The Citi ThankYou® Preferred Card required excellent credit (a credit score of 750+) for approval, but it is no longer available to new applicants. A great alternative is the Citi Rewards+® Card, and it requires at least good credit (i.e., a credit score of 700+). It too, offers ThankYou rewards, allowing cardholders to earn 5 points per $1 spent on air travel and hotels (up to $6,000 in the first 12 months), 2 points per $1 spent at supermarkets and gas stations up to $6,000 spent per year, and 1 point per $1 on all other purchases. Plus, it offers 20,000 points for spending $1,500 in the first 3 months.
Aside from your credit score, the issuer considers your overall financial picture, including your income and existing debt obligations, when making approval decisions. Your housing expenditures and your general ability to make credit card payments will also be taken into account when reviewing your application.
Keep in mind that applying for a credit card generally triggers a hard pull on your credit report, which can lead to a slight dip in your credit score. To gauge your approval odds, it’s a good idea to check your credit score before applying.
If your current score does not meet the card’s requirements, you can check out some tips on how to improve your credit. And if you’re at the start of your credit journey, you may want to consider a credit card for people with no credit. If you want to stick with Citi as an issuer, the Citi® Secured Mastercard® is open to applicants with limited credit (less than 3 years of credit history).
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