Tag Archives: Cash Back

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How Much Money Did I Make from Bank Account Bonuses in 2023?

Good morning everyone, I hope your week is going well.  Doctor of Credit has a Best Bank Account Bonuses page that he keeps up to date with the best offers each month.  In that master post, he links to individual bank account bonuses with helpful information regarding the bonus details, how to avoid monthly fees, when to close the account, how often you can open a new account, and much more.  For the last 9 years, I have been opening new checking accounts, savings accounts, brokerage accounts, and cash management accounts for the new member bonuses.  At the end of each year, I share my results on the blog.

Over the last 9 years, I have made over $24,000 in bank account bonuses.  You will receive 1099-INT / 1099-MISC tax forms every year, so you have to pay taxes on the bank account bonuses, but sometimes you can fund the opening deposit with a credit card and earn miles, points, or cash back.  If you are lucky, you can meet a minimum spending requirement by funding a new checking account or reach a high spending target to earn more rewards.  Here are my results from the last 9 years with links to corresponding yearly summaries:

Drum roll please… Here are the 13 new accounts I opened in 2023 that paid out $3,685 in bonuses:

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Tracking Down a Missing $50 Bank of America Business Credit Card Retention Offer

Good morning everyone, I hope your weekend is going well.  On October 31, I called Bank of America about my Bank of America Business Advantage Unlimited Cash Rewards (UCR) Credit Card and told the rep I wanted to close the credit card because I wasn’t using it anymore.  The rep offered me a $50 retention offer with no spend if I kept the credit card open and I said yes.  Fast forward to December 7, I still had not seen the $50 retention offer, which I assumed would show up as a $50 statement credit.  As part of my daily routine, I check my Bank of America app and did not see any credits show up on my UCR.  When I called Bank of America to inquire about the status of my $50 retention offer, the rep put me on hold for a few minutes to read the notes and see what happened.  When the rep returned, I was told that the $50 retention offer was put into my Cash Rewards.  I never thought to check there.  In this post, I will show you where to go to find the retention offer in the Cash Rewards and the various redemption options.

To get started, sign into your Bank of America account (either online or via the app), select your business credit card account, and then select the corporate account.

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How Fast do the $50 Hilton Credits Post on the American Express Hilton Honors Surpass Credit Card?

Good morning everyone, I hope your week is going well.  A few weeks ago, I wrote about My 6 Credit Card App-O-Rama: Results & Reconsideration Calls.  In that post, I shared that I was approved for the American Express Hilton Honors Surpass Credit Card (referral link) that currently offers a 170,000 Hilton Honors Points sign up bonus after spending $3,000 in 6 months and a $200 Hilton Credit ($50 credit per quarter).  If you have had the Surpass card before, here is the No Lifetime Language offer for the Hilton Surpass (this is the link I used since I had the Surpass a few years ago).  In this post, I wanted to discuss the $200 Hilton Credit and share my experience with the credit.

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US Bank Cash Plus Credit Card Moving to Rewards Center (Select Categories & Redeem Rewards)

Good afternoon everyone, I hope you had a good weekend.  Effective November 5, 2023, US Bank Cash+ Credit Card moved to the US Bank Rewards Center.  The Rewards Center is where you can select your 5% and 2% quarterly bonus categories and redeem your cash back rewards.  The old Cash+ enrollment website was a little clunky and dated, but the Rewards Center looks much cleaner.  In this post, I will show you what the Rewards Center looks like and my thoughts.

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First Ever Capital One Travel Sale: Up to $200 Off Flights & Up to 20% Off Hotels (October 10 Only)

Good afternoon everyone, I hope you all had a great weekend.  It was great weather in San Francisco over the weekend and the US Navy Blue Angels were in town as part of San Francisco’s Fleet Week.  In case you have the “Travel Fever,” Capital One is launching their first ever Travel Sale tomorrow (starting at 12:00am PT on October 10).  If you have an eligible Capital One Credit Card (like the Capital One Venture X Credit Card or Capital One Venture Rewards Credit Card), you are eligible to participate.  Here is the Capital One Travel Sale landing page and countdown timer.  I crunched the numbers and there are 45 hotel deals with a total savings up to $1,155 and 40 flight deals with a total savings up to $4,250.

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