Citi mtvU Card Review
Continuing our look at credit cards, today at Online Banks, we’re going to look at the Citi mtvU credit card for students. This is an innovative reward card aimed directly at students and their needs.
The Citi mtvU card rewards not just purchases, but also good grades. Rewards points earned can be used for many things including reducing student loans.
Rewards are paid according to usage and GPA. So with your Citi mtvU earns you five points for every dollar you spend on purchases at book stores, record stores, restaurants (including fast food), movie theaters, and video rental stores. You earn one point for every dollar spent everywhere else.
On top of that, there are rewards for earning good grades, measured by grade point average (GPA). So a GPA of 2.5-2.99 earns 250 points, 3.00-3.49 earns 600 points. 3.50 to 3.99 earns 750 points and a perfect 4.0 gets you 2,000 (two THOUSAND) points.
Card holders also get MTV rewards. Use your Citi mtvU credit card at any MTV store for an automatic 10% discount (including online at mtvshop.mtv.com).
Points can be spent on many things including tickets to the MTV Video Music Awards (30,000 points). The card has no annual fee and qualifying new card holders can get a 0% APR for the first 7 months they have their Citi mtvU credit card.
Several other platinum-level benefits are also included, such as travel insurance and online account management.
Worth considering for those students heading off to school and wanting a credit card geared to their needs.
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