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Rules to Know for Citi Credit Card Applications: 2 Year Rule!
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Before applying, it’s important to understand the 1/8 Rule, 2/65 Rule, 1/90 Rule, Citi 24 month rule and bonus eligibility.
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@ffuentes900 5 жыл бұрын
After watching many of your videos talk about sign up bonus, you're description of the Costco signup bonus: "you get a free chicken, bucket of water, etc..." made me literally LoL
@bobby_digital9493 6 жыл бұрын
Wow, I almost just applied for three Citi cards using the multiple tab method and clicking submit at the same time. You just saved me a couple hard inquiries. Thanks very much!
@charlesurias 7 жыл бұрын
Another great video. I'm impressed by how frequently you pump out these informative videos.
@AskSebby 7 жыл бұрын
Thanks Charles :) Glad we've been helpful :)
@ericbreit-nicholson2971 7 жыл бұрын
Don't forget about the Citi Dividend card. I just downgraded my AA card to it and can't wait for it to arrive. You might also include the AT&T Access More card which gives 3x points on all online purchases but comes with a $95 annual fee.
@vectra2k1 5 жыл бұрын
Costco now has a $60 Costco cash card if you're a new member signing up for the executive membership and apply for and are approved for the Costco visa card.
@aznboichillz 7 жыл бұрын
Had anyone tried applying two citi credit cards from two computers and clicking the submit button at the same time?
@zertexz574 7 жыл бұрын
They rejected me for too many inquiries. ..Good information bro.
@domijotowashere2573 4 жыл бұрын
I had 5 inquiries and they rejected me
@JRBKLYN718 7 жыл бұрын
Citibank sucks for the most part. only way ill get one of their cards is if they send me a pre approved offer , other than that I don't think their product is worth a hard inquiry.
@stevenmiller7747 7 жыл бұрын
Been a Citi Bank customer for a few months. I've discovered only one rule you need to know about CITI Bank: Don't get a Citi Bank card. Terrible customer service compared to AMEX, Chase and Discover.
@jay23cr 6 жыл бұрын
Another rule I just found out about the hard way was that downgrading to the Costco card locks you into it for life, as part of Citi's sweetening the deal to wean Costco away from AMEX! We are chump change in that deal! If you ever want to cancel your Costco membership, you also lose you Citi credit card and your credit line with it. Want a different card? New application, breand new account!
@jareds1227 6 жыл бұрын
I was going to apply for the Citi AA Business and personal card tomorrow so glad I saw this. Not what I wanted to hear but helpful that I don't get rejected lol
@daishi15 5 жыл бұрын
I got the Citi AAdvantage Platinum Select & Citi Premier Cards. 2 amazing Citi Cards !
@MrDPMan3000 6 жыл бұрын
I applied for the double cash card, and got it with a 710. It was a bit of a pain getting it, though worth it I think.
@technizzy2557 5 жыл бұрын
does any one know if the citi business cards report to your personal credit ? and what bureau do they pull in Michigan ? Thanks
@jasontaylor6435 4 жыл бұрын
great info great production value
@OrieMcIntosh 7 жыл бұрын
Most likely will be going after the ThankYou Preferred for the small signup bonus and no annual fee to help me "build my base".
@RJjClips 3 жыл бұрын
Can A Foreigner Apply for Citi Card with just a Passport ?
@haf1826 4 жыл бұрын
Citi is terrible... the only redeeming card they have is the Costco card. Other than that Citi isn’t worth dealing with
@Eugenewhatt 6 жыл бұрын
According to your example, does it mean we can have two no-annual-fee Hilton card (one is applied in 2017, and the other one is downgraded in 2019 from the Hilton card with annual fee)?
@JoseFernandez-wu8pj 2 жыл бұрын
I hope Citi prongs back the PRESTIGE CARD BUT WITH A LOT BETTER HIGHER POINT CATEGORIES.
@livingofftheedge 7 жыл бұрын
Good video, thanks for the chart!
@kvp1000 7 жыл бұрын
Need to know about how credit inquiries are getting counted while applying for credit cards. For example lets say I have three credit cards from Chase, US bank and Amex. For Chase, the inquiry appeared on Equifax only, for US Bank the inquiry appeared on Transunion only and for Amex, on Experian only. So it appears that there is 1 inquiry in each of the credit bureaus report. Now while applying for the fourth credit card from for eg. Citi, will they consider three inquiries or just one?
@AskSebby 7 жыл бұрын
It depends on which bureau they pull, which often depends on your state/city.
