Our Verdict
Both Chase and Citi business credit cards offer enticing options that can keep your money within your purse. Chase, for example, has the popular Chase Ultimate Rewards program, which allows you to earn points you can redeem for your business travel—and even for cash back or gift cards. Again, Chase offers you a variety of bonus categories where you earn extra points. On the other corner, you have Citi that projects its Citi Thank You Rewards program. Thanks to these rewards offers, you access a wide range of redemption options, including travel, merchandise, and statement credits.
However, when it comes to welcome bonuses, Chase takes the lead with generous offers. If you meet some certain spending requirements, you qualify for bonuses. Talking about perks, give it to Chase. Chase business credit cards offer tons of benefits—such as travel insurance, purchase protection, extended warranty, and access to airport lounges. Citi, on the other hand, offers perks like travel and emergency assistance, purchase protection, and access to exclusive events. Yet, it never lineup on the same level with Chase.
Both Chase and Citi business credit cards tie when it comes to pricing. Chase and Citi both have a range of business credit cards with varying annual fees. You can get a business credit card without an annual fee, while another business credit card may have higher fees but come with more substantial rewards and benefits.
Why Choose Chase Business Credit Cards
Who Chase Business Credit Cards Is Best For?
Opt for a Chase business credit card if you:
- Value a solid rewards program.
- Travel more often and can benefit from travel-related benefits.
- Value excellent customer service.
- Want to explore a variety of business credit card options choosing your best fit.
Who Chase Business Credit Cards Isn't Best For?
Think of a better option if you’re someone who:
- Manages or owns no business.
- Has a limited credit history.
- Hates a business credit card that requires you to meet some certain spending requirements before activating its bonuses.
- Prefers simplicity and don’t want to deal with multiple business credit cards.
- Have a big difficulty in managing credit responsibly.
Why Choose Citi Business Credit Card
Who Citi Business Credit Card Is Best For?
Embrace a business credit card from Citibank if you:
- Run a small enterprise.
- Make purchases in specific spending categories.
- Require travel rewards or cash back options.
- Want to separate your personal and business expenses.
- Value additional business-related benefits and services.
Who Citi Business Credit Card Isn't Best For?
Explore other business credit card options if you’re someone who:
- Has minimal expenses.
- Prefers a simple business credit card with no additional perks or benefits.
- Prefers a different credit card issuer or banking institution.
- Possesses a limited credit history or who struggles with managing credit responsibly.
Chase vs. Citi Business Credit Cards: Main Differences
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Chase vs. Citi Business Credit Cards: Standout Features
Chase Business Credit Cards
- Offer generous rewards programs. Chase business credit cards typically offer rewards programs that allow you to earn points, miles, or cash back on your business expenses. Feel free to redeem the rewards for travel, gift cards, statement credits, or used to offset business expenses.
- Give sign-up bonuses. With many Chase business credit cards, you enjoy some attractive sign-up bonuses. Remember that the bonuses require you to spend a certain amount within a specified period, and in return, you get a substantial number of bonus points or cash back.
- Project flexible redemption options. Redeem your points or cash back for travel bookings, statement credits, gift cards, or transfer them to airline and hotel partners.
- Give travel benefits. Depending on the specific product you get, Chase business credit cards may offer various travel-related perks. These can include airport lounge access, travel insurance, Global Entry or TSA PreCheck fee credits, and no foreign transaction fees.
Citi Business Credit Cards
Allow customizable spending limits. With Citi business credit cards, you set individual spending limits for each of your employee or authorized user, giving you greater control over your business expenses.
Offer rewards programs. Citi business credit cards typically come with rewards programs that allow you to earn points, cash back, or airline miles for your business purchases.
Project travel benefits. If you travel frequently, count this feature a fantastic addition. Many Citi business credit cards offer travel-related perks, such as access to airport lounges, complimentary travel insurance, concierge services, and discounts on hotels, rental cars, or airfare.
Charges no foreign transaction fees. Say bye to foreign transaction fees with Citi business credit cards.
Offers introductory APR offers. Citi occasionally provides introductory 0% APR offers on purchases or balance transfers for a specific period. This feature can be helpful if you need to finance business expenses or consolidate existing debt while avoiding interest charges.
Pros and Cons of Chase Business Credit Cards
- Pros
- Offer rewards programs.
- Give welcome bonuses.
- Support expense tracking tools.
- Provides business-specific benefits and perks.
- Offer access to business financing options.
- Cons
- Charges high annual fees.
- Offer limited acceptance at some business categories.
- Impose potential impact on personal credit.
- Require strict eligibility criteria.
- Impose penalty fees for late payments.
