Citi Business Credit Cards Review

(April 2024)

Citi Business Credit Cards Review

In This Article

Our Verdict

Think of Citi business credit card in order to simplify your business’ spending. It is ideal option to consider either you run a new or existing venture. The products offer bonus miles and cash back rewards. Citi offers two business credit cards, and they are best fits for you if you want to earn rewards or cash back on your traveling and shopping expenses. Have a solid credit score before you apply for the product.

For more information about Citi business credit card, check the following:

Phone Number: +1-800-950-5114,

Pros

  • Free checked bag at the airport,
  • Straightforward application process
  • Different rewards program
  • Customer perks
  • Early boarding benefit
  • Companion perks and benefits.
  • Bonus categories offer

Cons

  • Demands excellent credit
  • Charges annual fee
  • Requires paid membership before accessing some of its products, Costco Anywhere Visa Business Card by Citi, for example.

Who This Product Is Best For

Consider Citi’s business credit card if you:

  • Have excellent personal and business credit scores.
  • Are a small business owner who needs to save airline expenses via cash back and rewards.
  • Do foreign transactions and need a business credit card that charges no foreign transaction fees.
  • Are an existing customer who can qualify for special perks and offers.
  • Prefer a seamless business credit card application process.
  • Want to board the plane early while traveling in order to rest and make any necessary planning.

Who This Product Isn't Right For

Consider another business credit card from another card issuer if you:

  • Have a bad business credit score.
  • Want to pre-qualify in order to compare your rates and terms on the two business credit cards Citi offers before officially applying by pre-qualification.
  • Run a big business that requires a huge financing, but your business credit score falls short.
  • Don’t want a business card without an annual fee.

What This Product Offers

  • CitiBusiness® / AAdvantage® Platinum Select® Mastercard®. Best for small businesses and airline traveling purposes, you get this business credit card at the interest rate between 20.74% and 29.74%.
  • Costco Anywhere Visa Business Card by Citi. If you run a small enterprise, think of other business credit cards no more. If you’re looking for a better way to clear your traveling or dining expense (and even earn rewards), Costco Anywhere Visa Business Card by Citi is a perfect match for your business.

Product Details

CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

You pay $99 annual fee after the first 12 months. Access rewards, including 2 AAdvantage miles on every dollar expenses you make on qualified American Airlines. Also, you get 2 AAdvantage miles on every spending you make on telecommunications, cable subscription, and car rental. Lastly, you receive 1 AAdvantage miles per dollar you spend on other business expenses.

Receive 65,000 bonus miles when you spend up to $4,000 within the first four months of opening your account. The interest rate revolve around 20.74% and 29.74% with no foreign transaction fee. Don’t forget that you require an excellent credit score of any value from 720 to 850 on FICO in order to get this business credit card.

With the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® preferred boarding option, you have access to board the plane earlier—with that, you relax ahead of the take-off. Receive $99 companion certificate as you spend $30,000+ over a span of one year.

Costco Anywhere Visa Business Card by Citi

Enjoy up to 4% cash back and selected spending, electric vehicle charging and gas costs, for example. You get the 4% cash back until you spend up to $7,000 per year. Then the cash back stays  at  01%. One cool thing about the Costco Anywhere Visa Business Card by Citi is that it doesn’t require both foreign transaction and annual fees.

Don’t forget that the product doesn’t offer any, sign-up benefits and you require a solid credit score of any value from 740 to 850. The regular APR starts at 19.99%. Be a Costco member at $60 per annum in order to qualify for Costco Anywhere Visa Business Card by Citi.

Costco Anywhere Visa Business Card by Citi secured every purchase you make. The purchase protection, for example, qualifies you to get a refund for a damaged or  item within 120 days of making the transaction.

Where This Product Stands Out

Purchase protection

Feel free to use your Costco Anywhere Visa Business Card by Citi for online shopping. If there’s any need, per adventure, for you to return a damaged product, easily file for dispute and expect a refund.

