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

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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!

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