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Open a Citigold Checking & Get 50K ThankYou Points or 50K AAdvantage Miles & Fund with a Credit Card! Huge Potential Value!

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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. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

citigold checking bonus 50K

Citigold AAdvantage & ThankYou 50K Checking Offers

Update: I also posted a step by step guide to opening a Citigold account. I highly suggest reading the information in this post about the offers and then heading over there to learn about the application process.

Citi has been one of the more aggressive banks when it comes to giving out checking account bonuses. Back in yesteryear they used to consistently hand out 1099s, but it seems they have cooled down on that a bit. Over the past couple of days details have emerged about two pretty amazing new bonuses for opening a Citigold account. Let’s take a look.

The Offers

citigold checking bonus 50K

Earn 50K AAdvantage miles after opening a Citigold checking and making $1K in eligible debit card purchases in the first 60 days and 1 bill payment in 2 consecutive months. Full terms.


Earn 50K ThankYou points after opening a Citigold checking and making 1 bill payment in 2 consecutive months. Full Terms.

citigold checking bonus 50K

Who Is Eligible

  • For the AAdvantage offer you must currently have a Citi AAdvantage Mastercard. An older cobranded Visa card may work as well.
  • For the ThankYou offer you must currently have a ThankYou Preferred, ThankYou Premier or Citi Prestige card.

According to the terms of previous promotions, you can only get a bonus on a Citi checking account once every two years. Others have reported getting bonuses more often however.

How to Open

To open either account, simply visit the Citi website and enter one of the following codes:

  • AAdvantage 50K – 42ERCWNQU6
  • ThankYou 50K – 42ERCZ42PY

Citi only does a soft credit pull when opening a checking account.

Funding the Account

Citi checking accounts can be funded with a Visa or Mastercard up to $100,000. (If you have a credit limit that high!) There are numerous data points suggesting that Barclay’s, Bank of America and Citi cards all code as purchases. I highly suggest seeing this Doctor of Credit post for the latest data points.

When signing up for the account, there will be an option to fund with a credit card. You will be given a paper to fill out that you can either fax or mail in. Others have reported it normally takes a couple of days for the charge to go through.

Monthly Fee & Strategy

citigold checking bonus 50K

The monthly fee for a Citigold checking account is $30. This fee is waived the first two months. I found it took 3 months for my miles to post the last time I took advantage of this promotion. Once the miles/points have posted you can either downgrade to a Basic Banking account which only requires a direct deposit & bill pay to waive the $10 monthly fee or you can cancel the account.

Note: For the ThankYou offer, you must transfer out or redeem your points before closing or downgrading. For the AAdvantage offer, you can downgrade or close the account as soon as the miles post.

Citi Prestige Cardholders

If you have both a Citigold and a Citi Prestige card, the annual fee on the Prestige is reduced by $100 to $350. Even if you have already paid the annual fee, this amount should be adjusted for you. Note that some people have reported that downgrading their Citigold to a Basic Banking after the points have posted, has still allowed them to keep the reduced annual fee.

Possible 1099

citigold checking bonus 50K

As I mentioned before, Citi will send you a 1099 if you receive more than $600 worth of value from the points/miles. For the AAdvantage deal, it is hard to say how they will value the miles. The promotional page does not mention a 1099.

With the ThankYou points, it is very important to keep track and make sure you don’t redeem them for more than $600. For example, Citi Premier cardholders can book flights at 1.25 cents each. This would give you $750 worth of value. That would trigger a 1099. You can of course redeem ThankYou points for gift cards at $.01 each which would amount to $500 in value and should be safe.

My Thoughts

I was already going to open a Citigold checking account in the next week under the old 40,000 ThankYou point offer. Since I have a Citi Prestige card and a card currently giving me unlimited 3X points, I thought it was a great time to open an account and fund it with the 3X credit card. Now with these new offers, I am sort of torn.

Personally I value the 50,000 AAdvantage miles higher than the ThankYou points, but I am worried that they will trigger an automatic 1099. I have no basis for this other than a belief that Citi might value AAdvantage miles at 1.2 cents each or higher. At least with the ThankYou points offer I could ensure I don’t get hit with a 1099. To be fair, a 1099 isn’t the end of the world, however it does cut into the value of the bonus quite a bit.


