*Receive a $50 statement credit after qualifying transaction(s) §§
*0% Introductory APR on balance transfers and cash advance checks for your first
12 billing cycles†
*No annual fee
Card at Glance
Who it′s for:
You want a credit card with a low APR and the flexibility to choose from different types of rewards
Introductory APR:
0%†
Introductory APR applies to your first 12 billing cycles on balance transfers and cash advance checks. You will lose the intro rate if you exceed the credit limit or are late with a payment. Payments you make will be applied to lower rate balance first.
Standard APR:
9.99% or 15.99%
Standard APR applies to purchases, balance transfers and cash advance checks after the Introductory APR expires.
Balance transfer/cash advance check fee:
3% of each such transaction (minimum $10)
Rewards
Earn and redeem your points for cash back, travel with no blackout dates, car rental and hotel rewards, brand name merchandise, or gift certificates§
Enjoy access to special Cardmember offers from American Express to save on shopping, dining, travel, hotels, and much more.
Earn 1 point for every $1 in net retail purchases§
Rewards begin at only 2,500 points
No limit to the number of points you can earn each year§
Points do not expire for 5 years§
Account Benefits
Absolute fraud protection against unauthorized use, online and offline
Car Rental Loss & Damage Insurance§ and Travel Accident Insurance**
Emergency Assistance Services and Emergency Roadside Assistance**
Retail Protection, and Extended Warranty coverage on purchases made with the card**
Access to the MyConciergeSM service, a unique personal assistance service**
24-hour Customer Service, Secure Online Account Access and electronic bill payment service.
Details of Rate , fee and other cost information
As required by law, rates, fees, and other costs of this credit card offer are disclosed here. All account terms are governed by the Credit Card Agreement sent with the card. Account and Agreement terms are not guaranteed for any period of time; all terms, including the APRs and fees, may change in accordance with the Agreement and applicable law. We may change them based on information in your credit report, market conditions, business strategies, or for any reason.
Sunday, November 4, 2007
Older Americans' credit card debt rising
Older Americans' credit card debt rising
Retirees relying more on credit cards
By John Egan
The rocky years of the Depression shaped frugal and debt-shy consumers, but towering credit card balances now compel many seniors to seek
Their growing mortgage debt and credit card balances are of real concern, says George Gaberlavage, a director of policy research and development at AARP.
Some credit card holders older than 55 --already coping with fixed incomes and escalating medical expenses -- court trouble with credit cards because they're being "sandwiched." A new survey by Ameriprise Financial Inc. shows seniors often assist parents and adult children with loans, health insurance, rent, utilities and other expenses.
"My experience is that credit card debt is one of the top reasons seniors seek bankruptcy protection," says Barbara Whipple, a bankruptcy attorney in Latham, N.Y.
"Older consumers who turn to me for help are embarrassed, ashamed and often do not talk to their children about their financial problems. The biggest complaint I hear is,'I pay and pay every month, and my debt doesn't go down, even when I don't make purchases,' " Whipple says.
The availability of credit "has gone through the roof" over the past two decades, aided by the advent of credit scores and Wall Street's buying and selling of credit card debt, says Liz Pulliam Weston, a personal finance author and columnist. Twenty years ago, older Americans were less susceptible to credit crises because lending standards were much more stringent, she says.
Cate Williams, vice president of finance at Money Management International, a nonprofit organization that offers financial guidance and debt management services, says she expects the percentage of older Americans seeking pre-bankruptcy counseling to climb.
They're supposed to be in the best of their financial years, Williams says, but they've got "serious, serious debt" to get rid of.
Katie Porter, associate professor at the University of Iowa College of Law and project director of the 2001 Consumer Bankruptcy Project, says older Americans are especially vulnerable to the dangers of credit cards, because, among other things, they’re less likely to use debit cards as an alternative.
A report this year from the Institute for Financial Literacy indicated 14 percent of Americans seeking pre-bankruptcy counseling in 2006 were 55 to 64, yet that age group made up 10 percent of the U.S. population. Credit card bills often account for most of the debt.
