[MA] Pittsfield Coop Bank $750 Checking Bonus

Offer at a glance

Maximum bonus amount:

Availability: MA, Pittsfield/Hinsdale area

Direct deposit required: Yes, $500+ per month for six months

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: $15, avoidable

Early account termination fee: Unknown

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

Pittsfield Coop Bank is offering a bonus of $750 when you open a new checking account and complete the following requirements:

$750 bonus

Open an interest checking account with a $500 minimum

Set up direct deposits, a minimum of $500 each month for six months is required

Make 25 debit card transactions in any combination of POS Signature (credit) or POS Pinned (debit) transactions during the cycle period

$500 bonus is the same but only requires 15 debit card transactions

The Fine Print

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has a $15 monthly fee.This is waived with any of the following:

$2,500 in all savings, checking, and money market accounts combined

15 debit card transactions and electronic deposits of $500 or more

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Doesn’t work out of state.My reading is that the debit card transaction requirement is each statement cycle but others might disagree.If anybody signs up please share if it’s a hard or soft pull.

Hat tip to reader Gorb

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.