Both of these offers are fantastic and both are available now. With the ability to earn 50K points plus the option to fund with a credit card, opening a Citigold account might make sense for a lot of people. I know I will be opening one very soon. Combined with the sign-up bonus, credit card rewards and the Prestige annual fee savings, I will personally get almost $1,000 in value from one checking account!

HT: Frequent Miler via Takeoff with Miles

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.

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Shawn Coomer
Shawn Coomer
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

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. You mentioned that for the AAdvantage offer, you can downgrade or close the account as soon as the miles post. They will automatically be connected to my AAdvantage card as long as I’ve entered my account information? Or do I need to transfer them somehow? If so, am I also limited by having to use them within 90 days?

    Also – I am a little confused by funding with a credit card. It sounds great, but don’t my purchases need to be made via debit card? What you’re saying is I can actually fund the debit card with another credit card?

    Lastly – has anyone who entered the code but not been targeted actually received the AA points after doing this?

    • Citi automatically gets your AAdvantage account number from your card account. Once the miles post to your AAdvantage account they won’t be clawed back.

      You can fund the account with a credit card and earn rewards on that card as long as your bank codes it as a purchase.

      Yes in the past many/most people earned the miles even if they weren’t targeted, but I definitely recommend checking with Citi to see if you are eligible just in case.

  2. Fantastic post . I Appreciate the specifics – Does anyone know where my business could possibly find a sample IRS 1099-PATR copy to fill in ?

  3. How long does it take to get the AAdvantage miles in your account after you completed all the required transactions?

  4. I got targeted with a mailed offer and I applied in late october but the account was denied. I got a letter saying it had to do with the information on my Equifax but I have excellent credit and no issues so I have no idea what it could have been. I’m wondering whether to try reapplying- or if I would just get auto denied? Anyone have any luck with that? Or know reconsideration phone numbers?

  5. Hi Shawn!

    I tried applying for the AAdvantage one last night and just now and I keep getting this error:

    Feature temporarily unavailable.

    We’re sorry, but this feature is temporarily unavailable. Please try again later. If you continue to see this message, please call 1-800-374-9700 (TTY:800-788-0002) for further assistance.

    We apologize for any inconvenience and thank you for your patience.

    It happens right after I enter the amount I want to put in from a credit card.

    Any idea? I’m going to call in to new accounts on Monday, but would like to know why this is happening.


  6. seems most people already had the AA credit card. Some were targeted & some weren’t..although most seemed to have received bonus pts.

    If I sign up for the AA Platinum Select now, then apply for the citigold..would it still work, or is it too late?
    Has anyone recently signed up for the credit card, then applied for citigold?

    Or I guess I can sign up for Citi AA Platinum & call before opening CitiGold to see if I am eligible for offer…if not, hopefully they’ll have another promotion within the coming year before annual fee becomes due on the Citi AA Platinum ?

    • I applied for the AA Platinum card on 11/10/2015.

      I am applying for the checking accounts now.

      Though I keep getting errors online. I’m going to call in Monday.

  7. Can I use my Citibank Thank you Premier credit card to fund the account?

    And if so, does anyone know if Citibank would categorize the transfer as a cash advance?

  8. Does anyone know if an auto insurance payment counts as part of the minimum spending? I pay for my whole family so it’d be nice if I can charge my debit to count towards the spending requirements.

  9. Shawn – if I have a Citi Prestige card which also earns TYPs, will I still lose these 50k TYPs if I close the checking account? Or is there a way to merge the TYP accounts and keep them?


  10. Just want to make sure I do this correctly.

    I Have a citi AA Platinum. I didnt want to deal with credit card funding, so I am planning on just doing 1500 in cash deposit.

    180×2 months for one of my car leases as bill pay.
    Fund a Bluebird Gift Card for 1000 dollars using the debit card.

    Question is I should be good to get the bonus correct?

