I received a mail offer from Citi with bonuses as high as 60,000 ThankYou points for new checking account. The offer contain a unique code, so you must have received one in order to qualify. Even though the highest bonus is 60K, bonuses that make sense applying for go up to 50K. Offer expires on 6/30/2018.

Bonus Requirements

There’s 4 different offers for different accounts:

• Open a new Citigold account and earn 60,000 ThankYou points after you make $1,000 in debit card purchases and 1 or more bill payments for 2 consecutive months.
• Open a new Citi Priority account and earn 50,000 ThankYou points after you make $750 in debit card purchases and 1 or more bill payments for 2 consecutive months.
• Open a new Citibank account and earn 30,000 ThankYou points after you make $375 in debit card purchases and 1 or more bill payments for 2 consecutive months.
• Open a new Basic Banking account and earn 5,000 ThankYou points after you make $125 in debit card purchases and 1 or more bill payments for 2 consecutive months.

Debit purchases and first bill payment must be completed within 60 days.

Eligibility

Offer is only available to those who are targeted.

Must not currently have or have had an account a Citibank consumer checking account within last 180 calendar days.

Fees

The Citigold account for the 60K bonus requires an average monthly balance of $200,000. The Basic Checking account also has a very small bonus so it’s not worth the trouble. So let’s look at the other two options.

The 50K TYP bonus I think might be the best option. The account has a $30 monthly fee (waived with $50K balance), so you will have to pay a few months worth of fees until you get the bonus. Most likely it will cost you $90-$120.

The other option would be the 30K TYP bonus. The Citibank account has a $25 fee waived with $10K balance. You’ll just forfeit you interest that you might be getting somewhere else.

It also might be worth asking to have a month’s fee waived. Bank will do that for customers occasionally.

Guru’s Wrap-Up

These are good bonuses from Citi if you’re looking for some extra ThankYou points, but you need to have received a mailer with the offer and have that unique code.