Citi Home Rebate Platinum!!!!!!!!!!

Citi Home Rebate Platinum Select MasterCard:

Benefits:

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Full 1% rebate on purchasesâ? 
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Rebates automatically applied to reduce your outstanding mortgage principal
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No cap or limits on the amount of rebates you can accumulate in a year
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Your rebates could save you thousands in interest and principal, as well as months off the term of your mortgage
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0% APR on purchases and Balance Transfers for 6 months with no Balance Transfer feeâ? 
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No annual fee
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Acceptance at 32 million locations
Citi Home Rebate Rewards

Each time you use your Citi Home Rebate Platinum Select MasterCard, you earn rebates that can help you pay down your mortgage principal.

Here's how:

* Earn a FULL 1% Rebate on all eligible purchases§
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* Rebates automatically sent once a year to your mortgage company to be applied against your outstanding mortgage principal
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* Your rebates could save you thousands in interest and principal, as well as months off the term of your mortgage
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* No cap on the amount of rebates you can earn annually
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* Your rebates earned will appear on your monthly statements
Annual percentage rate (APR) for purchases 10.99%
Other APRs Balance transfer APR: As long as first balance transfer is completed within 6 months from date of account opening, 0.00% for 6 months from date of first balance transfer. After that, 10.99%.
Cash advance APR: 19.99%.
Default rate: 27.99% See explanation below.*
Variable rate information Your APRs may vary.
The rate for purchases and balance transfers is determined for each billing period by adding 6.99% to the Prime Rate.**
Your cash advance rate is determined for each billing period by adding 14.99% to the Prime Rate, but such cash advance rate will never be lower than 19.99%.
The default rate is determined for each billing period by adding up to 23.99% to the Prime Rate.***
Grace period for repayment of balances for purchases Not less than 20 days if you pay your total new balance in full each billing period by the due date.
Method of computing the balance for purchases Average daily balance (including new purchases)
Annual fees None
Minimum finance charge $0.50
Transaction fee for cash advances: 3.0% of the amount of each cash advance, but not less than $5.
Transaction fee for balance transfers: 3.0% of the amount of each balance transfer, but not less than $5 or more than $50. However, there is no fee with the balance transfer APR offer described above.
Late fee: $15 on balances up to $100; $25 on balances of $100 up to $1000; and $35 on balances of $1000 and over.
Over the credit-line fee: $35
* All your APRs may increase if you default under any Card Agreement that you have with us because you fail to make a payment to us or any other creditor when due, you exceed your credit limit, or you make a payment to us that is not honored.
** The Prime Rate used to determine your APRs for each billing period is the U.S. Prime Rate published in The Wall Street Journal two business days prior to the Statement/Closing Date for that billing period.
*** Factors considered in determining your default rate may include the length of time your account with us has been open, the existence, seriousness and timing of defaults under any Card Agreement that you have with us, and other indications of usage and performance.
_ All account rates, fees, and other cost information disclosed above are subject to change at any time in accordance with applicable law and the Card Agreement that will be sent with your card.

link:

http://www.citibank.com/us/cards/ca...m?ProspectID=209940391BF2497EA4CDC45899AB71DB

Ron.

 

The rebate won't help too much for paying off the mortgage and I won't rather to have cash rebate or retail reward card.


Ron.

 

The rebate won't hit a dent on the interest of the mortgage.It is not practical card to earn rebates towrds mortgage. I wonder anyone would apply for the card.


Ron.