The Citibank Account
from Citibank
Featured FiDeal
What Would You Do for 16,000 ThankYou Points?
Citi is currently offering 16,000 ThankYou points - good for a $100 cash reward or $150 in gift cards - as well as triple points for the first year to new customers who sign up for the Citibank Account or other higher tier Citi checking accounts.
To get both deals , you are required to:
- Open a checking account by the end of August.
- Be a new customer.
- Fund the account with $1000 by August (or September for online accounts).
- Enroll your Citi products - savings accounts, CDs, lines and loans - in the ThankYou Network.
- Do at least one of these each month for the first three months: one direct deposit, two electronic bill payments, or five signature debit card transactions.
Sounds okay so far, but hang on before you sign up. This catch is big. If you don’t keep up a $6,000 minimum balance across all of your Citibank accounts, you’ll get hit with a monthly fee ranging from $9.50 to $15, depending on state.
There's also a $.50 fee per check and $1.50 fee for non-Citibank ATMs. Suddenly those 16,000 points don’t look so great.
And if you sign up for the interest checking account, you’ll only be getting a mere .25% yield. If you can keep your balances totalling above $6,000 all of those fees will be waived.
The triple points, well, those go to anyone who signs up for the Citibank Account and have at least one credit or debit transaction a month.
This deal almost feels as contrived as Reward Checking Accounts !
About The Citibank Account
The Citibank Account Reviews
Ari's Rating
Staff
I'm really not a fan of checking accounts that have fees. Citi is currently promoting this deal everywhere to bring in new customers, but it's only for its higher tier accounts.
So, they are revving up your rewards for a year and giving you $100 cash upfront. For someone who maintains a $6000 checking balance, you'd have to do a lot more to get them to switch.
How likely are you to recommend The Citibank Account to a friend?
Question about Checking Accounts?
Post a question to Ari, our Checking Accounts guru.
Ari answered judy's question:
Staff
I posed this question to Citi. Remember that the account in Ecuador will be... Read More »
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