Newest Citibank Promotions, Bonuses and Offers: October 2020

Citi bank promotions

Citibank is one of the biggest banks in the world, with nearly 700 branches in the U.S. and more than 1,800 overseas, not to mention a network of over 62,000 fee-free ATMs. No matter where you live in the U.S., there’s likely to be a Citibank location or ATM near you.

Like most banks, Citibank runs regular promotions to lure new customers, but many don’t take advantage. A GOBankingRates survey found that more than 65% of participants won’t switch banks for account promotions or sign-up bonuses, which means they end up leaving free money on the table.

Citibank Promotions at a Glance

Several Citibank bonuses for new account holders are available this month. Here’s a brief overview:

Best Citibank Promotions: October 2020
Account Cash Value of Bonus Expiration Date
Citi Basic Banking Package $200 Jan. 5, 2021
Citigold Account Package $1,500 Jan. 5, 2021
Citi Priority Account Package $700 Jan. 5, 2021
Citibank Account Package $400 Jan. 5, 2021
Citi Premier Card $600 None
Citi Rewards+ Card $150 None
CitiBusiness/AAdvantage Platinum Select Mastercard $650 None

Current Citibank Promotions

October’s top bank offers include some pretty hard-to-resist bonuses for personal checking and savings accounts and credit cards. You’ll need to follow specific rules and requirements to earn the rewards, but most are relatively easy to come by. Read on to learn about all of Citibank’s promotions, divided by account type.

Best Checking Account Promotions

The following Citibank checking account bonus offer lets new customers earn a generous cash reward. If you’ve been thinking about switching banks, October might be the right time. Keep reading to find out all the details.

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Citi Basic Banking Package: $200 Bonus

The Citi Basic Banking Package allows you to earn a $200 cash bonus. You are eligible for this offer when you open a new account with at least $5,000 and meet other requirements. Here’s more:

  • Cash value: $200
  • Expiration date: Jan. 5, 2021
  • How to get it: Within 30 days of opening your account, deposit $5,000 in new-to-Citibank funds between the new checking and savings accounts. Then maintain a $5,000 minimum balance for 60 consecutive calendar days.
  • When you’ll get it: You will receive your cash bonus within 90 calendar days after you complete the required activities.
  • Terms and conditions: Must be a new-to-Citibank checking customer and not have been a signer on a Citibank checking account within the past 180 days
  • Monthly fee: $12
  • Promotion page: Citi Basic Banking Package bonus offer

Best Account Package Promotions

If you are looking to earn a Citibank savings account bonus and are in the market for both a new checking and savings account, you have a few options. The following promotions, which include varying levels of cash bonuses, can be quite the padding for your new banking residence.

Citigold Account Package: $1,500 Bonus

Citigold is Citibank’s premier offering, combining a checking and savings account with personal banking and wealth management services and tools. Account holders also get additional perks, such as travel benefits and no fees, and they’re offered a $1,500 bonus for new customers who meet eligibility requirements. Learn more below:

  • Cash value: $1,500
  • Expiration date: Jan. 5, 2021
  • How to get it: Within 30 days of opening your accounts, deposit $200,000 in new-to-Citibank funds between the new checking and savings accounts. Then maintain a minimum balance of $200,000 for 60 consecutive calendar days.
  • When you’ll get it: You will receive your cash bonus within 90 calendar days after you complete the required activities.
  • Terms and conditions: Must be a new-to-Citibank checking customer and not have been a signer on a Citibank checking account within the past 180 days
  • Monthly fee: None
  • Promotion page: Citigold Account Package bonus offer

Citi Priority Account Package: $700 Bonus

The Citi Priority Account Package comes with perks like ThankYou Points for linked accounts, the option to earn interest on your checking account balance and access to financial services. You could also get a $700 bonus when you open a new account with at least $50,000 and meet other requirements. Here’s more:

  • Cash value: $700
  • Expiration date: Jan. 5, 2021
  • How to get it: Within 30 days of opening your accounts, deposit $50,000 in new-to-Citibank funds between the new checking and savings accounts. Then maintain a minimum balance of $50,000 for 60 consecutive calendar days.
  • When you’ll get it: You will receive your cash bonus within 90 calendar days after you complete the required activities.
  • Terms and conditions: Must be a new-to-Citibank checking customer and have not been a signer on a Citibank checking account within the past 180 days
  • Monthly fee: $30
  • Promotion page:  Citi Priority Account Package bonus offer

