Originally Posted by
abouna
...using my Marriott Rewards visa for $30,000. I only intend to keep about $15,000 in the acct. but I will just use the funds from the cc "purchase" that will be in my new savings account to repay the credit card when the statement comes and leave the cash in that I intended to originally put....
If cashflow is not a problem for you, it might be safe to charge up to $30K as the initial funding deposit.
However, I remembered Citi's terms is to keep the funding deposit for at least 30 (or more?) days in the account. So depending on your billing and statement cycles, you probably won't be able to "move" it and pay off the cc balance. I also recalled a deposit fund cap at $250 (or $500 or something..) from Creditcard. (Don't remember which bank it was. I opened too many bank accounts for miles/points over the years.
) So you might not be able to do the $30K thing.
Secondly, I recalled reading some posts that Citi either delayed or failed to pull the fund from the CC so it took much longer (for delayed incidents), or account never opened (for cc charge failure). (Read more from this thread:
Earn 10,000 Aadvantage bonus miles)
Thirdly, some are not happy with how the India Banking Center is serving them.
If you think you can handle it after factoring in all these "disturbance," by all means, go ahead.