Citi Offering up to $700 Bonus for New Accounts (Targeted)

Citibank is sending out some targeted offers by mail with a bonus of up to $700 for new checking accounts. The highest bonus is not really worth it though. A $300 or $500 bonus might the most appealing offers.

Offers & Requirements

There’s four separate bonus offers in the targeted mailer, each for a different account. You need the unique code provided in order to apply and you need to open account by 3/31/0218. Here’s the bonuses:

• $700 Bonus
  • Open a Citigold Account Package
  • Make $1,000 in debit card purchases
  • Pay one or more bills for two consecutive months
• $500 Bonus
  • Open a Citi Priority Account Package
  • Make $750 in debit card purchases
  • Pay one or more bills for two consecutive months
• $300 Bonus
  • Open a Citibank Account Package
  • Make $375 in debit card purchases
  • Pay one or more bills for two consecutive months
• $50 Bonus
• Open a Citi Basic Banking
• Make $125 in debit card purchases
• Pay one or more bills for two consecutive months

Fees

• $700 Bonus
  • Citigold Account Package requires a monthly balance of $200,000 and it has no monthly fee.
• $500 Bonus
  • Citi Priority Account Package has a monthly fee of $30 that is waived with an average monthly balance of $50,000.
• $300 Bonus
  • Citibank Account Package has a monthly fee of $25 that is waived with an average monthly balance of $10,000.
• $50 Bonus
  • Citi Basic Banking has a $12 fee that is waived with a $1,500+ combined average monthly balance

Guru’s Wrap-Up

You need to have received a mailer with a unique code to apply The $300 and $500 offers are the only ones worth it. The $700 offer requires you to deposit $200K and the $50 offer is not worth the trouble. The $500 bonus also requires $50K to keep account fee free, but you might be able to come out ahead by just paying the monthly fee for a few months and then close account or downgrade it. If you weren’t targeted, then you can go for the public $300 bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses.