Review of the CitiBusiness Card

The CitiBusiness Card was last reviewed on 27th June 2006

citibusiness card
Summary - The CitiBusiness Card is a basic business credit card that will appela to the small business owner who is looking for a credit card with a good 0% apr balance transfer offer and/or one that has a low apr. Find out more about this card.

Annual Fee and APR - The CitiBusiness Card has no annual fee. You get a 0% apr introductory offer for both purchases and balance transfers for 12 months. For the balance transfer offer, you are allowed 12 months to make your first balance transfer and the balance transfer period starts from the date of the transfer and not account opening date. The apr is very low at prime rate plus 2.99%. The average daily balance method (including new purchases) is used to calculate monthly balances.

Other Card benefits

1. Unlimited additional cards for employees with credit limits set by you.

2. Quarterly and annual statements sorted by categories to help manage expense.

3. Online services like online statements, online payments.

4. Small business related articles and advice and even personal business assistant.

Reward Program - You can also choose to have the card with the ThankYou Network reward program. This reward program has travel, shopping, gift cards and other great rewards.

Conclusion - We recommend the CitiBusiness Card to the small business owner who is looking for a credit card with a great 0% apr deal and a very low apr. Those looking for a reward business credit card may want to consider the version with ThankYou Rewards. Best of all, you can issue unlimted additional cards for employees at no additional cost.

  • 0% apr offer for 12 months for both purcahases and balance transfer
  • No balance transfer fee for introductory apr
  • Low apr
  • No annual fee
  • Comes with a good reward program if you want a reward program (ThankYou)

CitiBusiness Card
Free Mastercard Business Savings allows cardholders to get discounts from partner merchants
Travel and Insurance Benefits
Up to $1,000,000 Automatic Travel Accident Insurance
Auto Rental Insurance
Travel and Emergency Assistance
Other Benefits
Quarterly and annual report on card activity
Zero liability on unauthorized purchases
Automatic Bill Payment
Download transactions with Quicken, Quickbook and Money
Cost/Fees/Interest rates
Introductory rate 0% introductory APR on balance transfers for 12 months from date of balance transfer. You can transfer within 12 months.
Annual Fees No annual fee
Additional Card Fee No additional card fee
Purchase APR Prime Rate plus 2.99%
Balance Transfer APR Prime Rate plus 2.99%
Cash Advance APR Prime Rate plus 14.99%, min of 19.99%
Penalty/Default Rate APR Prime Rate plus 23.99%
Min Finance Charge $0.50
Grace Period 20 days
Balance Calculation Method Average Daily Balance (including new purchases)
Balance Transfer Fee 3%, min $5.00, max $50.00
No balance transfer fee for introductory offer
Cash Advance fee 3% min $5.00
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to $100
$29 - $100 up to $1000
$39.00 - $1000 and greater

Apply for the CitiBusiness Card

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