topic Re: Citi Presitge in Credit Cards

Citi Presitge

luis999 — Sat, 02 Feb 2019 14:23:05 GMT

Hi All,

Now that citi has re-launched the citi prestige, was just after some info on how hard it is to get approved for compared to the CSR?

What sort of credit score/age of accounts etc... are required for the Prestige?

Thanks!

Luis

Re: Citi Presitge

Priory_Man — Sat, 02 Feb 2019 14:45:45 GMT

Scores need to be around 720 and up, the cleaner and thicker your history the better. Low UTIL of your other cards is favorable. I have a couple of 30 day lates on my file from about 5 years ago and I was able to get approved for it. I since PC'd it to the AAdvantage Exec because I wasn't getting the usage out of the card to make it viable.
As with any CC application other things are considered so YMMV.

Re: Citi Presitge

K-in-Boston — Sat, 02 Feb 2019 15:00:35 GMT

Agree there's a lot of YMMV involved here, but overall I would say that it's going to be easier to get for most people here than a CSR (especially with 5/24) although CSR starting lines are generally going to be much higher.

Re: Citi Presitge

luis999 — Sat, 02 Feb 2019 17:39:03 GMT

Thanks for the replies. My file is pretty thin:

I currently have a Fico (through Amex) of 747 with 3 cards open (1 is an AU) and an AAoA of 7 months. CL on the highest card is $27k.

Any thoughts as to my chances for the Citi? Was originally planning on waiting until April/May and applying for the CSR.

Thanks!

Luis

Re: Citi Presitge

Priory_Man — Sat, 02 Feb 2019 18:20:05 GMT

You may be ok with that profile, 7 months is not a lot of history, that would be the only thing stopping me from saying "go for it" for sure, try the pre-qual site see what cards it offers up. https://www.citicards.com/cards/credit/application/flow.action?isInvitation=

Re: Citi Presitge

AverageJoesCredit — Sat, 02 Feb 2019 18:58:15 GMT

A thin file with a 27k limit is pretty amazing but i would at least try to get my aaoa to 1 year as Citi does like a little bit of history imo.

Re: Citi Presitge

luis999 — Sat, 02 Feb 2019 19:18:52 GMT

@Priory_Man wrote:
You may be ok with that profile, 7 months is not a lot of history, that would be the only thing stopping me from saying "go for it" for sure, try the pre-qual site see what cards it offers up. https://www.citicards.com/cards/credit/application/flow.action?isInvitation=

I've tried the pre-qual site, and it doesn't match anything. I get the message:

"we couldn't match your records to a Pre-Qualified credit card offer. See below for 1 other cards you may like."

Maybe I should wait and see if the pre-qual site gives me something in a few months.

Re: Citi Presitge

luis999 — Sat, 02 Feb 2019 19:21:00 GMT

@AverageJoesCredit wrote:
A thin file with a 27k limit is pretty amazing but i would at least try to get my aaoa to 1 year as Citi does like a little bit of history imo.

Yes, that was thanks to Amex Global Transfer as I only arrived in the US in Jan last year. Had been an Amex customer in Australia/Canada for since 2001.

That definitely made it easier to get started, and also get a reasonable limit...

Re: Citi Presitge

wasCB14 — Sat, 02 Feb 2019 21:28:26 GMT

You might go for it. Maybe you'll waste an inquiry or two, but most people with that short a US credit history don't have a $27k CL (and presumably a good income) to show for it.

What is the card's appeal, if you're already considering CSR? You might want something a bit more differentiated.

Re: Citi Presitge

luis999 — Sun, 03 Feb 2019 01:02:52 GMT

@wasCB14 wrote:
You might go for it. Maybe you'll waste an inquiry or two, but most people with that short a US credit history don't have a $27k CL (and presumably a good income) to show for it.

What is the card's appeal, if you're already considering CSR? You might want something a bit more differentiated.

I'm helped by having the credit history with Amex and doing the Global Transfer (would recommend to anyone moving countries!).

Was basically deciding between the CSR and Prestige, and thought if I had a much better chance at getting one than the other, I'd go for it over the other. Preference is still probably the CSR, but will wait a few months and try and get my AAoA a bit higher and then apply...

Re: Citi Presitge

UpperNwGuy — Sun, 03 Feb 2019 13:33:12 GMT

You need to wait until you have at least a year of credit history.

Re: Citi Presitge

Anonymous — Sun, 03 Feb 2019 17:49:42 GMT

i applied today and got an instant approval...

have two accounts with citi now. the diamond and the thank you premier. had both a little over a year and have got two limit increases since ive had them. total limit with them is at 24k across those two cards. and balance at 4k.

my AAoA is at 1yr/5mo

total credit limit at about 75k. and util was at 8% when i applied

citi fico score was 742. and my amex score is 689. they pulled eq and ex on mine. was approved for 15.5k instantly.

ive been waiting for the prestige card to come back. I plan on dropping my amex platinum now that i have this.

i have read about the 6inq in 6 month thing with them. I only had 2 inq in the last 6 months. and 25 in the last 2 years.

Re: Citi Presitge

luis999 — Sun, 03 Feb 2019 18:11:36 GMT

@UpperNwGuy wrote:
You need to wait until you have at least a year of credit history.

Is that a year on the oldest account, or have an AAoA of 1 year?

My oldest card is now 1 year, but still a ways to go before AAoA hits 1 year...

Re: Citi Presitge

KJinNC — Fri, 05 Jul 2019 00:49:27 GMT

Checking if the OP ever applied for this card and if so, what the result was.

