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Citi has sent out an email to select Citigold account holders advising them of the ability to get up to $200 or $400 in credits for subscriptions, including for things like Costco and Amazon Prime. While we initially found out about a targeted email today for the $200 bonus, Doctor of Credit reports that some people are getting targeted for a $400 bonus.
The Deal
- Citi has sent a targeted email to some Citigold account holders to receive up to $200 or $400 in rebates on popular subscriptions with the invitation-only Citigold Subscription Rebate Program
- Direct link to this promotion
Key Terms
- To start enjoying this benefit, complete your registration by December 15, 2021 11:59 PM EST and purchase your subscriptions by December 24, 2021, 11:59 PM EST, so that they’re included in the $200 rebate amount allotted for 2021.
- Existing Memberships and Subscriptions: To get rebates on your existing membership and subscription renewals, select the merchants and register on the registration page of the subscription website. Then go to each merchant website and choose your Citigold Debit Card for future payments.
- Amazon Prime: Rebates apply only to full-priced memberships purchased online. Discounted memberships are not eligible for rebates. Any other goods and services purchased from Amazon will not be rebated. Do not combine your membership purchase with the purchase of any goods or other services in the same transaction.
- Audible: Rebates apply only to full-priced memberships purchased online. Discounted are not eligible for rebates. Do not combine your membership purchase with the purchase of books or other services in the same transaction.
- Costco: Rebates apply only to full-priced memberships purchased online, via phone, and in the warehouse. Discounted memberships are not eligible for rebates. Any other goods and services purchased from Costco will not be rebated. Do not combine your membership purchase with the purchase of any goods or other services in the same transaction.
- Costco Renewals: Costco membership renewals must be purchased online within 90 days of the renewal date. If online renewal is attempted outside 90 days, you will not be permitted to use your Citigold Debit Card as a payment method. However, Costco renewals outside of 90 days may be purchased via phone or in the warehouse.
- Enrolling in this program is not a commitment to purchase.
- Subscriptions purchased before registering will not be rebated.
Quick Thoughts
This promotion is targeted to select Citigold account holders. Citigold requires $200,000 in cash or investments on deposit with Citi. Keeping that kind of money on deposit with Citi is probably not a good deal in most cases, but Citi periodically offers new account bonuses that some readers may have gone after and I know that in my case I had Citigold status for years after completing such an account bonus when the threshold for Gold was much much lower (though that did eventually drop in my case). If you have Citigold status, keep an eye out in case you get targeted or you can try the link under “The Deal” above to log in and check.
To satisfy the $200K min threshhold, they also include the balances from any associated brokerage account at Citi. So if you have a mutual fund or IRA holding at some other place, transfer $200K worth of it in-kind to your Citi account. No tax event as long as it’s in-kind transfer. I transferred an ETF holding I had with Fidelity over to my newly opened Citi brokerage acct. I am a buy and hold investor who stays invested in low cost index fund so it doesn’t matter where the account is housed.
Citibank so crappy. There Citigold debit card is Mastercard and Costco only accepts Visa to renew memberships online, and Cit wants you to renew with your Citigold debit card to get the credit. Catch 22. Perhaps could call in, but just poor execution by Citibank yet again.
Costco accepts debit cards from all networks. It is only credit cards that must be Visa.
Costco.com doesn’t accept Citi Gold debit card for membership renewal. I contacted Citi customer service and they told me Costco store will accept Citi Gold debit card. I will try that later when the renewal is up.