After 3 succesive knock backs for Citibank Platrinum Visa I recently received a targeted CitiBusiness Gold application form in the mail which I duly completed and sent off.
Lo and behold this time I get accepted and received card in mail yesterday.
A couple of points I would like to highlight:
1. I emailed a copy of the completed application form to my accountant before sending off to Citibank - it wasn't difficult for him to substantiate all info I had included - some of which may or may not have been 100% accurate.
2. I was standing alongside my #1 man in my company when he took the call from Citibank to substantiate my 'income' level internally.
3. Indeed the CitiBusiness comes with an 80,000 annual point / year cap - at 1.25pts / $1 spend = total point earning spend of $64,000 annually - I will exhaust that in first 2 months - but then hopefully I can convince them to upgrade me to Citi Platinum if not Citi Select.
4. Op I spoke to did confirm I will earn 40,000 bonus Reward points at first spend - earn rate on spend is 1.25pts - reward points can be transferred to QFF, Velocity or Kris Flyer. Transfer rate to QFF is 1:1 = 1.25QFF pt / $1 spend up to $64,000 - transfer rate to KF 1.5:1 = 0.83KF pt / $1 spend up to $64,000.
5. No need to opt in etc to QF program - just supply existing QFF and KF numbers and you are set to go - transfers can only be affected on phone with op - transfer in blocks of 10,000 to QFF and blocks of 50,000 to KF.
I know this is prolly boring most but I also know a few others are / were in the same boat as me - Citi just don't appear to like self employed so I hope this info helps some of you guys.