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Citi Bank is advertising its new Checking, Money Market and Credit Card promotion on its home page. According to the promotion details, you can get up to $225 gift card from Citi Bank after finish required banking activities. The $225 gift card will be awarded as thankyou points which can then be redeemed as gift cards. We haven’t seen such a huge promotion from Citi for a while. I think this is a great chance for those who want to get sign up bonuses from Citi.

The link to the promotion page is here. As I mentioned at the first beginning, Citi will give you bonus thankyou points instead of cash this time. The bonus thankyou points can be redeemed through thankyou network. For example, 10,000 thankyou points can be redeemed for a $100 gift card. Following is copied from the website:

Open a qualifying Citibank checking account with ThankYou Network and get bonus ThankYou Points when you perform eligible activities. Get additional points when you open a qualifying Money Market Account. Earn even more when you apply, get approved and perform eligible activities with a qualifying Citi Credit Card. And since you can get monthly ThankYou Points for everyday banking activities, the rewards keep adding up.

It’s apparent that you have to perform all three different banking activities to get the $225 gift card. If you just finish one or two of them, you will only get part of the bonus. Here is the detail:

1. 10,000 ThankYou Points for opening a regular checking account and make $1,000 deposit before 03/31/2009. And you also have to (1) enroll your new checking account in ThankYou Network in 60 days and (2) complete one direct deposit, two eligible electronic bill payments or five signature-based debit card purchase transactions per month for 3 consecutive months.
2. 3,500 ThankYou Points for meeting the checking account offer requirements and opening a new Citibank Ultimate Money Account by 3/31/09 with a $100 minimum opening deposit and link it to the new checking account.
3. 10,000 ThankYou Points for the Citi Diamond Preferred Rewards Card which requires making at least $100 in purchases for the first 3 months of account opening.

Over all, you can get 23,500 bonus thankyou points for completing the required activties. The deadline for this promotion is 03/31/2009. As a reminder, please save the webpage of this promotion.