This story appears in the
January 2001 issue of
Entrepreneur.
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Love the idea of a credit card embossed with your company's
name, but don't like annual fees? Well, Citi-group's
CitiBusiness Platinum Select (www.citibusiness.citibank.com)
charges no annual fees and offers up to 25 cards per account. In
addition to business discounts and free quarterly and annual
summaries, CitiBusiness has an "Ask the Experts" service
to answer entrepreneurs' questions about their burgeoning
businesses.
Another new card, Visa Buxx (www.visabuxx.com), gives retailers
further entree into the teen market, which Visa says is $150
billion plus and growing. How it works: Parents put money into
accounts to be accessed by payment cards, and are notified by
e-mail each time the cards are used. Friends and relatives can give
gifts by putting money in the accounts as well.
C.J. Prince is a New York City writer who specializes in
business topics and the executive editor of Chief Executive
magazine.