I enjoy talking with people from all walks of life about different financial strategies. One recommendation I always offer is to try to choose financial products that give you added value.
A good example of this is a rewards checking account.
What is a rewards checking account?
Since most of us need a checking account, why not get one that pays you back for doing the things you do already? A rewards checking account offers more benefits than a traditional account, with options like cash back on purchases and member discounts, plus other perks. Earn points on things like paying bills or even using your credit card.
Reasons you may enjoy the benefits of a rewards checking account
It’s easier than ever to start earning rewards points! Consider applying for a rewards checking account if:
1. You use your debit card often
It’s common for a financial institution to require a certain number of debit card transactions per month to earn points. These points can be redeemed for rewards or discounts on things like travel, dining and entertainment.
2. You like the convenience of mobile banking
Making payments and check deposits with your mobile device can make life infinitely easier—and help you save time! Utilize these types of services to earn more rewards. Also, many mobile banking apps now offer instant person-to-person money transfers.
3. You want a one-stop shop for all financial transactions
Having multiple accounts at the same financial institution—like a credit card and checking account—can keep your errand-running and app-accessing time to a minimum. Not only is this more convenient, but it can also help you earn rewards!
4. You want to maximize your benefits
Many rewards checking accounts also offer additional perks like mobile phone protection, telehealth, identity protection and monitoring!*
By choosing an account that aligns with your spending habits and financial needs, you can enjoy benefits beyond basic banking. Requirements may vary for different financial institutions, so make sure you research the details.
Insured by NCUA
*Some benefits require no-cost registration/activation. Membership required—based on eligibility.