My experience with the Citibank Citigold 50,000 AAdvantage miles checking account open offer – Step-by-Step Guide

Posted on December 14, 2015 by in American Airlines AAdvantage, best use of Citibank ThankYou points

MightyTravels 2015-12-14 at 5.30.35 PM

Citibank has been having off on-and-off offers for their Citigold account package for several years now. Lately the offers have been improving to 50,000 AAdvantage miles for the successful opening and completion of qualifying activities.

I had waited for a long time to pull the trigger on the offer but finally did so. I recently also signed up for the Citi AAdvantage Platinum Personal and Business credit cards. You will need to be a Citi® / AAdvantage® credit card member but Citi usually does not enforce that you have been a direct recipient of the communication of the offer.

After some time Googling I found this 50,000 miles offer with offer code 42ERCWNQU6 at HMB. There are a few codes around and it isn’t always clear what the bonus is for each code.

You can use this to Apply Online – make sure you select the Citigold package.

The offer is valid until December 31, 2015 but may expire earlier.

The online forms were surprisingly quick to complete and I was able to get approved for the application in less than 10 minutes.

During the initial setup you also set your ATM PIN and get account numbers right away.

The next day I called ‘New account Servicing’ at 800 745 1534 and asked to make an initial deposit via credit card. The agent mentioned the recent influx of people trying to do that and suggested to NOT use a Citibank card since this would likely incur a Cash Advance fee.

The best cards for this endeavor seem to be the Barclays and Bank of America issued cards. These seem to never not post as Cash Advance and you can use as much as the credit limit allows. Chase cards ALWAYS post as cash advance. It is a good idea to set the cash advance limit to 0 (or as low as possible) though that does not always work.

I went ahead using my Citi Advantage card and the transaction has since posted as purchase.

For a new Citibank checking account no hard credit pull is necessary.

I had called Citibank Credit cards before and added a ‘large transaction alert’ so the transaction would go through. However that did not work and I did get a fraud alert from Citibank for a charge from Citibank – somewhat ironic isn’t it?

After I cleared this they would try the charge again the next day after calling ‘New account Servicing’ again.

The agent on the phone during this second call also offered to send me my debit card as an overnight. She also ran me through the instructions of the steps needed to receive the bonus:

– make at least 2 bill payments using the online access (better 3) – I paid my credit card bill partially

– spend $1,000 on the debit card

I was able to set up online account access once I received the debit card and set up the bill payment.

For the spend requirement I purchased $999 in money orders at my local grocery store (it’s a PIN based purchase) and bought a Christmas ornament for $4.99. This satisfied the minimum spend requirement – I confirmed this via secure message.

The Citigold account comes with fee of $29.95/month but it is waived for the first two months. Once the miles post you may downgrade to a smaller account package that will be fee free with as little as $1,500 in average balance.

The 50,000 miles may post about 4-6 weeks after all the qualifying activities have been completed. This usually means that you will have to pay at least two – likely three monthly fees before receiving the bonus. It’s very much worth it to me!

With the excellent offer for 50,000 miles and as a tool for manufactured spending this is a fantastic offer from Citibank and we can only pray it will stick around for a bit. No 1099 is sent for AA miles (Citi does that for cash bonuses or ThankYou Points occasionally).