[TX only] AmegyBank Up To $550 Credit Card Bonus With Savings & Checking Account Opening

Reposting as deal is back and valid until December 31st, 2018.

The Offer

Direct link to offer

• Amegy Bank is offering up to $550/55,000 points when you open a new AmaZing Cash or AmaZing Rewards Visa credit card. Bonus is broken down as follows:
  • $150/15,000 when you spend $1,000 within the first 90 days
  • $200 when you open an Anytime Interest Checking or Premium checking within 90 days (account must be kept active for 90 days)
  • $200 when you open a money market account within 90 days ($500 minimum opening deposit & must be kept active for 90 days)

The Fine Print

• Anytime Interest Checking™ or Premium Interest Checking™ Bonus Cash and Reward Points – Bonus offer applies to new Anytime Interest Checking™ or Premium Interest Checking™ accounts, subject to approval. One checking account bonus payment is allowed per customer, not per account or per card. Bonus not available to clients with an existing Amegy Bank checking account or who have opened an Amegy Bank Anytime Interest Checking or Premium Interest Checking prior to 3/1/18. To receive $200 or 20,000 checking bonus: 1) Upon approval, activate your AmaZing Cash® or AmaZing Rewards® Visa credit card, subject to credit approval; 2) $50 minimum opening deposit required to open an Anytime Interest Checking™ or Premium Interest Checking™; 3) Keep checking account active for 90 days from account opening. We will credit your AmaZing Cash or AmaZing Rewards Visa credit card within 4 to 6 weeks after completing the above checking requirements.
• AmaZing Visa Credit Card Bonus Cash and Reward Points – Bonus offer applies to new AmaZing Cash® or AmaZing Rewards® Visa Credit Card. One credit card bonus payment is allowed per customer, not per account or per card. Bonus not available to clients with an existing Amegy Bank AmaZing Cash or AmaZing Rewards credit card account. Transactional items such as cash advances, balance transfers, returned merchandise, etc. do not qualify toward $1,000 spend amount. AmaZing Cash bonus cash or AmaZing Rewards bonus reward points will be added to your balance within 4 to 6 weeks from the end of the 90-day promotion
• Money Market Bonus Cash and Reward Points – Bonus offer applies to new Money Market account, subject to approval. One Money Market bonus payment is allowed per customer, not per account or per card. Bonus not available on Business Money Market, Premier Money Market or clients with an existing Money Market account opened prior to 3/1/18. To receive $200 or 20,000 money market account bonus: 1) Upon approval, activate your AmaZing Cash^® or AmaZing Rewards^® Visa credit card, subject to credit approval; 2) $500 minimum opening deposit required to open a Money Market account; 3) Keep money market account active for 90 days from account opening. We will credit your AmaZing Cash or AmaZing Rewards Visa credit card within 4 to 6 weeks after completing the above money market requirements.

Avoiding Fees

Interest Checking

This account has a $10 monthly fee that is waived if you do either of the following:

• Maintain a minimum daily balance of $1,500
• Maintain a combined deposit and consumer loan balance of at least $10,000

Money Market

This account has a $12 monthly fee that is waived if you do either of the following:

• Maintain a minimum daily balance of at least $1,000
• Have a qualified Amegy personal checking account

Our Verdict

Normally when Amegy has a bonus like this it’s also available with the following banks:

• California Bank & Trust: California only
• Nevada State Bank: Nevada only
• Vectra Bank: Colorado

Sadly I can’t find any working links for those this time around. Previously they have had bonuses of up to $1,000 on business cards with the requirements being much easier to meet. This will be a hard pull to open due to the credit card. It’s a shame that you can’t do the checking/money market account without the credit card. I wonder if you’ll be taxed on these bonuses as they post to the credit card and credit card bonuses are treated as a rebate and not taxed? Overall a pretty great deal if that’s the case. I don’t know whether to add this to the best credit card bonuses or best bank account bonuses. If anybody goes for this please share your experiences in the comments below.

Hat tip to reader John