Citibank Accounts Package Changed in November
There are 4 types of Citibank Accounts that could earn you ThankYou points every month:
- Citi Private Bank Account
- Citigold Account
- Citi Priority
- Citibank Account
The Citi ThankYou Rewards chart is a bit confusing. I found that Citi ThankYou points calculator is more helpful and can let you know how much you earn every month by picking the Citibank relationships that you have with Citibank.
Call 1-888-CITIBANK for more information if needed.
Minimum Balance Requirements Raised
The minimum requirement for each banking package has also changed. Citigold Account used to be $50,000 + average combined balances among the linked accounts. Now requires $200,000+ to quality, otherwise, monthly service fees of $30. I would suggest you call Citibank to review your linked accounts and place yourself into the right banking package to avoid paying monthly service fees.
ThankYou points earn from Citi Banking relationship are not transferable to airlines loyalty programs. In the past, I considered those ThankYou points as interest earning from the accounts, and redeemed them for gift cards. Now as interest rate will increase and Citibank is lowering their Citi ThankYou points payout. In addition, Citibank took away their ThankYou card bonus offers months ago. Seems like it is getting difficult to earn Citi ThankYou points.
I would focus more on Chase Ultimate Rewards since they came out some new cards, like Chase Sapphire Reserve, and Chase Ink Business Preferred. There are more opportunities to earn bonus Ultimate Rewards.