Citizens Business Credit Cards Review

(June 2024)

Citizens-Business-Credit-Cards-Review

In This Article

Our Verdict

Citizens-Business-Credit-Cards

Choose any of Citizens Business Credit Cards and experiences hassle-free spending experience. These cards are a solid choice, especially if you run a business with diverse spending needs and are on the lookout for customizable rewards programs. They come with handy features to help manage your expenses efficiently, and the online account access adds a nice touch of flexibility.

Now, it’s important to note that there are a few limitations, like the absence of certain premium features and the potential for slightly higher APRs. But here’s the good news – the overall benefits, including cool introductory offers and options with no annual fees, make Citizens Business Credit Cards stand out. When it comes to making financial decisions for your business, it’s all about finding the right fit. Take a moment to weigh the pros and cons, considering what matters most to your unique financial goals. With their versatility and tailored rewards, Citizens Business Credit Cards could be just the tool you need to strike that perfect balance between flexibility and rewards in your business strategies.

Citizens Bank Headquarters:
1 Citizens Drive, Riverside, RI 02915.
888-798-4600
https://www.citizensbank.com/businesscreditcardonline

Pros

  • Offer the flexibility of tailoring rewards based on specific spending categories.
  • Come equipped with features that facilitate efficient expense management
  • Provide tools for monitoring transactions and controlling employee spending.
  • Provide you with immediate financial advantages such as such as 0% APR periods and bonus rewards for initial spending.
  • Include options with no annual fees, making them a cost-effective choice for businesses looking to minimize expenses.

Cons

  • Lack certain premium features offered by competitors, which could be a drawback if you seek a more extensive set of benefits.
  • Includes Foreign Transaction Fees which could add to the overall cost of using these cards for global dealings.
  • Has Strict Approval Criteria of a moderate to excellent credit score.

Who Citizens Business Credit Cards Is Best For

Choose Citizens Business Credit Cards as you best option if you:

  • Manage small to mid-sized businesses that require a flexible and customizable credit card solution.
  • Run Businesses with Diverse Spending Patterns
  • Want to benefit from introductory offers, such as 0% APR periods or bonus rewards for initial spending
  • Prioritize convenient and secure online account management.
  • Have a Moderate to Excellent Credit Score

Who Citizens Business Credit Cards Isn’t Right For

Consider other well-suited alternative aside Citizens Business credit cards if you:

  • Manage Small Businesses with Minimal Expenses and operates on a cash-only basis
  • Seek for Extensive Travel Perks such as airport lounge access or high-tier travel insurance
  • Experiences irregular cash flow or struggles with timely payments.
  • Spend primarily in niche industries not well-represented in the bonus categories of Citizens Business Credit Cards.
  • Prefer a straightforward credit card with minimal customization options.

What Citizens Business Credit Cards Offers

What-Citizens-Business-Credit-Cards-Offers

Customizable Rewards Programs

Citizens Business Credit Cards often provide customizable rewards programs, allowing businesses to earn points or cash back based on their specific spending categories. This flexibility enables businesses to tailor the rewards to their unique needs.

Introductory Offers

Many Citizens Business Credit Cards come with introductory offers, such as 0% APR for a specified period or bonus rewards for initial spending. These introductory benefits can provide financial advantages for businesses, especially during the early stages of card usage.

Business-friendly Expense Management

Citizens Business Credit Cards offer tools and features that facilitate efficient expense management. This includes detailed transaction reporting, employee card controls, and other business-focused account management features.

No Annual Fee Options

Take advantage of the no annual fee options and relish the benefits without incurring any yearly charges. This feature holds particular appeal for businesses aiming to cut costs while still reaping the advantages offered by a credit card.

Business-specific Perks

These credit cards often come with perks tailored to businesses, such as travel insurance, purchase protection, and extended warranty coverage. These additional benefits aim to enhance the overall value proposition for business users.

Online Account Access

Citizens Business Credit Cards provide online account access, allowing businesses to monitor transactions, make payments, and manage their credit card accounts conveniently through a secure online platform.

