Yes, a $1000 limit. I called citi and discussed how this really limits the ability to use the card and potentially excludes some of the bonuses advertised (40,000 with the first $2,000 and 5,000 every $7,500 the first year). I did ask about "preloading" it but was told it still has a $1,000 spend limit per cycle regardless of the balance credit.

Maybe I'll try using 2 credit cards via phone as I'll need to process EVIPs anyway. I was hoping to get the $2000 in by ticket purchase but I'll be buying all 3 in the same billing cycle.