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Citizens Bank Business Everyday Points

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Citylights18
Valued Contributor

Citizens Bank Business Everyday Points

New citizen branches in my neighborhood so I put the application in for a Business Everyday Points. I like the fact they respond quickly and don't sit on an application for 30 days. The SUB was 3x per 1 dollar spent and $325 after hitting 5,000 spent, so about $475. It seems like they've got good rates on some of their other products too if I take on the task of building a banking relationship with them down the line.

 

I hear they require 3 months of business bank statements which is good for me since I have all that with the revenues flowing in together.

Official travel point totals as of 10/21/24 (1,358,177 Total Points)
Chase Ultimate Rewards 696,884 | IHG One Rewards 144,957 | Hilton Honors 144,521 | AMEX Membership Rewards 102,729 | World of Hyatt 76,095 | Marriott Bonvoy 65,343 | Citi Thank You 38,153 | Choice Rewards 32,460 | United MileagePlus 13,316 | British Airways Avios 12,333 | Jet Blue TrueBlue 11,780 | Wells Fargo Rewards 2,858 | Southwest Rapid Rewards 2,447 | NASA Platinum Rewards 1,883 | AA Advantage 1,744 | Navy Federal Rewards 1,087 | Delta Sky Miles 175 | Virgin Atlantic Virgin Points 100 | Lowes Business Rewards 7,102 ($71.02) | Amazon Rewards 2,200 ($4.75) | Discover CB 10 ($0.10)
Message 1 of 9
8 REPLIES 8
Citylights18
Valued Contributor

Re: Citizens Bank Business Everyday Points

No luck here with a denial.

 

Denial letter said I was rejected for having a real estate business. I've seen that data point before but thought I'd would give it a shot since its only a soft pull.

Official travel point totals as of 10/21/24 (1,358,177 Total Points)
Chase Ultimate Rewards 696,884 | IHG One Rewards 144,957 | Hilton Honors 144,521 | AMEX Membership Rewards 102,729 | World of Hyatt 76,095 | Marriott Bonvoy 65,343 | Citi Thank You 38,153 | Choice Rewards 32,460 | United MileagePlus 13,316 | British Airways Avios 12,333 | Jet Blue TrueBlue 11,780 | Wells Fargo Rewards 2,858 | Southwest Rapid Rewards 2,447 | NASA Platinum Rewards 1,883 | AA Advantage 1,744 | Navy Federal Rewards 1,087 | Delta Sky Miles 175 | Virgin Atlantic Virgin Points 100 | Lowes Business Rewards 7,102 ($71.02) | Amazon Rewards 2,200 ($4.75) | Discover CB 10 ($0.10)
Message 2 of 9
RealEstateGuy89
Frequent Contributor

Re: Citizens Bank Business Everyday Points

Sorry to hear about the denial.  I'll probably get flack for saying this but that seems like one of the most flimsy denial reasons if you ask me... 

Message 3 of 9
wit2bees
Contributor

Re: Citizens Bank Business Everyday Points

I'm a Citizens business customer they actually have a list of businesses they don't loan with.... Real estate is one of them Smiley Sad  If you are near a PNC I would try with them. Smiley Happy 




TU 699 EQ 741 EX 767
- total CL = ?
- AAOA = 2.5 years
- Utilization = 9%
- Inquiries = TOOOOOOO MANY
- 50 accounts:
Updated 12/ 29 / 2021
Message 4 of 9
URHomeInvestments
Regular Contributor

Re: Citizens Bank Business Everyday Points

I also have a real estate business and also was denied a Citizens business card.  Thanks @wit2bees  for the PNC suggestion, as I have one near me.  I use TD for business banking, and they report to personal which stinks.  I also have a love-hate relationship with Frost, where I also do some business banking. 

Would changing the business type to "Property Management" or "Hospitality" be better?

Message 5 of 9
Citylights18
Valued Contributor

Re: Citizens Bank Business Everyday Points


@URHomeInvestments wrote:

I also have a real estate business and also was denied a Citizens business card.  Thanks @wit2bees  for the PNC suggestion, as I have one near me.  I use TD for business banking, and they report to personal which stinks.  I also have a love-hate relationship with Frost, where I also do some business banking. 

Would changing the business type to "Property Management" or "Hospitality" be better?


That is a good question as I could have filled it out differently for more success. NAICS categories are something you register your business in and Citizens in their application wants you to provide your NAICS code so you would be lying to fill it out otherwise. 

Official travel point totals as of 10/21/24 (1,358,177 Total Points)
Chase Ultimate Rewards 696,884 | IHG One Rewards 144,957 | Hilton Honors 144,521 | AMEX Membership Rewards 102,729 | World of Hyatt 76,095 | Marriott Bonvoy 65,343 | Citi Thank You 38,153 | Choice Rewards 32,460 | United MileagePlus 13,316 | British Airways Avios 12,333 | Jet Blue TrueBlue 11,780 | Wells Fargo Rewards 2,858 | Southwest Rapid Rewards 2,447 | NASA Platinum Rewards 1,883 | AA Advantage 1,744 | Navy Federal Rewards 1,087 | Delta Sky Miles 175 | Virgin Atlantic Virgin Points 100 | Lowes Business Rewards 7,102 ($71.02) | Amazon Rewards 2,200 ($4.75) | Discover CB 10 ($0.10)
Message 6 of 9
Citylights18
Valued Contributor

Re: Citizens Bank Business Everyday Points


@RealEstateGuy89 wrote:

Sorry to hear about the denial.  I'll probably get flack for saying this but that seems like one of the most flimsy denial reasons if you ask me... 


It is. I decided to move on with Elan and got that. What I'm trying to do as well is take advantage of the 0% percent APR period and then payoff the business debt as my revenue rolls in. When the 0% APR offer is ends is honestly as important as the CL limit.

 

 

Official travel point totals as of 10/21/24 (1,358,177 Total Points)
Chase Ultimate Rewards 696,884 | IHG One Rewards 144,957 | Hilton Honors 144,521 | AMEX Membership Rewards 102,729 | World of Hyatt 76,095 | Marriott Bonvoy 65,343 | Citi Thank You 38,153 | Choice Rewards 32,460 | United MileagePlus 13,316 | British Airways Avios 12,333 | Jet Blue TrueBlue 11,780 | Wells Fargo Rewards 2,858 | Southwest Rapid Rewards 2,447 | NASA Platinum Rewards 1,883 | AA Advantage 1,744 | Navy Federal Rewards 1,087 | Delta Sky Miles 175 | Virgin Atlantic Virgin Points 100 | Lowes Business Rewards 7,102 ($71.02) | Amazon Rewards 2,200 ($4.75) | Discover CB 10 ($0.10)
Message 7 of 9
wit2bees
Contributor

Re: Citizens Bank Business Everyday Points

I have a property management company that I have an account with Citizens and a Construction Company.  I received PPP loans thru them but they are not budging on the Real Estate use.  




TU 699 EQ 741 EX 767
- total CL = ?
- AAOA = 2.5 years
- Utilization = 9%
- Inquiries = TOOOOOOO MANY
- 50 accounts:
Updated 12/ 29 / 2021
Message 8 of 9
babygirl1256
Senior Contributor

Re: Citizens Bank Business Everyday Points

@Citylights18 My business is in the entertainment industry and sometimes the NAICS categories are overlapping!!! Smiley Surprised

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 9 of 9
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