The Citi Forward(SM) Card for college students is by far one of my favorite cards on the market today. Citi Bank is already known for rewarding college students for good behavior when it comes down to credit cards. Not only that, you'll also get points that can be exchanged for anything ranging from gift cards to books or whatever, you name it, you can get it.

Let's take a look at how this card works and how it can benefit you --

The cool thing about this card is that you're able to get a rate reduction if you pay off your bill on time 3 billing periods in a row, make a purchase and stay below your credit limit. While I recommend you pay your card off in full to avoid charges altogether, this is a great incentive for those that can't pay their bill off in full. No other card does this for you.

For every dollar you spend on dining, books, movies and music, you're going to get 5 points per dollar. You can then turn around and use these points on Citi Bank's great Thank You network. As I mentioned above, you'll be able to get books, gift cards or whatever your heart desires. For all other purchases, you'll get $1 per point.

Before you apply, be sure to check out what kind of bonuses are happening. You may get points for making your first purchase or signing up for paperless statments. All in all, I give this card a huge thumbs up!