The Citadel Visa Platinum Card Review | CreditShout

The Citadel Visa Platinum Card Review

By Dan Rafter / October 15, 2011

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The Verdict: Are you an alumni or student at The Citadel, one of the oldest military colleges in the country? If so, you might consider applying for The Citadel Visa Platinum Card. This card doesn’t come with a rewards program. But it does offer an attractive purchase interest rate, depending on the state of your credit. And every time you use this card to make a purchase, The Citadel will receive a small financial donation.

Overview: This is a standard credit card. Baring an image of Citadel cadets, the card offers high credit limits and solid interest rates. It also comes with fraud protection and both travel, accident, and auto rental insurance.

How This Card Works: As long as you pay your bill in full every month, you won’t be charged interest. There is no annual fee with this card.

Shopping and Travel Benefits: Though this isn’t a rewards card, it does provide alumni and students of The Citadel the chance to support their school. Cardholders do this every time they charge an item with their Platinum card. The card offers credit limits of up to $25,000, 100-percent fraud protection, $500,000 worth of travel accident insurance and auto rental insurance when cardholders charge their entire car rental on their Platinum card.

Fees: If your credit is good, your Platinum card will come with a solid purchase interest rate of 11.99 percent. HOwever, if your credit is weak, your purchase interest rate can soar all the way to 23.99 percent. The card does come with an introductory interest rate on purchases and balance transfers of 0 percent for the first six billing cycles. Cash advances cost $10 or 4 percent of the advance amount, whichever figure is higher. Penalty fees for late payments, returned payments or going over your credit limit can hit up to $35.

Pros:

  • Solid interest rates for cardholders with good credit
  • 0 percent introductory interest rate offer on both transfers and new purchases
  • An easy way to support The Citadel

Cons:

  • No rewards program
  • Purchase interest rate can soar as high as 23.99 percent if your credit is weak
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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