Or, consider other cards for 50,000 more miles or points that transfer into United miles with additional flexibility for your everyday spending.
$1,000 toward travel or transfer to United, Southwest, and more.
Citi® Hilton HHonorsTM Visa Signature® Card - no annual fee.
Get 40,000 Citi ThankYou points when you open a new Citigold checking account.
How to get it
You must open the account by March 31, 2015, then within 60 days make one bill payment each month from the account for two consecutive calendar months. You’ll receive the points within 90 days of the end of the statement period in which you complete the 2nd consecutive bill payment.
The deal is targeted to holders of existing ThankYou credit cards, though you can visit a branch or call 866-422-1475 and you may find the offer available, though officially you need a specific offer code.
Citi will report your bonus to the IRS if it deems you earned $600 or more in bonus value this calendar year. This particular deal is valued by Citi at $400, which is the value you’d get if you redeemed for gift cards. So if you don’t plan on getting other ThankYou checking bonuses you’re in good shape with just this one deal.
However if you choose to redeem for something of higher value, for example American or US Airways airfare via the Citi Prestige, which gives your points 1.6 cents in value, you’ll earn $640 in rewards. That might trigger the 1099 to the IRS.
A transfer out of ThankYou points to one of its transfer partners like Air France Flying Blue, Singapore KrisFlyer, or Virgin Atlantic, likely won’t trigger a value higher than $400 as there is no evidence of the cash value of your redemption in that case.
Here are the rest of the terms and conditions:
Is it worth it?
A Citigold account has a monthly fee of $30, but that’s waived if you keep $50,000 or more in Citi deposits.
If you don’t want to make those types of deposits, you’ll probably have to pay the fee for about 5 – 6 months, or $150 – $180 worth of fees for a $400 or larger payout.
This is a deal that comes and goes, though it’s the first we’ve seen it since Citi added real airline transfer partners to the ThankYou program.
There’s no hard credit inquiry involved, so if you’re willing to go through the hassle of staying on top of the bill payments and getting points credited, it’s a way to nicely pad your existing ThankYou points account with even more points, especially if you plan to take advantage of airline transfer partners.
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Foreign Transaction Fee Waived
Points Can Transfer to Airline Miles ?
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