Citi professional cash card: consumer rights and conversion?

I've been researching online all about this card. What I've come up with so far is that:





-they do report the card to the credit agencies as personal credit


-you can convert one of citi's consumer cards to the professional card; but can't convert back (to a consumer card, i assume).





Also, on the site's terms %26amp; conditions:


"Citi ProfessionalSM Cash Card is considered a business purpose credit card and not a consumer credit card. Please note that certain consumer rights do not apply to this account."





questions:





1) Do you think that in the future, they would allow the conversion back to a consumer card? I read that they approved the up-conversion like, last year.





2) What consumer rights would I be losing? Does that mean that I can't dispute a charge on the card? List a couple of specifics; I sorta visited the federal government's site about consumer rights.

Citi professional cash card: consumer rights and conversion?
If this is not a consumer credit card, it should not show up on your personal credit file. Calling it a "professional" card for "business purpose" is stradling the fence. If it's consumer credit and on your credit file, all consumer rights apply.





If it's a commercial/business account, it should not be on your personal credit file and you won't have those consumer rights. Big differences in collection practices for starters.





What is the advantage to you of going to a business credit card?
Reply:hey did you guys ever find out more info? I've had the care for a while, but just noticed the "Please note that certain consumer rights do not apply to this account." statement, so I'm wondering what I'm missing... Report Abuse

Reply:I got a responce from the OCC, "...business cardholders can seek protection from the Regulation for unauthorized use if less than 10 cards are issued for the account. Business cardholders can also seek protection under the issuance portion of the Regulation." Report Abuse

Reply:"Therefore, business cardholders can only seek protections under Regulation Z for unauthorized use and issuance covered under Section 12 CFR 226.12(a) and (b)."





(wouldn't fit.) Report Abuse