New York Community Bank is offering a way to earn up to a $500 bonus when you use their rewards program simply by using your debit card.
This rewards program awards you 10 points when you use your Visa check card for purchases of $50 or more. Once you reach a minimum of 2,000 points, you can redeem them for cash rewards (2,000 points= $20 cash). You can earn up to 50,000 points a year, redeemable for a cash reward of $500.
Some great features of these qualifying checking accounts include, free online banking & bill pay, access from your mobile device, and much more. If you qualify for this promotion, make sure to sign up! If you are interested, be sure to check out other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Editor’s Note: If you earn more than the maximum points (50,000 points), your points carry over to the next year so you lose nothing and your points will never expire.
If you’d like to participate in our Rewards Program, simply contact us when you find a new bank promotion and get paid up to $15!
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New York Community Bank $500 Bonus
- Direct Link to Offer
- New York Community Bank Promotion PDF Printout
- Account Type: My Community Basic Checking, My Community Free Checking, My Community Interest Checking, My Community 50+ Checking, Student Checking
- Availability: NY, NJ, OH, FL, AZ (Bank Locator)
- Expiration Date: None.
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown, let us know.
- Opening Deposit: None listed.
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: None listed.
- Monthly Fee: $0- $6
- Additional Requirements: See Below
- Household Limit: None listed.
- Closing Account Fee: None, but if the account is closed or in the event the Rewards Program is discontinued, any existing accumulated points would be forfeited.
Earn New York Community Bank $200 Bonus:
- Open a qualifying My Community Basic Checking, My Community Free Checking, My Community Interest, My Community 50+ Checking, My Community Military Checking, or a Student Checking.
- Use your Visa Debit Card for signature-based purchases (choose “Credit” at point of sale) or PIN-based purchases (choose “Debit” and enter your PIN at point of sale):
- Start earning cash with as little as 2,000 Rewards points, or $20 cash and earn up to 50,000 points or $500 each calendar year.
- Keep in mind that, if the account is closed or in the event the Rewards Program is discontinued, any existing accumulated points would be forfeited.
How to Avoid Monthly Fees:
- My Community Free Checking: No Monthly fees.
- My Community Interest Checking: Maintain a minimum balance of a daily balance of $500 to avoid the $6 fee.
- My Community 50+ Checking: Maintain a minimum balance of $1,000 to avoid the $5 fee.
- My Community Basic Checking: The $2 is unavoidable.
- My Community Military Checking: No Monthly fees.
- Student Checking: No Monthly fees.
Bottom Line:
Make sure you check out New York Community Bank to learn more about the $500 bonus promotion. Don’t forget, the $500 bonus will be reported on IRS Form 1099-INT.
Feel free comment below and let us know about how it went and if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, check out our full list of Bank Promotions for all your banking needs.
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