FAQs
No, Citibank does not have a 5/24 rule, which means Citibank will not automatically reject an application just because you've opened five or more credit card accounts during the past 24 months.
Does Citi care about 5/24? ›
Does the Chase 5/24 rule apply to all credit cards? The Chase 5/24 rule generally applies to credit cards issued by Chase, including cobranded Chase cards. It does not, however, apply to cards from other banks like American Express and Citi.
What is the Citi 48 month rule? ›
What is Citi's 48-month rule? Citi's 48-month rule restricts certain credit card welcome bonuses to once every 48 months.
Can you negotiate with Citibank? ›
Choose your debt amount
Settling with creditors is an effective, aggressive debt resolution strategy. Citibank has the reputation for a sharp negotiation policy. Consider hiring a debt settlement company to negotiate.
How often can you get a Citi card? ›
Citi only allows one new Citi credit card application every eight days, and you cannot apply for more than two Citi credit cards within a 65-day window. You are also limited to one Citi business credit card application every 90 days.
Which banks have the 5/24 rule? ›
The 5/24 rule only applies to getting approved for cards issued by Chase, but your 5/24 count includes credit cards from all banks.
What is the 2 65 rule for Citibank? ›
1/8 and 2/65 Rule
Conflicting data points exist with this rule, but you can expect to be approved for one Citi card every eight days and two Citi cards every 65 days. Separately, expect Citi to limit business credit card approvals to one business card every 90 to 95 days.
What is Citi 6 rule? ›
Citi 6/6 & 3/6 Rule
Also, Citi is known for automatically rejecting applications for anyone who has had more than six hard inquiries on your credit in the past six months.
What is the 200 million fine Citibank? ›
Citigroup Inc. withheld some compensation it planned to award to Paco Ybarra, who leads the sprawling institutional clients group, after the bank was forced to pay $200 million in penalties over employees' use of unauthorized messaging channels like WhatsApp last year.
How much do I have to keep in my account each month to avoid fees Citibank? ›
in your Citi Checking account: by making Enhanced Direct Deposits (EDD) of $250 or more each month; in your Citi Savings account: by having $500+ or more in Average Monthly Balance or owning both a Citi Checking and Savings account; and during the month you open an account and for 3 calendar months after account ...
If Citibank has a strong chance of winning its case against you, you'll want to offer at least 60% of the obligation you owe. For instance, if your current balance is $2,000, you can offer Citibank $1,200 in a one-time payment to settle the amount due. Once you know how much you can pay, send an offer.
Can Citibank garnish my wages? ›
Credit card companies can garnish (take) your wages just like most other creditors. But before taking part of your pay, the credit card company must first sue you in court to get a money judgment and a court order directing your employer to deduct funds from your pay.
Does asking for a credit increase hurt score Citibank? ›
Requesting a credit limit increase might hurt your credit score slightly if Citi carries out a hard inquiry. However, the effect is temporary and easy to overcome if you use your credit in a responsible manner.
What's the easiest Citi card to get? ›
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.
What FICO score does Citibank use? ›
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.
Is Citi a hard credit card to get? ›
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.
Which cards count towards 5/24? ›
All new credit cards applied for and approved within the last 24 months count toward the 5/24 rule, even if you've closed the account. The Chase 5/24 rule counts new accounts, not open accounts.
Does Citi have 24-hour customer service? ›
Control your personal finances anywhere, anytime with our 24-hour CitiPhone service. Citiphone offers you the service 24-hours a day, 7-days a week for immediate assistance. Citiphone Banking gives you the power to control your banking from anywhere, anytime, simply by dialing 800-830-1880* / 86-20-38801267.
Is Citi hard to get approved for? ›
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.
Is there a way around Chase 5/24? ›
The only confirmed method for bypassing the Chase 5/24 rule requires already being a Chase customer. Some customers may receive a targeted "Just for You" credit card offer through their online account.
