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Citi AAdvantage Miles Ahead Savings Account

Citi AAdvantage Miles Ahead Savings Account

Old Jul 11, 20, 6:03 am
  #31  
 
Join Date: Feb 2006
Location: ROA/CHO
Programs: UA MM
Posts: 257
same here - deposited $50k on Feb 5th and no miles so far
witthuus is offline  
Old Jul 11, 20, 6:47 am
  #32  
 
Join Date: Dec 2006
Programs: AA Gold . Hilton Diamond, Hyatt Platinum.
Posts: 486
I called them and registered a complaint. They said they will investigate 😂 . 6 months is up on Aug 9th so after that date if I havent received them I will need to take further action.
barnetda is offline  
Old Jul 13, 20, 8:49 pm
  #33  
 
Join Date: May 2010
Location: DFW
Programs: AA GLD 1MM, Marriott Gold, HHonors, Hyatt, SPG, Avis First
Posts: 17
I have been wondering about when the miles will post too. Reading the fine print it does say within 90 days of completing the required activities. And to further confuse things, the money has to stay on deposit for 60 days, but not just any 60 days. The 60 day period is the one that starts 30 days after the account is opened and then completes 90 days after the account was opened. The fine print calls the 30 day mark the "First Date" and then 60 days after that as the "Second Date". So 6 months start to finish does appear to be the max. Open it, then 30 days after that have it funded at the level you want, then leave on deposit for 60 more days, then wait up to 90 days after that for the miles. But I would think during those last 90 days you could move most of the money out while waiting for the miles to post.
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FokkerF100 is offline  
Old Jul 14, 20, 4:48 am
  #34  
 
Join Date: Jul 2020
Location: PHL
Programs: Aadvantage
Posts: 3
I opened my account and deposited $50,000 on February 20, 2020. When I called to inquire about the promised 40,000 miles in late May I was told they should post by July 19, 2020 and that I should call back then if I do not receive them by then. Not holding my breath. I must say, this was my first deposit account with Citi and it has really soured my opinion of them. Not likely to do any banking business with them in the future. Making everyone wait 6 months is pretty sleazy. They should have made that crystal clear in the offer, which they did certainly did not.
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ATamb400 is offline  
Old Jul 14, 20, 1:21 pm
  #35  
 
Join Date: Jul 2011
Posts: 120
Its a shame they are stringing us all along- however I do enjoy the extra 25% mile bonus I am getting
jimmyz1 is offline  
Old Jul 15, 20, 3:29 am
  #36  
 
Join Date: Jul 2020
Location: PHL
Programs: Aadvantage
Posts: 3
Finally received my 40,000 miles overnight after first posting my complaint here yesterday! Coincidence? Almost certainly. (FYI - my qualifying deposit date was made on February 20, 2020) Good luck to everyone else waiting.
SUPERTRAVEL likes this.
ATamb400 is offline  
Old Jul 15, 20, 5:47 am
  #37  
 
Join Date: Sep 2009
Location: Midwest USA
Programs: AA EXP, HH Diamond, Hyatt Globalist
Posts: 587
I finally received my 40k mile bonus too this morning. Not that I was planning on using my miles any time soon, but it's not cool they way they made us wait an extra 3 months. Maybe it was written in the fine print and we just didn't see it.
SUPERTRAVEL likes this.
ceebee100 is offline  
Old Jul 16, 20, 4:57 am
  #38  
 
Join Date: Feb 2007
Posts: 1,101
1099 generated

Not directly related but does anyone know how points are going to be calculated to irs?
cmjaffe is offline  
Old Jul 16, 20, 6:21 am
  #39  
 
Join Date: Jul 2020
Location: PHL
Programs: Aadvantage
Posts: 3
I did a little research on it and am not expecting a 1099 for the 40,000 bonus miles. While nothing is certain and Citi has been silent on the subject, it seems that Citi stopped sending such 1099s a few years ago. The current thinking among those with some tax knowledge appears to be that Citi is likely treating this as miscellaneous income (as opposed to interest income) which would only require a 1099 if the value exceeds $600. If they valued the miles at a ridiculous 2.5 cents each as they did many years ago, the $600 threshold would be more than met. More likely they are valuing the miles now at a more realistic 1.0 cent each thus avoiding the $600 threshold. That would also explain why they maxed out the mileage award at 50,000 miles even with a +$200,000 deposit.
ATamb400 is offline  
Old Jul 19, 20, 3:45 am
  #40  
 
Join Date: Mar 2004
Location: Seattle, WA
Programs: AA EXP 1MM, UA Silver, HH Gold, IHG Spire, Marriott Titanium
Posts: 786
As another data point, I completed my qualifying deposit on February 29, 2020. The bonus miles posted on July 13, 2020.
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EVA Air is offline  
Old Jul 23, 20, 6:59 pm
  #41  
 
Join Date: Feb 2020
Location: DFW
Programs: AA EXP
Posts: 269
Originally Posted by EVA Air View Post
As another data point, I completed my qualifying deposit on February 29, 2020. The bonus miles posted on July 13, 2020.
My experience is almost to the exact day of yours.
DreAAmliner is online now  
Old Jul 24, 20, 7:11 am
  #42  
 
Join Date: Dec 2006
Programs: AA Gold . Hilton Diamond, Hyatt Platinum.
Posts: 486
I still havent received my miles. Account was fully funded on 2/20 . I called again and this time i was told they will be credited by 8/1 . They seem to pull dates out of the "air" as thats the 3rd date I have been given , (9th July, 9th Aug previously ) , . I will launch a complaint on 8/1 assuming they are not credited by then.
barnetda is offline  
Old Jul 25, 20, 5:43 pm
  #43  
 
Join Date: Sep 2000
Location: DCA/IAD
Programs: AA - Plat. Pro; 1W Emerald; HHonors Gold; UA dirt
Posts: 6,913
I've not bothered doing this because every time I've researched it, the account yields were terrible. 0.02% or 0.03%. Thats throw away bad. Am I looking in the wrong place???
IADCAflyer is offline  
Old Jul 26, 20, 6:36 pm
  #44  
 
Join Date: Apr 2012
Posts: 51
Does anyone know if you can still sign up for a new account?
innesst is offline  
Old Jul 27, 20, 7:08 am
  #45  
 
Join Date: Apr 2004
Programs: AA Plat/2MM, UA Silver (via Marr), Marr LTT, HH Gold (via cc), Hyatt Exp
Posts: 991
Originally Posted by IADCAflyer View Post
I've not bothered doing this because every time I've researched it, the account yields were terrible. 0.02% or 0.03%. Thats throw away bad. Am I looking in the wrong place???
My latest statement on this showed a .48% APY. Not great, but not horrible.
bosman is offline  

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