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A few months ago, news came out about 2 offers where you could get either 50,000 ThankYou points or 50,000 American AAdvantage miles for opening up a Citigold checking account and meeting a few minimal requirements.
If you hadn’t heard about it or haven’t yet completed it, it does seem to still be ongoing. Miles to Memories has a great walkthrough of how to open up your Citigold checking account. The relevant codes are
- 50,000 AAdvantage miles – 42ERCWNQU6
- 50,000 ThankYou points – 42ERCZ42PY
But the real bonus is that in ADDITION to the 50,000 miles or points, Citibank will let you initially fund your checking account with a credit card!
Drama trying to even OPEN my Citigold checking account
Going to the Citi website, you’re prompted to pick your state
When I put in my state (Ohio), I kept getting this error
I’m not sure why that was, or why it one day finally started to work, but eventually they let me in and I was able to open the account. The important thing is that you do NOT want to try and fund it online – just choose to do that later.
I did that, but when my account was still not set up the next day, I called back in (1-800-745-1534), and the phone rep told me that somehow the application did not go through, so I applied (again).
My first try was with my Chase Freedom card, because it has the largest credit line. I called in to Chase and let them know that I would be making a large “purchase” and was on the phone for what seemed like 100 years as they notated my account. I verified that it would show as a purchase rather than a cash advance, and asked them to lower my cash advance limit to $0, just in case.
Then I called in to Citibank checking and gave them my Chase Freedom card information. The lady told me that it would attempt to fund the next morning at 5:30 a.m.
The next morning, I get an email from Chase:
Guys! I thought we covered this!
A few more hours on the phone and it turned out that
- Chase processed it as a Cash Advance anyways
- They did NOT lower my cash advance limit to $0
- But the cash advance limit was set to $7500, so this transaction was declined
- Calling in to alert the bank to a large purchase seems to do nothing
In the end it was good that it was declined, since the cash advance fees on $36,000 would have been way more than I would want to pay
Trying to fund my Citigold checking account, take 2
Reviewing the list of which banks count checking account funding as a purchase vs. cash advance, I decided to go with my Bank of America Alaska Airlines card. Reading the Miles to Memories post about combining Bank of America credit limits, I took my 3 Alaska Airlines cards and put all the credit limit on to one of them. It was a very painless phone call – quite easy to do.
Citibank’s new checking account funding department is closed on the weekends, so I will give it a try again on Monday.
Wish me luck out there!
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