For business owners who frequently travel, having a credit card that not only meets their financial needs but also offers travel rewards is essential. The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® stands out as a robust option in this category.
In this article, we will explore the key features and benefits of the CitiBusiness® / AAdvantage® Platinum Select® Mastercard®. We’ll delve into the card’s annual fee, credit limit determination, advantages and disadvantages, who is eligible to apply, and the application process through various methods.
Key information about the credit card
How does the annual fee work?
The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® has an annual fee of $99, which is waived for the first 12 months. This introductory waiver allows cardholders to experience the benefits of the card without an immediate financial commitment. After the first year, the annual fee is charged to the account, but considering the range of rewards and benefits, many find it to be a worthwhile investment.
How is the credit limit determined?
The credit limit for the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is determined based on several factors, including the applicant’s creditworthiness, business revenue, and overall financial health. Citi evaluates these factors during the application process to assign a credit limit that reflects the business’s ability to manage credit responsibly.
Advantages of the credit card
- Earn 65,000 bonus miles: New cardholders can earn 65,000 American Airlines AAdvantage® bonus miles after making $4,000 in purchases within the first four months of account opening. This bonus provides a significant head start on earning rewards.
- Double miles on select purchases: Earn 2 AAdvantage® miles for every $1 spent on telecommunications services, cable and satellite providers, car rentals, gas stations, and eligible American Airlines purchases.
- No foreign transaction fees: Make purchases abroad without worrying about additional fees, making this card ideal for international business travel.
- First checked bag free: Cardholders and up to four companions on the same reservation enjoy a free checked bag on domestic American Airlines flights, offering substantial savings on baggage fees.
- Preferred boarding: Get early access to overhead bins and settle into your seat faster with preferred boarding on American Airlines flights.
- 25% inflight savings: Enjoy 25% savings on inflight food, beverages, and Wi-Fi purchases on American Airlines flights when using your card.
A standout advantage
One of the standout advantages of the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is its generous bonus mile offer. Earning 65,000 bonus miles after spending $4,000 in the first four months is a compelling incentive for businesses.
These miles can be redeemed for flights, upgrades, and other travel-related expenses, offering substantial value for frequent travelers. Additionally, the double miles on select business categories and no foreign transaction fees make this card exceptionally valuable for those who travel frequently for business.
Disadvantages
- Annual fee after the first year: While the first-year fee is waived, the $99 annual fee applies thereafter, which may be a drawback for some small businesses.
- High APR: The variable APR ranges from 21.24% to 29.99%, depending on creditworthiness, which can be costly if the balance is not paid in full each month.
- Limited to American Airlines: While the card offers valuable perks, they are primarily beneficial for those who frequently fly with American Airlines, limiting its appeal to other travelers.
A standout disadvantage
The primary disadvantage of the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® is its limited airline partnerships. The card’s benefits are closely tied to American Airlines, meaning businesses that prefer or need to fly with other airlines may not find this card as advantageous. For those who do not frequently travel with American Airlines, the rewards and perks may not justify the annual fee after the first year.
Who can apply for this card?
To apply for the CitiBusiness® / AAdvantage® Platinum Select® Mastercard®, applicants must meet certain criteria. The primary applicant should be at least 18 years old and a U.S. resident. Additionally, the business should be legally registered and operating in the United States.
While there is no specific minimum income requirement disclosed, applicants should have a credit score that meets Citi’s standards for approval, typically in the good to excellent range. Businesses with strong financials and a history of responsible credit use are more likely to be approved. This card is designed for established businesses, and therefore, it may not be suitable for startups with limited credit history or revenue.
How to apply for the CitiBusiness® / AAdvantage® Platinum Select® Mastercard®
For the website
Applying online is the most straightforward method and can be completed in a few simple steps. Start by visiting the Citi website and navigating to the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® application page.
You’ll be asked to provide personal information such as your name, address, Social Security number, and details about your business, including its legal name, tax ID, and annual revenue. Once you’ve completed the application, review the terms and conditions before submitting.
Through the app
For those who prefer mobile convenience, applying through the Citi mobile app is another viable option. First, download and install the Citi app from your device’s app store. After logging in or creating an account, navigate to the credit card application section and select the CitiBusiness® / AAdvantage® Platinum Select® Mastercard®.
The application process through the app mirrors that of the website, requiring the same personal and business information. The app allows you to upload any necessary documents directly from your mobile device, streamlining the application process. Notifications regarding your application status will be sent through the app, making it easy to track your progress.
At the branch
If you prefer a more personal touch, you can apply for the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® in person at a Citi branch. This method is ideal for applicants who want to discuss their options with a Citi representative before applying. To begin, visit your nearest Citi branch and speak with a banking associate.
You’ll need to bring identification and business documentation, such as your business license and tax ID. The associate will guide you through the application process, answering any questions you may have. This method may take longer to receive a decision compared to online or app applications, as it involves in-person verification and processing.
