[MO, IL only] Arsenal Credit Union $200 Checking Bonus – No Direct Deposit Required

Update 1/7/25: Bonus has been increased to $200.Valid until 1/31/25

Update 8/25/24: Bonus is back and valid until 12/31/24.Hat tip to reader Bockrr

Offer at a glance

Maximum bonus amount: $100

Availability: MO, IL only

Direct deposit required: No

Additional requirements: 10 debit card transactions

Hard/soft pull: Hard pull

ChexSystems: Unknown

Credit card funding: None

Monthly fees: None

Early account termination fee: $10, 90 days

Household limit: None

Expiration date: March 31st, 2020 12/31/24

The Offer

Direct link to offer

Arsenal Credit Union is offering a bonus of $200 when you open a new checking account and complete the following requirements:

Use promo code New2025

Make at least 10 debit card transactions within 15 days of account opening

The Fine Print

The $100 deposit will enter account 15 days after checking account with debit card is opened and member makes at least 10 transactions on the card.

Member must remain in good standing with the credit union.

Membership eligibility required.Must be age 18+ and mention this offer during account opening.

Must have valid ID at account opening.

May not be combined with other offers.

Bonus will be reported as a dividend.

Offer expires 3/31/2020.

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 no monthly fees to worry about

Early Account Termination Fee

There is an early account termination fee of $10 if the account is closed within 90 days of account opening

Our Verdict

Considering this requires no direct deposit and there is no monthly fee I think it’s worth doing if it’s a soft pull to open.If anybody goes for this bonus then please share your experiences in the comments below.

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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.