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Additional Details, Terms and Conditions |
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| Category | Reward - Travel |
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| Status | World |
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| Intro Applies To | None |
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| APR for Purchases | 13.240 |
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| Purchase Rate Type | Variable |
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| Minimum APR on Purchases | No |
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| APR for Cash Advances | 21.990 |
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| Cash Advance Rate Type | Variable |
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| Minimum APR on Cash Advances | Yes |
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| Finance Charge Calculation | Average Daily Balance (including new purchases) |
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| Annual Fee | $75 |
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| Additional Annual Fees | $0 |
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| Annual Fee Detail | None |
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| Grace Period | 20 Days (Min.) |
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| Late Payment Fee | $15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over |
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| Over Limit Fee | None |
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| Cash Advance Fee | 3%, $5 minimum |
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| Balance Transfer Fee | A balance transfer fee applies with this offer* (see site for details). |
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| Minimum Balance Transfer | See Important Notations |
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| Maximum Balance Transfer | See Important Notations |
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| Type of Reward | Point |
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| Optional Reward | No |
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| Points Earned Per Dollar Spent | 1 Point |
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| Additional Points | Earn 1 Select Spend Point plus 1 Purchase Point for every dollar you spend at gas stations, supermarkets, and drugstores, plus earn 1 Purchase Point for every other dollar you spend. Earn 1 Flight Point for every mile you fly on any airline - or anyone else whose ticket you buy with the card. |
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| Point Details | Points can be redeemed for flights on any airline with no blackout dates, discounts on hotel stays, retail gift cards, electronics, and statement credits through the ThankYou(SM) Network. |
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| Expiration | 3 Years (Points do not expire as long as the account is active during a 3-year period.) |
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| Yearly Limit | 200,000 Points (only 100,000 of which may be ThankYou flight points) |
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| Bonus Approval | None |
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| Bonus First Purchase | None |
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| Bonus Balance Transfers | None |
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| Bonus Annual | None |
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| Bonus Other | 20,000 Points |
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| Bonus Details | *Earn 20,000 bonus points after $600 in purchases are made within three months of account opening. |
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| Additional Perks | Free unlimited companion travel.
Identity theft solutions.
Fraud and security protection services.
Various Internet account related services.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
Automatic bill payments.
Year-end financial statement (upon request).
Up to $1,000,000 in travel accident insurance.
Auto rental insurance.
Medical referral services.
Legal referral services.
Lost luggage assistance.
No liability for unauthorized transactions.
Various travel and emergency assistance services.
See website for additional benefits. |
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| Notations | The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources.
The minimum APR for cash advances is 21.99%.
See website for complete terms and conditions of card usage and application disclosure. |
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| Features / Benefits: | Earn 20,000 Bonus Points After $600 In Purchases Within 3 Months of Account Opening* |
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| 1 | Earn 2 Points for Every Dollar Spent on Everyday Purchases and 1 Point for All Other Purchases* |
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| 2 | Earn 1 Point for Every Mile You Fly on Any Airline* |
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| 3 | Earn 1 Point for Every Mile Friends and Family Fly on Tickets Purchased with Your Card* |
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| 4 | Get a Complimentary Companion Ticket When You Buy a Qualifying Ticket* |
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| Rating | 3.00 |
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| Benefit Rating | 3.50 |
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| Best Feature | Attractive reward program; bonus points. |
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| Worst Feature | Minimum APR cap for cash advances; slightly high annual fee. |
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| Review | The Citi PremierPass® Elite Level card, issued by Citibank, is designed for those with excellent credit who are looking for a reward card that is compatible with any airline.
Through the reward program, cardholders earn two points for every dollar spent on purchases made at supermarkets, drugstores, gas stations, and commuter transportation and parking merchants. One point is earned for all other general purchases and for every one mile the cardholder flies on any airline - or anyone else whose ticket is bought with the card. Cardholders will also receive 20,000 bonus points after $600 in purchases is made within three months of account opening.
Points can be redeemed for flights on any airline with no blackout dates, discounts on hotel stays, retail gift cards, electronics, and statement credits through the ThankYou(SM) Network. The maximum number of points that can be earned per year is 200,000, and points will expire in three years if the account has not been active during that time.
Although this card has a slightly high annual fee of $75, it does offer a reasonable interest rate for purchases and balance transfers. There is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
Aside from the reward program, cardholders can expect access to a variety of benefits that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services. This card also offers cardholders unlimited companion travel.
Therefore, those who will be able to take advantage of the reward program and the additional services will benefit most from what the Citi PremierPass® Elite Level card has to offer. |
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| Date of Data Update | 2009-04-01 00:00:00 |
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