Posted by Chuck on August 8, 2018
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Published on August 8th, 2018 | by Chuck


[Targeted] Chase $600 Checking + Savings Bonus

A couple of readers mentioned receiving a $600 snail mail targeted offer for Chase checking + savings accounts:

  • Receive a bonus of $300 when you open a Chase Total checking account with $25 or more and have a direct deposit post to the account within 60 days.
  • Receive a bonus of $300 when you open a Chase savings account and deposit $15,000 or more in new money within 10 business days and maintain a balance of $15,000 for 90 days.
  • Receive an extra $100 bonus when you complete both of the above bonuses.

I’m not going to rehash all the details since there’s a similar offer available to the public for $300 checking + $225 savings. This targeted offer is obviously better, though it might require a branch visit (?).

Always read your mail! 🙂

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I have three of these mailers but the terms are slightly different from above. It’s the standard $300 Checking and $200 Savings offer plus an extra $100 if you sign up and complete the requirements for both Checking and Savings. FWIW, I have three of these mailers that all give the option to sign up online or in branch.

Do they give a different promo code each time? If so, can I get one?

anything you believe helped you to be targeted 3x for this offer? I see the $300+$200 frequently, but never seen +225 or +200+100.

I received the mailer last week as well. Great offer and will use with SO. We recently moved and changed our addresses with, not sure if that had anything to do with the targeting. I already have both Chase savings and checking and 6+ cards so was surprised to see the mailer tbh.

I tried pinging this to you on reddit but here;s a scan of the mailer for ya.

Also, as the expiration is Sep 27 and I forgot to close my bonus account from last year until yesterday, what are the chances I can slip thru despite not being 90 days from closure? Does chase enforce that hard?

Only 90 days? Fantastic. I’ll close mine. Do you go in branch to close? Or handle it all digitally? Did they question you a little? Why do you want to close your account”? Just curious.

Remember these bonuses are taxable income. Really reduces the benefit for some.

Isn’t $600 less tax better than not getting the $600?

Yes, until the amounts on the 1099’s for the year put you over the threshold for the EIC. It’s something like $3500. So the last $600 could cost you thousands in tax refunds.

For me it’s true. I’d rather rake up bank bonuses even if I know I’d have to pay taxes on them. I consider it as money working for me although I have to make sure I fulfill terms so I don’t waste my effort.

There’s basically no situation where making money will cause you to end up with less money after taxes. It’s not how a marginal progressive tax works.

There are unfortunately some stupid edge cases where US taxation is actually regressive. (Credit and deduction phaseouts.)

Uhmm. . . Not my experience. lol But not related to these bonuses.

Sure but a lot of people have marginal tax rates that make this worth effectively a lot less than $600. Just wanted to point out this isn’t tax-free like all other miles/points deals.

There are only a small number of edge cases where this would hurt, but come on, $600 minus marginal taxes is still free money. and if you are in the bracket where you are paying $37% ($500k+), how likely is that person going to be churning bank accounts. And that $600 isn’t going to do much against their overall tax bill

Here Hear

I am doing the 500$ bonus now and got my 300$ already waiting on for the saving…If I contact Chase do you think they would be willing to match this offer?

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