Citi - Upromise Platinum Select Mastercard Reviews

I started using my citi right away for gas intead of my previous card.  I used it for groceries and some other shopping.  I eventually signed up for the 529 with a min contribution of $250.  It was a one time contribution or you could set up a monthly contribution.

When my upromise account statement comes I love looking at the transactions posted to my account because there is always something going into my college fund.  It has now earned over $1000 since I first joined.  Please read info on it before joining because there are fees associated with the 529 and you may want to ask your tax advisor. ...

Have used the Citi Upromise Platinum Select Mastercard for the last 2 years and I still love it.  I am able to save 1% of my purchases in my Upromise account for my children's education.  There is no annual fee, but the APR is a bit higher than some of my other credit cards.  The payment due date also changes, which can be a hassel.  The website makes it easy to make payments online and keep track of your account.  Another great feature is that you can add your picture to the card and get online security account numbers to use when shopping online.  I have not used these features yet, but...

The amount U-promise takes out and puts into savings from your card is so minimal it will be worth almost nothing by the time your child starts college. Inflation and your spending habits affect the outcome greatly. I've been using this for over 10 years and still there's only 10 dollars in my child's savings. Even looking specifically for the upromise labelled goods which are almost never on sale or the best valued items. It would be better to set up a savings account, maybe with Gerber life, and put in 5-10 dollars out of every paycheck until they are college ready. It's free but a waste of time....

I have had this credit card since my son was born in 2000. I have about $1500 in college savings - which may not seem like a lot, but when you are living paycheck to paycheck ANYTHING you but away feels good. I like citibank as I feel secure with them ... any problems I have had has been resolved very satisfactorily. The interest rate is higher than I would like, but it is really not too much of a problem so long as you can pay your bill every month.

Upromise Credit Card.

cons: short time to meet balance due date (less than 20 days);  cust service not helpful in removing late fee when only day late; charges high fee to `maintain' 529 plan; low maximum amount allowed per year; minimal amount that you actually `get back'

pros:  529 plan; some vendors give good points

I use my UPromise card for most of my purchases.  I wish a larger percent of my purchases was going toward the school loan, but any amount is good.  I am going to make the charges anyway, so I might as well have a card that will help pay down the school loan.

 Mary

U Promise is a really great way to help your grandchildren with college.  if you have more than one, you can allott a percentage to each grandchild as you choose.