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Update: Some offers mentioned below are no longer available. View the current offers here – CitiBusiness / AAdvantage Platinum Select World MasterCard
In addition to personal credit cards like the Citi / AAdvantage Platinum Select World Elite MasterCard and the Citi / AAdvantage Executive World Elite MasterCard, Citibank offers a business credit card co-branded with American Airlines: the CitiBusiness / AAdvantage Platinum Select World MasterCard. It’s one of the best mileage-earning business credit cards out there, and one of the top credit card choices for American Airlines flyers.
Though the card’s current sign-up bonus is 30,000 miles when you spend $1,000 within three months, it regularly jumps to 50,000 miles when you spend $3,000 in three months.
The card also currently carries a variety of perks including:
- Designed for businesses
- Earn 30,000 American Airlines AAdvantage® bonus miles after making $1,000 in purchases within the first 3 months of account opening*
- First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation*
- Enjoy Group 1 Boarding on American Airlines domestic flights*
- Earn 2 AAdvantage® miles per $1 spent on eligible American Airlines® purchases
- Earn 2 AAdvantage® miles for every $1 spent on purchases at telecommunications, car rental merchants and at gas stations 2
- Earn 1 AAdvantage® mile per $1 spent on other purchases.*
This week, though, Citi sent out mailers to cardholders announcing upcoming changes to some of those benefits that will go into effect November 15, 2015. The changes include:
- Discontinuation of 5% mileage bonus starting on your cardmember anniversary date after November 15.
- Double miles on office supplies is being replaced with double miles on gas purchases.
- No foreign transaction fees after November 15.
These changes are major but not earth-shattering. If you’re a small business and put a lot of your expenses on this card, then that 5% mileage bonus discontinuation could have a big impact on your bottom line, but probably not. 5% isn’t a huge amount — if you spend $100,000 in a year, you’re only raking in 5,000 bonus miles — but still something to consider.
The more interesting change is the replacement of the double mileage category from office supplies to gas stations. For individuals and sole proprietorships, this might not be a huge shift in your bonus earning, but if you operate a small business with office supplies as a major monthly expense, this could also represent a huge blow to your points-earning opportunities.
It also pales in comparison to the bonuses offered by a primary competitor, the Ink Plus from Chase, which offers not only 2x points per $1 on gas and hotels up to $50,000 spending per year, but also 5x points per $1 on telecommunications and office supply stores up to $50,000 spending per year – a much better proposition.
As for the foreign transaction fee waiver … it’s about time! Most of the premium points- and miles-earning cards on the market — and certainly those that charge a $95 annual fee like this one does — already waive these pesky fees, so at least Citi is catching up to the pack.
Though it’s often useful to have separate personal and business credit card accounts, in this case, you might want to consider either the Citi / AAdvantage Platinum Select World Elite MasterCard or keeping the Barclaycard Aviator Red or Silver cards if you have those instead. Not only do they offer similar elite-status-style benefits like free checked bags; boarding privileges; a 10% mileage refund on award redemptions; in-flight discounts; and reduced-mileage awards, but the Aviator cards also waive forex fees (the Citi card does not). So depending on your spending style and history, you might better off with one of those.
If you’re applying for a new card at the moment, the Citi / AAdvantage Platinum Select World Elite MasterCard is also offering a sign-up bonus of 50,000 miles when you spend $3,000 within the first three months, so that’s more attractive as well.
What are your thoughts on the upcoming changes? Share your comments below!
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards