Turn everyday spending into rewards with the Citi Strata Card. Not only can you earn ThankYou® points across categories like groceries, gas, transit and more, but also you can enjoy benefits like 3X points on an eligible Self-Select Category of your choice, so you can earn points tailored to your interests. Options for the Self Select Category include fitness clubs, select streaming services, live entertainment, cosmetic stores/barbershops/hair salons and pet supply stores. Plus, when you travel, you earn 5x points on hotels, car rentals and attractions booked through cititravel.com.
With so many perks for everyday purchases, travel and a sign-up bonus, you might be wondering how to qualify. Several factors, including creditworthiness, may affect whether you’re approved for the Citi Strata Card. Let’s take a deeper look at some of those factors.
Factors to consider when applying for the Citi Strata Card
Your creditworthiness, income, and debt-to-income ratio (DTI) may impact whether you’re approved for the Citi Strata Card.
- Payment history: Payment history has a big impact on your credit score. A history of timely payments also lets lenders know you’re a reliable borrower.
- Credit utilization: This measures how much available credit you’re using. Low utilization can show lenders you’re capable of managing credit card debt.
- Credit mix: This refers to the types of open credit accounts you have. You might, for example, have a mortgage, an auto loan and a credit card. Having different types of accounts may show lenders that you can successfully manage different kinds of debt.
- Annual income: Lenders want to know you’re making enough money to cover monthly payments.
- DTI: Your DTI is the percentage of your gross (pre-tax) income that goes toward debt payments every month. In general, a lower DTI is preferable, since it shows you have more money to cover your monthly payments.
- Recent credit applications: Too many applications in a short time can look risky to lenders.
