Review: Citi Dividend Platinum Select Visa Card -- $100 cash-back offer
By Peter Andrew
My niece Jemma called recently, and launched into a long sob story about juggling small kids (it should be an Olympic sport) with trips to the laundromat. Her washer had recently broken down, and couldn't be repaired economically. She was too financially responsible -- something she didn't get from my side of the family -- to dip into her emergency fund, and was saving up for a new one.
The first questions I asked Jemma were whether she'd bought the old machine using a credit card, and, if so, how long ago she made the purchase. I was wondering whether her card offered an extended warranty, which might have doubled the coverage of a manufacturer's one. But the defunct washer was ancient so that was a non-starter. My second inquiry was whether she'd thought of applying for a zero-interest balance-transfer credit card offer. Most of these offer interest-free introductory periods for purchases as well as transfers, so she could easily pay down her new appliance over a year at precisely the same cost (nothing) as saving up -- but without those pesky laundromat trips. One of the cards I could safely have recommended was the Citi® Dividend Platinum Select® Visa® Card- $100 Cash Back.