Pros and Cons of Citi Business Credit Card
- Pros
- Offer rewards programs.
- Give welcome bonuses.
- Feature flexible redemption options.
- Offer opportunity to build credit upon making on-time payments.
- Cons
- Require annual fees and high APR.
- Require strict qualification requirements.
- Offers penalty fees for late payments.
Chase vs. Citi Business Credit Cards: Customer Reviews
When it comes to customer satisfaction, Chase takes the lead. It receives a great rating of 4.1-star based 5,904 reviews on TrustPilot. Delighted customers commend the financial institution for providing perfect products for their requirements, for having excellent customer support team, and for using a mobile-friendly and responsive app.
Citibank receives a bad rating of 1.2-star based on 284 customer reviews. Unhappy customers complain about Citi’s unethical practices and bad customer support.
Don’t forget that the customer reviews cover the two financial institutions’ entire banking services and not business credit cards products alone.
Chase and Citi Business Credit Cards Competitors
Wells Fargo Business Credit Cards
If you’re considering an alternative for either Chase or Citi business credit cards, think about Wells Fargo business credit cards. The business credit cards come with various features and benefits that can help you manage expenses, earn rewards, and fine-tune your financial processes. Wells Fargo business credit cards provide you a solid foundation, especially if you’re looking, for a straightforward business credit card solution. With these cards, you enjoy a competitive annual percentage rate (APR) for both purchases and balance transfers, making it convenient if you need to carry a balance or consolidate existing debt.
Additionally, you enjoy features, including the expense management tools that can help you track and categorize your business expenses.
Choose the right Wells Fargo business credit card for you according to your spending. For example, the Wells Fargo Business Elite Signature Card offers a flexible rewards program that allows you to earn points on every dollar you spend, which is redeemable for travel, merchandise, or even cash back. The card also comes with additional benefits like travel and emergency assistance services, auto rental collision damage waiver, and purchase protection, providing peace of mind for you.
Again, Wells Fargo also provides online account management tools, allowing you to monitor your account, view transactions, make payments, and access statements conveniently through its website or mobile app.
U.S. Bank Business Credit Cards
U.S. Banks offers different business credit cards that caters for different ventures’ needs. Some of the U.S. Bank business credit cards—U.S. Bank Business Platinum Card, for example—offers a straightforward approach with no annual fee, making it a cost-effective choice for you. With that U.S. Bank business credit cards, you enjoy exquisite features like expense management tools that can help you in keeping track of business spending.
If you’re hellbent on a reward business credit card, another option is the U.S. Bank Business Cash Rewards World Elite Mastercard. This card focuses on rewarding you for your spending. You get cash back on eligible purchases, which can be a fantastic way to earn some money back on all your business-related expenses. Plus, it comes with additional benefits like fraud protection and travel assistance services.
Pro Tips
With your hands on the right business credit card, you oversee your venture’s finances more carefully. As you attempt to get a business credit card, remember to,
- Separate personal and business expenses. If you want to maintain accurate financial records and simplify tax preparation, create a different plan and budget for your personal and business expenses.
- Choose the right rewards program. Consider the spending patterns and needs of your business when selecting a business credit card. Look for rewards programs that align with your expenses, such as earning cash back on office supplies or travel rewards for frequent business trips.
- Utilize employee cards strategically. If your business allows for it, issuing employee cards can streamline expense management. However, establish clear guidelines for card usage, set spending limits, and monitor employee spending to maintain control and prevent misuse.
- Pay on time and in full. Timely payment of your business credit card bills is crucial for maintaining a good credit score and avoiding unnecessary interest charges. Whenever possible, aim to pay your balance in full each month to avoid accruing interest on carried balances.
- Take advantage of introductory offers. Many business credit cards offer introductory promotions, such as 0% APR for a limited period or sign-up bonuses. Make sure to understand the terms and leverage the offers to maximize their benefits for your business.
- Understand and manage fees. Familiarize yourself with the fees associated with your business credit card, such as annual fees, foreign transaction fees, and overdue payment fees. Evaluate whether the benefits and rewards outweigh these costs and adjust your usage accordingly.
- Regularly review and reassess your card choice. As your business needs evolve, it’s essential to periodically assess whether your current business credit card still aligns with your requirements. If necessary, consider switching to a different business credit card that better suits your evolving needs and offers more favorable terms.
Recap
Chase and Citi are prominent competitors you encounter in the realm of business credit cards. Chase offers a range of cards with rewards, expense management tools, and travel perks. Citi provides options with cash back, travel rewards, and benefits like purchase protection. Both issuers cater to the diverse needs of your business. But when you consider a wide range of products, customer support, and reviews Chase Business credit cards take the lead.
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