The Citi PremierPass Elite Level Card is designed for those with very good credit who may also be looking for a card that offers rewards.
Through the reward program, cardholders earn two points for every dollar spent on purchases made at supermarkets, drugstores, gas stations, commuter transportation, and parking merchants. One point is earned for all other general purchases and for every one mile flown on any airline. Points can be redeemed for flights on any airline, gift certificates, merchandise, and credits through the ThankYou Redemptions Network. The maximum number of points that can be earned per year is 200,000, and points will expire in three years if the account has not been active during that time.
Aside from the reward program, cardholders can expect access to a variety of platinum benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
Although this card has a slightly high annual fee of $75, it does offer a reasonable interest rate for purchases and balance transfers. There is also an attractive 0% introductory rate available for balance transfers for the first twelve months of membership. However, there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
Therefore, those who will be able to take advantage of the reward program and the additional services available will benefit most from what the Citi PremierPass Elite Level Card has to offer.
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