Posted by William Charles on September 10, 2018
Deals

Published on September 10th, 2018 | by William Charles

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[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:

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

 



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Lisa
Lisa

Looks like these cards just earn 1% or 1 point per dollar. Neither card seems useful.

akjohnny
akjohnny

These are sock drawer cards after you get the bonus for sure. $550 bonus makes the cards a little more palatable.

akjohnny
akjohnny

I applied for this deal in May and got declined for the credit card which you need to get first because the mm and savings account bonus does get added as a statement credit. Statement credits are NOT taxable so this is worth more than $550 if you compare to bank account bonuses. This bank is VERY inquiry sensitive which is why I got declined for the credit card. There is NO recon # for amegy bank. I spoke to branch manager after finding out I was declined for over 30 mins trying to convince him to explain to their board who makes credit decisions that someone who is 9/24 and has 780 credit score is not a credit risk. I really don’t like wasting a hp and not getting any kind of sub.

What is funny is right after getting denied by an amegy for their card I got approved for $16k premium rewards credit card via recon.

Lisa
Lisa

What premium rewards card are you referring to?

akjohnny
akjohnny

Bank of America

Lisa
Lisa

Thanks akjohnny. It sounds like this card is difficult to get approved for.

akjohnny
akjohnny

Offer expires 8/31/18 this time around

Tony
Tony

“You must be at least 21 years of age to submit an online application”

Sad day for the young Texas churners. Branches in Dallas, San Antonio, and Houston areas. Nearest branch for me is 350+ miles, unfortunately.

Ann
Ann

Do you need to be near a branch for this, or just anywhere in the state?

Tony
Tony

As far as I know, anyone in the state can submit an online application. If you are 18-20, you must open in branch (according to the app).

akjohnny
akjohnny

I applied in branch and also planned on opening the savings and mm account right after getting the credit card… If you do go in branch be sure to print out a copy of the offer… Nobody in the branch had a clue what I was talking about when I mentioned the offer and it took a while for someone to find it.

Jim Bean
Jim Bean

Does the Interest Checking account qualify as the “qualified Amegy personal checking account” to waive the $12 monthly fee for the MM account?

jonflow
jonflow

https://www.amegybank.com/personal/checking

It looks like the Premium Interest Checking is the only one that waives the Money Market acct fees.

Jim Bean
Jim Bean

Thanks!

abc
abc

If I have previously take advantage of the previous 1,000 on business cards, can I do this promo again ?

Thumper
Thumper

Any reports on how long they take to process the credit card app?

Robert
Robert

I applied tonight and checked the status link and was approved within 10 minutes. I am also lol/24.

Lisa
Lisa

Is it the credit card that you got approved for or all 3 accounts?

Thumper
Thumper

Thanks. Checked again just now and it was approved. Took 36 hours. Maybe ive officially moved from lol/24 to LMAO/24.

Lisa
Lisa

Which credit bureau did they pull?

Thumper
Thumper

Experian. Haven’t applied for other accounts, was waiting to make sure the card got approved first.

Lisa
Lisa

Thumper thank you!

Robert
Robert

Same here, don’t want to open checking and savings without card in hand

Robert
Robert

Did you get your card? I am still waiting, called to ask and lady was suprised it was still in underwriting even though approved. I guess becasue I hadn’t opened the check account yet?

Thumper
Thumper

Yeah, got it within 5 days. I hadn’t opened the other accounts at that point either. Sounds like they dropped the ball on yours.

Robert
Robert

I got hung up in underwriting and stopped by a local branch today and is shows approval last Friday, so initial approval July 11. Hopefully the card ships soon, so I can open the checking and money market accounts. Have you opened them?

Thumper
Thumper

Yeah, I opened both. It was pretty quick and easy. Standard ID verification and got access setup quickly. Now just waiting on the bonuses to post.

Lisa
Lisa

Any success on the checking and savings?

Thumper
Thumper

Not yet, I’m waiting on the card to arrive. The terms seem to imply you need to activate the card first.

Thumper
Thumper

Maybe I shouldn’t have waited. Went to setup online access for the card and the information that arrived WITH the card, directs you to a sign up process requires an ATM card and deposit information from your bank account?!

Opened both of the other accounts. Very simple to do. Standard ID verification using consumer data.

Wesley in Boulder
Wesley in Boulder

VectraBank does have a checking promo now, but it’s limited to employees of their business partners.
https://www.vectrabank.com/workplace-banking/banking-members.jsp

jonflow

Credit card was a hard pull from Experian, under the name Zions Managment Srvc. Bank accounts were soft pulls.

Lisa
Lisa

Can the reward points be cashed out easily?

