How Does Citi’s 24 Month Application Rule Work?

How Does Citi’s 24 Month Application Rule Work?

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All of the major credit card issuers have different rules when it comes to being approved for their cards. While I would hardly say that Citi has the strictest rules in this regard, the issuer’s rules do tend to be among the most confusing.

In this post I wanted to clarify how exactly Citi’s rules work, especially in light of the Citi Premier® Card offering an incredible best-ever welcome bonus.

Basic Citi credit card application rules

Citi doesn’t have a strict limit on how many credit cards you can have with the bank. The major restriction with Citi is regarding how many cards you can apply for in a given timeframe:

  • You can only apply for one Citi card every eight days
  • You can apply for no more than two Citi cards every 65 days

There’s not a firm limit on how many cards you can have, though at some point you may find that you’re maxed out in terms of the credit that Citi will extend you. That number varies from person to person, presumably based on your income, credit score, etc.

Citi’s 24 & 48 month rules

When it comes to Citi’s policy for being eligible for the sign-up bonus on a card (rather than just being eligible for approval of a card), the rules vary based on the “family” of cards.

The most common restriction in place is what’s known as the 24 month rule, though there’s also the 48 month rule for co-branded American Airlines credit cards.

These rules work differently, so let’s take a closer look:

Citi’s 24 month rule

Many of Citi’s credit cards are subjected to the 24 month rule, which means that you typically can’t get a welcome bonus on a particular card if you’ve received a welcome bonus or closed that card (or a card in that family) in the past 24 months.

The bonuses aren’t “once in a lifetime,” but you do have to wait two years after you got the bonus on a card or canceled a card before you’re eligible for a bonus again.

For example, some of Citi’s most popular cards are the Citi Premier® Card (review), Citi Prestige® Card, and Citi Rewards+® Card (review). All of these cards have the following restriction regarding the bonus:

Bonus ThankYou Points are not available if you received a new cardmember bonus for Citi Rewards+, Citi ThankYou Preferred, Citi ThankYou Premier/Citi Premier or Citi Prestige, or if you have closed any of these accounts, in the past 24 months.

Specifically, this means that you’re not eligible for the bonuses on any of those Citi cards if:

  • You’ve received a new cardmember bonus on any of those Citi cards in the past 24 months (it’s important to differentiate the opening date from when you got the bonus)
  • You’ve closed any of those Citi cards in the past 24 months

Just to give some examples:

  • You are eligible for the Citi Rewards+ if you currently have the Citi Premier, but received the bonus over 24 months ago
  • You aren’t eligible for the Citi Rewards+ if you currently have the Citi Premier and received the bonus within the past 24 months, or if you closed the Citi Premier within the past 24 months

I know this distinction can be confusing to many, so hopefully, that clarifies things. Note that the Citi Custom Cash℠ Card (review) is considered a separate product from the above in terms of the welcome bonus, so you’re eligible for the bonus on that card even if you already have the Citi Premier, Citi Rewards+, etc.

Citi’s rules around credit card approvals can be complicated

Citi’s 48 month rule on AAdvantage cards

It’s worth noting that at this point all Citi AAdvantage cards have a different set of rules, for both better and worse. At first this only applied to some Citi AAdvantage cards, while now this applies to all of them.

For example, the Citi® / AAdvantage® Executive World Elite Mastercard® (review) has the following terms:

American Airlines AAdvantage® bonus miles are not available if you have received a new account bonus for a Citi® / AAdvantage® Executive account in the past 48 months.

Similarly, the Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® (review) has the following terms:

American Airlines AAdvantage® bonus award miles offer and American Airlines AAdvantage® bonus Elite Qualifying Miles offer are not available if you have received a new account bonus for a Citi® / AAdvantage® Platinum Select® account in the past 48 months.

The no annual fee American Airlines AAdvantage MileUp℠ Card (review) has the following terms:

Statement credit and American Airlines AAdvantage® bonus miles are not available if you have received a statement credit or American Airlines AAdvantage® bonus miles for a new AAdvantage MileUp℠ account in the past 48 months.

The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® (review) has the following terms:

American Airlines AAdvantage® bonus miles are not available if you have received a new account bonus for a CitiBusiness® / AAdvantage® Platinum Select® account in the past 48 months.

This is something that has only changed in the past few years, and it’s both good and bad news, depending on how you look at it:

  • On the plus side, there’s no longer a “family” rule for these cards, so having one Citi AAdvantage card doesn’t impact your eligibility for another Citi AAdvantage card
  • The downside is that you have to wait 48 months rather than 24 months

American Airlines credit cards are subjected to a 48-month rule

What happens if you product change a card?

A lot of people wonder how it works if you product change a card. In other words, say you apply for the Citi Premier® Card and after a year decide that you want to product change to the Citi Rewards+® Card.

