Important News Regarding The CitiBusiness® Card

Some good news and some bad news to report today.

The web surfers who visit this site like the business credit cards offered by Citi® a lot. Why? Because, heretofore, with all the Citi business credit card we've been recommending at this website, you could transfer non-Citi credit card balances at a zero percent introductory rate, and pay no transaction fee on the introductory balance transfers. The feeless, 0% balance transfer characteristic of these cards has helped to make them the most popular cards on this website.

OK, so first, the bad news. The CitiBusiness® credit card has recently been reconfigured by Citi, and now charges a fee on all balance transfers, including the introductory ones.

Actually, this news isn't so bad when weighed against the good news, which is that Citi still has 5 business credit cards to which you can transfer credit card balances at 0% intro APR, and pay no fee for the privilege. The cards are:

• The Citi Professional^SM Cash Card
  
  
• The Citi Professional Card
  
  
• The Citi Professional Card with Thank You^SM Network
  
  
• The CitiBusiness Card with Thank You Network
  
  
• The CitiBusiness PremierPass^SM Card

Click here for details about the above-listed cards.

FYI: The CitiBusiness credit card is still available. You can apply for it right now if you want, by visiting this page.

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New Card Added: The Advanta Platinum with Rewards Customized BusinessCard

We've just added the Advanta Platinum with Rewards Customized BusinessCard to the list of card we recommend at this website. We like this card a lot, not only because it's cool, but also because it comes with some very competitive terms and conditions.

Why is this card cool? Because, as far as we know, it's the only business credit card in the American market that you can customize with your own logo or a favorite image, and/or have your company name emblazoned with bold lettering at the top of the card, like this:

If you want to transfer a balance to this card, you'll have to pay a balance transfer fee, but this downside is very well balanced with the upside of a 0% introductory APR on balance transfers for 15 months. Very competitive indeed.

And that's not all. The APR on purchases is a very competitive Prime + 0.24%. Now, it should be noted that the purchase APR cannot go lower than 7.75%, no matter how low the Prime Rate falls (Prime is currently at 5.25%, and is likely to be cut again on April 30.) A Clip from the terms and conditions:

...Your account rate for Purchases will be Prime plus a Purchase Margin of 0.24%...Your Variable Rate Index for any billing cycle will be chosen by us from among the Prime Rates published in The Wall Street Journal's "Money Rates" section during the three (3) months prior to the month which contains that cycle's Billing Cycle Closing Date, but will not be less than 7.75%...

Bottom line: despite these somewhat convoluted APR terms for purchases, the introductory and purchase APR's associated with this card are still excellent.

Other powerful features of this card:

• Choice of 5% Cash Back or Travel Rewards
  
  
• No Annual Fee
  
  
• No Limit on the Total Rewards you can earn
  
  
• $0 Fraud Liability

If you end up with this card in your wallet, feel free to revisit this blog entry and post your comments here. Thanks!

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