Are Citibank and Capital One the Same? (2024)

FAQs

Is Capital One or Citibank credit card better? ›

The Citi Double Cash® Card offers a higher rewards rate on general purchases but lacks the Capital One Quicksilver Cash Rewards Credit Card's elevated rate on select travel.

Most cards offered by Citi require a good to excellent credit score—670 to over 800. The cards with such requirements are some of the most rewarding cards offered, but there are options if your score is not quite at that level.

Your approval odds for the Capital One Venture X Card are best if your credit score is 740 or higher. Keep in mind, that other factors go into your application as well, including your income and relationship with Capital One.

Citi is a bank that's uniquely positioned for this moment. Through our vast global network and our on-the-ground expertise, we can connect the dots, anticipate change and empathize the needs of our clients and customers in ways that other banks simply cannot.

The Capital One Platinum Secured Credit Card (see rates and fees) is easier to qualify for because it's a secured card, which means you'll need a security deposit to open the card.

Finally, from a product standpoint, Capital One also has less to offer than many other big-name banks. The bank offers no mortgages, home equity loans or personal loans. There are also no investment or retirement account options.

What score model does Citi use and why is the score range different from others? There are various score models available in the marketplace. The FICO^® Score we deliver is based on data from Equifax using the FICO^® Bankcard Score 8 model. This model has a FICO^® Score range of 250-900.

What are the requirements for a Citi credit card? You will need a fair to excellent credit score to qualify for the best Citi credit cards. A fair score is generally considered 580 to 669, a good credit score ranges from 670 to 739 and an excellent score is 740 and above.

Experian is the most commonly used source that Citi will draw a report from, but there's no guarantee that they won't decide to pull a different or additional report from another reporting agency. If you're not certain your score is good enough to be approved, you can work on improving your credit.

Having too much existing debt or too low disposable income, or even having too many hard inquiries on your credit report could result in a denial.

Why would Capital One not approve me? ›

Some common reasons for not getting approved for a credit card include: Having a low credit score. Having too much debt. Having too many hard inquiries on your credit reports.

Some Capital One credit cards are hard to get because they require at least good credit, which means you need a credit score of 700+ for good approval odds. Other Capital One credit cards are easier for people with lower credit scores to get approved for, so it's important to choose wisely.

Citibank has many perks you can expect from a big, national bank, including a wide range of product offerings and a massive ATM network. But it has fewer branches than some of its peers, like Wells Fargo and Bank of America, and its most competitive savings account is not available in all regions.

Citibank, N.A. (N. A. stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of financial services multinational Citigroup.

Citibank does not own Capital One — the two popular financial institutions are entirely independent. Capital One is a $40 billion company that offers banking services and credit cards. Citibank is an $81 billion-plus business that provides similar services online and through an extensive network of physical branches.

If you have average credit and are looking to build up to a good or excellent credit score, it's a good idea to consider a credit card designed for average credit applicants, such as the Capital One Platinum Credit Card (see rates and fees).

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

Capital One was named best big bank and best bank for ATM access as part of the 2024 Bankrate Awards, which recognizes the best financial products available to consumers.