Apr 14, 2016, 7:52 am
Last edit by: garykung
CitiGold is Citi's premium banking relationship. To remain a Citigold client, maintain a minimum combined average monthly balance of $200,000 in eligible linked deposit, retirement and investment accounts. There is no monthly service fee for accounts in The Citigold Account Package.
Be aware that Citi Wealth Management will not allow any trading of non traditional stocks and ETFs. No leveraged ETFs, no inverse ETFs. Its brokerage service is similar to Chase YouInvest. It is just basic investment service.
1. Click HERE to read a separate thread discussing expiration of ThankYou Points when closing a Citigold account.
2. Citi has introduced Citi Priority with a minimum combined balance of $50K as of November 6, 2016. Those who were no longer qualified under the new Citigold requirement has been downgraded to Citi Priority. Discussion HERE.
Be aware that Citi Wealth Management will not allow any trading of non traditional stocks and ETFs. No leveraged ETFs, no inverse ETFs. Its brokerage service is similar to Chase YouInvest. It is just basic investment service.
1. Click HERE to read a separate thread discussing expiration of ThankYou Points when closing a Citigold account.
2. Citi has introduced Citi Priority with a minimum combined balance of $50K as of November 6, 2016. Those who were no longer qualified under the new Citigold requirement has been downgraded to Citi Priority. Discussion HERE.
Benefits of a Citigold account? [consolidated]
Jun 17, 2009, 1:55 pm
#16
Join Date: Nov 2008
Programs: MTA NYCTA Super Plutonium Elite
Posts: 107
Jun 17, 2009, 2:02 pm
#17
Join Date: Sep 2008
Location: NYC
Programs: AA PLT 2MM
Posts: 395
Jun 17, 2009, 2:27 pm
#18
Join Date: Nov 2008
Programs: MTA NYCTA Super Plutonium Elite
Posts: 107
There are 6 non-borrowing products that count (ATM card, CD, checking, direct deposit, bill payment, and savings or money market account) and at least 3 more that don't require carrying any balance, though they may have fees depending on other factors (Checking Plus, HELOC, and Ready Credit). But, as you said, it may not be worth putting any effort into it for $6 of value per month.
Jun 17, 2009, 2:32 pm
#19
Join Date: Sep 2008
Location: NYC
Programs: AA PLT 2MM
Posts: 395
There are 6 non-borrowing products that count (ATM card, CD, checking, direct deposit, bill payment, and savings or money market account) and at least 3 more that don't require carrying any balance, though they may have fees depending on other factors (Checking Plus, HELOC, and Ready Credit). But, as you said, it may not be worth putting any effort into it for $6 of value per month.
Jun 17, 2009, 3:23 pm
#20
Join Date: Apr 1999
Location: Oak Park, IL
Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA
Posts: 3,585
I think that it is worth it
You could get checking plus which is overdraft protection. It doesn't cost you anything and just in case it covers a check. A CD is an easy one. The points add up for not really doing anything.
The fees are also waived if a deposited check bounces. I think that there is a foreign exchange fee of 1% rather than 3%. Free checks. I have my fee waived for 3 AAdvantage credit cards, premier pass card and diner's club card. It's 7200 points a year for not doing anything.
The fees are also waived if a deposited check bounces. I think that there is a foreign exchange fee of 1% rather than 3%. Free checks. I have my fee waived for 3 AAdvantage credit cards, premier pass card and diner's club card. It's 7200 points a year for not doing anything.
Jun 17, 2009, 7:55 pm
#22
Join Date: Dec 2006
Posts: 226
To the OP: There are also reduced fees for wires (can't remember exactly) if that's something you do, and higher limits for transfers, etc.
Jun 17, 2009, 10:48 pm
#23
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
Jun 18, 2009, 8:33 am
#24
Join Date: Apr 1999
Location: Oak Park, IL
Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA
Posts: 3,585
I called and it was verified that there are no foreign exchange fees currently for citigold. I was charged in 2007 and 2008. One change in our favor.
Of course more thank you points than a regular checking account. Also reduction on the rate of my home equity loan.
Of course more thank you points than a regular checking account. Also reduction on the rate of my home equity loan.
