All Other Purchases
• Plus, Get Over 2,000 Points Twice a Year Just for Maintaining a Good GPA, Paying the Bill on Time, and Not Exceeding the Credit Limit
• No Annual Fee
• Redeem Points for Airline Tickets, CDs, and Gift Cards
• Points Can Also be Redeemed for Premier mtvU Items Including VIP Passes to mtvU's Spring Break, Tours of the mtvU Studio, and Tickets to MTV's Music Video Awards

The Citi® mtvU™ Platinum Select® Visa® Card for College Students, issued by Citibank, is a credit card designed specifically for students with a unique reward program that awards cardholders for using credit wisely and for receiving good grades.

Through the reward program, cardholders earn one point for general purchases and five points for every dollar spent at restaurants, bookstores, record stores, movie theaters, and video rentals. The program also awards 25 points when payments are made on time and spending does not surpass the credit limit. Twice per year, anywhere between 250 and 2,000 points may be awarded dependent on the student's GPA (beginning at 2.5). These points can be redeemed for gift cards, CDs, a VIP mtvU Spring Break Pass, tickets to the MTV Video Music Awards, and airline tickets. There is a 75,000 yearly limit to the number of points that can be earned, and points expire in five years.

This card has no annual fee, but the interest rate for purchases and balance transfers is above average for a student card. However, there is a 0% introductory rate that applies to all transactions for the first six months (a rare benefit for a student credit card).

It is important to understand that there is a minimum cap of 19.99% 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.

The card provides platinum cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services. Cardholders also receive a 10% discount on purchases made at the MTV online store and at the MTV New York City Store.

Therefore, students who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to take advantage of the reward program will benefit most from what the Citi® mtvU™ Platinum Select® Visa® Card for College Students has to offer.