Once in a while if you have good credit, you’ll get offered some money to open a financial account that not everyone else gets. I received a targeted offer from Capital One recently $100 to open up a savings account with 6 months of 1.1% APR. If you have a referral from a Capital one customer, you can get another $20 (they get $50).
I went in to speak with a banker, and they pulled my info to confirm my eligibility (I didn’t need to bring in the actual offer). Of course he tried to get me to open a Premier Rewards Checking account as well. I usually don’t fall for the upsell, but look at the Rewards-
These aren’t worth much- only half a cent per mile if redeemed for cash back. But that’s $50 just for opening the account and making 1 direct deposit, which isn’t hard to do. The other rewards are just nickels and dimes.
Capital One’s checking accounts are some of the best – they reimburse up to $15 for other banks ATM fees per month and have non-zero interest rates in addition to the rewards. My checking account at Charles Schwab has comparable rates at .4% and reimburses all ATM fees internationally but doesn’t give me any rewards. After further consideration, I’m switching over to Capital One for domestic checking.