MyCardBlog

Citibank just released a new checking account bonus promotion on Friday. Citi had many promotion offers this year and all of the promotion offers were proved to be true. Indeed, Citibank is a reliable bank to jump their promotional offers. The new promotion code is CY73. You can apply for a regular citi checking account online or by phone at 1-800-374-9500.

How to get the $100 bonus?

• Open a qualifying Citibank regular checking account and fund it with a minimum of $1,000 by 12/31/2008
• Within the first month after your account is opened, make at least one direct deposit into your account or make at least two electronic bill payments from your account each month for three consecutive months

The promotion page can be found here.

Some important information you have to notice within the fine print:

• This offer is only available to Citi cardmembers who are the primary credit card account holders
• Offer is not valid for existing Citibank checking customers
• Checking account must be funded with $1,000 or more by 12/31/2008 and must be in a Citibank Account, Citibank Everything Counts or Citigold account relationship package
• The $100 cash bonus will be deposited to your Citibank checking account within 120 days from the end of the statement period in which you met the qualifying requirements

Although $100 bonus is good, you will find that you have to keep combined minimum $6,000 balance in your citi account (checking, savings, loans and/or credit card account) to avoid monthly fees. When you apply for this account, you should think about this. My previous post has some useful thoughts from Jim Semple.

Good news is there is no hard pull reported during the account opening process.