Citi Rewards+℠ Student Card review

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Citi Rewards+℠ Student Card

Rewards rate

1X–2X

Annual fee

$0

Intro offer

2,500 points

Regular APR

13.74% - 23.74% (Variable)

Recommended Credit Score

Good to Excellent  (670 - 850)

Citi is an advertising partner

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The information about the Citi Rewards+ Student Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Citi Rewards+℠ Student Card Overview

With the Citi Rewards+ Student Card, you’ll earn 2X ThankYou® Points at supermarkets and gas stations on the first $6,000 you spend per year (1x point after) and 1x points on everything else.

This card offers no annual fee and an introductory zero percent APR for seven months on purchases (13.74 percent to 23.74 percent, variable, thereafter) so that you can pay off purchases without accruing interest for over half a year. And when you spend $500 within the first three months of account opening, you’ll earn 2,500 bonus points.

One of the coolest aspects of the Citi Rewards+ Student Card is its Round-Up feature, which automatically rounds your points up to the nearest 10 points on every purchase. That means a $2 sports drink could earn you 10 points. Plus, you’ll get 10 percent Points Back on the first 100,000 ThankYou® Points you redeem each year.

What are the pros and cons?

Pros

  • 2,500-point bonus when you spend $500 in the first three months of account opening
  • Points are rounded up to the nearest tenth
  • 10 percent Points Back on the first 100,000 points you redeem each year
  • 0 percent introductory APR for seven months on purchases (13.74 percent to 23.74 percent, variable, thereafter)
  • No annual fee

Cons

  • Balance transfer fee of $5 or 3 percent of the amount of each transfer (whichever is greater)
  • The high end of the ongoing APR can be on the higher end of the spectrum (13.74 percent to 23.74 percent variable)

A deeper look into the current card offer

To apply for the Citi Rewards+ Student Card, you can visit their online application. You must be 18 years or older, have a valid Social Security Number and currently be attending a college or university as an undergraduate or graduate student.

How much are rewards worth?

The Citi Rewards+ Student Card’s 2,500 welcome bonus is worth around $25 and can be redeemed for a $25 gift card at thankyou.com. If you redeem your welcome bonus before hitting the 100,000-point redemption mark, you could earn back 250 points with the 10 percent Points Back feature.

If every week for a year you spend $32 at supermarkets (70 points with the Round-Up tool), $43 on gas (90 points with Round-Up) and $34 on miscellaneous items (40 points with Round-Up), you’d earn about 10,400 points a year, equal to $104 in rewards. Plus, when you redeem those points, you’ll earn back 1,040 points.

For a more in-depth look at how to best take advantage of the rewards structure offered with the Citi Rewards+ Student Card, check out our Citi ThankYou Points guide.

How to redeem rewards

To redeem your ThankYou® Points, visit thankyou.com or call 1-800-THANKYOU. You won’t qualify for the 2,500 welcome bonus if you’ve already closed or have received a bonus for the following cards in the past 24 months: Citi Rewards+® Card, Citi ThankYou® Preferred or Citi Prestige®.

Bankrate’s Take: Is the Citi Rewards+ Student Card worth it?

If you’re a student looking for a simple way to build credit and earn points on everyday purchases like gas, books and coffee (without paying a pesky annual fee) the Citi Rewards+ Student Card could be a great fit.

You’ll have the option to shop with your ThankYou® Points at Amazon.com or BestBuy.com, allowing you to purchase books and technology for the semester using your rewards.

If you enjoy concerts and other entertainment, this card comes with benefits like Citi® Private Pass®, which gets you access to purchase tickets or VIP packages to concerts, sporting events and more.