Citizens Business Credit Cards Details

Business Everyday Points® Credit Card

  • Earn $325 in rewards when you spend $5,000 in the first 90 days
  • Unlimited 1.5% rewards on everyday business expenses
  • 0% introductory APR on purchases for 6 months
  • No annual fee
  • Cash flow monitoring and budget management
  • Enhanced security and travel benefits
  • 24/7 online account management
  • Contactless payment options

Business Platinum Mastercard®

  • 0% introductory APR on purchases for the first 12 months
  • Variable APR thereafter
  • No annual fee
  • Cash flow monitoring and budget management
  • Enhanced security and travel benefits
  • 24/7 online account management
  • Contactless payment options

Where Citizens Business Credit Cards Stands Out

Where-Citizens-Business-Credit-Cards-Stands-Out

Citizens Business Credit Cards stand out in the crowded landscape of business credit cards for several compelling reasons:

Customizable Rewards Programs

One key feature that sets Citizens Business Credit Cards apart is their customizable rewards programs. Businesses can tailor their rewards based on specific spending categories, allowing for flexibility and optimization of benefits according to individual financial priorities.

Introductory Offers

Citizens Business Credit Cards often come with attractive introductory offers, including 0% APR periods and bonus rewards for initial spending. These introductory benefits provide businesses with a financial advantage, especially during the early stages of card usage.

Online Account Access and Expense Management

The emphasis on online account access and business-friendly expense management tools distinguishes Citizens Business Credit Cards. This feature streamlines financial management for businesses, offering a convenient and secure platform for monitoring transactions, making payments, and managing credit card accounts.

No Annual Fee Options

Citizens Business Credit Cards include options with no annual fees, catering to businesses that want to minimize costs while still benefiting from the advantages of a credit card. This affordability factor contributes to the appeal of these cards for businesses with budget considerations.

Focus on Excellent Credit Score Applicants

Citizens Business Credit Cards are designed for businesses with a moderate to excellent credit score. This focus ensures that eligible businesses can access the full range of rewards and benefits associated with these cards.

Where Citizens Business Credit Cards Falls Short

Limited Premium Features

Citizens Business Credit Cards may lack some of the premium features offered by competitors. Businesses seeking high-end perks such as airport lounge access, premium travel insurance, or concierge services might find other credit cards with more extensive benefits.

Potentially Higher APRs

The variable Annual Percentage Rates (APRs) associated with Citizens Business Credit Cards can be relatively high, especially for businesses with lower credit scores. This may lead to increased interest costs, making these cards less favourable for those who carry a balance.

Foreign Transaction Fees

For businesses engaged in international transactions, Citizens Business Credit Cards may not be the most cost-effective option due to foreign transaction fees. This additional cost can add up and make these cards less suitable for businesses with substantial global dealings.

Potential for Annual Fees

While there are no-annual-fee options, certain Citizens Business Credit Cards come with annual fees. Depending on the specific card and its benefits, businesses may need to carefully assess whether the annual fee justifies the rewards and perks offered.

Strict Approval Criteria

Citizens Business Credit Cards are designed for businesses with a moderate to excellent credit score. Businesses with lower credit scores may find it challenging to qualify for these cards, potentially limiting access for some entrepreneurs.

How to pick Citizens Business Credit Cards

Here’s a step-by-step guide on how to pick the most suitable Citizens Business Credit Card:

  • Define Your Business Goals: Clearly outline your business goals and identify the primary purpose of obtaining a business credit card. Whether it’s optimizing rewards, managing cash flow, or building credit, understanding your objectives will guide your card selection.
  • Evaluate Your Spending Patterns: Analyse your business’s spending habits across different categories such as travel, telecommunications, and general purchases. This assessment will help you choose a card with rewards that align with your most frequent and substantial expenditures.
  • Consider Customization Needs: If your business benefits from a customizable rewards program, Citizens Business Credit Cards offer flexibility. Consider whether you prefer the ability to tailor your rewards based on specific spending categories or if you would rather have a simpler rewards structure.
  • Review Introductory Offers: Assess the introductory offers provided by Citizens Business Credit Cards. These could include 0% APR periods or bonus rewards for initial spending. Choose a card with an introductory offer that complements your business’s financial goals.
  • Examine Annual Fees: Understand the annual fee structure associated with each card. While some Citizens Business Credit Cards have no annual fees, others may come with a fee. Evaluate whether the potential benefits and rewards justify any associated annual costs for your business.
  • Consider APR and Interest Rates: Consider the Annual Percentage Rate (APR) and variable interest rates associated with each card. If you plan to carry a balance, choosing a card with a lower APR can be advantageous to minimize interest costs.
  • Check Eligibility Requirements: Review the eligibility criteria for each Citizens Business Credit Card, including credit score requirements. Ensure that your business meets these criteria to increase the likelihood of approval.