Would that product change “reset” the 24-month clock, or whatever the clock may be towards eligibility? The answer is generally “no.”

Typically if your account number doesn’t change then the 24-month clock isn’t reset. Meanwhile, if your account number does change, that typically counts as having reset the clock.

What about eligibility for the Citi Double Cash?

I’d argue the Citi® Double Cash Card (review) is the single most lucrative Citi credit card, given that you can potentially earn up to two cents or two ThankYou points per dollar spent (after paying your bill).

How does applying for that card fit into an overall Citi strategy? Well, the Citi Double Cash doesn’t have a welcome bonus (presumably given how lucrative it otherwise is), so you can apply for this card without it impacting your eligibility for any other Citi cards.

The only impact this would have is that it counts towards the limit of applying for one Citi card every eight days, and two Citi cards every 65 days.

The Citi Double Cash isn’t impacted by these rules

Bottom line

Citi’s language regarding welcome bonuses can be confusing. That’s especially the case when you consider that different cards have different rules, with restrictions ranging from 24 months to 48 months.

The 24-month rule is often the most difficult to comprehend. Just understand that the 24 month rule refers specifically to the action of either earning the welcome bonus or closing a card. Do what you can to keep Citi cards open for more than 24 months, so that you can potentially be eligible for another card in that same “family.”

Does anyone have any other questions about Citi’s application rules?

Conversations (10)
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  1. jim

    ok....what if opened citi aadvantage platinum select and earned bonus last year and now get citi premier...can i still get the TY bonus?

  2. Doug

    Do you know if product changes matter? After two years, could you change you Premier into a Double Cash and then pick up another Premier with the corresponding bonus?

  3. Jim

    Is there a convenient way to check on whether or not one has cleared the time requirements?

    1. Axel

      Interested in the same. My activity in my account only shows the month (09/19) but not the exact day I received the bonus.

  4. Rich

    I have a similar question.......If I still have an active Citi Premier Card (with bonus received over 2 years ago), am I eligible for the same card and bonus if I apply for a new one now?

  5. Bart

    Anybody know what happens if Citi closed one of my cards because it had been inactive?

  6. Tom

    "You’ve received a new cardmember bonus on any of those Citi cards in the past 24 months (it’s important to differentiate the opening date from when you got the bonus)"

    In my case, this was not the case. I applied two years to the date from opening my first premier card. I closed it the day prior. I was approved and received the bonus when I hit minimum spend. The rep I spoke with prior...

    "You’ve received a new cardmember bonus on any of those Citi cards in the past 24 months (it’s important to differentiate the opening date from when you got the bonus)"

    In my case, this was not the case. I applied two years to the date from opening my first premier card. I closed it the day prior. I was approved and received the bonus when I hit minimum spend. The rep I spoke with prior to doing this assured me this would be fine. Sure enough! It worked. Again, I can only speak to my experience.

  7. Anthony

    Can you hold two Citi Premier cards at the same time (and get the bonus on the second card)?

    1. Stephen Au

      Yes, you can. You can even apply for 2 Citi Premier cards back to back and get both bonuses.

    2. Derek

      Are you sure about this, Stephen? So, as long as I'm eligible, I can apply for Citi Premier today. Get approved. Then wait more than 8 days. Apply for Citi Premier again and get approved. So I would get the 80k bonuses on BOTH cards??? And is there anything else I would have to know... for example, do I have to make the spending thresholds on the same day? Because let's say I get the...

      Are you sure about this, Stephen? So, as long as I'm eligible, I can apply for Citi Premier today. Get approved. Then wait more than 8 days. Apply for Citi Premier again and get approved. So I would get the 80k bonuses on BOTH cards??? And is there anything else I would have to know... for example, do I have to make the spending thresholds on the same day? Because let's say I get the bonus on one of the cards in a few weeks. Then try to get the second bonus a few weeks later... would I not be eligible for the second bonus because I received the first bonus "within 24 months"?

      Thanks in advance.

Featured Comments Load all 10 comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

jim

ok....what if opened citi aadvantage platinum select and earned bonus last year and now get citi premier...can i still get the TY bonus?

Axel

Interested in the same. My activity in my account only shows the month (09/19) but not the exact day I received the bonus.

Derek

Are you sure about this, Stephen? So, as long as I'm eligible, I can apply for Citi Premier today. Get approved. Then wait more than 8 days. Apply for Citi Premier again and get approved. So I would get the 80k bonuses on BOTH cards??? And is there anything else I would have to know... for example, do I have to make the spending thresholds on the same day? Because let's say I get the bonus on one of the cards in a few weeks. Then try to get the second bonus a few weeks later... would I not be eligible for the second bonus because I received the first bonus "within 24 months"? Thanks in advance.

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