Right to the Point: Early next year, Citi will be offering a new online savings account option for American Airlines Citi cardholders. Citi confirms a bonus of 50,000 AAdvantage miles.
CNBC is reporting that Citi plans to offer a new high-interest online savings account to customers who hold a Citi-issued American Airlines credit card. This offer is expected to be issued in early 2020.
While details are light, the article does confirm that Citi will offer 50,000 AAdvantage miles as a sign-up bonus and a 25% boost on miles earned through the card (capped at the first $50,000 spent). That could be very lucrative, though I suspect there will be a requirement to maintain a minimum balance.
The new account will be called the Citi Miles Ahead savings account and will only be available in areas where Citigroup doesn’t have a physical branch presence.
If this offer is as generous as suggested, this offer could be a fantastic way to earn more AAdvantage miles from an existing card.
While we don’t yet know the details on this offer, my hunch is that it will be targeted first at existing cardholders. If you’re interested in positioning yourself to take advantage of this offer next year, consider signing up for one of the Citi / AA cards available today. Citi is currently offering some of the highest sign up bonuses I’ve ever seen on this card.
The Citi® / AAdvantage® Executive World Elite™ MasterCard® is currently offering 50,000 miles after spending $5,000. This card also comes with Admirals Club® membership for you and access for guests traveling with you. Keep in mind as of November 1, 2019, you must be traveling on American or a Oneworld partner to access the Admirals Club. There’s an annual fee of $450.
The CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® is currently offering 70,000 miles after spending $4,000 within the first 4 months of account opening.
Sign up for these cards and more at our at our card marketplace.
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