Offer at a glance
- Maximum bonus amount: 50,000 Citi ThankYou Points
- Availability: In branch [branch locator]
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $30, avoidable
- Early account termination fee: None
- Household limit: None listed
- Expiration date: Unknown
The Offer
No direct link to offer
- Open a new eligible checking account in the Citi Priority Account Package in branch, enroll in this promotion and within 60 days complete the below requirements to receive 50,000 Citi ThankYou Points:
- Deposit $50,000 and maintain that for 60 days
- Spend $750 in purchases using your Citibank Banking card (may require a direct deposit instead of this)
- This account also lowers the annual fee on your Citi Prestige card by $100
The Fine Print
- Bonus miles will be credited within 90 calendar days of meeting all the requirements
- You must not currently have a consumer checking account with Citibank. If you were a signer on or owner of a Citibank consumer checking account within the last 60 days from the date you enroll in this promotion you’re not eligible
- Customers who do not have a valid W-9 or W-8BEN on file are not eligible. Ask your banker to confirm these documents are on file before enrolling
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The Citi Account Package has a monthly fee of $30, this is waived if you maintain a combined average monthly balance of $50,000 or more in eligible linked deposits, retirement and investment balances. There is no early account termination fee for this account.
Our Verdict
This does require $50,000 to be deposited for 60 days like the $500 offer or not. It does require an average monthly balance of $50,000 to avoid the $30 monthly fee though. Because of that I don’t think it’s really worth considering.
As always with Citi checking bonuses it’s important to remember a few things:
- It’s never easy, you usually have to follow up on getting your bonus
- There is no guarantee you won’t receive a tax form and even if you don’t you should still self report
- If you do receive a tax form you never know how much they will value points at
- At minimum you’ll be paying $60 in monthly fees. I’d budget for more like $90-$120 (unless you deposit $50,000 and in that case you’re missing out on a lot of interest that you’d get with a high yield account)
- These points can’t be transferred to travel partners
You can also get 50,000 points for opening a Citi ThankYou Premier card at the same time.
Hat tip to reader @c4mer0n
Hey, can someone confirm how many days do you have to complete the requirements for this offer? is it 30days or 60days?
Doc, all the other websites quote 60 days to deposite 50k$ but branch documents says 30 days…. could you please confirm if there is a catch here?
Pretty sure it’s 60 days but if branch documents say 30 I’d ask somebody in branch to confirm for you.
Thanks a lot Doc.. Please let me know.. will have a little bit hard time managing 50k within 30 days.. 60 works for me… also, if it is indeed 30 days then can one request grace period or something like that to complete bonus requirements??
I am interested in this Offer. Want to know:
1. If there is any expiration of these 50k TYP.
2. Are these added to the TYP of Citi Prestige Card or these are managed separately? If they are calling these as ThankYou Points, I expect them to be added to Citi Prestige Card’s TYPs and should behave like them in all respects.
3. Now that Citi Prestige has an option to redeem @1cent per TYP, Can these TYP be redeemed for $500? (I guess this Ques would be answered partly as part of Q2).
Citi banker is telling me this account requires direct deposit. Spending $750 on the debit card does not qualify as is mentioned in the post.
Does anyone have a picture of the flyer ?
If I have the prestige card and assuming I were to sign up for this bonus, how would I redeem both the points earned with the prestige and the new checking account TY points in one booking on thier OTA? Does anyone know if this is possible?
For those without 50k to throw around, there is an offer for 30k points after depositing 15k and some direct deposits
Just signed up for that one.
50k and a shitload of free time to waste. lets not forget that.
Oooh interesting, don’t suppose you took a picture? Or is this the targeted offer/
Can someone clarify how these points can be used if you *don’t* have a Thank You card of any type currently? I’m in that boat waiting for the 24 month clock to reset on Thank You cards. Can you cash out in the form of gift cards at 1cpp?
Gift cards at slightly below 1cpp if I remember correctly.
NOBODY should be doing this. Not same TYP. Cant transfer. Taxable. Shitload admin headache. Massive eyes on your account. Good luck.
Can you please elaborate on your Points?
– Can’t Tranfer where?
– Admin Headache? I thought once we reach the requirement, Points will be credited to the account with max 1 phone call to cust care
– Massive eyes on your account? Did not understand this.
Am sorry. Am new to Bank Bonus game.
Will or Chuck, the link for the branch locator is broken or unavailable. Can you please fix.
https://online.citi.com/US/GCL/citilocator/flow.action
It looks good to me. Maybe Will fixed it already.
Yes, it looks good now thanks guys!
nice try Citi but never again. Would rather have a root canal than deal with getting them to honor terms
“Your Citi Addvantage credit card account and new checking account must be open and in good standing when the miles post”…needs update in the post. Probably pulled from an old post?
Thanks