Porter quotes a review of thousands of credit card accounts by the Massachusetts Institute of Technology Department of Economics which suggests that older Americans borrow at higher interest rates and cough up more late-payment, over-limit and cash-advance fees.
They try to pay their bills, only to be trapped by high interest rates and fees, Whipple says.
Facing rising costs for basic necessities, older consumers often are forced to make a choice to go without or borrow to pay," says Bob O'Connell, a member of the AARP Executive Council. “Of course, many older people go without, often at serious expense to their own well-being. But for those who have chosen to rely on the plastic safety net, borrowing increasingly means sky-high costs and the very real prospect of endless ... debt."
Retirees relying more on credit cards
By John Egan
The rocky years of the Depression shaped frugal and debt-shy consumers, but towering credit card balances now compel many seniors to seek
Their growing mortgage debt and credit card balances are of real concern, says George Gaberlavage, a director of policy research and development at AARP.
Some credit card holders older than 55 --already coping with fixed incomes and escalating medical expenses -- court trouble with credit cards because they're being "sandwiched." A new survey by Ameriprise Financial Inc. shows seniors often assist parents and adult children with loans, health insurance, rent, utilities and other expenses.
"My experience is that credit card debt is one of the top reasons seniors seek bankruptcy protection," says Barbara Whipple, a bankruptcy attorney in Latham, N.Y.
"Older consumers who turn to me for help are embarrassed, ashamed and often do not talk to their children about their financial problems. The biggest complaint I hear is,'I pay and pay every month, and my debt doesn't go down, even when I don't make purchases,' " Whipple says.
The availability of credit "has gone through the roof" over the past two decades, aided by the advent of credit scores and Wall Street's buying and selling of credit card debt, says Liz Pulliam Weston, a personal finance author and columnist. Twenty years ago, older Americans were less susceptible to credit crises because lending standards were much more stringent, she says.
Cate Williams, vice president of finance at Money Management International, a nonprofit organization that offers financial guidance and debt management services, says she expects the percentage of older Americans seeking pre-bankruptcy counseling to climb.
They're supposed to be in the best of their financial years, Williams says, but they've got "serious, serious debt" to get rid of.
Katie Porter, associate professor at the University of Iowa College of Law and project director of the 2001 Consumer Bankruptcy Project, says older Americans are especially vulnerable to the dangers of credit cards, because, among other things, they’re less likely to use debit cards as an alternative.
A report this year from the Institute for Financial Literacy indicated 14 percent of Americans seeking pre-bankruptcy counseling in 2006 were 55 to 64, yet that age group made up 10 percent of the U.S. population. Credit card bills often account for most of the debt.
Porter quotes a review of thousands of credit card accounts by the Massachusetts Institute of Technology Department of Economics which suggests that older Americans borrow at higher interest rates and cough up more late-payment, over-limit and cash-advance fees.
They try to pay their bills, only to be trapped by high interest rates and fees, Whipple says.
Facing rising costs for basic necessities, older consumers often are forced to make a choice to go without or borrow to pay," says Bob O'Connell, a member of the AARP Executive Council. “Of course, many older people go without, often at serious expense to their own well-being. But for those who have chosen to rely on the plastic safety net, borrowing increasingly means sky-high costs and the very real prospect of endless ... debt."
'Point cards' offer virtual rewards to video gamers
'Point cards' offer virtual rewards to video gamers
If you absolutely must transform into a hulking red ogre, spend 'gamer currency'
By Bobbi Dempsey
There is a new kind of plastic currency. If you don't play video games, you've probably never heard of it. However, if you have a child or teenager or other video game buff on your gift list, then you need a crash course in "gamer currency," where you pay real money for virtual advantages in imaginary worlds. Gamer currency lets you buys items for use in or with the games, and it comes in the form of plastic "point cards."
As often is the case in the real world, the more you spend, the more you get. Want a new "skin" to change the look of your Xbox's Halo 3 game? That runs a mere 150 points. But a Carved Idol Trinket, which provides temporary transformation into a hulking red ogre in the World of WarCraft game? As one would expect, that costs serious points: 25,000.