I'm not applying for anything for a while, but this card is on my list that I'm thinking about for next year (the travel credit makes the annual fee more palatable, as it seems easy to redeem every year). I don't see a lot of discussion of this card compared with CSR and Platinum, so I'm not sure if there are any particular strengths or weaknesses compared with those two.

Re: Citi Presitge

Anonymous — Fri, 05 Jul 2019 00:52:07 GMT

citi is removing a large number of benefits from cards including this one. Its less attractive now.

Re: Citi Presitge

wasCB14 — Fri, 05 Jul 2019 01:13:47 GMT

@KJinNC wrote:
Checking if the OP ever applied for this card and if so, what the result was.

I'm not applying for anything for a while, but this card is on my list that I'm thinking about for next year (the travel credit makes the annual fee more palatable, as it seems easy to redeem every year). I don't see a lot of discussion of this card compared with CSR and Platinum, so I'm not sure if there are any particular strengths or weaknesses compared with those two.

Checking OP's recent posts...

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CSR-Approved/m-p/5629149

Three years ago, Prestige was arguably the best $450 card, but Citi just kept nerfing it. As someone who has had Prestige, CSR, and Platinum I think Prestige is now vastly inferior to the other two.

Re: Citi Presitge

Loquat — Fri, 05 Jul 2019 01:59:56 GMT

@wasCB14 wrote:
@KJinNC wrote:
Checking if the OP ever applied for this card and if so, what the result was.

I'm not applying for anything for a while, but this card is on my list that I'm thinking about for next year (the travel credit makes the annual fee more palatable, as it seems easy to redeem every year). I don't see a lot of discussion of this card compared with CSR and Platinum, so I'm not sure if there are any particular strengths or weaknesses compared with those two.
Checking OP's recent posts...

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CSR-Approved/m-p/5629149

Three years ago, Prestige was arguably the best $450 card, but Citi just kept nerfing it. As someone who has had Prestige, CSR, and Platinum I think Prestige is now vastly inferior to the other two.

@wasCB14 I think they all have their place but when looking at travel in particular...In my opinion I still (probably one of the select few) think the Prestige even with all of the benefits going away, still offers a lot of value and still ahead of the Platinum card by Amex.

If I placed a small value on just the capped 4th night free benefits at a mere $150 that would still yield $300 in value. The $250 travel credit has got to be the absolute easist to use of them all, 5x on dining and airfare is generous and it's still a MasterCard that (even though the gap may not be as big as it once was) is accepted in places where Amex isn't. Their version of Priority Pass still offers restaurant access and if you're not loyal to a particular airline then you can always book through an OTA and still collect the 5x whereas the Platinum it's direct or Amex Travel portal.

I will give the upper hand to the Platinum card for lounge access but that's about it. I think the Platinum has it's place but if one were to ask my opinion I would describe the Platinum as a perks/lounge access card rather than travel. Like the Prestige will be here soon, the Platinum offers not travel protection either. It does have the upper hand on the luggage so there's a plus there. I don't give much thought to the Centurion Lounges as there's only 8 in the U.S. and in very populated area which tends to mean overcrowded (hence their new time limit) and I can get hummus, crackers, and room temperature soup as any Priority Pass lounge.

The Delta Lounges is where the Platinum card really shines as I place a much higher value on said lounges...moreso than the Centurion; but that is only a perk if you fly Delta.

So yea...I would agree that they all have their place but I personally don't think the Platinum is better than any of them.

Re: Citi Presitge

KJinNC — Fri, 05 Jul 2019 02:23:28 GMT

Thanks, Loquat - I have no experience with any of the three cards in question (Amex Platinum, CSR or any Chase card, Citi Prestige or any Citi card beyond Diamond secured), so I'm only going off advertised rewards and features. On paper, Citi Prestige seems like a good fit for my use patterns (5 points/dollar restaurants, 5 points/dollar travel, 3 points/dollar hotels), and the $250 travel credit would easily recoup half of the cost of the annual fee. This assumes the travel credit can be redeemed with little drama and the points are worth around a penny and aren't hard to redeem. If you manage to use the 4th night twice a year (new 2019 limit), that's probably another easy $200 recouped, and the lounge access is worth the remaining $50 to me.

Re: Citi Presitge

wasCB14 — Fri, 05 Jul 2019 02:29:40 GMT

@KJinNC wrote:
Thanks, Loquat - I have no experience with any of the three cards in question (Amex Platinum, CSR or any Chase card, Citi Prestige or any Citi card beyond Diamond secured), so I'm only going off advertised rewards and features. On paper, Citi Prestige seems like a good fit for my use patterns (5 points/dollar restaurants, 5 points/dollar travel, 3 points/dollar hotels), and the $250 travel credit would easily recoup half of the cost of the annual fee. This assumes the travel credit can be redeemed with little drama and the points are worth around a penny and aren't hard to redeem. If you manage to use the 4th night twice a year (new 2019 limit), that's probably another easy $200 recouped, and the lounge access is worth the remaining $50 to me.

It's actually:

5x dining

5x airfare (not all travel)

3x hotels and cruises

1x other

Re: Citi Presitge

KJinNC — Fri, 05 Jul 2019 02:33:35 GMT

Thanks - I also said "5 points for restaurants" when it actually also applies to bars, and probably some other minor inaccuracies as I focus on how I'd use it (I doubt I'll book a cruise - travel and air travel are synonymous for my use - etc).