The Amex Business Gold card also gets you access to The Hotel Collection, as well as a 25% airline bonus when redeeming points for eligible airfare through Amex Travel (1.33 cents per point of value). All rights reserved. Amex Platinum. The loans can be used to make home improvements, pay off high-interest debt, fund a large purchase, or even invest. The more money you deposit, the more interest you earn, but there is no minimum deposit amount. Citi provides personal loans . For the global assist hotline benefit of the American Express Blue Business Cash Card, eligibility and benefit level varies by card. (read more). Visit americanexpress.com/benefitsguide for more details. Your credit card number should be either printed or embossed in raised numbers across the front of your card. Visit americanexpress.com/benefitsguide for more details. Customers can get a personal banking solution from American Express National Bank, which offers online savings CD options, and recently launched a rewards checking account with interesting features. Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc. For the trip cancellation, trip delay and interruption insurance benefits of The Business Platinum Card from American Express, eligibility and benefit level varies by card. Some people say cash is king. If this is a philosophy you believe in, it should translate over to your credit card practices. Citibank is an advertising partner of this site, as is American Express, Chase, Barclays and Capital One. However, American Express does have a great savings account, better CD rates and plenty of card options. We take your comments very seriously as they really help us to improve the site. Citi vs Barclays: Which Bank Account Is Better? However, American Express does have a higher APY on both savings and checking account , better CD rates and plenty of card options. For rates and fees of The Platinum Card from American Express, click here. While Citi tends to focus a lot on cash-back, you might be surprised that our favorite cash-back card is from American Express. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc. For the return protection benefit of the Blue Cash Preferred from American Express, eligibility and benefit level varies by card. In addition to offering more products overall, American Expresss credit cards and charge cards generally offer more value, especially for the premium traveler or business owner. As of March 2023 , you can get $200 $2,000, based on your minimum deposit. Youll get purchase protection, access to Citi Entertainment, digital wallets, contactless payments, no foreign transaction fees, and no annual fee with your paid Costco membership. Balance transfer cards are often used to consolidate high-interest debt, so well show you the best products here! Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. Once you have some ThankYou Points in your account, you'll want to transfer these points to redeem them for free travel. Even though its clear that Amex Membership Rewards points are more valuable than Citi ThankYou Points, choosing the best card for your situation requires a bit of nuance. American Express offers credit cards and charge cards mostly focused on luxury travel benefits, high-end rewards, and premium customer service. Capitol One 360, in addition to providing a trustworthy and dependable service, has no hidden fees or minimums, allowing you to continue earning interest on your daily money. The difference comes with the bonuses earned for meeting specific thresholds. Although American Express personal loanslacksome consumer-friendly functionalities, such as a discount for setting up automated payments, it will directly pay off your creditors, making these loans appropriate for debt consolidation if you qualify for a low rate. What credit cards are affiliated with Citibank? Levvel, an Endava company. Even though its interest rates aren't particularly competitive when compared to online banks and credit unions, loyal Chase customers who keep a significant amount of money with the bank can earn slightly better rates. Youll get 1 cent per point or less in value those ways. With the Citi Rewards+ alone, you can transfer points at a ratio of 5:4 to JetBlue TrueBlue. American Express offers 24/7 customer support online or on the phone, so if you have a query or need help, you can easily access the customer service team. The Biman Bangladesh American Express Credit. Minimum interest charge - $0.50. Amex EveryDay: Earn 2x Membership Rewards points per dollar spent at US supermarkets up to $6,000 per year, and 1x on everything else. Your information is safe and secure with us, protected with bank-level encryption. The points you earn and redeem are Amex Membership Rewards points. American Express personal loans are only available to pre-approved AmEx cardholders. How To Transfer Citi ThankYou