What Credit Score is Required for the Citi Platinum Mastercard? | CreditShout

What Credit Score is Required for the Citi Platinum Mastercard?

By Dan Rafter / February 25, 2011

THIS PAGE MAY CONTAIN AFFILIATE LINKS. MEANING WE RECEIVE COMMISSIONS FOR PURCHASES MADE THROUGH THOSE LINKS, AT NO COST TO YOU. PLEASE READ OUR DISCLOSURE FOR MORE INFO.

Credit Shout may collect a share of sales or other compensation from the links on this page.

Q: I’m interested in applying for the Citi Platinum Select MasterCard. What type of credit score will I need?

A: Credit card companies are notorious for being reticent to share exactly what credit score you need to qualify for their cards. But for a high-quality standard card such as the Citi Platinum Select MasterCard, you can assume that you’ll need a score of 720 or higher or on the FICO credit-scoring scale. There’s a reason for this: Consumers with strong credit scores have a history of paying their bills on time. The financial institutions passing out credit cards want to make sure that their clients, too, will pay their bills on time.

If your score is too low to qualify for the Citi Platinum Select MasterCard, don’t fret. You can rebuild your credit. Apply for other cards that require lower scores. And once you have them, make sure to pay your bills on time each month. Also refrain from running up huge amounts of credit card debt. If you have existing credit card debt, pay off as much of it as possible.

The key to earning a good credit score, and being able to qualify for cards such as the Citi Platinum Select MasterCard, is to pay your bills on time and cut down on your monthly consumer debt. Do this, and your score will gradually rise into the 700 range. Just don’t expect miracles: It takes a long time — months or longer — to boost ailing credit scores.

The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

Leave a comment:


shares