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Citi Gold Checking...worth it or are there better options?


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Hello Everyone! I know there have been comments and opinions made on liquidity and where to keep it. Right now Citibank is offering their Citi Gold Checking account with $400 Bonus. I know that many of you have cash sitting in CU's and Banks, just wanted to get your valued opinions on whether this is a good option to put cash in or if there are better options. Mind you, the goal here isn't to see any type of return as I do not want to lock in the cash to any time frame. Again, thank you all for your guidance and help! Have a great day!!

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Before you jump in, look closely at the minimum balance required to get the monthly fee waived.

 

Also, there are routinely offers for up to 50,000 AAdvantage miles for opening a top-tier Citi checking account... in case that interests you more than cash.

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Before you jump in, look closely at the minimum balance required to get the monthly fee waived.

 

Also, there are routinely offers for up to 50,000 AAdvantage miles for opening a top-tier Citi checking account... in case that interests you more than cash.

Thanks for the 411. I looked online but didn't see any AA Miles Promos. As for the opening balance, I had read it is $50k Checking balance to waive $30 monthly fee, starting in 3rd month. So, it seems to have a few good perks and I want to "double dip" the banking relationship, so to speak, as we already bank with Chase and it seems that Citi "MAY" prefer to have their card holders also be banking clients, at least they say they give "preferred pricing and rates on select products" and you have your own "dedicated team of specialist to assist you with applying for products". So it was just a thought, $50k seems to be the bare minimum to get a "Preferred" Status with a Banking Institution and before I jump into the CU Deep end (as PenFed looks to be #1 on our list for a Refi, though not sure if they are competitive with home values in California) and as Credit files thicken we will definitely be building with PenFed, NASA, DCU, Alliant and hopefully NFCU. We are also considering US Bank, though not sure if they are anything special, though they do have a good HELOC product. Though, I am not sure I want to have 5+ accounts sitting there just for relationship purposes, when I believe 2 is more than adequate. Again, thanks for the information.

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Before you jump in, look closely at the minimum balance required to get the monthly fee waived.

 

Also, there are routinely offers for up to 50,000 AAdvantage miles for opening a top-tier Citi checking account... in case that interests you more than cash.

Thanks for the 411. I looked online but didn't see any AA Miles Promos. As for the opening balance, I had read it is $50k Checking balance to waive $30 monthly fee, starting in 3rd month. So, it seems to have a few good perks and I want to "double dip" the banking relationship, so to speak, as we already bank with Chase and it seems that Citi "MAY" prefer to have their card holders also be banking clients, at least they say they give "preferred pricing and rates on select products" and you have your own "dedicated team of specialist to assist you with applying for products". So it was just a thought, $50k seems to be the bare minimum to get a "Preferred" Status with a Banking Institution and before I jump into the CU Deep end (as PenFed looks to be #1 on our list for a Refi, though not sure if they are competitive with home values in California) and as Credit files thicken we will definitely be building with PenFed, NASA, DCU, Alliant and hopefully NFCU. We are also considering US Bank, though not sure if they are anything special, though they do have a good HELOC product. Though, I am not sure I want to have 5+ accounts sitting there just for relationship purposes, when I believe 2 is more than adequate. Again, thanks for the information.

 

 

Often the best AAdvantage mile offers for the Citigold account are only available in a branch. I get 30,000-mile offers in the mail all the time, presumably targeted because of my three Citi credit cards with decent limits.

 

I can't speak for Citi, but I can tell you that at B of A all it takes is $50,000 in deposits and they open a lot more doors for you. The Platinum Privileges credit card pays 3/2/1 (gas/groceries/other) cash back, but at $50,000 in deposits including ML brokerage accounts the bonus is +50%. At $100,000 it's +75%. Even if I was a cash-back wh*re (instead of a travel points wh*re) I wouldn't screw around with any other card to try to get incremental rewards beyond 5.25%/3.5%/1.75% on the Privileges, with no AF.

 

I've been extremely happy with our B of A banking relationship, which we opened almost a year ago when we got married. The "Preferred Credit Team" handles my CLI requests, and they were pretty generous, even early on.

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Before you jump in, look closely at the minimum balance required to get the monthly fee waived.

 

Also, there are routinely offers for up to 50,000 AAdvantage miles for opening a top-tier Citi checking account... in case that interests you more than cash.

