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Cheese Card (earncheese.com) is welcoming new customers with a 3% APY deposit bonus for 30 days (referral below). Earn an additional 30 days of the boosted 3% APY rate for every person who claims their welcome reward using your unique referral link. More referral offers here.
Cheese is a fintech company that provides banking services catered to Asian communities. The checking account and debit card feature cashback rewards, interest, and low fees. Plus, you don’t need a Social Security number or credit check to apply. For more on Cheese and their current offers, keep reading.
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Cheese Card Offer: 3% APY Deposit Bonus
Enjoy a 3% APY deposit bonus for 30 days, capped at $25, when you use a referral link to join (mobile only) and fund your account. Without the bonus, the APY is just 0.3%. This offer is valid for new customers only.
Use one of the following referral links:
Cheese Card Referral Program
When you refer a friend, you both get a 3% APY deposit bonus for 30 days, capped at $25 per month. For every successful referral, you stack on another 30 days of the boosted 3% APY rate. Your referrals must join using your unique referral link and make a deposit to qualify.
Cheese Card Features
| Minimum Deposit | $0 |
| Cash Back Rewards | 0.25% to 10% |
| APY | 0.30% to 3% APY |
| Direct Deposit | Yes, up to 2 days early |
| Promotions | 3% deposit bonus for 30 days |
The Cheese co-founder and CEO is a Chinese immigrant who created the company when he was repeatedly denied checking accounts at big banks in the United States, despite having an excellent credit score. He designed Cheese specifically for Asian-American communities and immigrants, but anyone is welcome to open an account. Notable features include:
- 3% deposit bonus for 30 days with referral
- 0.25% cashback on all purchases for up to $10 maximum daily
- Up to 10% cashback with partnered Asian-owned businesses
- Aims to raise $100,000 to support Asian-focused nonprofits
- Direct deposit 2 days early
- 33,000 fee-free MoneyPass ATMs
- No credit check, apply with U.S. address, passport, and valid visa
- Customer service in English and Mandarin
Your deposits are FDIC insured for up to $250,000.
Cheese Card Fees
Cheese does not charge any monthly or annual maintenance fee. The company does not have any overdraft fees (the transaction will just be denied), nor do they have any out-of-network ATM fees. They will, however, charge the following:
- Foreign transaction fee
- Debit card replacement fee
- Incoming domestic wire fee (one waived per year)
- Incoming international wire fee (one waived per year)
With their lack of banking fees, Cheese claims their customers save an estimated $329 per year.
Bottom Line
If you’re an immigrant who is having a hard time qualifying for a checking account, Cheese is an excellent solution. You might also want to consider signing up if you’re an Asian-American, or you want to support Asian-American communities. The account pays interest, gives cashback rewards, lets you get your paycheck two days early, and donates to Asian-American non-profits. It’s mostly free, and there is no credit check or Social Security number required to open an account.
If you’re an immigrant looking to take out a loan, check out Stilt. You don’t need to have a Social Security number or cosigner to apply. Stilt is currently offering a $25 cash bonus to new borrowers.
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