$175 BONUS FOR A B OF A CREDIT CARD: Via MaximizingMoney, you can get $175 cash back when you’re approved for an American Bar Association-cobranded BankAmericard. $175 isn’t amazing, but given the paucity of great sign-up bonuses from Bank of America it might be worth going after. Someone on this FWF thread said they had a $200 offer, so if you’re currently a B of A customer you might want to check your available offers in online banking.
And in case you’re wondering, you don’t have be an ABA member to get the card. I’m still in my thirties, and I’ve never stepped foot on Harvard’s campus, but that hasn’t stopped me from getting an AARP card (for a 5% “unlimited” cash back deal) and a Harvard alumni card (for a 0% no-fee balance transfer).
SUNTRUST $100 CHECKING ACCOUNT BONUS: Via Fatwallet, you can get $100 with a new SunTrust checking account. T&C’s:
Eligible New Checking Accounts: To qualify for the $100 promotional incentive, a new personal checking account must be opened at an in-store SunTrust branch located inside Publix, Kroger,safeway, WalMart, B-Lo and Harris Teeter retail stores between 8/30/2013 and 12/31/2013, and at least $500 must be spend on qualifying purchases with a SunTrust MasterCard Check Card(s) or Delta SkyMiles World Check Card(s) that are associated with the new account within 90 days of opening the new checking account.
As always, keep in mind that you are required to pay income tax on deposit account bonuses (but not for credit card bonuses, of course), so always include that fact in your calculations.
40,000 THANKYOU POINTS: In the comments last week, Chasing The Points mentioned that Citibank is offering up to 40,000 ThankYou Points for opening a checking account with them. You’ll have to have $50K in assets to get the full 40,000 points, but you can also open a basic account and settle for a mere 20,000 points.
A BUY LOW, SELL HIGH GIFT CARD DEAL: Speaking of Chasing The Points, he points out that you can buy a DSW gift card for $150 via an Amex Sync promotion and sell it for $160–AND get 6X Ultimate Reward points if you click through via the Chase online mall.
PENFED FOLLOW UP: Thanks to reader Kirk for pointing out in the comments last week that PenFed has nerfed other credit card rewards as well, not just the Platinum Cash card. The Platinum Rewards Card used to offer 5 points per dollar on gas, 3 on groceries, and 1 on everything else, whereas now it offers 3/2/1, a la the BankAmericard.
But that’s not all: the points are worth less too. As per this Fatwallet thread, here are the new redemption rates for Visa gift cards:
- $50 Visa Prepaid Card = 6100 points
- $100 Visa Prepaid Card = 12000 points
- $250 Visa Prepaid Card = 29600 points
So you’re actually getting less than 3/2/1 with the new structure. Time to move on…