16,000 Thank You Points for Citibank Checking Account

Citibank is offering 16,000 Thank You Points for opening a new checking account by July 31 and funding it with at least $1000 (if you open the account online you have until August 30 to fund with that $1000).

Additionally,

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.

Citi is promoting the 16,000 Thank You Points as worth a $150 gift certificate. But if you link your checking account to a Thank You Points account that is eligible to use the fixed redemption chart (eg one of the premium credit card-linked accounts or an Expedia-linked account) then each Thank You Point can be worth 2 or 3 cents apiece.

And up to $480 for funding a checking account and doing a few direct deposits or bill payments is pretty good.

But if you’re not going to keep a decent balance with Citi then you may be looking at some fees which eat away at the bonus, so be sure your banking situation makes sense here.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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