Should you’re enthusiastic about making use of for the Citi® / AAdvantage Enterprise™ World Elite Mastercard® (see charges and charges) — previously referred to as the CitiBusiness® / AAdvantage® Platinum Choose® Mastercard® — however are unsure whether or not your credit score rating qualifies you for approval, we can assist with that.
Let us take a look at the various factors you need to think about earlier than deciding on whether or not or not you need to apply for this small-business rewards bank card.
What credit score rating do it’s essential to get the Citi / AAdvantage Enterprise World Elite Mastercard?
Though the Citi / AAdvantage Enterprise World Elite Mastercard is a small-business bank card, your private credit score rating will likely be thought-about in the course of the utility course of. Some issuers additionally examine your online business credit score rating in the course of the utility course of, in case your enterprise has a credit score historical past.
Citi does not publish particular credit score scores which can be wanted to be authorised for the Citi / AAdvantage Enterprise World Elite Mastercard. In spite of everything, your credit score rating is only one of many elements that Citi will take note of when deciding whether or not to approve your utility. However you will usually want a good credit score rating of a minimum of 730* to be authorised for a rewards bank card.
It’s, nevertheless, attainable to get authorised with a decrease rating relying in your particular utility particulars.
*The Factors Man credit score ranges are derived from FICO® Rating 8, which is considered one of many various kinds of credit score scores. Should you apply for a bank card, the lender might use a distinct credit score rating when contemplating your utility for credit score.
Who ought to get the Citi / AAdvantage Enterprise World Elite Mastercard?
The Citi / AAdvantage Enterprise World Elite Mastercard is an honest card if you’d like further perks when flying American Airways.
As a cardholder, you will get the first checked bag free on American Airways home itineraries for you and as much as 4 companions touring on the identical reservation. The $99 annual charge is waived the primary yr, however in subsequent years it is simple to justify this charge in case you examine a minimum of three baggage a yr.
The cardboard is at present providing a stable bonus of 65,000 American Airways AAdvantage miles after spending $4,000 in purchases inside the first 4 months of account opening. Based mostly on TPG’s January 2025 valuations, the welcome bonus is price $1,073.
Every day E-newsletter
Reward your inbox with the TPG Every day publication
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
You earn 2 AAdvantage miles on eligible American Airways purchases, in addition to spending with telecommunications retailers, cable and satellite tv for pc suppliers, automotive rental retailers and fuel stations. All different purchases earn 1 mile per greenback spent.
What number of card accounts can I’ve open?
Citi does not appear to restrict the general variety of bank cards you possibly can have open. The issuer does, nevertheless, appear to have a most credit score line which will prolong throughout all your Citi playing cards, although. So, when you’ve got a minimum of one different small-business bank card with Citi and aren’t authorised for a brand new card, you might wish to name Citi’s reconsideration line to see if shifting some credit score from considered one of your present small-business playing cards will let you open the brand new card.
Associated: What number of bank cards ought to I’ve?
Who’s eligible for a sign-up bonus?
The cardboard utility notes that “American Airways AAdvantage bonus miles are usually not accessible when you’ve got acquired a brand new account bonus for a Citi / AAdvantage Enterprise World Elite Mastercard account prior to now 48 months.” So, in case you’ve acquired a sign-up bonus for this card within the final 4 years, you will not be eligible to earn one other bonus right now.
Associated: Incomes one other AAdvantage card sign-up bonus: What it’s essential to know
Do I would like a enterprise to get a enterprise bank card?
Sure, you do want a enterprise to get a enterprise bank card, however many varieties of small companies could be eligible, together with some work that you could be not have beforehand thought-about. For instance, promoting objects on-line, offering music classes, tutoring kids, freelance jobs or managing a rental property can all make you eligible for a enterprise bank card.
You do not have to have a registered enterprise to apply for a enterprise bank card. You may choose “sole proprietor” as the kind of enterprise when filling out the appliance, enter your identify because the enterprise identify and enter your Social Safety quantity as your tax ID quantity.
