Looking for a checking account that rewards you for banking smarter? American Express is offering a limited-time $250 bonus for new Rewards Checking customers — and it’s easier to qualify than you might think. With no monthly fees, a competitive 1.00% APY, and the ability to earn Membership Rewards points on debit card purchases, this account stands out from the crowd. Here’s how you can cash in on this valuable offer.
Want the best bank bonuses nationwide? Check out our top picks here—including huge offers from BMO and Chase that you won’t want to miss!
Key Takeaways
- Bonus Amount: $250
- Offer Expiration: April 15, 2025
- Eligibility: Available to existing Amex cardholders with a U.S. Basic Consumer Card for at least 35 days
- Requirements: Two qualifying direct deposits of $1,000 or more
Why This Offer Stood Out to Me
I’m always on the lookout for solid bank bonuses, and this one has a lot to like. With no monthly fees, a 1.00% APY, and the chance to earn Membership Rewards points on debit card purchases, this account is packed with value. Combine that with a $250 bonus, and you’ve got a winning deal.
How to Qualify for the $250 Bonus
To earn the $250 Welcome Bonus, follow these simple steps:
- Open a new American Express Rewards Checking account by April 15, 2025.
- Receive two separate qualifying direct deposits of $1,000 or more within 90 days of account opening.
- Maintain your account in good standing until your bonus is paid (within 8-12 weeks after meeting the requirements).
Important: Only ACH transfers from an employer or government agency qualify as direct deposits. Transfers from other bank accounts, money apps (like Venmo), or Amex Savings accounts will not count.
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Why Choose Amex Rewards Checking?
Beyond the $250 bonus, Amex Rewards Checking offers several standout features:
- 1.00% APY — Earn 10 times higher than the national average on your checking balance.
- Earn Membership Rewards points — Get 1 point for every $2 spent with your Amex debit card.
- No monthly fees — No fees to open the account and no minimum balance requirements.
- ATM Access — Enjoy free ATM withdrawals at Allpoint and MoneyPass ATMs in the U.S.
- Amex App Integration — Manage your Rewards Checking, Savings, and Card accounts in one place.
- Zelle Integration — Easily send and receive money with no fees.
Important Bonus Details
- Offer available only to American Express Card Members who have held a U.S. Basic Consumer Card for at least 35 days.
- Customers who have had an Amex Rewards Checking account before are not eligible.
- The bonus will be reported as interest income on IRS Form 1099-INT.
Why This Bonus Is Worth It
The combination of a $250 bonus, a 1.00% APY, and Membership Rewards points makes this offer stand out from typical checking account bonuses. It’s rare to find a no-fee account that also offers solid rewards and high interest.
If you’re already an Amex cardholder, this is an easy way to pocket $250 while gaining access to valuable perks. Plus, the seamless integration with the Amex app makes it easy to manage your accounts in one place.
Our Take
If you’re eligible, this is one of the best checking account offers available right now. Just be sure to meet the direct deposit requirements and keep your account in good standing to ensure you lock in that $250 bonus.
Don’t wait — open your Amex Rewards Checking account today and claim your bonus!
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