Clearly, plus for gamers is they can buy cool stuff to enhance their virtual experiences. But there are downsides:
The easy-to-lose cards aren't refundable.
Once used, the cards aren't rechargeable or partially redeemable.
They're not globally valid, so cards purchased in one country won't work in another.
Local currency determines the price per point, so some regions pay more (in terms of effective cost relative to the dollar) for the same number of points.
The two main systems using these point cards in the United States are Microsoft's Xbox 360 and Nintendo's the Wii.
Wii PointsWii downloads, available via the online Wii Shop Channel, cost a penny per point, or $20 per card. You can buy Wii Points in stores or online from Nintendo. Outside Japan, only 2,000-point cards are available.
The Wii Shop Channel offers the Virtual Console, as "Wii Ware" selections won't be unveiled until early 2008. With the console, players can download games originally designed for older Nintendo systems -- games players can now put on the Wii (and store in the system's memory). Prices range from 500 points for games designed for the NES system to at least 1000 points for Nintendo 64 games.
Microsoft PointsThe Xbox Live Marketplace and Zune (an online music store) both use Microsoft points , which let players buy extra maps, weapons, "gamertags" and other aids to vanquish opponents. Players must create an Xbox Live account to use or redeem points through the xbox.com site.
Microsoft plans to expand its Xbox points system to allow user-to-user transactions (say, if players want to buy from each other), although with no concrete target date.
World of Warcraft prepaid time cards bypass the risk of using credit cards for up to 60 days of playing time for World of Warcraft, an immensely popular role-playing game that requires users to pay a monthly subscription fee. An added advantage: If paying by credit card, users must pay an automatic monthly fee unless they cancel, whereas the time card involves no commitment.
Where to buyWii and Microsoft point cards are available at Target, Circuit City, Best Buy, Wal-Mart, EBGames and GameStop, in cartons or thick plastic packaging -- similar to the packaging of games -- to prevent theft, but Microsoft recently switched to a register-activated system to validate the cards. A scratch-off area on the cards reveals the unique code, which users must enter online (for both Microsoft and Wii cards) to redeem the points. www.worldofwarcraft.com
If you absolutely must transform into a hulking red ogre, spend 'gamer currency'
By Bobbi Dempsey
There is a new kind of plastic currency. If you don't play video games, you've probably never heard of it. However, if you have a child or teenager or other video game buff on your gift list, then you need a crash course in "gamer currency," where you pay real money for virtual advantages in imaginary worlds. Gamer currency lets you buys items for use in or with the games, and it comes in the form of plastic "point cards."
As often is the case in the real world, the more you spend, the more you get. Want a new "skin" to change the look of your Xbox's Halo 3 game? That runs a mere 150 points. But a Carved Idol Trinket, which provides temporary transformation into a hulking red ogre in the World of WarCraft game? As one would expect, that costs serious points: 25,000.
Clearly, plus for gamers is they can buy cool stuff to enhance their virtual experiences. But there are downsides:
The easy-to-lose cards aren't refundable.
Once used, the cards aren't rechargeable or partially redeemable.
They're not globally valid, so cards purchased in one country won't work in another.
Local currency determines the price per point, so some regions pay more (in terms of effective cost relative to the dollar) for the same number of points.
The two main systems using these point cards in the United States are Microsoft's Xbox 360 and Nintendo's the Wii.
Wii PointsWii downloads, available via the online Wii Shop Channel, cost a penny per point, or $20 per card. You can buy Wii Points in stores or online from Nintendo. Outside Japan, only 2,000-point cards are available.
The Wii Shop Channel offers the Virtual Console, as "Wii Ware" selections won't be unveiled until early 2008. With the console, players can download games originally designed for older Nintendo systems -- games players can now put on the Wii (and store in the system's memory). Prices range from 500 points for games designed for the NES system to at least 1000 points for Nintendo 64 games.