@kvp1000 7 жыл бұрын
Looks like I didn't mention the point properly. It happens to be that after applying for 3 credit cards from three different lenders, each credit bureau got one inquiry from each lender. Now while applying for a fourth credit card, will the fourth lender look all three bureau reports to see 3 separate inquires(one from each) or they just see one bureau report and see that there is only one?
@AskSebby 7 жыл бұрын
It depends on the lender. Some like Capital One pull from all of the bureaus. If they pull from only one, they'll see one. It depends on the bank. There's no hard rules.
@kvp1000 7 жыл бұрын
Thanks
@corteydmusic Жыл бұрын
Great
@drewlongbrakevibes 5 жыл бұрын
Almost applied for a different Citi card within the 8 day window. This was super helpful! Thanks!! -- I have no credit cards/ credit history yet and applied for the double cash card. I understand now that I should have applied for a secured card after hearing your videos, should I try to apply for the Citi secured card after 8 days have passed? Or should I wait 60 days?
@krisudhir 6 жыл бұрын
Got the following Citi Targeted offer: "Starting with your next purchase, you’ll earn 5% back as a statement credit, up to $25, now through 03/31/2018 on eligible purchases you make at clothing stores, computer & electronics stores, department stores and toy stores" Any tips on how you'd optimize around those citi categories with store gift cards, or online stores that code in those categories etc?
@krisudhir 6 жыл бұрын
Btw, don't mean to take up a lot of your time with my questions. If you think an offer such as the one above is generally useful to your subscribers, would love to learn your approach!
@AskSebby 6 жыл бұрын
Best Buy and Toys'r'us sometimes have other gift cards.
@jebfernandez5952 7 жыл бұрын
Will you be doing a video for Amex application ? I got a blue every day promotion spending 500 and getting 150 within 3 months. Looking to see if that would be my best option right now since i have 4 cards with my oldest being 3 years and a 750 credit score.
@AskSebby 7 жыл бұрын
Yep! I'll cover the BCE there :)
@ds6784 7 жыл бұрын
Its a great card for grocery shopping.
@alonzomartii 4 жыл бұрын
it all depends on which card. Cause I applied for Citi Bank once I don't remember which one then I applied for Citi Diamond I think 48-50 hours and I was approved for 7k
@stepheniestephens3698 4 жыл бұрын
can I switch from the secured card to the double cash card after one year even though they don't evaluate for reimbursing the deposit until 18 months? I have had the secured card for 6 months now.
@dpaulfranco 5 жыл бұрын
Is it possible to upgrade from the diamond preferred to the double point AND do you recommend it?
@jackreacher2914 6 жыл бұрын
Great Video!!!!
@Retribution3610 6 жыл бұрын
I’ll probably apply for Citi AAdvantage Platinum since I’ll be flying with them for my wedding in April. I can use the free bags and discounted drinks. After 1 year I’d product change to Double Cash.
@AskSebby 6 жыл бұрын
Congrats on the engagement :)
@Retribution3610 6 жыл бұрын
Ask Sebby Thank You!!!
@abdulmannan9298 5 жыл бұрын
I closed my Citi diamond preferred and double cash last year. I am eligible for the sign up bonus for Citi premier or AA platinum now?
@aadeorukhkar 2 жыл бұрын
Any thoughts on qualifying for the Simplicity card? As usual, citi will reject application due to "balances on other cards". This is ironic because why would anyone want a balance transfer card if there are no balances to transfer? Other reasons for denial are understandable, but can't understand why the rejection with impeccable payment history for almost 10 years. Any insight would be helpful. Thanks!
@corteydmusic Жыл бұрын
Classic video
@JoferItaas 6 жыл бұрын
Do you think that it would be more beneficial to use an Amex that has 12 months 0 APR on balance transfers that is already existing, or risk applying for a Citi Preferred Diamond card that has 21 months 0 APR on balance transfers?
@AskSebby 6 жыл бұрын
I'm not a fan of 0% cards unless you're using that debt towards income generation / income growth. I've seen a $10k balance transfer / 0% offer spiral into $50k of debt.
@dekonfrost7 5 жыл бұрын
Sebby what is the best site to find the data points on card acceptence?
@narenderyadav9708 7 жыл бұрын
I got refused for citi double cash back for too many inquiries. I dont think I ll apply for citi card again. I have chase freedom and unlimited one. I saw one of ur videos where u said 1.5 of chase is equals to 3%?? can u elaborate.
