Your Citi Simplicity Card approval odds are good if you have a credit score of 700+. That means you need good credit or better to have a shot at getting approved. Your approval odds for the Citi Simplicity Card will also be influenced by your annual income and existing debts.
The Citi Simplicity Card credit score requirement is 700 or higher. This means that you need at least good credit to get this card. It is also worth noting that you never can be 100% sure whether you'll be approved just by credit score alone.
If you're still not sure about the Citi Simplicity® Card, here are some other card features that may factor into your decision. No ability to prequalify — There isn't an option to prequalify for this card, so when you submit your application, expect a hard credit inquiry.
You should have good to excellent credit before applying, which means a FICO® Score of at least 670.
The Citi Simplicity Card credit limit is $500 at a minimum, according to the card's terms and conditions.
The credit limit you receive when opening the Citi Simplicity® Card will depend on your creditworthiness. You can receive a credit line as low as $500 — and data points show that it's possible to receive a credit line over $14,000.
The Citi Simplicity® Card may give high credit limits to people with good-to-excellent credit, a lot of income, and relatively little debt. The minimum credit limit is $500, and some cardholders report having limits as high as $14,000.
Citi Simplicity cons
Once the introductory period is over, the regular APR ranges from 19.24% - 29.24% (Variable). Paying an interest rate this high won't help you pay down debt over the long run. No rewards: The Citi Simplicity doesn't offer points, travel miles or cash back.
The easiest Citi card to get is the Citi® Secured Mastercard®, since it's the only Citi credit card that will accept applicants with limited credit (less than 3 years of credit history). This card requires a $200 refundable security deposit, but it has a $0 annual fee.
The Citi Simplicity is a good choice for anyone learning to manage their credit cards and tackle their debt. If you are someone who may end up paying late, the Simplicity card's lack of late fees and penalty APR make it one of the most forgiving balance transfer cards.
Experian is the most commonly used source that Citi will draw a report from, but there's no guarantee that they won't decide to pull a different or additional report from another reporting agency. If you're not certain your score is good enough to be approved, you can work on improving your credit.
How Often the Citi Simplicity Card Increases Your Credit Limit. Automatic: It may be possible to get an increase every six to 12 months. By request: You can request a credit limit increase every six to 12 months.
Is the Citi Simplicity® Card a Visa or Mastercard®? The Citi Simplicity® Card is issued on the Mastercard® network and provides Cardmembers with exceptional value through its low intro APR, no late fees, no penalty rate and no annual fee - ever.
Citi's card application processing time frame is normally within 30 days, though they may give you a decision much more quickly. If you don't hear back within this period, it means that your application may need to be reassessed. Don't assume, however, that this means you have been rejected.
You can apply for a Citi credit card online, in a branch, or by calling (800) 248-4226. Applying for a Citi credit card online is the best approach because you can access the Citibank website anytime, and you may receive an instant decision.
The most difficult Citi card to get is the Costco Anywhere Visa® Card by Citi, since it's their only consumer card that requires excellent credit to qualify. You also need to join Costco if you're not already a member and earn enough income to afford monthly payments on the card.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card gives about 1% back. Cardholders can also get an initial bonus of $200 cash rewards after spending $500 in...
The best Citi credit card for bad credit is the Citi® Secured Mastercard® credit card because it has high approval odds as a secured credit card. It is open to applicants with limited credit, but there are some online forum reports of consumers getting accepted with bad credit. There are no guarantees, though.
Yes, you can use your Citibank card at Costco if it's a Visa card. Costco accepts all Visa credit cards as a form of payment, along with cash, debit cards, checks and mobile payments, but it does not accept Mastercard, Discover, or American Express credit cards.
Yes, you can have 2 Citi Simplicity® Cards. Citibank does not limit the number of credit cards you can get, so you can be approved for more than one Citi Simplicity Card, as long as you meet the credit and income requirements for each.
Citi Diamond Preferred: It Comes Down to Fees. They both offer a long 0% intro APR period on balance transfers. But the Simplicity features a smaller balance transfer fee, plus late-payment forgiveness.
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
Here's the average credit limit of members who matched their Citi® Double Cash Card or similar cards. The average credit limit for members who have matched with this card or similar cards is $5,535, with $500 being the most common.
The Citi® Diamond Preferred® Card credit limit starts at $500 and can range over $10,000 for the most creditworthy borrowers. According to Citi, it bases your credit limit on the following: Your annual salary and wages. Any other annual income.