Citibank Credit Card RequirementsPosted on October 18th, 2011 | admin
Citibank offers a wide range of consumer credit cards, seventeen in all, each offering a variety of features to suit the needs of individuals. Throughout the range the Citibank credit card requirements are largely the same, but there are minor differences from some cards to others.
Here we will take a look at four of the more popular consumer cards offered by Citibank; the Platinum Select MasterCard, the Dividend World MasterCard, the Forward Card, and the Platinum Select Advantage Visa. Each of these cards come with similar sets of requirements, but the Citibank credit card requirements from card to card differ slightly.
There are some conditions that are at their minimum blanket requirements, these include.
- Age restrictions and identification proof.
- The age limit is set at 18 years or over
- Applicants will need to provide a valid social security number.
- Proof of name, address, and date of birth, as well as numerous other identification checks.
- Proof of income.
That is a list of the basic set of application conditions that must be met for you to be considered for a Citibank credit card. The need for varying credit score results change from card to card, for example a better credit score would be required for the Platinum Select Advantage Visa than for the Forward card.
The Dividend World MasterCard comes with different Citibank credit card requirements. For example the age limit is raised from 18 to 21 years of age, while the card carries a minimum annual income of $30,000 ($60,000 for those outside theUSA). For the Dividend range you are also required to provide a passport, latest printed payslip and tax assessment. While all the other cards also demand fixed income the Dividend range has stricter conditions, while also being more stringent in its credit score outcomes. Each card here carries a universal penalty charge of up to $35.
There are other Citibank credit card requirements that are specific to individual cards, but many of the conditions and features are shared across the Citibank consumer card range with only small differences. The Platinum Select, Dividend World, and Forward cards all come with no annual fee while the Platinum Select Advantage carries an $85 charge which is waived for the first twelve months.
The Platinum Select range and Dividend require good to excellent credit ratings, while the Forward card asks for a fair to good credit score. The Platinum Select does not clarify for which rate you will qualify, and with a lower credit score you could be left with the 0% interest rate lasting only one year, making it a choice for only those who qualify for the very top rates.
The Forward Card offers a good option for those looking for a good rewards credit card and serves as a good student card. It offers 5x rewards in restaurants and comes with no annual fee.
There is a broad range of cards offered by Citibank and choosing the right one for you can sometimes rest on understanding the small nuances in the Citibank credit card requirements for each card.