USAA $200 Checking Bonus – Doctor Of Credit

Update 1/15/25: The deal is back again from 1/15/2025 to 4/24/2025.(ht QQ)

Update 7/19/24: Deal is back until 12/10/24.Military pay isn’t required

Update 10/11/23: Deal has been extended to March 14, 2024 and is now $200 instead of $100.Military pay isn’t required this time either.

Offer at a glance

Maximum bonus amount: $200

Availability: Nationwide but restricted membership

Direct deposit required: Yes, $100+

Additional requirements: No

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Can fund up to $100 with a credit card

Monthly fees: None

Early account termination fee: None

Household limit: None listed

Expiration date: October 10, 2023

The Offer

Direct link to offer

USAA is offering a $200 bonus when you open classic checking account with qualifying direct deposit of $100+ within the first 180 days of account opening

The Fine Print

Eligibility: Offer available for new USAA Classic Checking accounts from USAA Federal Savings Bank, also known as FSB, opened between May 5, 2023, and October 10, 2023.

The account is not eligible for this offer if: 1) the primary account holder currently has, or has had, ownership of a USAA FSB checking account in the 12 months prior to account opening.The primary account holder is the account holder whose U.S.taxpayer identification number is used for tax reporting purposes on the new account.; or 2) the account is titled as a trust account, estate, Uniform Transfer to Minor Account, also known as UTMA, or other fiduciary account.The new USAA Classic Checking account must remain open and in good standing through the time we attempt to deposit any earned bonus payment.

Offer may be discontinued or changed at any time without notice.

Bonus Requirements and Payment: To qualify for the bonus, open a new USAA Classic Checking account between May 5, 2023, and October 10, 2023, and receive a qualifying direct deposit into the new USAA Classic Checking account within 180 calendar days after account opening.A qualifying direct deposit is a single Automated Clearing House, also known as ACH, electronic deposit of $100 or more of your United States military salary pay, retirement pay, military disability pay, or annuity pay for a surviving beneficiary from Defense Finance Account Service, also known as DFAS, or the U.S.Department of the Treasury, that posts to your new USAA Classic Checking account.Civilians receiving pay from DFAS are excluded.

Special payments are not eligible; this includes but is not limited to education and travel benefits related to military service.We will attempt to deposit the $100 bonus into your new USAA Classic Checking account within 60 days after the first qualifying direct deposit.You are responsible for any federal, state, or local taxes due on the bonus and we will report the bonus as income to the tax authorities if required by applicable law.Consult your tax advisor.

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 no EATF.

Our Verdict

Requirements seem relatively easy to meet if you’re eligible to be a USAA member.

Hat tip to Bockrr

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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.