Associated: Greatest enterprise bank cards
Tips on how to examine your credit score rating
There are various methods to examine your shopper credit score rating free of charge. For instance, many bank cards allow you to examine your FICO rating for no cost. It is a good suggestion to trace your rating’s progress over time, particularly in case you’re trying to enhance your credit score rating.
You may also examine your online business credit score rating, however you will normally must pay to see your precise rating or a full credit score report.
It is essential to appreciate that you do not simply have one credit score rating. As a substitute, there are totally different calculation strategies and credit score reporting businesses. Your small business and private credit score scores will fluctuate based mostly on the calculation methodology and credit score reporting company that’s used.
Associated: 9 causes to get a enterprise bank card
Components that have an effect on your credit score rating
When you know your credit score rating vary, you might marvel what elements have an effect on your credit score rating. Let’s focus in your private credit score rating since we all know that Citi will think about this rating for all candidates of the Citi / AAdvantage Enterprise World Elite Mastercard.
There are just a few formulation for calculating your credit score rating, however not one of the actual calculations are public. Nonetheless, FICO is comparatively clear in regards to the various factors they assess and the way a lot weight every is given:
- Fee historical past (35%): Whether or not you’ve got paid previous credit score accounts on time.
- Quantities owed (30%): The relative measurement of your present debt and the ratio of your present debt to your accessible credit score.
- Size of credit score historical past (15%): How lengthy your credit score accounts have been established (together with the age of your oldest account, the age of your latest account and the common age of all of your accounts), how lengthy sure credit score accounts have been established and the way lengthy it has been because you used sure accounts.
- New credit score (10%): What number of new accounts you’ve gotten opened not too long ago.
- Credit score combine (10%): What number of various kinds of credit score accounts you’ve gotten, such bank cards, retail accounts, installment loans, finance firm accounts and mortgage loans.
What to do in case you get rejected
In case your utility is rejected, you will get a letter within the mail that states why Citi turned you down. Relying on the explanations, you might wish to use this data to enhance your credit score rating earlier than making use of once more. Or, in case you consider you possibly can present extra data that may result in approval of your utility, you possibly can name Citi’s reconsideration line to make your case.
Should you name the reconsideration line, be ready to reply questions on your online business and current a compelling argument for why Citi ought to approve your utility.
Associated: How unhealthy is it to get denied for a bank card?
How lengthy to attend earlier than making use of once more
It is best to keep away from making use of once more till you’ve got addressed the explanations Citi gave for rejecting you. However, if you wish to apply once more or apply for a distinct card from this issuer, the consensus about making use of for Citi bank cards is that you could solely apply for one card (private or enterprise) each eight days, not more than two playing cards in a 65-day window and no a couple of enterprise card in a 90-day window.
How a lot are American Airways AAdvantage miles price?
In keeping with TPG’s January 2025 valuations, American Airways miles are price 1.65 cents every, making the present sign-up bonus for the Citi / AAdvantage Enterprise World Elite Mastercard price $1,073. Should you use your miles correctly, you possibly can redeem your AA miles for a lot higher worth.
Bank card author Danyal Ahmed has redeemed his miles for as a lot as 6.5 cents a bit when reserving Qatar Airways enterprise class for 70,000 miles.
Associated: How (and why) to calculate award redemption values
Backside line
Should you’re an American Airways loyalist and a enterprise proprietor, the Citi / AAdvantage Enterprise World Elite Mastercard is an effective alternative as you earn bonus miles in business-specific classes and on journey with American Airways.
Elite like advantages reminiscent of precedence boarding and free checked baggage are sufficient to assist offset the $99 annual charge. In case your credit score rating is a minimum of 730 and your credit score profile is nice total, this card and its present welcome provide might be an awesome worth add for your online business.
Apply right here: Citi / AAdvantage Enterprise World Elite Mastercard
