Update: The latest offer is for 75,000 miles, which you can read about here.
There is a good opportunity out there for 60,000 American Airlines miles with the Citibank American Airlines Executive credit card, especially those that can hit high spends quickly. The credit card comes with some important caveats though - full details below:
- 60,000 American Airlines miles with $5,000 spend in first three months
- Earn 10,000 elite qualifying American Airlines miles after $40,000 annual spend
- $100 statement credit after $100 in purchases
- $450 annual fee is not waived in the first year*
- Admirals Club access for cardholder and up to 2 guests
- First checked bag free; Priority screening and boarding
- No foreign transaction fees
- Approval difficulty: Moderate (~650+ credit score with good income)
- Churn status: Easy (can be reapplied as often as desired, following 8/65 rule described further below)
First things first: the asterisk. As I mentioned at the beginning of this post (in italics), getting around the annual fee is a not-so-secret method used successfully by milers around the nation. The process is as follows:
- First, get the card, and if this is your second (or third, fourth, etc.) Citibank credit card you have recently applied for then read my travel tip near the bottom of the page.
- Second, hit the full $5,000 spend before the first statement is due. If you realize that the first statement is due fairly quickly - lets say under two weeks - upon receiving and setting up the card online, secure message Citibank and ask for your statement date to be pushed back to a later date (and specify the date). In my experience, even when the representative says they can't do it your statement date is still pushed back.
- Third, pay off your balance in full - ideally this would also be done prior to your first statement due date. After you pay off your balance, the American Airlines miles should post to your account the following week.
- Fourth, and once the miles are safely in your account, cancel the card via secure message within 30 days of the annual fee posting and ask for the fee to be refunded. And voila, one credit card gave you 60,000 American Airlines miles and $100 for being extra speedy with your spending.
If you are not able to achieve the above - that is quite a short time frame to manage, might I add - then this credit card becomes a much tougher sell. 60,000 American Airlines miles would certainly make this one of the best credit card deals around, but the $350 fee ($450 less the $100 statement credit) and high spend threshold make it a tough decision.
Ultimately, if you can hit the spend and have a location in mind that needs American Airlines miles, this makes sense. If the $5,000 spend is too much in such a short time frame though, I would pass.
Application links and other useful information for the card is below:
Application link has expired.
Personal application support line: 1-866-606-2961.
Click here for the Citibank online contact page.
Disclaimer: Photos credit to Citibank.