If you run a business and need access to credit in a hurry, then consider the Citibank Business card. With a $60,000 maximum credit limit, 0% p.a. on balance transfers for 4 months and 0% p.a. on payments for the first 4 months, the Visa business card could save you a lot of money. You can also add up to 99 cardholders with no supplementary fee – ideal if you want to add employees to the account.

The Card’s Best Features

The Citibank Business credit card gives you access to Citi’s fantastic rewards scheme. When you first join up you will receive 40,000 Citibank Rewards points, thereafter, you will receive 1.25 points for every $1 spent. Points can be redeemed for flights, gifts and shopping vouchers. With no limit on the number of points you can collect, and with option of adding up to 99 cardholders, it’s only a matter of time before business trips are cost free.

The credit card also comes with a great level of purchase protection to give you peace of mind that should the worst happen, you’ll be protected financially. The Citibank Business account comes with free purchase cover, which means that any item you buy using your credit card is protected against loss, theft or damage for up to 90 days. You’ll also benefit from the 12 months extended warranty cover on purchases.

Citi also offer a free emergency card replacement service, to get you back in action wherever you are in the world. Complimentary international travel insurance also comes as standard as well as a 24/7 business concierge service, providing you with assistance anywhere and at any time.

Are There any Drawback’s?

After the initial interest free period, the purchase rate reverts to 20.74% p.a.. This is fairly high, and you may find a cheaper way of obtaining credit elsewhere. However, it should be noted that the card comes with a 55 day interest free period on all purchases so long as you pay the balance in full when you receive the statement at the end of the month.

Who Would be Suited?

The Citibank Business credit card is ideal if you run an SME or simply want access to additional credit. Not only will you benefit from favourable rates of interest, but the reward scheme and complimentary insurances could save your business hundreds in travel costs. With the flexibility to add additional cardholders, free of charge, the Citi Business account is perfect if you are a growing business, or want to add or remove cardholders in a hurry.

Who is Eligible?

Don’t worry if your business is in its early years, or your annual salary isn’t at 6 figures yet. The Citibank Business card is open to anyone who has an income of at least $30,000. It’s also worth noting that additional cardholders have to be 16 years or older to be added to the account and the main accountholder needs to be 18 or older. Only applicants with a good credit rating need apply.

Conclusion

The Citibank Business credit card is excellent value and is an easy way to improve and manage cash flow. With a low annual management fee of just $74 p.a. and the ability to pay no interest on purchases, the Business account is a great money saver for businesses of all sizes.