Posted by Chuck on February 9, 2016
Manufactured Spending

Published on February 9th, 2016 | by Chuck


Citibank Credit Card Funding Appears to be Dead

Multiple reports in the DoC comments, Flyertalk, and Reddit indicate that Citi stopped accepting credit card funding for their checking and savings accounts.

As of yesterday, it was still going, but it appears that it died today.


HT: milesperday on Twitter

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I am just so unlucky. I was thinking about opening an account for a month and finally opened yesterday. And when I called to fund it, I was told that starting from today no more card funding and Citi is preparing to send out letter for notification.

You would have thought they might have updated their site too, but everywhere it still says you can fund with a credit card, whatever package including CDs. Must have been a haste decision or someone dropped the ball and forgot to give advance notice to their web team.

“Rocky takes another punishing blow, how much more of this can he take?…”

And, I would just like to take this moment to thank and remember you, Citi “CC” Funding, for the 16k miles and two sign up bonuses you did provide. You will be remembered.

I’m not going to swear, I’m not going to curse, I’m not going to point fingers, I’m not going to rant, I’m not going to make arrows and circles showing that noobs=dead. I’m just going to say: AARGHH! Another good one one bites the dust. Put a fork in it. RIP

Anyone know how long, in years, Citi was allowing this?
DOC not innocent certainly in this, had a great effect I’m sure.
That’s ok in my book, once the news gets out there, you need to strike while the iron is hot.
First off, thanks to DOC for the detailed write ups. Mucho appreciation.
I also want to express my sincerest condoloscences to the apparently defunct funding program for it’s unselfish generosity in providing 6 figures in Arrival miles.

And the blame game begins!

Lol. My dear Doctor please do not pay the slightest attention to all kinds of accusation.

A deal’s gonna die if it’s too good to be true. That’s the nature of our game.

I am not gonna blame anyone, we are all in this together.

I’m not one to throw out blame but this did die shortly after it got posted everywhere here included. I blame all the hat tipping and weekly reviews. I think these deals would last longer without all the linking to each other’s sites. when I first started my adventure in this hobby I would have to do research and go onto flyertalk to find answers to my questions. now I go on about 3 different sites and get all the info I need and then sum how I miss the good old days. I now no longer go on flyertalk since there is no need for research I can now be spoon fed.

We first posted about Citi funding about a year and a half ago, maybe longer.

yes I know the info has been out there for years if u looked for it, but ur site has gotten more traffic due to ur great work but also due to all the linking other sites do to ur posts bringing in even more players to the game. a lot of new players do not follow fly under radar rules. Try not spelling out every detail in the posts and saving some info for the comments section so we big boys and girls can discuss it and figure out the small details. I mean for God’s sake u put out a post titles “Step by step guide to citigold checking bonus. If that’s not spoon feeding a deal to death then I Dont know what is

Pretty sure this specific deal was killed by doing multiple savings accounts and funding those, something that wasn’t really discussed publicly. Sometimes deals just die and it’s the collectives fault.

Well that sucks. I took a hard pull on BoA Alaska in order to open a couple more savings accounts.

what about CDs and non-checking/savings accounts?

An amazing hit if it holds to be the new rule. A door that may never open again.

Never say never. Why say five letter words if you can say four letter words? Less is more

Not to brag about it, but these are my trophies from funding checking and savings accounts:

– 35k AA miles
– 25k AA miles
– 30k TY points
– 25k TY points

Doc, thank you very much sir for letting us know about the cc funding option!

Not to brag, eh? :p

I have been thinking to open a citigold for a month…Finally use a HP to open citi premier yesterday…now I need to find another way to reach the min spend…too bad..:(

Ah!!!! I have written down “open a citi saving account” on my to-do-list since Oct, but still haven’t done it yet, now this… Oh my!!! it is just my luck

inaction, not luck

True. But I finally took an action yesterday calling BOA to combine my credit lines… still luck…

Yeah, was just rubbing it in 😉 No offense intended.

Wow! I opened my 2nd savings account 3 weeks ago and called to fund it last week. Got my 29k Arrival points 🙂

In total I got 3 funding bonuses from 1 checking and 2 savings for a total haul of 69k Arrival miles. Or about $730 in free travel!! God bless you Citi 🙂

bummer. was gonna go for the prestige and fund to meet min spend. might hold off a month now. thanks for the info

Now that CC funding is gone, does it still make sense to open the checking account now and still get 40k TYP for $90 or so.

For the hassle involved in dealing with Citi, I’d say no. A real pain in the ass.

I think so, but others would disagree. Depends on how much of a hassle they make it. Also depends if you have the Prestige to lower the AF by another $100.

Funded $216,000 since August for a total of 432,000 Arrival Miles.

Doc had nothing to do with this getting shut down. People like you that run tens/hundreds of thousands of dollars through these mechanisms are what makes banks pay attention/shut down deals.

That’s exactly right!

Ben, neither of us know for certain why things get shut down. But I can tell you there are MS opportunities that people have milked for years, with much larger volumes and were not shut down until they were made public. Yet, I still thank and appreciate DoC for everything they do for the community. I don’t play the blame game.

I disagree. It makes more sense that blogs caused this. If I use my arrival card to get points on arrival card how does this hurt citi? It doesnt. it would hurt barclays because they would be the ones giving out points not citi.

Because Citi has to pay the swipe fees.

what are u talking about. I’m saying I funded the citibank account using a barclays arrival card and ur saying that citi shut this down because swipe fees? WTF? If anything citi would like that I fund accounts especially savings accounts because then they can lend out that money and make money on interest. Do u know how banks work?

Oh lord. You have got to be kidding me. With all due respect, please educate yourself on how credit cards work, fees, etc before posting such comments.

Comment addressed to Raul. Citi is probably paying close to 2% on your charge. They are your merchant. If you charge $10,000 for example, they are paying Barclay $200. Citi was hedging that you would remain a customer long enough and deposit enough, do cash advances, whatever they fantasize so that they could recover that upfront cost. Most banks realize this is a losing proposition which is why City was one of the last to allows big initial fundings.

Barclay really is not the loser since they are receiving that $200 in exchange for the points. Barclay wins if you redeem those points for anything other than $100 travel charges.

What??? *SIGH*…

Nice haul!!!

Any chance you know of any other methods similar to this? I have a high credit limit and don’t want to mess with 1k techniques ?

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