CitiBusiness Platinum Select World Elite Mastercard Review

CitiBusiness Platinum Select World Elite Mastercard

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Editorial Rating

CitiBusiness Platinum Select World Elite Mastercard

4.00

Editorial Rating

What we like:

N/A

Intro Offer	Earn 50,000 bonus miles after $3,000 in purchases within first 3 months and 10,000 bonus miles after a total of $10,000 in purchases in first 12 months
Rewards Rate	2x miles for every $1 spent on cable and satellite, on eligible American Airline purchases, at gas stations, on select telecommunications merchants, and on car rentals 1x miles for every $1 spent on other purchases
Regular APR	17.99% – 25.99%
Annual Fee	$95

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Citibank, a leader in the credit card industry, offers a wide selection of credit cards geared to both consumers and businesses. As a business owner, you may want to check out the Citi Platinum Select World Elite MasterCard for Business.

Benefits & Rewards

The Citi Platinum Select World Elite MasterCard for Business is a travel rewards card that is specifically designed for business owners who habitually use American Airlines. With this card, you earn miles through business expenses that can be put towards future flights.

You can earn one mile for every dollar that you spend with your card on all regular purchases. Earn 2 miles for every dollar you spend with American Airlines specifically as well as select categories such as purchases at gas stations.

In an introductory offer, Citi offers a 60,000-mile bonus when you spend $3,000 on your card within the first three months with the card. Cardholders get an annual American Airlines Companion Certificate for spending $30,000 or more in a year.

There are other travel perks to consider. Cardholders benefit from a free first checked bag at American Airlines as well as 25% off in flight purchases. Other perks include access to online account summaries, no cost for employee cards, and 24/7 access to their Personal Business Assistants that can help with travel, hotel and dining plans on your next trip.

On top of all of the rewards, also enjoy the full package of security benefits that come with any World Elite MasterCard. These include no responsibility for fraudulent activity, chip card technology, and access to your account over the web or mobile app for your convenience, among others.

Rates & Fees

Rates

• Min APR: 16.74%
• Max APR: 24.74%
• Balance Transfer: 16.74% – 24.74%
• Cash Advance: 21.24%

Fees

• Annual: $95
• Late Payment: N/A
• Balance Transfer: $5 or 3%
• Foreign Transaction: None

The expenses for the card are important factors to consider. The Citi Platinum Select World Elite MasterCard for Business has an annual fee of $95. This fee is waived for the first year as a courtesy.

Other fees include the 3% or $5 balance transfer fee, and the 5% or $10 cash advance fee. There are no foreign purchase fees which is good news for habitual travelers.

The standard purchase APR ranges from 16.74 to 24.74 percent which is the same for balance transfers. Cash advances come at a rate of 21.24%, variable. The penalty rate runs up to 29.99%.

Bottom Line

When it all boils down to it, the Citi Platinum Select World Elite MasterCard for Business seems to be a pretty good card for business users. If you find yourself traveling often and feel that the perks of this travel rewards card will pay off over time, the $95 annual fee should be worth it.

Not satisfied? Check out some of the best Citibank credit cards that we have reviewed.