How Does Citi’s 24 Month Application Rule Work?

Filed Under: Citi, Credit Cards
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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.

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 in the meantime 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 opened 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.

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 miles 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:

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 couple of 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?

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Comments
  1. If I product changed my TYP card and am not sure if the 24 mo clock got reset, are the phone reps at Citi able to give me accurate information about whether or not I’m eligible for the bonus again before I apply for another TYP card? Thanks so much.

  2. Great article. One correction – there have been *rumors* in the past that a product change will reset the 24 month clock if it results in a new card number.

    In practice Citi doesn’t differentiate though – a product change is a product change, Citi’s system treats it the same whether or not the card number is updated and it won’t reset the 24 month clock.

  3. @lucky “You’ve received a new cardmember bonus on any of those Citi cards in the past 24 months (it’s important to differentiate opening date from when you got the bonus)” — This was not the case for my premier card. Last August I hit my 24 months since opening my citi premier card. I wanted to close and reapply for the new 75k (I believe) bonus. I called citi and I went back and forth getting several different answers on if I would be eligible since it was about 20 months since I received the bonus for the same card. Well I tried and I got the bonus. I can’t speak for everyone but it certainly wasn’t from when I received the first bonus but rather got approved for the card.

  4. I had a mind boggling experience applying for the Premier card (60k sign up bonus). 815 credit score, no debt other than modest mortgage. Haven’t applied for any card in 2+years. Declined due to too many credit applications. They didn’t like that I refinanced my mortgage 3 times over the past year or so (which resulted in 8 credit checks in total over 2 years).

  5. @ Ben — Thanks! This will come in handy when I ditch those premium AMEX cards for Premier. After several years, we are finally going to be 5/24 eligible again in 2021, so I will definitely being doing a churn that includes Chase cards (Ink, United, etc.) followed by Citi and who knows what!! Yippee!

  6. @FlyingEV, it was worth it with all the fees to refinance three times? Who did you go with? I’m interested, I did one 15 months ago.

  7. @Lukas I’m happy with where I ended up for sure (2.375 for 30yr) but clearly it would have been better if my last refi had been my only and final one. The ROI will only be known many years from now when I know if we stayed in this house long term AND I don’t refi again for a lower rate (unlikely). Either way, I’m happy with where it landed.

  8. I downgraded from Prestige to Rewards + 6 months ago, is that the same as closing a card? Do I have to wait 24 months after downgrading to apply for the Citi premier?

  9. Asking for clarity on closing. If I got prestige card bonus 2 years ago, do I need to close it now and wait another 2 years in order to be eligible for another bonus?

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