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I wanted to give you a quick reminder on this deal and why you should definitely consider it, especially if you happen to have Citi Prestige or plan to apply for one in a near future. Few days ago, I went ahead and pulled the trigger and opened CitiGold checking account in both mine and my husband’s names. But before I go any further, here is an excellent post on Doctor of Credit with instructions on how to do it and things to watch out for.
Of course, the main appeal of this deal is the fact that you can collect 50,000 Citi Thank You points (or 50,000 AAdvantage miles) without a hard pull on your credit. In order to get the first one, you have to have a card that participates in Thank You program, such as Citi Prestige, Premier or Preferred. In order to qualify for AAdvantage deal, you need to have, you guessed it, an AA mile-earning card.
Be aware, the language in the offer says that it’s only available to those who were targeted. That made me feel a bit uneasy, so I decided to apply over the phone and mention that I saw the offer on the internet (100% true). The agent I spoke with told me that I needed to call a different department but said that as long as I have the code, it should be fine and that I could do it online. Sounds good to me! I did just that.
So, let me describe my experience so far. Keep in mind, I haven’t actually gotten the bonus yet. So, when you head on over to the referenced DoC post, there will be a link to apply. Make sure you put in the code for the offer you choose and select “CitiGold” option (very important). Follow all the steps but don’t fund the account right away because it will probably give you an error (just leave it at zero for now). You do have an option of funding with a credit card but I didn’t do it. Read this post on PointCentric for his experience on using Barclaycard Arrival Plus (edit:It was actually Citi Prestige, but the same principle applies).
I’m very conservative and don’t like to draw attention to myself (aka I’m chicken and proud of it!) If you decide to use your regular checking account to fund it like I did, you will need to link it to Citi first.
Citi will then make two small deposits into your external account over the next few days and you will need to validate them.
Go to this page, verify the deposits and you are good to go. Transfer some money to CitiGold account. I deposited $150 so I would have a buffer for fees (more on that later). If you are doing Thank You promo, you will have to pay a bill during two consecutive months. You can add your credit card account as long as it’s not Citi.
I added my Chase card and scheduled two $25 payments in order to satisfy the requirements. Voila! That’s it. Well, as long as Citi follows through. That’s why I first sent them a secure message to confirm my eligibility for this bonus. Here is the edited response:
As you can see, there is a monthly fee of $30, and there is no way around it. It looks like I will end up paying it a few times because I sure don’t have $50K lying around. But that’s OK because the bonus is still worth it. Once again, it’s important to look at the big picture. At the very least, I can cash it out for $500 in Walmart gift cards. If you have a Citi Thank You Premier or Citi Prestige, you can combine the points and get greater value when redeemed for flights or travel. Reportedly, points earned from Citi checking account do not transfer to airline miles or hotel points. Let me know in the comments if this has changed.
Another nice perk of having a Citi Gold account is that it qualifies you for $100 discount on your Citi Prestige annual fee, though it’s supposed to be prorated. An odd thing has happened, though. I got a $262 credit instead. I’ve heard of people getting the entire fee refunded depending on when they applied for Citi Prestige (I got mine in May). I’m not sure if I will get a prorated charge added later on, so stay tuned.
So, as you can see, by all accounts, Citi Gold promo is worth considering. Of course, the biggest unknown is whether Citi will honor the deal in the end, but I’m fairly confident that it will since I got a confirmation email from their CSR. You have till 12/31/2015 to apply so don’t delay. Make sure you read the post on DoC as well as comments and follow all the instructions to the letter. This is a good one and worth the risk IMO.
Readers, who applied for this offer? What was your experience?
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.