CitiBusiness® PremierPass® Card

• Free, Unlimited Companion Travel
• 1 Point for Every $1 Spent on Purchases and 1 Point for Every Mile Flown on Any Airline
• 3 Points for Every $1 Spent on Certain Business Purchases
• Redeem for Almost Any Reward, Including Flights Free From Blackout Dates
• 0% APR on Balance Transfers for 12 Months

The CitiBusiness® PremierPass MasterCard®, 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 three points (two "ThankYou Select Spend Points" and one "Thank You Purchase Points") for every dollar spent on professional business purchases or services (restrictions do apply). One point is awarded for every dollar spent on all general purchases. In addition, when purchasing an airline ticket with the card, one “ThankYou Flight Point” is awarded for each mile flown. These points can be redeemed for various items or services.

A maximum of 200,000 points can be earned per year (only 100,000 of these points may be ThankYou Flight Points). Points do expire in three years if the account has not been active during that time. Cardholders also receive 15,000 bonus points with their first purchase made with the card.

The card offers many platinum cardholder benefits that include up to $500,000 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; however, it is waived for the first year. Although the APR for purchases and balance transfers is slightly above average for a business card, it is considered reasonable, since it is also a reward card. There is also 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 MasterCard® has to offer.