Last Updated on May 29, 2020
Many banks offer a wide range of business cards — credit, premium, bonus, and discount. Let’s see what kind of product it is and how and when it can be useful to an entrepreneur.
Premium card Citi diamond preferred
Citi diamond preferred card is the right to enjoy privileges at every step. Go on a business trip, booking the hotel rooms and air tickets with discounts. Organize business lunches and events on favorable terms. Buy gifts for colleagues and partners using the discounts available only to you.
Citi diamond preferred card gives many privileges to its clients, namely:
- Travel in comfort. With a premium Citidiamond preferred card, you have free access to the business rooms “Mastercard Lounge” at the airports.
- Business-class taxi. Move around the city with comfort when paying for trips in the app. Taxi with Citi diamond preferred card offers a 15% discount on the tariffs Business, Premier, Elite, or Cruise.
- Free access to the business halls for the first six months from the date of card issuance. Further, with a certain turnover on the card, access to business rooms remains free for the next month.
- Travel insurance. Citi diamond preferred card will help you feel confident in any trip. Insurance for the holders of Citi diamond preferred card allows you to protect yourself from wasting time and money in the event of injury or illness, loss of luggage or documents, as well as in other situations when help is needed.
- SMS notification. Holders of premium Citi diamond preferred card have a possibility to activate the service “SMS notification” for free.
- Priority service in car rentals “Hertz.” Book “Hertz” cars in 147 countries of the world with a discount of up to 15% and get cars without waiting in line at the largest airports. Cars of any class, size, and capacity are at your service.
- Business meetings with comfort. To ensure the right atmosphere for your business meeting, use the features of Citi diamond preferred card that offer cardholders a nice discount on the menu and priority service.
- Nice business bonuses. The holders of the Citi diamond preferred card can get additional benefits to reduce business costs. Save on accounting, procurement, transport, logistics, and other services.
- Discounts and special offers. Premium card Citi diamond preferred is the right to enjoy privileges literally at every step. Go on a business trip, booking hotel rooms, and air tickets with discounts. Organize business lunches and cultural events on favorable terms. Buy gifts for colleagues and partners using the discounts available only to you.
Buying without commission
Let’s start with the fact that for your company, Citi diamond preferred is a bank card, which is most often linked to the current account of an individual or legal entity. With its help, you can pay for online purchases, pay to the contractors, withdraw cash from ATMs, and perform many other operations from the account of the organization.
A tool for you and your employees
At first glance, it may seem that with the release of such a card, the implementation of all expenses will be performed by the owner of the company. But this is not true. Business card Citi diamond preferred is a universal tool that can be used not only by the business executives but also by the company employees.
It is possible to issue several cards linked to one current account and set an individual limit for each of them. This will allow you to provide employees with cards and significantly speed up many business processes. Do you need to send someone from the colleagues on a business trip, buy supplies for the office or pay to the suppliers?
Entrust this to your employees, and you will not have to give out cash for settlement.
Monitoring of expenditures online
Many banks offer their customers to activate the service called “Internet banking.” It is easy to manage Citi diamond preferred card in your personal account and monitor the use of funds at any time. For each cardholder, you can set limits on both cash withdrawals and non-cash spending operations, and then increase or reduce them.
Citi diamond preferred card has an in-built technology for contactless payment via mobile phone and Apple Pay and Google Pay services; therefore, you will not find yourself in an awkward situation, even if you forgot to bring your card to a business dinner with clients.
The work of the accounting department
According to Citi diamond preferred review, another benefit is a reduction of the load on the accounting department. It is easier to monitor and account for transactions than when using cash. Let’s assume that you or your colleague who has the right to dispose of funds in the company’s account has paid for a product or service with a business card.
In this case, the accountant doesn’t need to prepare an advance report; it is enough to get a receipt and invoice upon payment. You can keep track of Citi diamond preferred card expenses in the same way as with any other expenses.
Assistance in business trips
Business card Citi diamond preferred will be useful for those who go on business trips. You can use it to buy tickets, book a hotel, visit a business hall, or pay for a dinner with a client. Making purchases abroad, you will not have to spend time on currency exchange.
The amount will be automatically converted to the currency of the country where you are located. And a business card is a good tool for those who try not to take cash with them. The money on the card will always be safe.
It is also a good tool for those who try not to take a large amount of cash with them on business trips. The money on your card will always be safe. It is so easy: if you lose the card, you can block it just by calling the bank.
Purchases with profit for the business
A nice bonus offered by Citi diamond preferred card is various discounts, promotions, and offers, which helps the banks attract even more customers. You can buy goods from the bank partners on more favorable terms, get free access to the business halls at the airports, and obtain cashback for purchases, thus reducing the expenditures of your company.