Alternatives to Citizens Business Credit Cards

Chase Ink Business Preferred® Credit Card

This card is known for its generous sign-up bonus, strong rewards program, and travel benefits. It’s particularly suitable for businesses with significant travel and shipping expenses.

American Express Business Gold Card

Offering flexible rewards, this card allows businesses to earn points in categories where they spend the most. The Membership Rewards program includes travel and business-related redemption options.

Bank of America Business Advantage Cash Rewards Mastercard: This card is well-suited for businesses that prioritize cash back. It offers 3% cash back in a category of your choice, 2% on dining, and 1% on all other purchases.

Wells Fargo Business Platinum Credit Card

Designed for businesses with a focus on low APR, this card provides a competitive interest rate and is suitable for those looking to minimize interest costs.

U.S. Bank Business Platinum Card

With no annual fee and a 0% introductory APR period, this card is a straightforward option for businesses seeking a cost-effective credit solution.

Citi Double Cash Card

While not specifically a business card, the Citi Double Cash Card is a solid choice for businesses that want a straightforward cash back card with no annual fee and the potential to earn 2% cash back on all purchases.

American Express Blue Business CashTM Card

With no annual fee, this card is ideal for businesses that prioritize simplicity. It offers 2% cash back on all eligible purchases up to $50,000 per calendar year, and then 1% cash back.

Customer Reviews

Citizens Business Credit Cards boasts an impressive A- Rating from the Better Business Bureau (BBB), indicating a high level of customer satisfaction and reliability. This noteworthy accreditation reflects positively on the company’s commitment to ethical business practices and customer service.

The A- Rating from BBB provides businesses with additional assurance of the credibility and trustworthiness of Citizens Business Credit Cards, making it a compelling choice for those seeking a reputable credit card option for their financial needs.

Pro Tips

  • Define Your Business Needs: Clearly outline your business goals and spending patterns before selecting a business credit card. Understand whether you prioritize cash back, travel rewards, or other specific benefits.
  • Compare Rewards Programs: Evaluate the rewards programs of different business credit cards. Consider factors such as bonus categories, redemption options, and the flexibility to tailor rewards to your business’s unique spending.
  • Assess Introductory Offers: Take advantage of introductory offers such as 0% APR periods or bonus rewards. These can provide significant financial advantages during the initial months of card usage.
  • Review Annual Fees: Consider the annual fees associated with each card. While some cards offer no annual fees, others may provide enhanced benefits that justify the cost. Calculate whether the potential rewards outweigh any fees.
  • Understand APR and Interest Rates: Be aware of the Annual Percentage Rate (APR) and variable interest rates. If you anticipate carrying a balance, choose a card with a lower APR to minimize interest costs.
  • Check Eligibility Criteria: Review the eligibility criteria for each card, including credit score requirements. Ensure your business meets these criteria to increase the likelihood of approval.

Recap

In wrapping up, Citizens Business Credit Cards are a great fit for a wide range of businesses, especially if you’ve got diverse spending needs and are looking for rewards that match your preferences. These cards come with handy features to manage expenses efficiently, and the online account access adds a layer of flexibility. Now, it’s fair to mention there might be a few limitations, like the absence of some premium features and the chance of slightly higher APRs.

But here’s the deal – the overall benefits, including cool introductory offers and options with no annual fees, make Citizens Business Credit Cards a real contender. When it comes to your financial decisions, take a moment to think about what matters most to your business. Consider the pros and cons to pick a card that truly aligns with your financial goals. With their versatility and tailored rewards, Citizens Business Credit Cards can be a powerful asset for businesses like yours, striking that perfect balance between flexibility and rewards in your financial game plan.

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