Citi Offer Extra Card Earning with Priority Banking Package

Citi has sent out targeted offers to some customers giving them earn extra rewards on spending with a Citi Priority Banking Package. You also get 2.36% APY on the savings account which is a decent rate. But doe this combo offer make sense?

Citi Offer Extra Card Earning with Priority Banking Package

Offers

Here’s the offer for the Citi ThankYou Preferred Card:

  • Earn 25% more ThankYou Points with your Citi ThankYou Preferred Card each billing period until 1/31/2021.
  • Open a Citi Priority Banking Package and earn 2.36% APY with your Citi Accelerate Savings Account.

And for the Citi Double Cash card:

  • Earn 2.5% cashback with your Citi Couble Cash Card until 1/31/2021. Get 1.5% cash back when you buy and 1% cash back as you pay.
  • Open a Citi Priority Banking Package and earn 2.36% APY with your Citi Accelerate Savings Account.

Offer Terms

  • Must have a residential address in AL, AK, AZ, AR, CO, DE, GA, HI, ID, IN, IA, KS, KY, LA, OK, ME, MA, MI, MN, MO, MS, MT, NE, NH, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WV, WI, WY, AA, AE, AP, AS, GU, MP, PR or VI
  • Must have received a direct communication or advertisement from Citibank inviting them to participate in this Offer
  • Applicants must be at least eighteen (18) years of age, and provide required U.S. tax certification when opening new deposit accounts as further described below.
  • A monthly service fee of $30 applies to the checking account in the Citi Priority Account Package if you do not maintain a combined average monthly balance of $50,000 or more in eligible linked deposit, retirement and investment accounts.

Guru’s Wrap-up

The Citi Priority Banking Package requires a checking account that comes with a $30 fee that’s not easy to be waived. The savings account doesn’t have any fees and it earns 2.36% APY. That’s not a bad rate, but there’s better options out there. Then you get the extra earning on your cards for about 6 months. Earning 2.5x on all spend is a good deal for big spenders, but probably not enough to justify the Priority Banking Package.

Let me know what you think!

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