"Fees could reduce earnings. Regular account charges apply"

Are there any monthly/annual fees for the MM account?

lhendricks92 said:OP, thanks for posting.

chevauchee said:20,000 ThankYou Points will be awarded within 120 days from the date of satisfaction of offer terms. Customer must redeem points within six (6) months after receipt of written confirmation that the promotional qualifications have been met to receive one (1) round-trip airline ticket to anywhere in the continental U.S., valued at up to $400.

6 months? How quickly do TY Points normally expire?

I noticed that the sign-up bonus points earned through the AT&T Universal card expired in 6 months. I was surprized to see that happen, because most of the expirations were showing 2010, 2011, 2012. I guess some sign-up bonuses expirer sooner.

I don't get what you mean by "They just revert to regular Thank You points".

What's the difference between "regular" TY points and the points we get for the first six months? I don't think it matters where the TY points came from. As long as there are enough TY points in my account, I am able to redeem them for fixed point flights (done this twice so far).

This is the relevant section: 20,000 ThankYou Points will be awarded within 120 days from the date of satisfaction of offer terms. Customer must redeem points within six (6) months after receipt of written confirmation that the promotional qualifications have been met to receive one (1) round-trip airline ticket to anywhere in the continental U.S., valued at up to $400. Points required for this promotion are subject to increase after this time as provided in terms and conditions.

I think what this means is that (and maybe this is what you meant too): If you are redeeming the 20k points within 6 months of receiving them, they can redeem at the rate of up to $400/20k points. After this time is over, the maximum $ value of tickets you can buy with the 20k points can change.

Am I reading this right?

The brochure in CA specifies to open a new checking account. Does this mean new customers only? Can I get a second checking account?

vwet9394 said:The brochure in CA specifies to open a new checking account. Does this mean new customers only? Can I get a second checking account?
No
Also it does say "existing Citibank Checking customers are not eligible." on my flyer

Citi bank is having huge writedowns > $10B from the mortgage market. So they need money injection from outside.

If they get money from commercial bank, it is much cheaper than borrowing from financial market. Usually they have to sell some stocks or options to the lender.

Now they are betting that customers won't withdraw the money too quickly so that they can use those money to save themselves. Air tickets are one way to attract customers.

By the way, customers won't lose anything since all are insured by FDIC.

stone701 said:I opend a citi EZ checking w/o a promotion code and closed it a long time ago (before knowing fatwallet)
So am I an existing customer?

Citi can answer your question (1-866-424-5335)

Here are the terms and conditions I have: pretty complicated! Changes of having to call Citi - probably 100% .

Key points:
* You need to have $26k, $25k for MM+ and $25 for a checking account.
* The citibank account has a $6k minimum and that includes Credit Card balances. $12.50/mo fee otherwise!
* You get the points after 3 months.
* No minimums in MM+ account.

Question: Has anyone tried to fund this via credit card to earn the extra 1-2% there?

As a valued Citi Cardmember, you can get
2 round-trip airline tickets to any city in the continental U.S., courtesy of Citibank.

The Citibank Money Market Plus Account not only rewards you with a great rate, but now it can get you 2 round-trip airline tickets. The tickets can be yours with 40,000 ThankYou Points, redeemable through ThankYou Network, our no-fee rewards program.
How to make it happen:

1. Open a Citibank regular checking account, link it to a new or existing Citibank Money Market Plus Account and complete qualifying banking activities.*

2. Deposit $25,000 or more into the Citibank Money Market Plus Account, fund your checking account with $1,000 and enroll it in ThankYou Network.

3. Get your 2 round-trip tickets (up to a $400 value each) by redeeming your 40,000 ThankYou Points.

print this email

Act now - offer ends March 31, 2008.
To get your 2 round-trip tickets and make your money work harder, stop by your local Citibank Financial Center or call : 1-866-914-0536 and mention Code: CYFC.


* This offer is only available to individuals to whom this communication is addressed, and is only available at a Citibank Financial Center or via CitiPhone Banking®. To qualify for this offer you must deposit a minimum of $25,000 into a new or existing Citibank® Money Market Plus Account and open a new regular checking account with minimum $1,000 deposit in a Citibank Account, Citibank Everything Counts® or Citigold® account relationship package. Accounts must be opened by 3/31/08. Accounts funded through Citibank® Financial Centers must be funded by 3/31/08 with funds not currently held at Citibank or its affiliates. Accounts funded remotely via CitiPhone Banking® must be funded by 4/30/08 with funds not currently held at Citibank or its affiliates. Customer must within 60 days of account opening (1) enroll their new checking account in ThankYou® Network and (2) complete at least one direct deposit to, or at least two electronic bill payments from, the checking account each month 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.

40,000 ThankYou Points will be awarded within 120 days from the date of satisfaction of offer terms. Customer must redeem points within six (6) months after receipt of written confirmation that promotional qualifications have been met to receive two (2) round-trip airline tickets to anywhere in continental U.S. valued at up to $400 each. Points required for this promotion are subject to increase after this time. Points can be redeemed after this time as provided in terms and conditions. Tickets do not include applicable taxes, fees and surcharges which must be paid by customer at time of redemption. ThankYou enrollment and participation is subject to terms and conditions. Participation limited to United States ("U.S.") citizens or resident aliens with a valid U.S. taxpayer identification number. Customer is responsible for taxes, if any.

The entire balance in a Citibank® Money Market Plus account earns the same Annual Percentage Yield (APY), determined by the balance in the account. A balance under $10,000 earns a 1.25% APY, a balance of $10,000-$24,999.99 earns a 1.75% APY, a balance of $25,000-$49,999.99 earns a 3.00% APY, a balance of $50,000 or more earns a 3.25% APY. APYs are variable, current as of 02/12/08 and are subject to change at any time. Fees could reduce earnings. Regular account charges apply. All accounts are subject to approval.

Offer can be modified or withdrawn at any time without notice, expires 3/31/08, is not transferable and cannot be combined with any other offer. Limit one offer per customer. Existing Citibank checking customers are not eligible. Consumer accounts only.

©2008 Citibank. Citibank, N.A. Member FDIC. Citibank, Citi with Arc Design, Citibank Everything Counts, Citigold, ThankYou and CitiPhone Banking® are registered service marks of Citigroup Inc. Citi Mobile is a service mark of Citigroup Inc.

Checking and money market accounts are offered by Citibank, N.A., an affiliate of Citibank (South Dakota), N.A. the issuer of your credit card.

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FOR PERSONAL BANKER USE ONLY
1. Go to the CBNA website; click on "Acquisition/Retention"; choose "Direct Mail Campaign System" from drop-downmenu (or enter Citibank keyword "DM"). 2. Click on the image/thumbnail entitled "Citi® Cardmember Email 2/26/08." 3. Enter your Financial Center information and Customer's First Name, Last Name and Zip Code. 4. Click on the green button after the customer information and offer appears. If multiple records appear, click on your customer's record and then click on the green button. 5. Proceed to Concierge/OSRO account opening session.

Another question for anyone who has done this is: I'm pretty sure Citi pulls credit on opening those accounts - which agency do they pull?

xxjt and andhravala,

Can you please tell what sort of bank accounts you had with citibank(if any) before you got this offer?