Posted by William Charles on June 25, 2019
Airline Rewards

Published on June 25th, 2019 | by William Charles

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[Expired] Citi Checking Bonus – 40,000 American Airline Miles

Deal has expired, view more bank account bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: 40,000 miles
  • Availability: Nationwide, must have American Airlines account
  • Direct deposit required: No
  • Additional requirements: Deposit $15,000 and maintain that for 60 days
  • Hard/soft pull: Soft pull
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees: $25, avoidable
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: July 31st, 2019

The Offer

Direct link to offer

  • Citi is offering a bonus of 40,000 American Airlines when you open a new Citibank Account Package and complete the following requirements:
    • Deposit $15,000 within 30 days of account opening and maintain that balance for at least 60 days

The Fine Print

  • For Citibank’s Retail Checking 40,000 AAdvantage® miles Offer (“40,000 AAdvantage® miles Offer”), “Eligible Customers” are (1) New-to-Citibank Customers, (2) who enroll in the AAdvantage® 40,000 miles Offer, (3) are at least eighteen (18) years of age, (4) have a valid W-9 or W-8BEN on file with Citibank and are not subject to back-up withholding, and (5) have an AAdvantage® account held in their name. “New-to-Citibank Customers” cannot be current owners of a Citibank consumer checking account or have been an owner on a Citibank® consumer checking account within the last 180 calendar days before enrollment.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Citi Account Package $25 Monthly Fee (30,000 mile Bonus)

  • The Citibank Account Package needs $10,000 in combined average monthly balances to remain fee free. Otherwise, there is a $25 monthly fee.

Early Termination Fee

In the past, Citi has not charged any ETF, and none is mentioned for this offer.

Our Verdict

We’ve seen a 30,000 mile bonus before and there is a 75,000 mile targeted bonus as well, although this 40,000 mile bonus is in line with the requirements for the 60,000 mile bonus on that offer. There is also a public bonus for up to $600, although the requirements matching this 40,000 mile bonus are for $400 ($500 with a direct deposit). I’ll just ignore the targeted bonuses as obviously they are better if you’re targeted. Some people will prefer $400/$500, whereas others will prefer this 40,000 mile offer.

Hat tip to reader Aaron D

Useful posts regarding bank bonuses:



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Pang
Pang

likely they will send out 1099 for the miles too, right?

mark
mark

Same question.

Jose
Jose

Says in the fine print
“The fair market value of bonus miles awarded will be reported to the IRS as interest…on IRS Form 1099-INT for the year received…”

NK3
NK3

Per the link:

The fair market value of bonus miles awarded will be reported to the IRS as interest to the first signer on the account, in the year received, as required by applicable law. Bonus miles received by U.S. persons will be reported on IRS Form 1099-INT for the year received.

Debit
Debit

I have targeted 30000 miles for business checking account

Andy
Andy

Signed up for the 30k AA back in March and still waiting for the miles.

BG
BG

Same

Jeffrey
Jeffrey

Same here.

abey
abey

same here

Mark
Mark

Citi Bank is a mess. Reminds me of Greyhound. Each time I call I get a completely different story. I’m into my 5th month with no miles posting yet. I would avoid them unless you like gambling.

Doggo
Doggo

I did the $400 bonus in like Aug 2018. Took CFPB + like 3 months of back and forth w/ a rep who responded to the CFPB complaint to get the bonus in May. Closed acc by phone, and was charged a monthly fee for the month AFTER I had closed the acc. Online banking doesn’t show any accounts. Called CSR who reversed charges and (hopefully) actually closed my acc and will mail me check of my small balance.

So yeah, Shitibank indeed. But with some persistence and CFPB you could get the bonus. Might not be worth the trouble though lol

Jamie
Jamie

same

Law
Law

I’ve done Citi promotions a couple of times and they were never automatic. However, I did receive the bonuses by persistently following up.

Alan
Alan

My experience also, once was a nightmare but I always got the bonus. On the fence since that nightmare with Citi.

sdb4u99
sdb4u99

Have a valid W-9 or W-8BEN on file with Citibank?

No relationship with cit so far, what does this mean ?

ed
ed

following!

Kent
Kent

This point in the terms and conditions should give second thought to anyone who has or is planning to apply for a Citi AA card this year as well:

“Unless expressly prohibited, Eligible Customers can participate in other Citibank American Airlines AAdvantage® promotions which award miles; however, no Eligible Customer can be awarded more than 60,000 AAdvantage® miles total (multiple awards allowed) within any 365 day period.”

alex
alex

Now 180 days term are back ,great news

Dan
Dan

Opened an account in branch. Just realized the banker never asked for my AA account number 🙁

Dan
Dan

Called the banker today and she was curious where Citi would deposit the AA miles. She asked me to contact her after fulfilling the requirements and she will fight for me. What a shitty bank!

Kevin
Kevin

They didn’t ask for AA number. How will they award the bonus to my AA account?

TxAg
TxAg

Anyone knows how they actually award miles on these banking promotions? They never have a field for AA number on the application

Gaurav
Gaurav

Same Question here. Doc do you know ?

Vince L
Vince L

same here…

ed
ed

If I close before I receive the points, will the bonus still be valid? Any DPs on how long it takes to get the points?

Andrew D
Andrew D

That sounds like a terrible idea.

GS
GS

Talked to customer service about where to enter AA miles account info. He said this is for targeted customers only whose AA account info is already with Citi. So basically there is no way to give them AA account info. And if your account wasn’t targetted you will not be eligible for the promo and won’t receive the miles. In his own words ….

“I believed this offer is for targeted clients only ant there is no need to provide the number. As the AA number is already linked when the offer was generated. ”
“That is correct, this is for targeted clients only. But you may avail other promo if you wish.”

Nanu
Nanu

The T&Cs of the promo’s landing page don’t contain any targeted language, and it even says “If you do not have an open AAdvantage ® customer account, you may open one by visiting http://www.aa.com (https://www.aa.com), selecting “AAdvantage ® program” and clicking “Log in / Join”.

Vince L
Vince L

Did you get the miles eventually?

RR
RR

Was hoping to get in at the last minute, but looks like they have already pulled this offer as the links no longer work.

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