If you’re in the market for a new bank account or credit card, leveraging bank bonuses and promotions could be a savvy way to snag some extra cash. Many financial institutions, including Truist Bank, roll out both seasonal and continuous offers for both their personal and business clients.
Having been a Truist account holder myself, I can attest to the allure of some of their bonuses. Since merging SunTrust and BB&T, Truist has been particularly motivated to expand its deposit base, offering enticing rewards across both consumer and business products.
Current Truist Bank Bonuses
Let’s dive into the current promotions and bonuses that Truist has available for you to take advantage of today:
Truist One Checking: $400 Bonus
Opening a Truist One Checking personal account could earn you a generous $400 bonus—but remember, this offer is set to expire on April 30, 2025. To qualify, your new checking account needs to be opened online, and the address must be in one of the following states: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, or DC.
Truist Small Business Checking: $400 Bonus
For small business owners, Truist has a similar $400 bonus when you open a Simple Business or Dynamic Business Checking account. Typically, other banks require a hefty balance to qualify for rewards, but Truist opts for a more accessible minimum deposit. Your business should be based in AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, or DC, and the offer ends on March 31, 2025.
Truist Enjoy Travel Credit Card: 20,000 Bonus Miles
The Truist Enjoy Travel credit card stands out with no annual fee and lucrative perks that can compete with well-known brands like American Express and Chase. On top of that, they’re offering up to 20,000 bonus miles, which translates to $200 in cash when redeemed. Here’s the basic requirement: Apply for the card and make purchases totaling at least $1,500 within the first three months.
Here’s how you can rack up rewards with this card:
- Earn double miles for every dollar spent on travel essentials like flights, car rentals, and hotels.
- For other qualified purchases, earn one mile per dollar spent.
- Benefit from up to $85 statement credit every four years for TSA PreCheck® or Global Entry® fees.
- Additionally, earn a Loyalty Travel Bonus ranging from 10% to 50%, depending on your deposit relationship with Truist, by redeeming your travel rewards.
A standout feature is that the points never expire as long as your account remains active.
FAQs
What are bank bonuses?
Bank bonuses are essentially incentives provided by banks to entice customers, often requiring them to meet specific conditions, like depositing new money into an account and maintaining it over time. Such promotions help banks attract new clientele or reward loyal patrons.
What should I look out for?
Although bonus cash is appealing, it’s essential to understand the detailed terms of these offers. Most require direct deposits within a certain timeframe post-account opening, maintaining funds for a few months before being eligible for the bonus. Some offers may be limited to either online or in-branch applications.
Remember, certain accounts have a periodic service fee, usually billed monthly, which might be waived if specific criteria are met. It’s wise to be mindful of the APR rates once initial offers lapse. Each promotion has its own set of rules, so ensure you understand them fully before proceeding. This information should be readily available on the bank’s website, and if unclear, you should request clarification from a representative.
In summary, exploring Truist’s bonuses can be worthwhile if you’re considering opening a new account. However, these offers typically apply only to new customers. If you’re already with Truist, double-check with a customer service rep to avoid missing out. Make sure to shop around; many financial institutions offer bonuses, albeit with varying conditions.
Before committing to any new account, take a moment to review the eligibility requirements. Some accounts may come with monthly fees, but these can generally be waived under certain conditions. Keep an eye on promotion deadlines as they tend to change frequently across different banks.
