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Citi® Dividend Platinum Select® Visa® Card Review

Advertiser Disclosure: This post includes references to offers from our partners. We receive compensation when you click on links to those products. However, the opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer.

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Rewards credit cards usually offer either miles, cash back, or points for merchandise or gift cards. The Citi® Dividend Platinum Select® Visa® Card is Citibank’s cash back card, plain and simple. If it looks a bit familiar to you, it may be because this card is practically identical to the Citi Dividend Platinum Select Visa Card for Students, except that it has a sign-up bonus offer and lower APR.

If you’re looking for a credit card that rewards purchases with cash, the Citi Dividend Platinum Select Visa may be worth considering.

Key Features

  • Sign-up Bonus. You earn $100 cash back after you use your card to make $500 in purchases within three months of opening the account. This cash back offer is not included in the annual maximum accumulation ($300 yearly cash back maximum).
  • Fees. The Citi Dividend Platinum Select Visa card charges no annual fee. Balance transfers are either $5 or 3%, whichever is higher. There is also a foreign transaction fee of 3%.
  • APR. The card offers an introductory APR of 0% on purchases for 12 months from the date the account is opened. The APR is also 0% for 12 months on balance transfers, beginning on the date of the transfer and when transfers are completed within four months from the date the account is opened. After the introductory period, the APR for purchases and balance transfers is between 12.99% and 22.99% (variable), depending on your creditworthiness. These APRs also vary based on the prime rate. There is a penalty APR of up to 29.99%, which is applied to your account if you make a late payment or if a payment is returned.
  • Earn Cash Back. You are able to earn 5% cash back in quarterly categories. For example, from July to September, you could earn 5% at Hilton hotels, car rental agencies, movie theaters and theme parks. Purchases outside of the active category earn 1% cash back. There is a $300 annual cash back maximum that may be earned, except when shopping with Citi Bonus Cash Center’s 400-plus retailers, which allow unlimited cash back earnings (and average about 5%).
  • Dividend Dollars. Cash back is earned in the form of Dividend Dollars. You are able to earn a maximum of 300 Dividend Dollars per year (January to December) and can redeem them for checks in $50 increments. Dividend Dollars that are earned on purchases through the Citi Bonus Cash Center are not subject to the $300 yearly maximum. You also earn $5 cash back on individual balance transfers made of at least $1,500. Dividend Dollars do not expire as long as you make a qualifying purchase every 12 months.
  • Citi Bonus Cash Center. The Citi Bonus Cash Center is the online portal that allows you to shop with more than 400 online retailers and earn cash back on your purchases. When you shop with Citi Bonus Cash Center, you are able to earn an average of 5% cash back, which varies according to the retailer. You can also earn cash back when purchasing gift cards, and can take advantage of special deals and discounts. There is no limit to the amount of cash back that can be earned through the Citi Bonus Cash Center.
  • Citi Price Rewind. The Citi Dividend Platinum Select Visa provides Citi Price Rewind, a program that tracks online prices for anything you buy with the card for a period of 30 days. Just register your purchase with Citi Price Rewind, and if a price at least $25 lower than what you paid is found, you receive that difference back. These refunds are limited to $250 per item and $1,000 in a calendar year.


  1. 0% APR on Purchases and Balance Transfers. You could save quite a bit of money in interest with the 0% intro APR on both purchases and balance transfers for 12 months. If you are currently paying off a balance with a high APR or if you plan to make a large purchase, you can avoid paying interest by transferring and paying off these balances within 12 months.
  2. $100 Bonus Cash Back. You earn $100 cash back when you spend $500 within the first three months of opening your account. These aren’t points to be redeemed or a type of coupon to be used at the grocery store, but rather cash that you can use entirely at your discretion. In addition, the $100 bonus is not included in the cap of $300 that you can earn each year, making it an even better deal.
  3. No Annual Fee. It is difficult to find a cash back card that provides an introductory APR of 0% on balance transfers and purchases and has no annual fee. As long as you pay your balance in full each month, it isn’t going to cost you anything to use the card and earn cash back at the same time.


  1. Limited Redemption Opportunities. Dividend Dollars may only be redeemed for cash, rather than merchandise or gift cards like other rewards programs offer. You can only redeem them in $50 increments, and there is an annual cap of $300. Other cards, such as the Chase Freedom Card, allow redemption at increments of $20. Additionally, with Chase Freedom, the 1% cash back earned on everything outside of quarterly categories is not included in the annual maximum, and an unlimited amount may be earned.
  2. Rotating Categories. The Citi Dividend Platinum Select Visa card awards 5% cash back on specific purchases in categories which rotate each quarter, and you must enroll in those categories to qualify. If you are a shopper who finds it difficult to plan spending months in advance or doesn’t like dealing with rotating categories, you won’t be able to maximize the rewards potential of this card.
  3. Foreign Transaction Fee. As with most Citibank credit cards, the Citi Dividend Platinum Select Visa charges the maximum 3% foreign transaction fee. If you travel outside of the United States frequently, you’re going to want a card with a lower foreign transaction fee or none at all, such as with Discover and Capital One cards.

Final Word

If you’re looking for a cash back card that rewards purchases and has no annual fee and a low introductory APR, you won’t find many that match the Citi Dividend Platinum Select Visa. The downfalls of the card, however, lie in the annual cap of $300 cash back and the foreign transaction fee if you travel outside of the United States. Additionally, in order to maximize the cash back potential, it is important to avoid interest charges by paying your balance in full each month.


The Citi® Dividend Platinum Select® Visa® Card is a great cash back card with no annual fee and a 0% intro APR for 12 months. However, the card is not ideal if you want to earn more than $300 per year, or if you travel frequently outside of the United States.


4.2 out of 5 stars: The only drawbacks of the Citi Dividend Platinum Select Visa are the foreign transaction fee and the $300 cap on annual rewards earning.

Christina Majaski
Christina Majaski has written for online and print publications since 2003 on topics related to personal finance, legal matters, parenting, and careers. She lives in the Minnesota tundra, where in her free time she enjoys reading, writing, interacting via social media, and hanging out with her daughter.

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