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Citi® Professional(SM) Cash Card Review
Issued by CitiBank
  
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Overall Rating:
Benefit Rating:
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The Citi® Professional(SM) Cash Card, issued by Citibank, is designed for those with average credit who are looking to maintain and manage all of their personal and business expenses with one credit card.
The card offers access to a free rewards program. Through the reward program, cardholders receive 1% cash back for every dollar spent on general purchases and 3% cash back for every dollar spent at restaurants, gas stations, certain office supply merchants, and on auto rentals. A $50 check will be issued upon request once $50 in cash rebates have been have been earned. There is a yearly limit of $500 in professional dollars.
The card has no annual fee, an attractive 0% introductory rate on purchases for twelve months, and a reasonable interest rate for purchases. However, 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.
Aside from the reward program, cardholders can expect access to a variety of benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
The card also offers cardholders the benefit of the online expense reporting tool, which allows cardholders to categorize card activity and generate as many individual, easy-to-read expense reports as they choose.
Therefore, individuals who will take advantage of the rewards program and the additional benefits (especially the online expense reporting tool) will benefit most from what the Citi® Professional(SM) Cash Card has to offer.
The card offers access to a free rewards program. Through the reward program, cardholders receive 1% cash back for every dollar spent on general purchases and 3% cash back for every dollar spent at restaurants, gas stations, certain office supply merchants, and on auto rentals. A $50 check will be issued upon request once $50 in cash rebates have been have been earned. There is a yearly limit of $500 in professional dollars.
The card has no annual fee, an attractive 0% introductory rate on purchases for twelve months, and a reasonable interest rate for purchases. However, 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.
Aside from the reward program, cardholders can expect access to a variety of benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
The card also offers cardholders the benefit of the online expense reporting tool, which allows cardholders to categorize card activity and generate as many individual, easy-to-read expense reports as they choose.
Therefore, individuals who will take advantage of the rewards program and the additional benefits (especially the online expense reporting tool) will benefit most from what the Citi® Professional(SM) Cash Card has to offer.
Review Date: June 05, 2008
Note: The review on this card was updated on June 05, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% APR for 12 Months |
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Intro Applied Towards:
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Purchases |
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Additional Intro Details:
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The introductory rate is available on purchases for twelve months. |
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Purchase APR:
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9.99% (Variable) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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19.99% (Variable) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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20 Days (Min.) |
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Late Payment Fee:
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$15 on balances up to $100; $29 on balances over $100 up to $250; $39 on balances over $250 |
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Over the Limit Fee:
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$35 |
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Cash Advance Fee:
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3%, $5 minimum |
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Balance Transfer Fee:
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A balance transfer fee applies with this offer* (see site for details). |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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1% |
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Rebate Maximum:
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3% |
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Additional Rebates:
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Earn 3% on purchases made at restaurants, gas stations, certain office supply merchants, and on auto rentals. |
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Rebate Details:
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A $50 check will be issued upon request once $50 in cash rebates have been have been earned. |
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Expiration:
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n/a |
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Yearly Limit:
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$500 in Rebates |
| Features | |
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Most Attractive Feature(s):
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| Access to reward program; no annual fee. | |
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Least Attractive Feature(s):
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| Minimum APR cap for cash advances. | |
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Additional Features:
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| Various Internet account related services. Travel accident insurance. Auto rental insurance. Identity theft solutions. Various travel and emergency assistance services. No liability for unauthorized transactions. Quarterly and year-end financial statements. Access to online expense reporting tool. Access to personal business assistant. Access to Citi® Photocards. See website for additional benefits. |
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Important Notations
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| See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the Citi® Professional(SM) Cash Card from Citibank See other Business Credit Cards See other Credit Cards Issued by CitiBank See other MasterCard Credit Cards |
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