Citibank $100 Deal - Last 2 days

Here is the offer (click image to enlarge)

Terms and Conditions (click image to enlarge)Offer home page

Additional Info
1. You must not have a citiback checking or savings account already.
2. The offer says you need to open both e-savings and EZ checking accounts 'together', which is what you do when you use the offer code CS2P.

Drawbacks
1. It requires you make initial deposite of $5000.
2. There is no 'minimum balance' requirement. BUT the fine print says 'your account must be in good standing'. So you should not withdraw everything and expect to get $100.
3. Citibank does a hard credit inquiry on you to check your credit worthiness, although they are not really offering you a credit account.

Workarounds
1. They dont need the $5000 rightaway. You just need to mention ur checking/savings account details. They would send you some documents within 7 business days. You need to sign one of them (authorization) and fax it over before 04/30/07. Only on receipt of the fax would they withdraw money from your bank account.
It gives you approx 30 days to arrange for funds.

2. There is no restriction on how you should split the $5000 between checking and savings account. The best deal is keep high amount in savings and only about $200-300 in checking.
You get 4.75% APY on savings, which is less than what Emigrant Direct offers, but 0.30% (the difference) of APY for 3 months won't earn you $100.
You can also keep about $1000 in this savings account after it becomes operative and that is still fair enough i believe (this is not confirmed, as no one can really quantify what is 'in good standing').
And keep you checking accout active, by doing minor transactions like pay for coffee, withdrawing $5-10 from ATM, depositing $5-10 and so on. (It was told that you need to keep it active, and there should be some transactions. It didnt sound like hard n fast rule but there isn't a documented way to confirm).