Monday - May 20, 2019

50,000 ThankYou Points for opening a new Citigold checking account

We just mentioned about the opportunity to earn  50,000 AAdvantage Miles when you open a new Citigold Checking Account.


Citibank has another offer if you prefer ThankYou points, You can get 50,000 ThankYou Points for opening a new Citigold checking account






Here are the details

Promo Code: 42ERCZ42PY

No Direct deposit required

Citigold checking account comes with a monthly fee of $30. (Waived for the first 2 months)

Should apply before Dec 31, 2015.

No hard inquiry on your credit report



Within 60 days of opening the account, perform 1 or more bill payments for 2 consecutive calendar months to a non-Citi account (paying your Citi credit card will not count towards the promotion)



You must have an existing ThankYou points account linked to a ThankYou credit card. In other words, you must have one of the following cards.

Citi ThankYou Preferred

Citi ThankYou Premier

Citi Prestige


Things you should know:

  • 50,000 ThankYou points will post within 90 days from the end of the statement period in which you complete all offer requirements, which means it can be 5 months from the day your account is opened.


  • Unlike the 50,000 AA Miles offer, Citi specifically mentions that you could get 1099-MISC if your annual earnings from banking products is over $600. This also includes the monthly ThankYou points you can earn for having a Citigold account.


  • You may end up paying account maintenance fee of $30/month for 3 months ($90 total) before you get the 50,000 ThankYou points. ($500 in gift cards)


  • ThankYou points earned from banking products are considered as taxable and cannot be transfer to Citi Transfer partners.


  • It would be better to open the account in a branch, as the banker will usually help you with any delay in getting points.




  • I would recommend opening the account during the second half of the month.  You can complete the bill pay requirements in Oct 2015 and Nov 2015 and $1,000 debit card purchases by second week of  Nov 2015. This means you have completed the requirements within a month of opening the account.


  • As soon as you complete the requirements, contact the banker who helped you open the account and notify that you finished the requirements.


  • Citi also offers ThankYou points for Citigold accounts, you could earn up to 1600 points per month. Make sure to set up Auto Save and set up a direct deposit if possible.


  • As soon as you get the miles in your account, Call Citi and request a downgrade of your account to Basic Banking (fees can be avoided with a direct deposit)


  • Another advantage of the going for the Citigold relationship – you can get a lower annual fee of $350 for Citi Prestige card.



Through 12/31/2015, Citi is offering 50,000 ThankYou Points for opening a new Citigold checking account. Citigold checking account is the premium banking product offered by Citi and comes with several benefits. This promotion equates to 50,000 ThankYou Points for $90, which is an excellent value.

To qualify for this promotion, you need to open your account before Dec 31,2015 and must hold one of the  ThankYou Credit Card holder.


Disclaimer:  Links mentioned in this post do not earn us any commission.

Editorial Note: Opinions, analysis and any calculations shown are authors alone. Information in this post is not reviewed, approved and endorsed by any airlines, frequent flyer programs or financial institutions

  1. Ryan

    October 1, 2015 at 9:39 pm

    Great… I opened an account with the 40k bonus yesterday. Ugh.

    • takeoffwithmiles

      October 1, 2015 at 9:46 pm

      If you are still a Citigold client, It doesn’t hurt to give a call and ask for a match.

  2. O

    October 2, 2015 at 8:28 am

    Past offers have excluded current or past Citi banking customers. I have a basic checking account with Citi as well as Premier and Prestige cards. Am I eligible for this offer? Thanks!

    • takeoffwithmiles

      October 2, 2015 at 8:46 am

      Terms & conditions does not mention anything about the current and past account holders.

      I have contacted Citi and confirmed that an existing account holder can open another account.

      Agent I talked to, also confirmed the bonus as long as you open a new account and fulfill all the requirements. I am going to check again with a banking rep and write another post later today.

    • Erik

      October 2, 2015 at 9:05 am

      “Offers for new consumer checking customers only, 18 years or older.” It’s said in the terms though.

      • takeoffwithmiles

        October 2, 2015 at 9:14 am

        It would make sense that this offer is for new customers only.
        However, I am going check as it is not clear. I could close my existing account and open a new one.

  3. Erik

    October 2, 2015 at 9:04 am

    “Offers for new consumer checking customers only, 18 years or older.” It’s said in the terms though.

  4. dipan

    October 2, 2015 at 11:52 am

    For the 1099-Misc it would be only applicable when redeeming thank you points worth more than 600 at one item, is that correct?


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