Citi Professional Cash Card Review | CreditShout

Citi Professional Cash Card Review

By Kevin / April 6, 2009

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Verdict: This business-use only card earns cash back on every purchase, up to 3%. With an introductory APR of 0% and a variable 12.24% APR after that, the Citi ProfessionalSM Cash Card is a great business option.

Overview:
The Citi ProfessionalSM cash card includes a wide range of services and benefits, such as emergency assistance, insurance, quarterly and annual summaries, and a personal business assistant. Every purchase is eligible for at least 1% cash back and purchases at gas stations, auto rentals, and office supply stores earn 3% cash back the first year.

How This Card Works:
The Citi ProfessionalSM cash card can be used anywhere for 1% cash back, with an introductory 3% cash back at certain places the first year. You receive an online expense organizer which creates custom reports for jobs, clients, or yourself. You also have access to a personal business assistant which will help you gather information, make arrangements, or acquire referrals. The Citi ProfessionalSM card also includes free quarterly and annual summaries of your expenses, broken down by category. As a cardholder of the Citi ProfessionalSM card you also get up to 60% off many prescription drugs at over 55,000 pharmacies across the country, along with a variety of emergency assistance and insurance programs. You can also have your picture and signature put onto the front of your card for extra security.

Travel and Shopping Benefits:

You receive 1% cash back on all purchases made with the Citi ProfessionalSM cash card, and an additional 2% on purchases made at gas stations, auto rentals, and office supply stores within the first 12 months. A discount on prescription drugs up to 60% also comes automatically with your card and you can upgrade your account to include vision and dental discounts for an additional $8.95 a month.
Along with these shopping benefits, you receive auto rental insurance, travel accident insurance, and emergency and travel assistance which includes legal and medical referrals, lost luggage assistance, and emergency transport.

Fees:
The introductory APR for the Citi ProfessionalSM cash card is 0% for 6 months, after which it will be a variable 12.24%. The cash advance APR is 19.99% and the default rate is 28.99%. There’s no annual fee and the grace period for this card is at least 20 days. Fees for cash advances and balance transfers are both 3%, with a minimum of $5. The over the limit fee is $39 and the late fees are $15 for balances up to $100, $29 for balances between $100 and $250, and $39 for balances over $250.

Pros:

  • Introductory 0% APR.
  • 1% cash back on all purchases.
  • 3% cash back on certain purchases for the first 12 months.
  • Low APR.
  • Host of travel insurance and assistance.
  • Online expense organizer.
  • Personal business assistant.
  • Prescription discounts.
  • No annual fee.

Cons:

  • None.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

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