Earn Up To 50,000 ThankYou Points with a New Citi Checking Account
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Update 2: A reader wrote in to share his experience opening an account to receive the 50,000 bonus AAdvantage miles. If you’re not prompted to enter your AAdvantage number when you open the account, send Citi a secure message with your info. Also, while that particular offer requires that you make $1,000 in debit card purchases within 60 days of account opening, note that you can’t request a debit card until the account has been opened for 30 days. This doesn’t apply to the original offer for 50,000 ThankYou points, which is outlined below.
Banks often offer incentives for opening up a new account (typically with a minimum funding requirement as well). Usually you’ll have an opportunity to score some bonus cash, but occasionally you can get rewards points instead, as is the case with Citi’s latest offer. Through December 31, Citi is offering up to 50,000 ThankYou points when you open a checking account using offer code 42ERCZ42PY.
Additionally, according to Citi’s terms, within 60 days after account opening, one qualifying bill payment must be posted to the new checking account each month for two consecutive calendar months. Technically this is a targeted offer, though I was able to pull up the application even though I didn’t receive an email. Officially, these ThankYou points cannot be transferred, though they can be redeemed for gift cards, with each point equivalent to 1 cent of value.
You’ll need to open a Citigold account to earn the full 50,000 points. Unfortunately, Citigold accounts come along with a $30 monthly fee, unless you meet the following requirements:
- Maintain a combined average monthly balance of $50,000 or more in eligible linked deposit and retirement balances for the prior calendar month.
- Maintain a combined average monthly balance of $100,000 or more in eligible linked deposits, retirement balances, and investments for the prior calendar month.
Now, once you start building up your retirement accounts, the first requirement shouldn’t be too difficult to meet, though you do of course need to have your retirement accounts with Citi. Note that Citigold customers can get $100 off the Citi Prestige annual fee. Or, you can opt for a Citibank checking account (20,000 bonus points) or a Basic Banking account (10,000 points), instead. Citibank checking accounts come along with a $25 monthly fee, while Basic Banking accounts have a $12 monthly fee, unless you meet balance requirements.
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