Citibank ‘CitiBusiness’ Business Credit Card – Details & Application
Right now a Citibank Business Card not only offers you an excellent way to spend but a way to make managing your life easier.
Benefits Of The Citibank Business Card:
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
0% p.a. for 4 months |
|---|---|---|
| Interest Rate on Purchases | |
0% p.a. for 4 months (reverts to 20.74% p.a.) |
| Annual Fee | |
$149(half-price annual fee in the first year) |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.49% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$30,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
Balance Transfers – If you have other non-Citibank cards that you are paying high interest rates on you can transfer that debt over to your new card and pay just 0% p.a. for 4 months. With an interest rate that low you can get your company out of a financial rut.
Concierge Service – Owners of this card have access to a business level concierge at any time of day or night to help them make travel arrangements, make reservations, or do any other task that you can dream up.
International Travel Insurance – When you use this quality card to book your travel you will be enrolled in international travel cover for that trip. This insurance protects you from any of the unfortunately travel issues you might face like cancelled plans, delayed flights, and lost luggage. It also covers you for medical expenses, personal liability, and any damage or loss to personal items.
Rewards – If you want a credit card that gives you back big rewards this is the one. You can earn rewards points at a rate of 1.25 points for every dollar that you spend. Then you can design the rewards program around your desires.
Discounts – When you present this prestigious card you can expect to get special discounts on hotel accommodations. You can also get special deals when you do shopping on the internet, go to theme parks, and to the movies. You also have access tot he best seats available and discounts on some of the best wine in the world.
Interest Free Days – Running a company often requires you to be creative when it comes to cash flow. With this card you get up to 55 interest free days on retail purchases, which gives you a little bit of time to float between when you make a transaction and when you have to pay it off.
Credit Card Insurance – CreditShield is an optional program that will make your card payments if you are in an accident or are ill and unable to work.
Increased Credit Limit – Your company needs more access to cash then you do personally. To meet that need this card offers a credit limit of up to $60,000. That means that you will always be able to make the purchases and have access to the funds you need to keep your company running.
Read the official terms and conditions
| Minimum Income | $30,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $5,000 | Max Credit Limit | $60,000 |
| Annual Fee | $149 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $40 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $0 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | 1.25 Point(s) | Points needed for Syd/Mel Return Flight | 16000 |
| Points needed for $100 Voucher |
i have a few questions for the CitiBusiness credit card.
- does this card come with fraud insurance?
- can i earn reward points for this card?
- is so, is there a limit on the amount of points i earn per year?
- what is the monetary value of the points i have accumulated? eg: 1 point is valued at how many cents
- are the rewards the same as for personal credit card holders?
- can i have my business logo on the credit card?
- do i receive the bonus 40,000 ponts if i apply?
thanks you in anticipation for your response to my questions.
Chris
Hi Chris
Thanks for your questions – I hope my answers help:
Question: Does this card come with fraud insurance?
Answer: Citibank credit cards come with Citibank Fraudshield protection. They have a credit card protection insurance called CardProtect also which is geared towards repayment protection.
Question: Can I earn reward points for this card?
Answer: You can earn 1.25 points for every $1 spent with the Citibank CitiBusiness credit card rewards program.
Question: Is so, is there a limit on the amount of points I earn per year?
Answer: With the Citibank Rewards program, your reward points are capped. The maximum number of Reward points that may be awarded to each Account in any period of 12 months beginning from the day you were enrolled in the Reward program for Gold Cardholder’s is 80,000 reward points.
Question: What is the monetary value of the points I have accumulated? eg: 1 point is valued at how many cents
Answer: This is a difficult question to answer, since it really depends on what you redeem your points for.
For a $100 cashback on the Citibank Rewards program, it will require 20,000 Citibank Reward Points. You would need to spend $16,000 to receive the $100 cashback. Based on this scenario, you could calculate the following:
20,000 Points = $100
200 points = $1
1 point = 0.005 cents
There are however other redemption options, like a Sydney to Melbourne return flight which requires a spend of $16,000 to earn enough points.
It really does depend on the type of rewards you are after, and that should really dictate the type of credit card with a rewards program that you apply for.
Question: Are the rewards the same as for personal credit card holders?
Answer: The Citibank CitiBusiness Credit Card has it’s own unique rewards program. You can earn 1.25 points for every $1 spent with
the Citibank CitiBusiness credit card rewards program.
Question: Can I have my business logo on the credit card?
Answer: Citibank don’t offer a personalised credit card design currently.
Question: Do I receive the bonus 40,000 ponts if I apply?
Answer: You will receive 40,000 bonus reward points when you first spend on your card
Cheers,
Jeremy
Are these points connected to airline points and if so which airline….Thanks
Hi Tricia
Thanks for your comment
With the Citibank CitiBusiness you have the option of connecting the credit card to the Qantas Frequent Flyer rewards program if you are a member. CitiBusiness Gold Cardholders can redeem Reward points at a rate of 1 Reward point for 1 QFF point. All redemption requests must be in blocks of 10,000 Reward points.
Cheers
Jeremy