I just discovered the Citibank Platinum card for college students through my dad's suggestion. I'm looking for my first credit card and wondered how likely it is I'd be approved. I also can't find their terms for late payments, etc., just in case. Any information would be great...especially how hard it is to get. Thanks
https://www.citibank.com/us/cards/cgi-bin/apply.cgi?card_type=student_classic Annual Percentage Rates Introductory rate of 9.9% for 6 months from account open date on purchases, cash advances, and balance transfers. Thereafter, for purchases and balance transfers, 17.49%, and for cash advances 19.99%. If you default under any Citi Card Agreement: Up to 24.99%. Variable Rate Information After the introductory period stated above, the annual percentage rate for purchases and balance transfers may vary monthly. We will calculate the rate by adding 9.99% to the U.S. Prime Rate published in The Wall Street Journal on the last business day of each month. In addition, the annual percentage rate for purchases, balance transfers, and cash advances may also vary if you default under any Citi Card Agreement because you fail to make a payment to us or any other creditor when due, you exceed your credit line, or you make a payment to us that is not honored by your bank. In such circumstances, we may increase the rate (including any introductory or promotional rate) on all balances to a default rate of up to 24.99%. Factors considered in determining this higher rate may include the length of time the account has been open, the existence, seriousness, and timing of Citi Card Agreement defaults, and other indications of account usage and performance. Grace Period for Repayment of Balance for Purchases 20-25 days if you pay your balance in full by the due date, but none on any balance transfers. Method of Computing the Balance for Purchases Average Daily Balance (including new purchases) Annual Fee None Minimum Finance Charge 50 cents 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. Late Fee $29 through August 31, 2001; beginning on September 1, 2001 and continuing thereafter: $15 on balances up to $100; $25 on balances of $100 up to $1000; and $35 on balances of $1000 and over.
I HAVE A F.I.C.O. SCORE OF 698 AND HAVE BEEN DENIED EVERY TIME I HAVE TRIED (REGULAR PLATINUM SELECT)... Even when they send me a offer!!!
my girlfriend applied 4 weeks ago for this and has heard nothing yet...how slow can you be. She applied for Bank of America and Amex Blue for student and got approved. A few months ago capone turned her down. She had nothing on her credit report at all before these. Amex blue for students seems to have pretty good perks... -scott