Microsoft PointsThe Xbox Live Marketplace and Zune (an online music store) both use Microsoft points , which let players buy extra maps, weapons, "gamertags" and other aids to vanquish opponents. Players must create an Xbox Live account to use or redeem points through the xbox.com site.
Microsoft plans to expand its Xbox points system to allow user-to-user transactions (say, if players want to buy from each other), although with no concrete target date.
World of Warcraft prepaid time cards bypass the risk of using credit cards for up to 60 days of playing time for World of Warcraft, an immensely popular role-playing game that requires users to pay a monthly subscription fee. An added advantage: If paying by credit card, users must pay an automatic monthly fee unless they cancel, whereas the time card involves no commitment.
Where to buyWii and Microsoft point cards are available at Target, Circuit City, Best Buy, Wal-Mart, EBGames and GameStop, in cartons or thick plastic packaging -- similar to the packaging of games -- to prevent theft, but Microsoft recently switched to a register-activated system to validate the cards. A scratch-off area on the cards reveals the unique code, which users must enter online (for both Microsoft and Wii cards) to redeem the points. www.worldofwarcraft.com
Thursday, November 1, 2007
CITI Professional Card with Thank you Network
*Get 10,000 bonus ThankYou Points after first purchase, redeemable for a $100 gift card.
*Earn 3 ThankYou Points for every dollar you spend on business purchases, at restaurants, gas stations, on auto rentals and at certain office supply merchants.**
*Designed to be used for business purposes only.
*Earn 1 point for every dollar you spend on other purchases.**
*No annual fee.
*A unique Online Expense Organizer that helps you use your online statement to customize reports for billing or reimbursement.
*Categorized monthly statements and quarterly and annual summaries.
*0% APR on Balance Transfers for 12 months.††††
- The 0% APR on balance transfers does not apply to purchases or cash advances.
- The 0% APR may increase if you default under any Card Agreement you have with us or fail
to make a payment to another creditor when due.
- Your payments will be applied to low APR balances before higher ones
Please read these Terms and Conditions.
By submitting this Application, you request on behalf of yourself and the Business that Citibank (South Dakota), N.A. (Citibank) establish a CitiBusiness® Card account ("Account") and issue a CitiBusiness® Card ("Card") accessing such Account, to you and any additional Cardholders you have designated. You understand that all information provided in this Application must be verifiable and accurate. Both you and the Business shall be liable individually and jointly for all charges and balances on the Account. The Account established and Cards issued hereunder shall be used for business purposes and shall be governed by the cardmember agreement ("Card Agreement") provided when the Card is issued, and as it may be amended from time to time.
Federal law requires Citibank to obtain, verify and record information that identifies each person and Business who opens an account, in order to help the government fight the funding of terrorism and money laundering activities. To process the Application, Citibank must have your name, street address, date of birth and other identifying information such as your Social Security Number. Also, Citibank must obtain the Business' legal name, its street address, and its Taxpayer Identification Number. You understand that Citibank may ask for additional identifying documents from you and the Business as well.
Citibank is authorized to investigate, obtain, and exchange credit reports about you and the Business from time to time. Information gathered about you or the Business may be used to verify your identity and the identity of the Business and to determine eligibility for the Account and any renewal or extension of credit. If asked, Citibank will indicate whether a consumer credit report has been obtained and the name and address of the agency that supplied the report.
If this Application for an Account is approved, a specific credit line will be assigned based upon your credit report and/or the credit report of the Business. Once you receive the Card, you must contact Citibank if a higher credit line is desired. You understand that Citibank may require that you submit additional documentation, such as the Business's financial statements, in order to process your request for a credit line increase. The Authorized Officer must be 18 years of age or older. This offer is available only if the Business does not already have a CitiBusiness® Card and, within the previous 90 days, has not applied for or received a CitiBusiness® Card.
By using the Card, authorizing its use, or not canceling the Account within 30 days after receipt of the Card, you and the Business agree to the terms of the Card Agreement, which will be sent with the card.
