Update: this offer expired.
There is a very attractive promo for a new checking account from Citibank, floating around the web. It gives 400 dollars worth of gift cards through CITI “Thank you” program, after fulfilling all the terms. As I mentioned before, this site will focus on points of any kind, and for my family, dollars are the most desired points of all.
I usually redeem Thank You rewards for Walmart gift cards, since those are hard to find at a discount. That is where I usually shop for my family. A couple of things to be aware of: sometimes CITI does pull your credit for this type of accounts, so you might get an inquiry. But I do think, that even with a potential inquiry, the offer is worth it.
Also, you have to jump through some hoops, so be prepared for that. I hope things have changed, but in the past I had a really hard time closing a checking account with CITI. Just completely infuriating, many phone calls and a couple of letters.
There is also a fee associated with it, when you don’t have a 50000 dollars in the account. Reports on Flyertalk indicate though, that the fee is waived for the first 2 months, but YMMV. I still think it’s a worthwhile promo, even if you get stuck with a 30 dollar fee for one month. But be aware, CITI is very uneven. You might get your points in a week after fulfilling requirements, or in 3 months.
Also, it does say, that you are not eligible, if you received a bonus within the last 2 years. On the plus side, reports indicate, that CITI will not send a 1099-MISC form, since it’s below 600 dollars in value. So you will not owe tax on this points promo. I am debating whether to pull the trigger. If only it was Chase, sigh…
Here is the link to the offer: LINK (wait a few seconds, because at first it shows an error).
And here is the link to the discussion on Flyertalk. I suggest you look at it as well: LINK
I don’t get any commission, if you apply. Offer ends on 10/31/2013, so you have some time to think about it.
Photo credit goes to wilkepedia.com
START A NEW CHECKING RELATIONSHIP & EARN UP TO
Open an eligible Citibank Checking relationship and within 60 days after account opening:
- Enroll in Citi ThankYou® Rewards.
- Complete 1 qualifying Bill Payment and Direct Deposit for 2 consecutive months.1
USE CITI’S DIGITAL SERVICES
FOR AN ADDITIONAL
Within 60 days after new account
- Download the Citi MobileSM App & log in
- Sign up for Paperless Statements.2
(This bonus assumes completion of new account opening bonus requirements)
ENJOY UP TO A TOTAL OF
ThankYou Points can be redeemed for up to $400 in gift cards.
Points can also be redeemed for merchandise, travel, cash rewards and much more.
SEE IMPORTANT DETAILS BELOW
Start by choosing which checking relationship is right for you:
To apply by phone, call 1-866-583-6706 and mention code CZC4.
ThankYou® Points will be credited to your ThankYou Member Account within 90 days from the end of the statement period in which you satisfy all offer requirements.
- To qualify for 30,000 bonus ThankYou Points, open a new Regular Checking account in The Citigold® Account Package; or to qualify for 10,000 bonus ThankYou Points, open a new Regular Checking account in The Citibank® Account Package or Basic Banking Package.
- Within 60 days after account opening, you must enroll the new checking account in Citi ThankYou® Rewards and; 1 qualifying direct deposit must be credited, and 1 qualifying bill payment must be posted, to the new checking account and such activities must also occur during a calendar month and the following calendar month.
- Qualifying direct deposits are Automated Clearing House (ACH) credits, which may include payroll, pension, or government payments (such as Social Security) by your employer or an outside agency. Qualifying bill payments are those made using Citibank® Online, Citi MobileSM or Citiphone Banking®. Bills paid by making a transfer between linked accounts and/or transfer payments made to accounts within Citibank or to accounts of Citibank affiliates do not qualify as bill payments for this offer.
2. To qualify for an additional 10,000 bonus ThankYou® Points:
- You must satisfy the qualifications described above AND within 60 days after account opening complete one of the following digital services:
– Download the Citi MobileSM App and use the app to sign on with the same User ID and Password you use to access your new checking account online;
– Or Enroll your new checking account in paperless statements.
Citibank Online registration is required before you can complete any of these digital services.
Important Tax Information: Enrollment in Citi ThankYou Rewards and this offer limited to customers who are either citizens or resident aliens of the United States (U.S.) with a valid U.S. taxpayer identification number. The value of the rewards from redeemed Points may be reported to the IRS as miscellaneous income on Form 1099-MISC in the year redeemed, if the value of the rewards plus other taxable miscellaneous income awards received from Citibank, N.A., is in the aggregate $600 or greater for a calendar year, as required by applicable law. Customer is responsible for any applicable taxes.
Separate enrollment of eligible checking account in Citi ThankYou® Rewards required. Citi ThankYou Rewards enrollment and participation are subject to terms, conditions and restrictions. Visit thankyou.com to see the various rewards available in the Citi ThankYou® Program; ThankYou Rewards and the ThankYou Point levels for specific rewards are subject to change without notice. Customers must log in to their ThankYou Member Account to see specific rewards and redemption values available to them.
Offer is for new checking customers only, 18 years or older. All accounts subject to approval and applicable terms and fees. Limit of one offer per customer and account. Offer expires 10/31/13, may be modified or withdrawn at any time without notice, is not transferable and cannot be combined with any other offer. If you have received a bonus reward for opening a new Citibank consumer checking account within the past two years you will not be eligible to receive a bonus associated with this offer. Your new Regular Checking account in The Citigold Account Package, The Citibank Account Package or the Basic Banking Package must be open and in good standing at the time the bonus ThankYou Points are posted to your ThankYou Member Account.
Information about Banking Products and services
3. Get cash, get information and transfer balances between eligible linked Citibank accounts with no ATM usage fee when you use your Citibank ATM or Debit Card at ATMs at Citibank branches and Citibank-branded ATMs at other locations. Not all ATMs are owned or operated by Citibank. Not all functions available at all ATMs.
4. Citibank does not charge you a fee for using Citi Mobile or for the Citibank for iPad app. However, charges from your wireless carrier may apply. Regular account charges apply.
5. Citigold Account Package – Monthly service fee is waived if you maintain a combined average monthly balance of $50,000 in deposits and retirement balances OR $100,000 in combined average monthly balances in deposits, retirement, investments, credit cards, and loans/lines of credit excluding first mortgage, otherwise a $30.00 monthly service fee is applied. Ask for details.
Citibank Account Package – Monthly service fee is waived if you maintain a combined average monthly balance of $15,000 in eligible linked products otherwise a monthly service fee of $20.00 is applied. Eligible linked products are linked deposits, loans, mortgages, credit cards, retirement and investment accounts. Ask for details.
Basic Banking Package – Monthly service fee is waived if the following transactions are completed: maintain a combined average monthly balance of $1,500 in either your Basic checking or your linked Basic Savings Account OR if One Qualifying Direct Deposit is credited to your Basic Checking account or to a linked Day-to-Day Savings in a Basic Banking Package AND One Qualifying Bill Payment is posted to your Basic Checking account. Otherwise a $10.00 monthly service fee is applied. Qualifying bill payments are those made using Citibank® Online, Citi MobileSM or CitiPhone Banking®. Bills paid by making a transfer between linked accounts and/or transfer payments made to accounts within Citibank or to accounts with Citibank affiliates do not qualify as bill payments for this offer. Qualifying direct deposits are Automated Clearing House (ACH) credits, which may include payroll, pension, or government payments (such as Social Security) by your employer or an outside agency. Ask for details.
Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.