@AskSebby 7 жыл бұрын
Assuming you use it towards travel and are looking to use transfer partners: kzfaq.info/get/bejne/hr-TZc1_ppzNpH0.html Example of >2 CPP for US to Hawaii: kzfaq.info/get/bejne/ZtZ4rZaYuLPKZ2g.html
@xxlollipoplilxx 4 жыл бұрын
if I have the Citi Prestige now and haven't had a bonus for 24 months can I get the premier card and then cancel the prestige right after or do I need to wait until after I earn the bonus to cancel to be eligible for the bonus?
@isaacng123456789 6 жыл бұрын
What happens to the Thankyou points if I product change the Premier Card to double cash or divident after the first year?
@AskSebby 6 жыл бұрын
I would use them before a PC.
@dustincardenas4014 6 жыл бұрын
Ok, I have great credit, an AMEX card with an 18k limit, and I am only using 14% of my utilization. I want to transfer my balance from discover-about $3k- to take advantage of the interest free rate. I was recently denied for the blue sapphire card. Is it worth it for me to apply for this card? Or will I be denied? It was about a month ago I was denied.
@NicholasCandaffio 7 жыл бұрын
I that product category rule fairly new? I applied for the AAdvantage Premier and AAdvantage Executive within two weeks of each other around July last year and got the bonus on both.
@AskSebby 7 жыл бұрын
Yep! It started August of 2016.
@paullee8163 5 жыл бұрын
on citi premier . if i get the bonus for the first year. keep it and pay for $95 for the 2nd years. then cancel it when i get the third year fee . can i get the sign up offer again if i reapply after 1 month?
@jonesbunny 7 жыл бұрын
I hate citi bank. they suck n very strick truing to get anything out of them
@glennbiag343 7 жыл бұрын
Off Topic But Can You Combine Thank You Points With Double Cash Card Or The Citi Simplicity??
@AskSebby 7 жыл бұрын
No, it's cash back vs. points. Same with Amex Blue vs. Amex Membership Reward points.
@tajneeley 4 жыл бұрын
You can now
@krisudhir 6 жыл бұрын
Is Citi equally enquiry sensitive for both business and personal cards? Apart from the 6 inquiries in 6 months, could there be a limit to the # of enquiries in the last 12 months or 24 months? Just making sure as they can see the enquiries in your credit report 24 months back.
@krisudhir 6 жыл бұрын
Also, is having exactly 6 enquiries in 6 months a basis of rejection? Or, do you get rejected automatically only when you have 7+ enquiries?
@AskSebby 6 жыл бұрын
I would get down to 3/4 inquiries for Citi. YMMV.
@krisudhir 6 жыл бұрын
Thanks! If you get a targeted Citi offer for AAdvantage personal, would it make sense to call Citi for a business AAdvantage offer instead? Due to prior credit rules ignorance, we are in 5/24 purgatory as well as inquiry purgatory, and hence our recent focus has been all about biz cards!
@paltasirinola 6 жыл бұрын
Again, thanks a lot for these great videos. I have a question for you. I have seen some reviews about citi cards, and have found negative comments regarding credit limit, saying Citibank does not give you an acceptable amount. Do you have any recommendations like applying by phone or something?
@AskSebby 6 жыл бұрын
Use the banks for their "secret power" rather than just put all your eggs in one basket. Citi = price protection + return protection Chase = rewards + relatively high limits (after awhile) Amex = return protection + almost always having your back (probably a terrible analogy but...) find a great goalkeeper, striker, defender. Don't find 3 people who can play all the positions "fine but not great" -- use them for their strengths.
@paltasirinola 6 жыл бұрын
gotcha, I was thinking in city simplicity or diamond preferred just for their good deals in balance transfers
@AskSebby 6 жыл бұрын
I strongly advise people against balance transfers. In most cases, it gets people into more debt. The only exception is if you're using a balance transfer to increase your earning power (i.e., coding bootcamp), interest arbitrage (4-5% accounts), or if it's related to your income (i.e., laptop destroyed and you're a dev).
@paltasirinola 6 жыл бұрын
Ask Sebby Oh yes, I read your advise in other videos. I just want to use it to transfer a big balance and pay it off with 0% interests. Thanks for your prompt answers!
@lewis20002000 6 жыл бұрын
Got rid of the AA executive card with the $450 AF last month, product changed it for a double cash card, don't know why I keep that card for almost three years. I was never impress with the Admiral club glad. I was bored so I started looking at KZfaq and this old one from you came up, and I was inline with what you would of done, I think....lol. I was not impress with the Admirla club for $450 a year. Do you have the AA executive or go to the Admiral club?
@AskSebby 6 жыл бұрын
Zero experience with Admiral's Club and didn't consider it given the high effective AF.
@VIEWMYYOU 6 жыл бұрын
Does this apply to cards like Best Buy and Home Depot which are under citi ?