CITI Business Card with Thank you Network (Business Credit Card)
*Get 10,000 bonus ThankYou Points after first purchase, redeemable for a $100 gift card.
*Earn 3 ThankYou Points for every dollar you spend on certain business purchases like office supplies and business services .*
*Earn 1 point for every dollar you spend on other purchases.*
*No annual fee.
*Your company name on each card.
*Quarterly and annual account summaries broken out by employee and purchase category.
*0% APR on Balance Transfers for 12 months.†††
- The 0% APR does not apply to purchases or cash advances.
- The 0% APR may increase if you default under any cardmember agreement you have with
us because you pay us late, go over your credit limit, or have a returned check.
-Your payments will be applied to low APR balances before higher ones.
Terms and Conditions Reward Program Information
ThankYou NetworkCitiBusiness Card with ThankYou Network Terms and Condition.
•
ThankYou® Network is offered to certain cardmembers (“you”) at the sole discretion of Citibank (South Dakota), N.A. (“we”), the issuer of your card account (“Card Account”). ThankYou Network or any portion thereof may be revised or terminated with 30 days prior written notice. If ThankYou Network is terminated, you will only have 90 days from termination date to redeem all your accumulated ThankYou Network points ("ThankYou Points"). However, ThankYou Network rewards may be changed or substituted, as well as ThankYou Point levels required for specific ThankYou Network rewards adjusted, at any time without prior notification.
•
Unless you are participating in a limited-time promotional offer, you will earn three ThankYou Points for every dollar you spend on purchases at certain office supply merchants, and on professional services, and one ThankYou Point for every dollar you spend on all other purchases. You can only earn ThankYou Points on purchase transactions, no other transactions qualify. Office supply merchants are defined as stand-alone merchants that primarily sell stationery and office supplies for business consumption. Professional services are defined as stand-alone tax preparation, accounting, bookkeeping, and legal services providers that provide their respective services to businesses.
•
Purchases not eligible to receive the three points include, but are not limited to, purchases made at warehouse clubs, discount stores, department stores and convenience stores. Online, catalog, mail order and telephone purchases are not eligible to receive three ThankYou Points unless the merchants appropriately identify the transactions.
•
We do not determine whether merchants appropriately identify all transactions you make on your Card Account, but we do reserve the right to determine which purchases qualify to receive ThankYou Points. You can earn up to 100,000 ThankYou Points during any calendar year (eligible purchases appearing on your January–December billing statements). You may earn ThankYou Points as long as your Card Account is open and current. ThankYou Points expire three years from the end of the calendar year in which they are earned unless ThankYou Network is terminated.• If you are approved for a Card Account, a ThankYou Network Member Account (“ThankYou Member Account”) will be set up for you, the Authorized Officer. ThankYou Points post to your Card Account at the close of each billing cycle, and at that time we will transfer ThankYou Points you earned to your ThankYou Member Account. The ThankYou Points transferred to the Authorized Officer’s ThankYou Member Account will include those earned through purchases made with an additional employee card. ThankYou Points are not eligible for redemption until they are transferred to your ThankYou Member Account. ThankYou Points can only be redeemed by the Authorized Officer, but may be used for another person.
Wednesday, October 31, 2007
CITI PremierPass Card Elite Level (Personal Credit Card)
CITI PremierPass Card Elite Level (Personal Card)
*15,000 bonus points after first purchase, within 2 months of account opening.
*Get a complimentary companion ticket every time you buy a qualifying ticket.
*Earn 1 point for every mile flown with any airline on tickets you buy for anyone.††
*Earn 2 points for every dollar you spend at gas stations, supermarkets, and drugstores, plus earn 1 point for every other dollar you spend on all other purchases.††
*Redeem points for: flights on any airline with no blackout dates; discounts on hotel stays, retail gift cards, and more through ThankYou Network rewards program.
0% APR on Balance Transfers for 12 months.††
- The 0% APR does not apply to purchases and cash advances.
- The 0% APR may increase if you default under any cardmember agreement you have
with us because you pay us late or have a returned check.
-Your payments will be applied to low APR balances before higher ones.
