Review of the CitiBusiness Premierpass Card

The CitiBusiness Premierpass Card was last reviewed on 2nd April 2006

citibusiness premierpass card
Summary - The CitiBusiness® PremierPassSM Card is a great small business reward credit card that will suit small businesses which requires employee air travel. With this card, you not only earn points for the dollars you spend, but also for the miles you fly. Its key features are :
  • You earn 1 point for every dollar you spend
  • You earn points for the number of miles you and your employees fly
  • You earn 3 points for every dollar you spend on business purchases and professional services
  • Points never expire as long as you make one purchase every three years

Let us look at this card in closer detail.

Reward Formula - 3 points/$1.00 on Business Purchases and Professional Services - The reward formula for the CitiBusiness Premierpass Card is based on Citi's ThankYou Redemption Network reward program. You will earn 3 ThankYou Select Spend Points for every dollar you spend on business purchases and professional services. Business purchases are defined as stand-alone office supply merchants that primarily sell stationery and office supplies for business consumption. Professional services are defined as stand-alone tax preparation, accounting, bookkeeping, and legal services providers that provide their respective services to businesses. You earn one point for every dollar you send on other purchases.

Earn points on the miles you fly - In addition to earning points for the dollars you spend, you also earn points on the miles that you and your employees fly. For example, if the ticket cost is $200 and the flight is 5,000 miles, you will earn 200 ThankYou Select Points and 5,000 ThankYou Flight points.

You can earn up to 200,000 ThankYou Flight Points in one calender year (of which up to 100,000 can be ThankYou Flight Points). Points do not expire as long as you use the card at lease once every three years. The

Unlimited Companion Travel - You can get a free companion ticket under the following circumstances. If you you use the CitiBusiness PremierPass Card to purchase a round-trip Coach Class excursion fare ticket for $359 or more for travel in low season and $379 or more for travel in high season, with a destination in the continental United States. Low season is defined as September 16 - January 14 and high season is defined as January 15 - September 15.

ThankYou Redemption Network - The reward program is based on Citi's ThankYou Redemption Network. You can redeem points for airline travel, hotel stays, auto rentals, cruises, vacation packages, gifts and certificates, cash rebates and even use points to reduce your apr. If you cannot find a reward you want in the catalog, the ThankYou Redemption Network has a Fulfill Your Wish program in which they will try to get the reward item that you requested. For airline tickets, there are no blackout dates.

One of the things you have to note is that you can redeem any ThankYou Select Points. But if you want to redeem any ThankYou Flight Points, you have to redeem an equal or greater amount of ThankYou Select Points as well.

Annual Fee and APR - The annual fee of the CitiBusiness Premierpass Card is $75.00. However for the first year, the annual fee is waived. The apr is prime rate plus 9.99%. You get a 0% apr on balance transfer for 12 months from the date of transfer as long as the first balance transfer is made within 12 months of account opening. There is no balance transfer fee for the introductory offer. The average daily balance method (including new purchases) is used to calculate monthly balances.

Additional Citi Benefits - The CitiBusiness PremierPassCard also offer a few other very useful benefits. Firstly, you can call up Citi's Personal Business Assistant to make plans for travel, dinners etc. Citibank has also assembled a panel of Business Experts, who would respond to your emails on any business advice. You also get free quarterly and annual account summaries and automatic online bill payments.

Conclusion - We highly recommend the CitiBusiness® PremierPassSM Card to the small business who does a lot of air travel as this card allows you to rack up your rewards points very quickly if you travel a lot.

  • Earn 3 points on business purchases and professional services
  • Earn points on the miles you fly
  • 12 month 0% apr on balance transfers

CitiBusiness Premierpass Card
Reward Benefits
Point Accumulation Earn 3 points for business related purchases and professional services
Earn 1 point per dollar spent on other purchases
Earn points on the miles you fly.
Points Expiration Do not expire if card is used within 3 years
Caps on Points 200,000 (100,000 for Flight Points
Cost/Fees/Interest rates
Introductory rate 0% APR on balance transfers for 12 months from date of transfer. Transfers can be made within 12 months.
Annual Fees No annual fee for first year, thereafter $75.00
Purchase APR Prime Rate plus 9.99%
Balance Transfer APR Prime Rate plus 9.99%
Cash Advance APR Prime Rate plus 14.99%, min 19.99%
Penalty/Default Rate 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 - less than $100
$29.00 - $100 to $1000
$39.00 - $1000 and above

Apply for the CitiBusiness® PremierPassSM Card

If you already have the CitiBusiness Premierpass Card, we appreciate you feedback and review. If you wish to comment on it, you can post your review here.

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