Citi Double Cash Credit Score: Here’s How to Get Approved | The Motley Fool (2024)

FAQs

Is it hard to get approved for Citi Double Cash? ›

You'll want a fair to excellent credit score (a 580 to 850 FICO score or a 601 to 850 VantageScore) for the best chance to qualify for the Citi Double Cash Card. If you want to gauge your approval odds before applying, check out Bankrate's CardMatch™ tool.

Here's the average credit limit of members who matched their Citi® Double Cash Card or similar cards. The average credit limit for members who have matched with this card or similar cards is $5,656, with $500 being the most common.

What Credit Score Do You Need To Get Approved for a Citi Card? Most cards offered by Citi require a good to excellent credit score—670 to over 800. The cards with such requirements are some of the most rewarding cards offered, but there are options if your score is not quite at that level.

What score model does Citi use and why is the score range different from others? There are various score models available in the marketplace. The FICO^® Score we deliver is based on data from Equifax using the FICO^® Bankcard Score 8 model. This model has a FICO^® Score range of 250-900.

Drawbacks of the Citi Double Cash Card

For one, there's no 0% intro APR offer on purchases, meaning new purchases will begin accruing interest immediately. This makes this card unsuitable for those who expect to carry a balance. Another potential drawback is the card's 3% foreign transaction fee.

Citi^® Secured Mastercard^® is an option for customers with little or no credit history and can help you build your credit when used responsibly. Unlike a debit card, Citi^® Secured Mastercard^® is a real credit card that helps build your credit history with monthly reporting to all 3 major credit bureaus.

Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.

Credit bureau used by Citi

Citi pulls credit data from all three credit bureaus depending on the applicant's home state. If you apply for a loan, Citi will review your score from all three bureaus. Citi credit cardholders also get complimentary access to FICO score information through Equifax.

The highest minimum credit limit on a Citibank credit card is $2,000 on the Citi Strata Premier℠ Card. Maximum credit limits from Citibank can reportedly be as high as $50,000.

One of the first and foremost reason for rejection is if the credit card applicant has low credit score. Any bank, when it gets a loan or credit card application will pull out the individuals credit score which is available with the number of credit bureaus operating in the country.

Does Citi approve instantly? ›

Citibank gives instant approval on its credit cards, but only some of the time. Instant approval always is possible when applying for a Citibank credit card online, though getting approved for an account immediately is never guaranteed.

Citibank does not have a specific minimum salary requirement for its credit cards, though applicants must report an annual income sufficient to make a card's minimum payment every month. Citibank is one of several major credit card issuers that do not publicly disclose a specific salary or income requirement.

No, it's not hard to get the Citi Double Cash® Card. In fact, it's one of the easier top credit cards to open. You can qualify for it with fair credit (a FICO® Score of 580 to 669). Most of the best credit cards require good to excellent credit.

The Citi Double Cash® Card credit limit is between $500 and $50,000, with $500 being the default minimum credit limit and $50,000 being the highest limit reported by cardholders. Citi doesn't disclose an official maximum, but a good credit score and enough income will likely get you a high limit.

Experian is the most commonly used source that Citi will draw a report from, but there's no guarantee that they won't decide to pull a different or additional report from another reporting agency. If you're not certain your score is good enough to be approved, you can work on improving your credit.

But if you decide to submit an application for the Citi Double Cash Card, Citibank will conduct a hard inquiry, which will lead to a slight, but temporary decrease in your credit score. This answer was first published on 05/27/21 and it was last updated on 01/15/24.

Earn cash back rewards in every purchase with the Citi Double Cash^® Card. You earn unlimited 1% cash back on purchases made with your cash back credit card, plus another 1% cash back as you pay for those purchases, whether you pay in full or over time.