Citi Forward Card for College Students: Get Rewarded for Using Credit Responsibly

Early last month, Citibank introduced a new card, Citi Forward Card, which rewards cardholders for using the card responsibly by lowering the interest rate up to 2%. The concept of rewarding good behaviors is quite unique, especially in this environment where every major credit card issuers are raising rates, sometimes even without any reason. So it will be nice to see a rate reduction

In addition to the standard card, Citi Forward also has another version tailored for college students. It’s called Citi Forward for College Students, which has similar benefits as the standard card:

• No Cosigner required
• APR reduction on purchases when using credit wisely
• 100 ThankYou Points each billing period that you pay on time and stay under your credit line
• Earn 1,000 points after you sign up for paperless statements within the first 3 months of account opening.
• No annual fee

And like the standard card, you can get a 0.25% reduction in APR when you make a purchase, stay under your credit line and pay at least minimum amount due on time 3 billing periods in a row (up to 2% APY can be reduced through the lifetime). In addition, it also offers 0% APR if you qualify for 7 months on purchases, after that, the APR will be 13.99% – 22.99%.

Reward points are given as Citi ThankYou points that can be redeemed for merchants and gift cards at ThankYou Network.