Points. Bottom Line: No matter how you slice it, Amex points are significantly more valuable than Citi points. Heres a brief look at both cards and how they differ. Learn how it works and how to earn a ton of miles fast through credit cards. For those reasons, it continues to be popular thanks to a simple earning formula and a decent return on spending. Youll get the most value from your points by transferring them to airline and hotel partners to book luxury award travel. CreditDonkey is a credit card comparison and reviews website. One of the biggest reasons youd want to collect American Express and Citi points is that both have the ability to transfer to airlines and hotels for outsized value. American Express also offers SkyMiles and Hotel cards, and a prepaid card, the Serve card, with no hidden fees or credit check. 80,000 Membership Rewards points . Bank of America is a large banking institution, and its impressive banking product line reflects this. Citi Rewards+: Earn 20,000 bonus points after you spend $1,500 in purchases with your card within three months of account opening; redeemable for $200 in gift cards at thankyou.com. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Underwritten by AMEX Assurance Company. To be eligible for a personal loan, you must be a preapproved cardholder. Does American Express offers a promotion or bonus for new customers? CIT Bank is similar to a traditional high street bank in that it offers a variety of savings accounts, an eChecking account, CDs, mortgages, and home loans. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). In fact, the flights and airlines bookable using points with Amex are far more vast than Citis. Underwritten by AMEX Assurance Company. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Open Account for American Express High Yield Savings. Citibank can be a better choice than CIT Bank if: You want to have a savings account, checking account, and credit card with the same bank. As a general rule, each of these credit card issuers tends to have product lines that differ greatly, offering value to different ideal customers. The product offers that appear on this site are from companies from which this website receives compensation. Terms, conditions and limitations apply. We publish data-driven analysis to help you save money & make savvy decisions. Before long, you'll be redeeming miles for free flights and hotel rooms. Generally, Citi focuses on cash-back, no-frills service, and low fees. American Express does not make many borrower requirements public. Best Credit Cards for Rental Car Insurance, Business Credit Cards for Advertising Purchases, Business Credit Cards for Shipping Purchases, Top Reasons to Get a Business Credit Card, How to Apply For a Small Business Credit Card, Maximize Rewards From Your Business Purchases, Comparing Top 3 Chase Business Credit Cards, Tourist Visa Requirements for U.S. Citizens, How to Cancel an American Airlines Flight, TSA PreCheck Everything You Need to Know, Chicago OHare International Airport [ORD], Best Websites for Booking Affordable Hotels, Best Hilton Luxury Hotels to Book With Points, Guide to Hotel Status Matches and Challenges, Best Marriott Luxury Hotels to Book With Points, Best Ways to Redeem Marriott Points for Hotels, Best IHG Luxury Hotels to Book With Points, Marriott Bonvoy Hotel Loyalty Program Review. Citi. If you max out those bonus categories, youre already doing well. The pandemic may have prohibited me to meet a legend in person, but the feeling of being in the same Webex session with Dato' Sheila Majid is still euphoric is one of the best cash-back credit cards Citi has to offer, even if youre making purchases outside of Costco. All information is provided without warranty. The American Express presale code is the ten digit support phone number written on the back of the card. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. If you already have a good relationship with Citibank, you are more likely to get approved. Silvermanns areas of expertise include investing, banking, and credit cards. American Express Global Lounge Collection, Escape Lounges The Centurion Studio Partner. The Blue Cash Preferred is free of an annual membership fee for the first year, while the Blue Cash EveryDay and Cash Magnet cards have no annual fee. Is American Express National Bank recommended? Both apps allow you more control over your account, with 24/7 access to manage your transactions, make transfers, lock your card and receive notifications. Citi Online Bill Payment comes with time-saving features including: One-time payments One-Time Payments Simple to do and undo. If you're considering getting both cards, make sure you can meet the spending requirements for both their bonuses. Opinions and recommendations are ours alone. Visit americanexpress.com/benefitsguide for more details. The Amex Platinum card simply oozes luxury and status, even with its crisp card design. All of the other ways to use points are either mediocre or subpar, so just keep that in mind. No responsibility will be taken by the bank advertiser for these comments. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. The annual fee for this credit card is $99. Amex EveryDay: Earn 10,000 bonus points after spending $1,000 in the first three months. As a result, it stands to reason that Discover would offer a diverse range of credit cards. Visit americanexpress.com/benefitsguide for more details. He adds that most major credit card issuers allow you to combine credit card accounts, though not all do. For rates and fees of The Platinum Card from American Express, click, For rates and fees of the American Express Gold Card, click, For rates and fees of the Blue Cash Preferred from American Express, click, For rates and fees of the Blue Cash Everyday from American Express, click, For rates and fees of The Business Platinum Card from American Express, click, For rates and fees of the American Express Business Gold Card, click, For rates and fees of the American Express Blue Business Cash Card, click. For more information on our advertisers, see here. However, they also charge annual fees of hundreds of dollars per year. 4x points at restaurants worldwide, plus takeout and delivery in the U.S. 4x points at U.S. supermarkets (up to $25,000 per calendar year), 3x points on airfare booked directly with airlines or via Amex Travel, U.S. purchases foradvertising in select media, U.S. purchases made from select technology providers of computer hardware, software, and cloud solutions, 5x points on flights and prepaid hotels booked via Amex Travel, 1.5x points in key business categories and on purchases of $5,000 or more everywhere else (up to $2 million in purchases every year), 1x Membership Rewards points on other purchases, Superb travel insurance, including trip interruption and cancellation insurance, baggage insurance, and more, 5x points on airfare purchased directly with the airline or through Amex Travel (up to $500,000 on these purchases every calendar year), 5x points on prepaid hotels booked through Amex Travel, Access to Fine Hotels & Resorts and The Hotel Collection, Up to $100 Global Entry/TSA PreCheck application fee credit, 5x points on flights and prepaid hotels booked through Amex Travel, 1.5x points on purchases in key business categories and on purchases of $5,000 or more everywhere else, up to $2 million in these purchases per year, 6% cash-back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%, 3% cash-back on transit (including rideshares, parking, tolls, trains, buses, and more), 3% cash-back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%, 3% cash-back at U.S. gas stations on up to $6,000 per year in purchases, then 1%, 3% cash-back on U.S. online retail purchases on up to $6,000 per year in purchases, then 1%, 4% cash-back on eligible gas and EV charging purchases, including gas at Costco, up to $7,000 per year and 1% after that, 3% cash-back on restaurants worldwide and on eligible travel purchases worldwide, 2% cash-back on other purchases from Costco and Costco.com. With both banks offering similar products, we need to look a little more closely at which bank is better. If you already have an Amex card, it may be a better option for you. Visit americanexpress.com/benefitsguide for more details. He says they are the best PJs he's ever had. This site does not include all credit card companies or all available credit card offers. Visit americanexpress.com/benefitsguide for more details. Citi is an advertising partner. Led teams to deliver platforms and solutions from software development, digital solutions to . Click here to see a list of advertisers that we work with. As one of the foremost experts in credit cards, over the past 4 years, he has amassed, Free Delta SkyMiles for Seattle Seahawks Fans With 12Status, [Expired] 10x Citi Points Bonus on Restaurants and Theaters [Targeted], Comparing Amex Membership Rewards and Citi ThankYou Rewards, Winner: American Express Business Gold Card, Runner-up: The Business Platinum Card from American Express, Winner: The Platinum Card from American Express, Best Premium Travel Rewards Business Card, Winner: The Business Platinum Card from American Express, Winner: Blue Cash Preferred Card from American Express, Runner-up: Blue Cash Everyday Card from American Express, Winner: American Express Blue Business Cash Card, Runner-up: Costco Anywhere Visa Business Card by Citi. Still, you can earn up to 5x Membership Rewards points on purchases: The Amex Business Platinum card offers an impressive list of travel benefits: To help you run and operate your business, the Amex Business Platinum card also offers these statement credits: All in all, it shouldnt be difficult to get some phenomenal value from this card, including through ancillary perks like purchase protection, extended warranty, cell phone insurance, and no foreign transaction fees (rates and fees). There are only a couple of niche instances where Citi might offer better redemption value overall. The only obvious gaps in the product line are the absence of a credit card or personal loan option. If cash-back is still the name of the game for you as a business owner, check out this section outlining the best business cards for cash-back. Capital One is a premium online banking service that offers convenient, dependable service and physical locations to anyone looking for them. MasterCard Platinum International Debit Card. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Follow these simple steps and you'll be ready to see the world. Both banks offer a wide range of banking products as well as cutting-edge technology. American Express is one of the world's most well-known credit card brand names. The Amex Business Gold card excels in offering top-notch rewards, while the Amex Business Platinum card offers the best overall luxury travel benefits. Are the benefits of the Platinum Card from American Express worth it? These are fairly standard features that you would expect from any of the major banks. Furthermore, youll enjoy no preset spending limit, access to Pay Over Time, Amex Offers, no foreign transaction fees, and up to 99 total employee cards for no additional annual fee after the first employee card fee of $50 (rates and fees). The other reward card options are the Blue Card, Amex EveryDay Preferred and Amex EveryDay. Citi also has a diverse product offering. This post contains references to products from one or more of our advertisers. For rates and fees of The Business Platinum Card from American Express, click here. 3.3 Wells Fargo Propel 365 American Express Card. For rates and fees of the Blue Cash Everyday from American Express, click here. Those beat Citibank's Malaysia Airlines and Qatar. <bi-shortcode id="disclaimer" class="mceNonEditable" data-type="pointsguy"></bi-shortcode><p><img src="https://static3.businessinsider.com/image . Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. Airline transfer partners include Delta, Hawaiian Airlines, Aeromexico, Air Canada, Air France, Emirates, Cathay Pacific (Asia Miles), Virgin Atlantic, Singapore Airlines, Etihad, Alitalia, All Nippon Airways and more. As a national bank, this online-only platform has some outstanding features. The Macy's American Express Card program is issued and administered by Citibank, N.A. While Chase and American Express have historically made it easier to rack up rewards through multiple cards in the same program, Citi has become more competitive. Is The Platinum Card from American Express worth it? Citis customer service is a little more complicated. Terms, conditions and limitations apply. If (and when) all of your accounts do have access to the new interface and you want to merge your online accounts, you can do this by: Calling 877-242-7372. If you're looking for a dependable financial service where you can open a checking and savings account with no minimum deposit, Citibank is a great option. Benefits: Macy's American Express Card provides access to ticket presales and discounts via Amex Offers. We earn a commission from our partner links on this page. Plus, your own feed of TPG content. Citi vs Capital One: Which Bank is Best For You? As a result, Barclays becomes more of a supplementary bank rather than your primary day-to-day financial institution. Citi Rewards+: Points are worth 1% cash back when redeemed for travel purchased through the Citi portal, gift cards or statement credits. American Express and Citi are 2 of the most talked-about banks in the U.S. With a storied past, both of these New York-based companies offer clients tons of value, whether theyre small business owners, consumers, or large corporations. American Express is one of the world's most well-known credit card brand names. If you value having a seamless, luxurious travel experience, whether youre traveling on your time off or attending an important client meeting as a business owner, check out our best premium travel rewards business card here! The Citi checking account is a fairly standard offering, with a $12 fee that can be waived by making a qualified bill payment or receiving a qualifying deposit, and overdraft protection that will automatically transfer funds from your savings to avoid overdraft fees. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc. For the return protection benefit of the Blue Cash Preferred from American Express, eligibility and benefit level varies by card. Read Full Comparison: American Express vs Capital One: Which Bank Is Better For You? See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values.