Update: 30k AA bonus has also returned, more information here.
The Offer
Direct link to our full coverage of this bonus
Citibank is again offering you 40,000 ThankYou points when you sign up for a Citigold checking account, this promotion is valid until September 30th, 2015. To receive the bonus you only need to make one qualifying bill payments for two consecutive months. We’ve covered this deal in extreme detail here before, so I’d recommend reading that post in full to better understand this promotion. The promotional code is: 4YQY4RMDTT
Four Reasons Why You Should Sign Up For This Deal
These Citi checking promotions are must do’s in my eyes and here are four good reasons why:
- You can fund large amounts with a credit card. The upper limit seems to be around $100,000, but most people won’t have credit limits that high. Make sure you check to see what has/hasn’t coded as a cash advance in the past and remember that it’s possible to reallocate credit limits from one credit card to another, as long as the credit issuer is the same (e.g Chase Freedom to Chase Sapphire Preferred). This should help you increase the credit limit on the card you want to use.
- Having a Citi gold account lowers the annual fee on the Citi Prestige by $100. This card usually has an annual fee of $450, if you have a Citi gold account it’s automatically reduced to $350 (and you’ll receive a refund of $100 if you’ve already paid the annual fee). This card comes with a 50,000 point bonus, or 60,000 points if you apply in branch (with a much larger minimum spend requirement). It also comes with a $250 air credit (which includes all airline purchases), which you can get twice and only pay the annual fee once and some free rounds of golf each year as well plus lounge access.
- This bonus isn’t taxable. Most bank account bonuses are subjected to taxes, you’re not required to pay taxes on this bonus as long as you earn less than 60,000 TYP from bank bonuses.
- It comes with 40,000 ThankYou points. We’re used to seeing these types of bonuses on credit cards, but this is ridiculously high for a bank bonus, especially when you consider that you only need to pay two bills online to trigger the bonus.
Again, if you’re interested in this deal please read our full in depth post on this first. If anybody knows of a working promo code for the 30,000 American Airlines offer, please let me know in the comments below. We’ve added this bonus to our list of the best bank account bonuses.
Hat tip to reader P
