| The Citi AAdvantage World MasterCard is one of several credit cards that Citibank offers and is specifically designed for those who have very good credit and frequently travel on American Airlines. The rewards program allows cardholders to earn one mile for every dollar they spend on the card. The points can then be redeemed for hotels, car rentals, and free travel on American Airlines and any of the participating partners. The maximum annual limit is 100,000 miles, but this is waived for AAdvantage Executive Platinum, AAdvantage Platinum, and AAdvantage Gold members. There is no expiration for redeeming points as long as the account has activity at least once every three years. Unlike most other cards, the AAdvantage World MasterCard offers members 15,000 bonus miles for the first purchase and has no pre-set spending limit. What this means is that cardholders can occasionally exceed their credit limit contingent upon their payment history and credit. The interest rate for purchases at 17.99% variable is higher than most other reward cards, and cash advances have a minimum cap of 19.99%, and though this is tied to the Prime Rate, the interest will never go below that minimum. The annual fee is rather high at $85, but is waived for the first year. There is no balance transfer fee, but there is a cash advance fee of 3% assessed with a minimum of $5 charged. Because of some of the high expenses connected to this card, those who will benefit the most are those who can afford to pay the balance each month, do not plan to spend more than $100,000 annually and can expect to earn a free ticket within the first year. Some of the benefits you will receive from this card include the following: &bull Online access to account information &bull Access to reduced mileage awards &bull Solutions to identity theft &bull Reporting of lost and stolen cards &bull Emergency cash and card replacement &bull Automatic payment of bills &bull Insurance on car rentals &bull Financial statement at year-end upon request &bull Assistance with lost luggage &bull Medical and legal referral services &bull Emergency assistance and travel-related services &bull Travel accident insurance up to $1,000,000 |
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