Costco Capital One High Yield Savings Plus Account Opening Bonus

If you have a Costco membership, you may consider the new Costco / Capital One Interest Plus Savings Account. I am not sure when exactly they started this account, but I just found out about it today.

Currently the rate is at 1.75% when you have $5000 or greater balance in your account which is a decent rate for the current economy,  however if you have an average balance of $15,000 you will receive a 10% quarterly bonus on your interest earned that quarter.

So for example if you deposit $15,000 for one year, you will receive the following:
$15,000 * 1.75% = $262.50 (regular interest)
$262.50 * 10% = $26.25 (10% bonus on interest earned)
for a total of $288.75 which is a 1.92% yield for the year!

And to sweeten the deal you will get a bonus when opening the account. Executive Members get a $65 Incentive, Gold Star and Business Members get a $25 Incentive – when you open your first account through Costco and deposit $5,000 within 30 days. The bonus will up your APY over 2% for that year.

To get the bonus you need to enter the promo code: COSTCOMVM
on the Account Opening Page.

For more details on the account take a look at the Account Details Page

This is a great deal if you are looking for a place to stash some cash and get a better than average interest rate.

If you are a Costco member, there is also a $25 bonus when opening the Costco American Express Card

$25 Bonus From Costco American Express Card

You can get a $25 bonus when signing up for the Costco American Express Card. The Costco American Express Card card is the only Costco Credit card out there. Costco only accepts American Express so if you are looking for a card to use there, this is it.

This card is essentially an American Express cash back card, that also serves as your Costco Membership card. No more carrying around 2 cards when going to Costco as this is the only card you need.

You must make a  purchase within the first three months of  account opening to qualify for the $25 statement credit. Your statement credit will appear in your card statement within 8 – 12 weeks of your first purchase using the card.

Here are the details on the card:

• Earn cash back on gas and a $25 statement credit with your first made with the Card.
• Earn cash back virtually everywhere you go – 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
• No Annual Fee with your paid Costco Membership
• The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
• No Limit on the Cash Back earned

Check out the Costco American Express Card details page for more info and to apply.

“Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.”

$50 Statement Credit From Bank Of America Cash Rewards Visa

You can get an easy $50 when signing up for the Bank of America Cash Rewards Card through Bank of America’s latest Credit Card Promo.

To qualify for the $50 statement credit offer, your new account must be used to make any combination of purchase, balance transfer or cash advance transactions totaling at least $25 (excluding transaction fees) within 45 days of the account open date. Limit (1) item per new account. Allow 8-12 weeks from qualifying for the statement credit to post to your account.

As another perk of opening a new card account you will earn 3% cash back on gas, grocery and drugstore purchases for the first 6 months and 1% on all other purchases.

They are also offering 0% APR on Purchases and Balance Transfers for the first 7 or 10 billing cycles based on your credit. Beware that Bank of America has an uncapped balance transfer fee of 3% (minimum $10) of the transferred balance.

There is no annual fee for this card.

If you are looking to make a quick $50, then check out the Cash Rewards Card details page.

Free $150 from Sony Visa Card with $299 Purchase

Chase is offering a $150 sign up bonus for their Sony Visa Card after your first purchase of $299 or greater at SonyStyle.com.

This card is good for long term use if you buy a lot of Sony items. If you don’t, you may just consider signing up for the $150 bonus and keep the card for emergencies. For a long term rewards card, check out my Chase Freedom Rewards Visa post

Here is the earnings breakdown:

• Earn 5 points per dolar at Sony Style Stores, SonyStyle.com and ImageStation.com
• Earn 3 points per dollar spent on Sony Products at authorized Sony retailers
• Earn 1 point per dollar everywhere else

What you need to do: Sign up for the Sony Visa Card
Obligation: None
Initial Reward (if any): $150 after first purchase made at SonyStyle.com
Money to get started: $299
Things to Note: There will be hard credit inquiry applied to your credit report when applying for the card

Free $25 from Costco American Express

Update August 2009: This $25 deal is still active. Not sure for how long though, so signup today!

Get a $25 statement credit after your first purchase using the True Earnings Costco Card from American Express.

The True Earnings Costo American Express is a cash rebate card which also will act as your Costo Membership Card. Remember that Costco only accepts American Express credit cards, so this one will allow you to shop with it and earn cash back on Costco purchases.

In order to qualify for the $25 statement credit, the purchase must be made within the first three months of Cardmembership. Allow 8 to 12 weeks after your fist purchase for the statement credit to appear in your card statement.

Other Benefits of the card:

Here are the details on the card:

• Earn cash back on gas and a $25 statement credit with your first made with the Card.
• Earn cash back virtually everywhere you go – 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
• No Annual Fee with your paid Costco Membership
• The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
• No Limit on the Cash Back earned

Check out the Costco American Express Card details page for more info and to apply.

“Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.”

New Fidelity Retirement Rewards 2% Card

Has saving for retirement become more of a challenge these days? Well it looks like the people at Fidelity are trying to make it a little easier.

Fidelity has come out with a new American Express card that will give you 2% cash back on purchases. The 2% can be applied to any Fidelity Retirement account. The card is being labeled as their “Retirement Rewards” card.

What’s nice about this card is that there is no max spending limit. So theoretically if you spend $25,000 a year on this card you can have $500 deposited into your retirement account.

Features of the Card:

• You’ll earn 2 points for each $1 you spend on purchases
• Reach 5,000 points after you make $2,500 in purchases and $50 can be automatically swept into your Fidelity IRA as a current year contribution or other Fidelity account
• Enjoy more flexibility with additional WorldPoints® rewards options, including travel, merchandise, travel, and other rewards

Since this is an American Express you also get some of their standard card features:

• 24-hour customer service
• 0% fraud liability and identity theft recovery service
• Retail purchase protection for merchandise
• Travel security benefits including car rental loss & damage insurance and travel accident insurance

If you are on a tight budget and can pay off your credit card every month, why not get this card and use it in place of your debit card or checks. Before you know it you will be contributing to your retirement without spending any more than you did before. If you already have a Fidelity retirement account then this is a no braininer. If you don’t, opening one is very easy. You can rollover another IRA to Fidelity for free. (See details here)

You can find more detail on the card and apply here

If you are looking for a decent cash back card with no limits but where you get cash back instead, take a look at the Fidelity Cash Back Visa which earns 1.5% on all purchases with no limit on how much you can earn.

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