Citi Priority Package Review (2024.10 Update: $500 Offer)

physixfan 2024-10-16 2024-10-16

2024.10 Update: The $500 offer is extended to 1/7/2025.

2024.1 Update: The new offer is $500 with $30k deposit.There is also a new change: the 0 monthly fee requirement for Citi Priority has been lowered from $50k to $30k.

Application Link

Benefits

$500 sign-up bonus! Please read below for the requirements to get this bonus.Offer ends on 1/7/2025.
There is a monthly maintenance fee of $30.You can avoid this by keeping a monthly balance of $50,000.
If you meet the above conditions to avoid the monthly fee, you can also use non-Citi ATMs for free.
No early termination fee.
You can close your account at any time, but we recommend you convert your account to the Citi Basic Banking package to avoid the high monthly balance requirement.
If you have Citi Priority checking account, the annual fee of Citi Prestige will be lowered from $450 to $350.The $350 annual fee remains even if you close your Citi Priority account thereafter.[Update: No longer works]

Bonus Requirements

This bonus is only available for new clients.Those who currently have a Citi checking or savings account, or have closed an account within 180 days are not eligible for this offer.
Those with a Citi credit card are not exempt from these rules.
Deposit New-to-Citibank Funds into your new checking account within 20 days of account opening.Maintain the required minimum balance in your eligible account for an additional 60 days from the 21st day.See the following table for the relation of bonus and amount of deposit:Deposit AmountBonus$30,000$500$200,000$1,500
Note: only the regular savings account counts, the new product “Citi Accelerate Savings” with higher interest rate does not count.

Different Citi Checking Accounts

Here is a comparison and contrast on the official website.

Summary

This account is similar to the old Citigold account, which now requires $200k to open.The $700 highest bonus is really nice, just the deposit requirement is a bit high.

Historical Offers Chart

Application Link

If you like this post, don't forget to give it a 5 star rating!

[Total: 8 Average: 4.4/5]

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
Publisher: Source link

Your email address will not be published. Required fields are marked*

Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.