American is offering miles for different kinds of checking accounts opened by November 30th.
Sign up with offer code CY9S at http://offer.citibank.com/, or by phone at 1-800-254-8790.
Once you’ve opened an account, within 60 days of account opening make at least one direct deposit a month for two consecutive months, and make purchases as follows with your accounts debit card:
- A Citigold checking account, $750 in charges for 30,000 American AAdvantage miles.
- A Citibank checking account, $375 in charges for 15,000 American AAdvantage miles.
- A Basic Banking checking account, $125 in charges for 5,000 American AAdvantage miles.
Back in the day Citibank checking accounts were amazing for earning miles because you could make your initial account funding via credit card, with no limit up to your credit limit, and the transaction would post with most banks as a purchase rather than a cash advance. I used to use my Chase United card to fund the account, it had an $80,000 limit at the time. And I did this on multiple occasions. That trick is sadly no longer available.
This offer isn’t nearly as lucrative. Especially since a Citigold account requires a $50,000 minimum balance to avoid a $30 monthly fee, meaning that without that you’ll be incurring those fees until you close the account after your miles post. Miles will be posted “within 90 days from the end of the statement period in which you met all offer requirements.”
I’m most interested, in any case, in the 15,000 mile offer because Citibank reports miles to the IRS as taxable when they’re used as signup bonuses on a bank account and when the value is believed to be over $600 to one customer in a year. The 30,000 mile offer will trigger a 1099 form, I do not believe that the 15,000 mile offer will.