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Credit Card Reviews » Citi® Driver's Edge® Card for College Students |
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The Citi® Driver's Edge® Card for College Students, issued by Citibank, is designed for students who are planning on purchasing a new or used car (foreign or domestic) within a five-year period.
Through the reward program, cardholders earn a rebate of 3% for purchases made at supermarkets, drugstores, and gas stations. All other purchases earn a 1% rebate. Cardholders can also earn Drive Rebates at a rate of $0.01 per mile driven. Up to $1,000 in rebates can be earned toward a vehicle during any twelve consecutive months, and any unused rebates expire in five years. The maximum amount of rebates that can be redeemed is $5,000 per vehicle. Rebates can also be used for the payment of maintenance, service, or repair performed on a vehicle. Rebates can also be converted into ThankYou(SM) Points and redeemed through the ThankYou(SM) Network.
This card has no annual fee and a 0% introductory rate that applies to all transactions for the first six months (which is a rare benefit for a student card). However, this card does have an above average interest rate for purchases and balance transfers. There is also a minimum cap of 19.99% for cash advances. Therefore, 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.
This card offers students a variety of benefits and services provided by Citibank, such as auto rental insurance, various security features, and up to $1,000,000 in travel accident insurance.
Therefore, those students who plan to take advantage of the rebate program, plan on driving long distances (to earn additional Drive Rebates), and can afford to pay in full each month once the introductory rate expires (to avoid finance charges) will benefit most from what the Citi® Driver's Edge® Card for College Students has to offer.
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0% Intro APR on Purchases, Balance Transfers for 6 months
14.99% Regular Variable APR for Purchases
19.99% Regular Variable APR for Cash Advances |
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20 days Grace Period |
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| (* 0% APR for 6 months on purchases, cash advances and balance transfers) |
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| Finance Configuration: Average daily balance. This includes new purchases. |
| Additional Cardholders: $0 |
| Late Payment Fee: $15 on balances up to $100, $29 on balances of $100 up to $250, $39 on balances of $250 and over |
| Over-The-Limit Fee: $39 |
| Cash Advance Fee: 3% of each cash advance; $5 minimum. |
| Balance Transfer Fee: 3% of each balance transfer; $5 minimum. There is no fee with the 0.00% APR balance transfer offer |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: n/a |
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| Type of Reward: Rebate |
| Rebate Minimum: 1% |
| Rebate Maximum: 3% |
| Additional Rebates: You earn 3% rebates on purchases made at supermarkets, drugstores and gas stations. You earn 1% rebates on other purchases. Earn Drive Rebates at the rate of $0.01 per mile driven. |
| Bonus Rebates First Purchase: n/a |
| Bonus Rebates Other: n/a |
| Expiration: 5 Years (Rebates will automatically expire if no transactions are made for 12 consecutive months.) |
| Yearly Limit: Up to $1,000 in rebates toward a vehicle during any 12 consecutive months (The rebate maximum which can be redeemed on any vehicle purchased or leased is $5,000.) |
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| Additional Features for Citi® Driver's Edge® Card for College Students: |
Various Internet account related services.
Build your credit history.
Free online account management.
$0 liability on unauthorized purchases.
Identity theft solutions.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
Automatic bill payments.
Fraud and security protection services.
Optional personal photo on card.
Up to $1,000,000 in travel accident insurance.
Auto rental insurance.
Various travel and emergency assistance services.
Medical referral services.
Legal referral services.
Lost luggage assistance.
Discounts on auto rentals.
Access to credit education tips and tools.
See website for additional benefits. |
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| Important Notes for Citi® Driver's Edge® Card for College Students: |
| See website for complete terms and conditions of card usage and application disclosure. |
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Look for Similar Credit Cards by Category |
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| Home » Apply for a Credit Card » Top Consumer Credit Card Ratings for Student |
| Home » Apply for a Credit Card » Special Interests » Cash Back and Rebates for Student |
| Home » Apply for a Credit Card » Cards by Category » Student Credit Cards for Student |
| Home » Apply for a Credit Card » Cards by Category » Reward Credit Cards for Student |
| Home » Apply for a Credit Card » Credit Card Issuers » Citibank for Student |
| Home » Apply for a Credit Card » Credit Card Issuers » Master Card for Student |
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| Notes: The review on Citi® Driver's Edge® Card for College Students was updated on May 05, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
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