    • Based on the data points of others Bluebird loads should work for the spending requirement. I have done this personally and will confirm the bonus with Citi as soon as my 2nd bill pay is completed on the first of the month. So yes I believe it will work, but I can confirm more in a week or so.

  11. Hi I currently have a citibank basic checking account, would i be able to create a 2nd account (the citigold) and get this offer for 50k TY points/50k Aadvantage points?



  12. Anyone having trouble logging in to citibank or citicards? I activated my new citi gold debit card on Tuesday, and today I can’t log on. I had both my checking and credit linked. I was able to log in on Tuesday, and even set up bill pay etc.

    Here’s the error I got (BTW, called Citi, they had no clue and were no help):
    At least one of your entries does not match our records.

    Update your Citibank online account with your new ATM/Debit Card or Credit Card

    You may have recently received a Citibank ATM/Debit Card or Citi Credit Card with a new number. You may have also changed your PIN by phone or at a branch or ATM. Be sure you are entering your current numbers. For further assistance, Banking customers can call Customer Service at 1-800-374-9700 with error code DA021. Text Telephone(TTY) call 1-800-788-0002. Credit Card customers can call 1-800-347-4934.

    • I had that happen, but the screen was prompting me to enter the new debit number, security code and checking account #. I didn’t know the checking # so I called Citi and they gave it to me.

      • Yeah. i got that too but luckily I had noted down the checking # initially, so I just entered the debit card number and the checking acct # and everything was normal again.

      • Thanks Shawn! It didn’t work for me the first time on Chrome (regular and incognito). After your reply I tried again using Firefox, entered those exact three items, and it worked.

        A small scare. All good now!

  13. Does someone know how long it takes after the phone call for deposit request? I requested on Oct 9(friday) and still do not see the account being funded with my Prestige.

    • It took about 3 days for me. They generally process it in the middle of the night. You can call to confirm over the phone. Your card may have had a fraud alert or something else that prevented it from going through.

  14. the docofcredit link suggests that Bank of American will not treat funding the Citi checking account as a Cash advance. However, I spoke with BOA and they said it will be considered as a Direct Deposit which will be a 3% fee instead of a 5% Cash advance fee. Furthermore, you do not get any air miles from the BOA CC when making this Direct Deposit. None of the posts I’ve read actually disputes this fact, only that it confirms that it is not considered as a cash advance. So really, I don’t see any benefit with using a CC to do the initial funding. Anyone here have success with using a BOA CC? Sounds like only Barclay CC is the one people should be using to do the funding.

    • Banks will often tell you one thing, but it codes differently. I do believe the people on the DoC post have said BofA codes as a normal purchase. Hopefully someone else who has used a BofA card can answer you with their experience though. I don’t blame you for being diligent!

  15. I am really curious what a good approach would be for funding with a credit card. I read everything about setting the CA fees to 0. What I’m having a hard time deciding is how much should I fund? My credit line is around 5k on a few cards. Is there a way I can fund my account with a few cards? Is there a good card to apply for that is notorious for giving you higher credit limits so that I can fund as much as possible with a credit card?

    Thanks for your help

    • It is tough on lower credit limit cards. I believe they will only allow you to fund with 1 card unfortunately. As for getting a high limit, that will really depend on the bank and your personal situation. There isn’t a “golden bank” who will give you a big limit every time.

      • Thanks for the reply Shawn. What card is your go to for bank funding? Do you usually deposit the max allowed?

  16. Shawn, as my wife is not a primary holder of a citi cc that earns TY pts but only an authorized user of my citi premier card, will she earn the 50k pts bonus if open a citigold acct in her name? TIA

    • I believe you have to be a primary account holder to be eligible, but you would have to confirm with Citi. The ThankYou account for your credit card is in your name and not hers which could be the problem.

  17. Hey Shawn. I currently have the Citi AA credit card. However, the annual fee is due next month, and I planned on cancelling it before it hit. If I get this checking account bonus with the offer, will it post if I cancel my credit card in between getting the account and getting the bonus? Should I just eat the $95 annual fee to be safe? Or maybe go for the typ offer instead? Would love to hear your thoughts on this.

