If you happen to’re desirous about making use of for the Citi® / AAdvantage Enterprise™ World Elite Mastercard® (see charges and charges) — previously often known as the CitiBusiness® / AAdvantage® Platinum Choose® Mastercard® — however are unsure whether or not your credit score rating qualifies you for approval, we may help with that.
Let’s take a look at the various factors it’s best to contemplate earlier than deciding on whether or not or not it’s best to apply for this small-business rewards bank card.
What credit score rating do it’s essential 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 can be thought of throughout the software course of. Some issuers additionally examine your online business credit score rating throughout the software course of, if your online business has a credit score historical past.
Citi would not publish particular credit score scores which are wanted to be authorized for the Citi / AAdvantage Enterprise World Elite Mastercard. In any case, your credit score rating is only one of many elements that Citi will have in mind when deciding whether or not to approve your software. However you may typically want an excellent credit score rating of no less than 730* to be authorized for a rewards bank card.
It’s, nevertheless, attainable to get authorized with a decrease rating relying in your particular software particulars.
*The Factors Man credit score ranges are derived from FICO® Rating 8, which is certainly one of many various kinds of credit score scores. If you happen to apply for a bank card, the lender might use a unique credit score rating when contemplating your software 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 would like further perks when flying American Airways.
As a cardholder, you may get the primary 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 the event you examine no less than three baggage a yr.
The cardboard is at the moment providing a stable bonus of 65,000 American Airways AAdvantage miles after spending $4,000 in purchases throughout the first 4 months of account opening. Based mostly on TPG’s January 2025 valuations, the welcome bonus is price $1,073.
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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?
Associated: What number of bank cards ought to I’ve?
Who’s eligible for a sign-up bonus?
The cardboard software notes that “American Airways AAdvantage bonus miles will not be out there in case you have obtained a brand new account bonus for a Citi / AAdvantage Enterprise World Elite Mastercard account prior to now 48 months.” So, in the event you’ve obtained 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 know
Do I want a enterprise to get a enterprise bank card?
Sure, you do want a enterprise to get a enterprise bank card, however many sorts of small companies may be eligible, together with some work that you could be not have beforehand thought of. 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 use for a enterprise bank card. You may choose “sole proprietor” as the kind of enterprise when filling out the applying, enter your title because the enterprise title and enter your Social Safety quantity as your tax ID quantity.
Associated: Greatest enterprise bank cards
Learn how to examine your credit score rating
You may also examine your online business credit score rating, however you may often have to pay to see your precise rating or a full credit score report.
It is essential to understand that you do not simply have one credit score rating. As a substitute, there are totally different calculation strategies and credit score reporting businesses. What you are promoting and private credit score scores will differ primarily based on the calculation methodology and credit score reporting company that’s used.
Associated: 9 causes to get a enterprise bank card
Elements that have an effect on your credit score rating
There are just a few formulation for calculating your credit score rating, however not one of the precise 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:
- Cost historical past (35%): Whether or not you have 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 out there 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 typical 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 just lately.
- 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 the event you get rejected
In case your software is rejected, you may get a letter within the mail that states why Citi turned you down. Relying on the explanations, chances are you’ll wish to use this data to enhance your credit score rating earlier than making use of once more. Or, in the event you consider you’ll be able to present further data which may result in approval of your software, you’ll be able to name Citi’s reconsideration line to make your case.
If you happen to 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 software.
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 have addressed the explanations Citi gave for rejecting you. However, if you wish to apply once more or apply for a unique 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 multiple enterprise card in a 90-day window.
How a lot are American Airways AAdvantage miles price?
In response to 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. If you happen to use your miles correctly, you’ll be able to redeem your AA miles for much larger worth.
Bank card author Danyal Ahmed has redeemed his miles for as a lot as 6.5 cents a chunk when reserving Qatar Airways enterprise class for 70,000 miles.
Associated: How (and why) to calculate award redemption values
Backside line
If you happen to’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 similar to precedence boarding and free checked baggage are sufficient to assist offset the $99 annual charge. In case your credit score rating is no less than 730 and your credit score profile is sweet general, this card and its present welcome provide might be an excellent worth add for your online business.
Apply right here: Citi / AAdvantage Enterprise World Elite Mastercard
Associated: Greatest playing cards American Airways flyers
