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Citigold Credit Card Funding Dead
Over the past few months I have written about a few different lucrative checking promotions from Citibank. While the details of each offer have differed, Citi has basically been willing to give 40K-50K AAdvantage miles or ThankYou points to customers who sign up for a Citigold account and perform various tasks. That was nice, but it wasn’t even the best part.
In addition to the sign-up bonus, you could also fund the bank account with a credit card up to $100K. While some banks like Chase saw this funding as a cash advance, many other banks didn’t. This meant you could earn credit card rewards on the funding amount as well as the sign-up bonus. Citi even let savings accounts be funded with credit cards as well. (Even though those don’t have sign-up bonuses.)
Change of Policy
As of today it seems Citi is no longer accepting debit/credit cards for bank account fundings. While you may still be able to get a sign-up bonus for select accounts during varying promotions, you won’t be able to earn credit card rewards for funding that account.
Here is what I have been able to find out:
- This change apparently went into effect today.
- There are data points on Reddit, Flyertalk and in the comments on Doctor of Credit.
- While most people were having trouble funding Citigold, this change apparently affects savings accounts as well.
The ability to fund a Citi bank account with a credit card seems to have died. It was a very lucrative opportunity and one I was surprised stuck around for so long. Hopefully many of you were able to fund your accounts before this change went into effect. If you weren’t, the sign-up bonuses are still very good deals on their own if you qualify.
Have you spoken to a Citi CSR today about funding? Do you have any data points to add? Please share in the comments.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.