    • I believe if you sign-up and confirm the deal with Citi, that they will give you the miles. I haven’t heard of anyone being denied because they closed the card between opening the account and receiving the bonus.

  18. Hi Shawn,

    Thanks for the great article.
    Can I add a family member to my citicard and then open a citigold account in their name? I already opened one in my name. If that’s possible, will the 50,000 bonus miles go also to my aadvantage account, which is the one registered to the credit card?

  19. Hi Shawn,
    I have both the Citi AA Advantage MasterCard as well as the Citi Thank You Premiere card. What would be more valuable to acquire, the AA miles or Thank You points in your opinion?

    • That one is tough. I went for AA miles since I have a need for them, however I was torn. If you don’t have a specific need for the miles, then I would probably go for the ThankYou points, but there really isn’t a wrong answer. I think my wife is going to do it as well and she will go for the ThankYou points.

      • Wouldn’t you agree that one shouldn’t choose TY Points if he doesn’t plan to use the points within 90 days after cancellation/downgrade?

  20. Ah, so close but no cigar. Signed up for this promotion when it was for 40k TYP in June and still haven’t received my points. Figured I’d ask to be matched even if it was a long shot. Online chat CSR said they would make an exception since I hadn’t yet received the points, but I’d have to call. Phone CSR spoke to agents in various departments before letting me know they won’t/can’t match because I already fulfilled the terms of the promotion. What a bummer!

  21. Shawn,

    Great job! Looks like you just opened a new CitiGold again. When did you receive the sign up bonus last time (not open date but bonus received date)? Do you feel confident about getting the bonus again? I received my bonus in 12/2013 and closed the account in 3/2014. I am hoping to re-dip but am afraid it might not be successful. Should I go for it now or wait until Dec (so it would be 2 years)? Thanks for your help!

    • Hey Shawn – Just wanted to get your attention again. 🙂 Were you able to confirm your sign up bonus? What do you think about the WARNING comment in your CitiGold step-by-step post? I am hesitant to open the account again if the bonus is uncertain. Your advice is much appreciated as I need to take action before leaving the country in mid October. Thanks!!!

  22. Hi,
    you mention that you must have you must currently have a ThankYou Preferred, ThankYou Premier or Citi Prestige card for the thank you points options. I have a forward card that earns thank you points. Does it say anywhere this would not qualify? In the terms I was able to find that thank you points credit card is required. Thanks.

    • It most likely would work, but you would need to contact Citi to make sure. My language in the post is cautious, because people have had difficulty with past deals if they don’t have the card for which the deal was targeted. Yes, based on the terms it seems like your Forward card should work, but I couldn’t guarantee it will or won’t either way.

      • Thanks for sharing this, Shawn! I have a similar situation as I have an AT&T card and personally I prefer the 50k TY points offer. Not sure if I am qualified either. And the fact that AT&T card is a co-branded card makes me even more worried. Any thoughts? Thanks.

  23. Great article. When funding with a credit card, how long do I have to keep that originally funding in? Can I fund it then take the whole amount out right away after it posts, to pay off the credit card?

  24. I dont currently have a Prestige card, but this offer is making me think about getting one because of the reduced annual fee. A couple of questions:

    1. If I apply and receive the Prestige card, when does the annual fee hit?
    2. If I appy for the Citigold Checking for the TY points option, when will the $100 credit be generated for my Prestige annual fee?

      • Thanks for the responses. In regards to my second question, what if you have the Prestige card and then apply for the Citigold checking? Will Citi know to credit your annual fee $100?

        I want to be certain to get the credit or otherwise I might apply for the Premier instead.

        • I have the Prestige and opened a CitiGold acct a couple of months ago. First they credited my account a prorated amount of my $450 fee. Something like $418. The day before my Prestige statement closed, they charged the $350 fee. I’ve had my Prestige since late 2014. So, not a full $100 reimbursement in my case.

    • Sorry if this is an uninformed question….could you fund this with the Citi Prestige or the Discover card? Do they register as a cash advance..