Originally Posted by
chliansh
Took my wife and I each 6 months to get the 40K TY rewards...not to mention countless emails...I even had $50K parked to avoid the fees. $800 in gift cards made it worth the hassle but they take forever to post. On a side note having a citi gold acct seemed to make it almost impossible to get declined for any citi card.
thanks. i have no problem parking $50k but did u did it all at once? i ask b/c my other bank account might put a freeze on such a large transfer at once. also, it is is 5x the minimum for Form 8300 (which doesnt really matter to me, but i want to be aware of any possible snags in the transfer of money).
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/FAQs-Regarding-Reporting-Cash-Payments-of-Over-$10,000-(Form-8300)