@AskSebby 6 жыл бұрын
YMMV. I've heard mixed things from different reps and data points.
@joelreed8198 6 жыл бұрын
does another card ie United mileage affect the 1/8 rule and 2/65 or are these rules specific to citi cards only? Also does a citi business rejection count against 1/8 and the 2/65. I have applied for the citi business card twice now and both times have been rejected. 820 credit score and have had no other issues with any other cards.
@AskSebby 6 жыл бұрын
1) No 2) Yes
@roberttaylor8906 6 жыл бұрын
Do these rules apply to the Sears MasterCard? Actually, I just scoped citi's site, it looks like the best sign up offer is 60k AA miles after 3k spend on the AAdvantage Plat Select, and the fee is waived the 1st year. Is it possible to product change that card to the Sears MasterCard?
@AskSebby 6 жыл бұрын
Call them and ask :)
@roberttaylor8906 6 жыл бұрын
I was just approved for the Citi AAdvantage Platinum, and my next Citi card is gonna be either the Prestige or Premier. I'm thinking of getting the Premier for the SUB and no AF for year 1 then PCing to the Prestige in year 2. Seb, I know people will have gold or Priority status and get he $350 fee for the prestige, and it even gets locked in if they lose the Priority status. If my goal is to lock in the $350 fee, do you know if itd work if I had a Premier, and right before year 1 hits, open the Priority account for 1 month, then let the year roll over on the card, PC it to a Prestige, let the (reduced) annual fee drop, then cancel Priority status?
@AskSebby 6 жыл бұрын
Based off data points, you should keep the lower AF.
@roberttaylor8906 6 жыл бұрын
Ask Sebby thanks dude - come may ill see what the SUBs are at! I remember a vid you said Citi (I think?) Denied you for not carrying balances - well I'm keeping balances on 2 or 3 cards for these Citi apps but have it structured so that I'm not paying any interest lol. Just keeping balances to "trick" Citi xD!
@CarlosRosales-lp4nh 6 жыл бұрын
Can I product change my citi Best Buy card ?
@AskSebby 6 жыл бұрын
Call them to confirm. I've heard mixed things (i.e., if you PC to Costco, you're stuck with it).
@brianthomas3249 6 жыл бұрын
I have the city simplicity card but I want the Citi diamond
@AskSebby 6 жыл бұрын
Unless you need to do a BT, I would advise against the Diamond. There's really no value to the card. You're better off with the Double Cash.
@leonidassabr9197 5 жыл бұрын
@@AskSebby can you elaborate on whh you think the card is worthless?
@ryanwooten3118 6 жыл бұрын
Hi sebby, I’m going to be making a purchase of about $4,000 and want to utilize a 0% APR intro. What card do you recommend? Credit karma shows my score at 735.
@AskSebby 6 жыл бұрын
Any 0% card. I'm really not a fan of this strategy though unless you're extremely disciplined. I've seen people go from $10,000 to $50,000 playing the balance transfer game: www.asksebby.com/blog/the-most-dangerous-game-with-credit-cards-balance-transfers
@krisudhir 6 жыл бұрын
I closed a citi Diamond preferred card opened recently., as I had another Citi Diamond that is much more older. Then I started considering opening it up again to keep the score alive.The citi rep sounded that she can reopen the card but would not clarify whether there would be a hard pull or not. Is there a way this could be done without a hard pull?
@AskSebby 6 жыл бұрын
It should not be a hard pull. I believe you have 30 days from closing it to reopen it. You can product change it to the Citi Double Cash or the Citi Dividend which are both useful cards.
@krisudhir 6 жыл бұрын
Thank you! It has been more than 30 and less than 60 days - would that make a difference? Have an existing offer to convert my existing diamond preferred to Thank You preferred. Would you recommend taking that offer or try converting to Double cash or Citi Dividend instead?
@AskSebby 6 жыл бұрын
Given them a call and see what happens. I think the Dividend is one of the best cards to PC to. It's a 5% quarterly card that you can't apply to (can only PC to): www.citi.com/credit-cards/credit-cards-citi/citi.action?ID=dividend-quarterly-offer
@krisudhir 6 жыл бұрын
Called in morning. Rep told me I can't reopen card as it has been more than a month. More than two months actually! Hung up, then called back in the evening. This rep said that a request to reopen can be submitted and that there would be a credit pull (hopefully soft) If/when the account is reopened, I would have the option to PC Citi Diamond to citi dividend! On the other hand, I learned that a Citi Simplicity cannot be PC to any other card.
