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Old Sep 6, 2013, 3:45 pm
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Citibank Checking 40,000 TY Points

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Old Feb 6, 2014 | 2:34 pm
  #91  
amitgu
 
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Originally Posted by MDtR-Chicago
This offer just appeared on the Citi banking homepage as well: https://banking.citibank.com/cbol/14...m?PromoID=CZJE
Anyone know how long one need to keep funds/keep account open?
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Old Feb 17, 2014 | 8:57 am
  #92  
FlyingBoat
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Does anyone recall what the offer code was on this promotion last summer? My son never received his points. We SM them but I bet they are going to come back asking for the code and I can't find it now.

My daughter did get her points, they were both the same code.
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Old Feb 17, 2014 | 9:31 am
  #93  
mia
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Originally Posted by FlyingBoat
Does anyone recall what the offer code was on this promotion last summer?
If you scroll back to the original post in this thread, and click [Quote] you will be able to read the full text for the offer URL, and embedded within it is "a" code. I cannot say if it is the one you need:

Originally Posted by Shuai Zeng
Promo_ID=CZC3
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Old Feb 17, 2014 | 9:45 am
  #94  
TheDapperDon
 
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Do you have to live in a state that they have locations in?
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Old Feb 17, 2014 | 5:02 pm
  #95  
skibum7732
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Originally Posted by TheDapperDon
Do you have to live in a state that they have locations in?
No, at least I didn't last summee
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Old Feb 18, 2014 | 10:59 am
  #96  
TheDapperDon
 
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Originally Posted by skibum7732
No, at least I didn't last summee
Ummm...autocorrect?
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Old Feb 18, 2014 | 12:33 pm
  #97  
skibum7732
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Originally Posted by TheDapperDon
Ummm...autocorrect?
ummmm....maybe I will just ignore your question next time
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Old May 11, 2015 | 3:46 pm
  #98  
flybie
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Hi can you transfer the 40,000 TY points to airline partners?
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Old May 11, 2015 | 5:06 pm
  #99  
mia
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Originally Posted by flybie
Hi can you transfer the 40,000 TY points to airline partners?
No. ThankYou Points earned through banking are taxable, and taxable points cannot be transferred or shared.
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Old Jul 21, 2015 | 10:15 am
  #100  
dkjb3t4
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Considering the tax issue and that airline partner redemption is not possible with this offer, do you think maybe 30000 AA miles are better?
With 30000, you are really not far away from one-way travel world wide in economy.
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Old Jul 24, 2015 | 1:34 am
  #101  
DaveInLA
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Originally Posted by mia
No. ThankYou Points earned through banking are taxable, and taxable points cannot be transferred or shared.
I remember reading somewhere that TYP earned from this promo aren't taxable. I can't remember why, but it might be because the total value of the points is estimated at $400 (1c each). Doesn't a bonus have to be valued >$600 to get a 1099? I know the 30K AA miles are valued at 2c each, so that's estimated at $600.
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Old Jul 24, 2015 | 7:11 am
  #102  
mia
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Originally Posted by DaveInLA
... total value of the points is estimated at $400 (1c each). Doesn't a bonus have to be valued >$600 to get a 1099?
1. Income is taxable even if not reported on a 1099.

2. Citi determines the value of ThankYou Points when they are redeemed, not when they are awarded. Citi does not permit the points to be Gifted or Transferred because they would then not be able to assign a value. If the points are redeemed for the maximum value ($0.016/point) the redemption can exceed the $600 threshold and a 1099 could be issued.

3. Further discussion here:

http://www.flyertalk.com/forum/25132427-post240.html
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Old Jul 24, 2015 | 6:18 pm
  #103  
g8trgr8t
 
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nevermind
Last edited by g8trgr8t; Jul 27, 2015 at 9:59 am
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