It appears that Citibank is getting serious about wanting new people to sign up for its Citigold checking account. There is a limited time to apply for the checking account and take advantage of the offer. For those who open a new Citigold checking account before the deadline, the bank promises to give up to $500 cash back.
Although there is limited time to apply for it, applicants have until June 30, 2010 to sign on the dotted line. Getting the $500 cash back, however, provides the new card owners with a full five months – through November 30th – to make qualifying purchases. Each of these will earn 5% cash back.
In order to be able to get the full $500 cash back, there are some requirements. The first one is that new Citigold card owners will need to put a minimum of $500 per month in purchases each month on the credit card.
The only purchases that will count are signature purchases made when the card is used as a debit card. Any purchase that requires a PIN number to be entered is disqualified.
There are four types of purchases that will qualify toward the $500 minimum requirement. This includes purchases that are made in the store and the choice of “credit” is selected, and then a signature is given; purchases for low dollar amounts that do not require your signature to be given; purchases that you make online, by phone, or through mail order; and purchases made with a Citibank Debit MasterCard with PayPass will also qualify.
The rebate will be put on the monthly checking statement. It will appear there in the month following the time period when the purchases are made.
In addition to the cash back, Citibank is also giving one Thank You Point for every $2 that you spend on qualifying signature purchases. These points can be used to purchase many different things, which includes travel, necessities and gift cards for purchases of gas and groceries. New Citigold checking account owners will need to enroll in the Thank You Network program in order to benefit.
This offer is only good in the United States and to its citizens, and resident aliens may also apply. All applicants must have a valid taxpayer number, and cannot already have an account with Citibank.
Citibank is a large bank that has more than 200 million accounts for its customers. These accounts are spread throughout 100 different countries. The bank is located in fourteen different states, and is headquartered in Las Vegas, Nevada.