1 You will receive 6,000 bonus points after your first purchase with your Diamond Preferred Rewards Card as long as you use it within 3 months of account opening. Once these points postto your account, you can redeem for your choice of a $50 gift card good at leading nationalmerchants. See program details for complete merchant listings.
2 The Citibank Price Protection Program is underwritten by Triton Insurance Company. Certainconditions, limitation and exclusions apply. Details of coverage will be provided once youbecome a cardmember.
3 You will receive 10,000 bonus points after your first purchase with your CitiBusiness Cardwith ThankYou® Network. Points will appear as a bonus on your Card account within 1-2billing cycles after your first purchase with the card.
4 Airline participation in the complimentary companion travel program varies from market tomarket and is based on airline controls and availability. Passenger is responsible for all fees,taxes and charges incurred with the travel and must make reservations through SpiritIncentives. Details will be provided upon cardmembership.
5 You will receive 10,000 bonus points after your first purchase with your Citi ProfessionalCard with ThankYou® Network. Points will appear as a bonus on your Card account within 1-2 billing cycles after your first purchase with the card.
Please read these Terms and Conditions.
Please note that the Terms and Conditions for the Citi PremierPass® Card - Elite Level account, including the Initial Disclosure Statement, will be provided to you electronically.
Before you receive an account number, if approved for credit, you will be asked to confirm that you agree to receive your Initial Disclosure Statement electronically and that you have the software and equipment necessary to view and retain a copy of the Initial Disclosure Statement.
CITI DISCLOSURES
Annual Percentage Rate (APR) for purchases
13.74% variable
Other APRs
Balance transfer APR: As long as balance transfers are completed within 12 months from date of account opening, 0.00% for 12 months from date of first balance transfer . After that same as for purchases . Cash advance APR: 22.74% variable. Default APR: 31.74% variable. See explanation below.*
Variable rate information
Your APRs may vary each billing period. **
*The purchase and balance transfer APR equals the Prime Rate plus 5.99%.
*The cash advance APR equals the Prime Rate plus 14.99% (never lower than 19.99%).
*The default APR equals the greater of (1) the Prime Rate plus up to 23.99% or (2) up to
28.99%.
Grace period for repayment of the balance for purchases
At least 20 days if you pay the total balance in full by the due date every billing period. If you do not, you will not get a grace period.
Method of computing the balance for purchases
Average daily balance. This includes new purchases.
Minimum finance charge
50 cents.
Annual fees
$75.00
Fee for purchases made in a foreign currency
3% of each purchase after it is converted into US dollars.
Other fees
Balance transfer fee: 3% of each balance transfer; $5 minimum.
There is no fee with the 0.00% APR balance transfer offer described above.
Cash advance fee: 3% of each cash advance; $5 minimum.
Late fee:
• $15 on balances up to $100
• $29 on balances of $100 up to $250
• $39 on balances of $250 and over
*How can your actions trigger the default APR? If you default under any card agreement you have with us because you
• do not make the minimum payment when due, or
• make a payment to us that is not honored,
all your APRs may automatically increase to the default APR. We set your default APR by reviewing (1) the seriousness of your default with us and (2) your credit history.
**How do we calculate variable rates? For each billing period we use the Prime Rate published in The Wall Street Journal two business days before the Statement/Closing Date.
How do we apply your payments? We apply your payments to low APR balances first. You cannot pay off higher APR balances until you pay off lower APR balances. That means your savings from any promotional APR offer will be reduced if you make purchases or cash advances that have higher APRs.
When can we change the rates, fees, and terms of your card agreement? We will not voluntarily increase your rates and fees or change other terms of your card agreement until your card expires, typically in two years. At that time, we will review your credit history and general market conditions. If we decide to make changes after our review, you will receive advance notice and a right to opt out. If you opt out, we will close your account. You can then pay the remaining balance under the old rates, fees, and terms. Of course this paragraph does not apply to the automatic default APR and Prime Rate changes. It also does not apply to changes required by law, our regulators, or our network providers
TERMS AND CONDITIONS OF OFFER
•
This offer is only valid for new accounts. You must be at least 18 years of age. If you are married, you may apply for a separate account. Citibank (South Dakota), N.A. ("we" or "us") is the issuer of your account.
