Citibank Offers Upto Forty Thousand Thank you Points for Promoting Checking/Saving Accounts

Citibank is promoting checking account and savings account and is coming up with offer in which one can earn up to forty thousand ThankYou points.

This can’t be termed as a hot deal since one has to deposit a fair amount of money to open an account and on top of that one needs to be careful about the fees. But it might seem a good deal for some people.

One needs to fulfill the requirements stated to qualify for the first twenty thousand Thank You points. 

One needs to open a Citibank account or Citigold account by the seventeenth of October of 2010. One has to get ones checking account enrolled in Citi Thank You rewards. Above all these one has to do certain things like doing one direct deposit or two online bill payments or five or more debit card purchases within sixty days of opening the account and this has to be done for two months in a row.

If one wants to earn the next twenty thousand points then one has to do the following things like opening and funding a Citibank Savings Plus Account with at least twenty five thousand dollars within thirty first October 2010. Within sixty days of opening the account one has to do at least one of the following things like one direct deposit or two bill payments online, or purchasing five or more debit cards. It has to be done for three months at a stretch.

There are certain drawbacks for considering this promotion as Forty thousand Thank You points can be exchanged for Four hundred dollars worth gift cards, but give cards are not as good as cash .Moreover a Citibank account asks one to keep a minimum of six thousand dollar combined balance or else one has to pay a fine ranging from nine dollars fifty cents to twelve dollars monthly.

One needs to deposit twenty five thousand dollars for the savings account promo but it was not mentioned anywhere about the time period for which that amount is to be kept in the savings account.

This account does not pay much interest so it is a sheer waste of money to maintain a balance in this account.

There are several cases where many readers have complained that it is difficult to get bonuses out of Citibank and many others have reported of having poor customer service from Citibank.

People should diligently go through all the fine prints of Citibank as it has announced of bringing in some changes in its fees which might help people to avoid shelling out monthly fees.