Review of Citi Premierpass Card



The Citi Premierpass Card was last reviewed on : 27th March 2005

Summary - The Citi Premierpass Card has a very unique and innovative reward system when you purchase an airline ticket through your credit card. You earn points not only from purchasing an airline ticket, but also from the miles that you fly (at a formula of 1 point for every 3 miles). You will also earn miles seperately with your frequent flyer program. You also earn points and miles when you pay for your companion's ticket. Points are earned at a rate of one point for every dollar you spend. Points will not expire as long as your account is active within 36 months. You can earn up to 100,000 points in a calender year (of which only 50,000 can be flight points). You also get a 5,000 points as a signing bonus.

There is no annual fee and and the APR is high at Prime Rate plus 9.99%. You also get a 0% APR for 12 months on balance transfers from the date of transfer as long as it is transferred within 12 months.

The underlying reward program of the Citi Premierpass Card is based on Citi's ThankYou Redemption network, which is a comprehensive program with travel, shopping, cash rebate and even apr reduction rewards.

We recommend the Citi Premierpass Card to those who travel frequent frequently, pay their bills fully and are looking for a comprehensive reward credit card with no annual fee. There is simply no other credit card (other than the Citi Premierpass Elite Card) in the market that has this unique feature of letting you earn points from the number of miles that you fly (even for your companion's ticket if you pay for it). The Citi Premierpass Card is awarded the Editor's Choice in the reward program credit card category.

Positives

  • Ability to earn points from miles flown aside from the points you earn buying the ticket and thes points you earn from your frequent flyer program.
  • Earn points from miles if you pay for a companion ticket
  • Good reward program
  • No annual fee


Negatives
  • Earn up 100,000 points
  • High APR


Citi PremierPass Card
Reward Benefits
Signing Bonus 5000 points
Point Accumulation 1 point per $1 spent on purchases
In addition earn 1 flight point for every 3 miles flown
Credit Limits From $1000
Caps on Rewards 100,000 points per calender year (includes both regular and flight points
Only 50,000 may come from flight points
Expiration none if account is active within 3 years
Min Income required $15,000
Travel and Insurance Benefits
Automatic Travel Accident Insurance
Lost luggage insurance
Other Benefits
Online Account Access
Zero liability on unauthorized purchases
Dedicated customer service
no pre-set spending limits
Cost/Fees/Interest rates
Introductory rate 0% APR for 12 months (balance transfer).
Balance transfer can be done within 12 months and 0% will apply from date of first transfer
Annual Fee No annual fee
Purchase APR Prime Rate plus 9.99%
Balance Transfer APR Prime Rate plus 9.99%
Cash Advance APR Prime Rate plus 14.99%, min is 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 fee during introductory period
Cash Advance fee 3% min $5.00
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to $100
$29.00 - $100 to $100
$35.00 - more than $1000



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