American Express Rewards Checking Bonus
American Express is offering a bonus of $250 for customers who open their first American Express Rewards Checking account. We have seen this offer in the past and it is now available once again nationwide through April 15th. Let’s see how it works.
The Offer
Earn a Welcome Bonus of $250 after you complete each of the following qualifying criteria:
- Open your first American Express Rewards Checking Account in your name by 11:59PM MST on 04/15/2025, which is subject to approval; and
- Have two separate Qualifying Direct Deposits, each in the amount of $1,000 or more, posted to your American Express Rewards Checking Account within the first 90 days of account opening.
After you have completed the above qualifying criteria, American Express will deposit the Welcome Bonus into your Rewards Checking Account within 8-12 weeks.
Key Terms
- You are not eligible for the Welcome Bonus if you have an existing or previously have had a Rewards Checking Account.
- Each individual customer may only have one Rewards Checking Account.
- Currently accepting applications from Card Members with a U.S. Basic Consumer Card issued by American Express National Bank with at least 35 days tenure.
- A Qualifying Direct Deposit is a single ACH transfer of $1,000 or more from an employer or the government for a paycheck, pension, government benefit (such as Social Security), or tax refund.
- Your Welcome Bonus may be taxable income to you and may be reported on IRS Form 1099.
Conclusion
In order to earn this bonus, you need to open your first American Express Rewards Checking Account by April 15 and complete two direct deposits of $1,000 or more within 90 days.
The account has no monthly fees, and you need to keep it open at least until you receive the bonus.
HT: Doctor of Credit
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