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Anybody have the Citi "U-Promise" card?


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There is not much info at all on the net about this card. Whogavemecredit has maybe 5 entries pertaining to it. Does anybody here have it? I really want this card and am trying to gauge my chances of getting it here in the next few months, (gotta pay down some store cards to get my scores back up first). It's really the only card that I need to use and not just have for utilization, since it will help save for my kids college education. And with a 2½ year old and expecting a little boy in April, it's about time to start!

Thanks ya'll!

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  • 2 years later...
Why not put your money into a 529 plan rather than using a credit card to help save for your children's education?

Okay umm this is a really really old thread. :lol: When I posted it I was still in the process of trying to build up my credit and trying to find a few cards I really liked.

Ya know what though? If I qualified for it now-I'd get it. It's actually a really neat card and if you used it right you could reap alot of benefits.

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Bah, cap1kid dredged it up. I didn't even check the date. Doh!

Still, though, a 529 plan is a great way to save for your kid's education expenses and anyone can contribute to them in small (we're talking $10-$15) increments, allow you to ask for that in lieu of birthday gifts or anything. Some states (like Ohio) offer tax benefits for investing in a 529. I just have my two set on auto-deduction monthly.

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Bah, cap1kid dredged it up. I didn't even check the date. Doh!

Still, though, a 529 plan is a great way to save for your kid's education expenses and anyone can contribute to them in small (we're talking $10-$15) increments, allow you to ask for that in lieu of birthday gifts or anything. Some states (like Ohio) offer tax benefits for investing in a 529. I just have my two set on auto-deduction monthly.

Interesting! I wonder if I could get tax benefits for it.

Thanks! :)

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Interesting! I wonder if I could get tax benefits for it.

Thanks! :)

According to www.finaid.org, Texas has no state income tax so there's no deduction to claim. Their in-state 529 plans are rated well, though.

http://www.finaid.org/savings/state529deductions.phtml lists who offers tax benefits and who doesn't, and they give a general list of best overall plans at http://www.finaid.org/savings/529ratings.phtml (there are other sites that rate 529's as well). Since 529 plans are sort of a "college 401k" (though they offer CDs as well), their performance is obviously in the tank along with every other 401k style plan, but to me that makes it the perfect time to dump in extra money and snap up investments on the cheap.

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According to www.finaid.org, Texas has no state income tax so there's no deduction to claim. Their in-state 529 plans are rated well, though.

http://www.finaid.org/savings/state529deductions.phtml lists who offers tax benefits and who doesn't, and they give a general list of best overall plans at http://www.finaid.org/savings/529ratings.phtml (there are other sites that rate 529's as well). Since 529 plans are sort of a "college 401k" (though they offer CDs as well), their performance is obviously in the tank along with every other 401k style plan, but to me that makes it the perfect time to dump in extra money and snap up investments on the cheap.

Thanks for all the info!

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