Credit and Debit Card Options

Whether it's the Gold MasterCard Debit Card for the business owner, or Platinum MasterCard Credit Cards issued to owners and key employees, the Business FMA Account offers the tools you need for streamlining purchases and travel expenses -- with no annual card fees. Either card will give you ready acceptance at over 16 million locations where MasterCard is accepted around the world. And as part of your Business FMA Account, you'll have the added convenience of automatic monthly payments¹ and transaction reporting, consolidated with your other account activity -- on your statement or through your personal computer. A Concierge Service is also provided as an automatic benefit. With just one call to the Service, you can simplify dinner reservations, theatre and sporting ticket purchases, or request assistance on other business services.

Platinum MasterCard Credit Card

You can apply for your own Business FMA Platinum Credit Card and also authorize cards for key employees' business use. While your assigned credit line may be shared by all cardholders, you may also decide to allocate specific amounts by employee, giving you added control. In addition, protection against employee misuse is provided.²

With this credit card, you may automatically pay off your full balance each month from your Business FMA Account or take advantage of the revolving credit feature and make minimum automatic payments, paying the balance when the time is right for your business. The choice is yours.

Gold MasterCard Debit Card

The FMA Card -- our gold debit card -- can be carried by business owners instead of, or in addition to, the credit card.³ With the debit card, you'll have easy access to your Business FMA Account around the world for purchases or cash withdrawals at thousands of ATMs and banks tellers.⁴ Spending limits are determined by available cash and money market balances, as well as available Portfolio CreditLine.

With the debit card, you can also take advantage of the optional Travel and Rewards Program. You'll earn points for eligible purchases that can be redeemed for your leisure -- airline travel, dining and merchandise rewards are all available. A $50 annual program membership fee applies.⁵

Certain restrictions apply to these and other benefits. Business FMA Platinum MasterCard cards are issued by Citicorp Trust Bank, fsb, subject to approval of credit application.

Merchant Card Services — Credit and Debit Card Processing

Citibank Merchant services really enhances your business. You can accept most major credit cards and debit cards. The credits for those transactions automatically appear in your Business FMA Account, and in most cases you receive those credits within 48 hours.

Through Citibank Merchant Services, Business FMA Account holders can arrange for their business to accept credit and debit card transactions. Citibank Merchant Services provides electronic deposits, streamlined processing, fast access to funds and competitive discount rates. Business FMA Accounts also receive low-cost options on equipment. Card processing fees are established directly through Citibank Merchant Services.

Information on Smith Barney Business Client Services

  1. While funds are not debited for debit card purchases until month-end and may continue to earn money fund dividends, they are not available for withdrawal or any other transaction when payments are pending.

  2. MasterCoverage^® Liability Protection provides liability protection against unauthorized employee charges up to $15,000 per card for businesses with five or more cards. (Businesses with two to four cards are protected up to $5,000 per card.)

  3. A margin borrowing agreement is required to obtain the FMA Card.

  4. $2.50 for non-ATM withdrawals. Local bank fees may apply. Cash withdrawals made from Citibank ATMs incur no surcharge.

  5. For more details or to enroll in the Travel & Rewards Program, call your Financial Consultant. Enrollment is not automatic. Business FMA Accounts enrolled in the Travel & Rewards Program are subject to maximums of 50,000 points earned per month and 250,000 points earned per year.

For more information, please contact your Financial Advisor.