Are You Eligible For The Citi Premier Card?

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Hyperlink: Apply now for the Citi Premier® Card

The Citi Premier® Card (evaluate) is at present providing a best-ever welcome bonus of 80,000 ThankYou factors upon finishing minimal spending. There are various causes to get this rewards card, from the 3x factors bonus classes, to the $100 annual lodge credit score, to the general worth of the Citi ThankYou ecosystem.

Understandably there’s typically some confusion about eligibility for the Citi Premier Card, so I needed to handle that on this publish, in hopes of maximizing odds of individuals getting permitted.

Citi Premier Card eligibility necessities

There are sometimes questions on what it takes to get permitted for the Citi Premier Card, so on this publish I needed to share the three major issues to contemplate earlier than making use of for the cardboard, to attempt to determine in case you’re eligible. Bank card issuers have all types of guidelines in terms of approving folks for playing cards, so let’s go over a few of these.

Are you beneath Citi’s 8/65 restrict?

Citi will typically approve cardmembers for at most one Citi card each eight days, and at most two Citi playing cards each 65 days. This can be a rolling restrict, so simply be sure to observe that. That is particular to Citi playing cards — making use of for playing cards with different issuers gained’t rely towards that restrict.

Are you eligible for the welcome bonus (24-month rule)?

The welcome bonus of 80,000 ThankYou factors on the Citi Premier Card isn’t accessible to you in case you’ve:

  • Obtained a brand new cardmember bonus on the Citi Rewards+, Citi ThankYou Most popular, Citi Premier, or Citi Status, prior to now 24 months
  • Closed the Citi Rewards+, Citi ThankYou Most popular, Citi Premier, or Citi Status, prior to now 24 months

It’s high-quality in case you have one (or extra) of these playing cards, you simply can’t have acquired a bonus or closed one of many above playing cards in that interval. Be taught extra about Citi’s 24-month rule.

What credit score rating do you want for the Citi Premier Card?

There’s not a constant rule as to what credit score rating you want to be able to be permitted for the Citi Premier Card, as credit score rating is considered one of solely many issues when being permitted for a card. Generally, I’d suggest having a credit score rating within the “good” to “glorious” class in case you’re going to use for this card.

Personally, I most likely wouldn’t apply if my credit score rating had been beneath 700, and ideally, I’d hope to have a credit score rating of 740 or larger. That being stated, folks with scores decrease than which were permitted, and conversely, folks with scores larger than which were rejected. There are many components that go into approval — your revenue, your credit score historical past, how a lot credit score Citi has already prolonged you, and many others.

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Citi Premier Card approval FAQs

To reply just a few extra of the incessantly requested questions in terms of Citi Premier Card approval…

Is it exhausting to get permitted for the Citi Premier?

Amongst mid-range bank cards, I discover the Citi Premier to be one of many simpler playing cards to be permitted for. In fact this assumes you might have good credit score, together with a great quantity of credit score historical past, and meet the eligibility necessities. However anecdotally I’ve discovered that folks have higher luck getting permitted for this card than the Chase Sapphire Most popular® Card (evaluate), for instance.

How lengthy does it take to get permitted for the Citi Premier?

Approvals on Citi bank cards may be on the spot, and also you’ll typically discover that to be the case. Nevertheless, in some conditions a guide evaluate could also be wanted, so don’t fear in case you get a message stating that your software requires additional processing time — it doesn’t imply you’ll be rejected. You’ll be able to typically anticipate that you simply’ll get a closing choice inside every week or so of making use of.

Which credit score bureau does Citi pull from?

In case you apply for the Citi Premier, there’s not a single credit score bureau that Citi all the time pulls from. It could possibly be Equifax, Experian, or Transunion, relying on quite a lot of components.

Is it unhealthy to your credit score rating in case you get denied for the Citi Premier?

What are the unfavourable impacts of making use of for a bank card and getting denied? The one draw back is that there’s a brand new inquiry in your credit score file, which might quickly ding your rating by just a few factors. Whereas everybody’s state of affairs is completely different, personally I wouldn’t think about that to be a giant problem, as dropping just a few factors quickly shouldn’t have main implications.

In the meantime getting permitted for the cardboard and utilizing it responsibly might have a really constructive affect in your credit score rating, by enhancing your whole accessible credit score, historical past of on-time funds, credit score utilization, and many others.

In case you get denied for the Citi Premier, are you able to apply once more?

Sure, you possibly can. In case you’ve been denied for the Citi Premier prior to now, you might apply once more. Simply since you get denied as soon as doesn’t imply you’ll be denied once more, particularly if elements of your credit score worthiness have improved (for instance, in case your credit score rating went up, the variety of playing cards you opened prior to now two years went down, and many others.).

Nevertheless, I’d wait six months (or so) between purposes, and make it possible for one thing has modified (for the higher) about your credit score state of affairs.

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Backside line

The Citi Premier Card is providing an enormous welcome bonus of 80,000 ThankYou factors upon finishing minimal spending. This is a wonderful bonus, and anybody who’s eligible ought to significantly think about making use of, for my part.

Thankfully the Citi Premier Card shouldn’t be too powerful to get permitted for — simply be sure to have a great credit score rating and are aware of Citi’s eligibility necessities.

In case you’ve utilized for the Citi Premier Card, what was your expertise like?

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