The Citizens Private Client™ World Elite Mastercard® is a prestigious credit card designed for those who seek exclusive benefits and premium experiences. As part of the CitizensPlus™ program, this card offers unparalleled travel perks, substantial cash back rewards, and a suite of services tailored to meet the needs of discerning clients.
With its impressive array of features, the Citizens Private Client™ World Elite Mastercard® stands out as an excellent choice for high-net-worth individuals looking for a comprehensive and rewarding credit card solution.
Whether you are a frequent traveler, a savvy shopper, or someone who values exceptional service, this card delivers a range of benefits that cater to your lifestyle. In this detailed guide, we will explore the key features, benefits, and requirements of the Citizens Private Client™ World Elite Mastercard®, providing you with all the information you need to make an informed decision.
Key Information about the Credit Card
The Citizens Private Client™ World Elite Mastercard® is crafted to offer the best cash back rates, premium travel benefits, and exclusive experiences. Here are some of the primary features of this credit card:
- Unlimited 2% Cash Back: Enjoy unlimited 2% cash back on all purchases, with no rotating categories or complicated point systems.
- Annual Fee: The standard annual fee of $195 is waived for Citizens Private Client™ Checking customers.
- Global Entry & TSA PreCheck®: Receive a rewards credit of up to $100 for your application fee.
- Priority Pass: Access over 1,300 airport lounges worldwide with two lounge fees waived per year.
- World Elite Concierge Service: Access a 24/7 personal assistant for help with event tickets, restaurant reservations, and more.
How Does the Annual Fee Work?
The Citizens Private Client™ World Elite Mastercard® has a standard annual fee of $195. However, this fee is waived for customers who have a Citizens Private Client™ Checking account. This waiver is an essential benefit, making the card more accessible and cost-effective for those who qualify. The ability to avoid this annual fee adds significant value, especially when considering the extensive perks and benefits the card offers.
How Is the Credit Limit Determined?
The credit limit for the Citizens Private Client™ World Elite Mastercard® is determined based on several factors, including the applicant’s creditworthiness, income, and overall financial profile. Citizens Bank conducts a thorough review of the applicant’s financial history to set a credit limit that aligns with their ability to manage credit responsibly.
For conventional credit cards, this involves evaluating the credit score, debt-to-income ratio, and other financial indicators to ensure the limit is appropriate and manageable for the cardholder.
Advantages of the Credit Card
The Citizens Private Client™ World Elite Mastercard® offers a range of compelling advantages, making it a top choice for many consumers. Here are some of the key benefits:
- Unlimited 2% Cash Back: Earn 2% cash back on all purchases without any restrictions.
- Annual Fee Waiver: Save $195 annually if you have a Citizens Private Client™ Checking account.
- Global Entry & TSA PreCheck® Credit: Get up to $100 in credits for these expedited travel programs.
- Priority Pass Membership: Access over 1,300 airport lounges with two free lounge visits per year.
- World Elite Concierge Service: 24/7 personal assistant service for various needs.
- Comprehensive Travel Insurance: Enjoy peace of mind with extensive travel insurance coverage.
- Purchase Protection: Protect your purchases against damage or theft for a specified period.
Highlighted zdvantage: Unlimited 2% Cash Back
One of the standout features of the Citizens Private Client™ World Elite Mastercard® is its unlimited 2% cash back on all purchases. Unlike other credit cards that may have rotating categories or complex point systems, this card offers a straightforward and generous cash back rate on every purchase you make. This benefit is particularly valuable for cardholders who want a hassle-free rewards program that provides substantial savings over time.
Disadvantages
While the Citizens Private Client™ World Elite Mastercard® offers numerous benefits, it also has a few drawbacks that potential cardholders should consider:
- High Annual Fee for Non-Private Clients: The $195 annual fee can be costly for those who do not have a Citizens Private Client™ Checking account.
- Exclusive Eligibility: Only available to Citizens Private Client™ Checking customers, limiting its accessibility.
- High Credit Requirements: Requires excellent credit for approval, which may not be suitable for all applicants.
Highlighted disadvantage: High Annual Fee for Non-Private Clients
A significant drawback of the Citizens Private Client™ World Elite Mastercard® is the $195 annual fee for those who do not qualify for the waiver through a Citizens Private Client™ Checking account. This fee can be a substantial cost, especially for cardholders who may not fully utilize all the premium benefits offered. Therefore, it’s crucial for potential applicants to weigh the value of the card’s perks against the annual fee to determine if it’s a worthwhile investment.
Who can apply for this Credit Card?
To apply for the Citizens Private Client™ World Elite Mastercard®, applicants must meet specific criteria:
- Citizens Private Client™ Checking Account: Applicants must have a Citizens Private Client™ Checking account to qualify.
- Age Requirement: Applicants must be at least 18 years old.
- Credit Score: A good to excellent credit score is typically required.
- Income Verification: Proof of sufficient income to manage credit responsibly may be needed.
- U.S. Residency: Applicants must be residents of the United States.
How to apply for the Citizens Private Client™ World Elite Mastercard®
Applying for the Citizens Private Client™ World Elite Mastercard® is a straightforward process that can be completed online, via the mobile app, or at a branch.
Online Application
- Visit the Website: Go to the Citizens Bank website and navigate to the credit card section.
- Select the Card: Choose the Citizens Private Client™ World Elite Mastercard® and click “Apply Now.”
- Complete the Application: Fill out the online application form with your personal and financial information.
- Submit: Review your information and submit your application.
Mobile App
- Download the App: Install the Citizens Bank mobile app from the App Store or Google Play.
- Log In: Sign in to your Citizens Bank account.
- Navigate to Credit Cards: Find the credit card section within the app.
- Apply: Select the Citizens Private Client™ World Elite Mastercard® and follow the prompts to complete your application.
In-Branch Application
- Find a Branch: Use the branch locator on the Citizens Bank website to find a nearby branch.
- Visit the Branch: Go to the branch with the necessary documents (ID, proof of income, etc.).
- Speak with a Representative: Discuss your interest in the Citizens Private Client™ World Elite Mastercard® and provide your information.
- Complete the Application: Fill out the application form with the help of the bank representative and submit it.