@davidtaylor1779 5 жыл бұрын
Citi's customer service is pretty weak. Well, insulting. When you have a question that the automaton can't find an answer to in the script binder, they suggest a manager call you back within 48 hours. I'm not joking. You see, all of the customer service managers are in meeting each time you call. Fancy that. So very busy. They'll perhaps ring you if available on their own timeline, say, in about two days.
@allbeautyariethang8594 7 жыл бұрын
Is there a limit to how many citi cards I can get ?
@MegaBallPowerBall 6 жыл бұрын
AllBeautyArieThang No.
@imranhossain.8414 6 жыл бұрын
Hey #Sebby I watched your almost every videos this is my first question to you! Recently I got citi Double cash card even tho I applied citi double cash card but I got rejected for inquiries then almost 1 month I applied for Costco visa anywhere Same got rejected for inquiries then I talked one supervisor for my case and she approved me for double cash card but I need Costco card because I’m purchasing my everything from Costco! So my question to you should I wait for Costco card or should I talk with supervisor? I got approved citi double cash last week! Please if you have available time please response me! Thanks
@AskSebby 6 жыл бұрын
Call recon and see what happens.
@kazi1 Жыл бұрын
Still useful in 2023
@InthenameofYeshua 7 жыл бұрын
What credit bureau do they pull from
@stevenmiller7747 7 жыл бұрын
Derek Lowery they pulled Experian and Equifax for me. Got a CITI Bank card a month ago
@AskSebby 7 жыл бұрын
Depends on your city/state.
@theamethyst93 5 жыл бұрын
I just want a citi card for presale concert tickets
@XXX-cn7gj 4 жыл бұрын
My income is above average and score is 780+, yet I was denied... how !?!?
@AskSebby 4 жыл бұрын
Banks are de-risking. Example: Amex isn't even taking new customers if you don't already have a card. kzfaq.info/get/bejne/jrikpbWUv5rQdI0.html
@XXX-cn7gj 4 жыл бұрын
@@AskSebby Its a bummer, just wanted to balance out my cards so far, I guess i'll just have to wait. Called the reconsideration line and that was no help either.
@XXX-cn7gj 4 жыл бұрын
@@AskSebby Ha! Got a paper in the mail and called the new number and was approved. Nice!
@KillhoIic 6 жыл бұрын
@ Ask Sebby what if u applyed for a citi secured card and your credit score is 620 and you have over 8 Car loan inquiries would that count as 6/6 rules? Please help thanks!
@AskSebby 6 жыл бұрын
Yes as you inquired for credit.
@KillhoIic 6 жыл бұрын
I just check my bank account and i have a pending withdrawal from citi bank for the secure card is tgat a approval?
@Z3CHB4DB0Y 7 жыл бұрын
I want a free chicken
@JeremyJamesDec15 7 жыл бұрын
I would like to see you do this video for Bank of America cards.
@henryhu91 7 жыл бұрын
can you also do the video about what cards are good for those who looking to apply Amex for the first time?
@gauve30 7 жыл бұрын
Henry H1 hands down blindly go with BCP. So far saved more than a grand. Lost wallet, a ruined shirt, and cashbacks. Been 11 months. Then get plat. Then spg.
@sahilmodi2029 7 жыл бұрын
Sebby can you please review the American Express Business SimplyCash Plus Card. It seems to have a lot of good perks for cash back redemption but I am not sure if its truly worth getting when taking everything in to consideration. Your insight would be appreciated. Thanks.
@ryanfield431 4 жыл бұрын
I miss fast talking Sebby.
@LuisRamirez-dk6zm 6 жыл бұрын
I have a question @ask sebby so if I where to get the chase amazon card on the 19th and was approved on the 24th can I apply for a citi credit card or do other credit companies not effect the 1/8 rule and only citi credit cards can effect the 1/8 rule? Please help
@arieljefe3053 4 жыл бұрын
too fast talk i cant understand whats he talking about.he ate his words.
@riverastronaut 4 жыл бұрын
If you wanna regret it, get citibank
@gauve30 7 жыл бұрын
2:40: as long as a customer is once pre approved for citi, they are utterly reluctant to do hard pulls. Example: they approved me but there was not hard pull even though I was like month late than expiry of the last promo they sent me. Then I tried to get a credit limit rise, and they didn't bother doing a hard pull again. Lol. But yeah, service sucks in comparison to others. Good for only stuff where you know you immediately wanna skim off money using price rewind. Example: buying something at more expensive price and then using that feature to get money back. With other cards, a lot more procedure is needed. This is just online system that does everything.
@AskSebby 7 жыл бұрын
Good point with Price Rewind. It's super valuable, even though I haven't really used it much.
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