r/sidehustle • u/Away-Guava-345 • 19h ago
Giving Advice & Tips Bonus offers from banks and credit cards
I’ve gotten into the habit of opening a new checking account pretty much every month when I find a good bonus. A lot of them are in the $300-$600 range. I have the ability to change where my direct deposit goes, so I’ll switch it over, meet the requirements, collect the bonus, and then usually close the account.
I also open a credit card maybe twice a year when there’s a really good signup bonus. Usually those are worth somewhere around $800-$1,500 depending on how you value the points or rewards. My credit score is currently around 815, so fortunately the inquiries and new accounts haven’t really hurt me much.
The funny thing is, I honestly don’t need the money. I’m doing pretty well financially already. I just genuinely enjoy taking advantage of the bonuses that these huge banks and credit card companies are offering.
I know some people probably think it’s not worth the hassle, but I kind of look at it as a game. If a bank is willing to pay me $500 to move my direct deposit over for a few months, I’m going to take the $500.
Anyone else do this regularly? How much have you made from bank and credit card signup bonuses?