Review: Citibank Business Credit Cards | Fora Financial Blog
Review: Citibank Business Credit Cards
March 27, 2018

Review: Citibank Business Credit Cards

When running a business, it’s important to keep your business and personal finances separate. One way to do that is by using a business credit card. The reward programs offered with these cards often make them a valuable resource for business owners.

Below, we’ll review the two Citibank Business card options available to small businesses so that you can determine if either is right for you.

CitiBusiness® / AAdvantage Platinum Select® World MasterCard®

Who Should Use This Card: Individuals who frequently plan business trips with American Airlines.

Annual Fee: $96 after the first 12 months.

Using a business card rather than a personal credit card for business expenses will allow you to collect points for perks that you and your employees can enjoy. For instance, with this card, once you sign up and spend $3000 within the first 3 months, you’ll be rewarded with 50,000 AAdvantage points. That number will continue to grow as you use your card.

Using the card will give you 2 AAdvantage points for every $1 spent on specific purchases, including American Airlines purchases, telecommunications, car rentals, and money spent at gas stations. All other purchases will earn you 1 point for every $1 spent.

In addition to using your points for reduced ticket prices, you’ll also get some nice perks when you fly, including:

  • One free checked bag.
  • Preferred boarding.
  • Eligibility for a companion certificate when you spend $30,000 per year.
  • 25 percent off in-flight food and drinks on American Airlines when using your card to pay.

For business owners who take frequent business trips, there’s a lot to like about the AAdvantage Platinum Select card. However, if you prefer flying with a different airline or want to keep your options open, this probably won’t be the best choice.

Costco Anywhere Visa® Business Card

Who Should Use This Card: Business owners who frequently shop at Costco. 

Annual Fee: $0 for individuals with a Costco membership.

Costco has a huge selection of products that can be useful for many small businesses. If you find yourself shopping at the wholesaler often, it might be worthwhile to use the Costco Anywhere Visa Business Card. After receiving your card, you’ll be able to use it as verification of your Costco membership at stores across the country.

Using the card will give you money back in the form of credit that can be used for Costco purchases. You’ll see your rewards show up after the February billing cycle. At that time, you’ll be able to use your credit for goods and services from Costco.

The Costco Anywhere Visa card will give you money back for every purchase you make. Here’s the structure of the reward program:

  • 4 percent cash back when paying for gas anywhere, including Costco, up to $7000.
  • 3 percent cash back on restaurants and worldwide travel.
  • 2 percent cash back on purchases from Costco and
  • 1 percent cash back on all other purchases.

From the name to the rewards structure, it’s clear that this card only makes sense for business owners who are already Costco members, or want a Costco membership. If that doesn’t describe you, there are most likely other small business credit cards that will offer more practical rewards for your needs.

Is a Citi Business Card Right for You?

Choosing the right business credit card depends on the spending habits you have as a small business owner. For frequent travelers and Costco shoppers, the two cards described above could be a great fit. Find a card that fits the unique needs of your business, and follow our tips for applying for a small business credit card to get started.

Which credit cards do you use for your small business? Share with us in the comments below!

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Jess has a passion for helping business owners build their brand and connect with their audience. She writes about money, tech, health, and travel for blogs and businesses.