The CitiBusiness PremierPass Card, issued by Citibank, is designed for those who are looking to maintain and manage all business related expenses with one credit card and plan to take advantage of the reward program.
Through the reward program, cardholders earn 3 points (2 "ThankYou Select Spend Points" and 1 "Thank You Purchase Point") for every dollar spent on professional business purchases or services (restrictions do apply). One point is awarded for every dollar spent on all other general purchases. In addition, when purchasing any airline ticket with the card, one “ThankYou Flight Point” is awarded for each mile flown. These points can be redeemed for travel on any airline, merchandise, and gift cards.
A maximum of 200,000 points can be earned per year (only 100,000 of these points may be ThankYou Flight Points), but points do expire in three years if the account has not been active during that time. Cardholders also receive 15,000 bonus points with the first purchase made with the card.
Besides the generous reward program, the most exciting benefit of this card is that cardholders receive free, unlimited companion travel when they use the card to purchase airline tickets.
The card offers many platinum cardholder benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, a concierge service, and fraud protection. Cardholders can also take advantage of the various discounts offered at participating merchants and retailers (visit the Citibank website for full details).
The annual fee for the card is $75, but it is waived for the first year. The APR for purchases and balance transfers is high for a business card and it is above average for a reward card. However, there is an attractive 0% introductory rate available for balance transfers for the first twelve months of membership. It is important to note that 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 business owners who would like to have a card with a reward program and plan to take advantage of the additional services and discounts available will benefit most from what the CitiBusiness PremierPass Card has to offer.
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