Santander’s extra20 checking/savings combo was just too good to last. I started mine a little over 2 years ago and some time last year, Santander no longer promoted the extra20 checking accounts. Starting July 1st, if you have a Santander extra20 account, you will no longer be receiving the extra $20 perks every month.
As an interim bonus, you can refer a friend to open a new Santander checking account and you will BOTH receive a $50 Visa Gift Card. Your referral will need to open a new Santander Checking account, have 1 direct deposit over $250, and 5 debit card transactions within the first 60 days of account opening. More details here.
And for those who need a referral – my referral link here.
In search of a new savings combo! What are you using right now?
There’s a new checking account opening bonus at Santander Bank. If you open a checking account and set up a direct deposit of $500 or more within the first 3 months, you will get a $150 added to your account within the 4th month of your account opening. Unfortunately this does NOT work if you open their extra20 checking (which we reviewed here).
More details on the offer here. You can open online or at a local branch.
I’m always thinking when they’ll end their extra20 promotion, though it’s been more than a year since I’ve opened my account and it sounds like they’re going strong, they can still end it any time. This sign up bonus might be a safer bet.
Santander currently is running a credit card deal for their Bravo card, where you will get 10,000 bonus rewards (worth $100) when spending $1,000 in 3 months. I like this card because you earn 3x rewards from gas station, supermarket and restaurant purchases which is the highest while these categories are missing from a quarterly category from the other credit cards. The bad thing is there is a $49 annual fee after the first year since the extra20 checking and savings accounts from Santander does not qualify as a Select account. The other option to get 3x back for supermarkets is the American Express Blue Cash Everyday Credit card and 3x back for gas using the Bank of America Credit Card.
Also as a Santander Banking customer, paying the Bravo credit card bill is as easy as a internal fund transfer.
For a complete list of credit cards and their rewards, check out 2015 Credit Card Benefits-At-A-Glance.