Many major banks are beginning to adopt preferred name credit cards, with the hopes of creating a safer and more accommodating space for members of the LGBTQ+ community who use their services. Citi is the latest bank to join MasterCard's True Name initiative. When debuting back in 2019, the credit card company referred to a study by the National Center for Transgender Equality that revealed that "32% of people whose IDs list incorrect names or genders have faced such issues as harassment and denial of services." The campaign seeks to end the misrepresentation of non-binary and trans people when it comes to the finance space.
In order to opt-in for the preferred name credit card, individuals need only to request it and no legal name change is required.
Image Credit: Citi