Credit Cards

Citi® Dividend Platinum Select® MasterCard® Review

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Last updated on December 2, 2020 Comments: 9

Note: This card is no longer available to new applicants.

Citi has re-launched its second $100 bonus cash back credit card with the Citi® Dividend Platinum Select® MasterCard® – Limited Time Offer. This card is included in the list of the best cash back credit cards, and with the latest offer of $100 bonus cash back after making $500 in purchases during the first three months of card ownership, it might deserve the top spot.

The Citi® Dividend Platinum Select® MasterCard® offer also includes a top-notch regular cash back rewards program. All cardholders will earn 5% cash back on home furnishing, home improvement and home and garden purchases from April 1, 2011 to June 30, 2011, at which point the 5% cash back categories will change. All other purchases will be rewarded with 1% cash back. In addition, when you shop online through the Citi Bonus Cash Center, you can earn even more cash back — an average of 5%.

Stepping away from the cash back side of this card, the Citi® Dividend Platinum Select® MasterCard® is also great for anyone looking to make a balance transfer. This card includes a 0% introductory APR on balance transfers and purchases for 15 months, with a balance transfer fee of 3% ($5 minimum). After you’ve exhausted your introductory period, your APR becomes a variable 12.99% to 20.99%, depending on your credit worthiness. This rate is also your APR for purchases beginning with the first day you open your account.

The last feature that makes the Citi® Dividend Platinum Select® MasterCard® – Limited Time Offer attractive is the lack of an annual fee*. While this is common among the best cash back credit cards available today, it’s nice to see that cardmembers can own this card free of charge year after year, particularly after the changes in the industry brought on by the Credit CARD Act.

Consider earning 5% cash back and a $100 cash back bonus with the Citi® Dividend Platinum Select® MasterCard® . Citi could remove this offer at any time, so take advantage of it while it lasts.

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Article comments

Anonymous says:

The payouts are in $50 increments only, so if you have $63 in rewards, you’ll get a check for $50.

Jim mentioned the $300 limit.

I’ve had this card for years, and our interest rate was fairly recently raised to 29.99%. We don’t carry a balance and haven’t for a long long time, but I thought that was pretty ridiculous.

Anonymous says:

AARP sponsors a Chase credit card that will give you 5% cash rebate on ALL purchases for the first six months, then 1% on all purchases and no limit per year as far as I can tell. You can apply for rebates after each $25 accrues.

Anonymous says:

I’ve had a Citi Dividend card for 17 years and I’m quite happy with it.

Citi seems pretty good about watching for unusual activity that could be due to theft. I occasionally get calls from them questioning activity to make sure its valid. The dividends work just fine and are payable in cash with a $50 minimum so its no hassle at all. They do have a $300 cap on rewards for the year but thats a lot more than most people will hit.

Anonymous says:

I’ve had my Citi Dividends card for seven years, and my wife has had hers for over five. I think it’s a great card. Although other cards out there have come around that have similar or maybe slightly better rewards, I haven’t switched because I’ve been very happy with our Citi card. We’ve gotten hundreds of dollars in cash back over the years, all while never paying a dime in interest rates or annual fees. I would highly recommend this (and have!)

Anonymous says:

I can’t wait until my credit recovers so I can have one or two good cashback cards to rely on. One day…one day.

Anonymous says:

keep going after it TakeitEZ, your day will come!

Anonymous says:

I’ve always been a fan of the Citi Diamond Preferred card, in the past they were more similar to the City Dividend Platinum Select, but while the Citi Dividend Platinum Select gives 5% in cash, the Diamond Preferred give you 5 points for every dollar spent it in Thank You award points. In the past this was practically equivalent, but not so anymore. Now I have to make sure I get that 5 point = 5 cents conversion number…

So I think I’ll convert to the Citi Dividend Platinum card instead. Thanks for the info!

Anonymous says:

Cool! I need another card so I probably will sign up for this. Don’t worry, I only have one card right now with no balance. 🙂

Anonymous says:

If it matches your spending, then go for it. A lot of cards are doing the rotating categories now. You just have to remember to sign up for them each quarter.