Thanks for the 411. I looked online but didn't see any AA Miles Promos. As for the opening balance, I had read it is $50k Checking balance to waive $30 monthly fee, starting in 3rd month. So, it seems to have a few good perks and I want to "double dip" the banking relationship, so to speak, as we already bank with Chase and it seems that Citi "MAY" prefer to have their card holders also be banking clients, at least they say they give "preferred pricing and rates on select products" and you have your own "dedicated team of specialist to assist you with applying for products". So it was just a thought, $50k seems to be the bare minimum to get a "Preferred" Status with a Banking Institution and before I jump into the CU Deep end (as PenFed looks to be #1 on our list for a Refi, though not sure if they are competitive with home values in California) and as Credit files thicken we will definitely be building with PenFed, NASA, DCU, Alliant and hopefully NFCU. We are also considering US Bank, though not sure if they are anything special, though they do have a good HELOC product. Though, I am not sure I want to have 5+ accounts sitting there just for relationship purposes, when I believe 2 is more than adequate. Again, thanks for the information.

 

 

Often the best AAdvantage mile offers for the Citigold account are only available in a branch. I get 30,000-mile offers in the mail all the time, presumably targeted because of my three Citi credit cards with decent limits.

 

I can't speak for Citi, but I can tell you that at B of A all it takes is $50,000 in deposits and they open a lot more doors for you. The Platinum Privileges credit card pays 3/2/1 (gas/groceries/other) cash back, but at $50,000 in deposits including ML brokerage accounts the bonus is +50%. At $100,000 it's +75%. Even if I was a cash-back wh*re (instead of a travel points wh*re) I wouldn't screw around with any other card to try to get incremental rewards beyond 5.25%/3.5%/1.75% on the Privileges, with no AF.

 

I've been extremely happy with our B of A banking relationship, which we opened almost a year ago when we got married. The "Preferred Credit Team" handles my CLI requests, and they were pretty generous, even early on.

 

Goodmorning! Thanks for the help. We were with BofA for years, personal, business, and mortgage, none of which opened up any doors with BofA and at that time there was 7 figures flowing thru the accounts on a monthly basis with balances staying well above $250k. Maybe it was the fact I banked at a small branch and the manager was not focused on those types of relationships? Perhaps we should look into going back? I am definitely looking forward to starting my career as a Professional Travel Rewards "Courtesan" (that is the PC term isn't it? LOL) We recently acquired the 1st BofA CC, a Platinum Plus Visa (I posted the approval incorrectly previously). I am definitely looking for the ability to open doors. In addition it sounds like BofA's "Preferred Credit Team" is a plus. Are they for clients with $50k+ in deposits? Or is there other criteria one has to meet to have access to this team?

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Before you jump in, look closely at the minimum balance required to get the monthly fee waived.

 

Also, there are routinely offers for up to 50,000 AAdvantage miles for opening a top-tier Citi checking account... in case that interests you more than cash.

Thanks for the 411. I looked online but didn't see any AA Miles Promos. As for the opening balance, I had read it is $50k Checking balance to waive $30 monthly fee, starting in 3rd month. So, it seems to have a few good perks and I want to "double dip" the banking relationship, so to speak, as we already bank with Chase and it seems that Citi "MAY" prefer to have their card holders also be banking clients, at least they say they give "preferred pricing and rates on select products" and you have your own "dedicated team of specialist to assist you with applying for products". So it was just a thought, $50k seems to be the bare minimum to get a "Preferred" Status with a Banking Institution and before I jump into the CU Deep end (as PenFed looks to be #1 on our list for a Refi, though not sure if they are competitive with home values in California) and as Credit files thicken we will definitely be building with PenFed, NASA, DCU, Alliant and hopefully NFCU. We are also considering US Bank, though not sure if they are anything special, though they do have a good HELOC product. Though, I am not sure I want to have 5+ accounts sitting there just for relationship purposes, when I believe 2 is more than adequate. Again, thanks for the information.

 

 

Often the best AAdvantage mile offers for the Citigold account are only available in a branch. I get 30,000-mile offers in the mail all the time, presumably targeted because of my three Citi credit cards with decent limits.

 

I can't speak for Citi, but I can tell you that at B of A all it takes is $50,000 in deposits and they open a lot more doors for you. The Platinum Privileges credit card pays 3/2/1 (gas/groceries/other) cash back, but at $50,000 in deposits including ML brokerage accounts the bonus is +50%. At $100,000 it's +75%. Even if I was a cash-back wh*re (instead of a travel points wh*re) I wouldn't screw around with any other card to try to get incremental rewards beyond 5.25%/3.5%/1.75% on the Privileges, with no AF.

