Citi Card 48-Month Bonus Rule: How It Works


In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. Citi is an advertising partner of OMAAT. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!

All of the major credit card issuers have different rules when it comes to being approved for their cards and earning welcome bonuses on cards. While Amex has a “once in a lifetime” rule on earning welcome bonuses, Citi has a 48-month rule, and I wanted to go over the details of that in this post.

I think this is especially worthwhile in light of the Citi® / AAdvantage Business™ World Elite Mastercard® (review) offering a massive welcome bonus at the moment, making it an ideal time to apply..

Basic Citi credit card application rules

Citi doesn’t have a strict limit on how many credit cards you can have with the bank. The major restriction with Citi is regarding how many cards you can be approved for for in a given timeframe:

  • You can get approved for one Citi card every eight days
  • You can get approved for no more than two Citi cards every 65 days

There’s not a firm limit on how many cards you can have, though at some point you may find that you’re maxed out in terms of the credit that Citi will extend you. That number varies from person to person, presumably based on your income, credit score, etc.

Citi has pretty basic rules around card approvals

Details of the Citi 48-month bonus rule

When it comes to Citi’s policy for being eligible for the welcome bonus on a card (rather than just being eligible for approval of a card), most Citi cards have what’s known as the 48-month rule.

With these cards, you’re not eligible for the bonus if you’ve received a bonus on that specific card in the past 48 months. The good news is that eligibility for each card is considered independently. Furthermore, when you close a particular card doesn’t factor into whether you’re eligible for a bonus or not, but rather just if you’ve received a welcome bonus on a particular card in that timeframe.

You’ll find this policy on most of Citi’s popular travel credit cards, including co-branded AAdvantage cards, as well as cards earning Citi ThankYou points. This includes products like the Citi Premier® Card (review), Citi® / AAdvantage® Executive World Elite Mastercard® (review), Citi® / AAdvantage Business™ World Elite Mastercard® (review), etc.

As you can see, this means you can earn the welcome bonus on a Citi card more than once, you just have to wait at least four years between qualifying for these offers.

Back in the day, Citi also had the 24-month rule, whereby you weren’t eligible for the bonus on a card if you had opened or closed a card in that “family” of cards in the past 24 months. However, that policy no longer applies to major Citi cards.

How do you determine when you closed a Citi card?

Understandably, many people may be wondering when they last closed a particular Citi card, to determine whether they’re eligible for the bonus. What’s the easiest way to figure this out? Well, you could call up Citi, and if you provide your social security number or other personal details, a representative should be able to give you details on cards you’ve had in the past.

Next, in my experience, Citi sends an email to confirm that you closed n account, assuming you request to receive email communications. So if you search your inbox for the card’s name and “Confirmation of account closure,” then you should hopefully find when you closed your card (which doesn’t tell you when you opened it, but at least you know when it was closed).

Lastly, if you have a fair number of credit cards, I always recommend keeping a spreadsheet with the basics of your cards, including when you opened them, when you earned a bonus, when you closed them, etc., as that can always come in handy (including in situations like this!).

American Airlines cards are subjected to the 48-month rule

Bottom line

Citi has pretty straightforward rules when it comes to getting approved for its cards and earning bonuses.

The most common restriction that you’ll find is the 48-month rule, which means that you can only earn the bonus on a particular card if you haven’t earned a bonus on that exact card in the past 48 months. This is a pretty straightforward policy, and fortunately has no “family” language, meaning you’re eligible for the bonus on each type of card.

What has your experience been with Citi’s 48-month rule?



Source link

  • Related Posts

    YAY Moments launches payment cards

    Fintech company YAY Moments has announced the launch of its payment cards in order to optimise the gift voucher experience for its customers and partners.  Following this announcement, YAY Moments’…

    Sotheby’s Bets on High-End Trading Cards with New Fanatics Partnership

    The partnership will kick off with the auction of a 1948 Leaf #79 Jackie Robinson card. Courtesy Sotheby’s A powerhouse duo is betting big on the market for high-end trading…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    YAY Moments launches payment cards

    YAY Moments launches payment cards

    Sotheby’s Bets on High-End Trading Cards with New Fanatics Partnership

    Sotheby’s Bets on High-End Trading Cards with New Fanatics Partnership

    Dads lost to ill health remembered in commemorative Father’s Day cards

    Dads lost to ill health remembered in commemorative Father’s Day cards

    Old MTG card sees 1000% price spike due to Eldrazi commander

    Old MTG card sees 1000% price spike due to Eldrazi commander

    Deeper Drops to $60K Levels on Cards Amid Looming Concerns About ‘Death Cross’

    Deeper Drops to $60K Levels on Cards Amid Looming Concerns About ‘Death Cross’

    SoFi Technologies’ stock price forecast: $10 on the cards?

    SoFi Technologies’ stock price forecast: $10 on the cards?