(UPDATE: The Citi Forward® for Students card is no longer available.)
Citi Forward for College Students caters to the spending habits of a student, while also rewarding responsible financial behavior. Cardmembers earn 5 ThankYou points for every $1 spent at restaurants, book stores, music stores, video rental stores and movie theaters. Everything else earns 1 point per dollar spent.
The Citi Forward card also offers 100 bonus points for each month that you pay on time and not exceed your credit limit. The card has no annual fee.
With Citi Forward for College Students, Jake would earn 15,280 in points per year, which translates to $76.80 annual cash back:
- $1,200 ($600 per semester) at bookstores = 6,000 points = $30
- $2,080 ($40 per week) on gas = 2,080 points = $10.80
- $1,040 ($20 per week) at restaurants = 5,200 points = $26
- $2,000 on other = 2,000 points = $10
However, the points can be redeemed for a student loan rebate -- to any lender -- for a much better value. The 15,280 points would translate to $152.80 if redeemed for a student loan rebate (Citibank will write a check payable to the lender).
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