I’ve mentioned on here before that my husband and I each have savings accounts at Bask Bank that earn American Airlines miles instead of interest. Our accounts earn 1.5 AA miles per dollar annually. So for example, an account with $10,000 dollars in it earns 15,000 AA miles annually. We’ve been using AA Web Special Awards a lot recently, even on the last trip I booked for 2023.
Well, another mile-earning opportunity presented itself, and it’s time for us to move some of our money for a bigger payout.
Citi Miles Ahead Savings Account
Last week, I received a mailer from Citi inviting me to open a Citi Miles Ahead Savings Account. After maintaining a deposit for 90 days, the account earns bonus AA miles:
20,000 bonus AA miles for deposits of $10,000-$49,999
40,000 bonus AA miles for deposits of $50,000 to $199,999
50,000 bonus AA miles for deposits of $200,000
Note that the money must be “new” to Citi money, not money moved from another Citi account.
The account has no monthly service fees and earns a “competitive” interest rate that varies based on your balance. Maintaining a $10,000 balance also triggers 25% more miles earned on my Citi/AAdvantage credit card.
The bonus miles post within 90 days after qualified activity. So, worst case, our money is tied up in these accounts for 6 months. $10k in our Bask Bank would earn 7500 miles in 6 months, whereas here it would earn 20k miles plus interest.
I believe this bonus is targeted only for people with a City/AAdvantage card, so I don’t have a public link. In addition to the mailer, I found the offer in my online Citi account attached to my credit card.
My husband has the same offer. We will both move $10k to separate accounts for a total of 40,000 bonus AA miles.
My husband and I earn the majority of our miles and points through credit card sign-up bonuses. But, when an easy opportunity like this arises, I will move money and keep track of it to earn some extra miles. Easy peasy.
Anyone else opening a Citi Miles Ahead Savings Account?
Nancy lives near Dallas, Texas, with her husband and three kids. Her favorite vacations include the beach, cruising and everything Disney.