Citibank Account Package: $400 Bonus

The Citibank Account Package comes with unlimited check writing and no fees for using non-Citi ATMs as long as you meet certain requirements. You can earn a $400 bonus for opening new eligible checking and savings accounts, though you need to make a $15,000 minimum deposit to qualify. Here’s the rundown:

  • Cash value: $400
  • Expiration date: Jan. 5, 2021
  • How to get it: Within 30 days of opening your accounts, deposit $15,000 in new-to-Citibank funds between the new checking and savings accounts. Then maintain a minimum balance of $15,000 for 60 consecutive calendar days.
  • When you’ll get it: You will receive your cash bonus within 90 calendar days after you complete the required activities.
  • Terms and conditions: You must be a new-to-Citibank checking customer and not have been a signer on a Citibank checking account within the past 180 days. No Citibank coupon codes are required.
  • Monthly fee: $25
  • Promotion page:  Citibank Account Package bonus offer

Best Credit Card Promotions

Combining the bank promotions above with one of the following credit card promotions can help you maximize your bonus earnings. You’ll need good credit to get approved for the cards, so make sure those steps are taken before the application process begins.

Citi Premier Card: Bonus Points ($600 Value)

This rewards card changes which categories get double or triple points periodically, but it tends to reward travel. It also doesn’t have any foreign transaction fees. Here’s more on the bonus:

  • Cash value: $600
  • Minimum spend to qualify: $4,000
  • Expiration date: None
  • How to get it: Spend $4,000 within the first three months of account opening.
  • When you’ll get it: Within two billing cycles
  • Terms and conditions: Not available if you’ve received a new cardmember bonus on another Citi card
  • Annual fee: $95
  • Promotion page: Citi Premier Card bonus offer

Citi Rewards+ Card: Bonus Points ($150 Value)

This unique rewards card rounds up to the nearest 10 points with every purchase. You also earn double points at supermarkets and gas stations for the first $6,000 you spend each year and have a 0% annual percentage rate for 15 months on purchases and balance transfers. Here’s more on this Citibank offer:

  • Cash value: $150
  • Minimum spend to qualify: $1,000
  • Expiration date: None
  • How to get it: Spend $1,000 within the first three months of account opening.
  • When you’ll get it: Within two billing cycles
  • Terms and conditions: Not available if you’ve received a new cardmember bonus on another Citi card
  • Annual fee: None
  • Promotion page: Citi Rewards+ Card bonus offer

Best Business Credit Card Promotions

This Citibank business account bonus rewards you for business travel. Here’s more:

CitiBusiness/AAdvantage Platinum Select Mastercard: Bonus Points ($650 Value)

This card offers American Airlines perks like getting your first checked bag free and preferred boarding. You also earn AAdvantage miles with every purchase. Here are the Citibank bonus details:

  • Cash value: $650
  • Minimum spend to qualify: $4,000
  • Expiration date: None
  • How to get it: Spend $4,000 in the first four months after account opening.
  • When you’ll get it: Up to 10 weeks after meeting the requirements
  • Terms and conditions: Not available to those who received a new account bonus from CitiBusiness or AAdvantage Platinum Select in the past four years
  • Annual fee: $99; waived the first year
  • Promotion page: CitiBusiness/AAdvantage Platinum Select Mastercard bonus offer

How To Open a Citibank Account

You can open a Citibank account in person at a retail branch, over the phone or online.

To open a Citibank online account, you must provide the following:

  • Physical U.S. address
  • Date of birth
  • Social Security number
  • Funds for an opening deposit

Should You Switch to Citibank?

Citibank has everything you need in a bank when it comes to branch availability, a variety of different accounts and products, and online and mobile banking options.

However, if you prefer a smaller bank with lower fees and lower minimum deposits, you’ll probably want to look elsewhere. You can explore your options by checking out the newest promotions, bonuses and offers available at other banks.

Levi Leidy contributed to the reporting for this article.

Information on promotions is accurate as of Sept. 22, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Citibank.

This article has been updated with additional reporting since its original publication.

About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.