Oct 27, 2010, 7:08 pm
#25
Join Date: Oct 2009
Location: Washington, DC area
Programs: Air: Many; Hotel: HH D, HY G, IHG P, MR S, RR
Posts: 504
Citigold reduced balance requirement (credit card annual fee waiver)
I tried to find an existing thread that would be appropropriate place for this, but search results only revealed very old threads disucussing annual fee waivers for Citigold accounts or brief mentions of Citigold buired in very long threads about Citibank credit card churning, retention bonuses, etc.
As I'm sure many of you already know, if you have a Citibank "Citigold" account and maintain the required average monthly benefit, you do not pay any account maintenance fees and get a number of benefts, including having the annual fee waived on Citibank reward credit cards. To qualify for no fees on Citigold based on deposit account balances, the requirement has been $100K in linked CB accounts. Effective November 1, CB is reducing this minimum to $50K (for deposit and retirement accounts). Here is a link to some additional information:
https://online.citibank.com/US/JRS/p...do?ID=Citigold
If you are going to pursue this, make sure to find out if the particular credit card you want to get the fee waiver for is included. The CSR I spoke to said that only some rewards cards are and had to check a list to see if my card was included.
As I'm sure many of you already know, if you have a Citibank "Citigold" account and maintain the required average monthly benefit, you do not pay any account maintenance fees and get a number of benefts, including having the annual fee waived on Citibank reward credit cards. To qualify for no fees on Citigold based on deposit account balances, the requirement has been $100K in linked CB accounts. Effective November 1, CB is reducing this minimum to $50K (for deposit and retirement accounts). Here is a link to some additional information:
https://online.citibank.com/US/JRS/p...do?ID=Citigold
If you are going to pursue this, make sure to find out if the particular credit card you want to get the fee waiver for is included. The CSR I spoke to said that only some rewards cards are and had to check a list to see if my card was included.
Oct 27, 2010, 8:56 pm
#26
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,134
I tried to find an existing thread that would be appropropriate place for this, but search results only revealed very old threads disucussing annual fee waivers for Citigold accounts or brief mentions of Citigold buired in very long threads about Citibank credit card churning, retention bonuses, etc.
As I'm sure many of you already know, if you have a Citibank "Citigold" account and maintain the required average monthly benefit, you do not pay any account maintenance fees and get a number of benefts, including having the annual fee waived on Citibank reward credit cards. To qualify for no fees on Citigold based on deposit account balances, the requirement has been $100K in linked CB accounts. Effective November 1, CB is reducing this minimum to $50K (for deposit and retirement accounts). Here is a link to some additional information:
https://online.citibank.com/US/JRS/p...do?ID=Citigold
If you are going to pursue this, make sure to find out if the particular credit card you want to get the fee waiver for is included. The CSR I spoke to said that only some rewards cards are and had to check a list to see if my card was included.
As I'm sure many of you already know, if you have a Citibank "Citigold" account and maintain the required average monthly benefit, you do not pay any account maintenance fees and get a number of benefts, including having the annual fee waived on Citibank reward credit cards. To qualify for no fees on Citigold based on deposit account balances, the requirement has been $100K in linked CB accounts. Effective November 1, CB is reducing this minimum to $50K (for deposit and retirement accounts). Here is a link to some additional information:
https://online.citibank.com/US/JRS/p...do?ID=Citigold
If you are going to pursue this, make sure to find out if the particular credit card you want to get the fee waiver for is included. The CSR I spoke to said that only some rewards cards are and had to check a list to see if my card was included.
LAX
Oct 28, 2010, 10:53 am
#27
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Oct 28, 2010, 12:12 pm
#28
Join Date: Aug 2002
Location: NYC
Posts: 7,579
Oct 28, 2010, 12:35 pm
#29
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,486
I have a Citi Private Bank account through work, which is very similar to Citigold, but without the minimum balance requirement. One feature that is really nice about Citigold is that no forex fees are assessed on foreign ATM withdrawals. That being said, unless you have an existing mortgage through Citi and can get the fee waiver that way, parking $50k in cash in a low interest rate bearing account at Citi may not be worth whatever you save in fee waivers.
Oct 29, 2010, 10:23 am
#30
Join Date: Oct 2004
Location: NYC
Programs: AS MVP Gold, BA Silver, AA Gold, Marriott Titanium, Hyatt Globalist
Posts: 1,619
Parking $50k of an IRA investment account (stocks, bonds, mutual funds), is an obvious alternative. Citi Personal Wealth Management is the new name for the old Smith Barney brokerage, and I find that it's pretty painless to use online (for infrequent trading).