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Get 16,000 ThankYou® Points–redeemable for $150 in Gift Cards. Just open The Citibank Account, enroll in ThankYou Network and do qualifying activities. With an enrolled Citibank checking account you have more ways to get monthly reward points for your checking relationship, including online bill pay, direct deposit, savings, and more.
Plus we’ll triple your points

For the first year, we’ll triple the number of points you can get for your debit card purchases and for everyday banking activities linked to your checking.

Separate enrollment of checking account in ThankYou Network required. When enrolled, Citibank offers more ways to receive points for your checking relationship each month which are redeemable for valuable rewards. Enrollment and participation are subject to terms and conditions. Participation limited to customers who are either citizens or resident aliens of the United States (U.S.) with a valid U.S. taxpayer identification number. Taxes, if any, are customer’s responsibility. All bonus points related to both offers may result in your receipt of taxable income from Citibank in the tax year when redeemed.

To qualify for the 16,000 bonus ThankYou Points offer, you must open a new qualifying regular checking account in the Citibank® Account, Citibank Everything Counts® or Citigold® account relationship package by 7/31/08 and deposit at least $1,000 in account between account opening date and 7/31/08. Accounts opened through Citibank Financial Centers must be funded by 7/31/08. Accounts opened remotely via CitiPhone Banking® or Citibank® Online must be funded by 8/30/08. Within 60 days of account opening, you must (1) enroll your new checking account in ThankYou® Network and (2) complete one direct deposit per month, two electronic bill payments or five signature debit card transactions and continue for three consecutive months. Electronic bill payments are those made using Citibank® Online, Citi MobileSM or CitiPhone Banking®, excluding bill payments made to Citibank credit cards and transfer payments made to accounts with Citibank or its affiliates. 16,000 bonus points will be rewarded within 120 days of your satisfying all offer terms; points can be redeemed for $150 in gift cards or other rewards currently available through ThankYou Network.

To qualify for the triple ThankYou Points offer, you must open a new qualifying regular checking account in the Citibank® Account, Citibank Everything Counts® or Citigold® account relationship package and enroll account in ThankYou Network. Your points from both qualifying debit card purchases and your checking relationship will be tripled for twelve (12) checking statement cycles commencing with the second full statement cycle after the statement period in which you enroll the new checking account in ThankYou Network. Monthly points for checking relationship require customer to maintain an active checking account with customer initiating minimum of one credit or debit transaction to the account per statement cycle.

You can qualify for either or both offers but with the same checking account only. Limit one of each offer per customer. Offers can be modified or withdrawn at any time without notice, expire 7/31/08, are not transferable and cannot be combined with any other offers. Existing Citibank checking customers are not eligible. Consumer accounts only.

This is a pretty good offer if you read the fine print new qualifying regular checking account in the Citibank® Account, Citibank Everything Counts® or Citigold® account relationship

That means if get 7 products and a Citigold account you will earn 43200 Thank You points first year(1200 per month X3) + 16000 bonus for a total of 59200 Thank You Points + if you combine this offer with existing 20K Thank You point offer for existing customers that means you will net 79200 after 1 year and if you get lucky they triple the 20k bonus you would end up 119200 Thank You points.

Not a bad bonus for new customers if you ask me.

Edited to correct info.

dolmar said:This is a pretty good offer if you read the fine print new qualifying regular checking account in the Citibank® Account, Citibank Everything Counts® or Citigold® account relationship

That means if get 7 products and a Citigold account you will earn 43200 Thank You points first year(1200 per month X2) + 16000 bonus for a total of 59200 Thank You Points + if you combine this offer with existing 20K Thank You point offer for existing customers that means you will net 79200 after 1 year and if you get lucky they triple the 20k bonus you would end up 119200 Thank You points.

Not a bad bonus for new customers if you ask me.Yeah. Too bad 'existing customers' includes anyone with a banking relationship with Citibank in the past 2 years. I made a good deal off one of their last banking offers so I guess I will have to wait...

I wonder if you have a negative balance on your credit cards if they count it against the 6k minimum to avoid fees *laughs*. At any rate it wouldn't stay negative for long, but still a curious question nevertheless.

Anyone know what the maximum funding (counted as purchase) for these accounts is?

theman2 said:My understanding was that they count outstanding balances on your credit card as counting towards the minimum. So you can do a 0% BT for $6K and not worry about charges until it is paid off. It's weird but I guess they are hoping that you will be paying some fees on the debt owed.

This is true, any kind of account counts, positive or negative. Open a HELOC and dump the money into a CD, it counts twice. If the spread isn't too big it might cost you less than the account fees.

If you've got a large enough mortgage with them, you can have any kind of account they offer and not worry about the minimums.

I guess they figure any kind of balance you have makes money for them.

Very interesting.

The 40k TYP bonus deal expires tomorrow for new customers. Assuming that a 20K existing customer offer is extended/launched that runs past the May 16 deadline, it seems that virtually all new customers would be much better off letting that 40K offer expire, taking this one instead, and then doing the 2-step that dolmar suggested.

I was just about to pull the trigger for Ms. DH on the 40K deal (for which she received a targeted invitation...) now am inclined to let that die and nab this instead.

I'm tired and read this all pretty quickly...if anyone would poke any holes that exist in my thinking here, I'd be grateful.

AM I reading this right that I can open the account with $1,000 and do five debit transactions per month for three months and get the bonus? Like I could buy $1.00 worth of gas five times?

Wait, I'm confused. Why is it better to pass up a 40K offer in order to take this 16K offer plus the 20K offer = total 36K??

sjoy1 said:yea I am wondering this too, how would you earn the 1200 per checking account? and would you be able to open 3 different types of checking accounts?

I didn't understand where the 1200 figure comes from either.

Hmm...$6k tied up for a year is roughly $240 in interest. If you can get 80K points it probably is worth it, but I've found Citi loves to weasel out of things (i.e. 15K sign up a friend Citi Professional where they just ignore me).

edit: probably much higher than 6K because the 7 products many of them will have minimum balances also...

alchemize said:Hmm...$6k tied up for a year is roughly $240 in interest.

Should only be around 7-8 months maximum. 90 days to complete requirements and up to 120 days for TY points to post. Seems you can close account after 90 days w/o any service fees... I'd pretty much close it after I redeem the bonus points.

As for the loss in interest, their Ultimate Savings Account pays 2.25%, so it's only a 1.75% interest loss, assuming getting 4% elsewhere, which isn't bad. If you had the money earning nothing (or 0% BT'ed money in the first place) it works out pretty good.

I'm saving my Citi BTs for next year's student loan payoff, but what mapen said ^^ works as well.