Maximising Citibank Rewards for your Business

Managing your business expenses can be a full time job that can detract from your day-to-day operations. Even when you do it well, the only reward can sometimes only be an account in the black and no calls from your creditors. However, when you use a Citibank Rewards credit card for your business purchases then you can be rewarded with much more than that, such as flights, cash back and gift cards.

What are Citibank Rewards Points?

The Citibank rewards points program runs automatically on your Citibank rewards credit card, and features the following:

  • No application fees
  • No ongoing fees
  • Your points never expire as long as your account is active.
  • Your points are capped over a 12 month period according to the type of card your business is eligible for: silver card holders can earn up to 40,000 points, gold card holders can earn up to 60,000 points and platinum card holders can earn up to 120,000 points.
  • You can redeem your points online by signing into the Citibank website.

How can you earn Citibank Rewards Points for your Business?

Every time you buy something for your business using your Citibank rewards credit card - whether you are buying a business lunch, a new computer or your favourite pen - you earn rewards points.

This is the perfect reason to do away with messy business payment methods such as petty cash or cheques. You can also be eligible for bonus offers when you first use your Citibank business rewards card.

What types of point redemption options are available for your business?

With a Citibank rewards credit card, your business can redeem reward points for:

  • Flights and travel packages
  • Cash back to your account, or to pay the card's annual fee
  • Outdoor and fitness products
  • Books and magazines
  • Electronics
  • Homewares
  • Gift cards
  • Donations to charity
  • Qantas Frequent Flyer. Link your Citibank Platinum or Citi Select credit card to add your rewards points to your Frequent Flyer account.
  • Emirates Skywards. Link your Emirates Citi Platinum card to add your rewards points to your Skywards Citi Miles account.

How can you earn more Citibank Rewards Points?

With such great business rewards on offer on your choice of rewards program, boost your points earning by:

  • Setting up direct debit payments from your Citibank business credit card

    Direct debit is an easy way to pay your business' bills, because you never have to remember to make the payment, and you never incur a late fee. Therefore, contact the service providers for your business such as your internet provider, your insurance company and the gas and electricity company, and give them your Citibank rewards credit card details. A direct debit will then be made whenever your bills are due and you'll be earning more points for all of your business spending.

  • Bonus partners

    If you are using a silver, gold or platinum Citibank credit card in your business you can earn up to four points for every one dollar spent when you spend with bonus partners. That means CitiBusiness card holders can earn a maximum of 4.25 points for every dollar they spend with bonus partner businesses.

How to compare Citibank Rewards Credit Cards

To make sure your business is truly rewarded, you will need to choose the credit card which is right for your needs and spending habits. That is why Citibank has categorised its credit cards in the following way:

  • Rewards. If you want to focus your business purchases on being rewarded with free flights, accommodation and merchandise.
  • Low rate. If you want to use your card for all of your business purchases without worrying about high interest charges.
  • Travel. If you go on a lot of business trips and want to use flight and accommodation rewards, and be protected by travel insurance and other travel benefits
  • Cash back. If you want to use your rewards points to pay off your business credit card balance, or pay the annual fee.
  • Business. If you want a dedicated business credit card with a long interest free period, travel benefits and worldwide privileges and offers.

This article was written by Timothy Ng from CreditCardFinder.com.au. For more information on rewards programs, you can read his guide to frequent flyer credit cards at Credit Card Finder.

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