If you’re a college student looking for a credit card that will help you establish a credit history, while rewarding you for spending money on popular purchases like dining out and entertainment, this card may be your new BFF.
Currently the Citi ThankYou Preferred card for College Students has a sign-up bonus that will earn you 2,500 ThankYou Points once you spend $500 in the first three months of opening the account. You can redeem your points through Citi’s ThankYou portal website for things like travel, gift cards, general merchandise and more and the points never expire.
With the card, you’ll get 2 ThankYou Points for every $1 you spend on dining at restaurants and on entertainment. Every other purchase that doesn’t fall within those two main categories nets you 1 ThankYou Point per $1.
Obviously, to make the card really work for you, it’s important to make sure you fully appreciate just what constitutes “restaurant” and “entertainment”. Restaurants include cafes, bars, lounges and fast food restaurants. Entertainment covers things like live concerts and plays, sporting events, movies, amusement parks, such as zoos and aquariums, museums and art galleries, record and video rental stores and on-demand internet streaming media.
||Citi ThankYou® Preferred Card for College Students
$0 first year
$0 after first year
|Earn 2,500 bonus ThankYou® Points
After spending $500 within the first 3 months of cardmembership.
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|Citi ThankYou® Preferred Card for College Students|
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As per Citi’s website, however, there is a long list of what is NOT covered in each of those two categories. Non-qualifying restaurant and entertainment purchases include “…bakeries, certain restaurants/cafes inside department, grocery or warehouse stores, sporting camps, public and private golf courses, country clubs (including membership fees), stores that sell musical instruments, video game arcades, bowling alleys, stores that primarily sell video games/accessories, charitable organizations that provide live entertainment, bookstores and sports complexes where you participate in the sport.”
If you can live with these exclusions, then you’ll be pleased to learn that the card offers a special intro APR of 0% for seven months. Afterwards the APR is variable and will range from 14.24% – 24.24%, based on your creditworthiness.
The Citi ThankYou Preferred card for College Students has no annual fee and comes with some very useful perks like extended warranty protection, damage and theft protection, auto rental insurance, travel assistance and emergency assistance.
One of the card’s most popular benefits is Citi Price Rewind. This unique service will search hundreds of online merchants for lower prices on items you bought with your Citi card. If an item you bought is found with a lower price within 60 days of your initial purchase, Citi may refund you the difference.
So if your favorite things involve eating and going out (that is, when you’re not busy attending classes and hitting the books, of course) the Citi ThankYou Preferred Card for College Students is top of its class.
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