After being discontinued in August 2018, the Citi Prestige card returned with a new offer in January 2019. The biggest Citi Prestige change that resulted was the card’s bonus rewards rate of 3 points per $1 on airline, hotel and travel agency purchases going to 5 points per $1 on dining and air travel. The old Citi Prestige card’s earning rate of 2 points per $1 on restaurant and entertainment purchases also changed to 3 points per $1 on cruise line and hotel purchases with the new version. And the Prestige card’s $250 air travel credit changed to a $250 general travel credit. All changes were automatically applied to existing cardholders.
Other Citi Prestige changes on the horizon include a cell phone protection plan, which goes into effect on May 1, 2019. The plan will cover your cell phone for damage and theft when you charge your phone bill to the Citi Prestige card. Citi has yet to disclose specific coverage amounts.
More changes will follow on September 1, 2019. And they’re not positive. ThankYou points redeemed for air travel will decrease in value from 1.25 cents to 1 cent when redeemed through Citi’s travel portal. Also, the popular 4th Free Night benefit will be capped to twice a year. And the annual fee will jump from $450 to $495. The fee for authorized users will increase from $50 to $75, too.
Minimum Citibank credit card requirements are typically a good credit score between 700–749 for the Simplicity and Double Cash cards. Citi cards such as the ThankYou Preferred and Premier cards require an excellent credit score (750+). You can get the Citi Secured card with a fair to bad credit score (600 or less).… read full answer
In addition, Citibank requires personal information including your name and address. The address on the application has to be a physical location, and not a P.O. Box. Your date of birth and Social Security Number are also required.[Although rare, In some cases, you may be asked to provide a copy of your Social Security card as verification of U.S. citizenship.
Another Citibank credit card requirement is that an applicant be at least 18 years old. The Credit CARD Act of 2009 prohibits anyone under 21 years old to apply for a credit card unless you meet specific requirements. You will need proof of your ability to independently make payments. This could be a recent paycheck from your employer or a W-2 form.
The other option is to have an adult over the age of 21 to co-sign on the application. A co-signer should have the means to repay the applicant’s debt.
Even if you’re over 21, you still must meet Citibank’s income requirement in order to qualify for a credit card. You must be employed, and provide a source of income. If you’re self-employed, you must note that on the application. Self-employment will not affect your chances of approval as long as your income meets Citibank’s income requirements.
Sources of income include salary, wages, interest, dividends, rental income, and retirement benefits. Citibank doesn’t disclose a minimum income requirement.
Citibank verifies all information applications to ensure each applicant meets its minimum credit card requirements. If you knowingly report any inaccurate or misleading information on a credit card application, you are committing fraud. Penalties include $1 million in fines, and/or 30 years in prison.
The best Citi credit card promotion is a limited time offer of 60,000 bonus points when you spend $4,000 in the first three months with the Citi Premier card. Other good Citibank credit card promotions include 50,000 bonus miles with the co-branded AAdvantage Platinum Select World Elite Mastercard. Just spend $2,500 in the first three months to earn the bonus miles.… read full answer
There’s also the Citi Diamond Preferred Card’s 0% APR on balance transfers for 21 months, and Citi Double Cash, with 2% cash back and 0% for 18 months on balance transfers. Plus, Citi Simplicity has a promotional 0% APR for 18 months that covers purchases and balance transfers.
Citi’s credit card promotions offer rewards for a wide range of customers. The common denominator is that they all require good credit or better to qualify. That means you’ll need a credit score at least in the 700-749 range in order to take advantage of these promotional offers.
Latest Citi Credit Card Promotions:
60,000 bonus ThankYou points when spending $4,000 in the first three months: Citi Thank You Premier. Earn 3 points per $1 spent on gas purchases; 2 points on dining and entertainment. No annual fee for the first year; $95 after. Excellent credit required.
50,000 bonus airline miles when spending $2,500 in the first three months:: Citi / AAdvantage Platinum Select. 2 miles per $1 spent on gas and dining purchases. Preferred boarding and free checked bag for cardholder and up to four guests. No annual fee for the first year; $95 after. Good credit or better required.
0% APR for 21 months on balance transfers: Citi Diamond Preferred. 5% or $5 minimum transfer fee applies. 0% APR for 12 months on purchases. 14.74% - 24.74% (V) Regular APR. No annual fee. Good credit or better required.
2% cash back: Citi Double Cash. Earn 1% when your buy; another 1% when you pay. 0% APR for 18 months on balance transfers in the first four months. 3% or $5 minimum transfer fee applies. 15.24% - 25.24% (V) Regular APR. No annual fee. Good credit or better required.
0% APR for 18 months on purchases and balance transfers: Citi Simplicity. Balance transfers must be completed within the first 4 months. 5% or $5 minimum transfer fee applies. 15.74% - 25.74% Regular APR. No annual fee. Good credit or better required.
Some Citi credit card promotions are available only for a limited time. Citi also occasionally offers new promotions for some of its existing credit cards. Check Citibank’s Rewards & Offers page often to view its latest promotions.
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