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.