Citi Updates Eligibility On Citi Strata Cards (Once Per Life, Was 48 Months)

Citi has changed the eligibility language on the Citi Strata cards.They used to say (emphasis ours):

This offer may not be available if you leave this page.Offers may vary and this offer may not be available in other places where the card is offered.Bonus ThankYou® Points are not available if you received a new account bonus for a Citi Premier® or Citi Strata Premier® account in the past 48 months or if you converted another Citi credit card account on which you earned a new account bonus in the last 48 months into a Citi Premier® or Citi Strata Premier® account.

The language now states (emphasis ours):

New account bonus offer is not available if you currently have or previously had a Citi Strata Premier® or a Citi Premier® account. You also may not be eligible for the new account bonus offer based on a number of factors, such as your history of opening, closing and using credit cards.

From what I can tell this only applies to the Citi Strata lineup of cards currently, for example Citi American Airlines cards still state:

New account bonus is not available if you have received a new account bonus for a Citi® / AAdvantage® Platinum Select® account in the past 48 months or if you converted another Citi credit card account on which you earned a new account bonus in the last 48 months into a Citi® / AAdvantage® Platinum Select® account.

Looks like Citi is moving to a once per lifetime rule on the Strata cards, rather than once every 48 months.

The questions then become:

Hat tip to reader Raymond

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.