The Citi Strata Premier offers many benefits, including $100 off one hotel stay over $500 booked through Citi Travel® every calendar year. The Strata Premier also offers plenty of opportunities to rack up points, from 3 points per dollar spent at supermarkets and restaurants to 10 points per dollar on hotels, car rentals and attractions booked through Citi Travel.
If the Citi Strata Premier sounds like the right card for you, you may be wondering how to qualify. A combination of factors – including income and creditworthiness – may affect your chances of approval. Let’s look at the specifics in more detail.
Factors that may impact whether you may be approved for the Citi Strata Premier
Some factors that may be considered when you apply for the Citi Strata Premier include:
- Payment history: Payment history plays a big role in determining your credit score. A consistent history of on-time payments can signal that you’re a reliable borrower.
- Credit utilization: This is how much of your total credit limit you’re using. In general, the lower your utilization, the better.
- Credit mix: Your “credit mix” refers to the types of credit accounts currently open in your name. You might, for example, have a car loan, a student loan and a credit card. A varied credit mix can show that you’re capable of managing debt.
- Annual income: Lenders want to know you have enough income to make payments
- Debt-to-income ratio (DTI): Your DTI shows how much of your gross (pre-tax) income goes toward debt payments every month. A lower DTI can show lenders that you’re able to cover monthly payments.
- Recent credit applications: Several applications in a short period can signal risk to lenders.
