Rakuten offers $100 bonus or 10,000 points opening Synchrony Savings
Rakuten is giving a $100 bonus for a new Savings account.
The short version
- You Must open a Synchrony Savings Account and Deposit $1,000.
- You can take the reward as cash or flexible points.
- The bank pulls your ChexSystems report to check your history.
- This quick deal is for new Savings customers.
Why it matters to you. If you have been parking cash in a low-paying Account and want to pocket a quick hundred bucks or 10,000 points, this is an easy setup for a rainy day.
Check your rewards apps today. Rakuten, the shopping rewards platform, is running a deal that puts $100 or 10,000 transferable points in your pocket. To get it, you need to open a new Synchrony High Yield Savings Account through their portal and drop a $1,000 Deposit into the balance.
Synchrony, the major consumer financial services company, offers a consistent rate on its savings, though other banks sometimes pay more. The best part for some savers is how you take the payout. You can grab the cash or choose Membership Rewards points or Bilt points, which many travelers value much higher than a straight dollar bill.
Doctor Of Credit, the financial deals blog, reports that the bank will not issue a Form 1099 tax form for this specific bonus. Rakuten itself might send a tax form if your total yearly bonuses cross $2,000, though taxes are still owed on income either way.
Be ready for a credit check on your ChexSystems banking history report, as readers note the bank is sensitive to past inquiries.
Photo: Akonnchiroll, CC BY-SA 4.0, via Wikimedia Commons
