The Citi® Professional(SM) Card with Thank YouSM Network was last reviewed on 10th May 2008.
Summary - We recommend the Citi® ProfessionalSM Card with Thank YouSM Network 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 merchantsReward program is based on Citi's ThankYou Redemption NetworkYou get a 0% apr on purchases for 12 months.
Let us look at this card in greater detail.
Reward Formula - The Citi® Professional(SM) Card with Thank YouSM Network 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 calendar year. These points are valid for 3 years from the end of the calendar year in which they are earned. After you spend $250 in purchases, you will receive 10,000 bonus points.
Annual Fee - There is no annual fee for card. There is a 0% introductory offer for purchases for 12 months. 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.
Verdict - The Citi® ProfessionalSM Card with Thank YouSM Network 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.
Positives
Earn 3 points on selected items and purchasesGood reward programReward program points can be combined if you have a personal Citi credit card based on the ThankYou Redemption Network reward programNo annual fee and low APR
| Citi® Professional(SM) Card with ThankYouSM Network |
| Reward Benefits |
| Point Accumulation |
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 |
| Points Expiration |
End of 3 Calendar Years |
| Caps on Points |
100,000 |
| Cost/Fees/Interest rates |
| Introductory rate |
0% APR on purchases for 12 months |
| Annual Fees |
No annual fee |
| Purchase APR |
As Low as P+5.99% |
| Balance Transfer APR |
As Low as P+5.99% |
| Cash Advance APR |
Prime Rate plus 14.99%, min 19.99% |
| Penalty/Default Rate |
Prime Rate plus 23.99%, min 28.99% |
| 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 |
| Cash Advance fee |
3% ,min $5.00 |
| Over-the-credit-limit fee |
$39.00 |
| Late Payment fee |
$15.00 - less than $100
$29.00 - $100 to $250
$39.00 - $250 and above |
Apply for the Citi® ProfessionalSM Card with Thank YouSM Network
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