[Expired] Citi Checking Bonus – 40,000 American Airline Miles

Deal has expired, view more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: 40,000 miles
• Availability: Nationwide, must have American Airlines account
• Direct deposit required: No
• Additional requirements: Deposit $15,000 and maintain that for 60 days
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: None
• Monthly fees: $25, avoidable
• Early account termination fee: None
• Household limit: None
• Expiration date: July 31st, 2019

The Offer

Direct link to offer

• Citi is offering a bonus of 40,000 American Airlines when you open a new Citibank Account Package and complete the following requirements:
  • Deposit $15,000 within 30 days of account opening and maintain that balance for at least 60 days

The Fine Print

• For Citibank’s Retail Checking 40,000 AAdvantage® miles Offer (“40,000 AAdvantage® miles Offer”), “Eligible Customers” are (1) New-to-Citibank Customers, (2) who enroll in the AAdvantage® 40,000 miles Offer, (3) are at least eighteen (18) years of age, (4) have a valid W-9 or W-8BEN on file with Citibank and are not subject to back-up withholding, and (5) have an AAdvantage® account held in their name. “New-to-Citibank Customers” cannot be current owners of a Citibank consumer checking account or have been an owner on a Citibank® consumer checking account within the last 180 calendar days before enrollment.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Citi Account Package $25 Monthly Fee (30,000 mile Bonus)

• The Citibank Account Package needs $10,000 in combined average monthly balances to remain fee free. Otherwise, there is a $25 monthly fee.

Early Termination Fee

In the past, Citi has not charged any ETF, and none is mentioned for this offer.

Our Verdict

We’ve seen a 30,000 mile bonus before and there is a 75,000 mile targeted bonus as well, although this 40,000 mile bonus is in line with the requirements for the 60,000 mile bonus on that offer. There is also a public bonus for up to $600, although the requirements matching this 40,000 mile bonus are for $400 ($500 with a direct deposit). I’ll just ignore the targeted bonuses as obviously they are better if you’re targeted. Some people will prefer $400/$500, whereas others will prefer this 40,000 mile offer.

Hat tip to reader Aaron D

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