Professional Credit Cards (Professional Association Cards)

By: EconomyWatch   Date: 21 September 2009

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Professional credit cards are designed for those professionals who need the robust credit line associated with business credit cards as well as the generous rewards program associated with consumer credit cards. These cards are intended for personal use and do not offer additional cards for employees.

Who Are Eligible for Professional Credit Cards?

Professional credit cards are designed for use by:

  • Business owners

  • Managers

  • Sales executives

  • Business professionals, such as lawyers, chartered accountants and doctors

What Are the Various Professional Credit Cards?

Every credit card issuer offers professional credit cards with distinct features to meet the requirements of a specific profession. Some of these cards are:

Citi Professional Cash Card

  • Earn 1% cash back on purchases.

  • Earn extra cash back on eligible purchases for 12 months.

  • No Annual Fee.

  • 0.00% APR on purchases for six months. Thereafter, 12.24% variable interest is applicable.

Citi Professional Card with ThankYou Network

  • Earn 6,000 bonus ThankYou points after purchases of $250; redeemable for a $50 gift card.

  • Earn 3 ThankYou points for every dollar spent at restaurants, gas stations, certain office supply merchants and auto rentals.

  • Earn one ThankYou point for every $1 spent on all other purchases.

American Express Preferred Rewards Gold Card

  • Earn 10,000 Membership Rewards® bonus points when you spend $500 in three months. These points can then be redeemed for a $100 gift card.

  • No pre-specified spending limit.

  • No annual fee for the first year. Thereafter, it is $125 per annum.

  • Earn 1 Membership Rewards point for virtually every dollar you spend and redeem these points for your choice of travel, shopping and entertainment rewards.

  • Exclusive access to tickets for select concerts, shows, major sporting events and more in cities nationwide.

The American Bar Association Visa Signature Credit Card

  • Specifically meant for the supporters of the American Bar Association.

  • 0% introductory APR only for balance transfers and direct deposits for the first 12 months. However, you will lose your eligibility for the intro APR if you exceed the credit limit or make a payment later than the due date.

  • A variable APR of 11.99%-19.99% applicable on promotional balances after the expiry of intro APR period.

  • Get WorldPoints rewards. These reward points can be redeemed for cash, car rentals, unrestricted travel, hotel benefits, merchandise and gift certificates.

  • Rewards start from 2,500 points.

  • Earn one point on every $1 spent in retail purchases.

  • No limit to points you can earn.

  • Points expire after five years.  

Who Are the Top Providers of Professional Credit Cards?

Some of the few providers of professional credit cards are:

  • MBNA

  • Citibank

  • American Express

  • Bank of America


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