•
Federal law requires us to obtain, verify, and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities. To process the application, we must have your name, street address, date of birth, and other identifying information, and we may ask for identifying documents from you as well.
•
Please allow four weeks from date of submission to process a completed application.
•
We may gather information about you, including from your employer, your bank, credit bureaus, and others, to verify your identity and determine your eligibility for credit, renewal of credit, and future extensions of credit. If you ask us, we will tell you whether or not we requested a credit bureau report and the names and addresses of any credit bureaus that provided us with such reports.
•
To receive a Citi PremierPass® Card - Elite Level, you must meet our applicable criteria bearing on creditworthiness. Your credit limit will be determined by your yearly income and a review of your credit report. You will be informed of the amount of your credit line when you receive your card. Some credit lines may be as low as $2000. Please note that cash advances may be limited to a portion of your credit line.
•
If you are approved for credit, you will receive a cardmember agreement ("Card Agreement") with your card. Read it carefully for important information regarding your account. The Card Agreement will be binding on you unless you cancel your account within 30 days after receiving your card and you have not used or authorized use of your account.
Tuesday, October 30, 2007
CITI Daimond Preferred Reward Card (Personal Card)
CITI Daimond Preferred Reward Card
Reward for everyday spending
* Get 6,000 bonus ThankYou Points after first purchase within 3 months of account opening,
redeemable for a $50 gift card. 1
* Earn 5 ThankYou Points for every dollar you spend
at supermarkets, drugstores and gas stations for 12 months.†
* Earn 1 point for every dollar you spend elsewhere.
* No annual fee.
* Savings on previous purchases with the Price Protection Program.2
* 0% APR on Balance Transfers for 12 months.†
- The 0% APR does not apply to purchases and cash advances.
- The 0% APR may increase if you default under any cardmember agreement you have
with us because you pay us late, go over your credit limit, or have a returned check.
- Your payments will be applied to low APR balances before higher ones.
1 You will receive 6,000 bonus points after your first purchase with your Diamond Preferred
to your account, you can redeem for your choice of a $50 gift card good at leading national
merchants. See program details for complete merchant listings.
2 The Citibank Price Protection Program is underwritten by Triton Insurance Company. Certain
conditions, limitation and exclusions apply. Details of coverage will be provided once you
become a cardmember.
3 You will receive 10,000 bonus points after your first purchase with your CitiBusiness Card
with ThankYou® Network. Points will appear as a bonus on your Card account within 1-2
billing cycles after your first purchase with the card.
4 Airline participation in the complimentary companion travel program varies from market to
market and is based on airline controls and availability. Passenger is responsible for all fees,
taxes and charges incurred with the travel and must make reservations through Spirit
Incentives. Details will be provided upon cardmembership.
5 You will receive 10,000 bonus points after your first purchase with your Citi Professional
Card with ThankYou® Network. Points will appear as a bonus on your Card account within 1-
2 billing cycles after your first purchase with the card.
Please read these Terms and Conditions. Please note that the Terms and Conditions for the Citi® Diamond Preferred® Rewards Card account will be provided to you electronically.
CITI DISCLOSURES
Annual Percentage Rate (APR) for purchases
13.24% variable.
Other APRs
Balance transfer APR: As long as balance transfers are completed within 12 months from
date of account opening, 0.00% for 12 months from date of first balance transfer . After
that same as for purchases.
Cash advance APR: 22.74% variable. Default APR: 31.74% variable. See explanation below.*
Variable rate information
Your APRs may vary each billing period. **
The purchase and balance transfer APR equals the Prime Rate plus 5.49%.
The cash advance APR equals the Prime Rate plus 14.99% (never lower than 19.99%).
The default APR equals the greater of (1) the Prime Rate plus up to 23.99% or (2) up to 28.99%.
