Get Started

Learn more about Credit Cards, Travel Programs, Deals, and more.

Citi to Offer New Digital Savings Account with Bonus Miles

This post may contain affiliate links - Advertiser Disclosure. As an Amazon Associate, we earn from qualifying purchases.

citi digital savings

Citi to Offer New Digital Savings Account with Bonus Miles

Citi is planning to offer a new savings account aimed at frequent travelers. This will be a digital savings account for cardholders of its American Airlines co-branded credit card. It will be a high-interest online savings account and will launch early next year.

The best part of it, is probably the bonus. To entice customers, Citigroup will offer up to 50,000 in miles as a signup bonus and a 25% boost on miles earned through the card (capped at the first $50,000 spent.)

The new digital service will be named the Citi Miles Ahead savings account and will be available only in areas where Citigroup doesn’t have physical branches.

The bank has not yet determined the interest rate it will offer on the new account. But if it is anything like the recently launched Citi Accelerate account, we could see rates of about 2% or more.

Looks like a promising offer for Citi AA cardholders. If the rate is competitive and the 50K bonus miles could be acquired without huge deposits, then it’s definitely something to keep an eye out for.

Hat Tip: CNBC

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

Lower Spend - Chase Ink Business Preferred® 100K!

Chase Ink Business Preferred® is a powerful card that earns 3X Ultimate Rewards points in a broad range of business categories on the first $150K in spend per year. Right now earn 100K Chase Ultimate Rewards points after $15K $8K spend in the first 3 months with a $95 annual fee.

Learn more about this card and its features!


Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

1 COMMENT

  1. Thank you, Danny!
    Any idea if the miles will be reported to the IRS as “income” at a ridiculously inflated valuation of miles?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related

7,703FansLike
9,903FollowersFollow
16,444FollowersFollow