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]
#841
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,980
This Citigold rebate program is for targeted Citigold clients only. Citigold clients who were not targeted should not even know about this program. Your RM knows about this because this kind of program requires them to attend training. So he is probably just pretending to know nothing since they have strict order not to disclosed this to clients who are not targeted. At least when I called my RM and asked him about this rebate program, he told me I was not targeted but they are actively rolling out to eligible Citigold clients and I will be automatically emailed once I have been targeted. Though I'm almost 100% sure I won't be targeted. Maybe if they are making a lot of money out of me that is the only time I will be targeted
The only thing I don't understand is why the hell Amazon is charging tax for Prime, while Costco is charging nothing on their membership?
Last edited by yugi; Oct 4, 2019 at 9:16 pm
#842
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
Sounds as if that's what was negotiated in some states based on the services bundled in the membership.
Amazon Prime includes multiple benefits such as free two day shipping, free unlimited photo storage, plus exclusive access to movies, music and Kindle books. To determine the taxability of Prime, taxing authorities were requested by Amazon to provide guidance. As a result, Amazon Prime is subject to tax in the following states:
Last edited by mia; Oct 6, 2019 at 3:30 pm
#843
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,811
Costco is really a membership. But Amazon Prime is not. At the minimum, Amazon Prime can be considered as a video subscription service like Netflix (Netflix is taxed).
#844
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,980
#845
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,811
#846
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,980
#847
Join Date: Mar 2017
Programs: HHonors, TrueBlue, Delta SkyMiles, Hyatt Discoverist, Starwood Preferred Guest, American Airlines.
Posts: 2,035
#848
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,980
Yes, sounds surprising, but groceries and services are not taxed
But you're not buying DVDs, you're renting them. Not taxed.
But you're not buying DVDs, you're renting them. Not taxed.
Last edited by mia; Oct 13, 2019 at 12:36 pm Reason: Combine consecutive replies.
#850
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,980
#851
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
True to form, HSBC (USA) has notified us that effective late January 2020 the interest rate on our saving will be 0.15% (less, if we reduce the balance).
#853
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,490
Is this new? The Citi AA Exec card page is now listing a Citigold benefit of an annual $145 statement credit against the card’s annual fee. I know this has been available for the Prestige Card but wasn’t aware of it for the Exec card.
#855
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959