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Recently we saw the introduction of two big new welcome bonuses on Citi AAdvantage Cards:
- The Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® is offering a welcome bonus of 60,000 AAdvantage miles after making $3,000 of purchases within the first three months; $99 annual fee, waived for the first 12 months
- The CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® is offering a welcome bonus of 70,000 AAdvantage miles after making $4,000 of purchases within the first four months; $95 annual fee, waived for the first 12 months
Both of these offers are worthwhile, and if you picked up both of these cards you’d be looking at 130,000 bonus AAdvantage miles, which is huge.
A few days ago I wrote about how I’m trying to decide on a 5/24 strategy. Specifically, Chase has a “5/24 limit,” where you typically won’t be approved for some of their cards if you’ve opened five or more new card accounts in the past 24 months. I can potentially get underneath that limit in 4-5 months, so I’m thinking it might make sense to do so.
The reason I’d like to get under that limit is so I can apply for the Ink Business Preferred℠ Credit Card, Ink Business UnlimitedSM Credit Card, and Marriott Rewards® Premier Plus Credit Card, all of which are great cards that would offer me long term value.
Why I just applied for the Citi AAdvantage Business Card
The above means that I have to take it easy when it comes to applying for credit cards, though the good news is that most business credit card applications don’t count towards that card limit with Chase. This means that I could apply for the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®, since that wouldn’t show on my personal credit report as one of the cards towards that limit.
Earning a 70,000 mile bonus with the $95 annual fee waived for the first year is something I can’t turn down, so I figured this was a good card to apply for. I value American miles at 1.3 cents each, so to me the 70,000 miles are worth ~$910.
70,000 miles is enough for a one-way business class ticket to Asia
It has been many months since I’ve applied for a credit card, and it will now be another 4-5 months until I apply for another card, so this will be my only card application for a while.
My experience applying for the Citi AAdvantage Business Card
Apparently I’m not very good at keeping track of credit cards, because I know I had the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® at some point in the past, but couldn’t remember when. This matters because the card is only available to those who haven’t opened or closed the card in the past 24 months. My online Citi log-in didn’t show a record of this card, so I phoned up Citi.
To my surprise, the rep indicated that they didn’t have record of me ever having had this card before. I’m pretty sure I had it in the past, so I found it odd, and called again, just to make sure I got the same answer. The next rep said the same thing. Odd, but I’ll take it.
I applied online, and to my surprise wasn’t instantly approved (Ford applied a few days before me, and he was instantly approved). My application status page did however give me a reference number and phone number to call, saying that they could give me an immediate decision if I called (which was good news).
The phone rep I spoke to was friendly, and she explained that for whatever reason the system didn’t automatically approve the application, as she had to manually approve me for a credit line. Within a couple of minutes she said that I was approved and that my card should be on the way shortly.
For general guidance on being approved for Citi business cards like the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®, see this post.
The 70,000 mile welcome bonus on the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® is the biggest public bonus I ever recall seeing on the card. I’m thrilled to have been approved for the card, and especially to be able to get it without it counting as a further inquiry towards the 5/24 limit.
I guess I have to savor these 70,000 miles, because it will be several more months before I can apply for my next cards, though they’ll be worth the wait.