Ann
Ann

https://www.amegybank.com/app-links/amazing-rewards says “apply your points toward purchases made with your card” sounding as if that’s the only option. But since the card is 0% for the first 6 months, I guess you could just wait on paying off your initial minimum-spend purchase until the bonuses arrive, and then they’d pay down what you’d already spent.

Ann
Ann

Just found another page with more details on that.
https://www.amegybank.com/resource-center/frequently-asked-questions/credit-cards
“Once at least $25 is earned in cash back, you may access your account online and request a cash back payment to your deposit account or as a credit card statement credit.”

So as long as you have the Amegy checking and/or money market accounts still open, you can get the money back that way (and then ACH it to your regular accounts elsewhere) instead of putting it towards the credit card balance.

Lisa
Lisa

Thank you!

Lisa
Lisa

I applied tonight but the application status is blank? Did this happen to anyone else!

Ann
Ann

Only Thumper and Robert (and akjohnny unsuccessfully) have posted about doing it, so far. Robert said his was approved in 10 minutes even in the middle of the night, but Thumper’s took 36 hours. Let us know what yours says in the morning.

I’ve been holding off hoping for more DPs, like you probably had been too, but I think I’m going to attempt it today (just the card, and wait for approval before opening the other accounts).

Lisa
Lisa

Thanks Ann. The page still looks the same. After I press submit the application status is blank,

Ann
Ann

If it’s still like that tomorrow, maybe give them a call.

Ann
Ann

Okay, I just did my card application. The status page immediately afterward says “Status of your application: Review”. So yours being blank is definitely not normal.

Ann
Ann

Hmm. There may be something wrong with their status-check site. It worked fine for me 45 minutes ago, as reported above, but doing the exact same thing again just now (inputting my application ID and SSN) leads to a page that has the “View Your Application Status” header but nothing underneath it. Sooo…

Lisa
Lisa

Thanks for the update. Let me know if your status changes.

Lisa
Lisa

I called the bank. They told me it’s under review. No other info available. 🙁

Ann
Ann

My status page is still screwed up, nothing appears under the heading. I even tried in an incognito window this time, in case it was a cookie problem; still nothing. It’s almost as if it only loads successfully once, and then you can never again see the status of that particular application properly.

The other thing that’s annoyingly nontransparent about their application process is they didn’t send any kind of confirmation email upon completion of the application. Fortunately I pasted the application code and link to check on it (for what little good that’s been) into a text file when it was provided at the end, but that should have been unnecessary.

Lisa
Lisa

Yeah same for my application status page. I was also surprised they didn’t send an email that they received the application. When I talk to the lady on the phone it sounded like they will only notify by mail of the application status other than me calling in to check on it.

Lisa
Lisa

I called them again and was told I need to bring Id and utility bill to local branch. Luckily there is a branch nearby my house. What a hassle!

Ann
Ann

I’ll be in trouble if they try that on me, no local branches in my area. I’d be ‘happy’ to send that stuff in by some other method if needed, though.

vish
vish

Ann,
trying calling the nearest branch and ask for the banker email ID to send the requested documents.
In my case the branch was far away, by the time i come back from office the bank was closed. So I did check with the banker and mentioned the situation, for which she told me too email the requested documents and she would submit on behalf.
So try your luck.

Ann
Ann

Great tip, thanks vish . I’m not going to bug them till at least some time later this week, we’ll see if that’s even needed.

Mike
Mike

Yeah, my tracking number worked the first time (Under Review) but after that it was blank. After several days the support number finally let me know when I called that it needed to verify my address.

I went to the local bank. I don’t have a utility bill in my name but they accepted my license and a mailed Fidelity document.

Robert
Robert

I finally got my card and activated it. I have signed up for checking and money market, hopefully won’t have issues with bonus.

Lisa
Lisa

When you sign up for the checking and money market it asks for your credit card number?

Mike
Mike

They use Chex. I saw the sign in the office.

Ann
Ann

I haven’t contacted them yet, but I received a business-size envelope in the mail from Amegy yesterday. I thought it would be news of approval or a request for more paperwork or something like that. Nope, it was just my credit score (800+) via Experian, and the usual litany of credit-related disclaimers. Good sign that approval is on the way, or neutral?

Lisa
Lisa

I got the same letter but later had to provide proof of address. I’d say you are likely approved.

Ann
Ann

OK, thanks. I’ll probably call on Monday if I have time.

vish
vish

I have opened the Amazing cash credit card account and then Interest checking and MMA Account. I have online access to the accounts mentioned.
but i am not able to see the amazing cash rewards on the account, I am close to spending 1000 $ already.
was checking, where should I be able to see the cash back earned on the credit card?

Ann
Ann

I haven’t gotten to that point myself yet, but I’d expect the 1% back is not going to be reflected until your first statement is generated. And the big bonuses probably won’t show up until the full 90 days has passed.

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