 

I've been extremely happy with our B of A banking relationship, which we opened almost a year ago when we got married. The "Preferred Credit Team" handles my CLI requests, and they were pretty generous, even early on.

 

Goodmorning! Thanks for the help. We were with BofA for years, personal, business, and mortgage, none of which opened up any doors with BofA and at that time there was 7 figures flowing thru the accounts on a monthly basis with balances staying well above $250k. Maybe it was the fact I banked at a small branch and the manager was not focused on those types of relationships? Perhaps we should look into going back? I am definitely looking forward to starting my career as a Professional Travel Rewards "Courtesan" (that is the PC term isn't it? LOL) We recently acquired the 1st BofA CC, a Platinum Plus Visa (I posted the approval incorrectly previously). I am definitely looking for the ability to open doors. In addition it sounds like BofA's "Preferred Credit Team" is a plus. Are they for clients with $50k+ in deposits? Or is there other criteria one has to meet to have access to this team?

 

 

Preferred credit team is a perk of having a Platinum Privileges relationship, which has a pretty low bar at $50,000 in deposits + ML brokerage accounts. You also get 30 ML trades/month and a customer service line where they answer on the first ring.

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Before you jump in, look closely at the minimum balance required to get the monthly fee waived.

 

Also, there are routinely offers for up to 50,000 AAdvantage miles for opening a top-tier Citi checking account... in case that interests you more than cash.

Thanks for the 411. I looked online but didn't see any AA Miles Promos. As for the opening balance, I had read it is $50k Checking balance to waive $30 monthly fee, starting in 3rd month. So, it seems to have a few good perks and I want to "double dip" the banking relationship, so to speak, as we already bank with Chase and it seems that Citi "MAY" prefer to have their card holders also be banking clients, at least they say they give "preferred pricing and rates on select products" and you have your own "dedicated team of specialist to assist you with applying for products". So it was just a thought, $50k seems to be the bare minimum to get a "Preferred" Status with a Banking Institution and before I jump into the CU Deep end (as PenFed looks to be #1 on our list for a Refi, though not sure if they are competitive with home values in California) and as Credit files thicken we will definitely be building with PenFed, NASA, DCU, Alliant and hopefully NFCU. We are also considering US Bank, though not sure if they are anything special, though they do have a good HELOC product. Though, I am not sure I want to have 5+ accounts sitting there just for relationship purposes, when I believe 2 is more than adequate. Again, thanks for the information.

 

 

Often the best AAdvantage mile offers for the Citigold account are only available in a branch. I get 30,000-mile offers in the mail all the time, presumably targeted because of my three Citi credit cards with decent limits.

 

I can't speak for Citi, but I can tell you that at B of A all it takes is $50,000 in deposits and they open a lot more doors for you. The Platinum Privileges credit card pays 3/2/1 (gas/groceries/other) cash back, but at $50,000 in deposits including ML brokerage accounts the bonus is +50%. At $100,000 it's +75%. Even if I was a cash-back wh*re (instead of a travel points wh*re) I wouldn't screw around with any other card to try to get incremental rewards beyond 5.25%/3.5%/1.75% on the Privileges, with no AF.

 

I've been extremely happy with our B of A banking relationship, which we opened almost a year ago when we got married. The "Preferred Credit Team" handles my CLI requests, and they were pretty generous, even early on.

 

Goodmorning! Thanks for the help. We were with BofA for years, personal, business, and mortgage, none of which opened up any doors with BofA and at that time there was 7 figures flowing thru the accounts on a monthly basis with balances staying well above $250k. Maybe it was the fact I banked at a small branch and the manager was not focused on those types of relationships? Perhaps we should look into going back? I am definitely looking forward to starting my career as a Professional Travel Rewards "Courtesan" (that is the PC term isn't it? LOL) We recently acquired the 1st BofA CC, a Platinum Plus Visa (I posted the approval incorrectly previously). I am definitely looking for the ability to open doors. In addition it sounds like BofA's "Preferred Credit Team" is a plus. Are they for clients with $50k+ in deposits? Or is there other criteria one has to meet to have access to this team?

 

 

Preferred credit team is a perk of having a Platinum Privileges relationship, which has a pretty low bar at $50,000 in deposits + ML brokerage accounts. You also get 30 ML trades/month and a customer service line where they answer on the first ring.

 

Thank you! I have bookmarked the page and will be looking into it further!

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