Citi entertainment

Enjoy Citi Entertainment program that offers you a special treatment for getting a concert ticket, accessing traveling opportunities, among others.

Savings

You get a certain percentage cash back (a certain commission that accumulates over time) whenever you use the card. With the commission, you only need to make a few more purchases with  the business credit card in order to make up for its annual fee.

Authorized user perk

Include up to 10 authorized individuals on your Citi business credit card. The authorized users you add can also access some benefits you enjoy. However, the authorized users can’t gain an into the non-Admiral Club partner lounges.

Lower starting APR

Citi business credit cards come with a lesser starting interest rates. For instance, Costco Anywhere Visa Business Card by Citi offers 19.99% starting APR, which is fair and extremely competitive.

Where This Product Falls Short

High annual fee

Citi business credit cards often come with a higher annual fee. You can get other cards with better benefits from other business credit card issuer.

Lack of flexibility

If you care about repayment flexibility and other travel perks, think of getting a general business travel card from other business credit cards issuers.

Low ongoing rewards rate

You get one mile on every dollar you spend which doesn’t make something significant until after a long time.

Higher credit score requirement

If you have a poor credit score, strike out Citi business credit cards from your list of options for a business credit card. The ideal score you need to be eligible for any of Citi’s business credit cards is between 740 and 850.

How to Qualify for This Product

If you are considering getting any of Citi business credit cards, consider the following Citi instructions.

  • Credit score requirement. Citi requires excellent personal and business credit scores before it considers you eligible for its business credit card. Think of building your score provided it’s not anything closer what Citi requires.
  • Business revenue. Make sure your business makes consistent profits before you apply for Citi business credit card.
  • Business longevity. Ensure you have run your business for a minimum of two years before applying for Citi business credit card.

How to Apply for This Product

Ready to apply for Citi business credit card? Take the following steps.

  • Decide the credit card you require. Understand your business needs and why you need a business credit card. Check the products Citi offers and select the best one for you. Don’t forget to compare the business credit cards sign-up bonuses, rewards, APRs, among others.
  • Submit your application. Submit your application once you meet Citi credit score requirement and you decide the business credit card you want. Provide the following information:
    • Your personal information
    • Business legal name
    • Business phone number
    • Business address
    • Type of business
    • Business annual revenue
    • Number of staff
    • Social security number or federal tax identification number
  • Plan your repayment. Add the new payment into your budget and ensure you make on-time payments.

Alternatives to This Product

Chase business credit cards

Chase offers different business credit cards in order to meet different businesses requirements. The business credit card issuer offers lower annual fees than what Citi Bank charges. With a good credit score, you can get the best business credit card that is ideal for your situation—which you’re unlikely to get from Citi unless your credit score is excellent. Check through Chase business credit cards products and choose the best fit for your need.

American Express business credit cards

American Express offers different business credit cards where you can choose a perfect match for your need. You can check your options based on whether you want bonus reward perks or you want to manage your business spending. With over 14 different business credit card options, American Express surpasses Citi offers.

Customer Reviews

Citibank receives a rating of 2.7/5-star based on 5 customer reviews on Trust Pilot. Unhappy customers talked about the bank’s lack of honesty and bad customer service. But remember that the rating is not limited to the bank’s credit cards services only but on its entire banking activities

Methodologyy

We reviewed Citi credit business cards based on 20 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience and the application process. We rated Citi credit business cards based on the weighting assigned to each category:

Loan cost: 35%
Loan details: 25%
Customer experience: 20%
Eligibility and accessibility: 10%
Application process: 10%

Within each major category, we also considered several characteristics, including available loan amounts, repayment terms and applicable fees. We also looked at minimum credit score and time in business requirements and the geographic availability of the lender.

Finally, we evaluated Citi customer support tools, borrower perks and features that simplify the borrowing process—like online applications, prequalification options and mobile apps.

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