Citi® Driver's Edge® Card for College Students Issued by Citibank
	Overall Rating Benefit Rating	Special Offer: 0% APR for 6 Months and is applied to Purchases, Balance Transfers, Cash Advances. APR (Purch): 13.99% Annual Fee: $0 Category: Student
Review
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 a reasonable interest rate for purchases and balance transfers. There is also a minimum cap 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.
Review Date: 12/3/2008
Most Attractive Feature(s): No annual fee; access to rebate program; 0% introductory rate for all transactions.
Least Attractive Feature(s): Minimum APR cap for cash advances.
Additional Perks
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.
Important Notations
The minimum APR for cash advances is 19.99%. See website for complete terms and conditions of card usage and application disclosure.
Note: The review on this card was updated on 12/3/2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application. Credit card review information is provided by CardOffers.com, Inc.