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Effective Today: This Way to Meet Minimum Spending Requirements No Longer Works

Effective Today: This Way to Meet Minimum Spending Requirements No Longer Works

Million Mile SecretsEffective Today: This Way to Meet Minimum Spending Requirements No Longer WorksMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

I have bad news if you’ve been thinking of opening a Citigold checking account and funding it with a Visa or MasterCard to help meet minimum spending requirements.

Via Reddit, many folks are reporting that Citi will NO longer allow you to fund your initial Citigold checking deposit with a credit card.

But you can still earn 50,000 American Airlines miles (or 40,000 Citi ThankYou points) when you open an account by March 31, 2016, and meet certain conditions.

Effective Today This Way To Meet Minimum Spending Requirements No Longer Works
Citigold Checking Account Funding Is NO Longer a Way to Meet Credit Card Minimum Spending Requirements

Congratulations if you were able to get in on the deal before Citi changed their policy!  This is a good reminder that great deals don’t always last!  So it’s important to jump on them while you can!

What’s Happened?

Link:   How to Meet Minimum Spending Requirements (and Earn 50,000 Bonus Airline Miles!)

Link:   Citigold Reddit Thread

Until recently, Citi has allowed folks to fund a new Citigold checking account with a Visa or MasterCard (up to $100,000).  As long as your credit card didn’t treat the transaction as a cash advance, this was a terrific way to meet minimum spending requirements and earn miles, points, or cash back.

According to numerous reports on Reddit, Citi will no longer allow account funding with a credit card.  Instead, you’ll have to fund your initial deposit with another method, like a mobile check, or over the phone with a checking account and routing number.

Effective Today This Way To Meet Minimum Spending Requirements No Longer Works
Don’t Cry! Some Folks Can Still Earn Bonus American Airlines Miles or Citi ThankYou Points From This Deal If They’re Eligible

I spoke with a representative from Citi and they said this change took effect today.

That said, new account holders can still earn 50,000 American Airlines miles (or 40,000 Citi ThankYou points) when they open a Citigold checking account by March 31, 2016 and meet certain requirements.  This is technically a targeted offer, so check out this post for all the details.

And if you’re looking for other ways to meet credit card minimum spending requirements, this post has lots of ideas!

In our hobby, good deals come and go frequently!  But I’ll always let you know about the next great deal!

Bottom Line

Effective today, you can no longer fund a new Citigold checking account with a credit card.  But you can still earn bonus American Airlines miles or Citi ThankYou points when you open a new account by March 31, 2016, and meet certain conditions.

Some folks fund new bank accounts with a credit card to help meet minimum spending requirements.

Great deals don’t usually last long.  But I’ll be sure to let you know when there’s a new one!

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

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Chase Sapphire Preferred® Card

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  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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BobG. I also fought the fact my welcome packet said you can fund with a credit card. And my rep TOOK my credit card and I only asked to put 7000 on it (nothing crazy). They accepted the card and took all the info, I got my welcome packet but noticed my balance was zero and my card was never charged. When I called they said their policy had changed and the rep should not have taken my credit card. I was transferred to a ia higher supervisor twice. Always told, “sorry, you cannot use a credit card”. Finally was told my case went to appeals. Just to get a letter a week later saying, “sorry, you cannot use a credit card”.

Beyond frustrated. Planned to use this account after downgrading. Now, just gonna wait until I get my bonus points, then downgrade, and then close a month later. I’m done with citibank. Also cancelling my costco card they are automatically sending me. And closing the rest of my citi cards. Chase is just so much better to do banking with.

Does this include funding a Citi savings account too?

Dang, I got caught in the middle of this. Ready to fund my new CitiGold checking today Feb. 11 with Virgin Atlantic Mastercard (12K), only to find that the credit card option disappeared. I complained to a funding supervision, and he said, “No exceptions, no appeals.” My welcome packet promises that I can fund by credit card. Anyone think this would be worth taking to a banking regulatory authority (not sure exactly who–maybe you can suggest)? It could be seen as a bait and switch. They promised in writing that I could fund my new account with credit card and then withdrew that option.

Im looking for new ideas too. Need about 40k more arrival points to pay for a trip im taking in July. Any pointers?

Well, now I’m thankful I at least decided to pull the trigger on the new Citigold account in December w/ credit card funding. Had been dragging my feet on doing it for quite a while.

(BTW, a heads up to others who open the Citigold account: If you decide to use the checkbook they send you, be aware that it requires activation before the checks can be used. Found that one out the hard way.)

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