Review of the Citi Professional Card
The Citi Professional Card was last reviewed on 2nd April 2006.
Summary - We recommend the Citi Professional(SM) Card to the small business owner who wishes to earn reward points and spend up to $100,000 on their business credit cards. Its key features are :
- You can earn 3 points for every dollar you spend on restaurants, gas stations, auto rentals and certain supply merchants
- Reward program is based on Citi's ThankYou Redemption Network
- You get a 0% apr on balance transfers for 9 months
Let us look at this card in greater detail.
Reward Formula - The Citi Professional Card is a reward program business credit card that is based on Citi's ThankYou Redemption Reward. You earn 3 points for every dollar you spend at restaurants, gas stations, auto rentals and at certain supply merchants. You earn 1 point for every dollar you spend on other purchases. You can earn up to 100,000 ThankYou Points in one calender year. These points are valid for 3 years from the end of the calender year in which they are earned. After you make your first purchase, you will receive 10,000 bonus points.
Annual Fee - There is no annual fee for the Citi Professional Card. The apr is prime rate plus 5.99%. There is a 0% introductory offer on balance transfers for 9 months from the date of transfer. You are allowed up to 9 months to make your balance transfer and do not have to pay any balance transfer fee for the first introductory transfer. The average daily balance method (including new purchases) is used to calculate monthly balances.
Other Benefits - With this credit card, you will get categorized monthly statements and quarterly and annual summaries and an online Expense Reporting tool which helps your online statements to customize reports for billing or reimbursements.
Conclusion - The Citi Professional(SM) Card will appeal to the small business owner who wants to get a reward business credit card. The ThankYou Redemption Network reward program is comprehensive with travel, shopping, gift certificates and even cash rebates and apr reduction options. There is also no annual fee and you get a low apr. Those who already own a personal Citi credit card based on ThankYou Redemption Network reward program can also combine points when you want to redeem for an item.
- Earn 3 points on selected items and purchases
- Reward program points can be combined if you have a personal Citi credit card based on the ThankYou Redemption Network reward program
- No annual fee and low apr
|Citi Professional Card
||Earn 3 points for purchases at restaurants, gas stations, auto rentals and certain office supply restaurants
Earn 1 point for every dollar spent on other purchases
||End of 3 Calender Years
|Caps on Points
||0% APR on balance transfers for 9 months from date of transfer. Transfers can be made within 12 months.
||No annual fee
||Prime Rate plus 5.99%
|Balance Transfer APR
||Prime Rate plus 5.99%
|Cash Advance APR
||Prime Rate plus 14.99%, min 19.99%
||Prime Rate plus 23.99%
|Min Finance Charge
|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
|Late Payment fee
||$15.00 - less than $100
$29.00 - $100 to $1000
$39.00 - $1000 and above
Apply for the Citi Professional Card
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