Grace period for repayment of the balance for purchases
At least 20 days if you pay the total balance in full by the due date every billing period. If you do not, you will not get a grace period.
Method of computing the balance for purchases
Average daily balance. This includes new purchases.
Minimum finance charge 50 cents.
Annual fees None.
Fee for purchases made in a foreign currency
3% of each purchase after it is converted into US dollars.
Other fees
Balance: 3% of each balance transfer; $5 minimum. A $75 maximum fee applies to the 0.00%
tranfer fee : APR balance transfer offer described above.
Cash advance fee: 3% of each cash advance; $5 minimum.
Late fee:
• $15 on balances up to $100 • $29 on balances of $100 up to $250 • $39 on balances of $250 and over
Over-the-credit-line fee: $39
*How can your actions trigger the default APR? If you default under any card agreement you have with us because you
• do not make the minimum payment when due,
• go over the credit line, or
• make a payment to us that is not honored,
all your APRs may automatically increase to the default APR. We set your default APR by reviewing (1) the seriousness of your default with us and (2) your credit history.
**How do we calculate variable rates? For each billing period we use the Prime Rate published in The Wall Street Journal two business days before the Statement/Closing Date.
How do we apply your payments? We apply your payments to low APR balances first. You cannot pay off higher APR balances until you pay off lower APR balances. That means your savings from any promotional APR offer will be reduced if you make purchases or cash advances that have higher APRs.
When can we change the rates, fees, and terms of your card agreement? We will not voluntarily increase your rates and fees or change other terms of your card agreement until your card expires, typically in two years. At that time, we will review your credit history and general market conditions. If we decide to make changes after our review, you will receive advance notice and a right to opt out. If you opt out, we will close your account. You can then pay the remaining balance under the old rates, fees, and terms. Of course this paragraph does not apply to the automatic default APR and Prime Rate changes. It also does not apply to changes required by law, our regulators, or our network providers.
TERMS AND CONDITIONS OF OFFER
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This offer is only valid for new accounts. You must be at least 18 years of age. If you are married, you may apply for a separate account. Citibank (South Dakota), N.A. ("we" or "us") is the issuer of your account.
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Federal law requires us to obtain, verify, and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities. To process the application, we must have your name, street address, date of birth, and other identifying information, and we may ask for identifying documents from you as well.
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Please allow four weeks from date of submission to process a completed application.
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We may gather information about you, including from your employer, your bank, credit bureaus, and others, to verify your identity and determine your eligibility for credit, renewal of credit, and future extensions of credit. If you ask us, we will tell you whether or not we requested a credit bureau report and the names and addresses of any credit bureaus that provided us with such reports.
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To receive a Citi® Diamond Preferred® Rewards Card, you must meet our applicable criteria bearing on creditworthiness. Your credit limit will be determined by your yearly income and a review of your credit report. You will be informed of the amount of your credit line when you receive your card. Some credit lines may be as low as $500. Please note that cash advances may be limited to a portion of your credit line.
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If you are approved for credit, you will receive a cardmember agreement ("Card Agreement") with your card. Read it carefully for important information regarding your account. The Card Agreement will be binding on you unless you cancel your account within 30 days after receiving your card and you have not used or authorized use of your account.
DETAILS AND INSTRUCTIONS FOR BALANCE TRANSFERS
Just follow these simple steps to start saving money on your high-interest cards.
After receiving your card, you may call our customer service number to transfer your high rate balances.
You may transfer any amount, as long as the total amount (including any balance transfer fee) does not exceed your available credit line. Be sure you do not transfer the amount of any disputed purchase or other charge, because you may lose your dispute rights. Also, continue to make payments on your other accounts until your balance transfer is processed.
We may not approve future balance transfers if you default under any card agreement you have with us. Please note you cannot transfer balances from other accounts issued by Citibank (South Dakota), N.A. or its affiliates.
Finance charges will be assessed on balance transfers from the date the transaction is posted to your account. At that time, any balance transfer fees associated with this offer will be included in total in your minimum payment amount.
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