Citi Introduces Home Rebate Platinum Select Mastercard

Thursday 15 April 2004 09:36 CET | News

Citi has launched the new Citi Home Rebate Platinum Select MasterCard featuring the only rebate program of its kind. Just by filling their car up with gas, buying groceries, redecorating, or taking a vacation, consumers can turn everyday purchases into big mortgage savings.

Every purchase earns cardmembers a rebate that is applied toward their mortgage principal, with any bank or financial institution, annually. Cardmembers can start to earn rebates immediately by using their Citi Home Rebate Card to pay their mortgage loan application fees. In fact, CitiMortgage customers have taken advantage of the program since the beginning of the year and have already begun to realize savings. Savings towards mortgage principal are only the beginning. By applying a full 1% rebate from Citi Home Rebate Card purchases towards the mortgage principal, customers can significantly reduce the total interest over the life of the mortgage. Savings with the Citi Home Rebate Card can be estimated with the on-line mortgage savings calculator at There is no limit on the rebate amount cardmembers can earn, so the more customers use the Citi Home Rebate Card, the faster they can pay down the principal of their mortgage, thus reducing the interest and term of their mortgage. The Citi Home Rebate Platinum Select® MasterCard® offers top-level benefits, including: - No Annual Fee - $0 liability on unauthorized purchases - 0% APR on purchases and balance transfers for a full six months - Flexible payment options - Free and secure online account management - Auto rental insurance - Emergency travel assistance - Travel accident insurance - Extended warranty - Acceptance at 32 million locations around the world - Citi Identity Theft Solutions - Fraud Early Warning gives 24-hour protection from fraud - Lost Wallet Service, which quickly replaces a customers card if its lost or stolen, and also provides the customer with emergency cash (subject to available cash advance limit)

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce