Citi cards for college students

In accordance with the new FTC regulations – which still confuse me a bit – I’d like to VERY clearly state that I was compensated for this post:  yes, I was compensated for writing this post.  I was not asked to provide a positive review in return for the compensation, the opinion I express below is my own.  OK, now here we go:

Citi is promoting a couple of new credit cards for students. I’m not averse to the use of credit cards at all, as long as you have and exercise the self-discipline to pay them off in full monthly.  If you’re the kind of person who doesn’t have that self-discipline, you should (a) avoid credit cards for the time being and (b) work on your self-discipline.

For a limited time, Citi has new credit cards that can be used to earn enough points for a $25 Gift Card and more! The Citi® mtvU™ Platinum Select® Visa® Card for College Students and the Citi® Forward Card for College Students are offering the opportunity to earn up to an additional 3,600 bonus points just for paying your bill on time and staying under your credit limit. This offer is only valid for new cardmembers who are College Students approved through this offer.  This offer expires January 15, 2010.   If you want to learn more, just  sign up here.

I like the fact that you get bonus points for paying your bill on time and staying under your credit limit. It’s not as good as getting points for paying the balance off in full, but by the time you’re a college student you either need to start learning how to use a credit card responsibly, or stick to debit cards.   Sign up here.

4 comments

  • Peace out, just lost a reader by posting based on pay from a credit card company for college students. What a horrible idea!

    • @Rex: you're certainly entitled to your own opinion, but I had a credit card in college. I used it responsibly. I built up my credit rating. I had one in high school, too. If you're from the Dave Ramsey school of “absolutely no credit cards” then I understand – I appreciate his take on it. But I don't see any reason why college students shouldn't get a card and use it. It's just like so many things in our society – should Doritos be banned because they make people fat and unhealthy? No. People have to take some personal responsibility.

      All that having been said, if you feel that way I'm sorry to see you go, and respect your opinion.

  • Peace out, just lost a reader by posting based on pay from a credit card company for college students. What a horrible idea!

  • @Rex: you're certainly entitled to your own opinion, but I had a credit card in college. I used it responsibly. I built up my credit rating. I had one in high school, too. If you're from the Dave Ramsey school of “absolutely no credit cards” then I understand – I appreciate his take on it. But I don't see any reason why college students shouldn't get a card and use it. It's just like so many things in our society – should Doritos be banned because they make people fat and unhealthy? No. People have to take some personal responsibility.

    All that having been said, if you feel that way I'm sorry to see you go, and respect your opinion.