WHOA! Citibank Offers 30,000 American Airline Miles To Open Bank Account (targeted)

Let’s get straight to the point…some of the links on this site pay 1TattedPassport a referral bonus for anyone that is approved. For our complete advertising policy and details about our partners, please click HERE. Although using the links are completely optional, we are eternally grateful when you do.

Similar to most people, I don’t like “junk mail.” I have an adjusted filter on my email that sometimes works too well (read: if you sent me something and I haven’t responded, that’s why).

Ironically, this morning my filter did not flag an email as spam…and I’m glad it didn’t.

OFFER DETAILS

This morning I received an email from Citibank with the following offer:

MY THOUGHTS

Yes, Citibank is offering me 30,000 American AAdvantage miles for opening a business checking account before October 31 and spending $1000 on the associated debit card.

I’ll keep this short…I’m all in! This is a phenomenal deal given that I have 60 days to spend $1,000. The email, specifically, says the offer is available “in branch only” versus opening the account online. I’m curious how the bank would be able to determine if I did in fact receive this offer or was just someone saying they were targeted for this offer. Regardless, the account does not have a monthly fee, early account termination fee, or any additional requirements.

I value American AAdvantage miles at 1.4 cents thus 30,000 miles is worth $420. However, I you can extract much more value (and you can to) from 30,000 miles. Here’s a few simple examples:

Anyone interested in flying to Hawaii for $5 (albeit in economy)…

Anyone interested in flying to London for $5 (albeit in economy)…

Consider this, most of the AA credit cards offer (AT LEAST) 50,000 miles for a welcome bonus. Opening this bank account and earning the welcome bonus on one credit card would easily give me enough miles to fly First Class to London (30k+50k = 80k). Though, I can think of a more aspirational redemption with 80k miles.

Anyone interested in visiting two continents and flying Qatar Qsuites (arguably the best business class in the world)?

FINAL STAMP

It pays to read those pesky emails from hotel, airlines, and credit card companies. Citibank is offering me 30,000 miles for opening a bank account and it’s rare to see a business checking bonus from Citi. If my memory serves me correctly, the last one was offered in 2017.

As a small business owner, I shouldn’t have any problem meeting these requirements.

I don’t know how I am going to redeem the miles from opening the bank account but I have more than 50,000 already in my account so:

  • Los Angeles (LAX) – Capetown, South Africa (CPT) = 75,000 + $15
  • New York (JFK) – Male, Maldives (MLE) = 70,000 +$15
  • Chicago (ORD) – Zanzibar, Tanzania (ZNZ) = 75,000 + $15

…sound really appealing (after it is safe to travel again & hopefully in Qsuites). The options are endless!

A few days ago, I wrote about the credit cards that I am most interested in applying for. All of a sudden, #2 on the list looks even more appealing.

Imagine how many tickets I could’ve bought to New Zealand with 30,000 miles? 🤣

Have you checked your email for this targeted email? Where would you go with 30k miles? Where would you go with 80k miles?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s